On The Water
Appendix
| Sales Forecast | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Unit Sales | |||||||||||||
| Covercharge | 0% | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Meals | 0% | 0 | 1,822 | 2,552 | 2,552 | 2,552 | 2,552 | 2,552 | 4,739 | 4,739 | 4,739 | 4,739 | 4,739 |
| Drinks | 0% | 0 | 7,006 | 9,809 | 9,809 | 9,809 | 9,809 | 9,809 | 18,217 | 18,217 | 18,217 | 18,217 | 18,217 |
| Restaurant Merchandise | 0% | 0 | 25 | 100 | 100 | 100 | 100 | 100 | 200 | 200 | 100 | 100 | 100 |
| Total Unit Sales | 0 | 8,853 | 12,461 | 12,461 | 12,461 | 12,461 | 12,461 | 23,156 | 23,156 | 23,056 | 23,056 | 23,056 | |
| Unit Prices | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Covercharge | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |
| Meals | $0.00 | $15.00 | $15.00 | $15.00 | $15.00 | $15.00 | $15.00 | $15.00 | $15.00 | $15.00 | $15.00 | $15.00 | |
| Drinks | $0.00 | $5.00 | $5.00 | $5.00 | $5.00 | $5.00 | $5.00 | $5.00 | $5.00 | $5.00 | $5.00 | $5.00 | |
| Restaurant Merchandise | $0.00 | $8.00 | $8.00 | $8.00 | $8.00 | $8.00 | $8.00 | $8.00 | $8.00 | $8.00 | $8.00 | $8.00 | |
| Sales | |||||||||||||
| Covercharge | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Meals | $0 | $27,330 | $38,280 | $38,280 | $38,280 | $38,280 | $38,280 | $71,085 | $71,085 | $71,085 | $71,085 | $71,085 | |
| Drinks | $0 | $35,030 | $49,045 | $49,045 | $49,045 | $49,045 | $49,045 | $91,085 | $91,085 | $91,085 | $91,085 | $91,085 | |
| Restaurant Merchandise | $0 | $200 | $800 | $800 | $800 | $800 | $800 | $1,600 | $1,600 | $800 | $800 | $800 | |
| Total Sales | $0 | $62,560 | $88,125 | $88,125 | $88,125 | $88,125 | $88,125 | $163,770 | $163,770 | $162,970 | $162,970 | $162,970 | |
| Direct Unit Costs | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Covercharge | 0.00% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Meals | 0.00% | $0.00 | $3.00 | $3.00 | $3.00 | $3.00 | $3.00 | $3.00 | $3.00 | $3.00 | $3.00 | $3.00 | $3.00 |
| Drinks | 0.00% | $0.00 | $0.50 | $0.50 | $0.50 | $0.50 | $0.50 | $0.50 | $0.50 | $0.50 | $0.50 | $0.50 | $0.50 |
| Restaurant Merchandise | 0.00% | $0.00 | $3.00 | $3.00 | $3.00 | $3.00 | $3.00 | $3.00 | $3.00 | $3.00 | $3.00 | $3.00 | $3.00 |
| Direct Cost of Sales | |||||||||||||
| Covercharge | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Meals | $0 | $5,466 | $7,656 | $7,656 | $7,656 | $7,656 | $7,656 | $14,217 | $14,217 | $14,217 | $14,217 | $14,217 | |
| Drinks | $0 | $3,503 | $4,905 | $4,905 | $4,905 | $4,905 | $4,905 | $9,109 | $9,109 | $9,109 | $9,109 | $9,109 | |
| Restaurant Merchandise | $0 | $75 | $300 | $300 | $300 | $300 | $300 | $600 | $600 | $300 | $300 | $300 | |
| Subtotal Direct Cost of Sales | $0 | $9,044 | $12,861 | $12,861 | $12,861 | $12,861 | $12,861 | $23,926 | $23,926 | $23,626 | $23,626 | $23,626 | |
| Personnel Plan | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Management | 0% | $0 | $3,780 | $3,780 | $3,780 | $3,780 | $3,780 | $3,780 | $3,780 | $3,780 | $3,780 | $3,780 | $3,780 |
| Hostess | 0% | $0 | $1,470 | $1,470 | $1,470 | $1,470 | $1,470 | $1,470 | $1,470 | $1,470 | $1,470 | $1,470 | $1,470 |
| Waiters/Waitresses | 0% | $0 | $4,410 | $4,410 | $4,410 | $4,410 | $4,410 | $4,410 | $5,880 | $5,880 | $5,880 | $5,880 | $5,880 |
| Bartenders | 0% | $0 | $0 | $2,430 | $2,430 | $2,430 | $2,430 | $2,430 | $3,078 | $3,078 | $3,078 | $3,078 | $3,078 |
| Bus Boys | 0% | $0 | $720 | $720 | $720 | $720 | $720 | $720 | $720 | $720 | $720 | $720 | $720 |
| Cocktail Waitresses | 0% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $672 | $672 | $672 | $672 | $672 |
| Chefs | 0% | $0 | $4,620 | $4,620 | $4,620 | $4,620 | $4,620 | $4,620 | $9,240 | $9,240 | $9,240 | $9,240 | $9,240 |
| Total People | 0 | 8 | 8 | 8 | 8 | 8 | 8 | 12 | 12 | 12 | 12 | 12 | |
| Total Payroll | $0 | $15,000 | $17,430 | $17,430 | $17,430 | $17,430 | $17,430 | $24,840 | $24,840 | $24,840 | $24,840 | $24,840 | |
| General Assumptions | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Plan Month | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | |
| Current Interest Rate | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | |
| Long-term Interest Rate | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | |
| Tax Rate | 30.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | |
| Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Pro Forma Profit and Loss | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Sales | $0 | $62,560 | $88,125 | $88,125 | $88,125 | $88,125 | $88,125 | $163,770 | $163,770 | $162,970 | $162,970 | $162,970 | |
| Direct Cost of Sales | $0 | $9,044 | $12,861 | $12,861 | $12,861 | $12,861 | $12,861 | $23,926 | $23,926 | $23,626 | $23,626 | $23,626 | |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Cost of Sales | $0 | $9,044 | $12,861 | $12,861 | $12,861 | $12,861 | $12,861 | $23,926 | $23,926 | $23,626 | $23,626 | $23,626 | |
| Gross Margin | $0 | $53,516 | $75,265 | $75,265 | $75,265 | $75,265 | $75,265 | $139,845 | $139,845 | $139,345 | $139,345 | $139,345 | |
| Gross Margin % | 0.00% | 85.54% | 85.41% | 85.41% | 85.41% | 85.41% | 85.41% | 85.39% | 85.39% | 85.50% | 85.50% | 85.50% | |
| Expenses | |||||||||||||
| Payroll | $0 | $15,000 | $17,430 | $17,430 | $17,430 | $17,430 | $17,430 | $24,840 | $24,840 | $24,840 | $24,840 | $24,840 | |
| Sales and Marketing and Other Expenses | $0 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | |
| Depreciation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Insurance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Rent | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | |
| Utilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Leased Equipment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Payroll Taxes | 15% | $0 | $2,250 | $2,615 | $2,615 | $2,615 | $2,615 | $2,615 | $3,726 | $3,726 | $3,726 | $3,726 | $3,726 |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Operating Expenses | $3,000 | $20,450 | $23,245 | $23,245 | $23,245 | $23,245 | $23,245 | $31,766 | $31,766 | $31,766 | $31,766 | $31,766 | |
| Profit Before Interest and Taxes | ($3,000) | $33,066 | $52,020 | $52,020 | $52,020 | $52,020 | $52,020 | $108,079 | $108,079 | $107,579 | $107,579 | $107,579 | |
| EBITDA | ($3,000) | $33,066 | $52,020 | $52,020 | $52,020 | $52,020 | $52,020 | $108,079 | $108,079 | $107,579 | $107,579 | $107,579 | |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Taxes Incurred | ($900) | $8,267 | $13,005 | $13,005 | $13,005 | $13,005 | $13,005 | $27,020 | $27,020 | $26,895 | $26,895 | $26,895 | |
| Net Profit | ($2,100) | $24,800 | $39,015 | $39,015 | $39,015 | $39,015 | $39,015 | $81,059 | $81,059 | $80,684 | $80,684 | $80,684 | |
| Net Profit/Sales | 0.00% | 39.64% | 44.27% | 44.27% | 44.27% | 44.27% | 44.27% | 49.50% | 49.50% | 49.51% | 49.51% | 49.51% | |
| Pro Forma Cash Flow | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Cash Received | |||||||||||||
| Cash from Operations | |||||||||||||
| Cash Sales | $0 | $62,560 | $88,125 | $88,125 | $88,125 | $88,125 | $88,125 | $163,770 | $163,770 | $162,970 | $162,970 | $162,970 | |
| Subtotal Cash from Operations | $0 | $62,560 | $88,125 | $88,125 | $88,125 | $88,125 | $88,125 | $163,770 | $163,770 | $162,970 | $162,970 | $162,970 | |
| Additional Cash Received | |||||||||||||
| Sales Tax, VAT, HST/GST Received | 0.00% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| New Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| New Other Liabilities (interest-free) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| New Long-term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Sales of Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Sales of Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| New Investment Received | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Subtotal Cash Received | $0 | $62,560 | $88,125 | $88,125 | $88,125 | $88,125 | $88,125 | $163,770 | $163,770 | $162,970 | $162,970 | $162,970 | |
| Expenditures | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Expenditures from Operations | |||||||||||||
| Cash Spending | $0 | $15,000 | $17,430 | $17,430 | $17,430 | $17,430 | $17,430 | $24,840 | $24,840 | $24,840 | $24,840 | $24,840 | |
| Bill Payments | $15,520 | $3,054 | $30,881 | $35,738 | $31,680 | $31,680 | $31,680 | $32,959 | $69,637 | $57,846 | $57,127 | $57,446 | |
| Subtotal Spent on Operations | $15,520 | $18,054 | $48,311 | $53,168 | $49,110 | $49,110 | $49,110 | $57,799 | $94,477 | $82,686 | $81,967 | $82,286 | |
| Additional Cash Spent | |||||||||||||
| Sales Tax, VAT, HST/GST Paid Out | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Principal Repayment of Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Other Liabilities Principal Repayment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Long-term Liabilities Principal Repayment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Purchase Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Purchase Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Dividends | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Subtotal Cash Spent | $15,520 | $18,054 | $48,311 | $53,168 | $49,110 | $49,110 | $49,110 | $57,799 | $94,477 | $82,686 | $81,967 | $82,286 | |
| Net Cash Flow | ($15,520) | $44,506 | $39,814 | $34,957 | $39,015 | $39,015 | $39,015 | $105,971 | $69,293 | $80,284 | $81,003 | $80,684 | |
| Cash Balance | $6,480 | $50,986 | $90,800 | $125,757 | $164,772 | $203,787 | $242,802 | $348,773 | $418,066 | $498,350 | $579,353 | $660,037 | |
| Pro Forma Balance Sheet | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Assets | Starting Balances | ||||||||||||
| Current Assets | |||||||||||||
| Cash | $22,000 | $6,480 | $50,986 | $90,800 | $125,757 | $164,772 | $203,787 | $242,802 | $348,773 | $418,066 | $498,350 | $579,353 | $660,037 |
| Inventory | $2,000 | $2,000 | $9,948 | $14,147 | $14,147 | $14,147 | $14,147 | $14,147 | $26,318 | $26,318 | $25,988 | $25,988 | $25,988 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $24,000 | $8,480 | $60,935 | $104,947 | $139,904 | $178,919 | $217,934 | $256,949 | $375,091 | $444,384 | $524,338 | $605,341 | $686,025 |
| Long-term Assets | |||||||||||||
| Long-term Assets | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 |
| Accumulated Depreciation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-term Assets | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 |
| Total Assets | $69,000 | $53,480 | $105,935 | $149,947 | $184,904 | $223,919 | $262,934 | $301,949 | $420,091 | $489,384 | $569,338 | $650,341 | $731,025 |
| Liabilities and Capital | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Current Liabilities | |||||||||||||
| Accounts Payable | $15,450 | $2,030 | $29,685 | $34,682 | $30,624 | $30,624 | $30,624 | $30,624 | $67,708 | $55,942 | $55,212 | $55,531 | $55,531 |
| Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Subtotal Current Liabilities | $15,450 | $2,030 | $29,685 | $34,682 | $30,624 | $30,624 | $30,624 | $30,624 | $67,708 | $55,942 | $55,212 | $55,531 | $55,531 |
| Long-term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $15,450 | $2,030 | $29,685 | $34,682 | $30,624 | $30,624 | $30,624 | $30,624 | $67,708 | $55,942 | $55,212 | $55,531 | $55,531 |
| Paid-in Capital | $115,000 | $115,000 | $115,000 | $115,000 | $115,000 | $115,000 | $115,000 | $115,000 | $115,000 | $115,000 | $115,000 | $115,000 | $115,000 |
| Retained Earnings | ($61,450) | ($61,450) | ($61,450) | ($61,450) | ($61,450) | ($61,450) | ($61,450) | ($61,450) | ($61,450) | ($61,450) | ($61,450) | ($61,450) | ($61,450) |
| Earnings | $0 | ($2,100) | $22,700 | $61,715 | $100,730 | $139,745 | $178,760 | $217,775 | $298,833 | $379,892 | $460,576 | $541,260 | $621,944 |
| Total Capital | $53,550 | $51,450 | $76,250 | $115,265 | $154,280 | $193,295 | $232,310 | $271,325 | $352,383 | $433,442 | $514,126 | $594,810 | $675,494 |
| Total Liabilities and Capital | $69,000 | $53,480 | $105,935 | $149,947 | $184,904 | $223,919 | $262,934 | $301,949 | $420,091 | $489,384 | $569,338 | $650,341 | $731,025 |
| Net Worth | $53,550 | $51,450 | $76,249 | $115,265 | $154,280 | $193,295 | $232,310 | $271,325 | $352,383 | $433,442 | $514,126 | $594,810 | $675,494 |
