Second Run Pizza
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 | |||||||||||||
| Movie Admissions | 0% | 0 | 0 | 0 | 6,000 | 6,000 | 7,200 | 8,200 | 9,000 | 9,400 | 9,600 | 11,000 | 12,000 |
| Meals | 0% | 1,000 | 1,290 | 1,545 | 1,600 | 1,690 | 1,900 | 2,200 | 2,500 | 2,700 | 2,800 | 3,000 | 3,500 |
| Other | 0% | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| Total Unit Sales | 2,000 | 2,290 | 2,545 | 8,600 | 8,690 | 10,100 | 11,400 | 12,500 | 13,100 | 13,400 | 15,000 | 16,500 | |
| 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 | |
| Movie Admissions | $1.50 | $1.50 | $1.50 | $1.50 | $1.50 | $1.50 | $1.50 | $1.50 | $1.50 | $1.50 | $1.50 | $1.50 | |
| Meals | $20.00 | $20.00 | $20.00 | $20.00 | $20.00 | $20.00 | $20.00 | $20.00 | $20.00 | $20.00 | $20.00 | $20.00 | |
| Other | $5.00 | $5.00 | $5.00 | $5.00 | $5.00 | $5.00 | $5.00 | $5.00 | $5.00 | $5.00 | $5.00 | $5.00 | |
| Sales | |||||||||||||
| Movie Admissions | $0 | $0 | $0 | $9,000 | $9,000 | $10,800 | $12,300 | $13,500 | $14,100 | $14,400 | $16,500 | $18,000 | |
| Meals | $20,000 | $25,800 | $30,900 | $32,000 | $33,800 | $38,000 | $44,000 | $50,000 | $54,000 | $56,000 | $60,000 | $70,000 | |
| Other | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | |
| Total Sales | $25,000 | $30,800 | $35,900 | $46,000 | $47,800 | $53,800 | $61,300 | $68,500 | $73,100 | $75,400 | $81,500 | $93,000 | |
| 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 | |
| Movie Admissions | 0.00% | $1.20 | $1.20 | $1.20 | $1.20 | $1.20 | $1.20 | $1.20 | $1.20 | $1.20 | $1.20 | $1.20 | $1.20 |
| Meals | 0.00% | $3.00 | $3.00 | $3.00 | $3.00 | $3.00 | $3.00 | $3.00 | $3.00 | $3.00 | $3.00 | $3.00 | $3.00 |
| Other | 0.00% | $0.50 | $0.50 | $0.50 | $0.50 | $0.50 | $0.50 | $0.50 | $0.50 | $0.50 | $0.50 | $0.50 | $0.50 |
| Direct Cost of Sales | |||||||||||||
| Movie Admissions | $0 | $0 | $0 | $7,200 | $7,200 | $8,640 | $9,840 | $10,800 | $11,280 | $11,520 | $13,200 | $14,400 | |
| Meals | $3,000 | $3,870 | $4,635 | $4,800 | $5,070 | $5,700 | $6,600 | $7,500 | $8,100 | $8,400 | $9,000 | $10,500 | |
| Other | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | |
| Subtotal Direct Cost of Sales | $3,500 | $4,370 | $5,135 | $12,500 | $12,770 | $14,840 | $16,940 | $18,800 | $19,880 | $20,420 | $22,700 | $25,400 | |
| 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 | ||
| Manager | 0% | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 |
| Hostess | 0% | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 |
| Kitchen Staff | 0% | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 |
| Cleaning | 0% | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 |
| Servers | 0% | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 |
| Projectionist | 0% | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 |
| Total People | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | |
| Total Payroll | $24,000 | $24,000 | $24,000 | $24,000 | $24,000 | $24,000 | $24,000 | $24,000 | $24,000 | $24,000 | $24,000 | $24,000 | |
| 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% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | |
| 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 | $25,000 | $30,800 | $35,900 | $46,000 | $47,800 | $53,800 | $61,300 | $68,500 | $73,100 | $75,400 | $81,500 | $93,000 | |
| Direct Cost of Sales | $3,500 | $4,370 | $5,135 | $12,500 | $12,770 | $14,840 | $16,940 | $18,800 | $19,880 | $20,420 | $22,700 | $25,400 | |
| Movie Screening Expenses | $2,813 | $3,465 | $4,039 | $5,175 | $5,378 | $6,053 | $6,896 | $7,706 | $8,224 | $8,483 | $9,169 | $10,463 | |
| Total Cost of Sales | $6,313 | $7,835 | $9,174 | $17,675 | $18,148 | $20,893 | $23,836 | $26,506 | $28,104 | $28,903 | $31,869 | $35,863 | |
| Gross Margin | $18,688 | $22,965 | $26,726 | $28,325 | $29,653 | $32,908 | $37,464 | $41,994 | $44,996 | $46,498 | $49,631 | $57,138 | |
| Gross Margin % | 74.75% | 74.56% | 74.45% | 61.58% | 62.03% | 61.17% | 61.12% | 61.30% | 61.55% | 61.67% | 60.90% | 61.44% | |
| Expenses | |||||||||||||
| Payroll | $24,000 | $24,000 | $24,000 | $24,000 | $24,000 | $24,000 | $24,000 | $24,000 | $24,000 | $24,000 | $24,000 | $24,000 | |
| Sales and Marketing and Other Expenses | $5,000 | $5,000 | $5,000 | $1,000 | $1,000 | $800 | $800 | $800 | $800 | $800 | $800 | $800 | |
| Depreciation | $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 | |
| Utilities | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | |
| Insurance | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 | |
| Rent | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | |
| Payroll Taxes | 15% | $3,600 | $3,600 | $3,600 | $3,600 | $3,600 | $3,600 | $3,600 | $3,600 | $3,600 | $3,600 | $3,600 | $3,600 |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Operating Expenses | $37,600 | $37,600 | $37,600 | $33,600 | $33,600 | $33,400 | $33,400 | $33,400 | $33,400 | $33,400 | $33,400 | $33,400 | |
| Profit Before Interest and Taxes | ($18,913) | ($14,635) | ($10,874) | ($5,275) | ($3,948) | ($493) | $4,064 | $8,594 | $11,596 | $13,098 | $16,231 | $23,738 | |
| EBITDA | ($18,913) | ($14,635) | ($10,874) | ($5,275) | ($3,948) | ($493) | $4,064 | $8,594 | $11,596 | $13,098 | $16,231 | $23,738 | |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Taxes Incurred | ($5,674) | ($4,391) | ($3,262) | ($1,583) | ($1,184) | ($148) | $1,219 | $2,578 | $3,479 | $3,929 | $4,869 | $7,121 | |
| Net Profit | ($13,239) | ($10,245) | ($7,612) | ($3,693) | ($2,763) | ($345) | $2,845 | $6,016 | $8,117 | $9,168 | $11,362 | $16,616 | |
| Net Profit/Sales | -52.96% | -33.26% | -21.20% | -8.03% | -5.78% | -0.64% | 4.64% | 8.78% | 11.10% | 12.16% | 13.94% | 17.87% | |
| 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 | $25,000 | $30,800 | $35,900 | $46,000 | $47,800 | $53,800 | $61,300 | $68,500 | $73,100 | $75,400 | $81,500 | $93,000 | |
| Subtotal Cash from Operations | $25,000 | $30,800 | $35,900 | $46,000 | $47,800 | $53,800 | $61,300 | $68,500 | $73,100 | $75,400 | $81,500 | $93,000 | |
| 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 | $25,000 | $30,800 | $35,900 | $46,000 | $47,800 | $53,800 | $61,300 | $68,500 | $73,100 | $75,400 | $81,500 | $93,000 | |
| 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 | $24,000 | $24,000 | $24,000 | $24,000 | $24,000 | $24,000 | $24,000 | $24,000 | $24,000 | $24,000 | $24,000 | $24,000 | |
| Bill Payments | $475 | $14,332 | $17,127 | $19,718 | $25,722 | $26,683 | $30,288 | $34,590 | $38,568 | $41,024 | $42,362 | $46,346 | |
| Subtotal Spent on Operations | $24,475 | $38,332 | $41,127 | $43,718 | $49,722 | $50,683 | $54,288 | $58,590 | $62,568 | $65,024 | $66,362 | $70,346 | |
| 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 | $24,475 | $38,332 | $41,127 | $43,718 | $49,722 | $50,683 | $54,288 | $58,590 | $62,568 | $65,024 | $66,362 | $70,346 | |
| Net Cash Flow | $525 | ($7,532) | ($5,227) | $2,282 | ($1,922) | $3,117 | $7,012 | $9,910 | $10,532 | $10,376 | $15,138 | $22,654 | |
| Cash Balance | $149,725 | $142,193 | $136,966 | $139,249 | $137,327 | $140,445 | $147,456 | $157,366 | $167,899 | $178,275 | $193,413 | $216,066 | |
| 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 | $149,200 | $149,725 | $142,193 | $136,966 | $139,249 | $137,327 | $140,445 | $147,456 | $157,366 | $167,899 | $178,275 | $193,413 | $216,066 |
| Other Current Assets | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 |
| Total Current Assets | $159,200 | $159,725 | $152,193 | $146,966 | $149,249 | $147,327 | $150,445 | $157,456 | $167,366 | $177,899 | $188,275 | $203,413 | $226,066 |
| Long-term Assets | |||||||||||||
| Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accumulated Depreciation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $159,200 | $159,725 | $152,193 | $146,966 | $149,249 | $147,327 | $150,445 | $157,456 | $167,366 | $177,899 | $188,275 | $203,413 | $226,066 |
| 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 | $0 | $13,764 | $16,476 | $18,861 | $24,836 | $25,678 | $29,140 | $33,307 | $37,202 | $39,617 | $40,824 | $44,600 | $50,638 |
| 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 | $0 | $13,764 | $16,476 | $18,861 | $24,836 | $25,678 | $29,140 | $33,307 | $37,202 | $39,617 | $40,824 | $44,600 | $50,638 |
| Long-term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $0 | $13,764 | $16,476 | $18,861 | $24,836 | $25,678 | $29,140 | $33,307 | $37,202 | $39,617 | $40,824 | $44,600 | $50,638 |
| Paid-in Capital | $300,000 | $300,000 | $300,000 | $300,000 | $300,000 | $300,000 | $300,000 | $300,000 | $300,000 | $300,000 | $300,000 | $300,000 | $300,000 |
| Retained Earnings | ($140,800) | ($140,800) | ($140,800) | ($140,800) | ($140,800) | ($140,800) | ($140,800) | ($140,800) | ($140,800) | ($140,800) | ($140,800) | ($140,800) | ($140,800) |
| Earnings | $0 | ($13,239) | ($23,483) | ($31,095) | ($34,787) | ($37,551) | ($37,895) | ($35,051) | ($29,035) | ($20,918) | ($11,750) | ($388) | $16,229 |
| Total Capital | $159,200 | $145,961 | $135,717 | $128,105 | $124,413 | $121,649 | $121,305 | $124,149 | $130,165 | $138,282 | $147,451 | $158,812 | $175,429 |
| Total Liabilities and Capital | $159,200 | $159,725 | $152,193 | $146,966 | $149,249 | $147,327 | $150,445 | $157,456 | $167,366 | $177,899 | $188,275 | $203,413 | $226,066 |
| Net Worth | $159,200 | $145,961 | $135,717 | $128,105 | $124,413 | $121,649 | $121,305 | $124,149 | $130,165 | $138,282 | $147,451 | $158,812 | $175,429 |
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