Play Time for Kids
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 | ||
Sales | |||||||||||||
Birthday party A | 0% | $15,200 | $15,504 | $15,814 | $16,130 | $16,453 | $16,782 | $17,118 | $17,460 | $17,809 | $18,165 | $18,529 | $18,899 |
Birthday Party B | 0% | $21,600 | $22,032 | $22,473 | $22,922 | $23,381 | $23,848 | $24,325 | $24,812 | $25,308 | $25,814 | $26,330 | $26,857 |
Free Play with parents | 0% | $1,360 | $1,387 | $1,415 | $1,443 | $1,472 | $1,502 | $1,532 | $1,562 | $1,593 | $1,625 | $1,658 | $1,691 |
Membership fee | 0% | $1,500 | $1,545 | $1,591 | $1,639 | $1,688 | $1,739 | $1,791 | $1,845 | $1,900 | $1,957 | $2,016 | $2,076 |
Drop-in Playcare | 0% | $2,250 | $2,295 | $2,341 | $2,388 | $2,435 | $2,484 | $2,534 | $2,585 | $2,636 | $2,689 | $2,743 | $2,798 |
Total Sales | $41,910 | $42,763 | $43,634 | $44,523 | $45,429 | $46,355 | $47,299 | $48,263 | $49,247 | $50,251 | $51,275 | $52,321 | |
Direct Cost of Sales | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
Birthday Paper Products | 10% | $3,680 | $3,754 | $3,829 | $3,905 | $3,983 | $4,063 | $4,144 | $4,227 | $4,312 | $4,398 | $4,486 | $4,576 |
Birthday foods and beverages | 7% | $2,576 | $2,628 | $2,680 | $2,734 | $2,788 | $2,844 | $2,901 | $2,959 | $3,018 | $3,079 | $3,140 | $3,203 |
Media Rental for Parties (movies, karaoke) | 13% | $4,784 | $4,880 | $4,977 | $5,077 | $5,178 | $5,282 | $5,388 | $5,495 | $5,605 | $5,717 | $5,832 | $5,948 |
CDs for Parties | $20 | $20 | $20 | $20 | $20 | $20 | $20 | $20 | $20 | $20 | $20 | $20 | |
Costume Rentals | 1% | $184 | $188 | $191 | $195 | $199 | $203 | $207 | $211 | $216 | $220 | $224 | $229 |
Cakes | 5% | $1,840 | $1,877 | $1,914 | $1,953 | $1,992 | $2,032 | $2,072 | $2,114 | $2,156 | $2,199 | $2,243 | $2,288 |
Subtotal Direct Cost of Sales | $13,084 | $13,345 | $13,612 | $13,884 | $14,161 | $14,444 | $14,732 | $15,026 | $15,327 | $15,633 | $15,945 | $16,263 |
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 | ||
Carry Tayker | 2% | $1,026 | $1,036 | $1,046 | $1,057 | $1,067 | $1,078 | $1,089 | $1,100 | $1,111 | $1,122 | $1,133 | $1,144 |
Wanda Magic | 2% | $1,109 | $1,120 | $1,132 | $1,143 | $1,154 | $1,166 | $1,178 | $1,189 | $1,201 | $1,213 | $1,225 | $1,238 |
Manager | 5% | $3,167 | $3,167 | $3,167 | $3,167 | $3,167 | $3,167 | $3,167 | $3,167 | $3,167 | $3,167 | $3,167 | $3,167 |
Full-time child-care workers | 3% | $13,200 | $13,200 | $13,200 | $13,200 | $13,200 | $13,200 | $13,200 | $13,200 | $13,200 | $13,200 | $13,200 | $13,200 |
Part-time child-care workers | 3% | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 |
Future child-care employees | 3% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Total People | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | |
Total Payroll | $22,502 | $22,523 | $22,545 | $22,566 | $22,588 | $22,611 | $22,633 | $22,656 | $22,679 | $22,702 | $22,725 | $22,749 |
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 | $41,910 | $42,763 | $43,634 | $44,523 | $45,429 | $46,355 | $47,299 | $48,263 | $49,247 | $50,251 | $51,275 | $52,321 | |
Direct Cost of Sales | $13,084 | $13,345 | $13,612 | $13,884 | $14,161 | $14,444 | $14,732 | $15,026 | $15,327 | $15,633 | $15,945 | $16,263 | |
Other Costs of Sales | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | |
Total Cost of Sales | $13,134 | $13,395 | $13,662 | $13,934 | $14,211 | $14,494 | $14,782 | $15,076 | $15,377 | $15,683 | $15,995 | $16,313 | |
Gross Margin | $28,776 | $29,368 | $29,972 | $30,589 | $31,218 | $31,861 | $32,517 | $33,187 | $33,870 | $34,568 | $35,280 | $36,008 | |
Gross Margin % | 68.66% | 68.68% | 68.69% | 68.70% | 68.72% | 68.73% | 68.75% | 68.76% | 68.78% | 68.79% | 68.81% | 68.82% | |
Expenses | |||||||||||||
Payroll | $22,502 | $22,523 | $22,545 | $22,566 | $22,588 | $22,611 | $22,633 | $22,656 | $22,679 | $22,702 | $22,725 | $22,749 | |
Marketing/Promotion | $333 | $333 | $333 | $333 | $333 | $333 | $333 | $333 | $333 | $333 | $333 | $333 | |
Depreciation | $8 | $8 | $8 | $8 | $8 | $8 | $8 | $8 | $8 | $8 | $8 | $8 | |
Rent | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | |
Utilities | $1,200 | $1,212 | $1,224 | $1,236 | $1,249 | $1,261 | $1,274 | $1,287 | $1,299 | $1,312 | $1,326 | $1,339 | |
Insurance | $483 | $483 | $483 | $483 | $483 | $483 | $483 | $483 | $483 | $483 | $483 | $483 | |
Payroll Taxes | 15% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Other | $333 | $333 | $333 | $333 | $333 | $333 | $333 | $333 | $333 | $333 | $333 | $333 | |
Total Operating Expenses | $29,860 | $29,893 | $29,927 | $29,961 | $29,996 | $30,030 | $30,065 | $30,101 | $30,136 | $30,173 | $30,209 | $30,246 | |
Profit Before Interest and Taxes | ($1,084) | ($526) | $45 | $628 | $1,223 | $1,831 | $2,452 | $3,086 | $3,734 | $4,396 | $5,071 | $5,762 | |
EBITDA | ($1,076) | ($517) | $53 | $636 | $1,231 | $1,839 | $2,460 | $3,094 | $3,742 | $4,404 | $5,080 | $5,770 | |
Interest Expense | $719 | $703 | $687 | $671 | $655 | $639 | $623 | $607 | $591 | $575 | $559 | $543 | |
Taxes Incurred | ($541) | ($369) | ($193) | ($13) | $170 | $357 | $549 | $744 | $943 | $1,146 | $1,354 | $1,566 | |
Net Profit | ($1,262) | ($860) | ($450) | ($31) | $397 | $834 | $1,280 | $1,735 | $2,200 | $2,674 | $3,158 | $3,653 | |
Net Profit/Sales | -3.01% | -2.01% | -1.03% | -0.07% | 0.87% | 1.80% | 2.71% | 3.60% | 4.47% | 5.32% | 6.16% | 6.98% |
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 | $41,910 | $42,763 | $43,634 | $44,523 | $45,429 | $46,355 | $47,299 | $48,263 | $49,247 | $50,251 | $51,275 | $52,321 | |
Subtotal Cash from Operations | $41,910 | $42,763 | $43,634 | $44,523 | $45,429 | $46,355 | $47,299 | $48,263 | $49,247 | $50,251 | $51,275 | $52,321 | |
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 | $41,910 | $42,763 | $43,634 | $44,523 | $45,429 | $46,355 | $47,299 | $48,263 | $49,247 | $50,251 | $51,275 | $52,321 | |
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 | $22,502 | $22,523 | $22,545 | $22,566 | $22,588 | $22,611 | $22,633 | $22,656 | $22,679 | $22,702 | $22,725 | $22,749 | |
Bill Payments | $10,487 | $20,425 | $21,326 | $21,769 | $22,222 | $22,684 | $23,156 | $23,637 | $24,129 | $24,630 | $25,142 | $25,665 | |
Subtotal Spent on Operations | $32,988 | $42,948 | $43,871 | $44,336 | $44,810 | $45,295 | $45,789 | $46,293 | $46,807 | $47,332 | $47,867 | $48,414 | |
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 | $1,388 | $1,388 | $1,388 | $1,388 | $1,388 | $1,388 | $1,388 | $1,388 | $1,388 | $1,388 | $1,388 | $1,388 | |
Other Liabilities Principal Repayment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Long-term Liabilities Principal Repayment | $532 | $532 | $532 | $532 | $532 | $532 | $532 | $532 | $532 | $532 | $532 | $533 | |
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 | $34,908 | $44,868 | $45,791 | $46,256 | $46,730 | $47,215 | $47,709 | $48,213 | $48,727 | $49,252 | $49,787 | $50,335 | |
Net Cash Flow | $7,002 | ($2,105) | ($2,157) | ($1,733) | ($1,301) | ($860) | ($410) | $50 | $520 | $999 | $1,488 | $1,986 | |
Cash Balance | $72,002 | $69,897 | $67,740 | $66,007 | $64,706 | $63,846 | $63,436 | $63,486 | $64,006 | $65,005 | $66,493 | $68,479 |
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 | $65,000 | $72,002 | $69,897 | $67,740 | $66,007 | $64,706 | $63,846 | $63,436 | $63,486 | $64,006 | $65,005 | $66,493 | $68,479 |
Inventory | $1,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Other Current Assets | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 |
Total Current Assets | $68,500 | $74,502 | $72,397 | $70,240 | $68,507 | $67,206 | $66,346 | $65,936 | $65,986 | $66,506 | $67,505 | $68,993 | $70,979 |
Long-term Assets | |||||||||||||
Long-term Assets | $14,000 | $14,000 | $14,000 | $14,000 | $14,000 | $14,000 | $14,000 | $14,000 | $14,000 | $14,000 | $14,000 | $14,000 | $14,000 |
Accumulated Depreciation | $0 | $8 | $17 | $25 | $33 | $42 | $50 | $58 | $67 | $75 | $83 | $92 | $100 |
Total Long-term Assets | $14,000 | $13,992 | $13,983 | $13,975 | $13,967 | $13,958 | $13,950 | $13,942 | $13,933 | $13,925 | $13,917 | $13,908 | $13,900 |
Total Assets | $82,500 | $88,493 | $86,380 | $84,215 | $82,474 | $81,164 | $80,296 | $79,878 | $79,920 | $80,431 | $81,422 | $82,901 | $84,879 |
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 | $9,176 | $9,843 | $10,048 | $10,257 | $10,470 | $10,687 | $10,910 | $11,137 | $11,368 | $11,604 | $11,846 | $12,092 |
Current Borrowing | $50,000 | $48,612 | $47,224 | $45,836 | $44,448 | $43,060 | $41,672 | $40,284 | $38,896 | $37,508 | $36,120 | $34,732 | $33,344 |
Other Current Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Subtotal Current Liabilities | $50,000 | $57,788 | $57,067 | $55,884 | $54,705 | $53,530 | $52,359 | $51,194 | $50,033 | $48,876 | $47,724 | $46,578 | $45,436 |
Long-term Liabilities | $38,250 | $37,718 | $37,186 | $36,654 | $36,122 | $35,590 | $35,058 | $34,526 | $33,994 | $33,462 | $32,930 | $32,398 | $31,865 |
Total Liabilities | $88,250 | $95,506 | $94,253 | $92,538 | $90,827 | $89,120 | $87,417 | $85,720 | $84,027 | $82,338 | $80,654 | $78,976 | $77,301 |
Paid-in Capital | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 |
Retained Earnings | ($55,750) | ($55,750) | ($55,750) | ($55,750) | ($55,750) | ($55,750) | ($55,750) | ($55,750) | ($55,750) | ($55,750) | ($55,750) | ($55,750) | ($55,750) |
Earnings | $0 | ($1,262) | ($2,123) | ($2,572) | ($2,603) | ($2,206) | ($1,372) | ($92) | $1,643 | $3,843 | $6,517 | $9,676 | $13,328 |
Total Capital | ($5,750) | ($7,012) | ($7,873) | ($8,322) | ($8,353) | ($7,956) | ($7,122) | ($5,842) | ($4,107) | ($1,907) | $767 | $3,926 | $7,578 |
Total Liabilities and Capital | $82,500 | $88,493 | $86,380 | $84,215 | $82,474 | $81,164 | $80,296 | $79,878 | $79,920 | $80,431 | $81,422 | $82,901 | $84,879 |
Net Worth | ($5,750) | ($7,012) | ($7,873) | ($8,322) | ($8,353) | ($7,956) | ($7,122) | ($5,842) | ($4,107) | ($1,907) | $767 | $3,926 | $7,578 |