Galerie de Beaute
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 | |||||||||||||
| Salon Suites | 0% | $5,850 | $6,786 | $7,872 | $9,131 | $10,592 | $12,287 | $14,253 | $16,533 | $17,550 | $17,550 | $17,550 | $17,550 |
| Nail Technician Suites | 0% | $975 | $1,950 | $1,950 | $1,950 | $1,950 | $1,950 | $1,950 | $1,950 | $1,950 | $1,950 | $1,950 | $1,950 |
| Massage Suites | 0% | $0 | $975 | $975 | $975 | $975 | $975 | $975 | $975 | $975 | $975 | $975 | $975 |
| Facial Suites | 0% | $0 | $0 | $0 | $975 | $975 | $975 | $975 | $975 | $975 | $975 | $975 | $975 |
| Barber Suites | 0% | $0 | $975 | $975 | $0 | $1,950 | $1,950 | $1,950 | $1,950 | $1,950 | $1,950 | $1,950 | $1,950 |
| Total Sales | $6,825 | $10,686 | $11,772 | $13,031 | $16,442 | $18,137 | $20,103 | $22,383 | $23,400 | $23,400 | $23,400 | $23,400 | |
| 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 | |
| Salon Suites | $625 | $688 | $750 | $813 | $875 | $938 | $1,000 | $1,063 | $1,125 | $1,125 | $1,125 | $1,125 | |
| Massage Suites | $0 | $63 | $63 | $63 | $63 | $63 | $63 | $63 | $63 | $63 | $63 | $63 | |
| Facial Suites | $0 | $0 | $0 | $63 | $35 | $35 | $63 | $63 | $63 | $63 | $63 | $63 | |
| Barber Suites | $0 | $63 | $63 | $63 | $126 | $126 | $126 | $126 | $126 | $126 | $126 | $126 | |
| Nail Technician Suites | $35 | $126 | $126 | $126 | $126 | $126 | $126 | $126 | $126 | $126 | $126 | $126 | |
| Subtotal Direct Cost of Sales | $660 | $939 | $1,001 | $1,126 | $1,225 | $1,287 | $1,377 | $1,440 | $1,502 | $1,502 | $1,502 | $1,502 | |
| 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 | ||
| Curley Lockes/Manager | 0% | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 |
| Marcela Wave/Manager | 0% | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 |
| Other | 0% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total People | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | |
| Total Payroll | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | |
| 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 | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | |
| Long-term Interest Rate | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | |
| 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 | $6,825 | $10,686 | $11,772 | $13,031 | $16,442 | $18,137 | $20,103 | $22,383 | $23,400 | $23,400 | $23,400 | $23,400 | |
| Direct Cost of Sales | $660 | $939 | $1,001 | $1,126 | $1,225 | $1,287 | $1,377 | $1,440 | $1,502 | $1,502 | $1,502 | $1,502 | |
| Other Costs of Sales | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Cost of Sales | $660 | $939 | $1,001 | $1,126 | $1,225 | $1,287 | $1,377 | $1,440 | $1,502 | $1,502 | $1,502 | $1,502 | |
| Gross Margin | $6,165 | $9,748 | $10,771 | $11,905 | $15,218 | $16,850 | $18,726 | $20,944 | $21,898 | $21,898 | $21,898 | $21,898 | |
| Gross Margin % | 90.33% | 91.22% | 91.50% | 91.36% | 92.55% | 92.90% | 93.15% | 93.57% | 93.58% | 93.58% | 93.58% | 93.58% | |
| Expenses | |||||||||||||
| Payroll | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | |
| Sales and Marketing and Other Expenses | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | |
| Depreciation | $800 | $800 | $800 | $800 | $800 | $800 | $800 | $800 | $800 | $800 | $800 | $800 | |
| Rent | $3,993 | $3,993 | $3,993 | $3,993 | $3,993 | $3,993 | $3,993 | $3,993 | $3,993 | $3,993 | $3,993 | $3,993 | |
| Utilities | $1,400 | $1,400 | $1,400 | $1,800 | $2,100 | $2,800 | $2,800 | $3,150 | $3,150 | $3,150 | $3,150 | $3,150 | |
| Insurance | $125 | $125 | $125 | $125 | $125 | $125 | $125 | $125 | $125 | $125 | $125 | $125 | |
| Maintenance Contract | 0% | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 |
| Triple Net Lease Fees | $2/sqft | $800 | $800 | $800 | $800 | $800 | $800 | $800 | $800 | $800 | $800 | $800 | $800 |
| Payroll Taxes | 15% | $675 | $675 | $675 | $675 | $675 | $675 | $675 | $675 | $675 | $675 | $675 | $675 |
| Other | $225 | $225 | $225 | $225 | $225 | $225 | $225 | $225 | $225 | $225 | $225 | $225 | |
| Total Operating Expenses | $12,818 | $12,818 | $12,818 | $13,218 | $13,518 | $14,218 | $14,218 | $14,568 | $14,568 | $14,568 | $14,568 | $14,568 | |
| Profit Before Interest and Taxes | ($6,653) | ($3,071) | ($2,047) | ($1,313) | $1,700 | $2,632 | $4,508 | $6,376 | $7,330 | $7,330 | $7,330 | $7,330 | |
| EBITDA | ($5,853) | ($2,271) | ($1,247) | ($513) | $2,500 | $3,432 | $5,308 | $7,176 | $8,130 | $8,130 | $8,130 | $8,130 | |
| Interest Expense | $578 | $572 | $566 | $560 | $554 | $548 | $543 | $537 | $531 | $525 | $519 | $513 | |
| Taxes Incurred | ($2,169) | ($1,093) | ($784) | ($562) | $344 | $625 | $1,190 | $1,752 | $2,040 | $2,042 | $2,043 | $2,045 | |
| Net Profit | ($5,061) | ($2,550) | ($1,829) | ($1,311) | $802 | $1,459 | $2,776 | $4,087 | $4,759 | $4,764 | $4,768 | $4,772 | |
| Net Profit/Sales | -74.16% | -23.86% | -15.54% | -10.06% | 4.88% | 8.04% | 13.81% | 18.26% | 20.34% | 20.36% | 20.37% | 20.39% | |
| 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 | $6,825 | $10,686 | $11,772 | $13,031 | $16,442 | $18,137 | $20,103 | $22,383 | $23,400 | $23,400 | $23,400 | $23,400 | |
| Subtotal Cash from Operations | $6,825 | $10,686 | $11,772 | $13,031 | $16,442 | $18,137 | $20,103 | $22,383 | $23,400 | $23,400 | $23,400 | $23,400 | |
| 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 | $6,825 | $10,686 | $11,772 | $13,031 | $16,442 | $18,137 | $20,103 | $22,383 | $23,400 | $23,400 | $23,400 | $23,400 | |
| 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 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | |
| Bill Payments | $236 | $7,131 | $8,448 | $8,826 | $9,585 | $10,875 | $11,900 | $12,559 | $13,507 | $13,840 | $13,836 | $13,832 | |
| Subtotal Spent on Operations | $4,236 | $11,131 | $12,448 | $12,826 | $13,585 | $14,875 | $15,900 | $16,559 | $17,507 | $17,840 | $17,836 | $17,832 | |
| 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 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | |
| 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 | $5,236 | $12,131 | $13,448 | $13,826 | $14,585 | $15,875 | $16,900 | $17,559 | $18,507 | $18,840 | $18,836 | $18,832 | |
| Net Cash Flow | $1,589 | ($1,445) | ($1,676) | ($794) | $1,857 | $2,262 | $3,203 | $4,824 | $4,893 | $4,560 | $4,564 | $4,568 | |
| Cash Balance | $41,589 | $40,144 | $38,468 | $37,673 | $39,530 | $41,792 | $44,995 | $49,819 | $54,712 | $59,271 | $63,835 | $68,403 | |
| 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 | $40,000 | $41,589 | $40,144 | $38,468 | $37,673 | $39,530 | $41,792 | $44,995 | $49,819 | $54,712 | $59,271 | $63,835 | $68,403 |
| Other Current Assets | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 |
| Total Current Assets | $42,000 | $43,589 | $42,144 | $40,468 | $39,673 | $41,530 | $43,792 | $46,995 | $51,819 | $56,712 | $61,271 | $65,835 | $70,403 |
| Long-term Assets | |||||||||||||
| Long-term Assets | $44,000 | $44,000 | $44,000 | $44,000 | $44,000 | $44,000 | $44,000 | $44,000 | $44,000 | $44,000 | $44,000 | $44,000 | $44,000 |
| Accumulated Depreciation | $0 | $800 | $1,600 | $2,400 | $3,200 | $4,000 | $4,800 | $5,600 | $6,400 | $7,200 | $8,000 | $8,800 | $9,600 |
| Total Long-term Assets | $44,000 | $43,200 | $42,400 | $41,600 | $40,800 | $40,000 | $39,200 | $38,400 | $37,600 | $36,800 | $36,000 | $35,200 | $34,400 |
| Total Assets | $86,000 | $86,789 | $84,544 | $82,068 | $80,473 | $81,530 | $82,992 | $85,395 | $89,419 | $93,512 | $97,271 | $101,035 | $104,803 |
| 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 | $6,850 | $8,154 | $8,508 | $9,224 | $10,479 | $11,482 | $12,110 | $13,046 | $13,379 | $13,375 | $13,371 | $13,367 |
| 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 | $6,850 | $8,154 | $8,508 | $9,224 | $10,479 | $11,482 | $12,110 | $13,046 | $13,379 | $13,375 | $13,371 | $13,367 |
| Long-term Liabilities | $100,000 | $99,000 | $98,000 | $97,000 | $96,000 | $95,000 | $94,000 | $93,000 | $92,000 | $91,000 | $90,000 | $89,000 | $88,000 |
| Total Liabilities | $100,000 | $105,850 | $106,154 | $105,508 | $105,224 | $105,479 | $105,482 | $105,110 | $105,046 | $104,379 | $103,375 | $102,371 | $101,367 |
| Paid-in Capital | $140,000 | $140,000 | $140,000 | $140,000 | $140,000 | $140,000 | $140,000 | $140,000 | $140,000 | $140,000 | $140,000 | $140,000 | $140,000 |
| Retained Earnings | ($154,000) | ($154,000) | ($154,000) | ($154,000) | ($154,000) | ($154,000) | ($154,000) | ($154,000) | ($154,000) | ($154,000) | ($154,000) | ($154,000) | ($154,000) |
| Earnings | $0 | ($5,061) | ($7,611) | ($9,440) | ($10,751) | ($9,949) | ($8,490) | ($5,714) | ($1,627) | $3,132 | $7,896 | $12,663 | $17,435 |
| Total Capital | ($14,000) | ($19,061) | ($21,611) | ($23,440) | ($24,751) | ($23,949) | ($22,490) | ($19,714) | ($15,627) | ($10,868) | ($6,104) | ($1,337) | $3,435 |
| Total Liabilities and Capital | $86,000 | $86,789 | $84,544 | $82,068 | $80,473 | $81,530 | $82,992 | $85,395 | $89,419 | $93,512 | $97,271 | $101,035 | $104,803 |
| Net Worth | ($14,000) | ($19,061) | ($21,611) | ($23,440) | ($24,751) | ($23,949) | ($22,490) | ($19,714) | ($15,627) | ($10,868) | ($6,104) | ($1,337) | $3,435 |
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