McKenzie Roller Rink
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 | |||||||||||||
Skate Rental & Sales | 0% | $4,000 | $5,000 | $7,000 | $7,000 | $7,000 | $5,000 | $5,000 | $5,000 | $7,000 | $7,000 | $7,000 | $7,000 |
Skating | 0% | $14,000 | $15,000 | $18,000 | $18,000 | $18,000 | $14,000 | $14,000 | $14,000 | $18,000 | $18,000 | $18,000 | $18,000 |
Concessions | 0% | $10,000 | $11,000 | $12,000 | $12,000 | $12,000 | $10,000 | $10,000 | $10,000 | $12,000 | $12,000 | $12,000 | $12,000 |
Total Sales | $28,000 | $31,000 | $37,000 | $37,000 | $37,000 | $29,000 | $29,000 | $29,000 | $37,000 | $37,000 | $37,000 | $37,000 | |
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 | |
Skate Rental & Sales | $800 | $100 | $140 | $140 | $140 | $100 | $100 | $100 | $140 | $140 | $140 | $140 | |
Skating | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Concessions | $3,000 | $3,300 | $3,600 | $3,600 | $3,600 | $3,000 | $3,000 | $3,000 | $3,600 | $3,600 | $3,600 | $3,600 | |
Subtotal Direct Cost of Sales | $3,800 | $3,400 | $3,740 | $3,740 | $3,740 | $3,100 | $3,100 | $3,100 | $3,740 | $3,740 | $3,740 | $3,740 |
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 | ||
Don Jones | 0% | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 |
David Barkley | 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 |
Paul Robins | 0% | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 |
Part Time | 0% | $900 | $900 | $900 | $900 | $900 | $900 | $900 | $900 | $900 | $900 | $900 | $900 |
Part Time | 0% | $900 | $900 | $900 | $900 | $900 | $900 | $900 | $900 | $900 | $900 | $900 | $900 |
Part Time | 0% | $900 | $900 | $900 | $900 | $900 | $900 | $900 | $900 | $900 | $900 | $900 | $900 |
Full Time | 0% | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 |
Full Time | 0% | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 |
Full Time | 0% | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 |
Total People | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | |
Total Payroll | $17,100 | $17,100 | $17,100 | $17,100 | $17,100 | $17,100 | $17,100 | $17,100 | $17,100 | $17,100 | $17,100 | $17,100 |
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 | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | |
Long-term Interest Rate | 15.00% | 15.00% | 15.00% | 15.00% | 15.00% | 15.00% | 15.00% | 15.00% | 15.00% | 15.00% | 15.00% | 15.00% | |
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 | $28,000 | $31,000 | $37,000 | $37,000 | $37,000 | $29,000 | $29,000 | $29,000 | $37,000 | $37,000 | $37,000 | $37,000 | |
Direct Cost of Sales | $3,800 | $3,400 | $3,740 | $3,740 | $3,740 | $3,100 | $3,100 | $3,100 | $3,740 | $3,740 | $3,740 | $3,740 | |
Other Costs of Goods | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Total Cost of Sales | $3,800 | $3,400 | $3,740 | $3,740 | $3,740 | $3,100 | $3,100 | $3,100 | $3,740 | $3,740 | $3,740 | $3,740 | |
Gross Margin | $24,200 | $27,600 | $33,260 | $33,260 | $33,260 | $25,900 | $25,900 | $25,900 | $33,260 | $33,260 | $33,260 | $33,260 | |
Gross Margin % | 86.43% | 89.03% | 89.89% | 89.89% | 89.89% | 89.31% | 89.31% | 89.31% | 89.89% | 89.89% | 89.89% | 89.89% | |
Expenses | |||||||||||||
Payroll | $17,100 | $17,100 | $17,100 | $17,100 | $17,100 | $17,100 | $17,100 | $17,100 | $17,100 | $17,100 | $17,100 | $17,100 | |
Sales and Marketing and Other Expenses | $4,000 | $4,000 | $4,500 | $4,500 | $4,500 | $3,000 | $3,000 | $3,000 | $4,500 | $5,000 | $5,000 | $5,000 | |
Depreciation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Rent | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | |
Utilities | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | |
Insurance | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | |
Payroll Taxes | 15% | $2,565 | $2,565 | $2,565 | $2,565 | $2,565 | $2,565 | $2,565 | $2,565 | $2,565 | $2,565 | $2,565 | $2,565 |
Other | $500 | $500 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $3,000 | $3,000 | $3,000 | |
Total Operating Expenses | $29,665 | $29,665 | $31,665 | $31,665 | $31,665 | $30,165 | $30,165 | $30,165 | $31,665 | $33,165 | $33,165 | $33,165 | |
Profit Before Interest and Taxes | ($5,465) | ($2,065) | $1,595 | $1,595 | $1,595 | ($4,265) | ($4,265) | ($4,265) | $1,595 | $95 | $95 | $95 | |
EBITDA | ($5,465) | ($2,065) | $1,595 | $1,595 | $1,595 | ($4,265) | ($4,265) | ($4,265) | $1,595 | $95 | $95 | $95 | |
Interest Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Taxes Incurred | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Net Profit | ($5,465) | ($2,065) | $1,595 | $1,595 | $1,595 | ($4,265) | ($4,265) | ($4,265) | $1,595 | $95 | $95 | $95 | |
Net Profit/Sales | -19.52% | -6.66% | 4.31% | 4.31% | 4.31% | -14.71% | -14.71% | -14.71% | 4.31% | 0.26% | 0.26% | 0.26% |
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 | $28,000 | $31,000 | $37,000 | $37,000 | $37,000 | $29,000 | $29,000 | $29,000 | $37,000 | $37,000 | $37,000 | $37,000 | |
Subtotal Cash from Operations | $28,000 | $31,000 | $37,000 | $37,000 | $37,000 | $29,000 | $29,000 | $29,000 | $37,000 | $37,000 | $37,000 | $37,000 | |
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 | $28,000 | $31,000 | $37,000 | $37,000 | $37,000 | $29,000 | $29,000 | $29,000 | $37,000 | $37,000 | $37,000 | $37,000 | |
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 | $17,100 | $17,100 | $17,100 | $17,100 | $17,100 | $17,100 | $17,100 | $17,100 | $17,100 | $17,100 | $17,100 | $17,100 | |
Bill Payments | $14,518 | $15,544 | $15,630 | $18,667 | $18,305 | $18,210 | $15,484 | $16,165 | $16,260 | $19,036 | $19,805 | $19,805 | |
Subtotal Spent on Operations | $31,618 | $32,644 | $32,730 | $35,767 | $35,405 | $35,310 | $32,584 | $33,265 | $33,360 | $36,136 | $36,905 | $36,905 | |
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 | $31,618 | $32,644 | $32,730 | $35,767 | $35,405 | $35,310 | $32,584 | $33,265 | $33,360 | $36,136 | $36,905 | $36,905 | |
Net Cash Flow | ($3,618) | ($1,644) | $4,270 | $1,233 | $1,595 | ($6,310) | ($3,584) | ($4,265) | $3,640 | $864 | $95 | $95 | |
Cash Balance | $90,382 | $88,738 | $93,007 | $94,241 | $95,836 | $89,526 | $85,941 | $81,676 | $85,316 | $86,181 | $86,276 | $86,371 |
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 | $94,000 | $90,382 | $88,738 | $93,007 | $94,241 | $95,836 | $89,526 | $85,941 | $81,676 | $85,316 | $86,181 | $86,276 | $86,371 |
Inventory | $5,000 | $4,180 | $3,740 | $4,114 | $4,114 | $4,114 | $3,410 | $3,410 | $3,410 | $4,114 | $4,114 | $4,114 | $4,114 |
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 | $101,000 | $96,562 | $94,478 | $99,121 | $100,355 | $101,950 | $94,936 | $91,351 | $87,086 | $91,430 | $92,295 | $92,390 | $92,485 |
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 | $101,000 | $96,562 | $94,478 | $99,121 | $100,355 | $101,950 | $94,936 | $91,351 | $87,086 | $91,430 | $92,295 | $92,390 | $92,485 |
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 | $14,000 | $15,027 | $15,008 | $18,056 | $17,695 | $17,695 | $14,946 | $15,626 | $15,626 | $18,375 | $19,145 | $19,145 | $19,145 |
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 | $14,000 | $15,027 | $15,008 | $18,056 | $17,695 | $17,695 | $14,946 | $15,626 | $15,626 | $18,375 | $19,145 | $19,145 | $19,145 |
Long-term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Total Liabilities | $14,000 | $15,027 | $15,008 | $18,056 | $17,695 | $17,695 | $14,946 | $15,626 | $15,626 | $18,375 | $19,145 | $19,145 | $19,145 |
Paid-in Capital | $120,000 | $120,000 | $120,000 | $120,000 | $120,000 | $120,000 | $120,000 | $120,000 | $120,000 | $120,000 | $120,000 | $120,000 | $120,000 |
Retained Earnings | ($33,000) | ($33,000) | ($33,000) | ($33,000) | ($33,000) | ($33,000) | ($33,000) | ($33,000) | ($33,000) | ($33,000) | ($33,000) | ($33,000) | ($33,000) |
Earnings | $0 | ($5,465) | ($7,530) | ($5,935) | ($4,340) | ($2,745) | ($7,010) | ($11,275) | ($15,540) | ($13,945) | ($13,850) | ($13,755) | ($13,660) |
Total Capital | $87,000 | $81,535 | $79,470 | $81,065 | $82,660 | $84,255 | $79,990 | $75,725 | $71,460 | $73,055 | $73,150 | $73,245 | $73,340 |
Total Liabilities and Capital | $101,000 | $96,562 | $94,478 | $99,121 | $100,355 | $101,950 | $94,936 | $91,351 | $87,086 | $91,430 | $92,295 | $92,390 | $92,485 |
Net Worth | $87,000 | $81,535 | $79,470 | $81,065 | $82,660 | $84,255 | $79,990 | $75,725 | $71,460 | $73,055 | $73,150 | $73,245 | $73,340 |