Pita Pal
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 | |||||||||||||
| Food | 0% | $0 | $0 | $3,248 | $3,939 | $4,828 | $4,577 | $4,044 | $4,348 | $5,430 | $6,148 | $6,346 | $5,454 |
| Beverages | 0% | $0 | $0 | $1,364 | $1,654 | $2,028 | $1,922 | $1,699 | $1,826 | $2,281 | $2,582 | $2,665 | $2,291 |
| Total Sales | $0 | $0 | $4,612 | $5,593 | $6,855 | $6,499 | $5,743 | $6,174 | $7,711 | $8,730 | $9,011 | $7,745 | |
| 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 | |
| Food | $0 | $0 | $974 | $1,182 | $1,448 | $1,373 | $1,213 | $1,304 | $1,629 | $1,844 | $1,904 | $1,636 | |
| Beverages | $0 | $0 | $273 | $331 | $406 | $384 | $340 | $365 | $456 | $516 | $533 | $458 | |
| Subtotal Direct Cost of Sales | $0 | $0 | $1,247 | $1,512 | $1,854 | $1,757 | $1,553 | $1,670 | $2,085 | $2,361 | $2,437 | $2,094 | |
| 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 | ||
| Steve | 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 |
| employee 1 | 0% | $0 | $0 | $900 | $900 | $900 | $900 | $900 | $900 | $900 | $900 | $900 | $900 |
| employee 2 | 0% | $0 | $0 | $900 | $900 | $900 | $900 | $900 | $900 | $900 | $900 | $900 | $900 |
| employee 3 | 0% | $0 | $0 | $0 | $0 | $900 | $900 | $900 | $900 | $900 | $900 | $900 | $900 |
| employee 4 | 0% | $0 | $0 | $0 | $0 | $0 | $0 | $900 | $900 | $900 | $900 | $900 | $900 |
| Total People | 1 | 1 | 3 | 3 | 4 | 4 | 5 | 5 | 5 | 5 | 5 | 5 | |
| Total Payroll | $2,000 | $2,000 | $3,800 | $3,800 | $4,700 | $4,700 | $5,600 | $5,600 | $5,600 | $5,600 | $5,600 | $5,600 | |
| 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 | $0 | $0 | $4,612 | $5,593 | $6,855 | $6,499 | $5,743 | $6,174 | $7,711 | $8,730 | $9,011 | $7,745 | |
| Direct Cost of Sales | $0 | $0 | $1,247 | $1,512 | $1,854 | $1,757 | $1,553 | $1,670 | $2,085 | $2,361 | $2,437 | $2,094 | |
| Other Costs of Goods | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Cost of Sales | $0 | $0 | $1,247 | $1,512 | $1,854 | $1,757 | $1,553 | $1,670 | $2,085 | $2,361 | $2,437 | $2,094 | |
| Gross Margin | $0 | $0 | $3,365 | $4,081 | $5,001 | $4,742 | $4,190 | $4,505 | $5,626 | $6,369 | $6,574 | $5,650 | |
| Gross Margin % | 0.00% | 0.00% | 72.96% | 72.96% | 72.96% | 72.96% | 72.96% | 72.96% | 72.96% | 72.96% | 72.96% | 72.96% | |
| Expenses | |||||||||||||
| Payroll | $2,000 | $2,000 | $3,800 | $3,800 | $4,700 | $4,700 | $5,600 | $5,600 | $5,600 | $5,600 | $5,600 | $5,600 | |
| Sales and Marketing and Other Expenses | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | |
| Depreciation | $417 | $417 | $417 | $417 | $417 | $417 | $417 | $417 | $417 | $417 | $417 | $417 | |
| Rent | $750 | $750 | $750 | $750 | $750 | $750 | $750 | $750 | $750 | $750 | $750 | $750 | |
| Utilities | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | |
| Insurance | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | |
| Payroll Taxes | 15% | $300 | $300 | $570 | $570 | $705 | $705 | $840 | $840 | $840 | $840 | $840 | $840 |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Operating Expenses | $4,217 | $4,217 | $6,287 | $6,287 | $7,322 | $7,322 | $8,357 | $8,357 | $8,357 | $8,357 | $8,357 | $8,357 | |
| Profit Before Interest and Taxes | ($4,217) | ($4,217) | ($2,922) | ($2,206) | ($2,321) | ($2,580) | ($4,167) | ($3,852) | ($2,731) | ($1,988) | ($1,783) | ($2,707) | |
| EBITDA | ($3,800) | ($3,800) | ($2,505) | ($1,789) | ($1,904) | ($2,163) | ($3,750) | ($3,435) | ($2,314) | ($1,571) | ($1,366) | ($2,290) | |
| 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 | ($4,217) | ($4,217) | ($2,922) | ($2,206) | ($2,321) | ($2,580) | ($4,167) | ($3,852) | ($2,731) | ($1,988) | ($1,783) | ($2,707) | |
| Net Profit/Sales | 0.00% | 0.00% | -63.36% | -39.45% | -33.85% | -39.70% | -72.56% | -62.40% | -35.42% | -22.77% | -19.79% | -34.95% | |
| 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 | $0 | $4,612 | $5,593 | $6,855 | $6,499 | $5,743 | $6,174 | $7,711 | $8,730 | $9,011 | $7,745 | |
| Subtotal Cash from Operations | $0 | $0 | $4,612 | $5,593 | $6,855 | $6,499 | $5,743 | $6,174 | $7,711 | $8,730 | $9,011 | $7,745 | |
| 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 | $0 | $4,612 | $5,593 | $6,855 | $6,499 | $5,743 | $6,174 | $7,711 | $8,730 | $9,011 | $7,745 | |
| 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 | $2,000 | $2,000 | $3,800 | $3,800 | $4,700 | $4,700 | $5,600 | $5,600 | $5,600 | $5,600 | $5,600 | $5,600 | |
| Bill Payments | $60 | $1,800 | $1,851 | $3,326 | $3,598 | $4,056 | $3,960 | $3,897 | $4,023 | $4,434 | $4,703 | $4,765 | |
| Subtotal Spent on Operations | $2,060 | $3,800 | $5,651 | $7,126 | $8,298 | $8,756 | $9,560 | $9,497 | $9,623 | $10,034 | $10,303 | $10,365 | |
| 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 | $2,060 | $3,800 | $5,651 | $7,126 | $8,298 | $8,756 | $9,560 | $9,497 | $9,623 | $10,034 | $10,303 | $10,365 | |
| Net Cash Flow | ($2,060) | ($3,800) | ($1,038) | ($1,533) | ($1,443) | ($2,257) | ($3,817) | ($3,323) | ($1,912) | ($1,305) | ($1,292) | ($2,621) | |
| Cash Balance | $32,440 | $28,640 | $27,602 | $26,069 | $24,625 | $22,369 | $18,552 | $15,229 | $13,317 | $12,012 | $10,719 | $8,099 | |
| 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 | $34,500 | $32,440 | $28,640 | $27,602 | $26,069 | $24,625 | $22,369 | $18,552 | $15,229 | $13,317 | $12,012 | $10,719 | $8,099 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $34,500 | $32,440 | $28,640 | $27,602 | $26,069 | $24,625 | $22,369 | $18,552 | $15,229 | $13,317 | $12,012 | $10,719 | $8,099 |
| Long-term Assets | |||||||||||||
| Long-term Assets | $25,000 | $25,000 | $25,000 | $25,000 | $25,000 | $25,000 | $25,000 | $25,000 | $25,000 | $25,000 | $25,000 | $25,000 | $25,000 |
| Accumulated Depreciation | $0 | $417 | $834 | $1,251 | $1,668 | $2,085 | $2,502 | $2,919 | $3,336 | $3,753 | $4,170 | $4,587 | $5,004 |
| Total Long-term Assets | $25,000 | $24,583 | $24,166 | $23,749 | $23,332 | $22,915 | $22,498 | $22,081 | $21,664 | $21,247 | $20,830 | $20,413 | $19,996 |
| Total Assets | $59,500 | $57,023 | $52,806 | $51,351 | $49,401 | $47,541 | $44,867 | $40,633 | $36,893 | $34,564 | $32,842 | $31,133 | $28,095 |
| 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 | $1,740 | $1,740 | $3,207 | $3,463 | $3,924 | $3,830 | $3,763 | $3,876 | $4,278 | $4,544 | $4,617 | $4,287 |
| 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 | $1,740 | $1,740 | $3,207 | $3,463 | $3,924 | $3,830 | $3,763 | $3,876 | $4,278 | $4,544 | $4,617 | $4,287 |
| Long-term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $0 | $1,740 | $1,740 | $3,207 | $3,463 | $3,924 | $3,830 | $3,763 | $3,876 | $4,278 | $4,544 | $4,617 | $4,287 |
| Paid-in Capital | $65,000 | $65,000 | $65,000 | $65,000 | $65,000 | $65,000 | $65,000 | $65,000 | $65,000 | $65,000 | $65,000 | $65,000 | $65,000 |
| Retained Earnings | ($5,500) | ($5,500) | ($5,500) | ($5,500) | ($5,500) | ($5,500) | ($5,500) | ($5,500) | ($5,500) | ($5,500) | ($5,500) | ($5,500) | ($5,500) |
| Earnings | $0 | ($4,217) | ($8,434) | ($11,356) | ($13,562) | ($15,883) | ($18,463) | ($22,630) | ($26,483) | ($29,214) | ($31,202) | ($32,985) | ($35,691) |
| Total Capital | $59,500 | $55,283 | $51,066 | $48,144 | $45,938 | $43,617 | $41,037 | $36,870 | $33,017 | $30,286 | $28,298 | $26,515 | $23,809 |
| Total Liabilities and Capital | $59,500 | $57,023 | $52,806 | $51,351 | $49,401 | $47,541 | $44,867 | $40,633 | $36,893 | $34,564 | $32,842 | $31,133 | $28,095 |
| Net Worth | $59,500 | $55,283 | $51,066 | $48,144 | $45,938 | $43,617 | $41,037 | $36,870 | $33,017 | $30,286 | $28,298 | $26,515 | $23,809 |
By 
