Colloquy Grog Shop
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 | |||||||||||||
| Drinks | 0% | $0 | $0 | $5,012 | $7,445 | $7,887 | $8,214 | $8,998 | $11,454 | $13,128 | $13,874 | $14,454 | $15,455 |
| Food | 0% | $0 | $0 | $3,308 | $4,914 | $5,205 | $5,421 | $5,939 | $7,560 | $8,664 | $9,157 | $9,540 | $10,200 |
| Total Sales | $0 | $0 | $8,320 | $12,359 | $13,092 | $13,635 | $14,937 | $19,014 | $21,792 | $23,031 | $23,994 | $25,655 | |
| 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 | |
| Drinks | $0 | $0 | $1,253 | $1,861 | $1,972 | $2,054 | $2,250 | $2,864 | $3,282 | $3,469 | $3,614 | $3,864 | |
| Food | $0 | $0 | $1,389 | $2,064 | $2,186 | $2,277 | $2,494 | $3,175 | $3,639 | $3,846 | $4,007 | $4,284 | |
| Subtotal Direct Cost of Sales | $0 | $0 | $2,642 | $3,925 | $4,158 | $4,330 | $4,744 | $6,039 | $6,921 | $7,314 | $7,620 | $8,148 | |
| 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 | ||
| Karen | 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 |
| Chef | 0% | $0 | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 |
| Line cook | 0% | $0 | $0 | $1,440 | $1,440 | $1,440 | $1,440 | $1,440 | $1,440 | $1,440 | $1,440 | $1,440 | $1,440 |
| Server | 0% | $0 | $0 | $1,120 | $1,120 | $1,120 | $1,120 | $1,120 | $1,120 | $1,120 | $1,120 | $1,120 | $1,120 |
| Server | 0% | $0 | $0 | $1,120 | $1,120 | $1,120 | $1,120 | $1,120 | $1,120 | $1,120 | $1,120 | $1,120 | $1,120 |
| Server/bartender | 0% | $0 | $0 | $1,120 | $1,120 | $1,120 | $1,120 | $1,120 | $1,120 | $1,120 | $1,120 | $1,120 | $1,120 |
| Bartender | 0% | $0 | $0 | $1,120 | $1,120 | $1,120 | $1,120 | $1,120 | $1,120 | $1,120 | $1,120 | $1,120 | $1,120 |
| Dishwasher | 0% | $0 | $0 | $1,120 | $1,120 | $1,120 | $1,120 | $1,120 | $1,120 | $1,120 | $1,120 | $1,120 | $1,120 |
| Total People | 1 | 2 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | |
| Total Payroll | $3,000 | $6,500 | $13,540 | $13,540 | $13,540 | $13,540 | $13,540 | $13,540 | $13,540 | $13,540 | $13,540 | $13,540 | |
| 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 | $8,320 | $12,359 | $13,092 | $13,635 | $14,937 | $19,014 | $21,792 | $23,031 | $23,994 | $25,655 | |
| Direct Cost of Sales | $0 | $0 | $2,642 | $3,925 | $4,158 | $4,330 | $4,744 | $6,039 | $6,921 | $7,314 | $7,620 | $8,148 | |
| Other Production Expenses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Cost of Sales | $0 | $0 | $2,642 | $3,925 | $4,158 | $4,330 | $4,744 | $6,039 | $6,921 | $7,314 | $7,620 | $8,148 | |
| Gross Margin | $0 | $0 | $5,678 | $8,434 | $8,934 | $9,305 | $10,193 | $12,975 | $14,871 | $15,716 | $16,373 | $17,507 | |
| Gross Margin % | 0.00% | 0.00% | 68.24% | 68.24% | 68.24% | 68.24% | 68.24% | 68.24% | 68.24% | 68.24% | 68.24% | 68.24% | |
| Expenses | |||||||||||||
| Payroll | $3,000 | $6,500 | $13,540 | $13,540 | $13,540 | $13,540 | $13,540 | $13,540 | $13,540 | $13,540 | $13,540 | $13,540 | |
| Sales and Marketing and Other Expenses | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | |
| Depreciation | $833 | $833 | $833 | $833 | $833 | $833 | $833 | $833 | $833 | $833 | $833 | $833 | |
| Permits | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | |
| Utilities | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | |
| Insurance | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | |
| Rent | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | |
| Payroll Taxes | 15% | $450 | $975 | $2,031 | $2,031 | $2,031 | $2,031 | $2,031 | $2,031 | $2,031 | $2,031 | $2,031 | $2,031 |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Operating Expenses | $6,533 | $10,558 | $18,654 | $18,654 | $18,654 | $18,654 | $18,654 | $18,654 | $18,654 | $18,654 | $18,654 | $18,654 | |
| Profit Before Interest and Taxes | ($6,533) | ($10,558) | ($12,976) | ($10,220) | ($9,720) | ($9,349) | ($8,461) | ($5,679) | ($3,783) | ($2,938) | ($2,281) | ($1,147) | |
| EBITDA | ($5,700) | ($9,725) | ($12,143) | ($9,387) | ($8,887) | ($8,516) | ($7,628) | ($4,846) | ($2,950) | ($2,105) | ($1,448) | ($314) | |
| 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 | ($6,533) | ($10,558) | ($12,976) | ($10,220) | ($9,720) | ($9,349) | ($8,461) | ($5,679) | ($3,783) | ($2,938) | ($2,281) | ($1,147) | |
| Net Profit/Sales | 0.00% | 0.00% | -155.97% | -82.70% | -74.24% | -68.57% | -56.65% | -29.87% | -17.36% | -12.75% | -9.50% | -4.47% | |
| 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 | $8,320 | $12,359 | $13,092 | $13,635 | $14,937 | $19,014 | $21,792 | $23,031 | $23,994 | $25,655 | |
| Subtotal Cash from Operations | $0 | $0 | $8,320 | $12,359 | $13,092 | $13,635 | $14,937 | $19,014 | $21,792 | $23,031 | $23,994 | $25,655 | |
| 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 | $8,320 | $12,359 | $13,092 | $13,635 | $14,937 | $19,014 | $21,792 | $23,031 | $23,994 | $25,655 | |
| 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 | $3,000 | $6,500 | $13,540 | $13,540 | $13,540 | $13,540 | $13,540 | $13,540 | $13,540 | $13,540 | $13,540 | $13,540 | |
| Bill Payments | $90 | $2,718 | $3,348 | $6,966 | $8,214 | $8,445 | $8,625 | $9,068 | $10,349 | $11,215 | $11,606 | $11,919 | |
| Subtotal Spent on Operations | $3,090 | $9,218 | $16,888 | $20,506 | $21,754 | $21,985 | $22,165 | $22,608 | $23,889 | $24,755 | $25,146 | $25,459 | |
| 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 | $3,090 | $9,218 | $16,888 | $20,506 | $21,754 | $21,985 | $22,165 | $22,608 | $23,889 | $24,755 | $25,146 | $25,459 | |
| Net Cash Flow | ($3,090) | ($9,218) | ($8,568) | ($8,147) | ($8,661) | ($8,350) | ($7,229) | ($3,594) | ($2,096) | ($1,724) | ($1,152) | $197 | |
| Cash Balance | $65,760 | $56,543 | $47,974 | $39,827 | $31,165 | $22,816 | $15,587 | $11,993 | $9,897 | $8,172 | $7,020 | $7,217 | |
| 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 | $68,850 | $65,760 | $56,543 | $47,974 | $39,827 | $31,165 | $22,816 | $15,587 | $11,993 | $9,897 | $8,172 | $7,020 | $7,217 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $68,850 | $65,760 | $56,543 | $47,974 | $39,827 | $31,165 | $22,816 | $15,587 | $11,993 | $9,897 | $8,172 | $7,020 | $7,217 |
| Long-term Assets | |||||||||||||
| Long-term Assets | $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 |
| Accumulated Depreciation | $0 | $833 | $1,666 | $2,499 | $3,332 | $4,165 | $4,998 | $5,831 | $6,664 | $7,497 | $8,330 | $9,163 | $9,996 |
| Total Long-term Assets | $50,000 | $49,167 | $48,334 | $47,501 | $46,668 | $45,835 | $45,002 | $44,169 | $43,336 | $42,503 | $41,670 | $40,837 | $40,004 |
| Total Assets | $118,850 | $114,927 | $104,877 | $95,475 | $86,495 | $77,000 | $67,818 | $59,756 | $55,329 | $52,400 | $49,842 | $47,857 | $47,221 |
| 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 | $2,610 | $3,118 | $6,693 | $7,932 | $8,158 | $8,324 | $8,724 | $9,976 | $10,829 | $11,209 | $11,504 | $12,015 |
| 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 | $2,610 | $3,118 | $6,693 | $7,932 | $8,158 | $8,324 | $8,724 | $9,976 | $10,829 | $11,209 | $11,504 | $12,015 |
| Long-term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $0 | $2,610 | $3,118 | $6,693 | $7,932 | $8,158 | $8,324 | $8,724 | $9,976 | $10,829 | $11,209 | $11,504 | $12,015 |
| 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 | ($1,150) | ($1,150) | ($1,150) | ($1,150) | ($1,150) | ($1,150) | ($1,150) | ($1,150) | ($1,150) | ($1,150) | ($1,150) | ($1,150) | ($1,150) |
| Earnings | $0 | ($6,533) | ($17,091) | ($30,067) | ($40,288) | ($50,007) | ($59,356) | ($67,818) | ($73,496) | ($77,279) | ($80,217) | ($82,497) | ($83,644) |
| Total Capital | $118,850 | $112,317 | $101,759 | $88,783 | $78,562 | $68,843 | $59,494 | $51,032 | $45,354 | $41,571 | $38,633 | $36,353 | $35,206 |
| Total Liabilities and Capital | $118,850 | $114,927 | $104,877 | $95,475 | $86,495 | $77,000 | $67,818 | $59,756 | $55,329 | $52,400 | $49,842 | $47,857 | $47,221 |
| Net Worth | $118,850 | $112,317 | $101,759 | $88,783 | $78,562 | $68,843 | $59,494 | $51,032 | $45,354 | $41,571 | $38,633 | $36,353 | $35,206 |
By 
