Skate Park NW
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 & Beverages | 0% | $1,450 | $1,550 | $1,650 | $1,750 | $1,200 | $725 | $700 | $575 | $650 | $1,200 | $1,275 | $1,712 |
| Beginners- ski related sales | 0% | $1,719 | $2,009 | $3,217 | $3,285 | $684 | $684 | $684 | $4,000 | $7,600 | $10,398 | $10,266 | $12,920 |
| Experienced- ski related sales | 0% | $2,262 | $2,643 | $4,233 | $4,323 | $900 | $900 | $900 | $3,333 | $6,333 | $8,665 | $8,555 | $10,767 |
| Total Sales | $5,431 | $6,202 | $9,100 | $9,358 | $2,784 | $2,309 | $2,284 | $7,908 | $14,583 | $20,263 | $20,096 | $25,399 | |
| 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 | $653 | $698 | $743 | $788 | $540 | $326 | $315 | $259 | $293 | $540 | $574 | $770 | |
| Beginners | $172 | $201 | $322 | $329 | $68 | $68 | $68 | $400 | $760 | $1,040 | $1,027 | $1,292 | |
| Experienced | $226 | $264 | $423 | $432 | $90 | $90 | $90 | $333 | $633 | $867 | $856 | $1,077 | |
| Subtotal Direct Cost of Sales | $1,051 | $1,163 | $1,488 | $1,548 | $698 | $485 | $473 | $992 | $1,686 | $2,446 | $2,456 | $3,139 | |
| 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 | ||
| Sarah | 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 |
| Groomer | 0% | $1,500 | $1,500 | $1,500 | $1,500 | $0 | $0 | $0 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 |
| Rental | 0% | $1,500 | $1,500 | $1,500 | $1,500 | $0 | $0 | $0 | $1,500 | $1,500 | $1,500 | $3,000 | $4,500 |
| Instructor | 0% | $1,500 | $1,500 | $1,500 | $1,500 | $0 | $0 | $0 | $1,500 | $1,500 | $1,500 | $1,500 | $3,000 |
| Misc. | 0% | $1,500 | $1,500 | $1,500 | $1,500 | $0 | $0 | $0 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 |
| Total People | 5 | 5 | 5 | 5 | 1 | 1 | 1 | 5 | 5 | 5 | 6 | 8 | |
| Total Payroll | $8,000 | $8,000 | $8,000 | $8,000 | $2,000 | $2,000 | $2,000 | $8,000 | $8,000 | $8,000 | $9,500 | $12,500 | |
| 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 | $5,431 | $6,202 | $9,100 | $9,358 | $2,784 | $2,309 | $2,284 | $7,908 | $14,583 | $20,263 | $20,096 | $25,399 | |
| Direct Cost of Sales | $1,051 | $1,163 | $1,488 | $1,548 | $698 | $485 | $473 | $992 | $1,686 | $2,446 | $2,456 | $3,139 | |
| Other Costs of Sales | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Cost of Sales | $1,051 | $1,163 | $1,488 | $1,548 | $698 | $485 | $473 | $992 | $1,686 | $2,446 | $2,456 | $3,139 | |
| Gross Margin | $4,381 | $5,039 | $7,613 | $7,810 | $2,086 | $1,824 | $1,811 | $6,916 | $12,897 | $17,817 | $17,640 | $22,260 | |
| Gross Margin % | 80.66% | 81.25% | 83.65% | 83.46% | 74.91% | 79.01% | 79.27% | 87.45% | 88.44% | 87.93% | 87.78% | 87.64% | |
| Expenses | |||||||||||||
| Payroll | $8,000 | $8,000 | $8,000 | $8,000 | $2,000 | $2,000 | $2,000 | $8,000 | $8,000 | $8,000 | $9,500 | $12,500 | |
| Sales and Marketing and Other Expenses | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | |
| Depreciation | $1,166 | $1,166 | $1,166 | $1,166 | $1,166 | $1,166 | $1,166 | $1,166 | $1,166 | $1,166 | $1,166 | $1,166 | |
| Rent | $2,000 | $2,000 | $2,000 | $2,000 | $500 | $500 | $500 | $500 | $500 | $2,000 | $2,000 | $2,000 | |
| Utilities | $600 | $600 | $600 | $600 | $100 | $100 | $100 | $100 | $100 | $600 | $600 | $600 | |
| Insurance | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | |
| Payroll Taxes | 15% | $1,200 | $1,200 | $1,200 | $1,200 | $300 | $300 | $300 | $1,200 | $1,200 | $1,200 | $1,425 | $1,875 |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Operating Expenses | $13,666 | $13,666 | $13,666 | $13,666 | $4,766 | $4,766 | $4,766 | $11,666 | $11,666 | $13,666 | $15,391 | $18,841 | |
| Profit Before Interest and Taxes | ($9,285) | ($8,627) | ($6,053) | ($5,856) | ($2,680) | ($2,942) | ($2,955) | ($4,750) | $1,231 | $4,151 | $2,249 | $3,419 | |
| EBITDA | ($8,119) | ($7,461) | ($4,887) | ($4,690) | ($1,514) | ($1,776) | ($1,789) | ($3,584) | $2,397 | $5,317 | $3,415 | $4,585 | |
| 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 | ($9,285) | ($8,627) | ($6,053) | ($5,856) | ($2,680) | ($2,942) | ($2,955) | ($4,750) | $1,231 | $4,151 | $2,249 | $3,419 | |
| Net Profit/Sales | -170.97% | -139.11% | -66.52% | -62.57% | -96.28% | -127.40% | -129.40% | -60.07% | 8.44% | 20.48% | 11.19% | 13.46% | |
| 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 | $5,431 | $6,202 | $9,100 | $9,358 | $2,784 | $2,309 | $2,284 | $7,908 | $14,583 | $20,263 | $20,096 | $25,399 | |
| Subtotal Cash from Operations | $5,431 | $6,202 | $9,100 | $9,358 | $2,784 | $2,309 | $2,284 | $7,908 | $14,583 | $20,263 | $20,096 | $25,399 | |
| 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 | $5,431 | $6,202 | $9,100 | $9,358 | $2,784 | $2,309 | $2,284 | $7,908 | $14,583 | $20,263 | $20,096 | $25,399 | |
| 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 | $8,000 | $8,000 | $8,000 | $8,000 | $2,000 | $2,000 | $2,000 | $8,000 | $8,000 | $8,000 | $9,500 | $12,500 | |
| Bill Payments | $185 | $5,554 | $5,673 | $5,990 | $5,923 | $2,291 | $2,084 | $2,121 | $3,515 | $4,278 | $6,954 | $7,219 | |
| Subtotal Spent on Operations | $8,185 | $13,554 | $13,673 | $13,990 | $7,923 | $4,291 | $4,084 | $10,121 | $11,515 | $12,278 | $16,454 | $19,719 | |
| 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 | $8,185 | $13,554 | $13,673 | $13,990 | $7,923 | $4,291 | $4,084 | $10,121 | $11,515 | $12,278 | $16,454 | $19,719 | |
| Net Cash Flow | ($2,754) | ($7,353) | ($4,573) | ($4,631) | ($5,139) | ($1,982) | ($1,800) | ($2,213) | $3,067 | $7,985 | $3,642 | $5,681 | |
| Cash Balance | $50,190 | $42,837 | $38,264 | $33,633 | $28,494 | $26,511 | $24,711 | $22,498 | $25,565 | $33,551 | $37,193 | $42,873 | |
| 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 | $52,944 | $50,190 | $42,837 | $38,264 | $33,633 | $28,494 | $26,511 | $24,711 | $22,498 | $25,565 | $33,551 | $37,193 | $42,873 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $52,944 | $50,190 | $42,837 | $38,264 | $33,633 | $28,494 | $26,511 | $24,711 | $22,498 | $25,565 | $33,551 | $37,193 | $42,873 |
| Long-term Assets | |||||||||||||
| Long-term Assets | $70,000 | $70,000 | $70,000 | $70,000 | $70,000 | $70,000 | $70,000 | $70,000 | $70,000 | $70,000 | $70,000 | $70,000 | $70,000 |
| Accumulated Depreciation | $0 | $1,166 | $2,332 | $3,498 | $4,664 | $5,830 | $6,996 | $8,162 | $9,328 | $10,494 | $11,660 | $12,826 | $13,992 |
| Total Long-term Assets | $70,000 | $68,834 | $67,668 | $66,502 | $65,336 | $64,170 | $63,004 | $61,838 | $60,672 | $59,506 | $58,340 | $57,174 | $56,008 |
| Total Assets | $122,944 | $119,024 | $110,505 | $104,766 | $98,969 | $92,664 | $89,515 | $86,549 | $83,170 | $85,071 | $91,891 | $94,367 | $98,881 |
| 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 | $5,366 | $5,474 | $5,788 | $5,847 | $2,222 | $2,015 | $2,004 | $3,376 | $4,046 | $6,715 | $6,941 | $8,037 |
| 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 | $5,366 | $5,474 | $5,788 | $5,847 | $2,222 | $2,015 | $2,004 | $3,376 | $4,046 | $6,715 | $6,941 | $8,037 |
| Long-term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $0 | $5,366 | $5,474 | $5,788 | $5,847 | $2,222 | $2,015 | $2,004 | $3,376 | $4,046 | $6,715 | $6,941 | $8,037 |
| Paid-in Capital | $190,000 | $190,000 | $190,000 | $190,000 | $190,000 | $190,000 | $190,000 | $190,000 | $190,000 | $190,000 | $190,000 | $190,000 | $190,000 |
| Retained Earnings | ($67,056) | ($67,056) | ($67,056) | ($67,056) | ($67,056) | ($67,056) | ($67,056) | ($67,056) | ($67,056) | ($67,056) | ($67,056) | ($67,056) | ($67,056) |
| Earnings | $0 | ($9,285) | ($17,912) | ($23,966) | ($29,822) | ($32,502) | ($35,444) | ($38,399) | ($43,150) | ($41,919) | ($37,768) | ($35,519) | ($32,100) |
| Total Capital | $122,944 | $113,659 | $105,032 | $98,978 | $93,122 | $90,442 | $87,500 | $84,545 | $79,794 | $81,025 | $85,176 | $87,425 | $90,844 |
| Total Liabilities and Capital | $122,944 | $119,024 | $110,505 | $104,766 | $98,969 | $92,664 | $89,515 | $86,549 | $83,170 | $85,071 | $91,891 | $94,367 | $98,881 |
| Net Worth | $122,944 | $113,659 | $105,032 | $98,978 | $93,122 | $90,442 | $87,500 | $84,545 | $79,794 | $81,025 | $85,176 | $87,425 | $90,844 |
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