Jasmine Teahouse
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 | |||||||||||||
Hot Teas | 0% | $1,500 | $2,500 | $3,000 | $3,000 | $3,200 | $4,000 | $6,000 | $6,200 | $6,500 | $6,000 | $5,500 | $5,000 |
Iced Teas | 0% | $2,500 | $3,000 | $3,800 | $3,400 | $2,000 | $1,400 | $800 | $600 | $500 | $900 | $1,500 | $2,000 |
Pastries | 0% | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 |
Chocolate | 0% | $3,000 | $5,000 | $8,000 | $7,000 | $7,000 | $7,000 | $7,000 | $7,000 | $14,000 | $7,000 | $9,000 | $7,000 |
Tea Paraphernalia | 0% | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 |
Gift Baskets | 0% | $200 | $220 | $225 | $250 | $300 | $300 | $800 | $200 | $600 | $200 | $400 | $200 |
Loose Teas | 0% | $600 | $500 | $500 | $600 | $700 | $950 | $1,100 | $1,000 | $1,000 | $1,100 | $1,000 | $1,100 |
Total Sales | $9,250 | $12,670 | $16,975 | $15,700 | $14,650 | $15,100 | $17,150 | $16,450 | $24,050 | $16,650 | $18,850 | $16,750 | |
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 | |
Hot Teas | $450 | $750 | $900 | $900 | $960 | $1,200 | $1,800 | $1,860 | $1,950 | $1,800 | $1,650 | $1,500 | |
Iced Teas | $800 | $960 | $1,216 | $1,088 | $640 | $448 | $256 | $192 | $160 | $288 | $480 | $640 | |
Pastries | $792 | $792 | $792 | $792 | $792 | $792 | $792 | $792 | $792 | $792 | $792 | $792 | |
Chocolate | $1,350 | $2,250 | $3,600 | $3,150 | $3,150 | $3,150 | $3,150 | $3,150 | $6,300 | $3,150 | $4,050 | $3,150 | |
Tea Paraphernalia | $125 | $125 | $125 | $125 | $125 | $125 | $125 | $125 | $125 | $125 | $125 | $125 | |
Gift Baskets | $80 | $88 | $90 | $100 | $120 | $120 | $320 | $80 | $240 | $80 | $160 | $80 | |
Loose Teas | $240 | $200 | $200 | $240 | $280 | $380 | $440 | $400 | $400 | $440 | $400 | $440 | |
Subtotal Direct Cost of Sales | $3,837 | $5,165 | $6,923 | $6,395 | $6,067 | $6,215 | $6,883 | $6,599 | $9,967 | $6,675 | $7,657 | $6,727 |
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 | ||
Earl Grey | 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 |
Lady Grey | 0% | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 |
Part-time tea-tenders | 0% | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,400 | $1,400 | $1,000 | $1,400 | $1,000 | $1,400 | $1,000 |
Total People | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 3 | 4 | 3 | 4 | 4 | |
Total Payroll | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $3,900 | $3,900 | $3,500 | $3,900 | $3,500 | $3,900 | $3,500 |
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 | 9.50% | 9.50% | 9.50% | 9.50% | 9.50% | 9.50% | 9.50% | 9.50% | 9.50% | 9.50% | 9.50% | 9.50% | |
Long-term Interest Rate | 9.25% | 9.25% | 9.25% | 9.25% | 9.25% | 9.25% | 9.25% | 9.25% | 9.25% | 9.25% | 9.25% | 9.25% | |
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 | $9,250 | $12,670 | $16,975 | $15,700 | $14,650 | $15,100 | $17,150 | $16,450 | $24,050 | $16,650 | $18,850 | $16,750 | |
Direct Cost of Sales | $3,837 | $5,165 | $6,923 | $6,395 | $6,067 | $6,215 | $6,883 | $6,599 | $9,967 | $6,675 | $7,657 | $6,727 | |
Other Costs of Goods | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Total Cost of Sales | $3,837 | $5,165 | $6,923 | $6,395 | $6,067 | $6,215 | $6,883 | $6,599 | $9,967 | $6,675 | $7,657 | $6,727 | |
Gross Margin | $5,413 | $7,505 | $10,052 | $9,305 | $8,583 | $8,885 | $10,267 | $9,851 | $14,083 | $9,975 | $11,193 | $10,023 | |
Gross Margin % | 58.52% | 59.23% | 59.22% | 59.27% | 58.59% | 58.84% | 59.87% | 59.88% | 58.56% | 59.91% | 59.38% | 59.84% | |
Expenses | |||||||||||||
Payroll | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $3,900 | $3,900 | $3,500 | $3,900 | $3,500 | $3,900 | $3,500 | |
Marketing/Promotion | $1,500 | $300 | $300 | $300 | $300 | $300 | $600 | $300 | $600 | $300 | $300 | $300 | |
Depreciation | $115 | $115 | $115 | $115 | $115 | $115 | $115 | $115 | $115 | $115 | $115 | $115 | |
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 | |
Utilities | $621 | $621 | $621 | $621 | $621 | $621 | $621 | $621 | $621 | $621 | $900 | $900 | |
Monthly disposable supplies | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | |
Insurance | $417 | $417 | $417 | $417 | $417 | $417 | $417 | $417 | $417 | $417 | $417 | $417 | |
Payroll Taxes | 20% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Total Operating Expenses | $7,753 | $6,553 | $6,553 | $6,553 | $6,553 | $6,953 | $7,253 | $6,553 | $7,253 | $6,553 | $7,232 | $6,832 | |
Profit Before Interest and Taxes | ($2,340) | $952 | $3,499 | $2,752 | $2,030 | $1,932 | $3,014 | $3,298 | $6,830 | $3,422 | $3,961 | $3,191 | |
EBITDA | ($2,225) | $1,067 | $3,614 | $2,867 | $2,145 | $2,047 | $3,129 | $3,413 | $6,945 | $3,537 | $4,076 | $3,306 | |
Interest Expense | $408 | $402 | $396 | $390 | $385 | $379 | $373 | $367 | $362 | $356 | $350 | $345 | |
Taxes Incurred | ($824) | $165 | $931 | $709 | $494 | $466 | $792 | $879 | $1,941 | $920 | $1,083 | $854 | |
Net Profit | ($1,923) | $385 | $2,172 | $1,653 | $1,152 | $1,087 | $1,849 | $2,052 | $4,528 | $2,146 | $2,528 | $1,993 | |
Net Profit/Sales | -20.79% | 3.04% | 12.80% | 10.53% | 7.86% | 7.20% | 10.78% | 12.47% | 18.83% | 12.89% | 13.41% | 11.90% |
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 | $9,250 | $12,670 | $16,975 | $15,700 | $14,650 | $15,100 | $17,150 | $16,450 | $24,050 | $16,650 | $18,850 | $16,750 | |
Subtotal Cash from Operations | $9,250 | $12,670 | $16,975 | $15,700 | $14,650 | $15,100 | $17,150 | $16,450 | $24,050 | $16,650 | $18,850 | $16,750 | |
Additional Cash Received | |||||||||||||
Sales Tax, VAT, HST/GST Received | 6.00% | $555 | $760 | $1,019 | $942 | $879 | $906 | $1,029 | $987 | $1,443 | $999 | $1,131 | $1,005 |
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 | $9,805 | $13,430 | $17,994 | $16,642 | $15,529 | $16,006 | $18,179 | $17,437 | $25,493 | $17,649 | $19,981 | $17,755 | |
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 | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $3,900 | $3,900 | $3,500 | $3,900 | $3,500 | $3,900 | $3,500 | |
Bill Payments | $124 | $3,870 | $8,353 | $13,013 | $9,840 | $9,544 | $10,222 | $11,969 | $10,762 | $18,814 | $7,471 | $13,279 | |
Subtotal Spent on Operations | $3,624 | $7,370 | $11,853 | $16,513 | $13,340 | $13,444 | $14,122 | $15,469 | $14,662 | $22,314 | $11,371 | $16,779 | |
Additional Cash Spent | |||||||||||||
Sales Tax, VAT, HST/GST Paid Out | $555 | $760 | $1,019 | $942 | $879 | $906 | $1,029 | $987 | $1,443 | $999 | $1,131 | $1,005 | |
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 | $745 | $745 | $745 | $745 | $745 | $745 | $745 | $745 | $745 | $745 | $745 | $745 | |
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 | $4,924 | $8,875 | $13,616 | $18,199 | $14,964 | $15,094 | $15,896 | $17,201 | $16,850 | $24,057 | $13,247 | $18,528 | |
Net Cash Flow | $4,881 | $4,555 | $4,377 | ($1,557) | $565 | $912 | $2,283 | $236 | $8,643 | ($6,408) | $6,734 | ($773) | |
Cash Balance | $19,881 | $24,436 | $28,814 | $27,256 | $27,822 | $28,733 | $31,016 | $31,252 | $39,895 | $33,486 | $40,220 | $39,446 |
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 | $15,000 | $19,881 | $24,436 | $28,814 | $27,256 | $27,822 | $28,733 | $31,016 | $31,252 | $39,895 | $33,486 | $40,220 | $39,446 |
Inventory | $10,000 | $6,163 | $5,682 | $7,615 | $7,035 | $6,674 | $6,837 | $7,571 | $7,259 | $10,964 | $7,343 | $8,423 | $7,400 |
Other Current Assets | $6,605 | $6,605 | $6,605 | $6,605 | $6,605 | $6,605 | $6,605 | $6,605 | $6,605 | $6,605 | $6,605 | $6,605 | $6,605 |
Total Current Assets | $31,605 | $32,649 | $36,723 | $43,034 | $40,896 | $41,100 | $42,175 | $45,192 | $45,116 | $57,463 | $47,434 | $55,248 | $53,451 |
Long-term Assets | |||||||||||||
Long-term Assets | $13,808 | $13,808 | $13,808 | $13,808 | $13,808 | $13,808 | $13,808 | $13,808 | $13,808 | $13,808 | $13,808 | $13,808 | $13,808 |
Accumulated Depreciation | $0 | $115 | $230 | $345 | $460 | $575 | $690 | $805 | $920 | $1,035 | $1,150 | $1,265 | $1,380 |
Total Long-term Assets | $13,808 | $13,693 | $13,578 | $13,463 | $13,348 | $13,233 | $13,118 | $13,003 | $12,888 | $12,773 | $12,658 | $12,543 | $12,428 |
Total Assets | $45,413 | $46,342 | $50,301 | $56,497 | $54,244 | $54,333 | $55,293 | $58,195 | $58,004 | $70,236 | $60,092 | $67,791 | $65,879 |
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 | $3,597 | $7,915 | $12,684 | $9,523 | $9,205 | $9,822 | $11,620 | $10,122 | $18,571 | $7,025 | $12,941 | $9,782 |
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 | $3,597 | $7,915 | $12,684 | $9,523 | $9,205 | $9,822 | $11,620 | $10,122 | $18,571 | $7,025 | $12,941 | $9,782 |
Long-term Liabilities | $53,633 | $52,888 | $52,143 | $51,399 | $50,654 | $49,909 | $49,164 | $48,419 | $47,674 | $46,930 | $46,185 | $45,440 | $44,695 |
Total Liabilities | $53,633 | $56,485 | $60,059 | $64,083 | $60,176 | $59,114 | $58,986 | $60,040 | $57,796 | $65,501 | $53,210 | $58,381 | $54,477 |
Paid-in Capital | $10,330 | $10,330 | $10,330 | $10,330 | $10,330 | $10,330 | $10,330 | $10,330 | $10,330 | $10,330 | $10,330 | $10,330 | $10,330 |
Retained Earnings | ($18,550) | ($18,550) | ($18,550) | ($18,550) | ($18,550) | ($18,550) | ($18,550) | ($18,550) | ($18,550) | ($18,550) | ($18,550) | ($18,550) | ($18,550) |
Earnings | $0 | ($1,923) | ($1,538) | $634 | $2,288 | $3,440 | $4,527 | $6,376 | $8,427 | $12,955 | $15,102 | $17,629 | $19,622 |
Total Capital | ($8,220) | ($10,143) | ($9,758) | ($7,586) | ($5,932) | ($4,780) | ($3,693) | ($1,844) | $207 | $4,735 | $6,882 | $9,409 | $11,402 |
Total Liabilities and Capital | $45,413 | $46,342 | $50,301 | $56,497 | $54,244 | $54,333 | $55,293 | $58,195 | $58,004 | $70,236 | $60,092 | $67,791 | $65,879 |
Net Worth | ($8,220) | ($10,143) | ($9,758) | ($7,586) | ($5,932) | ($4,780) | ($3,693) | ($1,844) | $207 | $4,735 | $6,882 | $9,409 | $11,402 |