Adventure Excursions Unlimited
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 | |||||||||||||
Heli-skiing | 0% | $0 | $0 | $0 | $0 | $0 | $120,000 | $0 | $0 | $120,000 | $120,000 | $0 | $0 |
White-water Rafting | 0% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $70,000 | $0 | $70,000 | $0 | $0 |
Mountain Biking | 0% | $0 | $0 | $0 | $0 | $0 | $0 | $50,000 | $50,000 | $0 | $0 | $0 | $0 |
Other | 0% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Total Sales | $0 | $0 | $0 | $0 | $0 | $120,000 | $50,000 | $120,000 | $120,000 | $190,000 | $0 | $0 | |
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 | |
Heli-skiing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
White-water Rafting | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $20,000 | $0 | $20,000 | $0 | $0 | |
Mountain Biking | $0 | $0 | $0 | $0 | $0 | $0 | $14,000 | $14,000 | $0 | $0 | $0 | $0 | |
Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Subtotal Direct Cost of Sales | $0 | $0 | $0 | $0 | $0 | $0 | $14,000 | $34,000 | $0 | $20,000 | $0 | $0 |
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 | ||
Jordan Stephan | 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 |
Jillyn Certo | 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 |
Loren Harlo | 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 |
Mountain Bike Trip Personnel | 0% | $0 | $0 | $0 | $0 | $0 | $0 | $35,000 | $35,000 | $0 | $0 | $0 | $0 |
Heli-skiing Personnel | 0% | $0 | $0 | $0 | $0 | $0 | $40,000 | $0 | $0 | $40,000 | $40,000 | $0 | $0 |
White-water Adventure Personnel | 0% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $35,000 | $0 | $35,000 | $0 | $0 |
Secretary | 0% | $0 | $0 | $0 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 |
Total People | 3 | 3 | 3 | 4 | 4 | 9 | 9 | 14 | 9 | 14 | 4 | 4 | |
Total Payroll | $7,500 | $7,500 | $7,500 | $9,500 | $9,500 | $49,500 | $44,500 | $79,500 | $49,500 | $84,500 | $9,500 | $9,500 |
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% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | |
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 | $0 | $0 | $0 | $120,000 | $50,000 | $120,000 | $120,000 | $190,000 | $0 | $0 | |
Direct Cost of Sales | $0 | $0 | $0 | $0 | $0 | $0 | $14,000 | $34,000 | $0 | $20,000 | $0 | $0 | |
Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Total Cost of Sales | $0 | $0 | $0 | $0 | $0 | $0 | $14,000 | $34,000 | $0 | $20,000 | $0 | $0 | |
Gross Margin | $0 | $0 | $0 | $0 | $0 | $120,000 | $36,000 | $86,000 | $120,000 | $170,000 | $0 | $0 | |
Gross Margin % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 100.00% | 72.00% | 71.67% | 100.00% | 89.47% | 0.00% | 0.00% | |
Expenses | |||||||||||||
Payroll | $7,500 | $7,500 | $7,500 | $9,500 | $9,500 | $49,500 | $44,500 | $79,500 | $49,500 | $84,500 | $9,500 | $9,500 | |
Sales and Marketing and Other Expenses | $0 | $0 | $0 | $0 | $0 | $5,000 | $1,500 | $3,000 | $5,000 | $6,500 | $0 | $0 | |
Depreciation | $361 | $361 | $361 | $361 | $361 | $361 | $361 | $361 | $361 | $361 | $361 | $361 | |
Leased Equipment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Utilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Insurance | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | |
Rent | $450 | $450 | $450 | $450 | $450 | $450 | $450 | $450 | $450 | $450 | $450 | $450 | |
Payroll Taxes | 15% | $1,125 | $1,125 | $1,125 | $1,425 | $1,425 | $7,425 | $6,675 | $11,925 | $7,425 | $12,675 | $1,425 | $1,425 |
Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Total Operating Expenses | $9,836 | $9,836 | $9,836 | $12,136 | $12,136 | $63,136 | $53,886 | $95,636 | $63,136 | $104,886 | $12,136 | $12,136 | |
Profit Before Interest and Taxes | ($9,836) | ($9,836) | ($9,836) | ($12,136) | ($12,136) | $56,864 | ($17,886) | ($9,636) | $56,864 | $65,114 | ($12,136) | ($12,136) | |
EBITDA | ($9,475) | ($9,475) | ($9,475) | ($11,775) | ($11,775) | $57,225 | ($17,525) | ($9,275) | $57,225 | $65,475 | ($11,775) | ($11,775) | |
Interest Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Taxes Incurred | ($2,951) | ($2,459) | ($2,459) | ($3,034) | ($3,034) | $14,216 | ($4,472) | ($2,409) | $14,216 | $16,279 | ($3,034) | ($3,034) | |
Net Profit | ($6,885) | ($7,377) | ($7,377) | ($9,102) | ($9,102) | $42,648 | ($13,415) | ($7,227) | $42,648 | $48,836 | ($9,102) | ($9,102) | |
Net Profit/Sales | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 35.54% | -26.83% | -6.02% | 35.54% | 25.70% | 0.00% | 0.00% |
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 | $0 | $0 | $0 | $120,000 | $50,000 | $120,000 | $120,000 | $190,000 | $0 | $0 | |
Subtotal Cash from Operations | $0 | $0 | $0 | $0 | $0 | $120,000 | $50,000 | $120,000 | $120,000 | $190,000 | $0 | $0 | |
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 | $0 | $0 | $0 | $120,000 | $50,000 | $120,000 | $120,000 | $190,000 | $0 | $0 | |
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 | $7,500 | $7,500 | $7,500 | $9,500 | $9,500 | $49,500 | $44,500 | $79,500 | $49,500 | $84,500 | $9,500 | $9,500 | |
Bill Payments | ($976) | ($1,427) | ($952) | ($1,227) | ($1,493) | $183 | $27,193 | $19,514 | $46,704 | $28,451 | $53,668 | ($1,493) | |
Subtotal Spent on Operations | $6,524 | $6,073 | $6,548 | $8,273 | $8,007 | $49,683 | $71,693 | $99,014 | $96,204 | $112,951 | $63,168 | $8,007 | |
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 | $6,524 | $6,073 | $6,548 | $8,273 | $8,007 | $49,683 | $71,693 | $99,014 | $96,204 | $112,951 | $63,168 | $8,007 | |
Net Cash Flow | ($6,524) | ($6,073) | ($6,548) | ($8,273) | ($8,007) | $70,317 | ($21,693) | $20,986 | $23,797 | $77,049 | ($63,168) | ($8,007) | |
Cash Balance | $38,076 | $32,003 | $25,455 | $17,182 | $9,175 | $79,492 | $57,799 | $78,785 | $102,581 | $179,630 | $116,462 | $108,455 |
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 | $44,600 | $38,076 | $32,003 | $25,455 | $17,182 | $9,175 | $79,492 | $57,799 | $78,785 | $102,581 | $179,630 | $116,462 | $108,455 |
Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Total Current Assets | $44,600 | $38,076 | $32,003 | $25,455 | $17,182 | $9,175 | $79,492 | $57,799 | $78,785 | $102,581 | $179,630 | $116,462 | $108,455 |
Long-term Assets | |||||||||||||
Long-term Assets | $13,000 | $13,000 | $13,000 | $13,000 | $13,000 | $13,000 | $13,000 | $13,000 | $13,000 | $13,000 | $13,000 | $13,000 | $13,000 |
Accumulated Depreciation | $0 | $361 | $722 | $1,083 | $1,444 | $1,805 | $2,166 | $2,527 | $2,888 | $3,249 | $3,610 | $3,971 | $4,332 |
Total Long-term Assets | $13,000 | $12,639 | $12,278 | $11,917 | $11,556 | $11,195 | $10,834 | $10,473 | $10,112 | $9,751 | $9,390 | $9,029 | $8,668 |
Total Assets | $57,600 | $50,715 | $44,281 | $37,372 | $28,738 | $20,370 | $90,326 | $68,272 | $88,897 | $112,332 | $189,020 | $125,491 | $117,123 |
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 | $0 | $943 | $1,411 | $1,879 | $2,613 | $29,921 | $21,281 | $49,134 | $29,921 | $57,773 | $3,346 | $4,080 |
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 | $0 | $943 | $1,411 | $1,879 | $2,613 | $29,921 | $21,281 | $49,134 | $29,921 | $57,773 | $3,346 | $4,080 |
Long-term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Total Liabilities | $0 | $0 | $943 | $1,411 | $1,879 | $2,613 | $29,921 | $21,281 | $49,134 | $29,921 | $57,773 | $3,346 | $4,080 |
Paid-in Capital | $60,000 | $60,000 | $60,000 | $60,000 | $60,000 | $60,000 | $60,000 | $60,000 | $60,000 | $60,000 | $60,000 | $60,000 | $60,000 |
Retained Earnings | ($2,400) | ($2,400) | ($2,400) | ($2,400) | ($2,400) | ($2,400) | ($2,400) | ($2,400) | ($2,400) | ($2,400) | ($2,400) | ($2,400) | ($2,400) |
Earnings | $0 | ($6,885) | ($14,262) | ($21,639) | ($30,741) | ($39,843) | $2,805 | ($10,610) | ($17,837) | $24,811 | $73,647 | $64,545 | $55,443 |
Total Capital | $57,600 | $50,715 | $43,338 | $35,961 | $26,859 | $17,757 | $60,405 | $46,990 | $39,763 | $82,411 | $131,247 | $122,145 | $113,043 |
Total Liabilities and Capital | $57,600 | $50,715 | $44,281 | $37,372 | $28,738 | $20,370 | $90,326 | $68,272 | $88,897 | $112,332 | $189,020 | $125,491 | $117,123 |
Net Worth | $57,600 | $50,715 | $43,338 | $35,961 | $26,859 | $17,757 | $60,405 | $46,990 | $39,763 | $82,411 | $131,247 | $122,145 | $113,043 |