Panache Travel Group
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 | |||||||||||||
Journeys | 0% | $0 | $0 | $0 | $0 | $0 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $30,000 | $30,000 |
Services | 0% | $0 | $0 | $0 | $0 | $0 | $30,000 | $30,000 | $30,000 | $30,000 | $30,000 | $20,000 | $20,000 |
Total Sales | $0 | $0 | $0 | $0 | $0 | $80,000 | $80,000 | $80,000 | $80,000 | $80,000 | $50,000 | $50,000 | |
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 | |
Journeys | $0 | $0 | $0 | $0 | $0 | $0 | $39,000 | $39,000 | $39,000 | $39,000 | $23,400 | $23,400 | |
Services | $0 | $0 | $0 | $0 | $0 | $0 | $27,000 | $27,000 | $27,000 | $27,000 | $18,000 | $18,000 | |
Subtotal Direct Cost of Sales | $0 | $0 | $0 | $0 | $0 | $0 | $66,000 | $66,000 | $66,000 | $66,000 | $41,400 | $41,400 |
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 | ||
President and Development Dir. * | 0% | $0 | $0 | $0 | $0 | $0 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 |
Marketing & Advertising Dir. * | 0% | $0 | $0 | $0 | $0 | $0 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 |
Office Manager * | 0% | $0 | $0 | $0 | $0 | $0 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 |
Accounting | 0% | $0 | $0 | $0 | $0 | $0 | $500 | $500 | $500 | $500 | $500 | $500 | $500 |
Travel Dir. * | 0% | $0 | $0 | $0 | $0 | $0 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 |
Travel Agent | 0% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Sales Reps. | 0% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Tour Guides | 0% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Additional Office Support | 0% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Total People | 10 | 10 | 10 | 10 | 12 | 14 | 14 | 14 | 12 | 10 | 10 | 10 | |
Total Payroll | $0 | $0 | $0 | $0 | $0 | $7,500 | $7,500 | $7,500 | $7,500 | $7,500 | $7,500 | $7,500 |
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 | $80,000 | $80,000 | $80,000 | $80,000 | $80,000 | $50,000 | $50,000 | |
Direct Cost of Sales | $0 | $0 | $0 | $0 | $0 | $0 | $66,000 | $66,000 | $66,000 | $66,000 | $41,400 | $41,400 | |
Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Total Cost of Sales | $0 | $0 | $0 | $0 | $0 | $0 | $66,000 | $66,000 | $66,000 | $66,000 | $41,400 | $41,400 | |
Gross Margin | $0 | $0 | $0 | $0 | $0 | $80,000 | $14,000 | $14,000 | $14,000 | $14,000 | $8,600 | $8,600 | |
Gross Margin % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 100.00% | 17.50% | 17.50% | 17.50% | 17.50% | 17.20% | 17.20% | |
Expenses | |||||||||||||
Payroll | $0 | $0 | $0 | $0 | $0 | $7,500 | $7,500 | $7,500 | $7,500 | $7,500 | $7,500 | $7,500 | |
Sales and Marketing and Other Expenses | $0 | $0 | $0 | $0 | $0 | $2,100 | $1,600 | $1,600 | $1,600 | $1,600 | $1,600 | $1,600 | |
Depreciation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Leased Equipment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Utilities | $0 | $0 | $0 | $0 | $0 | $125 | $125 | $125 | $125 | $125 | $125 | $125 | |
Insurance | $0 | $0 | $0 | $0 | $0 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | |
Rent | $0 | $0 | $0 | $0 | $0 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | |
Payroll Taxes | 5% | $0 | $0 | $0 | $0 | $0 | $375 | $375 | $375 | $375 | $375 | $375 | $375 |
Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Total Operating Expenses | $0 | $0 | $0 | $0 | $0 | $10,500 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | |
Profit Before Interest and Taxes | $0 | $0 | $0 | $0 | $0 | $69,500 | $4,000 | $4,000 | $4,000 | $4,000 | ($1,400) | ($1,400) | |
EBITDA | $0 | $0 | $0 | $0 | $0 | $69,500 | $4,000 | $4,000 | $4,000 | $4,000 | ($1,400) | ($1,400) | |
Interest Expense | $9 | $9 | $9 | $9 | $9 | $9 | $9 | $9 | $9 | $9 | $9 | $9 | |
Taxes Incurred | ($3) | ($2) | ($2) | ($2) | ($2) | $17,373 | $998 | $998 | $998 | $998 | ($352) | ($352) | |
Net Profit | ($6) | ($7) | ($7) | ($7) | ($7) | $52,118 | $2,993 | $2,993 | $2,993 | $2,993 | ($1,057) | ($1,057) | |
Net Profit/Sales | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 65.15% | 3.74% | 3.74% | 3.74% | 3.74% | -2.11% | -2.11% |
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 | $80,000 | $80,000 | $80,000 | $80,000 | $80,000 | $50,000 | $50,000 | |
Subtotal Cash from Operations | $0 | $0 | $0 | $0 | $0 | $80,000 | $80,000 | $80,000 | $80,000 | $80,000 | $50,000 | $50,000 | |
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 | $80,000 | $80,000 | $80,000 | $80,000 | $80,000 | $50,000 | $50,000 | |
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 | $0 | $0 | $0 | $0 | $0 | $7,500 | $7,500 | $7,500 | $7,500 | $7,500 | $7,500 | $7,500 | |
Bill Payments | $0 | $6 | $7 | $7 | $7 | $686 | $22,019 | $69,507 | $69,507 | $69,507 | $68,642 | $43,557 | |
Subtotal Spent on Operations | $0 | $6 | $7 | $7 | $7 | $8,186 | $29,519 | $77,007 | $77,007 | $77,007 | $76,142 | $51,057 | |
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 | $0 | $6 | $7 | $7 | $7 | $8,186 | $29,519 | $77,007 | $77,007 | $77,007 | $76,142 | $51,057 | |
Net Cash Flow | ($0) | ($6) | ($7) | ($7) | ($7) | $71,814 | $50,481 | $2,993 | $2,993 | $2,993 | ($26,142) | ($1,057) | |
Cash Balance | $100,000 | $99,993 | $99,986 | $99,980 | $99,973 | $171,787 | $222,267 | $225,260 | $228,254 | $231,247 | $205,105 | $204,048 |
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 | $100,000 | $100,000 | $99,993 | $99,986 | $99,980 | $99,973 | $171,787 | $222,267 | $225,260 | $228,254 | $231,247 | $205,105 | $204,048 |
Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Total Current Assets | $100,000 | $100,000 | $99,993 | $99,986 | $99,980 | $99,973 | $171,787 | $222,267 | $225,260 | $228,254 | $231,247 | $205,105 | $204,048 |
Long-term Assets | |||||||||||||
Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Accumulated Depreciation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Total Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Total Assets | $100,000 | $100,000 | $99,993 | $99,986 | $99,980 | $99,973 | $171,787 | $222,267 | $225,260 | $228,254 | $231,247 | $205,105 | $204,048 |
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 | $6 | $7 | $7 | $7 | $7 | $19,702 | $67,190 | $67,190 | $67,190 | $67,190 | $42,105 | $42,105 |
Current Borrowing | $1,100 | $1,100 | $1,100 | $1,100 | $1,100 | $1,100 | $1,100 | $1,100 | $1,100 | $1,100 | $1,100 | $1,100 | $1,100 |
Other Current Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Subtotal Current Liabilities | $1,100 | $1,106 | $1,107 | $1,107 | $1,107 | $1,107 | $20,802 | $68,290 | $68,290 | $68,290 | $68,290 | $43,205 | $43,205 |
Long-term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Total Liabilities | $1,100 | $1,106 | $1,107 | $1,107 | $1,107 | $1,107 | $20,802 | $68,290 | $68,290 | $68,290 | $68,290 | $43,205 | $43,205 |
Paid-in Capital | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 |
Retained Earnings | ($1,100) | ($1,100) | ($1,100) | ($1,100) | ($1,100) | ($1,100) | ($1,100) | ($1,100) | ($1,100) | ($1,100) | ($1,100) | ($1,100) | ($1,100) |
Earnings | $0 | ($6) | ($13) | ($20) | ($27) | ($34) | $52,084 | $55,077 | $58,070 | $61,064 | $64,057 | $63,000 | $61,943 |
Total Capital | $98,900 | $98,894 | $98,887 | $98,880 | $98,873 | $98,866 | $150,984 | $153,977 | $156,970 | $159,964 | $162,957 | $161,900 | $160,843 |
Total Liabilities and Capital | $100,000 | $100,000 | $99,993 | $99,986 | $99,980 | $99,973 | $171,787 | $222,267 | $225,260 | $228,254 | $231,247 | $205,105 | $204,048 |
Net Worth | $98,900 | $98,894 | $98,887 | $98,880 | $98,873 | $98,866 | $150,984 | $153,977 | $156,970 | $159,964 | $162,957 | $161,900 | $160,843 |