Enchanted Vineyard B & B
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 | |||||||||||||
| Weekend-Getaway Customers | 0% | $0 | $0 | $0 | $654 | $745 | $784 | $804 | $1,245 | $1,587 | $1,874 | $2,245 | $1,458 |
| Travelers | 0% | $0 | $0 | $0 | $654 | $702 | $754 | $815 | $1,345 | $1,698 | $1,985 | $2,458 | $2,678 |
| University of Oregon Travelers | 0% | $0 | $0 | $0 | $598 | $965 | $654 | $712 | $800 | $1,874 | $1,787 | $1,987 | $1,888 |
| Total Sales | $0 | $0 | $0 | $1,906 | $2,412 | $2,192 | $2,331 | $3,390 | $5,159 | $5,646 | $6,690 | $6,024 | |
| 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 | |
| Weekend-Getaway Customers | $0 | $0 | $0 | $340 | $387 | $423 | $434 | $671 | $856 | $1,010 | $1,211 | $786 | |
| Travelers | $0 | $0 | $0 | $340 | $365 | $407 | $439 | $725 | $916 | $1,070 | $1,325 | $1,444 | |
| University of Oregon Travelers | $0 | $0 | $0 | $311 | $502 | $353 | $384 | $431 | $1,010 | $964 | $1,071 | $1,018 | |
| Subtotal Direct Cost of Sales | $0 | $0 | $0 | $991 | $1,254 | $1,182 | $1,257 | $1,828 | $2,782 | $3,044 | $3,607 | $3,248 | |
| 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 | ||
| Missy | 0% | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 |
| Housekeeping/Outdoor Maintenance | 0% | $0 | $0 | $0 | $0 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 |
| Total People | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | |
| Total Payroll | $250 | $250 | $250 | $250 | $1,750 | $1,750 | $1,750 | $1,750 | $1,750 | $1,750 | $1,750 | $1,750 | |
| 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 | 25.00% | 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 | $1,906 | $2,412 | $2,192 | $2,331 | $3,390 | $5,159 | $5,646 | $6,690 | $6,024 | |
| Direct Cost of Sales | $0 | $0 | $0 | $991 | $1,254 | $1,182 | $1,257 | $1,828 | $2,782 | $3,044 | $3,607 | $3,248 | |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Cost of Sales | $0 | $0 | $0 | $991 | $1,254 | $1,182 | $1,257 | $1,828 | $2,782 | $3,044 | $3,607 | $3,248 | |
| Gross Margin | $0 | $0 | $0 | $915 | $1,158 | $1,010 | $1,074 | $1,562 | $2,377 | $2,602 | $3,083 | $2,776 | |
| Gross Margin % | 0.00% | 0.00% | 0.00% | 48.01% | 48.01% | 46.08% | 46.08% | 46.08% | 46.08% | 46.08% | 46.08% | 46.08% | |
| Expenses | |||||||||||||
| Payroll | $250 | $250 | $250 | $250 | $1,750 | $1,750 | $1,750 | $1,750 | $1,750 | $1,750 | $1,750 | $1,750 | |
| Sales and Marketing and Other Expenses | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | |
| Depreciation | $1,667 | $1,667 | $1,667 | $1,667 | $1,667 | $1,667 | $1,667 | $1,667 | $1,667 | $1,667 | $1,667 | $1,667 | |
| Leased Equipment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Utilities | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | |
| Insurance | $150 | $120 | $120 | $120 | $120 | $120 | $120 | $120 | $120 | $120 | $120 | $120 | |
| mortgage | $440 | $440 | $440 | $440 | $440 | $440 | $440 | $440 | $440 | $440 | $440 | $440 | |
| Payroll Taxes | 15% | $38 | $38 | $38 | $38 | $263 | $263 | $263 | $263 | $263 | $263 | $263 | $263 |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Operating Expenses | $2,895 | $2,865 | $2,865 | $2,865 | $4,590 | $4,590 | $4,590 | $4,590 | $4,590 | $4,590 | $4,590 | $4,590 | |
| Profit Before Interest and Taxes | ($2,895) | ($2,865) | ($2,865) | ($1,950) | ($3,432) | ($3,579) | ($3,515) | ($3,027) | ($2,212) | ($1,988) | ($1,507) | ($1,814) | |
| EBITDA | ($1,228) | ($1,198) | ($1,198) | ($283) | ($1,765) | ($1,912) | ($1,848) | ($1,360) | ($545) | ($321) | $160 | ($147) | |
| Interest Expense | $103 | $103 | $103 | $103 | $102 | $101 | $101 | $100 | $99 | $98 | $98 | $114 | |
| Taxes Incurred | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Net Profit | ($2,998) | ($2,968) | ($2,968) | ($2,052) | ($3,533) | ($3,681) | ($3,616) | ($3,127) | ($2,311) | ($2,086) | ($1,605) | ($1,927) | |
| Net Profit/Sales | 0.00% | 0.00% | 0.00% | -107.67% | -146.49% | -167.91% | -155.12% | -92.25% | -44.80% | -36.95% | -23.98% | -32.00% | |
| 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 | $1,334 | $1,688 | $1,534 | $1,632 | $2,373 | $3,611 | $3,952 | $4,683 | $4,217 | |
| Cash from Receivables | $0 | $0 | $0 | $0 | $19 | $577 | $721 | $659 | $710 | $1,035 | $1,553 | $1,704 | |
| Subtotal Cash from Operations | $0 | $0 | $0 | $1,334 | $1,707 | $2,111 | $2,353 | $3,032 | $4,321 | $4,987 | $6,236 | $5,921 | |
| 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 | $2,000 | |
| New Other Liabilities (interest-free) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3,800 | $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 | $1,334 | $1,707 | $2,111 | $2,353 | $3,032 | $8,121 | $4,987 | $6,236 | $7,921 | |
| 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 | $250 | $250 | $250 | $250 | $1,750 | $1,750 | $1,750 | $1,750 | $1,750 | $1,750 | $1,750 | $1,750 | |
| Bill Payments | $36 | $1,080 | $1,051 | $1,084 | $2,062 | $2,398 | $2,384 | $2,650 | $3,774 | $5,086 | $4,634 | $5,451 | |
| Subtotal Spent on Operations | $286 | $1,330 | $1,301 | $1,334 | $3,812 | $4,148 | $4,134 | $4,400 | $5,524 | $6,836 | $6,384 | $7,201 | |
| 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 | $83 | $83 | $83 | $83 | $83 | $83 | $83 | $83 | $83 | |
| 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 | $286 | $1,330 | $1,301 | $1,417 | $3,895 | $4,231 | $4,218 | $4,483 | $5,608 | $6,919 | $6,467 | $7,285 | |
| Net Cash Flow | ($286) | ($1,330) | ($1,301) | ($83) | ($2,188) | ($2,120) | ($1,864) | ($1,451) | $2,514 | ($1,932) | ($232) | $636 | |
| Cash Balance | $10,914 | $9,584 | $8,283 | $8,200 | $6,012 | $3,892 | $2,028 | $577 | $3,091 | $1,158 | $926 | $1,563 | |
| 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 | $11,200 | $10,914 | $9,584 | $8,283 | $8,200 | $6,012 | $3,892 | $2,028 | $577 | $3,091 | $1,158 | $926 | $1,563 |
| Accounts Receivable | $0 | $0 | $0 | $0 | $572 | $1,276 | $1,357 | $1,335 | $1,693 | $2,531 | $3,190 | $3,644 | $3,747 |
| Inventory | $1,500 | $1,500 | $1,500 | $1,500 | $1,509 | $1,379 | $1,300 | $1,383 | $2,011 | $3,060 | $3,349 | $3,968 | $3,573 |
| Other Current Assets | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 |
| Total Current Assets | $14,200 | $13,914 | $12,584 | $11,283 | $11,781 | $10,168 | $8,049 | $6,245 | $5,780 | $10,181 | $9,197 | $10,039 | $10,383 |
| Long-term Assets | |||||||||||||
| Long-term Assets | $200,000 | $200,000 | $200,000 | $200,000 | $200,000 | $200,000 | $200,000 | $200,000 | $200,000 | $200,000 | $200,000 | $200,000 | $200,000 |
| Accumulated Depreciation | $0 | $1,667 | $3,334 | $5,001 | $6,668 | $8,335 | $10,002 | $11,669 | $13,336 | $15,003 | $16,670 | $18,337 | $20,004 |
| Total Long-term Assets | $200,000 | $198,333 | $196,666 | $194,999 | $193,332 | $191,665 | $189,998 | $188,331 | $186,664 | $184,997 | $183,330 | $181,663 | $179,996 |
| Total Assets | $214,200 | $212,247 | $209,250 | $206,282 | $205,113 | $201,833 | $198,047 | $194,576 | $192,444 | $195,178 | $192,527 | $191,702 | $190,379 |
| 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 | $1,045 | $1,016 | $1,016 | $1,982 | $2,319 | $2,297 | $2,525 | $3,604 | $4,933 | $4,451 | $5,314 | $4,001 |
| Current Borrowing | $2,400 | $2,400 | $2,400 | $2,400 | $2,400 | $2,400 | $2,400 | $2,400 | $2,400 | $2,400 | $2,400 | $2,400 | $4,400 |
| Other Current Liabilities | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $5,800 | $5,800 | $5,800 | $5,800 |
| Subtotal Current Liabilities | $4,400 | $5,445 | $5,416 | $5,416 | $6,382 | $6,719 | $6,697 | $6,925 | $8,004 | $13,133 | $12,651 | $13,514 | $14,201 |
| Long-term Liabilities | $10,000 | $10,000 | $10,000 | $10,000 | $9,917 | $9,833 | $9,750 | $9,667 | $9,583 | $9,500 | $9,417 | $9,333 | $9,250 |
| Total Liabilities | $14,400 | $15,445 | $15,416 | $15,416 | $16,298 | $16,552 | $16,447 | $16,592 | $17,587 | $22,633 | $22,067 | $22,847 | $23,451 |
| Paid-in Capital | $201,600 | $201,600 | $201,600 | $201,600 | $201,600 | $201,600 | $201,600 | $201,600 | $201,600 | $201,600 | $201,600 | $201,600 | $201,600 |
| Retained Earnings | ($1,800) | ($1,800) | ($1,800) | ($1,800) | ($1,800) | ($1,800) | ($1,800) | ($1,800) | ($1,800) | ($1,800) | ($1,800) | ($1,800) | ($1,800) |
| Earnings | $0 | ($2,998) | ($5,966) | ($8,934) | ($10,986) | ($14,519) | ($18,200) | ($21,816) | ($24,943) | ($27,254) | ($29,341) | ($30,945) | ($32,873) |
| Total Capital | $199,800 | $196,802 | $193,834 | $190,867 | $188,814 | $185,281 | $181,600 | $177,984 | $174,857 | $172,546 | $170,459 | $168,855 | $166,927 |
| Total Liabilities and Capital | $214,200 | $212,247 | $209,250 | $206,282 | $205,113 | $201,833 | $198,047 | $194,576 | $192,444 | $195,178 | $192,527 | $191,702 | $190,379 |
| Net Worth | $199,800 | $196,802 | $193,834 | $190,867 | $188,814 | $185,281 | $181,600 | $177,984 | $174,857 | $172,546 | $170,459 | $168,855 | $166,927 |
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