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Maxi's Grocery Mart

Pro Forma Income Statement


2006

2007

2008

2009

$240,000.00
$720,000.00
$480,000.00
$800,000.00
$840,000.00
$500,000.00
$360,000.00
$60,000.00
$4,000,000.00

$257,400.00
$772,200.00
$514,800.00
$858,000.00
$900,900.00
$536,250.00
$386,100.00
$64,350.00
$4,290,000.00

$277,348.50
$832,045.50
$554,697.00
$924,495.00
$970,719.75
$577,809.38
$416,022.75
$69,337.13
$4,622,475.00

$300,229.75
$900,689.25
$600,459.50
$1,000,765.84
$1,050,804.13
$625,478.65
$450,344.63
$75,057.44
$5,003,829.19

Deli
Dairy
Canned Goods
Frozen Foods
Meats
Produce
Dry Goods
Video Sales

$120,000.00
$360,000.00
$360,000.00
$520,000.00
$420,000.00
$325,000.00
$237,600.00
$18,000.00

$128,700.00
$386,100.00
$386,100.00
$557,700.00
$450,450.00
$348,562.50
$254,826.00
$19,305.00

$138,674.25
$416,022.75
$416,022.75
$600,921.75
$485,359.88
$375,576.09
$274,575.02
$20,801.14

$150,114.88
$450,344.63
$450,344.63
$650,497.79
$525,402.06
$406,561.12
$297,227.45
$22,517.23

Total Cost of
Goods Sold
Gross Profit

$2,342,600.00
$1,657,400.00

$2,512,438.50
$1,777,561.50

$2,707,152.48
$1,915,322.52

$2,930,492.56
$2,073,336.62

$220,000.00

$235,950.00

$254,236.13

$275,210.61

$350,000.00
$20,000.00
$503,000.00
$248,610.00

$375,375.00
$20,000.00
$503,000.00
$266,634.23

$404,466.56
$20,000.00
$503,000.00
$287,298.38

$437,835.05
$20,000.00
$503,000.00
$311,000.49

$1,341,610.00

$1,400,959.23

$1,469,001.06

$1,547,046.15

$315,790.00
$110,526.50
$205,263.50

$376,602.28
$131,810.80
$244,791.48

$446,321.45
$156,212.51
$290,108.94

$526,290.47
$184,201.66
$342,088.81

Sales
Deli
Dairy
Canned Goods
Frozen Foods
Meats
Produce
Dry Goods
Video Sales

Total Sales
Cost of Goods
Sold

Operating
Expenses
Sales and
Marketing
General and
Administrative
Depreciation
Wages
Common Costs

Total
Operating
Expenses
Income Before
Taxes
Income Taxes

Net Income

INPUT
SECTION

Growth and Taxes Rates


2007 Growth:
2008 Growth:
2009 Growth:
Tax Rate %:

No of employees
on wages

Maxi's Food Mart


Assumptions and Additional Information
Salary
7.25%
7.75% Manager: $
8.25% Ass. Manager: $
35 Employee W/h:$
Mr Feronti in %:

17

55000
40000
12
15

Maxi's Grocery Mart


Pro Forma Income Statement
2006

2007

2008

2009

$240,000.00
$720,000.00
$480,000.00
$800,000.00
$840,000.00
$500,000.00
$360,000.00
$60,000.00
$4,000,000.00

$261,600.00
$784,800.00
$523,200.00
$872,000.00
$915,600.00
$545,000.00
$392,400.00
$65,400.00
$4,360,000.00

$286,452.00
$859,356.00
$572,904.00
$954,840.00
$1,002,582.00
$596,775.00
$429,678.00
$71,613.00
$4,774,200.00

$315,097.20
$945,291.60
$630,194.40
$1,050,324.00
$1,102,840.20
$656,452.50
$472,645.80
$78,774.30
$5,251,620.00

Deli
Dairy
Canned Goods
Frozen Foods
Meats
Produce
Dry Goods
Video Sales

$120,000.00
$360,000.00
$360,000.00
$520,000.00
$420,000.00
$325,000.00
$237,600.00
$18,000.00

$130,800.00
$392,400.00
$392,400.00
$566,800.00
$457,800.00
$354,250.00
$258,984.00
$19,620.00

$143,226.00
$429,678.00
$429,678.00
$620,646.00
$501,291.00
$387,903.75
$283,587.48
$21,483.90

$157,548.60
$472,645.80
$472,645.80
$682,710.60
$551,420.10
$426,694.13
$311,946.23
$23,632.29

Total Cost of
Goods Sold
Gross Profit

$2,342,600.00
$1,657,400.00

$2,553,434.00
$1,806,566.00

$2,796,010.23
$1,978,189.77

$3,075,611.25
$2,176,008.75

$220,000.00

$239,800.00

$262,581.00

$288,839.10

$350,000.00
$20,000.00
$503,000.00
$248,610.00

$381,500.00
$20,000.00
$503,000.00
$270,984.90

$417,742.50
$20,000.00
$503,000.00
$296,728.47

$459,516.75
$20,000.00
$503,000.00
$326,401.31

$1,341,610.00

$1,415,284.90

$1,500,051.97

$1,597,757.16

$315,790.00
$110,526.50
$205,263.50

$391,281.10
$136,948.39
$254,332.72

$478,137.80
$167,348.23
$310,789.57

$578,251.58
$202,388.05
$375,863.53

Sales
Deli
Dairy
Canned Goods
Frozen Foods
Meats
Produce
Dry Goods
Video Sales

Total Sales
Cost of
Goods Sold

Operating
Expenses
Sales and
Marketing
General and
Administrative
Depreciation
Wages
Common Costs

Total
Operating
Expenses
Income Before
Taxes
Income Taxes

Net Income

INPUT
SECTION

Growth and Taxes Rates


2007 Growth:
2008 Growth:
2009 Growth:
Tax Rate %:

No of employees
on wages

Maxi's Food Mart


Assumptions and Additional Information
Salary
9.00%
9.50% Manager: $
10.00% Ass. Manager: $
35 Employee W/h:$
Mr Feronti in %:

17

55000
40000
12
15

Maxi's Grocery Mart


Pro Forma Income Statement
2006

2007

2008

2009

$240,000.00
$720,000.00
$480,000.00
$800,000.00
$840,000.00
$500,000.00
$360,000.00
$60,000.00
$4,000,000.00

$249,600.00
$748,800.00
$499,200.00
$832,000.00
$873,600.00
$520,000.00
$374,400.00
$62,400.00
$4,160,000.00

$262,080.00
$786,240.00
$524,160.00
$873,600.00
$917,280.00
$546,000.00
$393,120.00
$65,520.00
$4,368,000.00

$276,494.40
$829,483.20
$552,988.80
$921,648.00
$967,730.40
$576,030.00
$414,741.60
$69,123.60
$4,608,240.00

Deli
Dairy
Canned Goods
Frozen Foods
Meats
Produce
Dry Goods
Video Sales

$120,000.00
$360,000.00
$360,000.00
$520,000.00
$420,000.00
$325,000.00
$237,600.00
$18,000.00

$124,800.00
$374,400.00
$374,400.00
$540,800.00
$436,800.00
$338,000.00
$247,104.00
$18,720.00

$131,040.00
$393,120.00
$393,120.00
$567,840.00
$458,640.00
$354,900.00
$259,459.20
$19,656.00

$138,247.20
$414,741.60
$414,741.60
$599,071.20
$483,865.20
$374,419.50
$273,729.46
$20,737.08

Total Cost of
Goods Sold
Gross Profit

$2,342,600.00
$1,657,400.00

$2,436,304.00
$1,723,696.00

$2,558,119.20
$1,809,880.80

$2,698,815.76
$1,909,424.24

$220,000.00

$228,800.00

$240,240.00

$253,453.20

$350,000.00
$20,000.00
$503,000.00
$248,610.00

$364,000.00
$20,000.00
$503,000.00
$258,554.40

$382,200.00
$20,000.00
$503,000.00
$271,482.12

$403,221.00
$20,000.00
$503,000.00
$286,413.64

$1,341,610.00

$1,374,354.40

$1,416,922.12

$1,466,087.84

$315,790.00
$110,526.50
$205,263.50

$349,341.60
$122,269.56
$227,072.04

$392,958.68
$137,535.54
$255,423.14

$443,336.41
$155,167.74
$288,168.66

Sales
Deli
Dairy
Canned Goods
Frozen Foods
Meats
Produce
Dry Goods
Video Sales

Total Sales
Cost of
Goods Sold

Operating
Expenses
Sales and
Marketing
General and
Administrative
Depreciation
Wages
Common Costs

Total
Operating
Expenses
Income Before
Taxes
Income Taxes

Net Income

INPUT
SECTION

Growth and Taxes Rates


2007 Growth:
2008 Growth:
2009 Growth:
Tax Rate %:

No of employees
on wages

Maxi's Food Mart


Assumptions and Additional Information
Salary
4.00%
5.00% Manager: $
5.50% Ass. Manager: $
35 Employee W/h:$
Mr Feronti in %:

17

55000
40000
12
15

2006
$900,000.00

Sales
Deli
Dairy
Canned Goods
Frozen Foods
Meats
Produce
Dry Goods
Video Sales
Total Sales

$240,000.00
$720,000.00
$480,000.00
$800,000.00
$840,000.00
$500,000.00
$360,000.00
$60,000.00
$4,000,000.00

$800,000.00
$700,000.00
$600,000.00
$500,000.00
$400,000.00
$300,000.00
$200,000.00
$100,000.00
$0.00
Deli

2006 Sales

Dairy

Canned
Goods

Frozen
Foods

Meats

Produce

Dry Goods Video Sales

Maxi's Grocery Mart


Pro Forma Income Statement
2006

2007

2008

2009

$240,000.00
$720,000.00
$480,000.00
$800,000.00
$840,000.00
$500,000.00
$360,000.00
$60,000.00
$4,000,000.00

$257,400.00
$772,200.00
$514,800.00
$858,000.00
$900,900.00
$536,250.00
$386,100.00
$64,350.00
$4,290,000.00

$277,348.50
$832,045.50
$554,697.00
$924,495.00
$970,719.75
$577,809.38
$416,022.75
$69,337.13
$4,622,475.00

$300,229.75
$900,689.25
$600,459.50
$1,000,765.84
$1,050,804.13
$625,478.65
$450,344.63
$75,057.44
$5,003,829.19

Deli
Dairy
Canned Goods
Frozen Foods
Meats
Produce
Dry Goods
Video Sales

$120,000.00
$360,000.00
$360,000.00
$520,000.00
$420,000.00
$325,000.00
$237,600.00
$18,000.00

$128,700.00
$386,100.00
$386,100.00
$557,700.00
$450,450.00
$348,562.50
$254,826.00
$19,305.00

$138,674.25
$416,022.75
$416,022.75
$600,921.75
$485,359.88
$375,576.09
$274,575.02
$20,801.14

$150,114.88
$450,344.63
$450,344.63
$650,497.79
$525,402.06
$406,561.12
$297,227.45
$22,517.23

Total Cost of
Goods Sold
Gross Profit

$2,342,600.00
$1,657,400.00

$2,512,438.50
$1,777,561.50

$2,707,152.48
$1,915,322.52

$2,930,492.56
$2,073,336.62

$220,000.00

$235,950.00

$254,236.13

$275,210.61

$350,000.00
$20,000.00
$571,000.00
$132,592.00

$375,375.00
$20,000.00
$571,000.00
$142,204.92

$404,466.56
$20,000.00
$571,000.00
$153,225.80

$437,835.05
$20,000.00
$571,000.00
$165,866.93

$1,293,592.00

$1,344,529.92

$1,402,928.49

$1,469,912.59

$363,808.00
$127,332.80
$236,475.20

$433,031.58
$151,561.05
$281,470.53

$512,394.03
$179,337.91
$333,056.12

$603,424.03
$211,198.41
$392,225.62

Sales
Deli
Dairy
Canned Goods
Frozen Foods
Meats
Produce
Dry Goods
Video Sales

Total Sales
Cost of
Goods Sold

Operating
Expenses
Sales and
Marketing
General and
Administrative
Depreciation
Wages
Common Costs

Total
Operating
Expenses
Income Before
Taxes
Income Taxes

Net Income

INPUT
SECTION

Growth and Taxes Rates


2007 Growth:
2008 Growth:
2009 Growth:
Tax Rate %:

No of employees
on wages

Maxi's Food Mart


Assumptions and Additional Information
Salary
7.25%
7.75% Manager: $
8.25% Ass. Manager: $
35 Employee W/h:$
Mr Feronti in %:

17

55000
40000
14
8

$450,000.00

$400,000.00

$350,000.00

$300,000.00

$250,000.00
New Net Income
Original Net Income

$200,000.00

$150,000.00

$100,000.00

$50,000.00

$0.00
2006

2007

2008

2009

Maxi's Grocery Mart


Pro Forma Income Statement
2006

2007

2008

2009

$240,000.00
$720,000.00
$480,000.00
$800,000.00
$840,000.00
$500,000.00
$360,000.00
$60,000.00
$4,000,000.00

$257,400.00
$772,200.00
$514,800.00
$858,000.00
$900,900.00
$536,250.00
$386,100.00
$64,350.00
$4,290,000.00

$277,348.50
$832,045.50
$554,697.00
$924,495.00
$970,719.75
$577,809.38
$416,022.75
$69,337.13
$4,622,475.00

$300,229.75
$900,689.25
$600,459.50
$1,000,765.84
$1,050,804.13
$625,478.65
$450,344.63
$75,057.44
$5,003,829.19

Deli
Dairy
Canned Goods
Frozen Foods
Meats
Produce
Dry Goods
Video Sales

$120,000.00
$360,000.00
$360,000.00
$520,000.00
$420,000.00
$325,000.00
$237,600.00
$18,000.00

$128,700.00
$386,100.00
$386,100.00
$557,700.00
$450,450.00
$348,562.50
$254,826.00
$19,305.00

$138,674.25
$416,022.75
$416,022.75
$600,921.75
$485,359.88
$375,576.09
$274,575.02
$20,801.14

$150,114.88
$450,344.63
$450,344.63
$650,497.79
$525,402.06
$406,561.12
$297,227.45
$22,517.23

Total Cost of
Goods Sold
Gross Profit

$2,342,600.00
$1,657,400.00

$2,512,438.50
$1,777,561.50

$2,707,152.48
$1,915,322.52

$2,930,492.56
$2,073,336.62

$220,000.00

$235,950.00

$254,236.13

$275,210.61

$350,000.00
$20,000.00
$551,000.00
$248,610.00

$375,375.00
$20,000.00
$551,000.00
$266,634.23

$404,466.56
$20,000.00
$551,000.00
$287,298.38

$437,835.05
$20,000.00
$551,000.00
$311,000.49

$1,389,610.00

$1,448,959.23

$1,517,001.06

$1,595,046.15

$267,790.00
$93,726.50
$174,063.50

$328,602.28
$115,010.80
$213,591.48

$398,321.45
$139,412.51
$258,908.94

$478,290.47
$167,401.66
$310,888.81

Sales
Deli
Dairy
Canned Goods
Frozen Foods
Meats
Produce
Dry Goods
Video Sales

Total Sales
Cost of
Goods Sold

Operating
Expenses
Sales and
Marketing
General and
Administrative
Depreciation
Wages
Common Costs

Total
Operating
Expenses
Income Before
Taxes
Income Taxes

Net Income

INPUT
SECTION

Growth and Taxes Rates


2007 Growth:
2008 Growth:
2009 Growth:
Tax Rate %:

No of employees
on wages

Maxi's Food Mart


Assumptions and Additional Information
Salary
7.25%
7.75% Manager: $
8.25% Ass. Manager: $
35 Employee W/h:$
Mr Feronti in %:

19

55000
40000
12
15

$400,000.00

$350,000.00

$300,000.00

$250,000.00

New Net Income

$200,000.00

Original Net Income


$150,000.00

$100,000.00

$50,000.00

$0.00
2006

2007

2008

2009

Maxi's Grocery Mart


Pro Forma Income Statement
2006

2007

2008

2009

$240,000.00
$720,000.00
$480,000.00
$800,000.00
$840,000.00
$500,000.00
$360,000.00
$60,000.00
$4,000,000.00

$257,400.00
$772,200.00
$514,800.00
$858,000.00
$900,900.00
$536,250.00
$386,100.00
$64,350.00
$4,290,000.00

$277,348.50
$832,045.50
$554,697.00
$924,495.00
$970,719.75
$577,809.38
$416,022.75
$69,337.13
$4,622,475.00

$300,229.75
$900,689.25
$600,459.50
$1,000,765.84
$1,050,804.13
$625,478.65
$450,344.63
$75,057.44
$5,003,829.19

Deli
Dairy
Canned Goods
Frozen Foods
Meats
Produce
Dry Goods
Video Sales

$120,000.00
$360,000.00
$360,000.00
$520,000.00
$420,000.00
$325,000.00
$237,600.00
$18,000.00

$128,700.00
$386,100.00
$386,100.00
$557,700.00
$450,450.00
$348,562.50
$254,826.00
$19,305.00

$138,674.25
$416,022.75
$416,022.75
$600,921.75
$485,359.88
$375,576.09
$274,575.02
$20,801.14

$150,114.88
$450,344.63
$450,344.63
$650,497.79
$525,402.06
$406,561.12
$297,227.45
$22,517.23

Total Cost of
Goods Sold
Gross Profit

$2,342,600.00
$1,657,400.00

$2,512,438.50
$1,777,561.50

$2,707,152.48
$1,915,322.52

$2,930,492.56
$2,073,336.62

$220,000.00

$235,950.00

$254,236.13

$275,210.61

$350,000.00
$20,000.00
$503,000.00
$248,610.00

$375,375.00
$20,000.00
$503,000.00
$266,634.23

$404,466.56
$20,000.00
$503,000.00
$287,298.38

$437,835.05
$20,000.00
$503,000.00
$311,000.49

$1,341,610.00

$1,400,959.23

$1,469,001.06

$1,547,046.15

$315,790.00
$110,526.50
$205,263.50

$376,602.28
$131,810.80
$244,791.48

$446,321.45
$156,212.51
$290,108.94

$526,290.47
$184,201.66
$342,088.81

Sales
Deli
Dairy
Canned Goods
Frozen Foods
Meats
Produce
Dry Goods
Video Sales

Total Sales
Cost of
Goods Sold

Operating
Expenses
Sales and
Marketing
General and
Administrative
Depreciation
Wages
Common Costs

Total
Operating
Expenses
Income Before
Taxes
Income Taxes

Net Income

INPUT
SECTION

Growth and Taxes Rates


2007 Growth:
2008 Growth:
2009 Growth:
Tax Rate %:

No of employees
on wages

Maxi's Food Mart


Assumptions and Additional Information
Salary
7.25%
7.75% Manager: $
8.25% Ass. Manager: $
35 Employee W/h:$
Mr Feronti in %:

17

55000
40000
12
15

Maxi's Grocery Mart


Pro Forma Income Statement
2006

2007

2008

2009

$150,000.00
$450,000.00
$300,000.00
$500,000.00
$525,000.00
$312,500.00
$225,000.00
$37,500.00
$2,500,000.00

$160,875.00
$482,625.00
$321,750.00
$536,250.00
$563,062.50
$335,156.25
$241,312.50
$40,218.75
$2,681,250.00

$173,342.81
$520,028.44
$346,685.63
$577,809.38
$606,699.84
$361,130.86
$260,014.22
$43,335.70
$2,889,046.88

$187,643.59
$562,930.78
$375,287.19
$625,478.65
$656,752.58
$390,924.16
$281,465.39
$46,910.90
$3,127,393.24

Deli
Dairy
Canned Goods
Frozen Foods
Meats
Produce
Dry Goods
Video Sales

$75,000.00
$225,000.00
$225,000.00
$325,000.00
$262,500.00
$203,125.00
$148,500.00
$11,250.00

$80,437.50
$241,312.50
$241,312.50
$348,562.50
$281,531.25
$217,851.56
$159,266.25
$12,065.63

$86,671.41
$260,014.22
$260,014.22
$375,576.09
$303,349.92
$234,735.06
$171,609.38
$13,000.71

$93,821.80
$281,465.39
$281,465.39
$406,561.12
$328,376.29
$254,100.70
$185,767.16
$14,073.27

Total Cost of
Goods Sold
Gross Profit

$1,464,125.00
$1,035,875.00

$1,570,274.06
$1,110,975.94

$1,691,970.30
$1,197,076.57

$1,831,557.85
$1,295,835.39

$137,500.00

$147,468.75

$158,897.58

$172,006.63

$218,750.00
$20,000.00
$503,000.00
$155,381.25

$234,609.38
$20,000.00
$503,000.00
$166,646.39

$252,791.60
$20,000.00
$503,000.00
$179,561.49

$273,646.91
$20,000.00
$503,000.00
$194,375.31

$1,034,631.25

$1,071,724.52

$1,114,250.67

$1,163,028.85

$1,243.75
$435.31
$808.44

$39,251.42
$13,738.00
$25,513.42

$82,825.91
$28,989.07
$53,836.84

$132,806.54
$46,482.29
$86,324.25

Sales
Deli
Dairy
Canned Goods
Frozen Foods
Meats
Produce
Dry Goods
Video Sales

Total Sales
Cost of Goods
Sold

Operating
Expenses
Sales and
Marketing
General and
Administrative
Depreciation
Wages
Common Costs

Total Operating
Expenses
Income Before
Taxes
Income Taxes

Net Income

INPUT SECTION

Growth and Taxes Rates


2007 Growth:
2008 Growth:
2009 Growth:
Tax Rate %:

No of employees
on wages

Maxi's Food Mart


Assumptions and Additional Information
Salary
7.25%
7.75% Manager: $
8.25% Ass. Manager: $
35 Employee W/h:$
Mr Feronti in %:

17

55000
40000
12
15