Financial Projections

Sources and Uses of Funds Statement

Source Amount
Management Team Investment $175,000

Grant from Bahamas Government $50,000

Line of Credit with Bank of the Bahamas $180,000

Total Funds Committed $405,000

Total Funds Required $392,050

Cost Item

Kitchen Equipment $50,000

Furniture $9050

Initial Inventory $70,000

Cash $80,000

Retrofitting building $167,000

Sales and Marketing $1000

Other $15,000

Total Required Funds $392,050

Assumptions Sheet
The financial statements depend on important assumptions. The key underlying
assumptions are as follows:

General (Assumptions)

1. Bahamians will develop and maintain a strong interest in healthy eating, and
perhaps change the way they eat.
2. Management Team is able to fund their investment of $175,000.00.
Financial Statements (Assumptions)

Income Statements

1. Sales forecasts are based on the analysis presented in the “marketing”

analysis section of the business plan.
2. Employee compensation has not yet been determined but will be based solely
on qualifications and experience.
3. Operating Expenses includes employee

Balance Sheets

1. The retrofitting of the building and leasing of kitchen equipment are “off the
balance sheet” transactions consistent with normal accounting practices.

Pro Forma Income Statements

REVENUE 2017 2018 2019

Gross Sales 320,000 335,000 350,000
Less sales returns and
allowances

COST OF SALES 70,000 55,000 52,500

Beginning inventory

GROSS PROFIT 250,000 138,000 314,500

OPERATING EXPENSES 392,050 121,000 121,000
Selling

Salaries and wages

Advertising

Depreciation

Total expenses

EBIT

TAXES

NET INCOME -(142050) 17,000 193,500

Pro Forma Cash Flows Statement Year 1, 2, & 3 (Super Foods Deli Business Plan)

Pro Forma Cash Flow Statement (First Three Years of Business)

Year 1 Year 2 Year 3

Beginning Cash Balance 355000 -(22500) 192,000

Cash Inflows 50000 0 0

Income from Sales 320000 335000 350000

Accounts Receivables 0 0 0

Total Inflows 370,000 313,000 542,000

Total Cash Outflows 392,050 121,000 121,000

Operating Cash Balance -(22,050) 192,000 421,000