Financial Projection of Your Startup

Last revised 5/2016. See revision notes on last tab.
Step 1 - Enter info about your company in yellow shaded boxes below.
Starting
Preparer Name Company Name Month Starting Year
Farrukh & Asad$Sohail$Ali The Halal Meat January 2020
Step 2 - Read the following instructions
This Microsoft Excel Workbook is designed to provide those

starting a business or already running a business with
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information that will allow them to make a "go /no-go" decision.
It will help a potential entrepreneur project operating profit, Enter Data Here
develop a projected income statement, balance sheet and cash
flow forecast.
Adjust as Needed
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1
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we strongly recommend that you save a copy of this
spreadsheet under a different name before doing so.
Start-Up Expenses Year 1(Starting Balance Sheet)
Prepared By: Company Name:

Farrukh & Asad$Sohail$Ali The Halal Meat
Fixed Assets Amount Depreciation (years) Notes
Real Estate-Land - Not Depreciated No land required

Real Estate-Buildings $1,080 3 Office required on rent
Leasehold Improvements - 3 No leasehold Improvement
Equipment $300 5 Equipment purchased once only
Furniture and Fixtures $250 furniture
5 and fixtures purchased once only
Vehicles $190 3 contacting with butcher shops
Other $150 5Cost required for maintainance purpose
Total Fixed Assets $ 1,970 Total Assets
Operating Capital Amount Notes

Pre-Opening Salaries and Wages $500 Salaries required for IT staff and Employes
Prepaid Insurance Premiums - No Insurance at start of our project
Inventory - No inventory required
Legal and Accounting Fees $300 Legal and accounting fees yearly required
Rent Deposits $100 Office rent per month
Utility Deposits $100 utility deposits for electricity,gas etc
Supplies - No supplies at initial phase
Advertising and Promotions $625 massive amount of cost required for advertisement
Licenses $75 Required for a professional license
Other Initial Start-Up Costs $100 some initial startup cost required
Working Capital (Cash On Hand) $400 Excessive amount required to avoid failure
Total Operating Capital $ 2,200
Total Required Funds $ 4,170
Sources of Funding Percentage Totals Loan Rate Term in Months Monthly Payments Notes
Owner's Equity 23.98% $1,000
Outside Investors 23.98% $1,000
Additional Loans or Debt
Commercial Loan 23.98% $1,000 9.00% 84 16
Commercial Mortgage 0.00% $0 9.00% 240 -
Credit Card Debt 13.67% $570 7.00% 60 11
Vehicle Loans 0.00% $0 6.00% 48 -
Other Bank Debt 14.39% $600 5.00% 36 18
Total Sources of Funding 100.00% $ 4,170 Cell D 42 must equal cell C31 $ 45
Total Funding Needed $ - You are fully funded (Balanced)
Existing Businesses ONLY -- Calculating Cash on Note: For existing businesses,

Hand
this should be the "bucket" of
Cash - cash plus receivables that will be
+ Accounts Receivable - turned into cash, minus payables
+ Prepaid Expenses - that will be paid out in cash in
- Accounts Payable - the near term (i.e. in the first
months of the plan)
- Accrued Expenses -
Total Cash on Hand $ -
456592608.xlsx 1-StartingPoint 01/23/2020 04:11:20

Payroll Year 1

Farrukh & Asad$Soha
The Halal Meat
Average
Hourly Pay (to
Number of 2 decimal Estimated Estimated
Owners places, ex. Hrs./Week Pay/Month Februar Septemb Annual
Employee Types /Employees $15.23) (per person) (Total) January y March April May June July August er October November December Totals
Owner(s) 4 0.00 0 $ - - - - - - - - - - - - - $ -
Full-Time Employees 6 107.00 48 $ 133,536 133,536 ### 133,536 133,536 133,536 133,536 133,536 133,536 133,536 133,536 133,536 133,536 $ 1,602,432
Part-Time Employees 0 0.00 0 $ - - - - - - - - - - - - - $ -
Independent Contractors 2 18.00 8 $ 1,248 1,248 1,248 1,248 1,248 1,248 1,248 1,248 1,248 1,248 1,248 1,248 1,248 $ 14,976
Total Salaries and Wages 12 $ 125.00 56 $ 134,784 $134,784 ### $134,784 $134,784 $134,784 $134,784 $134,784 $134,784 $134,784 $ 134,784 $ 134,784 $ 134,784 $ 1,617,408
Estimated Taxes
&
Percentage of Benefits/Month Februar Septemb Annual
Payroll Taxes and Benefits Wage Base Limit Salary/Wage (Total) January y March April May June July August er October November December Totals
Social Security $ 117,000 6.20% $ 8,279 8,279 8,279 8,279 8,279 8,279 8,279 8,279 8,279 8,279 8,279 8,279 8,279 $ 99,351
Medicare -- 1.45% $ 1,936 1,936 1,936 1,936 1,936 1,936 1,936 1,936 1,936 1,936 1,936 1,936 1,936 $ 23,235
Federal Unemployment Tax (FUTA) $ 7,000 0.60% $ 42 42 42 42 42 42 42 42 42 42 42 42 42 $ 504
State Unemployment Tax (SUTA) $ 7,000 3.45% $ 242 242 242 242 242 242 242 242 242 242 242 242 242 $ 2,898
Employee Pension Programs -- 0.00% $ - - - - - - - - - - - - - $ -
Worker's Compensation -- 0.00% $ - - - - - - - - - - - - - $ -
Employee Health Insurance -- 0.00% $ - - - - - - - - - - - - - $ -
Other Employee Benefit Programs -- 0.00% $ - - - - - - - - - - - - - $ -
Total Payroll Taxes and Benefits 11.70% $ 10,499 $ 10,499 ### $ 10,499 $ 10,499 $ 10,499 $ 10,499 $ 10,499 $ 10,499 $ 10,499 $ 10,499 $ 10,499 $ 10,499 $ 125,988
Total Salaries and Related Expenses $ 145,283 $145,283 ### $145,283 $145,283 $145,283 $145,283 $145,283 $145,283 $145,283 $ 145,283 $ 145,283 $ 145,283 ###
456592608.xlsx 2a-PayrollYear1 01/23/2020 04:11:20

Payroll Years 1-3

Year 1 Growth Rate 1 Second Growth Rate 2 Third

Employee Types Totals to 2 Year to 3 Year
Owner(s) - 20.0% - 30.0% -
Full-Time Employees 1,602,432 20.0% 1,922,918 30.0% ###
Part-Time Employees - 10.0% - 30.0% -
Independent Contractors 14,976 3.0% 15,425 3.0% 15,888
Total Salaries and Wages $1,617,408 ### ###
Payroll Taxes and Benefits

Social Security 99,351 20.0% 119,221 30.0% 154,987
Medicare 23,235 20.0% 27,882 30.0% 36,247
Federal Unemployment Tax (FUTA) 504 20.0% 605 30.0% 786
State Unemployment Tax (SUTA) 2,898 20.0% 3,478 30.0% 4,521
Employee Pension Programs - 0.0% - 0.0% -
Worker's Compensation - 3.0% - 3.0% -
Employee Health Insurance - 3.0% - 3.0% -
Other Employee Benefit Programs - 10.0% - 10.0% -
Total Payroll Taxes and Benefits $ 125,988 $ 151,186 $196,541
Total Salaries and Related Expenses ### ### ###
456592608.xlsx 2b-PayrollYrs1-3 01/23/2020 04:11:20

Sales Forecst Year 1
Complete This Chart First:
Product Lines Units COGS Per Unit

Sales Price
Per Unit Margin Per Unit
Fish 2000 $ 4.50 $ 4.05 $ 0.45
Chicken 20000 $ 2.30 $ 2.07 $ 0.23
Mutton 5000 $ 6.00 $ 5.40 $ 0.60
Beef 4000 $ 3.00 $2 $ 1.00
Category Category /
Product Lines January February March April May June July August September October November December Annual Totals Breakdown Total
Fish
2000 Sold 500 450 50 0 0 0 0 0 0 50 350 600 2,000 6.5%
Total Sales 2,250 2,025 225 - - - - - - 225 1,575 2,700 $ 9,000 100.0% 9.3%
Total COGS 2,025 1,823 203 - - - - - - 203 1,418 2,430 $ 8,100 90.0% 9.6%
Total Margin 225 203 23 - - - - - - 23 158 270 $ 900 10.0% 7.2%
Chicken
20000 Sold 2,000 2,000 1,500 1,600 1,600 1,550 1,200 1,850 1,600 1,800 1,500 1,800 20,000 64.5%
Total Sales 4,600 4,600 3,450 3,680 3,680 3,565 2,760 4,255 3,680 4,140 3,450 4,140 $ 46,000 100.0% 47.4%
Total COGS 4,140 4,140 3,105 3,312 3,312 3,209 2,484 3,830 3,312 3,726 3,105 3,726 $ 41,400 90.0% 49.0%
Margin 460 460 345 368 368 357 276 426 368 414 345 414 $ 4,600 10.0% 36.8%
Mutton
5000 Sold 1,000 700 550 250 80 70 70 300 150 150 880 800 5,000 16.1%
Total Sales 6,000 4,200 3,300 1,500 480 420 420 1,800 900 900 5,280 4,800 $ 30,000 100.0% 30.9%
Total COGS 5,400 3,780 2,970 1,350 432 378 378 1,620 810 810 4,752 4,320 $ 27,000 90.0% 32.0%
Margin 600 420 330 150 48 42 42 180 90 90 528 480 $ 3,000 10.0% 24.0%
Beef
4000 Sold 800 800 70 100 100 100 150 180 250 400 650 400 4,000 12.9%
Total Sales 2,400 2,400 210 300 300 300 450 540 750 1,200 1,950 1,200 $ 12,000 100.0% 12.4%
Total COGS 1,600 1,600 140 200 200 200 300 360 500 800 1,300 800 $ 8,000 66.7% 9.5%
Margin 800 800 70 100 100 100 150 180 250 400 650 400 $ 4,000 33.3% 32.0%
Product 5
Units Sold 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0%
Total Sales - - - - - - - - - - - - $ - 0.0% 0.0%
Total COGS - - - - - - - - - - - - $ - 0.0% 0.0%
Margin - - - - - - - - - - - - $ - 0.0% 0.0%
Product 6
Units Sold 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0%
Total Sales - - - - - - - - - - - - $ - 0.0% 0.0%
Total COGS - - - - - - - - - - - - $ - 0.0% 0.0%
Margin - - - - - - - - - - - - $ - 0.0% 0.0%
Total Units Sold 4,300 3,950 2,170 1,950 1,780 1,720 1,420 2,330 2,000 2,400 3,380 3,600 31,000
Total Sales $ 15,250 $ 13,225 $ 7,185 $ 5,480 $ 4,460 $ 4,285 $ 3,630 $ 6,595 $ 5,330 $ 6,465 $ 12,255 $ 12,840 $ 97,000
Total Cost of Goods Sold $ 13,165 $ 11,343 $ 6,418 $ 4,862 $ 3,944 $ 3,787 $ 3,162 $ 5,810 $ 4,622 $ 5,539 $ 10,575 $ 11,276 $ 84,500
Total Margin $ 2,085 $ 1,883 $ 768 $ 618 $ 516 $ 499 $ 468 $ 786 $ 708 $ 927 $ 1,681 $ 1,564 $ 12,500
456592608.xlsx 3a-SalesForecastYear1 01/23/2020 04:11:20

Sales Forecast Years 1-3
This sheet will populate based on information in the year
1 Sales Forecast.
Prepared by: Company Name: The included growth rate is just a starting point, if you
can provide a more accurate prediction for each month,
The Halal Meat unlock the sheet (see Directions) and change the value
Farrukh & Asad$Sohail$Ali
for that month. Please note that you will no longer have a
formula in that cell once you change the value, so you
may want to save a copy of this spreadsheet under a
Growth Rate Year 1 to Year 2: 10.00% different name before doing so.
Growth Rate Year 2 to Year 3: 15.00%
Category
Product Lines Year 1 Totals January February March April May June July August September October November December Year 2 Totals Breakdown
Fish
2000 Sold 2000 550 495 55 0 0 0 0 0 0 55 385 660 2,200
Total Sales $ 9,000 2,475 2,228 248 - - - - - - 248 1,733 2,970 $ 9,900 100.0%
Total COGS $ 8,100 2,228 2,005 223 - - - - - - 223 1,559 2,673 $ 8,910 90.0%
Total Margin $ 900 248 223 25 - - - - - - 25 173 297 $ 990 10.0%
Chicken
20000 Sold 20000 2,200 2,200 1,650 1,760 1,760 1,705 1,320 2,035 1,760 1,980 1,650 1,980 22,000
Total Sales $ 46,000 5,060 5,060 3,795 4,048 4,048 3,922 3,036 4,681 4,048 4,554 3,795 4,554 $ 50,600 100.0%
Total COGS $ 41,400 4,554 4,554 3,416 3,643 3,643 3,529 2,732 4,212 3,643 4,099 3,416 4,099 $ 45,540 90.0%
Margin $ 4,600 506 506 380 405 405 392 304 468 405 455 380 455 $ 5,060 10.0%
Mutton
5000 Sold 5000 1,100 770 605 275 88 77 77 330 165 165 968 880 5,500
Total Sales $ 30,000 6,600 4,620 3,630 1,650 528 462 462 1,980 990 990 5,808 5,280 $ 33,000 100.0%
Total COGS $ 27,000 5,940 4,158 3,267 1,485 475 416 416 1,782 891 891 5,227 4,752 $ 29,700 90.0%
Margin $ 3,000 660 462 363 165 53 46 46 198 99 99 581 528 $ 3,300 10.0%
Beef
4000 Sold 4000 880 880 77 110 110 110 165 198 275 440 715 440 4,400
Total Sales 12000 2,640 2,640 231 330 330 330 495 594 825 1,320 2,145 1,320 $ 13,200 100.0%
Total COGS $ 8,000 1,760 1,760 154 220 220 220 330 396 550 880 1,430 880 $ 8,800 66.7%
Margin $ 4,000 880 880 77 110 110 110 165 198 275 440 715 440 $ 4,400 33.3%
Product 5
Sold 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Sales $ - - - - - - - - - - - - - $ - 0.0%
Total COGS $ - - - - - - - - - - - - - $ - 0.0%
Margin $ - - - - - - - - - - - - - $ - 0.0%
Product 6
Sold 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Sales $ - - - - - - - - - - - - - $ - 0.0%
Total COGS $ - - - - - - - - - - - - - $ - 0.0%
Margin $ - - - - - - - - - - - - - $ - 0.0%
Total Units Sold 31000 4,730 4,345 2,387 2,145 1,958 1,892 1,562 2,563 2,200 2,640 3,718 3,960 34,100
Total Sales $ 97,000 $16,775 $ 14,548 $ 7,904 $ 6,028 $ 4,906 $ 4,714 $ 3,993 $ 7,255 $ 5,863 $ 7,112 $ 13,481 $ 14,124 $ 106,700
Total Cost of Goods Sold $ 84,500 $14,482 $ 12,477 $ 7,059 $ 5,348 $ 4,338 $ 4,165 $ 3,478 $ 6,390 $ 5,084 $ 6,092 $ 11,632 $ 12,404 $ 92,950
Total Margin $ 12,500 $ 2,294 $ 2,071 $ 844 $ 680 $ 568 $ 548 $ 515 $ 864 $ 779 $ 1,019 $ 1,849 $ 1,720 $ 13,750
456592608.xlsx 3b-SalesForecastYrs1-3 01/23/2020 04:11:20

Sales Forecast Years 1-3
Category / Year 3 Category Category /

Product Lines Total January February March April May June July August September October November December Totals Breakdown Total
Fish
2000 Sold 6.5% 633 569 63 0 0 0 0 0 0 63 443 1,771 4.6%
Total Sales 9.3% 2,846 2,562 285 - - - - - - 285 1,992 - $ 7,970 100.0% 6.7%
Total COGS 9.6% 2,562 2,305 256 - - - - - - 256 1,793 - $ 7,173 90.0% 6.9%
Total Margin 7.2% 285 256 28 - - - - - - 28 199 - $ 797 10.0% 5.2%
Chicken
20000 Sold 64.5% 2,530 2,530 1,898 2,024 2,024 1,961 1,518 2,340 2,024 2,277 1,898 2,277 25,300 65.8%
Total Sales 47.4% 5,819 5,819 4,364 4,655 4,655 4,510 3,491 5,383 4,655 5,237 4,364 5,237 $ 58,190 100.0% 48.8%
Total COGS 49.0% 5,237 5,237 3,928 4,190 4,190 4,059 3,142 4,844 4,190 4,713 3,928 4,713 $ 52,371 90.0% 50.4%
Margin 36.8% 582 582 436 466 466 451 349 538 466 524 436 524 $ 5,819 10.0% 37.6%
Mutton
5000 Sold 16.1% 1,265 886 696 316 101 89 89 380 190 190 1,113 1,012 6,325 16.4%
Total Sales 30.9% 7,590 5,313 4,175 1,898 607 531 531 2,277 1,139 1,139 6,679 6,072 $ 37,950 100.0% 31.8%
Total COGS 32.0% 6,831 4,782 3,757 1,708 546 478 478 2,049 1,025 1,025 6,011 5,465 $ 34,155 90.0% 32.9%
Margin 24.0% 759 531 417 190 61 53 53 228 114 114 668 607 $ 3,795 10.0% 24.5%
Beef
4000 Sold 12.9% 1,012 1,012 89 127 127 127 190 228 316 506 822 506 5,060 13.2%
Total Sales 12.4% 3,036 3,036 266 380 380 380 569 683 949 1,518 2,467 1,518 $ 15,180 100.0% 12.7%
Total COGS 9.5% 2,024 2,024 177 253 253 253 380 455 633 1,012 1,645 1,012 $ 10,120 66.7% 9.7%
Margin 32.0% 1,012 1,012 89 127 127 127 190 228 316 506 822 506 $ 5,060 33.3% 32.7%
Product 5
Sold 0.0% 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0%
Total Sales 0.0% - - - - - - - - - - - - $ - 0.0% 0.0%
Total COGS 0.0% - - - - - - - - - - - - $ - 0.0% 0.0%
Margin 0.0% - - - - - - - - - - - - $ - 0.0% 0.0%
Product 6
Sold 0.0% 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0%
Total Sales 0.0% - - - - - - - - - - - - $ - 0.0% 0.0%
Total COGS 0.0% - - - - - - - - - - - - $ - 0.0% 0.0%
Margin 0.0% - - - - - - - - - - - - $ - 0.0% 0.0%
Total Units Sold 5,440 4,997 2,745 2,467 2,252 2,176 1,796 2,947 2,530 3,036 4,276 3,795 38,456
Total Sales ### $ 16,730 $ 9,089 $ 6,932 $ 5,642 $ 5,421 $ 4,592 $ 8,343 $ 6,742 $ 8,178 $ 15,503 $ 12,827 $ 119,290
Total Cost of Goods Sold ### $ 14,348 $ 8,118 $ 6,150 $ 4,989 $ 4,790 $ 4,000 $ 7,349 $ 5,847 $ 7,006 $ 13,377 $ 11,190 $ 103,819
Total Margin $ 2,638 $ 2,381 $ 971 $ 782 $ 653 $ 631 $ 592 $ 994 $ 896 $ 1,172 $ 2,126 $ 1,637 $ 15,471
456592608.xlsx 3b-SalesForecastYrs1-3 01/23/2020 04:11:20

Additional Inputs

Accounts Receivable (A/R) Days Sales Outstanding

Percent of Collections Year 1 Year 2 Year 3
Paid within 30 days 100% 100% 100%
Paid between 30 and 60 days 0% 0% 0%
Paid in more than 60 days 0% 0% 0%
Allowance for bad debt 0% 0% 0%
This should equal 100% ----> 100% 100% 100%
Accounts Payable (A/P)

Percent of Disbursements Year 1 Year 2 Year 3
Paid within 30 days 100% 100% 100%
Paid between 30 and 60 days 0% 0% 0%
Paid in more than 60 days 0% 0% 0%
This should equal 100% ----> 100% 100% 100%
Line of Credit Assumptions

Desired Minimum Cash Balance 0
Line of Credit Interest Rate 8.00%
Additional Fixed Assets Purchases

Year 2 Year 3
Fixed Assets Depreciation (years) January February March April May June July August September October November December Year 1 Totals
Total Total
Real Estate 20 $ 600 400 80 - - - - - - - - - $ - $ - $ -

Leasehold Improvements 7 $ - - - - - - - - - - - - $ - $ - $ -
Equipment 7 $ 300 - - $0 - - - $0 - - - $0 $ 300 $400 $425
Furniture and Fixtures 5 $ 100 100 50 - - - $0 - - - - - $ 250 $310 $340
Vehicles 5 $ 190 - - - - - - - - - - - $ - $ - $ -
Other Fixed Assets 5 $ 50 - - - 100 - - - - - - - $ 150 $ - $ -
Total Additional Fixed Assets $ 1,240 $ 500 $ 130 $ - $ 100 $ - $ - $ - $ - $ - $ - $ - $ 700 $ 710 $ 765
Income Tax Assumptions

Effective Income Tax Rate - Year 1 0.0%
Amortization of Start-Up Costs

Amortization Period in Years 3
456592608.xlsx 4-AdditionalInputs 01/23/2020 04:11:20

Operating Expenses Year 1

Septemb Novembe
January February March April May June July August er October r December Annual Totals
Expenses
Advertising $80 $60 $45 $40 $30 $30 $0 - $80 $80 $100 $80 $ 625
Car and Truck Expenses $0 $0 $0 $0 $0 $0 - - $0 $0 $0 $0 $ -
Commissions and Fees - - - - - - - - - - - - $ -
Contract Labor (Not included in payroll) $30 $25 $10 $10 $7 $7 $5 $5 $30 $30 $35 $25 $ 219
Insurance (other than health) - - - - - - - - - - - - $ -
Legal and Professional Services - - - - - - - - - - - $700 $ 700
Licenses $15 - - - - - - - - - - - $ 15
Office Expense $300 $250 - - - - - - - - - - $ 550
Rent or Lease -- Vehicles, Machinery, Equipment - - - - - - - - - - - - $ -
Rent or Lease -- Other Business Property $90 $90 $90 $90 $90 $90 $90 $90 $90 $90 $90 $90 $ 1,080
Repairs and Maintenance - - $100 - - $50 - - $100 - - $50 $ 300
Supplies - - - - - - - - - - - - $ -
Travel, Meals and Entertainment $150 $50 $50 $50 $50 $50 $150 $50 $50 $50 $50 $100 $ 850
Utilities $60 $60 $60 $80 $80 $80 $80 $70 $70 $60 $60 $60 $ 820
Miscellaneous - - - - - - - - - - - - $ -
Total Expenses $ 725 $ 535 $ 355 $ 270 $ 257 $ 307 $ 325 $ 215 $ 420 $ 310 $ 335 $ 1,105 $ 5,159
Other Expenses
Depreciation 47 50 51 51 53 53 53 53 53 53 53 53 $ 625
Interest
Commercial Loan 8 7 7 7 7 7 7 7 7 7 7 7 $ 86
Commercial Mortgage - - - - - - - - - - - - $ -
Credit Card Debt 3 3 3 3 3 3 3 3 3 3 3 3 $ 37
Vehicle Loans - - - - - - - - - - - - $ -
Other Bank Debt 3 2 2 2 2 2 2 2 2 2 2 2 $ 26
Line of Credit - 957 1,927 2,907 3,892 4,886 5,886 6,893 7,904 8,924 9,948 10,975 $ 65,100
Bad Debt Expense - - - - - - - - - - - - $ -
Total Other Expenses $ 60 $ 1,021 $ 1,991 $ 2,971 $ 3,958 $ 4,952 $ 5,952 $ 6,959 $ 7,969 $ 8,989 $ 10,013 $ 11,039 $ 65,873
Total Fixed Operating Expenses $ 785 $ 1,556 $ 2,346 $ 3,241 $ 4,215 $ 5,259 $ 6,277 $ 7,174 $ 8,389 $ 9,299 $ 10,348 $ 12,144 $ 71,032
456592608.xlsx 5a-OpExYear1 01/23/2020 04:11:20

Operating Expenses Years 1-3
Line Item 2020 Growth Rate 1 to 2 2021 Growth Rate 2 to 3 2022

Advertising 625 3.0% 644 3.0% 663
Car and Truck Expenses - 3.0% - 3.0% -
Commissions and Fees - 5.0% - 5.0% -
Contract Labor (Not included in payroll) 219 3.0% 226 3.0% 232
Insurance (other than health) - 3.0% - 3.0% -
Legal and Professional Services 700 3.0% 721 3.0% 743
Licenses 15 5.0% 16 5.0% 17
Office Expense 550 3.0% 567 3.0% 583
Rent or Lease -- Vehicles, Machinery, Equipment - 3.0% - 3.0% -
Rent or Lease -- Other Business Property 1,080 3.0% 1,112 3.0% 1,146
Repairs and Maintenance 300 5.0% 315 5.0% 331
Supplies - 3.0% - 3.0% -
Travel, Meals and Entertainment 850 3.0% 876 3.0% 902
Utilities 820 3.0% 845 3.0% 870
Miscellaneous - 3.0% - 3.0% -
Total Expenses $ 5,159 $ 5,320 $ 5,486
Other Expenses
Depreciation 625 1,412 2,904
Interest
Commercial Loan 86 76 65
Commercial Mortgage - - -
Credit Card Debt 37 29 22
Vehicle Loans - - -
Other Bank Debt 26 16 6
Line of Credit 65,100 227,622 442,623
Bad Debt Expense -
456592608.xlsx 5b-OpExYrs1-3 01/23/2020 04:11:21

Operating Expenses Years 1-3
Total Other Expenses $ 65,873 $ 229,154 $ 445,619

Total Operating Expenses $ 71,032 $ 234,474 $ 451,106
456592608.xlsx 5b-OpExYrs1-3 01/23/2020 04:11:21

Cash Flow Forecast Year 1

Septembe Novembe
January February March April May June July August r October r December Totals
Beginning Balance $ 400 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Cash Inflows
Cash Sales 15,250 13,225 7,185 5,480 4,460 4,285 3,630 6,595 5,330 6,465 12,255 12,840 $ 97,000
Accounts Receivable - - - - - - - - - - - - $ -
Total Cash Inflows $ 15,250 $ 13,225 $ 7,185 $ 5,480 $ 4,460 $ 4,285 $ 3,630 $ 6,595 $ 5,330 $ 6,465 $ 12,255 $ 12,840 $ 97,000
Cash Outflows
Investing Activities
New Fixed Asset Pur - 500 130 - 100 - - - - - - - $ 730
Additional Inventory - - - - - - - - - - - - $ -
Cost of Goods Sold 13,165 11,343 6,418 4,862 3,944 3,787 3,162 5,810 4,622 5,539 10,575 11,276 $ 84,500
Operating Activities
Operating Expenses 725 535 355 270 257 307 325 215 420 310 335 1,105 $ 5,159
Payroll 145,283 145,283 145,283 145,283 145,283 145,283 145,283 145,283 145,283 145,283 145,283 145,283 ###
Taxes - - - - - - - - - - - - $ -
Financing Activities
Loan Payments 45 45 45 45 45 45 45 45 45 45 45 45 $ 544
Owners Distribution $ -
Line of Credit Interest 957 1,927 2,907 3,892 4,886 5,886 6,893 7,904 8,924 9,948 10,975 $ 65,100
Line of Credit Repayments $ -
Dividends Paid $ -
Total Cash Outflows $159,218 $158,663 $154,158 $153,367 $153,522 $154,308 $154,702 $158,246 $ 158,275 $160,101 $166,186 $168,684 ###
Net Cash Flows ### ### ### ### ### ### ### ### $(152,945) ### ### ### ###
Operating Cash Balance ### ### ### ### ### ### ### ### $(152,945) ### ### ###
Line of Credit Drawdown $143,568 $145,438 $146,973 $147,887 $149,062 $150,023 $151,072 $151,651 $ 152,945 $153,636 $153,931 $155,844 ###
Ending Cash Balance $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Line of Credit Balance ### ### ### ### ### ### ### ### ### ### ### ###
456592608.xlsx 6a-CashFlowYear1 01/23/2020 04:11:21

Cash Flow Forecast Years 1-3
NOTE: To only view the annual total side-by-side, highlight columns C through N
Prepared By: Company Name: and right-click. Then select "Hide". Use the same procedure to Hide columns P through AA
B, O and AB, right-click and select "Unhide".
Farrukh & Asad$SThe Halal Meat
Year 1 Totals January February March April May June July August
Beginning Balance $ - $ - $ - $ - $ - $ - $ - $ -
Cash Inflows
Cash Sales ### 16,775 14,548 7,904 6,028 4,906 4,714 3,993 7,255
Accounts Receivable $ - - - - - - - - -
Total Cash Inflows ### $ 16,775 $ 14,548 $ 7,904 $ 6,028 $ 4,906 $ 4,714 $ 3,993 $ 7,255
Cash Outflows
New Fixed Asset P $730 59 59 59 59 59 59 59 59
Additional Invento $ - - - - - - - - -
Cost of Goods Sol ### 14,482 12,477 7,059 5,348 4,338 4,165 3,478 6,390
Operating Expens ### 443 443 443 443 443 443 443 443
Payroll ### 174,127 174,127 174,127 174,127 174,127 174,127 174,127 174,127
Taxes $ - - - - - - - - -
Loan Payments $544 45 45 45 45 45 45 45 45
Line of Credit Interes ### 12,014 13,243 14,482 15,737 17,002 18,276 19,559 20,850
Line of Credit Repay $ -
Dividends Paid $ -
Total Cash Outflows ### $201,170 $200,395 $196,216 $195,761 $196,016 $197,117 $197,712 $201,916
Net Cash Flows ### ### ### ### ### ### ### ### ###
Operating Cash Balance ### ### ### ### ### ### ### ###
Line of Credit Drawdown ### $184,395 $185,847 $188,313 $189,733 $191,110 $192,403 $193,719 $194,662
Ending Cash Balance $ - $ - $ - $ - $ - $ - $ - $ -
456592608.xlsx 6b-CashFlowYrs1-3 01/23/2020 04:11:21

Line of Credit Balance ### ### ### ### ### ### ### ###

nual total side-by-side, highlight columns C through N

ct "Hide". Use the same procedure to Hide columns P through AA. To show them again, highlight columns
d select "Unhide".
Septembe Novembe Decembe

r October r r Year 2 Totals
Beginning Balance $ - $ - $ - $ -
Cash Inflows
Cash Sales 5,863 7,112 13,481 14,124 $ 106,700
Accounts Receivable - - - - $ -
Total Cash Inflows $ 5,863 $ 7,112 $ 13,481 $ 14,124 $ 106,700
Cash Outflows
New Fixed Asset P 59 59 59 59 $ 710
Additional Invento - - - - $ -
Cost of Goods Sol 5,084 6,092 11,632 12,404 $ 92,950
Operating Expens 443 443 443 443 $ 5,320
Payroll 174,127 174,127 174,127 174,127 $2,089,529
Taxes - - - -
Loan Payments 45 45 45 45 $ 543
Line of Credit Interes 22,148 23,455 24,769 26,086 $ 227,622
Dividends Paid $ -
Total Cash Outflows $ 201,908 $204,223 $211,076 $213,165 $2,416,674
Net Cash Flows $(196,045) ### ### ### ###
Operating Cash Balance $(196,045) ### ### ###
Line of Credit Drawdown $ 196,045 $197,111 $197,595 $199,041 $2,309,974
Ending Cash Balance $ - $ - $ - $ -

Line of Credit Balance ### ### ### ###

Septemb
January February March April May June July August er
Beginning Balance $ - $ - $ - $ - $ - $ - $ - $ - $ -
Cash Inflows
Cash Sales 19,291 16,730 9,089 6,932 5,642 5,421 4,592 8,343 6,742
Accounts Receivable - - - - - - - - -
Total Cash Inflows 19,291 16,730 9,089 6,932 5,642 5,421 4,592 8,343 6,742
Cash Outflows
New Fixed Asset P 64 64 64 64 64 64 64 64 64
Additional Invento - - - - - - - - -
Cost of Goods Sol 16,654 14,348 8,118 6,150 4,989 4,790 4,000 7,349 5,847
Operating Expens 457 457 457 457 457 457 457 457 457
Payroll 226,019 226,019 226,019 226,019 226,019 226,019 226,019 226,019 226,019
Taxes - - - - - - - - -
Loan Payments 45 45 45 45 45 45 45 45 45
Owners Distribution
Line of Credit Interes 27,413 29,089 30,778 32,487 34,209 35,943 37,689 39,447 41,214
Line of Credit Repay
Dividends Paid
Total Cash Outflows $270,652 $270,022 $265,481 $265,222 $265,783 $267,318 $268,274 $273,381 $273,646
Net Cash Flows ### ### ### ### ### ### ### ### ###
Operating Cash Balance ### ### ### ### ### ### ### ### ###
Line of Credit Drawdown $251,361 $253,293 $256,392 $258,290 $260,141 $261,898 $263,682 $265,038 $266,903
Ending Cash Balance $ - $ - $ - $ - $ - $ - $ - $ - $ -

Line of Credit Balance ### ### ### ### ### ### ### ### ###

Novembe Decembe
October r r Year 3 Totals
Beginning Balance $ - $ - $ -
Cash Inflows
Cash Sales 8,178 15,503 12,827 $ 119,290
Accounts Receivable - - - $ -
Total Cash Inflows 8,178 15,503 12,827 $ 119,290
Cash Outflows
New Fixed Asset P 64 64 64 $ 765
Additional Invento - - - $ -
Cost of Goods Sol 7,006 13,377 11,190 $ 103,819
Operating Expens 457 457 457 $ 5,486
Payroll 226,019 226,019 226,019 $ 2,712,223
Taxes - - - $ -
Loan Payments 45 45 45 $ 544
Line of Credit Interes 42,993 44,783 46,578 $ 442,623
Dividends Paid $ -
Total Cash Outflows $276,584 $284,744 $284,353 $ 3,265,461
Net Cash Flows ### ### ### $ (3,146,171)
Operating Cash Balance ### ### ###
Line of Credit Drawdown $268,406 $269,242 $271,526 $ 3,146,171
Ending Cash Balance $ - $ - $ -

Line of Credit Balance ### ### ###

Income Statement Year 1

January February March April May June July August

Revenue
Fish 2,250 2,025 225 - - - - -
Chicken 4,600 4,600 3,450 3,680 3,680 3,565 2,760 4,255
Mutton 6,000 4,200 3,300 1,500 480 420 420 1,800
Beef 2,400 2,400 210 300 300 300 450 540
Product 5 - - - - - - - -
Product 6 - - - - - - - -
Total Revenue $ 15,250 $ 13,225 $ 7,185 $ 5,480 $ 4,460 $ 4,285 $ 3,630 $ 6,595
Cost of Goods Sold
Fish 2,025 1,823 203 - - - - -
Chicken 4,140 4,140 3,105 3,312 3,312 3,209 2,484 3,830
Mutton 5,400 3,780 2,970 1,350 432 378 378 1,620
Beef 1,600 1,600 140 200 200 200 300 360
Product 5 - - - - - - - -
Product 6 - - - - - - - -
Total Cost of Goods Sold $ 13,165 $ 11,343 $ 6,418 $ 4,862 $ 3,944 $ 3,787 $ 3,162 $ 5,810
Gross Margin $ 2,085 $ 1,883 $ 768 $ 618 $ 516 $ 499 $ 468 $ 786
Payroll $145,283 $145,283 $145,283 $145,283 $145,283 $145,283 $145,283 $145,283
Operating Expenses
Advertising 80 60 45 40 30 30 - -
Car and Truck Expenses - - - - - - - -
Commissions and Fees - - - - - - - -
Contract Labor (Not included in payroll) 30 25 10 10 7 7 5 5
Insurance (other than health) - - - - - - - -
Legal and Professional Services - - - - - - - -
Licenses 15 - - - - - - -
Office Expense 300 250 - - - - - -
456592608.xlsx 7a-IncomeStatementYear1 01/23/2020 04:11:21

Rent or Lease -- Vehicles, Machinery, Equipment - - - - - - - -

Rent or Lease -- Other Business Property 90 90 90 90 90 90 90 90
Repairs and Maintenance - - 100 - - 50 - -
Supplies - - - - - - - -
Travel, Meals and Entertainment 150 50 50 50 50 50 150 50
Utilities 60 60 60 80 80 80 80 70
Miscellaneous - - - - - - - -
Other Expense 1
Other Expense 2
Total Operating Expenses $ 725 $ 535 $ 355 $ 270 $ 257 $ 307 $ 325 $ 215
Income (Before Other Expenses) ### ### ### ### ### ### ### ###
Other Expenses
Amortized Start-up Expenses 50 50 50 50 50 50 50 50
Depreciation 47 50 51 51 53 53 53 53
Interest
Commercial Loan 8 7 7 7 7 7 7 7
Commercial Mortgage - - - - - - - -
Credit Card Debt 3 3 3 3 3 3 3 3
Vehicle Loans - - - - - - - -
Other Bank Debt 3 2 2 2 2 2 2 2
Line of Credit - 957 1,927 2,907 3,892 4,886 5,886 6,893
Bad Debt Expense - - - - - - - -
Total Other Expenses 110 1,071 2,041 3,021 4,008 5,002 6,002 7,009
Net Income Before Income Tax ### ### ### ### ### ### ### ###
Income Tax $ - $ - $ - $ - $ - $ - $ - $ -
Net Profit/Loss ### ### ### ### ### ### ### ###

September October November December Annual Totals
- 225 1,575 2,700 $ 9,000

3,680 4,140 3,450 4,140 $ 46,000
900 900 5,280 4,800 $ 30,000
750 1,200 1,950 1,200 $ 12,000
- - - - $ -
- - - - $ -
$ 5,330 $ 6,465 $ 12,255 $ 12,840 $ 97,000
- 203 1,418 2,430 $ 8,100

3,312 3,726 3,105 3,726 $ 41,400
810 810 4,752 4,320 $ 27,000
500 800 1,300 800 $ 8,000
- - - - $ -
- - - - $ -
$ 4,622 $ 5,539 $ 10,575 $ 11,276 $ 84,500
$ 708 $ 927 $ 1,681 $ 1,564 $ 12,500
$ 145,283 $145,283 ### $ 145,283 $ 1,743,396
80 80 100 80 $ 625
- - - - $ -
- - - - $ -
30 30 35 25 $ 219
- - - - $ -
- - - 700 $ 700
- - - - $ 15
- - - - $ 550

- - - - $ -
90 90 90 90 $ 1,080
100 - - 50 $ 300
- - - - $ -
50 50 50 100 $ 850
70 60 60 60 $ 820
- - - - $ -
$ 420 $ 310 $ 335 $ 1,105 $ 5,159

$ (144,995) ### ### ### $ (1,736,055)
50 50 50 50 $ 600
53 53 53 53 $ 625
7 7 7 7 $ 86
- - - - $ -
3 3 3 3 $ 37
- - - - $ -
2 2 2 2 $ 26
7,904 8,924 9,948 10,975 $ 65,100
- - - - $ -
8,019 9,039 10,063 11,089 $ 66,473
$ (153,014) ### ### ### $ (1,802,528)
$ - $ - $ - $ - $ -
$ (153,014) ### ### ### $ (1,802,528)

Income Statement Years 1-3
Revenue 2020 2021 2022

Fish 9,000 9,900 7,970
Chicken 46,000 50,600 58,190
Mutton 30,000 33,000 37,950
Beef 12,000 13,200 15,180
Product 5 - - -
Product 6 - - -
Total Revenue $ 97,000 100% $ 106,700 100% $ 119,290 100%
Cost of Goods Sold
Fish 8,100 8,910 7,173
Chicken 41,400 45,540 52,371
Mutton 27,000 29,700 34,155
Beef 8,000 8,800 10,120
Product 5 - - -
Product 6 - - -
Total Cost of Goods Sold 84,500 87% 92,950 87% 103,819 87%
Gross Margin 12,500 13% 13,750 13% 15,471 13%
Payroll 1,743,396 2,089,529 2,712,223
Operating Expenses
Advertising 625 644 663
Car and Truck Expenses - - -
Commissions and Fees - - -
Contract Labor (Not included in payroll) 219 226 232
Insurance (other than health) - - -
Legal and Professional Services 700 721 743
Licenses 15 16 17
Office Expense 550 567 583
Rent or Lease -- Vehicles, Machinery, Equipment - - -
Rent or Lease -- Other Business Property 1,080 1,112 1,146
Repairs and Maintenance 300 315 331
Supplies - - -
Travel, Meals and Entertainment 850 876 902
Utilities 820 845 870
Miscellaneous - - -
Other Expense 1
Other Expense 2
Total Operating Expenses $ 5,159 5% $ 5,320 5% $ 5,486 5%

Income (Before Other Expenses) $ (1,736,055) -1790% $ (2,081,099) -1950% ### -2265%
Other Expenses
Amortized Start-up Expenses 600 600 600
Depreciation 625 1,412 2,904
Interest
Commercial Loan 86 76 65
Commercial Mortgage - - -
Credit Card Debt 37 29 22
Vehicle Loans - - -
Other Bank Debt 26 16 6

Line of Credit 65,100 227,622 442,623
Bad Debt Expense - - -

Total Other Expenses $ 66,473 69% $ 229,754 215% $ 446,219 374%
Net Income Before Income Tax $ (1,802,528) $ (2,310,853) ###

Income Tax $ - $ - $ -
Net Income/Loss $ (1,802,528) -1858% $ (2,310,853) -2166% ### -2639%
456592608.xlsx 7b-IncomeStatementYrs1-3 01/23/2020 04:11:21

Balance Sheet Years 1-3

ASSETS 2020 2021 2022

Current Assets
Cash - - -
Accounts Receivable - - -
Inventory - - -
Prepaid Expenses 1,133 567 -
Other Initial Costs 67 33 -
Total Current Assets $ 1,200 $ 600 $ -
Fixed Assets
Real Estate -- Land - - -
Real Estate -- Buildings - - -
Leasehold Improvements - - -
Equipment 300 700 1,125
Furniture and Fixtures 250 560 900
Vehicles - - -
Other 150 150 150
Total Fixed Assets $ 700 $ 1,410 $ 2,175
(Less Accumulated Depreciation) $ 625 $ 2,037 $ 4,940
Total Assets $ 1,275 $ (27) $ (2,766)
LIABILITIES & EQUITY

Liabilities
Accounts Payable - - -
Commercial Loan Balance 893 775 647
Commercial Mortgage Balance - - -
Credit Card Debt Balance 471 366 252
Vehicle Loans Balance - - -
Other Bank Debt Balance 410 210 0
Line of Credit Balance 1,802,030 4,112,004 7,258,175
Total Liabilities $ 1,803,803 $ 4,113,355 $ 7,259,074
Equity
Common Stock
Retained Earnings (1,802,528) (4,113,382) (7,261,839)
Dividends Dispersed/Owners Draw - - -
Total Equity $ (1,802,528) $ (4,113,382) $ (7,261,839)
Total Liabilities and Equity $ 1,275 $ (27) $ (2,766)
$ - $ - $ -
Balance sheet in or out of balance?
Balanced! Balanced! Balanced!
456592608.xlsx 8-BalanceSheet 01/23/2020 04:11:21

Breakeven Analysis

Gross Margin % of Sales

Gross Margin $ 12,500
Total Sales $ 97,000
Gross Margin/Total Sales 12.9%
Total Fixed Expenses
$ 1,743,396.05
Payroll
$ 71,032.45
Operating Expenses
Operating + Payroll $ 1,814,428
Breakeven Sales in Dollars (Annual)
12.9%
Gross Margin % of Sales
$ 1,814,428
Total Fixed Expenses
$ 14,079,965
Yearly Breakeven Amount
Monthly Breakeven Amount $ 1,173,330
456592608.xlsx BreakevenAnalysis 01/23/2020 04:11:21

Financial Ratios - Year 1

Ratios Year One Year Two Year Three Industry Norms Notes
Liquidity
Current Ratio 0.0 0.0 0.0
Quick Ratio 0.0 0.0 0.0
Safety
Debt to Equity Ratio -1.0 -1.0 -1.0
Debt-Service Coverage Ratio - DSCR -1.0 -0.6 -0.4
Profitability
Sales Growth 0.0% 10.0% 11.8%
COGS to Sales 87.1% 87.1% 87.0%
Gross Profit Margin 12.9% 12.9% 13.0%
SG&A to Sales 1802.6% 1963.3% 2278.2%
Net Profit Margin -1858.3% -2165.7% -2639.3%
Return on Equity (ROE) 100.0% 56.2% 43.4%
Return on Assets -141374.8% ### 113827.1%
Owner's Compensation to Sales 0.0% 0.0% 0.0%
Efficiency
Days in Receivables 0.0 0.0 0.0
Accounts Receivable Turnover 0.0 0.0 0.0
Days in Inventory 0.0 0.0 0.0
Inventory Turnover 0.0 0.0 0.0
Sales to Total Assets 76.1 -3951.9 -43.1
456592608.xlsx FinancialRatios 01/23/2020 04:11:22

Diagnostic Tools - Year 1

General Financing Assumptions Value Findings

Owner's Cash Injection into the Business 24.0% Owner's injection is reasonable
Cash Request as percent of Total Required Funds 9.6% Cash request seems reasonable with respect to total request
Loan Assumptions Value Findings

Commercial Loan Interest rate 9.0% Interest rate seems reasonable
Commercial Loan Term in Months 84 Loan term seems within range for this type of loan
Commercial Mortgage Interest rate 9.0% Interest rate seems reasonable
Commercial Mortgage Term in Months 240 Loan term seems within range for this type of loan
Debt-Service Coverage -99.9% Calculated loan payments relative to operating profit seem reasonable
Income Statement Value Findings

Gross Margin as a Percent of Sales 12.9% Gross margin percentage seems very low
Owner's Compensation Lower Limit Check $ - An owner's compensation amount has not been established
Owner's Compensation Upper Limit Check 0.0% Owner's compensation seems reasonable
Advertising Expense Levels as a Percent of Sales 0.6% Advertising as a percent of sales may be too low
Profitability Levels ### The business is not showing a profit
Profitability as a Percent of Sales -1858.3% The projection does not seem highly unreasonable
Cash Flow Statement Value Findings

Desired Operating cash Flow Levels ### The financial projection provides the desired level of cash flow
Line of Credit Drawdowns ### The business will need at least this level of a line of credit
Accounts Receivable Ratio to Sales 0.0% Accounts receivable amount as a percent of sales seems reasonable
Balance Sheet Value Findings

Does the Year 1 Balance Sheet Balance? $ - The balance sheet does balance
Debt to Equity Ratio -100.1% Very comfortable
Breakeven Analysis Value Findings

Do Sales Exceed the Breakeven Level? ### The sales projection is less than the break-even amount
456592608.xlsx DiagnosticTools 01/23/2020 04:11:22

COGS Calculator

Variable Costs of Products

Timeframe: Month
Product Line: Widget
Raw materials -
Labor used to produce product
Costs associated with shipping and storing raw materials
Production facility expenses (use fraction of total if facility is used for other
items)
Total Product Expenses $ -
Number Units Sold in timeframe used
Cost of Goods Sold Per Unit Please enter all information.
Variable Costs of Services

Timeframe: Month
Product Line: Project
Amount spent on labor during timeframe
Amount spent on materials during this timeframe
List any other variable costs associated with the delivery of your service during
this timeframe.
Total Service Expenses $ -
Number Units Sold During Timeframe
Cost of Goods Sold Per Unit Please enter all information.
456592608.xlsx COGS Calculator 01/23/2020 04:11:22

Amortization and Depreciation Schedule

Farrukh & Asad$Sohail$Ali The Halal Meat Return to Starting Point
Commercial Loan
Principal Amount $ 1,000
Interest Rate 9.00%
Loan Term in Months 84.00
Monthly Payment Amount $16.09
January February March April May June July August September October
Year One
Interest 8 7 7 7 7 7 7 7 7 7
Principal 9 9 9 9 9 9 9 9 9 9
Loan Balance 991 983 974 965 956 947 939 929 920 911
Year Two
Interest 7 7 7 6 6 6 6 6 6 6
Principal 9 9 10 10 10 10 10 10 10 10
Loan Balance 883 874 864 855 845 835 825 815 805 795
Year Three
Interest 6 6 6 6 6 5 5 5 5 5
Principal 10 10 10 11 11 11 11 11 11 11
Loan Balance 765 754 744 733 723 712 701 691 680 669
Commercial Mortgage
Principal Amount $ -
Interest Rate 9.00%
Year One
Interest - - - - - - - - - -
Principal - - - - - - - - - -
Loan Balance - - - - - - - - - -
Year Two
Interest - - - - - - - - - -
Principal - - - - - - - - - -
Loan Balance - - - - - - - - - -
Year Three
Interest - - - - - - - - - -
Principal - - - - - - - - - -
Loan Balance - - - - - - - - - -
Credit Card Debt

Principal Amount $ 570.00
Interest Rate 7.00%
Year One
Interest 3 3 3 3 3 3 3 3 3 3
Principal 8 8 8 8 8 8 8 8 8 8
Loan Balance 562 554 546 538 530 522 513 505 497 488
Year Two
Interest 3 3 3 3 3 2 2 2 2 2
Principal 9 9 9 9 9 9 9 9 9 9
Loan Balance 463 454 446 437 428 419 411 402 393 384
Year Three
Interest 2 2 2 2 2 2 2 2 2 2
Principal 9 9 9 9 9 9 9 10 10 10
Loan Balance 356 347 338 329 319 310 300 291 281 272
Vehicle Loans
Principal Amount $ -
Interest Rate 6.00%
Year One
Interest - - - - - - - - - -
Principal - - - - - - - - - -
Loan Balance - - - - - - - - - -
Year Two
Interest - - - - - - - - - -
Principal - - - - - - - - - -
Loan Balance - - - - - - - - - -
Year Three
Interest - - - - - - - - - -
Principal - - - - - - - - - -
Loan Balance - - - - - - - - - -
Other Bank Debt

Principal Amount $600.00
Interest Rate 5.00%
Year One
Interest 3 2 2 2 2 2 2 2 2 2
Principal 15 16 16 16 16 16 16 16 16 16
Loan Balance 585 569 553 538 522 506 490 474 458 442
Year Two
Interest 2 2 2 2 1 1 1 1 1 1
Principal 16 16 16 16 17 17 17 17 17 17
Loan Balance 394 377 361 344 328 311 295 278 261 244
Year Three
Interest 1 1 1 1 1 1 0 0 0 0
Principal 17 17 17 17 17 17 18 18 18 18
Loan Balance 193 176 159 141 124 106 89 71 54 36
Depreciation
Real Estate-Buildings 3
Leasehold Improvements 3
Equipment 5
Furniture and Fixtures 5
Vehicles 3
Other 5
Year One
Starting Depreciation 47 47 50 51 51 53 53 53 53 53
Additional Depreciation - 3 1 - 2 - - - - -
Ending Depreciation 47 50 51 51 53 53 53 53 53 53
Year Two
Additional Depreciation 10 10 10 10 10 10 10 10 10 10
Year Three
Additional Depreciation 11 11 11 11 11 11 11 11 11 11
Ending Deprecation 183 194 204 215 226 237 247 258 269 280
Amortization of Start-Up
Costs Monthly
Prepaid Expenses $ 1,700
Total Expensed each Year $ 567 47
Other Initial Costs $ 100
Total Expensed each Year $ 33 3
Prepaid Expenses January February March April May June July August September October
Year One
Amount Amortized 47 47 47 47 47 47 47 47 47 47
Total Amortized 47 94 142 189 236 283 331 378 425 472
Year Two
Total Amortized 614 661 708 756 803 850 897 944 992 1,039
Year Three
Total Amortized 1,181 1,228 1,275 1,322 1,369 1,417 1,464 1,511 1,558 1,606
Septembe
Other Initial Costs January February March April May June July August r October
Year One
Total Amortized 3 6 8 11 14 17 19 22 25 28
Year Two
Year Three
Ending Deprecation 69 72 75 78 81 83 86 89 92 94
November December Totals
7 7 $ 86
9 9 $ 107
902 893
6 6 $ 76
10 10 $ 118
785 775
5 5 $ 65
11 11 $ 129
658 647

- - $ -
- - $ -
- -
- - $ -
- - $ -
- -
- - $ -
- - $ -
- -
3 3 $ 37
8 8 $ 99
480 471
1 2 $ 29
9 9 $ 106
375 366
2 2 $ 22
10 10 $ 113
262 252
- - $ -
- - $ -
- -
- - $ -
- - $ -
- -
- - $ -
- - $ -
- -
2 2 $ 26
16 16 $ 190
426 410
1 1 $ 16
17 17 $ 200
227 210
0 0 $ 6
18 18 $ 210
18 0
53 53 $ 619
- -
53 53 $ 625
152 162 $ 1,293

10 10
162 172 $ 1,412
280 290 $ 2,775

11 11
290 301 $ 2,904
47 47 $ 567
519 567
47 47 $ 567
1,086 1,133
47 47 $ 567
1,653 1,700
Novembe Decembe
r r Totals
3 3 $ 33
31 33
3 3 $ 33
64 67
3 3 $ 33
97 100
Date Last Revised Revised By Notes
Tab 3a, cell O55: added margin from 6th product.

Tab 3b, cells O49 and AD49: added margins from 6th
product. Tab 7b: added % sales for lines 23 and 59
6/21/2013 Heather Hendy for all three years.
Updated Tabs 5a, 5b, 7a, and 7b to automatically

carry over debt categories from Tab 1 in case they
are edited. Updated Tabs 5b, 7a and 7b to carry over
expense categories from tab 5a in case they are
7/14/2013 Heather Hendy edited.
Tab 8 Balance Sheet Cell F41 comes from E41 + tab

6b cell AB24 + tab 6b cell AB27.
However tab 6b cell AB27 did not have a sum total in
the cell.
So when paying Dividends in Year 3 the total for the
year is not calculated and carried over to the Balance
4/23/2014 Heather Hendy Sheet. This has now been updated.
Comments were added to the calculation for Social

Security taxes to clarify that salaries above the wage
base limited ($117,000 currently) will cause the
estimate to be overstated and will require manual
11/12/2015 Joe Clarke calculation.
2/10/2016 Joe Clarke Corrected an error (typo) in Amortization Table.
Corrected an error in the calculation of Income Tax

for Year 3 on Tab 7b and set defaults on Tab 4 to
4/3/2016 Joe Clarke those needed by most startups.
Corrected the calculation of income tax on Tabs 7a

and 7b to realize interest expenses from all loan
5/18/2016 Joe Clarke types as well as bad debt.
Tab 3 b 1-3 year sales forecast correct formula in col

Q and col AF referenced the incorrect totals at the
bottom of the sheet. Col Q, The incorrect formula
was referencing cell O52, O53, O54, O55 needed to
reference O46, O47, O48, O49. Col AF, The incorrect
formula was referencing cell O52, O53, O54, O55
6/7/2018 Michael Gilman needed to reference AD46, AD47, AD48, AD49.
Updated on the Amortization&Depreciation tab rows

122 and 126 all the formluas were incorrectly
dividing the number twice by 12 months it should
have been only divided once. I have changed it and
1/29/2019 Michael Gilman verified everything updates correctly now.
Updated missing forumla on Additional Input sheet
2/19/2019 Mihcael Gilman P31 should be =sum(D31:O31)

Financial Projection of Your Startup

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Financial Projection of Your Startup

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Last revised 5/2016. See revision notes on last tab.

Step 2 - Read the following instructions

This Microsoft Excel Workbook is designed to provide those

Comments will have a beige background. Each comment may

The cells with formulas in this workbook are locked. If changes

Prepared By: Company Name:

Fixed Assets Amount Depreciation (years) Notes

Real Estate-Land - Not Depreciated No land required

Operating Capital Amount Notes

Existing Businesses ONLY -- Calculating Cash on Note: For existing businesses,

456592608.xlsx 1-StartingPoint 01/23/2020 04:11:20

Prepared By: Company Name:

456592608.xlsx 2a-PayrollYear1 01/23/2020 04:11:20

Prepared By: Company Name:

Year 1 Growth Rate 1 Second Growth Rate 2 Third

Payroll Taxes and Benefits

Total Salaries and Related Expenses ### ### ###

456592608.xlsx 2b-PayrollYrs1-3 01/23/2020 04:11:20

Prepared By: Company Name:

Farrukh & Asad$Sohail$Ali The Halal Meat

Complete This Chart First:

Product Lines Units COGS Per Unit

456592608.xlsx 3a-SalesForecastYear1 01/23/2020 04:11:20

456592608.xlsx 3b-SalesForecastYrs1-3 01/23/2020 04:11:20

Category / Year 3 Category Category /

456592608.xlsx 3b-SalesForecastYrs1-3 01/23/2020 04:11:20

Prepared By: Company Name:

Accounts Receivable (A/R) Days Sales Outstanding

Accounts Payable (A/P)

Line of Credit Assumptions

Additional Fixed Assets Purchases

Real Estate 20 $ 600 400 80 - - - - - - - - - $ - $ - $ -

Income Tax Assumptions

Amortization of Start-Up Costs

456592608.xlsx 4-AdditionalInputs 01/23/2020 04:11:20

Prepared By: Company Name:

456592608.xlsx 5a-OpExYear1 01/23/2020 04:11:20

Prepared By: Company Name:

Farrukh & Asad$Sohail$Ali The Halal Meat

Line Item 2020 Growth Rate 1 to 2 2021 Growth Rate 2 to 3 2022

456592608.xlsx 5b-OpExYrs1-3 01/23/2020 04:11:21

Total Other Expenses $ 65,873 $ 229,154 $ 445,619

456592608.xlsx 5b-OpExYrs1-3 01/23/2020 04:11:21

Prepared By: Company Name:

456592608.xlsx 6a-CashFlowYear1 01/23/2020 04:11:21

456592608.xlsx 6b-CashFlowYrs1-3 01/23/2020 04:11:21

456592608.xlsx 6b-CashFlowYrs1-3 01/23/2020 04:11:21

nual total side-by-side, highlight columns C through N

Septembe Novembe Decembe

456592608.xlsx 6b-CashFlowYrs1-3 01/23/2020 04:11:21

Line of Credit Balance ### ### ### ###

456592608.xlsx 6b-CashFlowYrs1-3 01/23/2020 04:11:21

456592608.xlsx 6b-CashFlowYrs1-3 01/23/2020 04:11:21

456592608.xlsx 6b-CashFlowYrs1-3 01/23/2020 04:11:21

456592608.xlsx 6b-CashFlowYrs1-3 01/23/2020 04:11:21

Line of Credit Balance ### ### ###

456592608.xlsx 6b-CashFlowYrs1-3 01/23/2020 04:11:21

Prepared By: Company Name:

January February March April May June July August

456592608.xlsx 7a-IncomeStatementYear1 01/23/2020 04:11:21

Rent or Lease -- Vehicles, Machinery, Equipment - - - - - - - -

456592608.xlsx 7a-IncomeStatementYear1 01/23/2020 04:11:21

September October November December Annual Totals