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Maxi's Food Mart

Prepared on: 24/04/2006


Pro forma Income Statement
2006 2007 2008 2009
Sales
Deli $2,40,000.00 6% $2,57,400.00 6% $2,77,348.50 6% $3,00,229.75 6%
Dairy $7,20,000.00 18% $7,72,200.00 18% $8,32,045.50 18% $9,00,689.25 18%
Cannned Goods $4,80,000.00 12% $5,14,800.00 12% $5,54,697.00 12% $6,00,459.50 12%
Frozen Foods $8,00,000.00 20% $8,58,000.00 20% $9,24,495.00 20% $10,00,765.84 20%
Meats $8,40,000.00 21% $9,00,900.00 21% $9,70,719.75 21% $10,50,804.13 21%
Produce $5,00,000.00 13% $5,36,250.00 13% $5,77,809.38 13% $6,25,478.65 12%
Dry Goods $3,60,000.00 9% $3,86,100.00 9% $4,16,022.75 9% $4,50,344.63 9%
Video Sales $60,000.00 2% $64,350.00 2% $69,337.13 2% $75,057.44 1%
Total Sales $40,00,000.00 $42,90,001.00 $46,22,476.00 $50,03,830.19

Cost of Goods sold


Deli $1,20,000.00 3.00% $1,28,700.00 3.00% $1,38,674.25 3.00% $1,50,114.88 3.00%
Dairy $3,60,000.00 9.00% $3,86,100.00 9.00% $4,16,022.75 9.00% $4,50,344.63 9.00%
Canned Goods $3,60,000.00 9.00% $3,86,100.00 9.00% $4,16,022.75 9.00% $4,50,344.63 9.00%
Forozen Foods $5,20,000.00 13.00% $5,57,700.00 13.00% $6,00,921.75 13.00% $6,50,497.79 13.00%
Meats $4,20,000.00 10.50% $4,50,450.00 10.50% $4,85,359.88 10.50% $5,25,402.06 10.50%
Produce $3,25,000.00 8.13% $3,48,562.50 8.12% $3,75,576.09 8.12% $4,06,561.12 8.12%
Dry Goods $2,37,600.00 5.94% $2,54,826.00 5.94% $2,74,575.02 5.94% $2,97,227.45 5.94%
Video Sales $18,000.00 0.45% $19,305.00 0.45% $20,801.14 0.45% $22,517.23 0.45%
Total Cost of Goods Sold $23,60,600.59 $25,31,744.09 $27,27,954.21 $29,53,010.39
Gross Profit $16,39,399.41 $17,58,256.91 $18,94,521.79 $20,50,819.80

Operating Expense
Sales and Marketing $2,20,000.00 5.50% $2,35,950.06 5.50% $2,54,236.18 5.50% $2,75,210.66 5.50%
General and Administrative $3,50,000.00 8.75% $3,75,375.09 8.75% $4,04,466.65 8.75% $4,37,835.14 8.75%
Depreciation $20,000.00 0.50% $20,000.00 0.47% $20,000.00 0.43% $20,000.00 0.40%
wages $5,03,000.00 12.58% $5,03,000.00 11.72% $5,03,000.00 10.88% $5,03,000.00 10.05%
common costs $2,45,909.91 6.15% $2,63,738.54 6.15% $2,84,178.27 6.15% $3,07,622.97 6.15%
Total Operating Expenses $13,38,910.25 $13,98,064.00 $14,65,881.42 $15,43,669.08

Income before Taxes $3,00,489.16 $3,60,192.90 $4,28,640.37 $5,07,150.72


Income taxes $1,05,171.21 $1,26,067.52 $1,50,024.13 $1,77,502.75
Net Income $1,95,317.96 $2,34,125.39 $2,78,616.24 $3,29,647.97

Mr. Feronti salary 2006 2007 2008 2009


$2,45,909.91 $2,63,738.54 $2,84,178.27 $3,07,622.97 gets salary

Sales comparision 2006


$60,000.00 $2,40,000.00
$3,60,000.00
Deli
$5,00,000.00 Dairy

$7,20,000.00 Cannned
Goods
$4,80,000.00 Frozen Foods
$8,40,000.00

Meats
$8,00,000.00
Produce

Store Items expressed as % of total sales Cost of goods sold expressed as % of


Total sales
2%

9% 6%
Deli 0.45% 3.00%
13% 18% Deli
Dairy 5.94%
9.00% Dairy
Cannned Goods 8.13%
Canned Goods
12% Frozen Foods 9.00%
Forozen Foods
21% 10.50%
Meats Meats
Produce 13.00% Produce
20%
Dry Goods Dry Goods

Video Sales Video Sales

Operating Expense in terms of % of


Total Sales
Sales and Marketing
6.15% 5.50%
General and
Administrative
8.75%
Depreciation
12.58%

wages
wages

0.50% common costs