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Kultur Dokumente
Table of Contents
.........................................................................................................................................................................28
7.1 Important Assumptions.........................................................................................................................29
Table: General Assumptions...................................................................................................................29
.....................................................................................................................................................................29
Table: Investment Analysis....................................................................................................................30
.....................................................................................................................................................................30
Chart: Benchmarks..................................................................................................................................31
7.4 Break-even Analysis.............................................................................................................................32
Table: Break-even Analysis....................................................................................................................32
Chart: Break-even Analysis....................................................................................................................33
7.5 Projected Profit and Loss......................................................................................................................34
Chart: Gross Margin Yearly...................................................................................................................34
Table: Profit and Loss.............................................................................................................................35
Chart: Profit Monthly..............................................................................................................................36
Chart: Profit Yearly.................................................................................................................................36
Chart: Gross Margin Monthly................................................................................................................37
7.6 Projected Cash Flow.............................................................................................................................37
Chart: Cash..............................................................................................................................................37
Table: Cash Flow....................................................................................................................................38
.....................................................................................................................................................................38
7.7 Projected Balance Sheet........................................................................................................................39
Table: Balance Sheet...............................................................................................................................39
7.8 Business Ratios.....................................................................................................................................39
Table: Ratios...........................................................................................................................................40
Table: Sales Forecast.........................................................................................................................................1
...........................................................................................................................................................................1
Table: Personnel................................................................................................................................................2
Table: General Assumptions.............................................................................................................................3
...........................................................................................................................................................................3
Table: Profit and Loss.......................................................................................................................................4
...........................................................................................................................................................................5
Table: Cash Flow..............................................................................................................................................6
...........................................................................................................................................................................6
Table: Balance Sheet.........................................................................................................................................7
Page 2
Page 1
Highlights
$7,000,000
$6,000,000
$5,000,000
Sales
$4,000,000
Gross Margin
$3,000,000
Net Profit
$2,000,000
$1,000,000
$0
Year 1
Year 2
Year 3
Year 4
Year 5
1.1 Objectives
The company's objective is to build quality, full-service FECs that will command the approval of
the predominantly LDS community which it serves.
Our goals include:
1. A 10% market share in our first year.
2. An modest increase in our gross margins within the second year of operation
3. An increase in our market share by a minimum of 10% for each of our first five years.
Currently, there ARE no quality FECs in Weber County, or the surrounding areas (for a radius of
50 miles). The company believes that by entering the marketplace first and by establishing
quality facilities, it will become, and remain, a leader in the FEC industry in the Northern
Wasatch Front.
Our fundamental objective is to realize how we impact the community that we do business in,
knowing that we will stand the test of time if the local residents approve and support our
center.
1.2 Mission
I&B Investments sole purpose is to establish a profitable and well managed company while at
the same time creating an atmosphere of fun and excitement for the entire family,
with activities designed to please the local residents, as well as the substantial tourist base of
the Northern Wasatch Front.
Page 2
Page 3
Limited Partners:
Page 4
Start-up Funding
Start-up Expenses to Fund
Start-up Assets to Fund
Total Funding Required
$229,575
$5,277,925
$5,507,500
Assets
Non-cash Assets from Start-up
Cash Requirements from Start-up
Additional Cash Raised
Cash Balance on Starting Date
Total Assets
$5,077,925
$200,000
$0
$200,000
$5,277,925
$890,000
$3,652,500
$0
$0
$4,542,500
Capital
Planned Investment
Seed Investor/Partner #1
Seed Investor/Partner #2
Seed Investor/Partner #3
Seed Investor/Partner #4
Seed Investor/Partner #5
Seed Investor/Partner #6
Seed Investor/Partner #7
Seed Investor/Partner #8
Seed Investor/Partner #9
Seed Investor/Partner #10
Seed Investor/Partner #11
Start-up Investor/Secure Partner #1
Start-up Investor/Secure Partner #2
Start-up Investor/Secure Partner #3
Start-up Investor/Secure Partner #4
Additional Investment Requirement
Total Planned Investment
$5,000
$5,000
$2,500
$2,500
$2,500
$2,500
$5,000
$12,500
$12,500
$12,500
$12,500
$222,500
$222,500
$222,500
$222,500
$0
$965,000
($229,575)
$735,425
$5,277,925
Total Funding
$5,507,500
Page 5
Start-up
$5,000,000
$4,000,000
$3,000,000
$2,000,000
$1,000,000
$0
Expenses
Assets
Investment
Loans
Table: Start-up
Start-up
Requirements
Start-up Expenses
Seed/Development Stage Cost
Professional Fees
Commercial Loan/Mortgage Points Cost
Sweat Equity Cost
Total Start-up Expenses
$35,000
$60,000
$109,575
$25,000
$229,575
Start-up Assets
Cash Required
Other Current Assets
Long-term Assets
Total Assets
$200,000
$0
$5,077,925
$5,277,925
Total Requirements
$5,507,500
Page 6
Amount
$0
$15,000
$150,000
$50,000
$50,000
$175,000
$140,000
$225,000
$800,000
$217,000
$35,000
$167,000
$4,000
$688,000
$90,000
$45,000
$14,000
$20,000
$500,000
$200,000
$3,570,000
$1,000,000
$300,000
$4,870,000
$1,217,500
$0
$0
$3,652,500
$109,575
$1,327,075
$4,979,575
$24,611,225
Page 7
Page 8
Page 9
Gross pop.
Age 5-75
Weber
196,533
171,297
Box Elder
42,750
37,308
Davis
238,994
209,794
+ Change
1950s
20,410
1960s
16,600
1970s
40,800
1980s
25,510
1990s
42,111
2000s
51,170
2010s
52,149
2020s
50,030
2030s
65,703
Page 10
Age 15 to 24
Age 25 to 34
Age 35 to 54 w/ older children
Market Analysis
Potential Customers
Growth
Age 15 to 24
Age 25 to 34
Age 35 to 54 w/ older children
Total
7%
2%
9%
6.65%
Year 1
Year 2
Year 3
Year 4
Year 5
90,450
66,800
125,250
282,500
96,329
68,136
136,523
300,988
102,590
69,499
148,810
320,899
109,258
70,889
162,203
342,350
116,360
72,307
176,801
365,468
CAGR
6.50%
2.00%
9.00%
6.65%
Page 11
County
Davis
$42,500
Morgan
$42,000
Weber
$37,500
Box Elder
$35,000
Cache
$34,000
Rich
$28,000
Page 12
1850
1900
1920
1940
1960
1980
100,000
2000
2,300,000
Page 13
ARS
MSRC
17.11
7.512
830
372
5.128
2.051
1.820
0.680
3.552
0.255
0.866
0.203
11.366
3.188
Let me interpret this table for you. In 1998, ARS had $17.111 million in total sales in Weber
County and employed 830 people. The employment number is a person count and not full-time
equivalents. You need to divide the employment number by perhaps "4" to get the full-time
equivalents (jobs). Total compensation is employee income plus proprietor income plus rental
income plus interest income generated by the business type.
So, in the case of ARS total compensation was $5.128 million of which $1.820 went to
employees (wages and salaries) and $3.552 million went to owners (proprietors) as net profit.
Indirect business taxes are basically sales taxes generated by the business types according to
Don Snyder. So, ARS generated about $866,000 in sales taxes during in Weber County in
1998. Total value added is basically total sales less what would be equivalent to the cost of
goods sold.
So, in 1998 ARS generated $17.111 million in sales of which $11.366 million could be
attributed to the value added by labor, management, etc. by persons in Weber County. This
suggests that ARS made purchases of about $5.745 million (17.111 11.366) from sources
outside of the county to be able to generate $17.111 million in sales.
Economic Multipliers for Weber County Amusement Industries
The following are some of the key economic multipliers you should use to judge the impact of
your proposed business.
Type and Value of Multiplier
Page 14
ARS
MSRC
Output Multiplier
1.50
1.73
1.57
2.65
Employment Compensation
1.52
1.82
1.48
2.12
Employment
1.17
1.24
The interpretation on these would be as follows: The output multiplier of 1.50 for ARS would
indicate that for each $1 in sales for this industry that an additional $0.50 is generated in sales
in the County. For example, if your business generates $1 million in sales then that $1 and an
additional $500,000 would be generated in sales for the County each year for a total of $1.5
million after the multiplier effect.
The indirect business taxes multiplier for ARS is 1.57. This means that for every $1 in sales
taxes generated by your business that an additional $0.57 in sales taxes will be generated in
Weber County. For example, if your company generates $10,000 in sales taxes an additional
$5,700 in sales taxes will be generated by other economic activity in Weber County as a result
of the economic multiplier effect (57% * $10,000).
The total value added multiplier for ARS is 1.48. This indicates that for each $1 in economic
value generated by the business above the costs of inputs purchased from outside of the
County would generate an additional $0.48 in value added for the County economy. This
roughly means that if gross profit for the company is $1 then gross profit in the entire county
will increase by $1.48 million (this figure includes the $1 in gross profit for your business and
the $480,000 that would be generated for other businesses in the County)
The employment multiplier for ARS is 1.17. This suggests that for every person you employ in
your business that another 0.17 jobs will be created in the county. So, if you employ 50 people
then, besides your 50 jobs, another 8.5 jobs will be created in the County (0.17 * 50).
Remember that these are jobs and not full-time equivalents since many of these people will be
part timers.
4.3.1 Competition and Buying Patterns
The Amusement Industry is unique in that it has little inventory. Yet, should the need arise
there exists a large network of suppliers for everything in the facility. All of these sources ship
overnight which reduces the requirement for a large on-hand inventory.
"Being locally owned, you can design and operate your facility to be connected with the
community and fine-tune to meet their needs. You have to be part of the community to be
successful." - Economy Affects FEC Biz - October 01, 2001 Amusement Business.com.
I&B Investments is a business focusing on family entertainment where there will be sports and
activities that all ages can participate in and enjoy as individuals or as a group. It is where
grandparents can take grandchildren of all ages (it makes a great date night or family outing).
The simplicity of the activities enables anyone to experience excitement without having to know
how to play like a pro. Miniature golf and other related activities (that require minimum
strength and athletic ability) are some of the highest-rated family participation sports in the
United States.
Page 15
Page 16
Page 17
Price
Quantity
Go-carts
$5.50
7,000/month
Mini-golf
$5.50
7,000/month
Driving range
$5.50
560/month
$10.00
600/month
Sky-coaster
$15.00
560/month
$1.00
1,620/month
Climbing walls
$1.50
600/month
Bumper boats
$4.50
560/month
Restaurant
$3.75
10,500/month
Souvenirs
$9.50
250/month
Party rooms
$25.00
240/month
$0.50
672/month
All business expenses are detailed in the financials topics. All other direct cost were precalculated and added into the Sales Forecast table.
5.2.2 Promotion Strategy
I&B Investments' first objective in promoting our center will be to capitalize on the power of the
WORD OF MOUTH.
In every business it is a well-known fact that word-of-mouth advertising is any businesses' best
friend or worst enemy. Yet, this does not preclude the fact that announcements, placing
advertisements in the local newspapers and our future planned website are not just as
important in reaching new customers and will be employed as follows:
Advertising
Getting our positioning message to the public, "family recreation," where fun and customer
service is paramount.
Utah's State Tourist Dept
Keeping them aware of our center and all current promotions.
Go-cart Track Signs
Local businesses can buy sign footage and have their signs placed around the track like you
would see around any race track.
Freeway & Site Signs
Self explanatory.
Sales Brochure
Informing the public of all the activities found and offered at the center.
Page 18
Page 19
10% of 418,399 people = 41,839 customers per year, each spending $81.26 per year, or
$8.50 per visit and visiting 9.5 times a year.
Or, using our projected average per person expenditures = $8.50 x 1,225 customers daily =
$10,412 x 313 days a year = $3,259,112 per year.
This means that we can meet or exceed our projected income if approximately one out of three
possible customers visits our center once a year and spends a minimum of $8.50 on that visit.
2006 shows increase in sales caused by the opening of Phase 2.
The following chart shows I&B Investments Projected Sales Forecast and the annual projections
for the next five years. Monthly figures are detailed in the appendix. To see activities pricing
break down & projected numbers used see topic 4.2.
Table: Sales Forecast
Sales Forecast
Year 1
Year 2
Year 3
Year 4
Year 5
Amusement
Bumper Boats
Mini-Golf
Go-Carts
Gaming Center
Sky Coaster
Batting Cages
Climbing Walls
Air/Foosball
Souvenirs
Party Rooms
Food & Drinks
Total Sales
$0
$260,463
$466,907
$1,193,801
$38,584
$154,350
$144,697
$55,997
$18,308
$28,175
$460,238
$739,588
$3,561,108
$0
$273,486
$490,252
$1,253,491
$40,513
$162,068
$151,932
$58,797
$19,223
$29,584
$483,250
$776,567
$3,739,163
$0
$423,904
$759,891
$1,942,911
$62,795
$251,205
$235,494
$91,136
$29,796
$45,855
$749,037
$1,203,679
$5,795,703
$0
$445,099
$797,886
$2,040,057
$65,935
$263,765
$247,269
$95,692
$31,286
$48,148
$786,489
$1,263,863
$6,085,488
$0
$467,354
$837,780
$2,142,060
$69,232
$276,953
$259,633
$100,477
$32,850
$50,555
$825,813
$1,327,057
$6,389,763
Year 1
$0
$65,116
$70,036
$298,450
$19,292
$38,588
$21,705
$13,999
$2,746
$7,044
$230,119
$369,794
$1,136,888
Year 2
$0
$68,372
$73,538
$313,373
$20,257
$40,517
$22,790
$14,699
$2,884
$7,396
$241,625
$388,284
$1,193,733
Year 3
$0
$105,976
$113,984
$485,728
$31,398
$62,801
$35,324
$22,784
$4,469
$11,464
$374,518
$601,840
$1,850,286
Year 4
$0
$111,275
$119,683
$510,014
$32,968
$65,941
$37,090
$23,923
$4,693
$12,037
$393,244
$631,932
$1,942,800
Year 5
$0
$116,838
$125,667
$535,515
$34,616
$69,238
$38,945
$25,119
$4,928
$12,639
$412,907
$663,528
$2,039,940
Sales
Page 20
Sales by Year
$7,000,000
Amusement
$6,000,000
Bumper Boats
Mini-Golf
$5,000,000
Go-Carts
$4,000,000
Gaming Center
$3,000,000
Sky Coaster
$2,000,000
Batting Cages
Climbing Walls
$1,000,000
Air/Foosball
$0
Year 1
Year 3
Year 2
Year 5
Year 4
Sales Monthly
$500,000
Amusement
$450,000
Bumper Boats
$400,000
Mini-Golf
$350,000
$300,000
Go-Carts
$250,000
Gaming Center
$200,000
Sky Coaster
$150,000
Batting Cages
$100,000
Climbing Walls
$50,000
Air/Foosball
$0
Month 2
Month 6
Month 4
Month 8
Month 10
Month 12
Page 21
5.4 Milestones
Set forth below are the main milestones in the schedule of proposed development. We have
carefully reviewed the timelines for start-up and firmly believe that once we are completely
funded we can construct and open our initial FEC within less than one year of breaking ground.
Table: Milestones
Milestones
Milestone
Write Business Plan
Property Under Contract 8.5 Acres
+/Site Plans
Engineering
Insurances
Permits
Construction Phase 1
Streets and Underground
Building
Activities
Landscaping
Signs
Open Go-cart Center
Property Under Contract 12.5 acres
+/Expanded Site plans
Engineering
Permits
Construction Phase 2
Streets & Underground
Building
Activities
Landscaping
Open Expanded (FEC) Center
Totals
Start Date
6/15/2001
End Date
5/15/2002
Budget
$25,000
Manager
ABC
Department
Marketing
8/1/2002
10/1/2002
$680,000
ABC
Marketing
8/1/2002
8/1/2002
9/30/2002
10/1/2002
10/2/2002
10/2/2002
11/15/2002
11/15/2002
11/1/2002
2/1/2003
4/14/2003
9/15/2002
9/1/2002
5/5/2003
5/11/2003
5/14/2003
12/5/2002
2/1/2003
4/1/2003
4/10/2003
4/1/2003
5/10/2003
$90,000
$45,000
$4,000
$25,000
$150,000
$175,000
$905,000
$1,040,000
$117,000
$20,000
$200,000
ABC
ABC
ABC
ABC
ABC
ABC
ABC
ABC
ABC
ABC
ABC
Marketing
Marketing
Marketing
Marketing
Marketing
Marketing
Marketing
Marketing
Marketing
Marketing
Marketing
1/1/2005
3/1/2005
$1,000,000
ABC
Marketing
1/1/2005
1/1/2005
3/15/2005
3/15/2005
3/15/2005
4/10/2005
4/10/2005
3/15/2005
10/27/2005
3/1/2005
2/15/2005
11/15/2005
11/15/2005
5/1/2005
10/25/2005
10/25/2005
11/15/2005
11/21/2005
$95,000
$50,000
$35,000
$250,000
$200,000
$1,500,000
$1,500,000
$150,000
$250,000
ABC
ABC
ABC
ABC
ABC
ABC
ABC
ABC
ABC
Marketing
Web
Web
Department
Department
Department
Department
Department
Department
$8,506,000
Page 22
Milestones
Property Under Contract 8.5 Acres +/Engineering
Permits
Streets and Underground
Activities
Signs
Property Under Contract 12.5 acres +/Engineering
Construction Phase 2
Building
Landscaping
6/30/2001
12/31/2001
6/30/2002
12/31/2002
6/30/2003
12/31/2003
6/30/2004
12/31/2004
6/30/2005
Page 23
Page 24
Page 25
Limited Partners/Senior
Staff Consultants
Non-Partners/Senior Staff
Consultants (retained)
Mark D. Bergman
Managing Partner
Val R. Iverson
Investment, Real Estate and
Financial Consultant
Harold Skripsky
Entertainment &
Activities Consultant
Roger Smout
Randy Sant
Sales and Marketing Consultant Redevelopment (RDA) Consultant
Laura Strebel
Retail Space Leasing Agent &
Gift Shop Manager
Steven Eames
Licensed General Contractor
Construction Consultant
Rod Schaffer
Treasurer/Comptroller
Darren Strebel
Manager of Promotions
& Customer Service
Richard Grossenbach
Human Resource Manager
This group represents 41% of the company ownership, with the remaining percentage of the
company's ownership under the control of the managing partner, but is considered to be held in
the company's treasury and all taxes that are assessed against this percentage are paid from
the general fund.
All partners are considered to have equal voting rights as per ownership and if a vote
is called, each partner is allotted one vote per percentage of ownership. The managing partner
is elected by votes and is to remain as such unless a vote is requested and the majority votes
change.
The managing partner is responsible to oversee all operations and is required to inform and
report to all other partners of progress. By no means is the managing partner obligated to
Page 26
Operations
Facilities Maintenance
General Manager
Shift Leader
Lead Supervisor
Assistant. Managers
Hands on Repairman
Operations Manager
Two Helpers
Floor Sales
Safety Oversight
B-B Contact
Food Handlers
Contract review
Concession Carts
Housekeeping
Inventory Control
Public Relations
Promotions
Activities Coordinator
Our Personnel Plan reflects how we intend to utilize our peoples' assets. Most of them will be
cross trained and the management team of I&B Investments believes that an employee who is
happy at work will enjoy working. It is always easier to please customers with a staff that
cares, a facility that is clean and equipment that is kept in proper working order.
Table: Personnel
Personnel Plan
Year 1
Year 2
Year 3
Year 4
Year 5
Operations Personnel
Page 27
$23,184
$23,184
$23,184
$15,000
$15,000
$15,000
$15,000
$15,000
$15,000
$15,000
$15,000
$15,000
$15,000
$15,000
$15,000
$18,768
$18,768
$18,768
$27,600
$27,600
$27,600
$388,656
$24,343
$24,343
$24,343
$15,750
$15,750
$15,750
$15,750
$15,750
$15,750
$15,750
$15,750
$15,750
$15,750
$15,750
$15,750
$19,706
$19,706
$19,706
$28,980
$28,980
$28,980
$408,089
$49,904
$49,904
$49,904
$32,288
$32,288
$32,288
$32,288
$32,288
$32,288
$32,288
$32,288
$32,288
$32,288
$32,288
$32,288
$40,398
$40,398
$40,398
$59,409
$59,409
$59,409
$836,582
$52,399
$52,399
$52,399
$33,902
$33,902
$33,902
$33,902
$33,902
$33,902
$33,902
$33,902
$33,902
$33,902
$33,902
$33,902
$42,418
$42,418
$42,418
$62,379
$62,379
$62,379
$878,411
$55,019
$55,019
$55,019
$35,597
$35,597
$35,597
$35,597
$35,597
$35,597
$35,597
$35,597
$35,597
$35,597
$35,597
$35,597
$44,539
$44,539
$44,539
$65,498
$65,498
$65,498
$922,332
$27,600
$27,600
$55,200
$28,980
$28,980
$57,960
$30,429
$30,429
$60,858
$31,950
$31,950
$63,901
$33,548
$33,548
$67,096
$40,848
$18,768
$40,848
$20,976
$49,680
$171,120
$42,890
$19,706
$42,890
$22,025
$52,164
$179,676
$87,925
$20,692
$87,925
$23,126
$106,936
$326,605
$92,322
$21,726
$92,322
$24,282
$112,283
$342,935
$96,938
$22,813
$96,938
$25,496
$117,897
$360,082
$18,768
$18,768
$20,976
$18,768
$77,280
$19,706
$19,706
$22,025
$19,706
$81,144
$40,398
$40,398
$45,151
$40,398
$166,345
$42,418
$42,418
$47,408
$42,418
$174,662
$44,539
$44,539
$49,779
$44,539
$183,396
32
32
32
32
32
$692,256
$726,869
$1,390,390
$1,459,909
$1,532,905
Page 28
General Assumptions
Plan Month
Current Interest Rate
Long-term Interest Rate
Tax Rate
Other
Year 1
Year 2
Year 3
Year 4
Year 5
1
19.00%
10.00%
32.75%
0
2
19.00%
10.00%
33.00%
0
3
19.00%
10.00%
32.75%
0
4
19.00%
10.00%
33.00%
0
5
19.00%
10.00%
32.75%
0
Page 29
Investment Analysis
Start
Year 1
Year 2
Year 3
Year 4
Year 5
$4,542,500
$0
$0
($4,542,500)
$0
$0
$7,370,000
$7,370,000
$0
$774,000
$8,110,000
$8,884,000
$774,000
$0
$11,400,000
$10,626,000
$0
$0
$11,050,000
$11,050,000
$0
$0
$12,475,000
$12,475,000
10
10
10
10
10
$0
$0
$774,000
$0
$0
$0
$774,000
$0
$0
$0
$7,380,000
$8,110,000
$11,440,000
$11,050,000
$12,220,000
$7,120,000
$7,480,000
$11,590,000
$12,170,000
$12,780,000
$7,250,000
$7,795,000
$11,515,000
$11,610,000
$12,500,000
Initial Investment
Investment
Dividends
Ending Valuation
Combination as Income Stream
Percent Equity Acquired
Net Present Value (NPV)
Internal Rate of Return (IRR)
0%
$15,893,745
178%
Assumptions
Discount Rate
10.00%
$965,000
Page 30
Chart: Benchmarks
Benchmarks
2.0
Year 1
Year 2
Year 3
1.0
Year 4
Year 5
0.0
Sales
Gross Margin%
Operating Expenses
Page 31
Break-even Analysis
Monthly Revenue Break-even
$51,010
Assumptions:
Average Percent Variable Cost
Estimated Monthly Fixed Cost
32%
$34,725
Page 32
Break-even Analysis
$40,000
$30,000
$20,000
$10,000
$0
($10,000)
($20,000)
($30,000)
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$10,000
$30,000
$50,000
$70,000
$90,000
$110,000
Page 33
$3,200,000
$2,800,000
$2,400,000
$2,000,000
$1,600,000
$1,200,000
$800,000
$400,000
$0
Year 1
Year 2
Year 3
Year 4
Year 5
Page 34
Year 2
Year 3
Year 4
Year 5
Sales
Direct Cost of Sales
Operations Payroll
Known expenses
Total Cost of Sales
$3,561,108
$1,136,888
$388,656
$0
$1,525,544
$3,739,163
$1,193,733
$408,089
$0
$1,601,821
$5,795,703
$1,850,286
$836,582
$0
$2,686,868
$6,085,488
$1,942,800
$878,411
$0
$2,821,211
$6,389,763
$2,039,940
$922,332
$0
$2,962,272
Gross Margin
Gross Margin %
$2,035,564
57.16%
$2,137,342
57.16%
$3,108,836
53.64%
$3,264,277
53.64%
$3,427,491
53.64%
$55,200
$18,000
$1,800
$6,000
$81,000
2.27%
$57,960
$18,900
$1,890
$6,300
$85,050
2.27%
$60,858
$29,295
$2,930
$9,765
$102,848
1.77%
$63,901
$30,760
$3,076
$10,253
$107,990
1.77%
$67,096
$32,298
$3,230
$10,766
$113,389
1.77%
$171,120
$0
$0
$14,400
$14,760
$9,600
$0
$0
$209,880
5.89%
$179,676
$0
$0
$15,120
$15,498
$10,080
$0
$0
$220,374
5.89%
$326,605
$0
$0
$23,436
$24,022
$15,624
$0
$0
$389,687
6.72%
$342,935
$0
$0
$24,608
$25,223
$16,405
$0
$0
$409,171
6.72%
$360,082
$0
$0
$25,838
$26,484
$17,225
$0
$0
$429,629
6.72%
Other Payroll
Consultants
Office Supplies
Postal Fees
Professional Fees
Housekeeping Supplies
Unknown
Bad Checks
Bank Card Fees
Business License
Facility Maintenance
Contract/Consultants
Total Other Expenses
Other %
$77,280
$0
$2,400
$1,800
$3,600
$12,720
$3,000
$600
$600
$420
$18,000
$5,400
$125,820
3.53%
$81,144
$0
$2,520
$1,890
$3,780
$13,356
$3,150
$630
$630
$441
$18,900
$5,670
$132,111
3.53%
$166,345
$0
$3,906
$2,930
$5,859
$20,702
$4,883
$977
$977
$684
$29,295
$8,789
$245,344
4.23%
$174,662
$0
$4,101
$3,076
$6,152
$21,737
$5,127
$1,025
$1,025
$718
$30,760
$9,228
$257,611
4.23%
$183,396
$0
$4,306
$3,230
$6,460
$22,824
$5,383
$1,077
$1,077
$754
$32,298
$9,689
$270,492
4.23%
$416,700
$437,535
$737,878
$774,772
$813,511
$1,618,864
$1,618,864
$519,346
$361,116
$1,699,807
$1,699,807
$489,761
$399,315
$2,370,958
$2,370,958
$670,033
$557,053
$2,489,505
$2,489,505
$839,570
$544,479
$2,613,981
$2,613,981
$797,376
$594,938
$738,401
$810,731
$1,143,872
$1,105,457
$1,221,667
Operating Expenses
Page 35
20.74%
21.68%
19.74%
18.17%
19.12%
Profit Monthly
$160,000
$140,000
$120,000
$100,000
$80,000
$60,000
$40,000
$20,000
$0
($20,000)
Month 1
Month 3
Month 5
Month 7
Month 9
Month 11
Month 2
Month 4
Month 6
Month 8
Month 10
Month 12
Profit Yearly
$1,200,000
$1,000,000
$800,000
$600,000
$400,000
$200,000
$0
Year 1
Year 2
Year 3
Year 4
Year 5
Page 36
Chart: Cash
Cash
$1,200,000
$1,000,000
$800,000
$600,000
Cash Balance
$400,000
$200,000
Month 12
Month 11
Month 10
Month 9
Month 8
Month 7
Month 6
Month 5
Month 4
Month 3
Month 2
Month 1
$0
Page 37
Year 2
Year 3
Year 4
Year 5
$3,561,108
$3,561,108
$3,739,163
$3,739,163
$5,795,703
$5,795,703
$6,085,488
$6,085,488
$6,389,763
$6,389,763
$0
$0
$0
$0
$0
$0
$0
$3,561,108
$0
$0
$0
$0
$0
$0
$0
$3,739,163
$0
$0
$0
$4,386,000
$0
$0
$774,000
$10,955,703
$0
$0
$0
$0
$0
$0
$0
$6,085,488
$0
$0
$0
$0
$0
$0
$0
$6,389,763
Year 1
Year 2
Year 3
Year 4
Year 5
$692,256
$2,054,748
$2,747,004
$726,869
$2,096,316
$2,823,185
$1,390,390
$3,174,328
$4,564,718
$1,459,909
$3,498,861
$4,958,770
$1,532,905
$3,625,734
$5,158,639
$0
$117,854
$0
$60,434
$0
$0
$0
$2,925,292
$0
$135,758
$0
$65,126
$0
$0
$774,000
$3,798,069
$0
$163,922
$0
$146,052
$0
$0
$0
$4,874,692
$0
$197,927
$0
$161,678
$0
$0
$0
$5,318,375
$0
$67,125
$0
$178,607
$0
$0
$0
$5,404,371
$635,816
$835,816
($58,905)
$776,910
$6,081,011
$6,857,922
$767,113
$7,625,035
$985,392
$8,610,427
Cash Received
Page 38
Year 2
Year 3
Year 4
Year 5
$835,816
$0
$835,816
$776,910
$0
$776,910
$6,857,922
$0
$6,857,922
$7,625,035
$0
$7,625,035
$8,610,427
$0
$8,610,427
$5,077,925
$0
$5,077,925
$5,913,741
$5,077,925
$0
$5,077,925
$5,854,835
$5,077,925
$0
$5,077,925
$11,935,847
$5,077,925
$0
$5,077,925
$12,702,960
$5,077,925
$0
$5,077,925
$13,688,352
Year 1
Year 2
Year 3
Year 4
Year 5
$75,702
$772,146
$0
$847,848
$180,950
$636,388
$0
$817,338
$268,064
$472,466
$0
$740,530
$289,325
$274,539
$0
$563,864
$298,783
$207,414
$0
$506,197
Long-term Liabilities
Total Liabilities
$3,592,066
$4,439,914
$3,526,940
$4,344,278
$7,766,888
$8,507,418
$7,605,210
$8,169,074
$7,426,603
$7,932,800
Paid-in Capital
Retained Earnings
Earnings
Total Capital
Total Liabilities and Capital
$965,000
($229,575)
$738,401
$1,473,826
$5,913,741
$965,000
($265,174)
$810,731
$1,510,557
$5,854,835
$1,739,000
$545,557
$1,143,872
$3,428,429
$11,935,847
$1,739,000
$1,689,429
$1,105,457
$4,533,886
$12,702,960
$1,739,000
$2,794,886
$1,221,667
$5,755,552
$13,688,352
Net Worth
$1,473,826
$1,510,557
$3,428,429
$4,533,886
$5,755,552
Assets
Current Assets
Cash
Other Current Assets
Total Current Assets
Long-term Assets
Long-term Assets
Accumulated Depreciation
Total Long-term Assets
Total Assets
Liabilities and Capital
Current Liabilities
Accounts Payable
Current Borrowing
Other Current Liabilities
Subtotal Current Liabilities
Page 39
Table: Ratios
Ratio Analysis
Year 1
Year 2
Year 3
Year 4
Year 5
Industry Profile
n.a.
5.00%
55.00%
5.00%
5.00%
15.20%
0.00%
14.13%
85.87%
100.00%
0.00%
13.27%
86.73%
100.00%
0.00%
57.46%
42.54%
100.00%
0.00%
60.03%
39.97%
100.00%
0.00%
62.90%
37.10%
100.00%
34.40%
42.90%
57.10%
100.00%
Current Liabilities
Long-term Liabilities
Total Liabilities
Net Worth
14.34%
60.74%
75.08%
24.92%
13.96%
60.24%
74.20%
25.80%
6.20%
65.07%
71.28%
28.72%
4.44%
59.87%
64.31%
35.69%
3.70%
54.25%
57.95%
42.05%
36.40%
23.30%
59.70%
40.30%
100.00%
57.16%
100.00%
57.16%
100.00%
53.64%
100.00%
53.64%
100.00%
53.64%
100.00%
55.05%
36.47%
35.48%
33.98%
35.47%
34.59%
76.60%
0.51%
45.46%
0.51%
45.46%
0.51%
40.91%
0.51%
40.91%
0.51%
40.91%
2.60%
2.00%
0.99
0.99
75.08%
74.60%
18.59%
0.95
0.95
74.20%
80.11%
20.67%
9.26
9.26
71.28%
49.61%
14.25%
13.52
13.52
64.31%
36.39%
12.99%
17.01
17.01
57.95%
31.56%
13.27%
1.17
0.75
59.70%
102.42%
30.73%
Sales Growth
Percent of Total Assets
Percent of Sales
Sales
Gross Margin
Selling, General & Administrative
Expenses
Advertising Expenses
Profit Before Interest and Taxes
Main Ratios
Current
Quick
Total Debt to Total Assets
Pre-tax Return on Net Worth
Pre-tax Return on Assets
Additional Ratios
Year 1
Year 2
Year 3
Year 4
Year 5
20.74%
50.10%
21.68%
53.67%
19.74%
33.36%
18.17%
24.38%
19.12%
21.23%
19.85%
36.53%
28.14
27
0.60
12.17
21
0.64
12.17
25
0.49
12.17
29
0.48
12.17
30
0.47
0.00%
n.a
54.69%
3.01
0.19
2.88
0.19
2.48
0.09
1.80
0.07
1.38
0.06
224.01%
8.98%
($12,033)
3.12
($40,428)
3.47
$6,117,392
3.54
$7,061,171
2.97
$8,104,230
3.28
424088221.24%
327.40%
1.66
14%
0.99
2.42
0.00
1.57
14%
0.95
2.48
0.95
2.06
6%
9.26
1.69
0.00
2.09
4%
13.52
1.34
0.00
2.14
4%
17.01
1.11
0.00
186.01%
6.45%
1651.43%
180.94%
19.09%
Activity Ratios
Accounts Payable Turnover
Payment Days
Total Asset Turnover
Debt Ratios
Debt to Net Worth
Current Liab. to Liab.
Liquidity Ratios
Net Working Capital
Interest Coverage
Additional Ratios
Assets to Sales
Current Debt/Total Assets
Acid Test
Sales/Net Worth
Dividend Payout
Page 40
Page 41
Appendix
Table: Sales Forecast
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
Amusement
Bumper Boats
Mini-Golf
Go-Carts
Gaming Center
Sky Coaster
Batting Cages
Climbing Walls
Air/Foosball
Souvenirs
Party Rooms
Food & Drinks
Total Sales
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
$0
$18,605
$33,351
$85,272
$2,756
$11,025
$10,336
$3,652
$1,194
$1,838
$30,016
$48,234
$0
$24,806
$44,467
$113,695
$3,675
$14,700
$13,781
$4,869
$1,592
$2,450
$40,021
$64,312
$0
$37,209
$66,701
$170,543
$5,512
$22,050
$20,671
$7,304
$2,388
$3,675
$60,031
$96,468
$0
$37,209
$66,701
$170,543
$5,512
$22,050
$20,671
$7,304
$2,388
$3,675
$60,031
$96,468
$0
$37,209
$66,701
$170,543
$5,512
$22,050
$20,671
$7,304
$2,388
$3,675
$60,031
$96,468
$0
$37,209
$66,701
$170,543
$5,512
$22,050
$20,671
$7,304
$2,388
$3,675
$60,031
$96,468
$0
$24,806
$44,467
$113,695
$3,675
$14,700
$13,781
$4,869
$1,592
$2,450
$40,021
$64,312
$0
$18,605
$33,351
$85,272
$2,756
$11,025
$10,336
$3,652
$1,194
$1,838
$30,016
$48,234
$0
$6,202
$11,117
$28,424
$919
$3,675
$3,445
$2,435
$796
$1,225
$20,010
$32,156
$0
$6,202
$11,117
$28,424
$919
$3,675
$3,445
$2,435
$796
$1,225
$20,010
$32,156
$0
$6,202
$11,117
$28,424
$919
$3,675
$3,445
$2,435
$796
$1,225
$20,010
$32,156
$0
$6,202
$11,117
$28,424
$919
$3,675
$3,445
$2,435
$796
$1,225
$20,010
$32,156
$246,276
$328,368
$492,552
$492,552
$492,552
$492,552
$328,368
$246,276
$110,403
$110,403
$110,403
$110,403
Month 1
Month 2
Month 3
$0
Month 4
$0
Month 5
$0
$0
$0
Bumper Boats
$4,651
$6,202
$9,302
$9,302
$9,302
Mini-Golf
$5,003
$6,670
$10,005
$10,005
$10,005
Go-Carts
$21,318
$28,424
$42,636
$42,636
$42,636
Gaming Center
$1,378
$1,837
$2,756
$2,756
Sky Coaster
$2,756
$3,675
$5,513
$5,513
Batting Cages
Month 6
$0
Month 7
Month 8
Month 9
Month 10
Month 11
Month 12
$0
$0
$0
$0
$0
$0
$9,302
$6,202
$4,651
$1,550
$1,550
$1,550
$1,550
$10,005
$6,670
$5,003
$1,668
$1,668
$1,668
$1,668
$42,636
$28,424
$21,318
$7,106
$7,106
$7,106
$7,106
$2,756
$2,756
$1,837
$1,378
$459
$459
$459
$459
$5,513
$5,513
$3,675
$2,756
$919
$919
$919
$919
$1,550
$2,067
$3,101
$3,101
$3,101
$3,101
$2,067
$1,550
$517
$517
$517
$517
Climbing Walls
$913
$1,217
$1,826
$1,826
$1,826
$1,826
$1,217
$913
$609
$609
$609
$609
Air/Foosball
$179
$239
$358
$358
$358
$358
$239
$179
$119
$119
$119
$119
Souvenirs
$459
$613
$919
$919
$919
$919
$613
$459
$306
$306
$306
$306
Party Rooms
$15,008
$20,010
$30,016
$30,016
$30,016
$30,016
$20,010
$15,008
$10,005
$10,005
$10,005
$10,005
$24,117
$32,156
$48,234
$48,234
$48,234
$48,234
$32,156
$24,117
$16,078
$16,078
$16,078
$16,078
$77,332
$103,110
$154,665
$154,665
$154,665
$154,665
$103,110
$77,332
$39,336
$39,336
$39,336
$39,336
Page 1
Appendix
Table: Personnel
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
$1,932
$1,932
$1,932
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,564
$1,564
$1,564
$2,300
$2,300
$2,300
$1,932
$1,932
$1,932
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,564
$1,564
$1,564
$2,300
$2,300
$2,300
$1,932
$1,932
$1,932
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,564
$1,564
$1,564
$2,300
$2,300
$2,300
$1,932
$1,932
$1,932
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,564
$1,564
$1,564
$2,300
$2,300
$2,300
$1,932
$1,932
$1,932
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,564
$1,564
$1,564
$2,300
$2,300
$2,300
$1,932
$1,932
$1,932
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,564
$1,564
$1,564
$2,300
$2,300
$2,300
$1,932
$1,932
$1,932
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,564
$1,564
$1,564
$2,300
$2,300
$2,300
$1,932
$1,932
$1,932
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,564
$1,564
$1,564
$2,300
$2,300
$2,300
$1,932
$1,932
$1,932
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,564
$1,564
$1,564
$2,300
$2,300
$2,300
$1,932
$1,932
$1,932
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,564
$1,564
$1,564
$2,300
$2,300
$2,300
$1,932
$1,932
$1,932
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,564
$1,564
$1,564
$2,300
$2,300
$2,300
$1,932
$1,932
$1,932
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,250
$1,564
$1,564
$1,564
$2,300
$2,300
$2,300
$32,388
$32,388
$32,388
$32,388
$32,388
$32,388
$32,388
$32,388
$32,388
$32,388
$32,388
$32,388
$2,300
$2,300
$2,300
$2,300
$2,300
$2,300
$2,300
$2,300
$2,300
$2,300
$2,300
$2,300
$2,300
$2,300
$2,300
$2,300
$2,300
$2,300
$2,300
$2,300
$2,300
$2,300
$2,300
$2,300
$4,600
$4,600
$4,600
$4,600
$4,600
$4,600
$4,600
$4,600
$4,600
$4,600
$4,600
$4,600
$3,404
$1,564
$3,404
$1,748
$4,140
$3,404
$1,564
$3,404
$1,748
$4,140
$3,404
$1,564
$3,404
$1,748
$4,140
$3,404
$1,564
$3,404
$1,748
$4,140
$3,404
$1,564
$3,404
$1,748
$4,140
$3,404
$1,564
$3,404
$1,748
$4,140
$3,404
$1,564
$3,404
$1,748
$4,140
$3,404
$1,564
$3,404
$1,748
$4,140
$3,404
$1,564
$3,404
$1,748
$4,140
$3,404
$1,564
$3,404
$1,748
$4,140
$3,404
$1,564
$3,404
$1,748
$4,140
$3,404
$1,564
$3,404
$1,748
$4,140
$14,260
$14,260
$14,260
$14,260
$14,260
$14,260
$14,260
$14,260
$14,260
$14,260
$14,260
$14,260
$1,564
$1,564
$1,748
$1,564
$1,564
$1,564
$1,748
$1,564
$1,564
$1,564
$1,748
$1,564
$1,564
$1,564
$1,748
$1,564
$1,564
$1,564
$1,748
$1,564
$1,564
$1,564
$1,748
$1,564
$1,564
$1,564
$1,748
$1,564
$1,564
$1,564
$1,748
$1,564
$1,564
$1,564
$1,748
$1,564
$1,564
$1,564
$1,748
$1,564
$1,564
$1,564
$1,748
$1,564
$1,564
$1,564
$1,748
$1,564
$6,440
$6,440
$6,440
$6,440
$6,440
$6,440
$6,440
$6,440
$6,440
$6,440
$6,440
$6,440
32
32
32
32
32
32
32
32
32
32
32
32
Operations Personnel
John
John
John
John
John
John
John
John
John
John
John
John
John
John
John
John
John
John
John
John
John
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
Subtotal
Sales and Marketing Personnel
Darren Strebel
Other
100%
100%
Subtotal
General and Administrative Personnel
Joe Hull
Rod Schaffer
Restaurant Manager
Laura Strebel
Mark Bergman
100%
100%
100%
100%
100%
Subtotal
Other Personnel
Jack A
Jack B
Jack C
Sara A
Subtotal
Total People
100%
100%
100%
100%
Page 2
Appendix
Total Payroll
$57,688
$57,688
$57,688
$57,688
$57,688
$57,688
$57,688
$57,688
$57,688
$57,688
$57,688
$57,688
General Assumptions
Plan Month
Month 1
Month 2
Month 3
Month 4
Month 5
Month 6
Month 7
Month 8
Month 9
Month 10
Month 11
Month 12
10
11
12
19.00%
19.00%
19.00%
19.00%
19.00%
19.00%
19.00%
19.00%
19.00%
19.00%
19.00%
19.00%
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
30.00%
33.00%
33.00%
33.00%
33.00%
33.00%
33.00%
33.00%
33.00%
33.00%
33.00%
33.00%
Other
Page 3
Appendix
Table: Profit and Loss
Month 2
Month 3
Month 4
Month 5
Month 6
Month 7
Month 8
Month 9
Month 10
Month 11
Month 12
$246,276
$328,368
$492,552
$492,552
$492,552
$492,552
$328,368
$246,276
$110,403
$110,403
$110,403
$110,403
$77,332
$103,110
$154,665
$154,665
$154,665
$154,665
$103,110
$77,332
$39,336
$39,336
$39,336
$39,336
Operations Payroll
$32,388
$32,388
$32,388
$32,388
$32,388
$32,388
$32,388
$32,388
$32,388
$32,388
$32,388
$32,388
Known expenses
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$109,720
$135,498
$187,053
$187,053
$187,053
$187,053
$135,498
$109,720
$71,724
$71,724
$71,724
$71,724
Gross Margin
$136,556
$192,870
$305,499
$305,499
$305,499
$305,499
$192,870
$136,556
$38,679
$38,679
$38,679
$38,679
55.45%
58.74%
62.02%
62.02%
62.02%
62.02%
58.74%
55.45%
35.03%
35.03%
35.03%
35.03%
$4,600
$4,600
$4,600
$4,600
$4,600
$4,600
$4,600
$4,600
$4,600
$4,600
$4,600
$4,600
Advertising/Promotion
Gross Margin %
Operating Expenses
Sales and Marketing
Expenses
$1,500
$1,500
$1,500
$1,500
$1,500
$1,500
$1,500
$1,500
$1,500
$1,500
$1,500
$1,500
Travel
$150
$150
$150
$150
$150
$150
$150
$150
$150
$150
$150
$150
Miscellaneous
$500
$500
$500
$500
$500
$500
$500
$500
$500
$500
$500
$500
$6,750
$6,750
$6,750
$6,750
$6,750
$6,750
$6,750
$6,750
$6,750
$6,750
$6,750
$6,750
2.74%
2.06%
1.37%
1.37%
1.37%
1.37%
2.06%
2.74%
6.11%
6.11%
6.11%
6.11%
$14,260
$14,260
$14,260
$14,260
$14,260
$14,260
$14,260
$14,260
$14,260
$14,260
$14,260
$14,260
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Utilities
$1,200
$1,200
$1,200
$1,200
$1,200
$1,200
$1,200
$1,200
$1,200
$1,200
$1,200
$1,200
Insurance
$1,230
$1,230
$1,230
$1,230
$1,230
$1,230
$1,230
$1,230
$1,230
$1,230
$1,230
$1,230
$800
$800
$800
$800
$800
$800
$800
$800
$800
$800
$800
$800
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$17,490
$17,490
$17,490
$17,490
$17,490
$17,490
$17,490
$17,490
$17,490
$17,490
$17,490
$17,490
Telephone
Payroll Taxes
Other General and
Administrative Expenses
Total General and
Administrative Expenses
0%
Page 4
Appendix
General and Administrative
%
7.10%
5.33%
3.55%
3.55%
3.55%
3.55%
5.33%
7.10%
15.84%
15.84%
15.84%
15.84%
$6,440
$6,440
$6,440
$6,440
$6,440
$6,440
$6,440
$6,440
$6,440
$6,440
$6,440
$6,440
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Office Supplies
$200
$200
$200
$200
$200
$200
$200
$200
$200
$200
$200
$200
Postal Fees
$150
$150
$150
$150
$150
$150
$150
$150
$150
$150
$150
$150
Other Expenses:
Other Payroll
Consultants
Professional Fees
$300
$300
$300
$300
$300
$300
$300
$300
$300
$300
$300
$300
$1,060
$1,060
$1,060
$1,060
$1,060
$1,060
$1,060
$1,060
$1,060
$1,060
$1,060
$1,060
$250
$250
$250
$250
$250
$250
$250
$250
$250
$250
$250
$250
Bad Checks
$50
$50
$50
$50
$50
$50
$50
$50
$50
$50
$50
$50
$50
$50
$50
$50
$50
$50
$50
$50
$50
$50
$50
$50
Housekeeping Supplies
Unknown
Business License
Facility Maintenance
$35
$35
$35
$35
$35
$35
$35
$35
$35
$35
$35
$35
$1,500
$1,500
$1,500
$1,500
$1,500
$1,500
$1,500
$1,500
$1,500
$1,500
$1,500
$1,500
Contract/Consultants
$450
$450
$450
$450
$450
$450
$450
$450
$450
$450
$450
$450
$10,485
$10,485
$10,485
$10,485
$10,485
$10,485
$10,485
$10,485
$10,485
$10,485
$10,485
$10,485
4.26%
3.19%
2.13%
2.13%
2.13%
2.13%
3.19%
4.26%
9.50%
9.50%
9.50%
9.50%
$34,725
$34,725
$34,725
$34,725
$34,725
$34,725
$34,725
$34,725
$34,725
$34,725
$34,725
$34,725
$101,831
$158,145
$270,774
$270,774
$270,774
$270,774
$158,145
$101,831
$3,954
$3,954
$3,954
$3,954
EBITDA
$101,831
$158,145
$270,774
$270,774
$270,774
$270,774
$158,145
$101,831
$3,954
$3,954
$3,954
$3,954
Interest Expense
$44,347
$44,162
$43,974
$43,783
$43,590
$43,395
$43,196
$42,994
$42,790
$42,583
$42,373
$42,160
Taxes Incurred
$17,245
$37,615
$74,844
$74,907
$74,971
$75,035
$37,933
$19,416
($12,816)
($12,748)
($12,678)
($12,608)
$40,239
$76,369
$151,956
$152,084
$152,213
$152,344
$77,016
$39,420
($26,020)
($25,882)
($25,741)
($25,598)
16.34%
23.26%
30.85%
30.88%
30.90%
30.93%
23.45%
16.01%
-23.57%
-23.44%
-23.32%
-23.19%
Other %
Net Profit
Net Profit/Sales
Page 5
Appendix
Table: Cash Flow
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
$246,276
$328,368
$492,552
$492,552
$492,552
$492,552
$328,368
$246,276
$110,403
$110,403
$110,403
$110,403
$246,276
$328,368
$492,552
$492,552
$492,552
$492,552
$328,368
$246,276
$110,403
$110,403
$110,403
$110,403
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$246,276
$328,368
$492,552
$492,552
$492,552
$492,552
$328,368
$246,276
$110,403
$110,403
$110,403
$110,403
0.00%
Month 1
Month 2
Month 3
Month 4
Month 5
Month 6
Month 7
Month 8
Month 9
Month 10
Month 11
Month 12
$57,688
$57,688
$57,688
$57,688
$57,688
$57,688
$57,688
$57,688
$57,688
$57,688
$57,688
$57,688
$4,945
$149,881
$197,264
$282,903
$282,776
$282,646
$279,558
$192,181
$146,820
$78,731
$78,592
$78,451
$62,633
$207,569
$254,952
$340,591
$340,464
$340,334
$337,246
$249,869
$204,508
$136,419
$136,280
$136,139
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$8,995
$9,137
$9,282
$9,429
$9,578
$9,730
$9,884
$10,041
$10,200
$10,361
$10,525
$10,692
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$4,809
$4,850
$4,890
$4,931
$4,972
$5,013
$5,055
$5,097
$5,140
$5,182
$5,226
$5,269
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$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
$76,437
$221,556
$269,124
$354,951
$355,014
$355,077
$352,185
$265,007
$219,848
$151,962
$152,031
$152,100
$169,839
$106,812
$223,428
$137,601
$137,538
$137,475
($23,817)
($18,731)
($109,445)
($41,559)
($41,628)
($41,697)
Cash Balance
$369,839
$476,651
$700,079
$837,679
$960,699
$919,140
$877,513
$835,816
Page 6
Appendix
Table: Balance Sheet
Month 2
Month 3
Month 4
Month 5
Month 6
Month 7
Month 8
Month 9
Month 10
Month 11
Month 12
Starting Balances
Current Assets
Cash
Other Current Assets
Total Current Assets
$200,000
$0
$200,000
$369,839
$0
$369,839
$476,651
$0
$476,651
$700,079
$0
$700,079
$837,679
$0
$837,679
$960,699
$0
$960,699
$919,140
$0
$919,140
$877,513
$0
$877,513
$835,816
$0
$835,816
Long-term Assets
Long-term Assets
Accumulated Depreciation
Total Long-term Assets
Total Assets
$5,077,925 $5,077,925 $5,077,925 $5,077,925 $5,077,925 $5,077,925 $5,077,925 $5,077,925 $5,077,925 $5,077,925 $5,077,925 $5,077,925 $5,077,925
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$5,077,925 $5,077,925 $5,077,925 $5,077,925 $5,077,925 $5,077,925 $5,077,925 $5,077,925 $5,077,925 $5,077,925 $5,077,925 $5,077,925 $5,077,925
$5,277,925 $5,447,764 $5,554,576 $5,778,004 $5,915,604 $6,053,142 $6,190,617 $6,166,800 $6,148,069 $6,038,624 $5,997,065 $5,955,438 $5,913,741
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
Current Borrowing
Other Current Liabilities
Subtotal Current Liabilities
$0
$143,404
$187,834
$273,477
$273,354
$273,229
$273,102
$187,209
$890,000
$881,005
$871,868
$862,586
$853,157
$843,579
$833,849
$823,965
$0
$0
$0
$0
$0
$0
$0
$0
$890,000 $1,024,409 $1,059,702 $1,136,063 $1,126,511 $1,116,808 $1,106,951 $1,011,174
$144,196
$813,924
$0
$958,120
$76,111
$803,724
$0
$879,835
$75,977
$793,363
$0
$869,340
$75,840
$782,838
$0
$858,678
$75,702
$772,146
$0
$847,848
Long-term Liabilities
Total Liabilities
$3,652,500 $3,647,691 $3,642,841 $3,637,951 $3,633,020 $3,628,048 $3,623,035 $3,617,980 $3,612,883 $3,607,743 $3,602,561 $3,597,335 $3,592,066
$4,542,500 $4,672,100 $4,702,543 $4,774,014 $4,759,531 $4,744,856 $4,729,986 $4,629,154 $4,571,003 $4,487,578 $4,471,901 $4,456,013 $4,439,914
Paid-in Capital
Retained Earnings
Earnings
Total Capital
Total Liabilities and Capital
$965,000
$965,000
$965,000
$965,000
$965,000
$965,000
$965,000
$965,000
$965,000
$965,000
$965,000
$965,000
$965,000
($229,575) ($229,575) ($229,575) ($229,575) ($229,575) ($229,575) ($229,575) ($229,575) ($229,575) ($229,575) ($229,575) ($229,575) ($229,575)
$0
$40,239
$116,608
$268,564
$420,648
$572,861
$725,205
$802,221
$841,642
$815,621
$789,740
$763,999
$738,401
$735,425
$775,664
$852,033 $1,003,989 $1,156,073 $1,308,286 $1,460,630 $1,537,646 $1,577,067 $1,551,046 $1,525,165 $1,499,424 $1,473,826
$5,277,925 $5,447,764 $5,554,576 $5,778,004 $5,915,604 $6,053,142 $6,190,617 $6,166,800 $6,148,069 $6,038,624 $5,997,065 $5,955,438 $5,913,741
Net Worth
$735,425
$775,664
$852,033 $1,003,989 $1,156,073 $1,308,286 $1,460,630 $1,537,646 $1,577,067 $1,551,046 $1,525,165 $1,499,424 $1,473,826
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