Wooderful Floors
Appendix
| 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 | |||||||||||||
| Remodelers | 0% | $250 | $325 | $622 | $1,545 | $2,121 | $2,654 | $3,232 | $3,545 | $3,754 | $3,858 | $4,005 | $4,212 |
| Restorers | 0% | $173 | $224 | $429 | $1,066 | $1,463 | $1,831 | $2,230 | $2,446 | $2,590 | $2,662 | $2,763 | $2,906 |
| Total Sales | $423 | $549 | $1,051 | $2,611 | $3,584 | $4,485 | $5,462 | $5,991 | $6,344 | $6,520 | $6,768 | $7,118 | |
| Direct Cost of Sales | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Remodelers | $50 | $65 | $124 | $309 | $424 | $531 | $646 | $709 | $751 | $772 | $801 | $842 | |
| Restorers | $35 | $45 | $86 | $213 | $293 | $366 | $446 | $489 | $518 | $532 | $553 | $581 | |
| Subtotal Direct Cost of Sales | $85 | $110 | $210 | $522 | $717 | $897 | $1,092 | $1,198 | $1,269 | $1,304 | $1,354 | $1,424 | |
| 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 | ||
| Logan | 0% | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 |
| Additional employee | 0% | $0 | $0 | $0 | $0 | $500 | $500 | $500 | $500 | $500 | $500 | $600 | $600 |
| Total People | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | |
| Total Payroll | $2,000 | $2,000 | $2,000 | $2,000 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,600 | $2,600 | |
| General Assumptions | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Plan Month | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | |
| Current Interest Rate | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | |
| Long-term Interest Rate | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | |
| Tax Rate | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | |
| Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Pro Forma Profit and Loss | |||||||||||||
| 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 | $423 | $549 | $1,051 | $2,611 | $3,584 | $4,485 | $5,462 | $5,991 | $6,344 | $6,520 | $6,768 | $7,118 | |
| Direct Cost of Sales | $85 | $110 | $210 | $522 | $717 | $897 | $1,092 | $1,198 | $1,269 | $1,304 | $1,354 | $1,424 | |
| Other Costs of Sales | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Cost of Sales | $85 | $110 | $210 | $522 | $717 | $897 | $1,092 | $1,198 | $1,269 | $1,304 | $1,354 | $1,424 | |
| Gross Margin | $338 | $439 | $841 | $2,089 | $2,868 | $3,588 | $4,370 | $4,793 | $5,075 | $5,216 | $5,415 | $5,695 | |
| Gross Margin % | 80.00% | 80.00% | 80.00% | 80.00% | 80.00% | 80.00% | 80.00% | 80.00% | 80.00% | 80.00% | 80.00% | 80.00% | |
| Expenses | |||||||||||||
| Payroll | $2,000 | $2,000 | $2,000 | $2,000 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,600 | $2,600 | |
| Sales and Marketing and Other Expenses | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | |
| Depreciation | $222 | $222 | $222 | $222 | $222 | $222 | $222 | $222 | $222 | $222 | $222 | $222 | |
| Utilities | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | |
| Payroll Taxes | 15% | $300 | $300 | $300 | $300 | $375 | $375 | $375 | $375 | $375 | $375 | $390 | $390 |
| Insurance | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | |
| Total Operating Expenses | $2,922 | $2,922 | $2,922 | $2,922 | $3,497 | $3,497 | $3,497 | $3,497 | $3,497 | $3,497 | $3,612 | $3,612 | |
| Profit Before Interest and Taxes | ($2,584) | ($2,483) | ($2,081) | ($833) | ($629) | $91 | $873 | $1,296 | $1,578 | $1,719 | $1,803 | $2,083 | |
| EBITDA | ($2,362) | ($2,261) | ($1,859) | ($611) | ($407) | $313 | $1,095 | $1,518 | $1,800 | $1,941 | $2,025 | $2,305 | |
| Interest Expense | $86 | $85 | $84 | $83 | $82 | $81 | $80 | $79 | $77 | $76 | $75 | $74 | |
| Taxes Incurred | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Net Profit | ($2,670) | ($2,568) | ($2,165) | ($916) | ($711) | $10 | $793 | $1,217 | $1,501 | $1,643 | $1,728 | $2,009 | |
| Net Profit/Sales | -632.04% | -467.52% | -205.98% | -35.09% | -19.84% | 0.23% | 14.52% | 20.32% | 23.66% | 25.19% | 25.52% | 28.22% | |
| 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 | $423 | $549 | $1,051 | $2,611 | $3,584 | $4,485 | $5,462 | $5,991 | $6,344 | $6,520 | $6,768 | $7,118 | |
| Subtotal Cash from Operations | $423 | $549 | $1,051 | $2,611 | $3,584 | $4,485 | $5,462 | $5,991 | $6,344 | $6,520 | $6,768 | $7,118 | |
| Additional Cash Received | |||||||||||||
| Sales Tax, VAT, HST/GST Received | 0.00% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| New Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| New Other Liabilities (interest-free) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| New Long-term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Sales of Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Sales of Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| New Investment Received | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Subtotal Cash Received | $423 | $549 | $1,051 | $2,611 | $3,584 | $4,485 | $5,462 | $5,991 | $6,344 | $6,520 | $6,768 | $7,118 | |
| Expenditures | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Expenditures from Operations | |||||||||||||
| Cash Spending | $2,000 | $2,000 | $2,000 | $2,000 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,600 | $2,600 | |
| Bill Payments | $29 | $872 | $898 | $1,005 | $1,314 | $1,580 | $1,759 | $1,951 | $2,054 | $2,122 | $2,157 | $2,221 | |
| Subtotal Spent on Operations | $2,029 | $2,872 | $2,898 | $3,005 | $3,814 | $4,080 | $4,259 | $4,451 | $4,554 | $4,622 | $4,757 | $4,821 | |
| Additional Cash Spent | |||||||||||||
| Sales Tax, VAT, HST/GST Paid Out | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Principal Repayment of Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Other Liabilities Principal Repayment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Long-term Liabilities Principal Repayment | $192 | $192 | $192 | $192 | $192 | $192 | $192 | $192 | $192 | $192 | $192 | $192 | |
| Purchase Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Purchase Long-term Assets | $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 | |
| Subtotal Cash Spent | $2,221 | $3,064 | $3,090 | $3,197 | $4,006 | $4,272 | $4,451 | $4,643 | $4,746 | $4,814 | $4,949 | $5,013 | |
| Net Cash Flow | ($1,799) | ($2,514) | ($2,039) | ($586) | ($422) | $213 | $1,011 | $1,348 | $1,598 | $1,706 | $1,819 | $2,105 | |
| Cash Balance | $8,301 | $5,787 | $3,748 | $3,162 | $2,740 | $2,954 | $3,965 | $5,313 | $6,911 | $8,617 | $10,436 | $12,541 | |
| Pro Forma Balance Sheet | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Assets | Starting Balances | ||||||||||||
| Current Assets | |||||||||||||
| Cash | $10,100 | $8,301 | $5,787 | $3,748 | $3,162 | $2,740 | $2,954 | $3,965 | $5,313 | $6,911 | $8,617 | $10,436 | $12,541 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $10,100 | $8,301 | $5,787 | $3,748 | $3,162 | $2,740 | $2,954 | $3,965 | $5,313 | $6,911 | $8,617 | $10,436 | $12,541 |
| Long-term Assets | |||||||||||||
| Long-term Assets | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 |
| Accumulated Depreciation | $0 | $222 | $444 | $666 | $888 | $1,110 | $1,332 | $1,554 | $1,776 | $1,998 | $2,220 | $2,442 | $2,664 |
| Total Long-term Assets | $8,000 | $7,778 | $7,556 | $7,334 | $7,112 | $6,890 | $6,668 | $6,446 | $6,224 | $6,002 | $5,780 | $5,558 | $5,336 |
| Total Assets | $18,100 | $16,079 | $13,343 | $11,082 | $10,274 | $9,630 | $9,622 | $10,411 | $11,537 | $12,913 | $14,397 | $15,994 | $17,877 |
| Liabilities and Capital | 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 | $0 | $842 | $865 | $961 | $1,262 | $1,521 | $1,694 | $1,882 | $1,983 | $2,051 | $2,083 | $2,145 | $2,211 |
| Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Subtotal Current Liabilities | $0 | $842 | $865 | $961 | $1,262 | $1,521 | $1,694 | $1,882 | $1,983 | $2,051 | $2,083 | $2,145 | $2,211 |
| Long-term Liabilities | $15,000 | $14,808 | $14,616 | $14,424 | $14,232 | $14,040 | $13,848 | $13,656 | $13,464 | $13,272 | $13,080 | $12,888 | $12,696 |
| Total Liabilities | $15,000 | $15,650 | $15,481 | $15,385 | $15,494 | $15,561 | $15,542 | $15,538 | $15,447 | $15,323 | $15,163 | $15,033 | $14,907 |
| Paid-in Capital | $23,000 | $23,000 | $23,000 | $23,000 | $23,000 | $23,000 | $23,000 | $23,000 | $23,000 | $23,000 | $23,000 | $23,000 | $23,000 |
| Retained Earnings | ($19,900) | ($19,900) | ($19,900) | ($19,900) | ($19,900) | ($19,900) | ($19,900) | ($19,900) | ($19,900) | ($19,900) | ($19,900) | ($19,900) | ($19,900) |
| Earnings | $0 | ($2,670) | ($5,238) | ($7,403) | ($8,320) | ($9,031) | ($9,020) | ($8,227) | ($7,010) | ($5,509) | ($3,866) | ($2,139) | ($130) |
| Total Capital | $3,100 | $430 | ($2,138) | ($4,303) | ($5,220) | ($5,931) | ($5,920) | ($5,127) | ($3,910) | ($2,409) | ($766) | $961 | $2,970 |
| Total Liabilities and Capital | $18,100 | $16,079 | $13,343 | $11,082 | $10,274 | $9,630 | $9,622 | $10,411 | $11,537 | $12,913 | $14,397 | $15,994 | $17,877 |
| Net Worth | $3,100 | $430 | ($2,138) | ($4,303) | ($5,220) | ($5,931) | ($5,920) | ($5,127) | ($3,910) | ($2,409) | ($766) | $961 | $2,970 |
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