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    Income Statements

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    This pro forma income statement summarizes the projected sales, costs, expenses, and profits for a restaurant called Chic Café over its first fiscal year of operations from January to December. It shows that total annual sales are projected to be $586,478 with food sales accounting for 85% and beverage sales 15%. While gross profits are forecasted at $429,331 for the year, total operating expenses of $347,900 and rent costs of $31,174 results in a net loss of $7,804 for the first year.

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    Income Statements

    Uploaded by

    api-246082792
    28 views2 pages
    This pro forma income statement summarizes the projected sales, costs, expenses, and profits for a restaurant called Chic Café over its first fiscal year of operations from January to December. It shows that total annual sales are projected to be $586,478 with food sales accounting for 85% and beverage sales 15%. While gross profits are forecasted at $429,331 for the year, total operating expenses of $347,900 and rent costs of $31,174 results in a net loss of $7,804 for the first year.

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    This pro forma income statement summarizes the projected sales, costs, expenses, and profits for a restaurant called Chic Café over its first fiscal year of operations from January to December. It shows that total annual sales are projected to be $586,478 with food sales accounting for 85% and beverage sales 15%. While gross profits are forecasted at $429,331 for the year, total operating expenses of $347,900 and rent costs of $31,174 results in a net loss of $7,804 for the first year.

    Copyright:

    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xls, pdf, or txt
    28 views2 pages

    Income Statements

    Uploaded by

    api-246082792
    This pro forma income statement summarizes the projected sales, costs, expenses, and profits for a restaurant called Chic Café over its first fiscal year of operations from January to December. It shows that total annual sales are projected to be $586,478 with food sales accounting for 85% and beverage sales 15%. While gross profits are forecasted at $429,331 for the year, total operating expenses of $347,900 and rent costs of $31,174 results in a net loss of $7,804 for the first year.

    Copyright:

    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
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    Download as xls, pdf, or txt
    of 2

    Chic Caf

    Pro Forma Income Statement


    First Fiscal Year
    Jan
    Sales
    Food
    Beverage
    Total Sales

    Feb

    Mar

    Apr

    May

    Jun

    Jul

    Aug

    Sep

    Oct

    Nov

    Dec

    Total

    23,262
    4,105
    27,367

    73,498
    12,970
    86,468

    25,033
    4,418
    29,451

    44,735
    7,894
    52,630

    66,564
    11,747
    78,311

    32,934
    5,812
    38,746

    25,288
    4,463
    29,751

    58,212
    10,273
    68,485

    30,943
    5,460
    36,403

    67,291
    11,875
    79,166

    50,746
    8,955
    59,701

    498,506
    87,972
    586,478

    85.0%
    15.0%
    100.0%

    6,188
    1,145
    7,333

    19,550
    3,619
    23,169

    6,659
    1,233
    7,891

    11,900
    2,203
    14,102

    17,706
    3,277
    20,983

    8,760
    1,622
    10,382

    6,727
    1,245
    7,972

    15,484
    2,866
    18,350

    8,231
    1,523
    9,754

    17,899
    3,313
    21,212

    13,498
    2,498
    15,997

    132,603
    24,544
    157,147

    26.6%
    27.9%
    26.8%

    20,034

    63,299

    21,559

    38,527

    57,328

    28,364

    21,779

    50,134

    26,649

    57,953

    43,704

    429,331

    73.2%

    10,569
    794
    1,861
    192
    493
    766
    465
    1,095
    16,234

    33,394
    2,508
    5,880
    605
    1,556
    2,421
    1,470
    3,459
    51,293

    11,374
    854
    2,003
    206
    530
    825
    501
    1,178
    17,470

    20,326
    1,526
    3,579
    368
    947
    1,474
    895
    2,105
    31,220

    30,244
    2,271
    5,325
    548
    1,410
    2,193
    1,331
    3,132
    46,454

    14,964
    1,124
    2,635
    271
    697
    1,085
    659
    1,550
    22,984

    11,490
    863
    2,023
    208
    536
    833
    506
    1,190
    17,648

    26,449
    1,986
    4,657
    479
    1,233
    1,918
    1,164
    2,739
    40,625

    14,059
    1,056
    2,475
    255
    655
    1,019
    619
    1,456
    21,594

    30,574
    2,296
    5,383
    554
    1,425
    2,217
    1,346
    3,167
    46,961

    23,057
    1,731
    4,060
    418
    1,075
    1,672
    1,015
    2,388
    35,415

    226,499
    17,008
    39,880
    4,105
    10,557
    16,421
    9,970
    23,459
    347,900

    38.6%
    2.9%
    6.8%
    0.7%
    1.8%
    2.8%
    1.7%
    4.0%
    59.3%

    3,800

    12,006

    4,089

    7,307

    10,873

    5,380

    4,131

    9,509

    5,054

    10,992

    8,289

    81,431

    13.9%

    2,598

    2,598

    2,598

    2,598

    2,598

    2,598

    2,598

    2,598

    2,598

    2,598

    2,598

    2,598

    31,174

    6.0%

    IBITDA

    1,202

    9,408

    1,491

    4,710

    8,275

    2,782

    1,533

    (2,598)

    6,911

    2,457

    8,394

    5,692

    50,257

    8.6%

    Interest
    Income Tax
    Depreciation

    274
    1,916
    520

    865
    6,053
    1,643

    295
    2,062
    560

    526
    3,684
    1,000

    783
    5,482
    1,488

    387
    2,712
    736

    298
    2,083
    565

    685
    4,794
    1,301

    364
    2,548
    692

    792
    5,542
    1,504

    597
    4,179
    1,134

    5,865
    41,053
    11,143

    1.0%
    7.0%
    1.9%

    Net Income

    (1,507)

    848

    (1,424)

    (501)

    523

    (1,054)

    (1,412)

    131

    (1,147)

    557

    (219)

    (7,804)

    -1.3%

    Cost of Sales
    Food
    Beverage
    Total Cost of Sales
    Gross Profit
    Operating Expenses
    Salaries & Wages
    Employee Benefits
    Direct Operating Expenses
    Music and Entertainment
    Marketing
    Utilities
    Repairs & Maintenance
    General & Administrative Expenses
    Total Operating Expenses
    Operating Profit
    Rent and Other Occupation Costs

    (2,598)

    Restaurant Name
    Pro Forma Income Statement
    Second Fiscal Year
    Q1
    Sales
    Food
    Beverage
    Total Sales

    $
    $

    Cost of Sales
    Food
    Beverage
    Total Cost of Sales

    $
    $

    Gross Profit

    Operating Profit

    307,597

    $
    $

    34,019
    $
    $
    $

    $
    $

    $
    $

    98,874
    18,495
    117,369
    324,577

    $
    $
    $
    $
    $
    $
    $
    $
    $
    $

    25,130
    $

    (7,445) $

    35,897
    $
    $
    $

    $
    $

    $
    $

    87,769
    16,418
    104,188
    288,124

    $
    $
    $
    $
    $
    $
    $
    $
    $
    $

    26,517
    $

    (7,856) $

    31,865
    $
    $
    $

    $
    $

    $
    $

    100,541
    18,807
    119,348
    330,049

    $
    $
    $
    $
    $
    $
    $
    $
    $
    $

    23,539
    $

    (6,974) $

    $
    $
    $

    85.0%
    15.0%
    100.0%

    380,886
    71,249
    452,135

    26.3%
    27.9%
    26.6%

    1,250,347

    73.4%

    657,502
    49,372
    115,769
    11,917
    30,645
    47,669
    28,942
    68,099
    1,009,916

    38.6%
    2.9%
    6.8%
    0.7%
    1.8%
    2.8%
    1.7%
    4.0%
    59.3%

    240,431

    14.1%

    102,149

    6.0%

    $
    $
    $
    $
    $
    $
    $
    $
    $
    $

    26,964

    1,447,109
    255,372
    1,702,481

    173,558
    13,032
    30,559
    3,146
    8,089
    12,583
    7,640
    17,976
    266,583
    63,465

    3,923
    27,462
    7,454

    Total
    381,987
    67,409
    449,397

    151,512
    11,377
    26,677
    2,746
    7,062
    10,985
    6,669
    15,692
    232,720
    55,404

    4,419
    30,936
    8,397

    Q4
    333,465
    58,847
    392,312

    170,681
    12,816
    30,052
    3,094
    7,955
    12,374
    7,513
    17,678
    262,164
    62,413

    4,188
    29,318
    7,958

    Q3
    375,654
    66,292
    441,946

    161,752
    12,146
    28,480
    2,932
    7,539
    11,727
    7,120
    16,753
    248,449
    59,148

    Interest
    Income Tax
    Depreciation
    Net Income

    $
    $

    93,702
    17,528
    111,230

    $
    $
    $
    $
    $
    $
    $
    $

    Rent and Other Occupation Costs


    IBITDA

    $
    $

    356,003
    62,824
    418,827

    Operating Expenses
    Salaries & Wages
    Employee Benefits
    Direct Operating Expenses
    Music and Entertainment
    Marketing
    Utilities
    Repairs & Maintenance
    General & Administrative Expenses
    Total Operating Expenses

    Q2

    36,502

    138,282

    8.1%

    4,494
    31,458
    8,539

    $
    $
    $

    17,025
    119,174
    32,347

    1.0%
    7.0%
    1.9%

    (7,989)

    (30,264)

    -1.8%

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