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Restaurant 2 Years Ago Last Year Year 1
Monthly Income Statement Month 12 Month 24 Month 36
Jan 2019 - Dec 2023 Dec-19 Dec-20 Dec-21

Revenue
Revenue by Meal (Inside) $ 1,313,125 $ 2,358,180 $ 3,093,009
Revenue by Table (Patio) $ 301,850 $ 382,850 $ 603,625

Total Sales $ 1,614,975 $ 2,741,030 $ 3,696,633

(Less) Transaction Fees $ - $ - $ -

Net Sales $ 1,614,975 $ 2,741,030 $ 3,696,633

Cost of Revenue
Restaurant Labor $ 201,600 $ 201,600 $ 366,670
Cost per Meal (Inside) $ 835,625 $ 1,500,660 $ 1,968,278
Cost per Table (Patio) $ 156,962 $ 199,082 $ 313,885

Total Cost of Revenue $ 1,194,187 $ 1,901,342 $ 2,648,833

Gross Income $ 420,788 $ 839,688 $ 1,047,800

Operating Expenses
Management Salaries $ 115,000 $ 115,000 $ 209,162
Supplies $ 49,672 $ 70,821 $ 104,604
Rent $ 96,000 $ 96,000 $ 174,605
Utilities $ 7,200 $ 7,200 $ 13,095
Marketing $ 60,000 $ 60,000 $ 109,128
Legal & Accounting $ 3,500 $ 3,500 $ 6,366
Cleaning $ 18,000 $ 18,000 $ 32,738

Total Operating Expenses $ 349,372 $ 370,521 $ 649,699

EBITDA $ 71,416 $ 469,167 $ 398,101

Interest Expense $ 13,770 $ 10,999 $ 16,999

Depreciation Expense $ 29,150 $ 33,650 $ 33,650
Income Tax $ 9,974 $ 148,582 $ 111,605
Property Tax $ - $ - $ -

Net Income $ 18,522 $ 275,937 $ 235,847

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 Year 2 Year 3
Month 48 Month 60
Dec-22 Dec-23

$ 3,632,165 $ 3,948,735
$ 708,845 $ 770,626

$ 4,341,010 $ 4,719,361

$ - $ -

$ 4,341,010 $ 4,719,361

$ 430,586 $ 468,115
$ 2,311,378 $ 2,512,831
$ 368,599 $ 400,726

$ 3,110,564 $ 3,381,672

$ 1,230,447 $ 1,337,689

$ 245,622 $ 267,030
$ 122,838 $ 133,545
$ 205,041 $ 222,912
$ 15,378 $ 16,718
$ 128,151 $ 139,320
$ 7,475 $ 8,127
$ 38,445 $ 41,796

$ 762,951 $ 829,448

$ 467,496 $ 508,241

$ 20,314 $ 23,629
$ 38,650 $ 38,650
$ 131,060 $ 142,483
$ - $ -

$ 277,472 $ 303,480
Restaurant 2 Years Ago Last Year Year 1
Common Size Income Statement Month 12 Month 24 Month 36
Jan 2019 - Dec 2023 Dec-19 Dec-20 Dec-21

Revenue
Revenue by Meal (Inside) 81.3% 86.0% 83.7%
Revenue by Table (Patio) 18.7% 14.0% 16.3%

Total Sales 100.0% 100.0% 100.0%

Sales Growth 69.7% 34.9%
(Less) Transaction Fees 0.0% 0.0% 0.0%

Net Sales 100.0% 100.0% 100.0%

Cost of Revenue
Restaurant Labor 12.5% 7.4% 9.9%
Cost per Meal (Inside) 51.7% 54.7% 53.2%
Cost per Table (Patio) 9.7% 7.3% 8.5%

Total Cost of Revenue 73.9% 69.4% 71.7%

Gross Income 26.1% 30.6% 28.3%

Operating Expenses
Management Salaries 7.1% 4.2% 5.7%
Supplies 3.1% 2.6% 2.8%
Rent 5.9% 3.5% 4.7%
Utilities 0.4% 0.3% 0.4%
Marketing 3.7% 2.2% 3.0%
Legal & Accounting 0.2% 0.1% 0.2%
Cleaning 1.1% 0.7% 0.9%

Total Operating Expenses 21.6% 13.5% 17.6%

EBITDA 4.4% 17.1% 10.8%

Interest Expense 0.9% 0.4% 0.6%

Depreciation Expense 1.8% 1.2% 1.5%
Income Tax 0.6% 5.4% 3.0%
Property Tax 0.0% 0.0% 0.0%

Net Income 1.1% 10.1% 5.6%

 Year 2 Year 3
Month 48 Month 60
Dec-22 Dec-23

83.7% 83.7%
16.3% 16.3%

100.0% 100.0%
17.4% 8.7%
0.0% 0.0%

100.0% 100.0%

9.9% 9.9%
53.2% 53.2%
8.5% 8.5%

71.7% 71.7%

28.3% 28.3%

5.7% 5.7%
2.8% 2.8%
4.7% 4.7%
0.4% 0.4%
3.0% 3.0%
0.2% 0.2%
0.9% 0.9%

17.6% 17.6%

10.8% 10.8%

0.6% 0.6%
1.5% 1.5%
3.0% 3.0%
0.0% 0.0%

5.6% 5.6%
Restaurant 2 Years Ago Last Year Year 1
Balance Sheet Month 12 Month 24 Month 36
Jan 2019 - Dec 2023 Dec-19 Dec-20 Dec-21

Assets
Current Assets:
Cash $ 10,252 $ 119,514 $ 463,629
Accounts Receivable $ 8,495 $ 14,226 $ 19,315
Inventory $ 180,388 $ 320,441 $ 423,269
Total Current Assets $ 199,135 $ 454,181 $ 906,213

Long-Term Assets:
Kitchen Equipment $ 150,000 $ 150,000 $ 150,000
Dishes & Silverware $ 35,000 $ 35,000 $ 35,000
Accumulated Depreciation $ (29,150) $ (62,800) $ (96,450)
Total Net Fixed Assets $ 155,850 $ 122,200 $ 88,550

Total Assets $ 354,985 $ 576,381 $ 994,763

Liabilities & Equity

Current Liabilities:
Accounts Payable $ 5,629 $ 8,025 $ 73,623
Total Current Liabilities $ 5,629 $ 8,025 $ 73,623

Long-Term Liabilities:
Startup Loan $ 245,833 $ 188,896 $ 245,833
New Loan $ 60,000
Total Long-Term Liabilities $ 245,833 $ 188,896 $ 305,833

Total Liabilities $ 251,462 $ 196,921 $ 379,456

Shareholder's Equity:
Paid in Capital $ - $ - $ -
Common Stock $ 85,000 $ 85,000 $ 85,000
Preferred Stock $ - $ - $ -
Retained Earnings $ 18,522 $ 294,460 $ 530,307
Total Shareholder Equity $ 103,522 $ 379,460 $ 615,307
 Total Liabilities & Equity $ 354,985 $ 576,381 $ 994,763

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balance_check - - -

Accounts Receivable 2 Years Ago Last Year Year 1

Revenue $ 1,614,975 $ 2,741,030 $ 3,696,633
% of Revenue 0.53% 0.52% 0.52%
Accounts Receivable $ 8,495 $ 14,226 $ 19,315

Inventory 2 Years Ago Last Year Year 1

COGS $ 1,194,187 $ 1,901,342 $ 2,648,833
% of COGS 15.11% 16.85% 15.98%
Inventory $ 180,388 $ 320,441 $ 423,269

Accumulated Depreciation 2 Years Ago Last Year Year 1

Depreciation Expense
Existing Depreciation Expense $ (29,150) $ (33,650) $ (33,650)
New Depreciation (Dishes & Silverwa$ - $ - $ -
Total Depreciation Expense $ (29,150) $ (33,650) $ (33,650)

Accumulated Depreciation $ (29,150) $ (62,800) $ (96,450)

Dishes & Silverware 2 Years Ago Last Year Year 1

Asset Values
Existing Dishes & Silverware $ 35,000 $ 35,000 $ 35,000
New Dishes & Silverware $ - $ - $ -
Total Value of Dishes & Silverware $ 35,000 $ 35,000 $ 35,000

Depreciation $ - $ - $ -

Accounts Payable 2 Years Ago Last Year Year 1

Supplies Expense $ 49,672 $ 70,821 $ 649,699
% of Expense 11.33% 11.33% 11.33%
Accounts Payable $ 5,629 $ 8,025 $ 73,623

New Loan (Simple) 2 Years Ago Last Year Year 1

Beginning Balance $ 75,000
Principal Paid $ 15,000
Interest Paid $ 6,000
Ending Balance $ 60,000

Loan 2 Years Ago Last Year Year 1

Beginning Balance $ 245,833 $ 188,896
Principal Paid $ (56,938) $ (56,938)
Interest Rate 5.82% 5.82%
Interest Paid $ 10,999 $ 10,999
Ending Balance $ 245,833 $ 188,896 $ 245,833

Interest Expense 2 Years Ago Last Year Year 1

New Loan (Simple) $ - $ 6,000
Loan $ 10,999 $ 10,999
Total Interest Expense $ 10,999 $ 16,999

Common Stock 2 Years Ago Last Year Year 1

Beginning Common Stock Balance $ 85,000 $ 85,000 $ 85,000
New Stock Issuance
Ending Common Stock Balance $ 85,000 $ 85,000 $ 85,000

Retained Earnings 2 Years Ago Last Year Year 1

Beginning Retained Earnings $ 294,460
Net Profit $ 235,847
Ending Retained Earnings $ 294,460 $ 530,307
 Year 2 Year 3
Month 48 Month 60
Dec-22 Dec-23

$ 757,373 $ 1,103,678
$ 22,682 $ 24,659
$ 497,051 $ 540,373
$ 1,277,107 $ 1,668,709

$ 150,000 $ 150,000
$ 60,000 $ 60,000
$ (135,100) $ (173,750)
$ 74,900 $ 36,250

$ 1,352,007 $ 1,704,959

$ 86,456 $ 93,992
$ 86,456 $ 93,992

$ 302,771 $ 359,709
$ 45,000 $ 30,000
$ 347,771 $ 389,709

$ 434,228 $ 483,701

$ - $ -
$ 110,000 $ 110,000
$ - $ -
$ 807,779 $ 1,111,258
$ 917,779 $ 1,221,258
$ 1,352,007 $ 1,704,959

- -

Year 2 Year 3
$ 4,341,010 $ 4,719,361
0.52% 0.52%
$ 22,682 $ 24,659

Year 2 Year 3
$ 3,110,564 $ 3,381,672
15.98% 15.98%
$ 497,051 $ 540,373

Year 2 Year 3

$ (33,650) $ (33,650)
$ (5,000) $ (5,000)
$ (38,650) $ (38,650)

$ (135,100) $ (173,750)

Year 2 Year 3

$ 35,000 $ 35,000
$ 25,000 $ 25,000
$ 60,000 $ 60,000

$ (5,000) $ (5,000)

Year 2 Year 3
$ 762,951 $ 829,448
11.33% 11.33%
$ 86,456 $ 93,992

Year 2 Year 3
$ 60,000 $ 45,000
$ 15,000 $ 15,000
$ 6,000 $ 6,000
$ 45,000 $ 30,000

Year 2 Year 3
$ 245,833 $ 302,771
$ (56,938) $ (56,938)
5.82% 5.82%
$ 14,314 $ 17,629
$ 302,771 $ 359,709

Year 2 Year 3
$ 6,000 $ 6,000
$ 14,314 $ 17,629
$ 20,314 $ 23,629

Year 2 Year 3
$ 85,000 $ 110,000
$ 25,000
$ 110,000 $ 110,000

Year 2 Year 3
$ 530,307 $ 807,779
$ 277,472 $ 303,480
$ 807,779 $ 1,111,258
Restaurant 2 Years Ago Last Year
Cash Flow Statement Month 12 Month 24
Jan 2020 - Dec 2022 Dec-19 Dec-20

Operating Activities
Net Income $ 18,522 $ 275,937
Depreciation & Amortization $ 29,150 $ 33,650
Decrease (Increase) in Inventory $ (180,388) $ (140,053)
Decrease (Increase) in Accounts Receivable $ (8,495) $ (5,731)
Increase (Decrease) in Accounts Payable $ 5,629 $ 2,397
Cash Flow from Operations $ (135,582) $ 166,200

Investing Activities
Investments in Kitchen Equipment $ 150,000 $ -
Investments in Dishes & Silverware $ 35,000 $ -
Cash Flow from Investing Activities $ 185,000 $ -
Financing Activities
Increase in New Loan
Repayment of New Loan
Increase in Existing Loan $ 300,000 $ -
Repayment of Existing Loan $ (54,167) $ (56,938)
Increase in Common Stock $ 85,000 $ -
Increase in Preferred Stock $ - $ -
Increase in Paid in Capital $ - $ -
Cash Flow from Financing $ 330,833 $ (56,938)

Net Increase (Decrease) in Cash $ 10,252 $ 109,262

Cash at Beginning of Period $ - $ 10,252
Cash at End of Period $ 10,252 $ 119,514

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 Year 1 Year 2 Year 3
Month 36 Month 48 Month 60
Dec-21 Dec-22 Dec-23

$ 235,847 $ 277,472 $ 303,480

$ 33,650 $ 38,650 $ 38,650
$ (102,828) $ (73,782) $ (43,322)
$ (5,089) $ (3,367) $ (1,977)
$ 65,598 $ 12,834 $ 7,535
$ 227,177 $ 251,807 $ 304,366

$ - $ - $ -
$ - $ 25,000 $ -
$ - $ 25,000 $ -

$ 75,000 $ - $ -
$ (15,000) $ (15,000) $ (15,000)
$ - $ - $ -
$ 56,938 $ 56,938 $ 56,938
$ - $ 25,000 $ -
$ - $ - $ -
$ - $ - $ -
$ 116,938 $ 66,938 $ 41,938

$ 344,115 $ 293,745 $ 346,304

$ 119,514 $ 463,629 $ 757,373
$ 463,629 $ 757,373 $ 1,103,678