Initial Investment Employee Quantity Payroll Subtotal Assumptions

Capex Store Manager 1 (Rp 2,500,000) (Rp 2,500,000) Monthly Revenue (Rp 30,000,000)
Rent (Rp 5,000,000) Barista 5 (Rp 1,000,000) (Rp 5,000,000) COGS 35%
Land (Rp - ) Chef 2 (Rp 1,300,000) (Rp 2,600,000) Marketing Expense 5%
Equipment (Rp 10,000,000) (Rp - ) Administration Expense 5%
Renovation (Rp 35,000,000) (Rp - ) Utilities Expense 5%
Machine (Rp 40,000,000) (Rp - ) Miscelaneous Expense 5%
Permit (Rp 5,000,000) (Rp - ) Growth Sales 5%
Net Working Capital (Rp - ) Inflation rate 4%
Marketing (Rp 2,000,000) (Rp - ) Retention For Growth (%) 25%
Payroll (Rp 10,100,000) (Rp - )
Modal Kerja Awal (Rp 5,000,000) (Rp - )
(Rp 112,100,000) (Rp 10,100,000)
1 2 3 4 5
Income Statement Year 1 Year 2 Year 3 Year 4 Year 5 Debt 30%
Ravenue (Rp 360,000,000) (Rp 374,400,000) (Rp 389,376,000) (Rp 404,951,040) (Rp 421,149,082) Equity 70%
COGS (Rp 13,000,000) (Rp 18,720,000) (Rp 19,468,800) (Rp 20,247,552) (Rp 21,057,454) Debt (Rp) (Rp 33,630,000)
Gross Margin (Rp 347,000,000) (Rp 355,680,000) (Rp 369,907,200) (Rp 384,703,488) (Rp 400,091,628) Equity (Rp) (Rp 78,470,000)
Marketing Expense (Rp 650,000) (Rp 812,500) (Rp 1,015,625) (Rp 1,269,531) (Rp 1,586,914) Tax Rate 25%
Administration Expense (Rp 650,000) (Rp 812,500) (Rp 1,015,625) (Rp 1,269,531) (Rp 1,586,914) Cost of Equity 15%
Utilities Expense (Rp 650,000) (Rp 812,500) (Rp 1,015,625) (Rp 1,269,531) (Rp 1,586,914) Cost of Debt 11%
Payroll Expense (Rp 194,700,000) (Rp 243,375,000) (Rp 304,218,750) (Rp 380,273,438) (Rp 475,341,797) WACC 13%
Miscelaneous Expense (Rp 18,000,000) (Rp 22,500,000) (Rp 28,125,000) (Rp 35,156,250) (Rp 43,945,313)
EBITDA (Rp 132,350,000) (Rp 87,367,500) (Rp 34,516,575) (Rp (34,534,793) (Rp (123,956,224) IRR 18%
Depretiation Expense (Rp 20,850,000) (Rp 20,850,000) (Rp 20,850,000) (Rp 20,850,000) (Rp 20,850,000) 13% ACCEPTED
Interest Expense (Rp 3,699,300) (Rp 3,699,300) (Rp 3,699,300) (Rp 3,699,300) (Rp 3,699,300) NPV (Rp (3,657,891)
Net Profit (Rp 107,800,700) (Rp 62,818,200) (Rp 9,967,275) (Rp (59,084,093) (Rp (148,505,524) 13% REJECTED
R/G (Rp - ) (Rp - ) (Rp - ) (Rp - ) (Rp - ) PBP -
FCF (Rp 128,650,700) (Rp 83,668,200) (Rp 30,817,275) (Rp (38,234,093) (Rp (127,655,524) 9 Bulan

0 1 2 3 4 5
(Rp (112,100,000) (Rp 128,650,700) (Rp 83,668,200) (Rp 30,817,275) (Rp (38,234,093) (Rp (127,655,524) 0.80
(Rp 112,100,000) (Rp (16,550,700) (Rp - ) (Rp - ) (Rp - ) (Rp - ) 9.6

Created by Irsyad Kamal, S.E., MBA, QWP