Professional Documents
Culture Documents
Franchise Business Plan
Franchise Business Plan
Franchise Business Plan
4 Moons Pizzeria
This sample business plan has been made available to users of Business Plan Pro, business
planning software published by Palo Alto Software. Names, locations and numbers may have been
changed, and substantial portions of the original plan text may have been omitted to preserve
confidentiality and proprietary information.
You are welcome to use this plan as a starting point to create your own, but you do not have
permission to reproduce, resell, publish, distribute or even copy this plan as it exists here.
Requests for reprints, academic use, and other dissemination of this sample plan should be emailed
to the marketing department of Palo Alto Software at marketing@paloalto.com. For product
information visit our Website: www.paloalto.com or call: 1-800-229-7526.
Legal Page
Confidentiality Agreement
The undersigned reader acknowledges that the information provided by
_________________________ in this business plan is confidential; therefore, reader agrees not to
disclose it without the express written permission of _________________________.
It is acknowledged by reader that information to be furnished in this business plan is in all respects
confidential in nature, other than information which is in the public domain through other means
and that any disclosure or use of same by reader, may cause serious harm or damage to
_________________________.
Upon request, this document is to be immediately returned to _________________________.
___________________
Signature
___________________
Name (typed or printed)
___________________
Date
Table of Contents
Table of Contents
Page 2
4 Moons Pizzeria
1.2 Mission
4 Moons Pizzeria exists for the purpose of generating sales and profit. Because we are a service
business, we will also exist to serve our customers. These two reasons for our existence are
inextricable. If one aspect does not exist, the other will cease to exist.
Page 1
4 Moons Pizzeria
Chart: Highlights
Highlights
$800,000
$700,000
$600,000
$500,000
Sales
$400,000
Gross Margin
Net Profit
$300,000
$200,000
$100,000
$0
Year 1
Year 2
Year 3
Page 2
4 Moons Pizzeria
Carol Mittani: General Managing Owner - Hands-on management of all daily restaurant and
company operations.
Steve Solutrian: Vice Managing Owner / Sales and restaurant operations. Hands-on
management of daily operations and sales trends.
Diane Solutrian: Vice Managing Owner / All office procedures. Hands-on management of
daily operations.
Rikard Mittani: Vice Managing Owner / Marketing and future finances and investments.
Hands-on management of daily operations.
Page 3
4 Moons Pizzeria
Chart: Start-up
Start-up
$320,000
$280,000
$240,000
$200,000
$160,000
$120,000
$80,000
$40,000
$0
Expenses
Assets
Investment
Loans
Table: Start-up
Start-up
Requirements
Start-up Expenses
Remodel Costs
Proscreen/Wallpaper-Menu Boards
Insurance
Franchise Fee
1st month rent
Drafting/Engineering
City fees/Misc costs
Beer and wine license
Training/travel
Utility start-up costs
Design
Total Start-up Expenses
$214,630
$3,644
$1,500
$25,000
$4,242
$3,000
$2,491
$500
$2,000
$5,000
$4,200
$266,207
Start-up Assets
Cash Required
Start-up Inventory
Other Current Assets
Long-term Assets
Total Assets
$87,286
$10,000
$41,775
$99,732
$238,793
Total Requirements
$505,000
Page 4
4 Moons Pizzeria
3.0 Services
4 Moons Pizzerias are comfortable and inviting. We are a fast-casual operation with dine in,
take-out, and delivery. The decor and theme are centered around the cutting edge open kitchen
with brick arches and distinctive lighting. Our energy and atmosphere will appeal to families,
groups, and schools.
The real power and energy of the pizzeria will come from the attentive and courteous service
provided by our managers and staff. Our fresh menu will be prepared by our motivated kitchen
team, and carefully orchestrated to provide the best service to our customers who are our
priority. We will have at least one manager on duty at all times.
Our hours are Sunday thru Thursday 11 am. to 10 pm. Friday and Saturday 11 am. to 11 pm.
Take out available during store hours. Delivery hours are 4 pm to closing everyday we are
open. We will offer delivery all day on Saturday and Sunday and some holidays.
4.0 Market Analysis Summary
Ohno is one of the fastest growing cities in America with Nevada being voted the best small
business state in the country. Ohno is a community diverse in the arts and culture. We have a
strong labor market, low taxes, affordable housing, and natural amenities making Ohno an
attractive place to live and do business.
The greater Ohno metropolitan area population has grown one third through the last decade
and is projected to grow 11.4% in the next five years.
The median age is 36 years old with household incomes averaging $65,895. With a strong local
economy we have a population with disposable cash for dining and entertainment.
According to the Nevada Restaurant Association, Nevada restaurants are expected to lead
the nation in sales growth at 7.6%. Nevada is also the fastest growing state in the union.
4.1 Market Segmentation
4 Moons target market is a three mile radius of site location. Within the three mile operating
radius is a population of 121,705. The total number of households in this area is 48,839 with an
average income of $58,197.
This area is densely populated, and a desirable part of town in which to live. It is an underserved portion of town, especially to the west up to the Caughlin Ranch area. It is on one of
the most traveled corridors in Ohno, Blue Plum Lane. Located near two of Ohno's most popular
malls, Parklane and Shopper's Square.
Our target market includes adults 20 to 54 years old who socialize and have families. Children
are a big part of our market, at a third of the population is this area. Ages 4 to 19 prefer pizza
over any fast food and often influence family dining decisions. According to one study, 93% of
the U.S. population eats pizza. If we sold one pizza per month with an average of $17.00 per
household, we would generate $721,141 in one month. This illustrates that with effective
marketing, superior product, and proper management we will reach and exceed our projected
sales goals.
Page 5
4 Moons Pizzeria
In this area we have some of the best schools. 4 Moons Pizzerias provides support for local area
school groups and sports teams, as well as local church groups. We will be involved through
providing sponsorships, discounts, and donations.
Table: Market Analysis
Market Analysis
Potential Customers
Year 1
Year 2
Year 3
Year 4
Year 5
4%
30,426
31,643
32,909
34,225
35,594
4.00%
4%
61,583
64,046
66,608
69,272
72,043
4.00%
3%
3.87%
26,775
118,784
27,685
123,374
28,626
128,143
29,599
133,096
30,605
138,242
3.40%
3.87%
Growth
CAGR
Page 6
4 Moons Pizzeria
Page 7
4 Moons Pizzeria
Page 8
4 Moons Pizzeria
Sales Forecast
Year 1
Year 2
Year 3
$677,297
$0
$677,297
$717,935
$0
$717,935
$761,011
$0
$761,011
Year 1
$135,461
$0
$135,461
Year 2
$143,590
$0
$143,590
Year 3
$152,206
$0
$152,206
Sales
Sales Monthly
$60,000
$50,000
$40,000
Other
$20,000
$10,000
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 9
4 Moons Pizzeria
Sales by Year
$800,000
$700,000
$600,000
$500,000
$400,000
Other
$300,000
$200,000
$100,000
$0
Year 1
Year 2
Year 3
Carol Mittani will be General Manager working every day to insure success. Steve Solutrian,
Diane Solutrian, and Rikard Mittani will be on site various hours, and during peak dinner hours
to help with general operational tasks, plus opening to closing hours on the weekend.
* Confidential and proprietary information omitted from this sample plan.
Page 10
4 Moons Pizzeria
Personnel Plan
Year 1
Year 2
Year 3
Wages
Other
Total People
$126,738
$0
14
$129,228
$0
14
$136,982
$0
14
Total Payroll
$126,738
$129,228
$136,982
Page 11
4 Moons Pizzeria
Start-up Funding
Start-up Expenses to Fund
Start-up Assets to Fund
Total Funding Required
$266,207
$238,793
$505,000
Assets
Non-cash Assets from Start-up
Cash Requirements from Start-up
Additional Cash Raised
Cash Balance on Starting Date
Total Assets
$151,507
$87,286
$0
$87,286
$238,793
$0
$345,000
$0
$0
$345,000
Capital
Planned Investment
Solutrian, Steve and Diane
Mittani, Rikard and Carol
Additional Investment Requirement
Total Planned Investment
Loss at Start-up (Start-up Expenses)
Total Capital
$75,000
$75,000
$10,000
$160,000
($266,207)
($106,207)
$238,793
Total Funding
$505,000
Page 12
4 Moons Pizzeria
General Assumptions
Plan Month
Current Interest Rate
Long-term Interest Rate
Tax Rate
Other
Year 1
Year 2
Year 3
1
0.00%
7.00%
30.00%
0
2
0.00%
7.00%
30.00%
0
3
0.00%
7.00%
30.00%
0
Page 13
4 Moons Pizzeria
Break-even Analysis
Monthly Revenue Break-even
$22,254
Assumptions:
Average Percent Variable Cost
Estimated Monthly Fixed Cost
20%
$17,804
Break-even Analysis
$20,000
$16,000
$12,000
$8,000
$4,000
$0
($4,000)
($8,000)
($12,000)
($16,000)
$0
$4,000
$8,000
$16,000
$24,000
$32,000
$40,000
$12,000
$20,000
$28,000
$36,000
$44,000
Page 14
4 Moons Pizzeria
Profit Monthly
$20,000
$18,000
$16,000
$14,000
$12,000
$10,000
$8,000
$6,000
$4,000
$2,000
$0
Month 1
Month 3
Month 5
Month 7
Month 9
Month 11
Month 2
Month 4
Month 6
Month 8
Month 10
Month 12
Page 15
4 Moons Pizzeria
Profit Yearly
$240,000
$210,000
$180,000
$150,000
$120,000
$90,000
$60,000
$30,000
$0
Year 1
Year 2
Year 3
Page 16
4 Moons Pizzeria
$600,000
$500,000
$400,000
$300,000
$200,000
$100,000
$0
Year 1
Year 2
Year 3
Year 2
Year 3
Sales
Direct Cost of Sales
Other Costs of Sales
Total Cost of Sales
$677,297
$135,461
$0
$135,461
$717,935
$143,590
$0
$143,590
$761,011
$152,206
$0
$152,206
Gross Margin
Gross Margin %
$541,836
80.00%
$574,345
80.00%
$608,805
80.00%
Payroll
Marketing/Promotion
Depreciation
Rent
Royalty fees
Equip rent/repair
Utilities
Admin charges
$126,738
$0
$30,000
$50,904
$0
$3,000
$0
$3,000
$129,228
$0
$30,000
$50,904
$0
$5,400
$0
$3,000
$136,982
$0
$30,000
$52,431
$0
$5,400
$0
$3,000
$213,642
$218,532
$227,813
$328,194
$358,194
$23,367
$91,448
$355,813
$385,813
$21,648
$100,249
$380,992
$410,992
$19,738
$108,376
Net Profit
Net Profit/Sales
$213,378
31.50%
$233,915
32.58%
$252,878
33.23%
Expenses
Page 17
4 Moons Pizzeria
Year 2
Year 3
$677,297
$677,297
$717,935
$717,935
$761,011
$761,011
$0
$0
$0
$0
$0
$0
$0
$677,297
$0
$0
$0
$0
$0
$0
$0
$717,935
$0
$0
$0
$0
$0
$0
$0
$761,011
Year 1
Year 2
Year 3
$126,738
$276,887
$403,625
$129,228
$324,826
$454,054
$136,982
$340,198
$477,180
$0
$0
$0
$22,576
$0
$0
$0
$426,201
$0
$0
$0
$26,332
$0
$0
$0
$480,386
$0
$0
$0
$28,237
$0
$0
$0
$505,417
$251,096
$338,382
$237,549
$575,931
$255,594
$831,525
Cash Received
Cash from Operations
Cash Sales
Subtotal Cash from Operations
Additional Cash Received
Sales Tax, VAT, HST/GST Received
New Current Borrowing
New Other Liabilities (interest-free)
New Long-term Liabilities
Sales of Other Current Assets
Sales of Long-term Assets
New Investment Received
Subtotal Cash Received
Expenditures
Expenditures from Operations
Cash Spending
Bill Payments
Subtotal Spent on Operations
Additional Cash Spent
Page 18
4 Moons Pizzeria
Chart: Cash
Cash
$320,000
$280,000
$240,000
$200,000
$160,000
Cash Balance
$120,000
$80,000
$40,000
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 19
4 Moons Pizzeria
Year 2
Year 3
$338,382
$6,044
$41,775
$386,201
$575,931
$6,471
$41,775
$624,177
$831,525
$6,859
$41,775
$880,159
$99,732
$30,000
$69,732
$455,933
$99,732
$60,000
$39,732
$663,909
$99,732
$90,000
$9,732
$889,891
Year 1
Year 2
Year 3
$26,338
$0
$0
$26,338
$26,730
$0
$0
$26,730
$28,072
$0
$0
$28,072
$322,424
$348,762
$296,092
$322,822
$267,855
$295,927
$160,000
($266,207)
$213,378
$107,171
$455,933
$160,000
($52,829)
$233,915
$341,086
$663,909
$160,000
$181,086
$252,878
$593,964
$889,891
$107,171
$341,086
$593,964
Assets
Current Assets
Cash
Inventory
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
Long-term Liabilities
Total Liabilities
Paid-in Capital
Retained Earnings
Earnings
Total Capital
Total Liabilities and Capital
Net Worth
Page 20
4 Moons Pizzeria
Ratio Analysis
Year 1
Year 2
Year 3
Industry Profile
n.a.
6.00%
6.00%
5.24%
Inventory
Other Current Assets
Total Current Assets
Long-term Assets
Total Assets
1.33%
9.16%
84.71%
15.29%
100.00%
0.97%
6.29%
94.02%
5.98%
100.00%
0.77%
4.69%
98.91%
1.09%
100.00%
4.34%
35.11%
43.74%
56.26%
100.00%
Current Liabilities
Long-term Liabilities
Total Liabilities
Net Worth
5.78%
70.72%
76.49%
23.51%
4.03%
44.60%
48.62%
51.38%
3.15%
30.10%
33.25%
66.75%
18.93%
25.48%
44.41%
55.59%
100.00%
80.00%
48.50%
4.43%
48.46%
100.00%
80.00%
47.42%
0.00%
49.56%
100.00%
80.00%
46.77%
0.00%
50.06%
100.00%
61.91%
39.08%
2.55%
1.38%
14.66
14.43
76.49%
284.43%
66.86%
23.35
23.11
48.62%
97.97%
50.33%
31.35
31.11
33.25%
60.82%
40.60%
1.14
0.79
49.97%
3.97%
7.93%
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
31.50%
199.10%
32.58%
68.58%
33.23%
42.57%
n.a
n.a
23.52
11.51
27
1.49
22.95
12.17
30
1.08
22.84
12.17
29
0.86
n.a
n.a
n.a
n.a
3.25
0.08
0.95
0.08
0.50
0.09
n.a
n.a
$359,863
14.04
$597,446
16.44
$852,087
19.30
n.a
n.a
0.67
6%
14.43
6.32
0.92
4%
23.11
2.10
1.17
3%
31.11
1.28
n.a
n.a
n.a
n.a
Activity Ratios
Inventory Turnover
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
Page 21
4 Moons Pizzeria
Dividend Payout
0.00
0.00
0.00
n.a
Page 22
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
$59,840
$0
$59,840
$60,139
$0
$60,139
$60,440
$0
$60,440
Sales
Total Restaurant Sales
Other
Total Sales
0%
0%
$28,750
$0
$28,750
$57,500
$0
$57,500
Month 4
$58,366
$0
$58,366
Month 5
$58,658
$0
$58,658
Month 6
$58,952
$0
$58,952
Month 7
$59,246
$0
$59,246
Month 8
$59,542
$0
$59,542
Month 1
Month 10
Month 11
Month 12
Cost of Sales
$5,750
$11,500
$11,557
$11,616
$11,673
$11,732
$11,791
$11,849
$11,909
$11,968
$12,028
$12,088
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$5,750
$11,500
$11,557
$11,616
$11,673
$11,732
$11,791
$11,849
$11,909
$11,968
$12,028
$12,088
Month 3
$58,076
$0
$58,076
Month 2
$57,788
$0
$57,788
Month 9
Page 1
Appendix
Table: Personnel
Personnel Plan
Wages
Other
Total People
Total Payroll
18%
0%
Month 1
Month 2
Month 3
Month 4
Month 5
Month 6
Month 7
Month 8
Month 9
Month 10
Month 11
Month 12
$10,000
$0
14
$10,350
$0
14
$10,402
$0
14
$10,454
$0
14
$10,506
$0
14
$10,558
$0
14
$10,611
$0
14
$10,664
$0
14
$10,718
$0
14
$10,771
$0
14
$10,825
$0
14
$10,879
$0
14
$10,000
$10,350
$10,402
$10,454
$10,506
$10,558
$10,611
$10,664
$10,718
$10,771
$10,825
$10,879
Page 2
Appendix
Table: Profit and Loss
Month 10
Month 11
Month 12
$28,750
$57,500
Month 2
$57,788
Month 3
$58,076
Month 4
$58,366
Month 5
$58,658
Month 6
$58,952
Month 7
$59,246
Month 8
$59,542
Month 9
$59,840
$60,139
$60,440
$5,750
$11,500
$11,557
$11,616
$11,673
$11,732
$11,791
$11,849
$11,909
$11,968
$12,028
$12,088
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$5,750
$11,500
$11,557
$11,616
$11,673
$11,732
$11,791
$11,849
$11,909
$11,968
$12,028
$12,088
$23,000
$46,000
$46,231
$46,460
$46,693
$46,926
$47,161
$47,397
$47,633
$47,872
$48,111
$48,352
80.00%
80.00%
80.00%
80.00%
80.00%
80.00%
80.00%
80.00%
80.00%
80.00%
80.00%
80.00%
$10,000
$10,350
$10,402
$10,454
$10,506
$10,558
$10,611
$10,664
$10,718
$10,771
$10,825
$10,879
$0
$2,500
$0
$2,500
$0
$2,500
$0
$2,500
$0
$2,500
$0
$2,500
$0
$2,500
$0
$2,500
$0
$2,500
$0
$2,500
$0
$2,500
$0
$2,500
Expenses
Payroll
Marketing/Promotion
Depreciation
4%
Rent
$4,242
$4,242
$4,242
$4,242
$4,242
$4,242
$4,242
$4,242
$4,242
$4,242
$4,242
$4,242
5%
$0
$250
$0
$250
$0
$250
$0
$250
$0
$250
$0
$250
$0
$250
$0
$250
$0
$250
$0
$250
$0
$250
$0
$250
11%
$0
$250
$0
$250
$0
$250
$0
$250
$0
$250
$0
$250
$0
$250
$0
$250
$0
$250
$0
$250
$0
$250
$0
$250
$17,242
$17,592
$17,644
$17,696
$17,748
$17,800
$17,853
$17,906
$17,960
$18,013
$18,067
$18,121
$5,758
$28,408
$28,587
$28,764
$28,945
$29,126
$29,308
$29,491
$29,673
$29,859
$30,044
$30,231
Royalty fees
Equip rent/repair
Utilities
Admin charges
$8,258
$30,908
$31,087
$31,264
$31,445
$31,626
$31,808
$31,991
$32,173
$32,359
$32,544
$32,731
Interest Expense
$2,013
$2,001
$1,989
$1,977
$1,966
$1,954
$1,942
$1,930
$1,918
$1,905
$1,893
$1,881
Taxes Incurred
$1,124
$7,922
$7,979
$8,036
$8,094
$8,152
$8,210
$8,268
$8,327
$8,386
$8,445
$8,505
$2,622
$18,485
$18,619
$18,751
$18,886
$19,020
$19,156
$19,293
$19,429
$19,567
$19,706
$19,845
9.12%
32.15%
32.22%
32.29%
32.36%
32.43%
32.49%
32.56%
32.63%
32.70%
32.77%
32.83%
Net Profit
Net Profit/Sales
Page 3
Appendix
Table: Cash Flow
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
$28,750
$57,500
$57,788
$58,076
$58,366
$58,658
$58,952
$59,246
$59,542
$59,840
$60,139
$60,440
$28,750
$57,500
$57,788
$58,076
$58,366
$58,658
$58,952
$59,246
$59,542
$59,840
$60,139
$60,440
$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
$28,750
$57,500
$57,788
$58,076
$58,366
$58,658
$58,952
$59,246
$59,542
$59,840
$60,139
$60,440
Month 10
Month 11
Month 12
0.00%
Month 1
Month 2
Month 3
Month 4
Month 5
Month 6
Month 7
Month 8
Month 9
$10,000
$10,350
$10,402
$10,454
$10,506
$10,558
$10,611
$10,664
$10,718
$10,771
$10,825
$10,879
$263
$8,538
$27,619
$26,300
$26,404
$26,506
$26,612
$26,717
$26,822
$26,929
$27,034
$27,142
$10,263
$18,888
$38,021
$36,753
$36,910
$37,065
$37,224
$37,382
$37,539
$37,700
$37,860
$38,021
$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
$1,993
$2,005
$2,017
$2,028
$2,040
$2,052
$2,064
$2,076
$2,088
$2,100
$2,113
$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
$10,263
$20,881
$40,026
$38,770
$38,938
$39,105
$39,276
$39,446
$39,615
$39,788
$39,960
$40,134
Bill Payments
Subtotal Spent on Operations
Additional Cash Spent
Page 4
Appendix
Net Cash Flow
Cash Balance
$18,487
$36,619
$17,762
$19,306
$19,428
$19,553
$19,676
$19,800
$19,927
$20,052
$20,179
$20,306
$105,773
$142,393
$160,154
$179,460
$198,888
$218,441
$238,117
$257,918
$277,845
$297,897
$318,076
$338,382
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
Inventory
Other Current Assets
Total Current Assets
$87,286
$10,000
$41,775
$139,061
$105,773
$4,250
$41,775
$151,798
$142,393
$5,750
$41,775
$189,918
$160,154
$5,779
$41,775
$207,708
$179,460
$5,808
$41,775
$227,043
$198,888
$5,837
$41,775
$246,499
$218,441
$5,866
$41,775
$266,082
$238,117
$5,896
$41,775
$285,788
$257,918
$5,925
$41,775
$305,617
$277,845
$5,955
$41,775
$325,574
$297,897
$5,984
$41,775
$345,656
$318,076
$6,014
$41,775
$365,865
$338,382
$6,044
$41,775
$386,201
$99,732
$0
$99,732
$238,793
$99,732
$2,500
$97,232
$249,030
$99,732
$5,000
$94,732
$284,650
$99,732
$7,500
$92,232
$299,940
$99,732
$10,000
$89,732
$316,775
$99,732
$12,500
$87,232
$333,731
$99,732
$15,000
$84,732
$350,814
$99,732
$17,500
$82,232
$368,020
$99,732
$20,000
$79,732
$385,349
$99,732
$22,500
$77,232
$402,806
$99,732
$25,000
$74,732
$420,388
$99,732
$27,500
$72,232
$438,097
$99,732
$30,000
$69,732
$455,933
Long-term Assets
Long-term Assets
Accumulated Depreciation
Total Long-term Assets
Total Assets
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
Current Borrowing
Other Current Liabilities
Subtotal Current Liabilities
$0
$0
$0
$0
$7,616
$0
$0
$7,616
$26,743
$0
$0
$26,743
$25,420
$0
$0
$25,420
$25,521
$0
$0
$25,521
$25,620
$0
$0
$25,620
$25,722
$0
$0
$25,722
$25,824
$0
$0
$25,824
$25,924
$0
$0
$25,924
$26,028
$0
$0
$26,028
$26,130
$0
$0
$26,130
$26,234
$0
$0
$26,234
$26,338
$0
$0
$26,338
$345,000
$345,000
$345,000
$352,616
$343,007
$369,750
$341,002
$366,422
$338,985
$364,506
$336,957
$362,577
$334,917
$360,639
$332,865
$358,689
$330,801
$356,725
$328,725
$354,753
$326,637
$352,767
$324,537
$350,771
$322,424
$348,762
Paid-in Capital
Retained Earnings
$160,000
($266,207)
Earnings
Total Capital
$0
($106,207)
$160,000
($266,20
7)
$2,622
($103,58
5)
$249,030
$160,000
($266,20
7)
$21,107
($85,100)
$160,000
($266,20
7)
$39,725
($66,482)
$160,000
($266,20
7)
$58,476
($47,731)
$160,000
($266,20
7)
$77,362
($28,845)
$160,000
($266,20
7)
$96,382
($9,825)
$160,000
($266,20
7)
$115,538
$9,331
$160,000
($266,20
7)
$134,831
$28,624
$160,000
($266,20
7)
$154,260
$48,053
$160,000
($266,20
7)
$173,828
$67,621
$160,000
($266,20
7)
$193,533
$87,326
$160,000
($266,20
7)
$213,378
$107,171
$284,650
$299,940
$316,775
$333,731
$350,814
$368,020
$385,349
$402,806
$420,388
$438,097
$455,933
($103,58
5)
($85,100)
($66,482)
($47,731)
($28,845)
($9,825)
$9,331
$28,624
$48,053
$67,621
$87,326
$107,171
Long-term Liabilities
Total Liabilities
$238,793
($106,207)
Page 5
Appendix
Table: General Assumptions
General Assumptions
Month 1
Month 2
Month 3
Month 4
Month 5
Month 6
Month 7
Month 8
Month 9
Month 10
Month 11
10
11
12
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Long-term Interest
Rate
Tax Rate
Other
7.00%
7.00%
7.00%
7.00%
7.00%
7.00%
7.00%
7.00%
7.00%
7.00%
7.00%
7.00%
30.00%
0
30.00%
0
30.00%
0
30.00%
0
30.00%
0
30.00%
0
30.00%
0
30.00%
0
30.00%
0
30.00%
0
30.00%
0
30.00%
0
Plan Month
Tax Rate
Month 12
Page 6