aztec food imports
TRANSCRIPT
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This sample business plan has been made available to users of Business Plan Pro, business planningsoftware published by Palo Alto Software, Inc. Names, locations and numbers may have beenchanged, and substantial portions of the original plan text may have been omitted to preserveconfidentiality and proprietary information.
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Confidentiality Agreement
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Table of Contents
1.0 Executive Summary.............................................................................................................................1Chart: Highlights......................................................................................................................1
1.1 Objectives...................................................................................................................................11.2 Mission........................................................................................................................................11.3 Keys to Success........................................................................................................................2
2.0 Company Summary.............................................................................................................................22.1 Company Ownership.................................................................................................................22.2 Start-up Summary......................................................................................................................3
Table: Start-up Funding..........................................................................................................3Chart: Start-up.........................................................................................................................4Table: Start-up.........................................................................................................................4
2.3 Company Locations and Facilities..........................................................................................43.0 Products...............................................................................................................................................54.0 Market Analysis Summary..................................................................................................................5
4.1 Market Segmentation................................................................................................................5Chart: MarketAnalysis (Pie)..................................................................................................6
Table: Market Analysis...........................................................................................................64.2 Target Market Segment Strategy.............................................................................................64.3 Main Competitors......................................................................................................................6
5.0 Strategy and Implementation Summary............................................................................................75.1 Competitive Edge......................................................................................................................75.2 Sales Strategy............................................................................................................................7
5.2.1 Sales Forecast..............................................................................................................7Table: Sales Forecast...................................................................................................8
Chart: Sales Monthly......................................................................................................8Chart: Sales by Year......................................................................................................9
6.0 Management Summary.......................................................................................................................96 1 Personnel Plan 9
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Table of ContentsTable: Personnel........................................................................................................................................2
Table: General Assumptions....................................................................................................................3Table: Profit and Loss...............................................................................................................................4Table: Cash Flow.......................................................................................................................................5Table: Balance Sheet................................................................................................................................6
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Aztec Food Imports
1.0 Executive Summary
Aztec Food Imports (Aztec) will offer food product imports from Mexico to meet increaseddemand for these product by the city's growing Hispanic/Latino community in the greaterRichmond area. Over the last five years, this community has grown by 70%, and represents halfof the Richmond Metro population (250,000). Aztec has been successful over the competition insupplying imported mexican food products to the area's two PriceRight supermarkets. Fromthis base, Aztec will build a successful business serving the area's large and small markets.
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Aztec Food Imports
1.3 Keys to Success
The keys to success in Aztec's business are:
1. Offering items of a high quality-value relationship which are not available everywhere.This is essential for maintaining the niche market sectors mentioned in the missionstatement.
2. Reliable and timely deliveries. Aztec must make good on its delivery promises. Because
of the nature of doing business in Mexico, this requires long-range planning inscheduling orders, taking into account Mexican business practices.
3. A reliable administration that is ready to serve customers, prepare accurate billing,follow-up on orders and other documentation, and maintain a close watch on expensesand collection of accounts receivable.
2.0 Company Summary
Aztec Food Imports will import Mexican food products to the local markets of the RichmondMetro area.
2.1 Company Ownership
Aztec's ownership is shared equally between Raymond Garcia and Jose Arroyo. Raymond
has eight years of importing experience. Jose Arroya has 10 years experience in managingimports from Mexico and shipping to the U.S. market. Raymond Garcia is responsible for thedaily management, sales, and store deliveries. Jose Arroya is responsible for the quality controland shipping of the goods from Mexico to the U.S.
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Aztec Food Imports
2.2 Start-up Summary
The start-up cost of Aztec Food Imports will consist primarily of inventory. Raymond Garcia andJose Arroya will each invest $50,000. They will also secure a $100,000 SBA loan.
Table: Start-up Funding
Start-up Funding
Start-up Expenses to Fund $15,300
Start-up Assets to Fund $184,700
Total Funding Required $200,000
Assets
Non-cash Assets from Start-up $80,000
Cash Requirements from Start-up $104,700
Addit ional Cash Raised $0
Cash Balance on Starting Date $104,700
Total Assets $184,700
Liabilities and Capital
Liabilities
Current Borrowing $0
Long-term Liabili ties $100,000
Accounts Payab le (Outstanding Bi ll s) $0
Other Current Liabili ties (interest-free) $0
Total Liabili ties $100,000
Capital
Pl d I t t
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Aztec Food Imports
Table: Start-up
Start-up
Requirements
Start-up Expenses
Legal $5,000
Stationery etc. $800
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Aztec Food Imports
3.0 Products
Aztec's product line is rather extensive amounting to over 200 items:
Beverages. Canned foods. Chile peppers. Desserts.
Packaged foods. Salsas. Snacks. Spices and herbs.
Aztec also carries the popular brands:
Ducal. Herdez.
Juanita's. La Costea. La Joya. La Lechonera. La Sierra. Pico Pica.
4.0 Market Analysis SummaryThe Hispanic/Latino population in the Richmond Metro area has grown by 10% over the pastfive years. The current population stands at over 100,000. It is projected that the populationwill continue its growth pattern for the next five years and will eventually reach over 160 000 A
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Aztec Food Imports
Table: Market Analysis
Market Analysis
Year 1 Year 2 Year 3 Year 4 Year 5
Potential Customers Growth CAGRSupermarkets 20% 4 5 6 7 8 18.92%
Neighborhood Markets 20% 50 60 72 86 103 19.80%
Other 0% 0 0 0 0 0 0.00%
Total 19.74% 54 65 78 93 111 19.74%
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Aztec Food Importsto satisfy demand. Besides the distance, Acme is plagued with weak import connections in
Mexico. These factors contribute to the high wholesale price of Acme's imported products.
5.0 Strategy and Implementation Summary
Aztec Food Imports will focus on becoming the leading provider of wholesale imported mexicanfood product in the Richmond Metro area.
5.1 Competitive Edge
Raymond Garcia and Jose Arroyo are the competitive edge of Aztec Food Imports. Raymondhas worked for both Acme Food Imports and Wilson Food Imports over the past eight years.In his last position with Wilson, Raymond imported mexican food products to numerous markets inthe southwest. He generated sales in excess of $2 million annually. His strength is his customerrelations and he has been successful in expanding the range of imported mexican food purchased
by the markets in his sales region.
Jose has been a shipping agent for M. Zegarra Exporting located in Mexico City for the pastten years. The company exported $20 million of products to the U.S last year. Jose'sresponsibility was to eliminate the shipping obstacles and oversee the timely delivery ofproduct to the U.S.
5.2 Sales Strategy
Aztec Food Imports will have two distinct sales approaches:
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Aztec Food Imports
Table: Sales Forecast
Sales Forecast
Year 1 Year 2 Year 3
Sales
Supermarkets $209,500 $260,000 $310,000
Neighborhood Markets $124,000 $160,000 $200,000
Total Sales $333,500 $420,000 $510,000
Direct Cost of Sales Year 1 Year 2 Year 3
Supermarkets $85,900 $110,000 $130,000
Neighborhood Markets $18,300 $23,000 $24,000
Subtotal Direct Cost of Sales $104,200 $133,000 $154,000
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Aztec Food Imports
6.0 Management Summary
The two owners will co-manage the business. Raymond Garcia is responsible for the daily
management, sales, and store deliveries. Jose Arroyo is responsible for the quality control andshipping of the goods from Mexico to the U.S.
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Aztec Food ImportsThe following sections outline conservative estimates of the financial performance of Aztec Food
Imports.
7.1 Break-even Analysis
The monthly break-even point is $26,514.
Table: Break-even Analysis
Break-even Analysis
Monthly Revenue Break-even $26,514
Assumpti ons:
Average Percent Variabl e Cost 31%
Estimated Monthly Fixed Cost $18,230
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7.2 Projected Profit and Loss
The following table and charts will highlight the next three years.
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Aztec Food Imports
Table: Profit and Loss
Pro Forma Profit and Loss
Year 1 Year 2 Year 3
Sales $333,500 $420,000 $510,000
Direct Cost of Sales $104,200 $133,000 $154,000
Other Production Expenses $0 $0 $0
Total Cost of Sales $104,200 $133,000 $154,000
Gross Margin $229,300 $287,000 $356,000
Gross Margin % 68.76% 68.33% 69.80%
Expenses
Payroll $151,200 $178,000 $198,000
Sales and Marketing and Other Expenses $0 $0 $0
Depreciation $2,880 $2,880 $2,880
Leased Equipment $0 $0 $0
Util ities $6,000 $6,000 $6,000
Insurance $0 $0 $0
Rent $36,000 $36,000 $36,000
Payroll Taxes $22,680 $26,700 $29,700
Other $0 $0 $0
Total Operating Expenses $218,760 $249,580 $272,580
Profit Before Interest and Taxes $10,540 $37,420 $83,420
EBITDA $13,420 $40,300 $86,300
Interest Expense $9,233 $7,876 $6,460
Taxes Incurred $392 $8,863 $23,088
Net Profit $915 $20,681 $53,872
Net Profit/Sales 0.27% 4.92% 10.56%
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Aztec Food Imports
7.3 Projected Cash Flow
The following table and chart highlight the projected cash flow for three years.
Table: Cash Flow
Pro Forma Cash Flow
Year 1 Year 2 Year 3Cash Received
Cash from Operations
Cash Sales $83,375 $105,000 $127,500
Cash from Receivables $194,775 $300,644 $367,563
Subtotal Cash from Operations $278,150 $405,644 $495,063
Addit ional Cash Received
Sales Tax, VAT, HST/GST Received $0 $0 $0
New Current Borrowing $0 $0 $0New Other Liabil ities (interest-free) $0 $0 $0
New Long-term Liabil ities $0 $0 $0
Sales of Other Current Assets $0 $0 $0
Sales of Long-term Assets $0 $0 $0
New Investment Received $0 $0 $0
Subtotal Cash Received $278,150 $405,644 $495,063
Expenditures Year 1 Year 2 Year 3
Expenditures from OperationsCash Spending $151,200 $178,000 $198,000
Bill Payments $110,267 $250,753 $256,610
Subtotal Spent on Operations $261,467 $428,753 $454,610
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Aztec Food Imports
7.4 Projected Balance Sheet
The following table highlights the projected balance sheet for three years.
Table: Balance Sheet
Pro Forma Bal ance Sheet
Year 1 Year 2 Year 3Assets
Current Assets
Cash $107,223 $69,953 $96,246
Accounts Receivabl e $55 ,350 $69 ,706 $84,643
Inventory $15,950 $44,366 $46,602
Other Current Assets $0 $0 $0
Total Current Assets $178,523 $184,025 $227,491
Long-term AssetsLong-term Assets $20,000 $20,000 $20,000
Accumulated Deprecia tion $2,880 $5,760 $8,640
Total Long-term Assets $17,120 $14,240 $11,360
Total Assets $195,643 $198,265 $238,851
Liabil ities and Capital Year 1 Year 2 Year 3
Current Liabilities
Accounts Payab le $24 ,188 $20 ,289 $21,163
Current Borrowing $0 $0 $0Other Current Liabili ties $0 $0 $0
Subtotal Current Liabil ities $24,188 $20,289 $21,163
L t Li bi li ti $85 840 $71 680 $57 520
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Aztec Food Imports
Table: Ratios
Ratio Anal ysis
Year 1 Year 2 Year 3 Industry Profile
Sales Growth n.a. 25.94% 21.43% 4.60%
Percent of Total Assets
Accounts Receivabl e 28.29% 35.16% 35.4 4% 33.30%
Inventory 8.15% 22.38% 19.51% 26.00%
Other Current Assets 0.00% 0.00% 0.00% 20.90%
Total Current Assets 91.25% 92.82% 95.24% 80.20%
Long-term Assets 8.75% 7.18% 4.76% 19.80%
Total Assets 100.00% 100.00% 100.00% 100.00%
Current Liabil i ties 12.36% 10.23% 8.86% 45.20%
Long-term Liabili ties 43.88% 36.15% 24.08% 10.00%
Total Liabili ties 56.24% 46.39% 32.94% 55.20%
Net Worth 43.76% 53.61% 67.06% 44.80%
Percent of Sal es
Sales 100.00% 100.00% 100.00% 100.00%
Gross Margin 68.76% 68.33% 69.80% 44.10%
Selling, General & Administrative Expenses 68.48% 63.41% 59.24% 26.70%
Advertising Expenses 0.00% 0.00% 0.00% 0.70%
Profit Before Interest and Taxes 3.16% 8.91% 16.36% 0.80%
Main Ratios
Current 7.38 9.07 10.75 1.69
Quick 6.72 6.88 8.55 1.01
Total Debt to Total Assets 56.24% 46.39% 32.94% 55.20%
Pre-tax Return on Net Worth 1.53% 27.79% 48.05% 3.60%
Pre-tax Return on Assets 0.67% 14.90% 32.22% 8.00%
Addit ional Ratios Year 1 Year 2 Year 3
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Aztec Food ImportsDividend Payout 0.00 0.00 0.00 n.a
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Appendix
Page 1
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
Sales
Supermarkets 0% $14,000 $14,000 $14,000 $16,000 $16,000 $17,500 $18,000 $18,000 $20,000 $20,000 $20,000 $22,000Neighborhood Markets 0% $5,000 $5,000 $6,000 $6,000 $8,000 $10,000 $12,000 $12,000 $13,000 $14,000 $16,000 $17,000
Total Sales $19,000 $19,000 $20,000 $22,000 $24,000 $27,500 $30,000 $30,000 $33,000 $34,000 $36,000 $39,000
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
Supermarkets $4,000 $4,000 $4,000 $4,400 $6,000 $6,300 $8,000 $8,200 $9,000 $10,000 $ 10,000 $12,000
Neighborhood Markets $1,000 $1,000 $1,000 $1,080 $1,200 $1,280 $1,700 $1,740 $1,800 $2,000 $2,000 $2,500
Subtotal Direct Cost of Sales $5,000 $5,000 $5,000 $5,480 $7,200 $7,580 $9,700 $9,940 $10,800 $12,000 $12,000 $14,500
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Appendix
Page 2
Table: Personnel
Personnel Plan
Mon th 1 Mo nth 2 Mo nth 3 Month 4 Month 5 Mon th 6 Mon th 7 Mon th 8 Mon th 9 Month 10 Month 11 Month 12
Raymond Garcia 0% $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000
Jose Arroyo 0% $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000
Delivery Persons 0% $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000
Office Manager 0% $2,600 $2,600 $2,600 $2,600 $2,600 $2,600 $2,600 $2,600 $2,600 $2,600 $2,600 $2,600
Other 0% $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total People 5 5 5 5 5 5 5 5 5 5 5 5
Total Payroll $12,600 $12,600 $12,600 $12,600 $12,600 $12,600 $12,600 $12,600 $12,600 $12,600 $12,600 $12,600
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Appendix
Page 3
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 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 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%
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
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Appendix
Page 4
Table: Profit and Loss
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 $19,000 $19,000 $20,000 $22,000 $24,000 $27,500 $30,000 $30,000 $33,000 $34,000 $36,000 $39,000
Direct Cost of Sales $5,000 $5,000 $5,000 $5,480 $7,200 $7,580 $9,700 $9,940 $10,800 $12,000 $12,000 $14,500
Other Production Expenses $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Cost of Sales $5,000 $5,000 $5,000 $5,480 $7,200 $7,580 $9,700 $9,940 $10,800 $12,000 $12,000 $14,500
Gross Margin $14,000 $14,000 $15,000 $16,520 $16,800 $19,920 $20,300 $20,060 $22,200 $22,000 $24,000 $24,500
Gross Margin % 73.68% 73.68% 75.00% 75.09% 70.00% 72.44% 67.67% 66.87% 67.27% 64.71% 66.67% 62.82%
Expenses
Payroll $12,600 $12,600 $12,600 $12,600 $12,600 $12,600 $12,600 $12,600 $12,600 $12,600 $12,600 $12,600
Sales and Marketing and Other
Expenses
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Depreciation $240 $240 $240 $240 $240 $240 $240 $240 $240 $240 $240 $240
Leased Equipment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Utilities $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500
Insurance $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Rent $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000
Payroll Taxes 15% $1,890 $1,890 $1,890 $1,890 $1,890 $1,890 $1,890 $1,890 $1,890 $1,890 $1,890 $1,890
Other $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Operating Expenses $18,230 $18,230 $18,230 $18,230 $18,230 $18,230 $18,230 $18,230 $18,230 $18,230 $18,230 $18,230
Profit Before Interest and Taxes ($4,230) ($4,230) ($3,230) ($1,710) ($1,430) $1,690 $2,070 $1,830 $3,970 $3,770 $5,770 $6,270
EBITDA ($3,990) ($3,990) ($2,990) ($1,470) ($1,190) $1,930 $2,310 $2,070 $4,210 $4,010 $6,010 $6,510
Interest Expense $824 $814 $804 $794 $784 $774 $765 $755 $745 $735 $725 $715
Taxes Incurred ($1,516) ($1,513) ($1,210) ($751) ($664) $275 $392 $323 $968 $911 $1,513 $1,666
Net Profit ($3,537) ($3,531) ($2,824) ($1,753) ($1,550) $641 $914 $753 $2,258 $2,125 $3,531 $3,888
Net Profit/Sales -18.62% -18.58% -14.12% -7.97% -6.46% 2.33% 3.05% 2.51% 6.84% 6.25% 9.81% 9.97%
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Appendix
Page 5
Table: Cash Flow
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 $4,750 $4,750 $5,000 $5,500 $6,000 $6,875 $7,500 $7,500 $8,250 $8,500 $9,000 $9,750
Cash from Receivables $0 $475 $14,250 $14,275 $15,050 $16,550 $18,088 $20,688 $22,500 $22,575 $24,775 $25,550
Subtotal Cash from Operations $4,750 $5,225 $19,250 $19,775 $21,050 $23,425 $25,588 $28,188 $30,750 $31,075 $33,775 $35,300
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 $4,750 $5,225 $19,250 $19,775 $21,050 $23,425 $25,588 $28,188 $30,750 $31,075 $33,775 $35,300
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 $12,600 $12,600 $12,600 $12,600 $12,600 $12,600 $12,600 $12,600 $12,600 $12,600 $12,600 $12,600
Bill Payments $157 $4,697 $4,700 $4,999 $5,435 $5,541 $6,443 $6,738 $12,520 $18,899 $20,331 $19,808
Subtotal Spent on Operations $12,757 $17,297 $17,300 $17,599 $18,035 $18,141 $19,043 $19,338 $25,120 $31,499 $32,931 $32,408
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 $1,180 $1,180 $1,180 $1,180 $1,180 $1,180 $1,180 $1,180 $1,180 $1,180 $1,180 $1,180
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 $13,937 $18,477 $18,480 $18,779 $19,215 $19,321 $20,223 $20,518 $26,300 $32,679 $34,111 $33,588
Net Cash Flow ($9,187) ($13,252) $770 $996 $1,835 $4,104 $5,365 $7,670 $4,450 ($1,604) ($336) $1,712
Cash Balance $95,513 $82,261 $83,031 $84,027 $85,862 $89,966 $95,331 $103,000 $107,451 $105,847 $105,511 $107,223
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Appendix
Page 6
Table: Balance Sheet
Pro Forma Balance Sheet
Mon th 1 Mo nth 2 Mo nth 3 Month 4 Month 5 Mon th 6 Mon th 7 Mon th 8 Mon th 9 Month 10 Month 11 Month 12
Assets Starting Balances
Curren t Assets
Cash $104,700 $95,513 $82,261 $83,031 $84,027 $85,862 $89,966 $95,331 $ 103,000 $107,451 $105,847 $105,511 $107,223
Accounts Receivable $0 $14,250 $28,02 5 $28,775 $31,00 0 $33,95 0 $38,025 $42,438 $44,250 $46,500 $49,425 $51,650 $55,350
Inventory $60,000 $55,000 $50,000 $45,000 $39,520 $32,320 $24,740 $15,040 $10,934 $11,880 $13,200 $13,200 $15,950
Other Current Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Current Assets $ 164 ,7 00 $16 4,763 $1 60,28 6 $1 56,80 6 $1 54 ,54 7 $1 52,13 2 $ 152 ,7 31 $ 152 ,8 08 $15 8,184 $16 5,831 $16 8,4 72 $ 17 0,3 61 $ 17 8,5 23
Long -term Assets
Long-term Assets $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000
Accumulated Depr eciation $0 $240 $480 $720 $960 $1,200 $1,440 $1,680 $1,920 $2,160 $2,400 $2,640 $2,880
Total Long-term Assets $20,000 $19,760 $19,520 $19,280 $19,040 $18,800 $18,560 $18,320 $18,080 $17,840 $17,600 $17,360 $17,120
Total Assets $184,700 $184,523 $179,806 $176,086 $173,587 $170,932 $171,291 $171,128 $176,264 $183,671 $186,072 $187,721 $195,643
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 $4,541 $4,534 $4,818 $5,252 $5,326 $6,224 $6,328 $11,891 $18,220 $19,677 $18,974 $24,188
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 $4,541 $4,534 $4,818 $5,252 $5,326 $6,224 $6,328 $11,891 $18,220 $19,677 $18,974 $24,188
Long-term Liabilities $100,000 $98,820 $97,640 $96,460 $95,280 $94,100 $92,920 $91,740 $90,560 $89,380 $88,200 $87,020 $85,840
Total Liabilities $100,000 $103,361 $102,174 $101,278 $100,532 $99,426 $99,144 $98,068 $102,451 $107,600 $107,877 $105,994 $110,028
Paid-in Capital $100,000 $100,000 $100,000 $100,000 $100,000 $100,000 $100,000 $100,000 $100,000 $100,000 $100,000 $100,000 $100,000
Retain ed Earnin gs ($1 5,300 ) ($ 15,300 ) ($ 15,30 0) ($ 15,30 0) ($15 ,3 00) ($15 ,3 00) ($1 5,300 ) ($1 5,3 00) ($1 5,300 ) ($1 5,300 ) ($1 5,300 ) ($1 5,300 ) ($1 5,300 )
Earnings $0 ($3,537) ($7,068) ($9,892) ($11,645) ($13,194) ($12,553) ($11,640) ($10,887) ($8,629) ($6,505) ($2,973) $915
Total Capital $84,700 $81,163 $77,632 $74,808 $73,056 $71,506 $72,147 $73,060 $73,813 $76,071 $78,195 $81,727 $85,615
Total Lia bil itie s a nd Ca pital $ 184 ,7 00 $18 4,523 $1 79,80 6 $1 76,08 6 $1 73 ,58 7 $1 70,93 2 $ 171 ,2 91 $ 171 ,1 28 $17 6,264 $18 3,671 $18 6,0 72 $ 18 7,7 21 $ 19 5,6 43
Net Worth $84,700 $81,163 $77,632 $74,808 $73,056 $71,506 $72,147 $73,060 $73,813 $76,071 $78,195 $81,727 $85,615