Highlights The renovation/modification cost estimate will include the costs associated with...

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Highlights
The renovation/modification cost estimate will include the costs associated with preparing the site for opening
business.
Start−up
Start−up Plan
Start−up Expenses
Legal
Brochures
Consultants
Insurance
Rent
4−group Automatic Coffee
Machine
Coffee Grinder
Computer Systems (x2)
Cooker
Fridge
Freezer
Fume−fan
Communication Lines
Fixtures / Re−model
Other
Total Start−up Expense
£500
£600
£2,000
£700
£1,445
£10,000
£795
£1500
£800
£600
£700
£200
£140
£20,000
£0
£40,480
Start−up Assets Needed
Cash Requirements
Start−up inventory
Other Short−term Assets
Total Short−term Assets
£24,000
£2,000
£0
£26,000
Long−term Assets
Total Assets
£0
£26,000
Total Start−up Requirements: £66,480
Left to finance:
£24,000
Start−up Funding Plan
Investment
Owners
Investors
Other
Total investment
£13,000
£18,000
£0
£31,000
Short−term Liabilities
1
Unpaid Expenses
Short−term Loans
Interest−free Short−term
Loans
Subtotal Short−term
Liabilities
Long−term Liabilities
Total Liabilities
£0
£9,290
Loss at Start−up
Total Capital
Total Capital and Liabilities
Check−line
(£38,290)
(£7,290)
£26,000
£0
£0
£9,290
£24,000
£33,290
Market Analysis (Pie)
Market Analysis
Potential Customers
University Students
Office Workers
Seniors
Teenagers
Other
Total
Growth
4%
3%
5%
2%
0%
2.68%
1999
15,000
25,000
18,500
12,500
25,000
96,000
2000
15,600
25,750
19,425
12,750
25,000
98,525
2001
16,224
26,523
20,396
13,005
25,000
101,148
2002
16,873
27,319
21,416
13,265
25,000
103,873
2003
17,548
28,139
22,487
13,530
25,000
106,704
CAGR
4.00%
3.00%
5.00%
2.00%
0.00%
2.68%
5.4.1 Sales Forecast
2
Sales Monthly
Sales Forecast
Unit Sales
2003
Coffee (based on average)
12,015
Speciality Beverages (based on
6,654
average)
Baked Goods (based on
32,673
average)
Other
0
Total Unit Sales
51,342
Unit Prices
2003
Coffee (based on average)
£1.00
Speciality Beverages (based on
£3.00
average)
Baked Goods (based on
£1.25
average)
Other
£0.00
Milestones
Milestone
Business Plan
Secure Start−up
Funding
Site Selection
Architect Designs
Designer Proposal
Year 1 Plan
Personnel Plan
Accounting Plan
Licensing
Totals
2004
14,068
2005
15,475
7,913
8,705
42,150
46,365
0
64,135
0
70,544
2004
£1.00
2005
£1.00
£3.00
£3.00
£1.25
£1.25
£0.00
£0.00
Start Date
1/1/00
End Date
2/1/00
Budget
£1,000
Manager
Owners
Department
Admin
2/15/00
3/1/00
£1,000
Owners
Admin
3/1/00
4/1/00
4/1/00
6/1/00
7/1/00
7/1/00
9/1/00
3/15/00
5/1/00
4/15/00
6/5/00
7/10/00
7/5/00
9/15/00
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£10,000
Owners
Owners
Owners
Owners
Owners
Owners
Owners
Admin
Admin
Admin
Admin
Admin
Admin
Admin
Expenditures on staff
Personnel Plan
Personnel
Owner
Part Time 1
Part Time 2
Part Time 3
Part Time 4
Part Time 5
Part Time 6
2003
£24,000
£7,920
£7,920
£7,920
£7,920
£3,960
£7,920
2004
£26,400
£7,920
£7,920
£7,920
£7,920
£7,920
£7,920
2005
£29,040
£7,920
£7,920
£7,920
£7,920
£7,920
£7,920
3
Manager
Other
Total Payroll
£4,000
£0
£71,72
£24,000
£0
£97,94
£26,400
£0
£102,98
Total Headcount
Payroll Burden
Total Payroll
Expenditures
0
£13,994
0
£18,274
0
£19,388
£85,71
£116,21
£122,37
7.1 Important Assumptions
General Assumptions
Short−term Interest Rate %
Long−term Interest Rate %
Payment Days Estimator
Inventory Turnover Estimator
Tax Rate %
Expenses in Cash %
Personnel Burden %
2003
10.00%
10.00%
30
48.00
25.00%
10.00%
15.00%
2004
10.00%
10.00%
30
48.00
25.00%
10.00%
15.00%
2005
10.00%
10.00%
30
48.00
25.00%
10.00%
15.00%
7.2 Key Financial Indicators
Profit Monthly
7.3 Break−even Analysis
Break Even Analysis:
Monthly Units Break−even
Monthly Sales Break−even
20,000
£20,000
Assumptions:
Average Per−Unit Revenue
Average Per−Unit Variable Cost
Estimated Monthly Fixed Cost
£1.00
£0.50
£10,000
Break−Even Analysis
Units break−even point = where Total costs intersects with Sales revenue
7.4 Projected Profit and Loss
Profit and Loss (Income Statement)
Sales
Direct Cost of Sales
Other
2003
£248,878
£62,220
£0
−−−−−−−−−−−−
2004
£303,549
£75,887
£0
−−−−−−−−−−−−
2005
£333,904
£83,476
£0
−−−−−−−−−−−−
4
Total Cost of Sales
Gross Margin
Gross Margin %
Operating expenses:
Advertising/Promotion
Travel
Miscellaneous
Payroll Expense
Payroll Burden
Depreciation
Utilities
Insurance
Rent
Contract/Consultants
Total Operating Expenses
Profit Before Interest and Taxes
Interest Expense Short−term
Interest Expense Long−term
Taxes Incurred
Net Profit
Net Profit/Sales
£62,220
£186,659
75.00%
£75,887
£227,662
75.00%
£83,476
£250,428
75.00%
£25,000
£750
£12,000
£93,291
£13,994
£0
£18,000
£6,000
£24,000
£6,000
−−−−−−−−−−−−
£199,034
(£12,376)
£439
£1,880
(£3,674)
(£11,021)
−4.43%
£25,000
£0
£12,000
£121,824
£18,274
£0
£18,000
£6,000
£24,000
£3,000
−−−−−−−−−−−−
£228,097
(£436)
£0
£1,190
(£406)
(£1,219)
−0.40%
£28,000
£0
£12,000
£129,254
£19,388
£0
£18,000
£6,000
£24,000
£3,000
−−−−−−−−−−−−
£239,642
£10,785
£0
£700
£2,521
£7,564
2.27%
7.5 Projected Cash Flow
Cash
Pro−Forma Cash Flow
Net Profit
Plus:
Depreciation
Change in Accounts Payable
Current Borrowing (repayment)
Increase (decrease) Other Liabilities
Long−term Borrowing (repayment)
Capital Input
Subtotal
Less:
Change in Inventory
Change in Other Short−term Assets
Capital Expenditure
Dividends
Subtotal
2003
(£11,021)
2004
(£1,219)
2005
£7,564
£0
£12,433
(£9,290)
£0
(£9,600)
£0
(£17,478)
2003
(£255)
£0
£0
£0
(£255)
£0
£1,036
£0
£0
(£5,000)
£0
(£5,184)
2004
£383
£0
£0
£0
£383
£0
£1,049
£0
£0
(£4,800)
£0
£3,813
2005
£213
£0
£0
£0
£213
5
Net Cash Flow
Cash Balance
(£17,224)
£6,776
(£5,567)
£1,209
£3,600
£4,809
7.6 Projected Balance Sheet
Pro−forma Balance Sheet
Assets
Short−term Assets
Cash
Inventory
Other Short−term Assets
Total Short−term Assets
Long−term Assets
Capital Assets
Accumulated Depreciation
Total Long−term Assets
Total Assets
2003
£6,776
£1,745
£0
£8,522
2004
£1,209
£2,129
£0
£3,338
2005
£4,809
£2,342
£0
£7,151
£0
£0
£0
£8,522
£0
£0
£0
£3,338
£0
£0
£0
£7,151
Accounts Payable
Short−term Notes
Other Short−term Liabilities
Subtotal Short−term Liabilities
2003
£12,433
£0
£0
£12,433
2004
£13,469
£0
£0
£13,469
2005
£14,518
£0
£0
£14,518
Long−term Liabilities
Total Liabilities
£14,400
£26,833
£9,400
£22,869
£4,600
£19,118
Paid in Capital
Retained Earnings
Earnings
Total Capital
Total Liabilities and Capital
Net Worth
£31,000
(£38,290)
(£11,021)
(£18,311)
£8,522
(£18,311)
£31,000
(£49,311)
(£1,219)
(£19,531)
£3,338
(£19,531)
£31,000
(£50,531)
£7,564
(£11,967)
£7,151
(£11,967)
Liabilities and Capital
7
6
30
25
20
15
10
5
0
£
7
0
0
0
s
Months
8
9
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