2. START UP COSTS (WEEK 3 PLAN)
Sales: total controllable expenses
Food $375,000 $210,000
Beverage 125,000 Income before occupancy costs,
Total: 500,0000 interest, depreciation, and income
Cost of food sales taxes $132,500
Food $127,500 Occupancy cost 55,000
Beverage 30,000 Income before interest,
Total 157,500 depreciation, and income
Gross Profit $342,500
Taxes $77,500
Controllable expenses
Depreciation 25,000
Salaries and wages $130,000
Restaurant Profit $52,500
Employee benefits 20,000
Other controllable expenses
$60,000
3. SALES FORECAST (WEEK 4 RE-DUE)
The sales forecast will be based on the overall
accomplishments of what we have covered based
on advertising
Quick totals for the end for year 1, year 2, and year 3
Year 1
$129,180
Year 2
$125,100
Year 3
$120,107
4. PRO FORMA INCOME STATEMENT
2012 2013 2014
Sales $100,000 $130,000 $115,000
COGS $70,000 $50,000 $60,000
Taxes $15,000 $17,000 $22,000
Expenses $30,000 $40,000 $35,000
Website upkeep $117 $117 $177
logos $80 $90 $110
Total expenses $250,000 $237,207 $230,287
5. CASH FLOW STATEMENT
Year 1 Year 2 Year 3
Revenue from food $375,000 $375,000 $375,000
Revenue from beverages $125,000 $100,000 $250,000
Other income $70,000 $60,000 $98,000
Total $570,000 $535,000 $723,000
Year 1 Year 2 year 3
Uses of Cash/Expenses
Cost of food $400,000 $400,000 $400,000
Cost of beverages $55,000 $60,000 $65,000
Payroll/salaries $300,000 $250,000 $100,000
Employee benefits $60,000 $30,000 $50,000
Taxes Utilities $20,000 $25,000 $31,000
Total $830,000 $765,000 $646,000
6. OPENING DAY BALANCE SHEET AT THE END OF THREE YEARS
Assets
Cash $723,000
Accounts Receivable $10,000
Supplies $646,000
Total $1,379,000
Liabilities
Bank Loans $80,000
Account payable $10,000
Total Liabilities $90,000
Owners Equity $60,000
Total liabilities and owners equity $150,000
