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# Year 1 Year 2 Year 3

Area, sq ft: 0 0 0
Rent, USD/sq ft: 0.00 0.00 0.00
Rent, %: 0% 0% 0%
Public utilities, USD/sq ft 0.00 0.00 0.00
Marketing fee, USD/sq ft 0.00 0.00 0.00
# of employees 0 0 0
Average gross salary 0 0 0
Interest rate per annum 0.0% 0.0% 0.0%
Employment taxes and benefits, % of salaries 0% 0% 0%
Sales growth rate 0% 0% 0%
New shop - main assumptions
Sales tax rate
0%
Product groups
Product group 1
Product group 2
Product group 3
Product group 4
Product group 5
Product group 6
Instructions Assumptions
This is an ROI calculator for retail companies that plan to open a new shop and want to calculate their
return on investment with given assumptions and breakeven sales volume.

This worksheet contains key assumptions that are needed to calculate current costs and sales in the NPV
plan worksheet.

Fill the data for the new shop for each year:
Rent area in square feet;
Rent price in \$ per square foot;
% of annual sales that should be paid as a rent, if there is such a condition in your rent agreement,
otherwise put 0%.
For example, if annual sales are \$1,000,000 and Rent, % is 7%, then \$70,000 is the annual amount of
rent. If during the year you have paid less than \$70, 000 then difference between this sum and actually
paid sum will be added to current costs in 13th, 25th and 36th months (row 21 Rental adjustment in
worksheet NPV plan).

Public utilities in \$ per square foot;
Marketing fee in \$ per square foot;
Number of employees;
Average gross salary;
Interest rate per annum;
Employment taxes and benefits, % of salaries;
Sales growth rate.
For example, if you assume that sales per month in Year 1 are \$10,000 and sales growth rate in Year 2
is 5%, then sales for Year 2 in calculations will be \$10,000 + 5% = \$10,500.
Effective sales tax rate (federal+state taxes).

Type Product groups' names in cells G9:G14. These names will be automatically used in other
tables in the model.

After you finish filling in this worksheet please proceed to Scenarios.

If you wish to change something in this template, just order customization to your
needs at info@cfotemplates.com.

To order customization:
We will estimate the number of hours needed to customize your template
and we will send you a price quote.
Proceed to customization link at www.cfotemplates.com/Customization.htm.

If you wish to change something in this template, just order customization to your
needs at info@cfotemplates.com.

To order customization:
We will estimate the number of hours needed to customize your template
and we will send you a price quote.
Proceed to customization link at www.cfotemplates.com/Customization.htm.

Andrew Grigolyunovich, CFA
AG Capital
www.cfotemplates.com
Scenarios
Instructions Assumptions
This is an ROI calculator for retail companies that plan to open a new shop and want to calculate their
return on investment with given assumptions and breakeven sales volume.

This worksheet contains key assumptions that are needed to calculate current costs and sales in the NPV
plan worksheet.

Fill the data for the new shop for each year:
Rent area in square feet;
Rent price in \$ per square foot;
% of annual sales that should be paid as a rent, if there is such a condition in your rent agreement,
otherwise put 0%.
For example, if annual sales are \$1,000,000 and Rent, % is 7%, then \$70,000 is the annual amount of
rent. If during the year you have paid less than \$70, 000 then difference between this sum and actually
paid sum will be added to current costs in 13th, 25th and 36th months (row 21 Rental adjustment in
worksheet NPV plan).

Public utilities in \$ per square foot;
Marketing fee in \$ per square foot;
Number of employees;
Average gross salary;
Interest rate per annum;
Employment taxes and benefits, % of salaries;
Sales growth rate.
For example, if you assume that sales per month in Year 1 are \$10,000 and sales growth rate in Year 2
is 5%, then sales for Year 2 in calculations will be \$10,000 + 5% = \$10,500.
Effective sales tax rate (federal+state taxes).

Type Product groups' names in cells G9:G14. These names will be automatically used in other
tables in the model.

After you finish filling in this worksheet please proceed to Scenarios.

If you wish to change something in this template, just order customization to your
needs at info@cfotemplates.com.

To order customization:
We will estimate the number of hours needed to customize your template
and we will send you a price quote.
Proceed to customization link at www.cfotemplates.com/Customization.htm.

If you wish to change something in this template, just order customization to your
needs at info@cfotemplates.com.

To order customization:
We will estimate the number of hours needed to customize your template
and we will send you a price quote.
Proceed to customization link at www.cfotemplates.com/Customization.htm.

Andrew Grigolyunovich, CFA
AG Capital
www.cfotemplates.com
1 2 3 4 5
Min Jan 12 Feb 12 Mar 12 Apr 12 May 12 Jun 12
Product group 1 0% 0.00 0.00 0.00 0.00 0.00
Product group 2 0% 0.00 0.00 0.00 0.00 0.00
Product group 3 0% 0.00 0.00 0.00 0.00 0.00
Product group 4 0% 0.00 0.00 0.00 0.00 0.00
Product group 5 0% 0.00 0.00 0.00 0.00 0.00
Product group 6 0% 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
1 2 3 4 5
Avg Jan 12 Feb 12 Mar 12 Apr 12 May 12 Jun 12
Product group 1 0% 0.00 0.00 0.00 0.00 0.00
Product group 2 0% 0.00 0.00 0.00 0.00 0.00
Product group 3 0% 0.00 0.00 0.00 0.00 0.00
Product group 4 0% 0.00 0.00 0.00 0.00 0.00
Product group 5 0% 0.00 0.00 0.00 0.00 0.00
Product group 6 0% 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
1 2 3 4 5
Max Jan 12 Feb 12 Mar 12 Apr 12 May 12 Jun 12
Product group 1 0% 0.00 0.00 0.00 0.00 0.00
Product group 2 0% 0.00 0.00 0.00 0.00 0.00
Product group 3 0% 0.00 0.00 0.00 0.00 0.00
Product group 4 0% 0.00 0.00 0.00 0.00 0.00
Product group 5 0% 0.00 0.00 0.00 0.00 0.00
Product group 6 0% 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
1 2 3 4 5
Break-even Jan 12 Feb 12 Mar 12 Apr 12 May 12 Jun 12
Product group 1 0% 0.00 0.00 0.00 0.00 0.00
Product group 2 0% 0.00 0.00 0.00 0.00 0.00
Product group 3 0% 0.00 0.00 0.00 0.00 0.00
Product group 4 0% 0.00 0.00 0.00 0.00 0.00
Product group 5 0% 0.00 0.00 0.00 0.00 0.00
Product group 6 0% 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
Correction factor 0%
Graph
NPV plan 0 0 0 0 0 0
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NPV Plan
Instructions Scenarios
This model facilitates evaluating investments in four different scenarios:
Min the worst-case scenario with the lowest sales per month,
Avg the base case scenario,
Max the optimistic scenario with the highest sales per month,
Break-Even corrects Avg scenario by multiplying Avg sales by a correction factor.
This scenario shows the minimal amount of sales needed to ensure the recoupment of
investments at a desired rate of return (NPV=0).
NB! Correction factor calculation steps are described in the worksheet NPV plan

Type the total amount of monthly sales, including sales tax, for each scenario in the
blue cells B9, B19 and B39. Dont mind about the names of the product groups yet.
The names of the product groups may be changed in cells G9-G14 at Assumptions
worksheet.
To provide for yearly seasonality, use row 14 on the Assumptions worksheet.
For each scenario in column B put the proportion of each product group in the total
sales.
It is possible to change scenarios in cell B54 in worksheet "NPV Plan".

After you finish filling in this worksheet please proceed to NPV plan.

NPV Plan
Instructions Scenarios
This model facilitates evaluating investments in four different scenarios:
Min the worst-case scenario with the lowest sales per month,
Avg the base case scenario,
Max the optimistic scenario with the highest sales per month,
Break-Even corrects Avg scenario by multiplying Avg sales by a correction factor.
This scenario shows the minimal amount of sales needed to ensure the recoupment of
investments at a desired rate of return (NPV=0).
NB! Correction factor calculation steps are described in the worksheet NPV plan

Type the total amount of monthly sales, including sales tax, for each scenario in the
blue cells B9, B19 and B39. Dont mind about the names of the product groups yet.
The names of the product groups may be changed in cells G9-G14 at Assumptions
worksheet.
To provide for yearly seasonality, use row 14 on the Assumptions worksheet.
For each scenario in column B put the proportion of each product group in the total
sales.
It is possible to change scenarios in cell B54 in worksheet "NPV Plan".

After you finish filling in this worksheet please proceed to NPV plan.

Jan 12 Feb 12 Mar 12
0 1 2
Investments 0.00 0.00 0.00
Furniture 0.00
Purchase of POS 0.00
Purchase of hardware 0.00
Video surveillance system 0.00
Security system 0.00
Fire system, fire extinguisher 0.00
Repairs 0.00
Marketing materials 0.00
Deposits 0.00
Initial inventory 0.00
Bank changes 0.00
Sales incl. Sales tax 0.00 0.00
Sales w/o Sales tax 0.00 0.00 0.00
Product group 1 0.00 0.00
Product group 2 0.00 0.00
Product group 3 0.00 0.00
Product group 4 0.00 0.00
Product group 5 0.00 0.00
Product group 6 0.00 0.00
Purchases Markup 0.00 0.00
Product group 1 0% 0.00
Product group 2 0% 0.00
Product group 3 0% 0.00
Product group 4 0% 0.00
Product group 5 0% 0.00
Product group 6 0% 0.00
Current costs 0.00 0.00 0.00
Rental of premises 0.00 0.00 0.00
Public utilities payments 0.00 0.00
Electricity 0.00 0.00
Marketing fee 0.00 0.00
Employee salaries 0.00 0.00
Employment Taxes 0.00 0.00
Communication expenses, internet 0.00 0.00 0.00
Security 0.00 0.00
Stationery 0.00 0.00
Card Fees 0.00 0.00
New shop
Shop insurance 0.00
Interest payments 0.00 0.00 0.00
Marketing costs 0.00 0.00 0.00
Project cash flow
Net cash flow per month 0 0 0
Discount factor 1.0000 1.0000 1.0000
PV (CF) 0 0 0
NPV at the end of the period 0 0 0
Necessary funds 0.00 0.00 0.00
Interest rate per month 0.00%
Interest rate per annum (WACC) 0.00%
Scenario Min
Takeover date 1/1/2012
Project NPV 0
ROI 0.0%
ROI annualized 0.0%
Scenarios:
Min
Avg
Max
Break-even 0%
Instructions Totals
This is the main worksheet, which contains table with the main calculations for the investment project. In this worksheet
such indicators as NPV and ROI are calculated:
PV (Present value) - The current worth of a future sum of money or stream of cash flows given a specified rate of return.
Future cash flows are discounted at the discount rate, and the higher the discount rate, the lower the present value of the
future cash flows.
NPV (Net Present Value) The difference between the present value of cash inflows and the present value of cash
outflows. NPV is used in capital budgeting to analyze the profitability of an investment or project. If NPV > 0, it is worth
investing in the project, and it will bring you at least the expected return. If NPV < 0, you should not invest in this
project.

ROI (Return on Investment) the percentage income that you get on your investment.

Type a start date in cell B65 and interest rate per annum (WACC or desired return on your investment) in cell
B63. The higher is interest rate per annum, the lower is NPV.
The model assumes that all investments are made in the 0th month, but the new shop starts working in the next (1
st
) month.
If you need to project for a longer period before the opening to make investments - you can order a customization of the
model by contacting us at info@cfotemplates.com.
Make a list of investments in appropriate table (rows 5-16) and put the appropriate amounts for each position.
The model foresees: 1) that at the end of the period guarantee deposit (row 14) will be returned and this sum
with the sign minus will appear in column AM; 2) that the initial inventory will be sold at the end of the period (at
purchase prices). As a result, this will increase sales in the last month (cell AM20). In row 16 Bank funding
changes in 0
th
month loan sum should be written with sign minus, but further loan payments should be written
with sign plus.
Current costs (rows 39-52): if data are written in a light blue color, it is possible to change them manually. Data
written in a dark blue color are calculated automatically, according to assumptions (see worksheet
"Assumptions");
In cells B30:35 show the markup for each product group the average percentage that is added to COGS in order
to create the sales price. You should take into account discounts that the shop may be giving to its clients and
It is possible to change scenarios (which are described in worksheet Scenarios) in cell B64 by clicking on this
cell and choosing scenario from the validation list.
If the Break-even scenario is chosen, go to Solver worksheet.

Instructions Totals
This is the main worksheet, which contains table with the main calculations for the investment project. In this worksheet
such indicators as NPV and ROI are calculated:
PV (Present value) - The current worth of a future sum of money or stream of cash flows given a specified rate of return.
Future cash flows are discounted at the discount rate, and the higher the discount rate, the lower the present value of the
future cash flows.
NPV (Net Present Value) The difference between the present value of cash inflows and the present value of cash
outflows. NPV is used in capital budgeting to analyze the profitability of an investment or project. If NPV > 0, it is worth
investing in the project, and it will bring you at least the expected return. If NPV < 0, you should not invest in this
project.

ROI (Return on Investment) the percentage income that you get on your investment.

Type a start date in cell B65 and interest rate per annum (WACC or desired return on your investment) in cell
B63. The higher is interest rate per annum, the lower is NPV.
The model assumes that all investments are made in the 0th month, but the new shop starts working in the next (1
st
) month.
If you need to project for a longer period before the opening to make investments - you can order a customization of the
model by contacting us at info@cfotemplates.com.
Make a list of investments in appropriate table (rows 5-16) and put the appropriate amounts for each position.
The model foresees: 1) that at the end of the period guarantee deposit (row 14) will be returned and this sum
with the sign minus will appear in column AM; 2) that the initial inventory will be sold at the end of the period (at
purchase prices). As a result, this will increase sales in the last month (cell AM20). In row 16 Bank funding
changes in 0
th
month loan sum should be written with sign minus, but further loan payments should be written
with sign plus.
Current costs (rows 39-52): if data are written in a light blue color, it is possible to change them manually. Data
written in a dark blue color are calculated automatically, according to assumptions (see worksheet
"Assumptions");
In cells B30:35 show the markup for each product group the average percentage that is added to COGS in order
to create the sales price. You should take into account discounts that the shop may be giving to its clients and
It is possible to change scenarios (which are described in worksheet Scenarios) in cell B64 by clicking on this
cell and choosing scenario from the validation list.
If the Break-even scenario is chosen, go to Solver worksheet.

NPV of the project and necessary funds are illustrated graphically in worksheet NPV chart.
Necessary funds - project cash balance. If it is negative then it shows the amount that should be invested by the
owners.

If you need to make more changes in assumptions or scenarios, proceed to appropriate
worksheet.

The model provides calculations for 3-year investment (36 months). If you need longer period, you
can order a customization of the model by contacting us at info@cfotemplates.com.

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0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0 0 0 0 0 0 0
1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Instructions Totals
This is the main worksheet, which contains table with the main calculations for the investment project. In this worksheet
such indicators as NPV and ROI are calculated:
PV (Present value) - The current worth of a future sum of money or stream of cash flows given a specified rate of return.
Future cash flows are discounted at the discount rate, and the higher the discount rate, the lower the present value of the
future cash flows.
NPV (Net Present Value) The difference between the present value of cash inflows and the present value of cash
outflows. NPV is used in capital budgeting to analyze the profitability of an investment or project. If NPV > 0, it is worth
investing in the project, and it will bring you at least the expected return. If NPV < 0, you should not invest in this
project.

ROI (Return on Investment) the percentage income that you get on your investment.

Type a start date in cell B65 and interest rate per annum (WACC or desired return on your investment) in cell
B63. The higher is interest rate per annum, the lower is NPV.
The model assumes that all investments are made in the 0th month, but the new shop starts working in the next (1
st
) month.
If you need to project for a longer period before the opening to make investments - you can order a customization of the
model by contacting us at info@cfotemplates.com.
Make a list of investments in appropriate table (rows 5-16) and put the appropriate amounts for each position.
The model foresees: 1) that at the end of the period guarantee deposit (row 14) will be returned and this sum
with the sign minus will appear in column AM; 2) that the initial inventory will be sold at the end of the period (at
purchase prices). As a result, this will increase sales in the last month (cell AM20). In row 16 Bank funding
changes in 0
th
month loan sum should be written with sign minus, but further loan payments should be written
with sign plus.
Current costs (rows 39-52): if data are written in a light blue color, it is possible to change them manually. Data
written in a dark blue color are calculated automatically, according to assumptions (see worksheet
"Assumptions");
In cells B30:35 show the markup for each product group the average percentage that is added to COGS in order
to create the sales price. You should take into account discounts that the shop may be giving to its clients and
It is possible to change scenarios (which are described in worksheet Scenarios) in cell B64 by clicking on this
cell and choosing scenario from the validation list.
If the Break-even scenario is chosen, go to Solver worksheet.

Assumptions
Scenarios
Solver
Instructions Totals
This is the main worksheet, which contains table with the main calculations for the investment project. In this worksheet
such indicators as NPV and ROI are calculated:
PV (Present value) - The current worth of a future sum of money or stream of cash flows given a specified rate of return.
Future cash flows are discounted at the discount rate, and the higher the discount rate, the lower the present value of the
future cash flows.
NPV (Net Present Value) The difference between the present value of cash inflows and the present value of cash
outflows. NPV is used in capital budgeting to analyze the profitability of an investment or project. If NPV > 0, it is worth
investing in the project, and it will bring you at least the expected return. If NPV < 0, you should not invest in this
project.

ROI (Return on Investment) the percentage income that you get on your investment.

Type a start date in cell B65 and interest rate per annum (WACC or desired return on your investment) in cell
B63. The higher is interest rate per annum, the lower is NPV.
The model assumes that all investments are made in the 0th month, but the new shop starts working in the next (1
st
) month.
If you need to project for a longer period before the opening to make investments - you can order a customization of the
model by contacting us at info@cfotemplates.com.
Make a list of investments in appropriate table (rows 5-16) and put the appropriate amounts for each position.
The model foresees: 1) that at the end of the period guarantee deposit (row 14) will be returned and this sum
with the sign minus will appear in column AM; 2) that the initial inventory will be sold at the end of the period (at
purchase prices). As a result, this will increase sales in the last month (cell AM20). In row 16 Bank funding
changes in 0
th
month loan sum should be written with sign minus, but further loan payments should be written
with sign plus.
Current costs (rows 39-52): if data are written in a light blue color, it is possible to change them manually. Data
written in a dark blue color are calculated automatically, according to assumptions (see worksheet
"Assumptions");
In cells B30:35 show the markup for each product group the average percentage that is added to COGS in order
to create the sales price. You should take into account discounts that the shop may be giving to its clients and
It is possible to change scenarios (which are described in worksheet Scenarios) in cell B64 by clicking on this
cell and choosing scenario from the validation list.
If the Break-even scenario is chosen, go to Solver worksheet.

NPV of the project and necessary funds are illustrated graphically in worksheet NPV chart.
Necessary funds - project cash balance. If it is negative then it shows the amount that should be invested by the
owners.

If you need to make more changes in assumptions or scenarios, proceed to appropriate
worksheet.

The model provides calculations for 3-year investment (36 months). If you need longer period, you
can order a customization of the model by contacting us at info@cfotemplates.com.

Nov 12 Dec 12 Jan 13 Feb 13 Mar 13 Apr 13 May 13
10 11 12 13 14 15 16
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0 0 0 0 0 0 0
1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Instructions Totals
This is the main worksheet, which contains table with the main calculations for the investment project. In this worksheet
such indicators as NPV and ROI are calculated:
PV (Present value) - The current worth of a future sum of money or stream of cash flows given a specified rate of return.
Future cash flows are discounted at the discount rate, and the higher the discount rate, the lower the present value of the
future cash flows.
NPV (Net Present Value) The difference between the present value of cash inflows and the present value of cash
outflows. NPV is used in capital budgeting to analyze the profitability of an investment or project. If NPV > 0, it is worth
investing in the project, and it will bring you at least the expected return. If NPV < 0, you should not invest in this
project.

ROI (Return on Investment) the percentage income that you get on your investment.

Type a start date in cell B65 and interest rate per annum (WACC or desired return on your investment) in cell
B63. The higher is interest rate per annum, the lower is NPV.
The model assumes that all investments are made in the 0th month, but the new shop starts working in the next (1
st
) month.
If you need to project for a longer period before the opening to make investments - you can order a customization of the
model by contacting us at info@cfotemplates.com.
Make a list of investments in appropriate table (rows 5-16) and put the appropriate amounts for each position.
The model foresees: 1) that at the end of the period guarantee deposit (row 14) will be returned and this sum
with the sign minus will appear in column AM; 2) that the initial inventory will be sold at the end of the period (at
purchase prices). As a result, this will increase sales in the last month (cell AM20). In row 16 Bank funding
changes in 0
th
month loan sum should be written with sign minus, but further loan payments should be written
with sign plus.
Current costs (rows 39-52): if data are written in a light blue color, it is possible to change them manually. Data
written in a dark blue color are calculated automatically, according to assumptions (see worksheet
"Assumptions");
In cells B30:35 show the markup for each product group the average percentage that is added to COGS in order
to create the sales price. You should take into account discounts that the shop may be giving to its clients and
It is possible to change scenarios (which are described in worksheet Scenarios) in cell B64 by clicking on this
cell and choosing scenario from the validation list.
If the Break-even scenario is chosen, go to Solver worksheet.

Instructions Totals
This is the main worksheet, which contains table with the main calculations for the investment project. In this worksheet
such indicators as NPV and ROI are calculated:
PV (Present value) - The current worth of a future sum of money or stream of cash flows given a specified rate of return.
Future cash flows are discounted at the discount rate, and the higher the discount rate, the lower the present value of the
future cash flows.
NPV (Net Present Value) The difference between the present value of cash inflows and the present value of cash
outflows. NPV is used in capital budgeting to analyze the profitability of an investment or project. If NPV > 0, it is worth
investing in the project, and it will bring you at least the expected return. If NPV < 0, you should not invest in this
project.

ROI (Return on Investment) the percentage income that you get on your investment.

Type a start date in cell B65 and interest rate per annum (WACC or desired return on your investment) in cell
B63. The higher is interest rate per annum, the lower is NPV.
The model assumes that all investments are made in the 0th month, but the new shop starts working in the next (1
st
) month.
If you need to project for a longer period before the opening to make investments - you can order a customization of the
model by contacting us at info@cfotemplates.com.
Make a list of investments in appropriate table (rows 5-16) and put the appropriate amounts for each position.
The model foresees: 1) that at the end of the period guarantee deposit (row 14) will be returned and this sum
with the sign minus will appear in column AM; 2) that the initial inventory will be sold at the end of the period (at
purchase prices). As a result, this will increase sales in the last month (cell AM20). In row 16 Bank funding
changes in 0
th
month loan sum should be written with sign minus, but further loan payments should be written
with sign plus.
Current costs (rows 39-52): if data are written in a light blue color, it is possible to change them manually. Data
written in a dark blue color are calculated automatically, according to assumptions (see worksheet
"Assumptions");
In cells B30:35 show the markup for each product group the average percentage that is added to COGS in order
to create the sales price. You should take into account discounts that the shop may be giving to its clients and
It is possible to change scenarios (which are described in worksheet Scenarios) in cell B64 by clicking on this
cell and choosing scenario from the validation list.
If the Break-even scenario is chosen, go to Solver worksheet.

NPV of the project and necessary funds are illustrated graphically in worksheet NPV chart.
Necessary funds - project cash balance. If it is negative then it shows the amount that should be invested by the
owners.

If you need to make more changes in assumptions or scenarios, proceed to appropriate
worksheet.

The model provides calculations for 3-year investment (36 months). If you need longer period, you
can order a customization of the model by contacting us at info@cfotemplates.com.

Jun 13 Jul 13 Aug 13 Sep 13 Oct 13 Nov 13 Dec 13
17 18 19 20 21 22 23
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0 0 0 0 0 0 0
1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Jan 14 Feb 14 Mar 14 Apr 14 May 14 Jun 14 Jul 14
24 25 26 27 28 29 30
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
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0.00 0.00 0.00 0.00 0.00 0.00 0.00
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0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0 0 0 0 0 0 0
1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Aug 14 Sep 14 Oct 14 Nov 14 Dec 14 Jan 15 Corrections
31 32 33 34 35 36 36
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
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0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
0 0 0 0 0 0 0
1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0
0.1
0.2
0.3
0.4
0.5
0.6
0.7
0.8
0.9
1
NPV chart
NPV plan Necessary funds
Project NPV 0
Break-even 0%
Break-even scenario - Solver solution Instructions Solver
To use solver:
Click on the cell C4;
Go Data -> Solver ( if there is no Solver, go File -> Options -> Add-ins -> Choose Solver Add-in and press
Go below -> Choose Solver Add-in again and press OK);
In the Solver table click Solve and after model makes its calculations, choose Keep solver solution and
click OK;
Other calculations will be made automatically.

NPV plan
Instructions Solver
To use solver:
Click on the cell C4;
Go Data -> Solver ( if there is no Solver, go File -> Options -> Add-ins -> Choose Solver Add-in and press
Go below -> Choose Solver Add-in again and press OK);
In the Solver table click Solve and after model makes its calculations, choose Keep solver solution and
click OK;
Other calculations will be made automatically.

Instructions Solver
To use solver:
Click on the cell C4;
Go Data -> Solver ( if there is no Solver, go File -> Options -> Add-ins -> Choose Solver Add-in and press
Go below -> Choose Solver Add-in again and press OK);
In the Solver table click Solve and after model makes its calculations, choose Keep solver solution and
click OK;
Other calculations will be made automatically.