Startup Costs

Particulars 2013 2014 2015 TOTAL

Addition of Restaurant 1 2 3 6

Startup Expenses
Legal $500 $1,000 $1,500 $3,000
Transportation $10,000 $20,000 $30,000 $60,000
Customs $3,000 $6,000 $9,000 $18,000
Rent (first month) $2,500 $5,000 $7,500 $15,000
Buildout Expensed $25,000 $50,000 $75,000 $150,000
Expensed Equipment $1,000 $2,000 $3,000 $6,000
Other $500 $1,000 $1,500 $3,000
Total Startup Expenses $42,500 $85,000 $127,500 $255,000

Startup Assets
Cash Required $20,000 $40,000 $60,000 $120,000
Other Current Assets $70,000 $140,000 $210,000 $420,000
Long-term Assets $25,000 $50,000 $75,000 $150,000
Total Assets $115,000 $230,000 $345,000 $690,000

Total Requirements $157,500 $315,000 $472,500 $945,000

 Funding
Particulars 2013 2014 2015
Startup Funding
Startup Expenses to Fund $42,500 $85,000 $127,500
Startup Assets to Fund $115,000 $230,000 $345,000
Total Funding Required $157,500 $315,000 $472,500

Assets
Non-cash Assets from Startup $95,000 $190,000 $285,000
Cash Requirements from Startup $20,000 $40,000 $60,000
Additional Cash Raised $0 $0 $0
Total Assets $115,000 $230,000 $345,000

Liabilities and Capital

Liabilities
Current Borrowing $0 $0 $0
Long-term Liabilities $0 $0 $0
Other Current Liabilities $0 $0 $0
Total Liabilities $0 $0 $0

Capital
Planned Investment
Investor $157,500 $315,000 $472,500
Additional Investment Requirement $0 $0 $0
Total Planned Investment $157,500 $315,000 $472,500

Loss at Startup (Startup Expenses) ($42,500) ($85,000) ($127,500)

Total Capital $115,000 $230,000 $345,000

Total Capital and Liabilities $115,000 $230,000 $345,000

Total Funding $157,500 $315,000 $472,500

 Sales Budget
Particulars 2013 2014 2015
Revenue
Sales $885,600 $1,771,200 $2,656,800
Total Sales $885,600 $1,771,200 $2,656,800

Direct Cost of Sales

Consumables $234,000 $468,000 $702,000
Non Consumables (Plastic, Paper, etc..) $54,000 $108,000 $162,000
Subtotal Direct Cost of Sales $288,000 $576,000 $864,000
 Personnel Plan
Particulars 2013 2014 2015
Operations Manager $18,000 $36,000 $54,000
Employee 1 $12,000 $24,000 $36,000
Employee 2 $12,000 $24,000 $36,000

Total Payroll $42,000 $84,000 $126,000

 Pro Forma Profit & Loss Statement
Particulars 2013 2014 2015

Sales $885,600 $1,771,200 $2,656,800

Direct Cost of Sales $288,000 $576,000 $864,000
Other $54,000 $108,000 $162,000
Total Cost of Sales $342,000 $684,000 $1,026,000

Gross Margin $543,600 $1,087,200 $1,630,800

Gross Margin % 61.38% 61.38% 61.38%

EXPENSES
Payroll $42,000 $84,000 $126,000
Marketing/Promotion $70,500 $141,000 $211,500
Depreciation $4,992 $14,976 $29,952
Sampling $8,550 $17,100 $25,650
Rent $30,000 $60,000 $90,000
Supplies $1,200 $2,400 $3,600
Utilities $18,000 $36,000 $54,000
Truck Rental $24,000 $48,000 $72,000
Website / Content /Collatoral $8,000 $16,000 $24,000
Professional Fees $21,500 $43,000 $64,500
Insurance $10,800 $21,600 $32,400
Payroll Taxes $6,300 $12,600 $18,900
Other $12,000 $24,000 $36,000

Total Operating Expenses $257,842 $520,676 $788,502

Profit Before Interest and Taxes $285,758 $566,524 $842,298

EBITDA $290,750 $581,500 $872,250
Interest Expense $0 $0 $0
Taxes Incurred $0 $0 $0

Net Profit $285,758 $566,524 $842,298

Net Profit/Sales 32.27% 31.99% 31.70%
 Pro Forma Balance Sheet

Particulars 2013 2014 2015

ASSETS

Current Assets
Cash $215,750 $607,250 $1,194,500
Other Current Assets $70,000 $140,000 $210,000
Total Current Assets $285,750 $747,250 $1,404,500

Long-term Assets
Long-term Assets $25,000 $50,000 $75,000
Accumulated Depreciation $4,992 $14,976 $29,952
Total Long-term Assets $20,008 $35,024 $45,048
Total Assets $305,758 $782,274 $1,449,548

LIABILITIES & CAPITAL

Current Liabilities
Current Borrowing $0 $0 $0
Other Current Liabilities $0 $0 $0
Subtotal Current Liabilities $0 $0 $0

Long-term Liabilities $0 $0 $0
Total Liabilities $0 $0 $0

Paid-in Capital $157,500 $472,500 $945,000

Retained Earnings ($42,500) $158,258 $597,282
Earnings $285,758 $566,524 $842,298
Total Capital $400,758 $1,197,282 $2,384,580
Total Liabilities and Capital $400,758 $1,197,282 $2,384,580

Net Worth $305,758 $782,274 $1,449,548

 Pro Forma Cash Flow Statement
Particulars 2013 2014 2015
CASH RECEIVED

Cash from Operations

Cash Sales $885,600 $1,771,200 $2,656,800
Subtotal Cash from Operations $885,600 $1,771,200 $2,656,800

Additional Cash Received

Sales Tax, VAT, HST/GST Received $0 $0 $0
New Current Borrowing $0 $0 $0
New Other Liabilities (interest-free) $0 $0 $0
New Long-term Liabilities $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 $885,600 $1,771,200 $2,656,800

EXPENDITURES

Expenditures from Operations

Cash Spending $594,850 $1,189,700 $1,784,550
Subtotal Spent on Operations $594,850 $1,189,700 $1,784,550

Additional Cash Spent

Sales Tax, VAT, HST/GST Paid Out $0 $0 $0
Principal Repayment of Current Borrowing $0 $0 $0
Other Liabilities Principal Repayment $0 $0 $0
Long-term Liabilities Principal Repayment $0 $0 $0
Purchase Other Current Assets $70,000 $140,000 $210,000
Purchase Long-term Assets $25,000 $50,000 $75,000
Dividends $0 $0 $0
Subtotal Cash Spent $689,850 $1,379,700 $2,069,550

Net Cash Flow $195,750 $391,500 $587,250

Cash Balance $215,750 $607,250 $1,194,500