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Company Name Example Food Truck

What percentage of your monthly

sales do you typically hold in
inventory? 25.00%

What is the dollar value of the

inventory you currently have on hand? $0.00

Sources and Uses

Source of Funds
What is your current cash balance? $0.00

Add: Current Loans $45,000.00

Add: Proposed Loans $0.00
Total Sources of Funds $45,000.00

Fixed Assets

Equipment Value Life Expectancy in Years

Equipment $12,000.00 7

Truck Value Life Expectancy in Years

Food Truck $5,500.00 7

Products
Food Truck Sales 0

Month 1 2
Average Order $ Amount $12.00 $12.12

# of Orders 1,125 1,136

Labor cost % of Sales 33% 33%

Food Truck Labor Cost $3.96 $4.00

Food Cost % of Sales 30% 30%

Food Truck Material Cost $3.60 $3.64

1 2
Owner Draw $0.00 $0.00
Operating Expenses 1 2
Accounting $100.00 $100.00
Advertising $200.00 $210.00
% Growth 5.00% 5.00%
Vehicle/Liability Insurance $2,500.00 $0.00
Legal Professional $250.00 $0.00
Licenses $250.00 $0.00
Fuel and Vehicle Repairs $300.00 $300.00
Credit Card Processing Fees $371.25 $378.71
Office Supplies $100.00 $100.00
Parking Fees $100.00 $100.00
Permits $100.00 $100.00
Telephone $100.00 $100.00
Travel $100.00 $100.00
Uniforms $100.00 $100.00
Website $50.00 $50.00
Other $0.00 $0.00

Miscellaneous Expense % 0.00%

Income Tax % 0.00%
Accounts Payable Terms 0

1 2
Monthly Total Sales $13,500.00 $13,771.35
Monthly Material Cost $4,050.00 $4,131.41
Monthly Labor Cost $4,455.00 $4,544.55
Monthly Total COGS $8,505.00 $8,675.95
Monthly Depreciation $208.33 $208.33
Food Truck Sales $13,500.00 $13,771.35
Product Sales $13,500.00 $13,771.35
Salvage Cost Month Purchased
$0.00 0

Salvage Cost Month Purchased

$0.00 0

3 4 5 6 7 8 9
$12.24 $12.36 $12.49 $12.61 $12.74 $12.87 $12.99

1,148 1,159 1,171 1,182 1,194 1,206 1,218

33% 33% 33% 33% 33% 33% 33%

$4.04 $4.08 $4.12 $4.16 $4.20 $4.25 $4.29

30% 30% 30% 30% 30% 30% 30%

$3.67 $3.71 $3.75 $3.78 $3.82 $3.86 $3.90

3 4 5 6 7 8 9
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
 3 4 5 6 7 8 9
$100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00
$220.50 $231.53 $243.10 $255.26 $268.02 $281.42 $295.49
5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00%
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$300.00 $300.00 $300.00 $300.00 $300.00 $300.00 $300.00
$386.32 $394.09 $402.01 $410.09 $418.33 $426.74 $435.32
$100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00
$100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00
$100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00
$100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00
$100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00
$100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00
$50.00 $50.00 $50.00 $50.00 $50.00 $50.00 $50.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

3 4 5 6 7 8 9
$14,048.15 $14,330.52 $14,618.57 $14,912.40 $15,212.14 $15,517.90 $15,829.81
$4,214.45 $4,299.16 $4,385.57 $4,473.72 $4,563.64 $4,655.37 $4,748.94
$4,635.89 $4,729.07 $4,824.13 $4,921.09 $5,020.01 $5,120.91 $5,223.84
$8,850.34 $9,028.23 $9,209.70 $9,394.81 $9,583.65 $9,776.28 $9,972.78
$208.33 $208.33 $208.33 $208.33 $208.33 $208.33 $208.33
$14,048.15 $14,330.52 $14,618.57 $14,912.40 $15,212.14 $15,517.90 $15,829.81
$14,048.15 $14,330.52 $14,618.57 $14,912.40 $15,212.14 $15,517.90 $15,829.81
 10 11 12 13 14 15 16
$13.12 $13.26 $13.39 $13.52 $13.66 $13.79 $13.93

1,230 1,243 1,255 1,268 1,280 1,293 1,306

33% 33% 33% 33% 33% 33% 33%

$4.33 $4.37 $4.42 $4.46 $4.51 $4.55 $4.60

30% 30% 30% 30% 30% 30% 30%

$3.94 $3.98 $4.02 $4.06 $4.10 $4.14 $4.18

10 11 12 13 14 15 16
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
 10 11 12 13 14 15 16
$100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00
$310.27 $325.78 $342.07 $359.17 $377.13 $395.99 $415.79
5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00%
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$300.00 $300.00 $300.00 $300.00 $300.00 $300.00 $300.00
$444.07 $453.00 $462.10 $471.39 $480.86 $490.53 $500.39
$100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00
$100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00
$100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00
$100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00
$100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00
$100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00
$50.00 $50.00 $50.00 $50.00 $50.00 $50.00 $50.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

10 11 12 13 14 15 16
$16,147.99 $16,472.57 $16,803.66 $17,141.42 $17,485.96 $17,837.43 $18,195.96
$4,844.40 $4,941.77 $5,041.10 $5,142.43 $5,245.79 $5,351.23 $5,458.79
$5,328.84 $5,435.95 $5,545.21 $5,656.67 $5,770.37 $5,886.35 $6,004.67
$10,173.23 $10,377.72 $10,586.31 $10,799.09 $11,016.15 $11,237.58 $11,463.46
$208.33 $208.33 $208.33 $208.33 $208.33 $208.33 $208.33
$16,147.99 $16,472.57 $16,803.66 $17,141.42 $17,485.96 $17,837.43 $18,195.96
$16,147.99 $16,472.57 $16,803.66 $17,141.42 $17,485.96 $17,837.43 $18,195.96
 17 18 19 20 21 22 23
$14.07 $14.21 $14.35 $14.50 $14.64 $14.79 $14.94

1,319 1,332 1,346 1,359 1,373 1,386 1,400

33% 33% 33% 33% 33% 33% 33%

$4.64 $4.69 $4.74 $4.78 $4.83 $4.88 $4.93

30% 30% 30% 30% 30% 30% 30%

$4.22 $4.26 $4.31 $4.35 $4.39 $4.44 $4.48

17 18 19 20 21 22 23
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
 17 18 19 20 21 22 23
$100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00
$436.57 $458.40 $481.32 $505.39 $530.66 $557.19 $585.05
5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00%
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$300.00 $300.00 $300.00 $300.00 $300.00 $300.00 $300.00
$510.45 $520.71 $531.17 $541.85 $552.74 $563.85 $575.18
$100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00
$100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00
$100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00
$100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00
$100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00
$100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00
$50.00 $50.00 $50.00 $50.00 $50.00 $50.00 $50.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

17 18 19 20 21 22 23
$18,561.70 $18,934.79 $19,315.38 $19,703.62 $20,099.66 $20,503.66 $20,915.79
$5,568.51 $5,680.44 $5,794.61 $5,911.09 $6,029.90 $6,151.10 $6,274.74
$6,125.36 $6,248.48 $6,374.07 $6,502.19 $6,632.89 $6,766.21 $6,902.21
$11,693.87 $11,928.92 $12,168.69 $12,413.28 $12,662.79 $12,917.31 $13,176.95
$208.33 $208.33 $208.33 $208.33 $208.33 $208.33 $208.33
$18,561.70 $18,934.79 $19,315.38 $19,703.62 $20,099.66 $20,503.66 $20,915.79
$18,561.70 $18,934.79 $19,315.38 $19,703.62 $20,099.66 $20,503.66 $20,915.79
 24 25 26 27 28 29 30
$15.09 $15.24 $15.39 $15.54 $15.70 $15.86 $16.01

1,414 1,428 1,443 1,457 1,472 1,486 1,501

33% 33% 33% 33% 33% 33% 33%

$4.98 $5.03 $5.08 $5.13 $5.18 $5.23 $5.28

30% 30% 30% 30% 30% 30% 30%

$4.53 $4.57 $4.62 $4.66 $4.71 $4.76 $4.80

24 25 26 27 28 29 30
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
 24 25 26 27 28 29 30
$100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00
$614.30 $645.02 $677.27 $711.13 $746.69 $784.03 $823.23
5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00%
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$300.00 $300.00 $300.00 $300.00 $300.00 $300.00 $300.00
$586.75 $598.54 $610.57 $622.84 $635.36 $648.13 $661.16
$100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00
$100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00
$100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00
$100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00
$100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00
$100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00
$50.00 $50.00 $50.00 $50.00 $50.00 $50.00 $50.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

24 25 26 27 28 29 30
$21,336.19 $21,765.05 $22,202.53 $22,648.80 $23,104.04 $23,568.43 $24,042.16
$6,400.86 $6,529.52 $6,660.76 $6,794.64 $6,931.21 $7,070.53 $7,212.65
$7,040.94 $7,182.47 $7,326.83 $7,474.10 $7,624.33 $7,777.58 $7,933.91
$13,441.80 $13,711.98 $13,987.59 $14,268.74 $14,555.55 $14,848.11 $15,146.56
$208.33 $208.33 $208.33 $208.33 $208.33 $208.33 $208.33
$21,336.19 $21,765.05 $22,202.53 $22,648.80 $23,104.04 $23,568.43 $24,042.16
$21,336.19 $21,765.05 $22,202.53 $22,648.80 $23,104.04 $23,568.43 $24,042.16
 31 32 33 34 35 36
$16.17 $16.34 $16.50 $16.66 $16.83 $17.00

1,516 1,531 1,547 1,562 1,578 1,594

33% 33% 33% 33% 33% 33%

$5.34 $5.39 $5.44 $5.50 $5.55 $5.61

30% 30% 30% 30% 30% 30%

$4.85 $4.90 $4.95 $5.00 $5.05 $5.10

31 32 33 34 35 36
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
 31 32 33 34 35 36
$100.00 $100.00 $100.00 $100.00 $100.00 $100.00
$864.39 $907.61 $952.99 $1,000.64 $1,050.67 $1,103.20
5.00% 5.00% 5.00% 5.00% 5.00%
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$300.00 $300.00 $300.00 $300.00 $300.00 $300.00
$674.45 $688.01 $701.83 $715.94 $730.33 $745.01
$100.00 $100.00 $100.00 $100.00 $100.00 $100.00
$100.00 $100.00 $100.00 $100.00 $100.00 $100.00
$100.00 $100.00 $100.00 $100.00 $100.00 $100.00
$100.00 $100.00 $100.00 $100.00 $100.00 $100.00
$100.00 $100.00 $100.00 $100.00 $100.00 $100.00
$100.00 $100.00 $100.00 $100.00 $100.00 $100.00
$50.00 $50.00 $50.00 $50.00 $50.00 $50.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00

31 32 33 34 35 36
$24,525.41 $25,018.37 $25,521.24 $26,034.21 $26,557.50 $27,091.31
$7,357.62 $7,505.51 $7,656.37 $7,810.26 $7,967.25 $8,127.39
$8,093.38 $8,256.06 $8,422.01 $8,591.29 $8,763.97 $8,940.13
$15,451.01 $15,761.57 $16,078.38 $16,401.55 $16,731.22 $17,067.52
$208.33 $208.33 $208.33 $208.33 $208.33 $208.33
$24,525.41 $25,018.37 $25,521.24 $26,034.21 $26,557.50 $27,091.31
$24,525.41 $25,018.37 $25,521.24 $26,034.21 $26,557.50 $27,091.31
 Month 1 Month 2 Month 3
Maximum number of orders you can fulfill per hour 30 30 30
Average order $ amount $ 12.00 $ 12.12 $ 12.24
Growth Rate % 1% 1% 1%
# of hours open per month 150 150 150
% Capacity for that month 25% 25% 26%
Growth Rate % 1% 1% 1%
Total Sales $ 13,500.00 $ 13,771.35 $ 14,048.15
Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11
30 30 30 30 30 30 30 30
$ 12.36 $ 12.49 $ 12.61 $ 12.74 $ 12.87 $ 12.99 $ 13.12 $ 13.26
1% 1% 1% 1% 1% 1% 1% 1%
150 150 150 150 150 150 150 150
26% 26% 26% 27% 27% 27% 27% 28%
1% 1% 1% 1% 1% 1% 1% 1%
$ 14,330.52 $ 14,618.57 $ 14,912.40 $ 15,212.14 $ 15,517.90 $ 15,829.81 $ 16,147.99 $ 16,472.57
Month 12 Month 13 Month 14 Month 15 Month 16 Month 17 Month 18 Month 19
30 30 30 30 30 30 30 30
$ 13.39 $ 13.52 $ 13.66 $ 13.79 $ 13.93 $ 14.07 $ 14.21 $ 14.35
1% 1% 1% 1% 1% 1% 1% 1%
150 150 150 150 150 150 150 150
28% 28% 28% 29% 29% 29% 30% 30%
1% 1% 1% 1% 1% 1% 1% 1%
$ 16,803.66 $ 17,141.42 $ 17,485.96 $ 17,837.43 $ 18,195.96 $ 18,561.70 $ 18,934.79 $ 19,315.38
Month 20 Month 21 Month 22 Month 23 Month 24 Month 25 Month 26 Month 27
30 30 30 30 30 30 30 30
$ 14.50 $ 14.64 $ 14.79 $ 14.94 $ 15.09 $ 15.24 $ 15.39 $ 15.54
1% 1% 1% 1% 1% 1% 1% 1%
150 150 150 150 150 150 150 150
30% 31% 31% 31% 31% 32% 32% 32%
1% 1% 1% 1% 1% 1% 1% 1%
$ 19,703.62 $ 20,099.66 $ 20,503.66 $ 20,915.79 $ 21,336.19 $ 21,765.05 $ 22,202.53 $ 22,648.80
Month 28 Month 29 Month 30 Month 31 Month 32 Month 33 Month 34 Month 35
30 30 30 30 30 30 30 30
$ 15.70 $ 15.86 $ 16.01 $ 16.17 $ 16.34 $ 16.50 $ 16.66 $ 16.83
1% 1% 1% 1% 1% 1% 1% 1%
150 150 150 150 150 150 150 150
33% 33% 33% 34% 34% 34% 35% 35%
1% 1% 1% 1% 1% 1% 1% 1%
$ 23,104.04 $ 23,568.43 $ 24,042.16 $ 24,525.41 $ 25,018.37 $ 25,521.24 $ 26,034.21 $ 26,557.50
Month 36
30
$ 17.00
1%
150
35%
1%
$ 27,091.31
 Bank Loan
Loan Amount $45,000.00
Length of Loan in Months 60
Interest Rate 8.00%
Month Payments Will Start On 1

Bank Loan
Month Payment Number Total Payment Interest Amount
1 1 $912.44 $300.00
2 2 $912.44 $295.92
3 3 $912.44 $291.81
4 4 $912.44 $287.67
5 5 $912.44 $283.50
6 6 $912.44 $279.31
7 7 $912.44 $275.09
8 8 $912.44 $270.84
9 9 $912.44 $266.56
10 10 $912.44 $262.26
11 11 $912.44 $257.92
12 12 $912.44 $253.56
13 13 $912.44 $249.17
14 14 $912.44 $244.75
15 15 $912.44 $240.29
16 16 $912.44 $235.81
17 17 $912.44 $231.30
18 18 $912.44 $226.76
19 19 $912.44 $222.19
20 20 $912.44 $217.59
21 21 $912.44 $212.96
22 22 $912.44 $208.29
23 23 $912.44 $203.60
24 24 $912.44 $198.87
25 25 $912.44 $194.12
26 26 $912.44 $189.33
27 27 $912.44 $184.51
28 28 $912.44 $179.65
29 29 $912.44 $174.77
30 30 $912.44 $169.85
31 31 $912.44 $164.90
32 32 $912.44 $159.92
33 33 $912.44 $154.90
34 34 $912.44 $149.85
35 35 $912.44 $144.77
36 36 $912.44 $139.65
37 37 $912.44 $134.50
Principal Amount Loan Balance
$612.44 $45,000.00
$616.52 $44,387.56
$620.63 $43,771.04
$624.77 $43,150.41
$628.93 $42,525.64
$633.13 $41,896.71
$637.35 $41,263.58
$641.60 $40,626.24
$645.87 $39,984.64
$650.18 $39,338.77
$654.51 $38,688.59
$658.88 $38,034.07
$663.27 $37,375.20
$667.69 $36,711.93
$672.14 $36,044.23
$676.62 $35,372.09
$681.13 $34,695.47
$685.68 $34,014.33
$690.25 $33,328.66
$694.85 $32,638.41
$699.48 $31,943.56
$704.14 $31,244.08
$708.84 $30,539.94
$713.56 $29,831.10
$718.32 $29,117.54
$723.11 $28,399.21
$727.93 $27,676.11
$732.78 $26,948.17
$737.67 $26,215.39
$742.59 $25,477.72
$747.54 $24,735.14
$752.52 $23,987.60
$757.54 $23,235.08
$762.59 $22,477.54
$767.67 $21,714.96
$772.79 $20,947.28
$777.94 $20,174.49
Job Title Annual Salary Employer Taxes Benefits Month Started
Job Title $0.00 0.00% $0.00 0
Job Title $0.00 0.00% $0.00 0

1 2 3 4
Job Title $0.00 $0.00 $0.00 $0.00
Job Title $0.00 $0.00 $0.00 $0.00

Total Salaries $0.00 $0.00 $0.00 $0.00

Month Ending # of this Particular Employee
0 0
0 0

5 6 7 8 9
$0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00 $0.00

 10 11 12 13 14 15 16 17
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

 18 19 20 21 22 23 24 25
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

 26 27 28 29 30 31 32 33
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

 34 35 36
$0.00 $0.00 $0.00
$0.00 $0.00 $0.00

$0.00 $0.00 $0.00

Startup Sources and Uses Useful Life Salvage Cost
Required Starting Cash Balance $0.00
Equipment $12,000.00 7 $0.00
Food Truck $5,500.00 7 $0.00
How much inventory will you start with? $0.00
Other One Time Startup Costs $50,000.00

Total Startup Costs $67,500.00

Sources of Funding
Personal Investment/Personal Savings $5,500.00
Outside Investment $8,000.00
Loans $0.00

Uses of Funding
Land $12,000.00
Building $12,000.00
Equipment $12,000.00
Furniture $5,500.00
Required Starting Cash Balance $0.00
Starting Inventory $5,000.00
Other One Time Startup Costs $50,000.00
Monthly Depreciation

$142.86
$65.48
Example Food Truck
Pro Forma Income Statement
Year 1

Month 1 2 3 4 5 6 7
Sales:
Food Truck Sales $13,500 $13,771 $14,048 $14,331 $14,619 $14,912 $15,212
Total Sales $13,500 $13,771 $14,048 $14,331 $14,619 $14,912 $15,212

Material Cost $4,050 $4,131 $4,214 $4,299 $4,386 $4,474 $4,564

Labor Cost $4,455 $4,545 $4,636 $4,729 $4,824 $4,921 $5,020
Cost of Goods Sold $8,505 $8,676 $8,850 $9,028 $9,210 $9,395 $9,584

Gross Margin $4,995 $5,095 $5,198 $5,302 $5,409 $5,518 $5,628

Percent 37.00% 37.00% 37.00% 37.00% 37.00% 37.00% 37.00%

Operating Expenses
Accounting $100 $100 $100 $100 $100 $100 $100
Advertising $200 $210 $221 $232 $243 $255 $268
Vehicle/Liability Insurance $2,500 $0 $0 $0 $0 $0 $0
Legal Professional $250 $0 $0 $0 $0 $0 $0
Licenses $250 $0 $0 $0 $0 $0 $0
Fuel and Vehicle Repairs $300 $300 $300 $300 $300 $300 $300
Credit Card Processing Fees $371 $379 $386 $394 $402 $410 $418
Office Supplies $100 $100 $100 $100 $100 $100 $100
Parking Fees $100 $100 $100 $100 $100 $100 $100
Permits $100 $100 $100 $100 $100 $100 $100
Telephone $100 $100 $100 $100 $100 $100 $100
Travel $100 $100 $100 $100 $100 $100 $100
Uniforms $100 $100 $100 $100 $100 $100 $100
Website $50 $50 $50 $50 $50 $50 $50
Other $0 $0 $0 $0 $0 $0 $0
Salaries $0 $0 $0 $0 $0 $0 $0
Loan Interest Expense $300 $296 $292 $288 $284 $279 $275
Miscellaneous Expense $0 $0 $0 $0 $0 $0 $0
Depreciation Expense $208 $208 $208 $208 $208 $208 $208
Total Operating Expenses $5,130 $2,143 $2,157 $2,172 $2,187 $2,203 $2,220

Net Profit ($135) $2,952 $3,041 $3,131 $3,222 $3,315 $3,409

Income Tax $0 $0 $0 $0 $0 $0 $0

Net Income ($135) $2,952 $3,041 $3,131 $3,222 $3,315 $3,409

,
 8 9 10 11 12 Year 1

$15,518 $15,830 $16,148 $16,473 $16,804 $181,165

$15,518 $15,830 $16,148 $16,473 $16,804 $181,165

$4,655 $4,749 $4,844 $4,942 $5,041 $54,350

$5,121 $5,224 $5,329 $5,436 $5,545 $59,784
$9,776 $9,973 $10,173 $10,378 $10,586 $114,134

$5,742 $5,857 $5,975 $6,095 $6,217 $67,031

37.00% 37.00% 37.00% 37.00% 37.00% 37.00%

$100 $100 $100 $100 $100 $1,200

$281 $295 $310 $326 $342 $3,183
$0 $0 $0 $0 $0 $2,500
$0 $0 $0 $0 $0 $250
$0 $0 $0 $0 $0 $250
$300 $300 $300 $300 $300 $3,600
$427 $435 $444 $453 $462 $4,982
$100 $100 $100 $100 $100 $1,200
$100 $100 $100 $100 $100 $1,200
$100 $100 $100 $100 $100 $1,200
$100 $100 $100 $100 $100 $1,200
$100 $100 $100 $100 $100 $1,200
$100 $100 $100 $100 $100 $1,200
$50 $50 $50 $50 $50 $600
$0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0
$271 $267 $262 $258 $254 $3,324
$0 $0 $0 $0 $0 $0
$208 $208 $208 $208 $208 $2,500
$2,237 $2,256 $2,275 $2,295 $2,316 $29,590

$3,504 $3,601 $3,700 $3,800 $3,901 $37,441

$0 $0 $0 $0 $0 $0

$3,504 $3,601 $3,700 $3,800 $3,901 $37,441

Example Food Truck
Pro Forma Income Statement
Year 2

Month 13 14 15 16 17 18
Sales:
Food Truck Sales $17,141 $17,486 $17,837 $18,196 $18,562 $18,935
Total Sales $17,141 $17,486 $17,837 $18,196 $18,562 $18,935

Material Cost $5,142 $5,246 $5,351 $5,459 $5,569 $5,680

Labor Cost $5,657 $5,770 $5,886 $6,005 $6,125 $6,248
Cost of Goods Sold $10,799 $11,016 $11,238 $11,463 $11,694 $11,929

Gross Margin $6,342 $6,470 $6,600 $6,733 $6,868 $7,006

Percent 37.00% 37.00% 37.00% 37.00% 37.00% 37.00%

Operating Expenses
Accounting $100 $100 $100 $100 $100 $100
Advertising $359 $377 $396 $416 $437 $458
Vehicle/Liability Insurance $0 $0 $0 $0 $0 $0
Legal Professional $0 $0 $0 $0 $0 $0
Licenses $0 $0 $0 $0 $0 $0
Fuel and Vehicle Repairs $300 $300 $300 $300 $300 $300
Credit Card Processing Fees $471 $481 $491 $500 $510 $521
Office Supplies $100 $100 $100 $100 $100 $100
Parking Fees $100 $100 $100 $100 $100 $100
Permits $100 $100 $100 $100 $100 $100
Telephone $100 $100 $100 $100 $100 $100
Travel $100 $100 $100 $100 $100 $100
Uniforms $100 $100 $100 $100 $100 $100
Website $50 $50 $50 $50 $50 $50
Other $0 $0 $0 $0 $0 $0
Salaries $0 $0 $0 $0 $0 $0
Loan Interest Expense $249 $245 $240 $236 $231 $227
Miscellaneous Expense $0 $0 $0 $0 $0 $0
Depreciation Expense $208 $208 $208 $208 $208 $208
Total Operating Expenses $2,338 $2,361 $2,385 $2,410 $2,437 $2,464

Net Profit $4,004 $4,109 $4,215 $4,322 $4,431 $4,542

Income Tax $0 $0 $0 $0 $0 $0

Net Income $4,004 $4,109 $4,215 $4,322 $4,431 $4,542

,
 19 20 21 22 23 24 Year 2

$19,315 $19,704 $20,100 $20,504 $20,916 $21,336 ###

$19,315 $19,704 $20,100 $20,504 $20,916 $21,336 ###

$5,795 $5,911 $6,030 $6,151 $6,275 $6,401 $69,009

$6,374 $6,502 $6,633 $6,766 $6,902 $7,041 $75,910
$12,169 $12,413 $12,663 $12,917 $13,177 $13,442 ###

$7,147 $7,290 $7,437 $7,586 $7,739 $7,894 $85,112

37.00% 37.00% 37.00% 37.00% 37.00% 37.00% 37.00%

$100 $100 $100 $100 $100 $100 $1,200

$481 $505 $531 $557 $585 $614 $5,717
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$300 $300 $300 $300 $300 $300 $3,600
$531 $542 $553 $564 $575 $587 $6,326
$100 $100 $100 $100 $100 $100 $1,200
$100 $100 $100 $100 $100 $100 $1,200
$100 $100 $100 $100 $100 $100 $1,200
$100 $100 $100 $100 $100 $100 $1,200
$100 $100 $100 $100 $100 $100 $1,200
$100 $100 $100 $100 $100 $100 $1,200
$50 $50 $50 $50 $50 $50 $600
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$222 $218 $213 $208 $204 $199 $2,692
$0 $0 $0 $0 $0 $0 $0
$208 $208 $208 $208 $208 $208 $2,500
$2,493 $2,523 $2,555 $2,588 $2,622 $2,658 $29,834

$4,654 $4,767 $4,882 $4,999 $5,117 $5,236 $55,277

$0 $0 $0 $0 $0 $0 $0

$4,654 $4,767 $4,882 $4,999 $5,117 $5,236 $55,277

Example Food Truck
Pro Forma Income Statement
Year 3

Month 25 26 27 28 29 30
Sales:
Food Truck Sales $21,765 $22,203 $22,649 $23,104 $23,568 $24,042
Total Sales $21,765 $22,203 $22,649 $23,104 $23,568 $24,042

Material Cost $6,530 $6,661 $6,795 $6,931 $7,071 $7,213

Labor Cost $7,182 $7,327 $7,474 $7,624 $7,778 $7,934
Cost of Goods Sold $13,712 $13,988 $14,269 $14,556 $14,848 $15,147

Gross Margin $8,053 $8,215 $8,380 $8,548 $8,720 $8,896

Percent 37.00% 37.00% 37.00% 37.00% 37.00% 37.00%

Operating Expenses
Accounting $100 $100 $100 $100 $100 $100
Advertising $645 $677 $711 $747 $784 $823
Vehicle/Liability Insurance $0 $0 $0 $0 $0 $0
Legal Professional $0 $0 $0 $0 $0 $0
Licenses $0 $0 $0 $0 $0 $0
Fuel and Vehicle Repairs $300 $300 $300 $300 $300 $300
Credit Card Processing Fees $599 $611 $623 $635 $648 $661
Office Supplies $100 $100 $100 $100 $100 $100
Parking Fees $100 $100 $100 $100 $100 $100
Permits $100 $100 $100 $100 $100 $100
Telephone $100 $100 $100 $100 $100 $100
Travel $100 $100 $100 $100 $100 $100
Uniforms $100 $100 $100 $100 $100 $100
Website $50 $50 $50 $50 $50 $50
Other $0 $0 $0 $0 $0 $0
Salaries $0 $0 $0 $0 $0 $0
Loan Interest Expense $194 $189 $185 $180 $175 $170
Miscellaneous Expense $0 $0 $0 $0 $0 $0
Depreciation Expense $208 $208 $208 $208 $208 $208
Total Operating Expenses $2,696 $2,736 $2,777 $2,820 $2,865 $2,913

Net Profit $5,357 $5,479 $5,603 $5,728 $5,855 $5,983

Income Tax $0 $0 $0 $0 $0 $0

Net Income $5,357 $5,479 $5,603 $5,728 $5,855 $5,983

,
 31 32 33 34 35 36 Year 3

$24,525 $25,018 $25,521 $26,034 $26,557 $27,091 $292,079

$24,525 $25,018 $25,521 $26,034 $26,557 $27,091 $292,079

$7,358 $7,506 $7,656 $7,810 $7,967 $8,127 $87,624

$8,093 $8,256 $8,422 $8,591 $8,764 $8,940 $96,386
$15,451 $15,762 $16,078 $16,402 $16,731 $17,068 $184,010

$9,074 $9,257 $9,443 $9,633 $9,826 $10,024 $108,069

37.00% 37.00% 37.00% 37.00% 37.00% 37.00% 37.00%

$100 $100 $100 $100 $100 $100 $1,200

$864 $908 $953 $1,001 $1,051 $1,103 $10,267
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$300 $300 $300 $300 $300 $300 $3,600
$674 $688 $702 $716 $730 $745 $8,032
$100 $100 $100 $100 $100 $100 $1,200
$100 $100 $100 $100 $100 $100 $1,200
$100 $100 $100 $100 $100 $100 $1,200
$100 $100 $100 $100 $100 $100 $1,200
$100 $100 $100 $100 $100 $100 $1,200
$100 $100 $100 $100 $100 $100 $1,200
$50 $50 $50 $50 $50 $50 $600
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$165 $160 $155 $150 $145 $140 $2,006
$0 $0 $0 $0 $0 $0 $0
$208 $208 $208 $208 $208 $208 $2,500
$2,962 $3,014 $3,068 $3,125 $3,184 $3,246 $35,405

$6,112 $6,243 $6,375 $6,508 $6,642 $6,778 $72,664

$0 $0 $0 $0 $0 $0 $0

$6,112 $6,243 $6,375 $6,508 $6,642 $6,778 $72,664

Example Food Truck
Cash Flow Statement
Year 1

0 1 2 3 4

Cash Balance $0 $0 $5,012 $6,130 $8,834

Cash Receipts
Product Sales $0 $13,500 $13,771 $14,048 $14,331
Loans $0 $0 $0 $0 $0
Total Cash Receipts $0 $13,500 $13,771 $14,048 $14,331

Cash Disbursements
Material Costs $0 $2,025 $4,091 $4,173 $4,257
Labor Costs $0 $2,228 $4,500 $4,590 $4,682
Accounting $0 $50 $100 $100 $100
Advertising $0 $100 $205 $215 $226
Insurance $0 $1,250 $1,250 $0 $0
Legal Professional $0 $125 $125 $0 $0
Licenses $0 $125 $125 $0 $0
Maintenance $0 $150 $300 $300 $300
Meals Entertainment $0 $186 $375 $383 $390
Office Supplies $0 $50 $100 $100 $100
Property Tax $0 $50 $100 $100 $100
Rent $0 $50 $100 $100 $100
Telephone $0 $50 $100 $100 $100
Travel $0 $50 $100 $100 $100
Utilities $0 $50 $100 $100 $100
Website $0 $25 $50 $50 $50
Other $0 $0 $0 $0 $0
Salaries $0 $0 $0 $0 $0
Loan Interest Expense $0 $300 $296 $292 $288
Loan Principal Expense $0 $612 $617 $621 $625
Owner Draw $0 $0 $0 $0 $0
Capital Purchases $17,500 $0 $0 $0 $0
Miscellaneous $0 $0 $0 $0 $0
Income Tax $0 $0 $0 $0 $0
Change in Inventory $0 ($1,013) ($20) ($21) ($21)
Total Cash Disbursements $17,500 $8,488 $12,653 $11,344 $11,539

Net Cash Flow ($17,500) $5,012 $1,118 $2,704 $2,791

Cumulative Cash Flow ($17,500) ($12,488) ($11,370) ($8,666) ($5,875)

,
 5 6 7 8 9 10 11 12

$11,625 $14,506 $17,476 $20,538 $23,694 $26,944 $30,290 $33,733

$14,619 $14,912 $15,212 $15,518 $15,830 $16,148 $16,473 $16,804

$0 $0 $0 $0 $0 $0 $0 $0
$14,619 $14,912 $15,212 $15,518 $15,830 $16,148 $16,473 $16,804

$4,342 $4,430 $4,519 $4,610 $4,702 $4,797 $4,893 $4,991

$4,777 $4,873 $4,971 $5,070 $5,172 $5,276 $5,382 $5,491
$100 $100 $100 $100 $100 $100 $100 $100
$237 $249 $262 $275 $288 $303 $318 $334
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$300 $300 $300 $300 $300 $300 $300 $300
$398 $406 $414 $423 $431 $440 $449 $458
$100 $100 $100 $100 $100 $100 $100 $100
$100 $100 $100 $100 $100 $100 $100 $100
$100 $100 $100 $100 $100 $100 $100 $100
$100 $100 $100 $100 $100 $100 $100 $100
$100 $100 $100 $100 $100 $100 $100 $100
$100 $100 $100 $100 $100 $100 $100 $100
$50 $50 $50 $50 $50 $50 $50 $50
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$284 $279 $275 $271 $267 $262 $258 $254
$629 $633 $637 $642 $646 $650 $655 $659
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
($22) ($22) ($22) ($23) ($23) ($24) ($24) ($25)
$11,738 $11,942 $12,150 $12,363 $12,580 $12,802 $13,029 $13,261

$2,880 $2,970 $3,062 $3,155 $3,250 $3,346 $3,444 $3,543

($2,994) ($24) $3,038 $6,194 $9,444 $12,790 $16,233 $19,776

Year 1

$33,733

###
$0
###

$51,829
$57,012
$1,150
$3,012
$2,500
$250
$250
$3,450
$4,751
$1,150
$1,150
$1,150
$1,150
$1,150
$1,150
$575
$0
$0
$3,324
$7,625
$0
$17,500
$0
$0
($1,260)
###

$19,776

$19,776
Example Food Truck
Cash Flow Statement
Year 2

13 14 15 16 17 18

Cash Balance $37,276 $40,920 $44,666 $48,515 $52,470 $56,532

Cash Receipts
Product Sales $17,141 $17,486 $17,837 $18,196 $18,562 $18,935
Loans $0 $0 $0 $0 $0 $0
Total Cash Receipts $17,141 $17,486 $17,837 $18,196 $18,562 $18,935

Cash Disbursements
Material Costs $5,092 $5,194 $5,299 $5,405 $5,514 $5,624
Labor Costs $5,601 $5,714 $5,828 $5,946 $6,065 $6,187
Accounting $100 $100 $100 $100 $100 $100
Advertising $351 $368 $387 $406 $426 $447
Insurance $0 $0 $0 $0 $0 $0
Legal Professional $0 $0 $0 $0 $0 $0
Licenses $0 $0 $0 $0 $0 $0
Maintenance $300 $300 $300 $300 $300 $300
Meals Entertainment $467 $476 $486 $495 $505 $516
Office Supplies $100 $100 $100 $100 $100 $100
Property Tax $100 $100 $100 $100 $100 $100
Rent $100 $100 $100 $100 $100 $100
Telephone $100 $100 $100 $100 $100 $100
Travel $100 $100 $100 $100 $100 $100
Utilities $100 $100 $100 $100 $100 $100
Website $50 $50 $50 $50 $50 $50
Other $0 $0 $0 $0 $0 $0
Salaries $0 $0 $0 $0 $0 $0
Loan Interest Expense $249 $245 $240 $236 $231 $227
Loan Principal Expense $663 $668 $672 $677 $681 $686
Owner Draw $0 $0 $0 $0 $0 $0
Capital Purchases $0 $0 $0 $0 $0 $0
Miscellaneous $0 $0 $0 $0 $0 $0
Income Tax $0 $0 $0 $0 $0 $0
Change in Inventory ($25) ($26) ($26) ($27) ($27) ($28)
Total Cash Disbursements $13,498 $13,740 $13,988 $14,241 $14,500 $14,765

Net Cash Flow $3,644 $3,746 $3,850 $3,955 $4,062 $4,170

Cumulative Cash Flow $3,644 $7,389 $11,239 $15,194 $19,255 $23,425

,
 19 20 21 22 23 24 Year 2

$60,701 $64,981 $69,372 $73,877 $78,495 $83,230 $83,230

$19,315 $19,704 $20,100 $20,504 $20,916 $21,336 ###

$0 $0 $0 $0 $0 $0 $0
$19,315 $19,704 $20,100 $20,504 $20,916 $21,336 ###

$5,738 $5,853 $5,970 $6,090 $6,213 $6,338 $68,330

$6,311 $6,438 $6,568 $6,700 $6,834 $6,972 $75,163
$100 $100 $100 $100 $100 $100 $1,200
$470 $493 $518 $544 $571 $600 $5,581
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$300 $300 $300 $300 $300 $300 $3,600
$526 $537 $547 $558 $570 $581 $6,264
$100 $100 $100 $100 $100 $100 $1,200
$100 $100 $100 $100 $100 $100 $1,200
$100 $100 $100 $100 $100 $100 $1,200
$100 $100 $100 $100 $100 $100 $1,200
$100 $100 $100 $100 $100 $100 $1,200
$100 $100 $100 $100 $100 $100 $1,200
$50 $50 $50 $50 $50 $50 $600
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$222 $218 $213 $208 $204 $199 $2,692
$690 $695 $699 $704 $709 $714 $8,258
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
($29) ($29) ($30) ($30) ($31) ($32) ($340)
$15,036 $15,312 $15,595 $15,885 $16,181 $16,484 ###

$4,280 $4,391 $4,504 $4,619 $4,735 $4,852 $50,806

$27,705 $32,096 $36,600 $41,219 $45,954 $50,806 $50,806

Example Food Truck
Cash Flow Statement
Year 3

25 26 27 28 29 30

Cash Balance $88,082 $93,053 $98,145 $103,359 $108,696 $114,159

Cash Receipts
Product Sales $21,765 $22,203 $22,649 $23,104 $23,568 $24,042
Loans $0 $0 $0 $0 $0 $0
Total Cash Receipts $21,765 $22,203 $22,649 $23,104 $23,568 $24,042

Cash Disbursements
Material Costs $6,465 $6,595 $6,728 $6,863 $7,001 $7,142
Labor Costs $7,112 $7,255 $7,400 $7,549 $7,701 $7,856
Accounting $100 $100 $100 $100 $100 $100
Advertising $630 $661 $694 $729 $765 $804
Insurance $0 $0 $0 $0 $0 $0
Legal Professional $0 $0 $0 $0 $0 $0
Licenses $0 $0 $0 $0 $0 $0
Maintenance $300 $300 $300 $300 $300 $300
Meals Entertainment $593 $605 $617 $629 $642 $655
Office Supplies $100 $100 $100 $100 $100 $100
Property Tax $100 $100 $100 $100 $100 $100
Rent $100 $100 $100 $100 $100 $100
Telephone $100 $100 $100 $100 $100 $100
Travel $100 $100 $100 $100 $100 $100
Utilities $100 $100 $100 $100 $100 $100
Website $50 $50 $50 $50 $50 $50
Other $0 $0 $0 $0 $0 $0
Salaries $0 $0 $0 $0 $0 $0
Loan Interest Expense $194 $189 $185 $180 $175 $170
Loan Principal Expense $718 $723 $728 $733 $738 $743
Owner Draw $0 $0 $0 $0 $0 $0
Capital Purchases $0 $0 $0 $0 $0 $0
Miscellaneous $0 $0 $0 $0 $0 $0
Income Tax $0 $0 $0 $0 $0 $0
Change in Inventory ($32) ($33) ($33) ($34) ($35) ($36)
Total Cash Disbursements $16,794 $17,111 $17,435 $17,767 $18,106 $18,454

Net Cash Flow $4,971 $5,092 $5,214 $5,337 $5,462 $5,589

Cumulative Cash Flow $4,971 $10,063 $15,277 $20,614 $26,076 $31,665

,
 31 32 33 34 35 36 Year 3

$119,747 $125,463 $131,309 $137,285 $143,392 $149,633 ###

$24,525 $25,018 $25,521 $26,034 $26,557 $27,091 ###

$0 $0 $0 $0 $0 $0 $0
$24,525 $25,018 $25,521 $26,034 $26,557 $27,091 ###

$7,285 $7,432 $7,581 $7,733 $7,889 $8,047 $86,760

$8,014 $8,175 $8,339 $8,507 $8,678 $8,852 $95,436
$100 $100 $100 $100 $100 $100 $1,200
$844 $886 $930 $977 $1,026 $1,077 $10,022
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$300 $300 $300 $300 $300 $300 $3,600
$668 $681 $695 $709 $723 $738 $7,953
$100 $100 $100 $100 $100 $100 $1,200
$100 $100 $100 $100 $100 $100 $1,200
$100 $100 $100 $100 $100 $100 $1,200
$100 $100 $100 $100 $100 $100 $1,200
$100 $100 $100 $100 $100 $100 $1,200
$100 $100 $100 $100 $100 $100 $1,200
$50 $50 $50 $50 $50 $50 $600
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$165 $160 $155 $150 $145 $140 $2,006
$748 $753 $758 $763 $768 $773 $8,943
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
($36) ($37) ($38) ($38) ($39) ($40) ($432)
$18,809 $19,173 $19,545 $19,927 $20,317 $20,716 ###

$5,716 $5,845 $5,976 $6,108 $6,241 $6,375 $67,926

$37,381 $43,227 $49,203 $55,310 $61,551 $67,926 $67,926

Example Food Truck
Balance Sheet
Year 1

Months 0 1 2 3 4

Assets:
Current Assets:
Cash $0 $5,012 $6,130 $8,834 $11,625
Accounts Receivable $0 $0 $0 $0 $0
Inventory $0 $1,013 $1,033 $1,054 $1,075
Total Current Assets $0 $6,024 $7,163 $9,888 $12,700

Fixed Assets:
Equipment $12,000 $12,000 $12,000 $12,000 $12,000
Furniture $5,500 $5,500 $5,500 $5,500 $5,500
Accumulated Depreciation $0 ($208) ($417) ($625) ($833)
Total Fixed Assets Net $17,500 $17,292 $17,083 $16,875 $16,667

Total Assets $17,500 $23,316 $24,246 $26,763 $29,367

Liabilities and Equity

Current Liabilities:
Accounts Payable $0 $6,563 $5,157 $5,254 $5,352
Total Current Liabilities $0 $6,563 $5,157 $5,254 $5,352

Long-Term Liabilities:
Bank Loan $45,000 $44,388 $43,771 $43,150 $42,526
Total Long-Term Liabilities $45,000 $44,388 $43,771 $43,150 $42,526

Total Liabilities $45,000 $50,951 $48,928 $48,404 $47,878

Shareholder's Equity:
Paid in Capital $5,500 $5,500 $5,500 $5,500 $5,500
Additional Equity Injections $8,000 $8,000 $8,000 $8,000 $8,000
Owner Draw $0 $0 $0 $0 $0
Retained Earnings ($41,000) ($41,135) ($38,182) ($35,141) ($32,011)
Total Equity ($27,500) ($27,635) ($24,682) ($21,641) ($18,511)

Total Liabilities and Equity $17,500 $23,316 $24,246 $26,763 $29,367

,
 5 6 7 8 9 10 11 12

$14,506 $17,476 $20,538 $23,694 $26,944 $30,290 $33,733 $37,276

$0 $0 $0 $0 $0 $0 $0 $0
$1,096 $1,118 $1,141 $1,164 $1,187 $1,211 $1,235 $1,260
$15,602 $18,595 $21,679 $24,857 $28,131 $31,501 $34,969 $38,537

$12,000 $12,000 $12,000 $12,000 $12,000 $12,000 $12,000 $12,000

$5,500 $5,500 $5,500 $5,500 $5,500 $5,500 $5,500 $5,500
($1,042) ($1,250) ($1,458) ($1,667) ($1,875) ($2,083) ($2,292) ($2,500)
$16,458 $16,250 $16,042 $15,833 $15,625 $15,417 $15,208 $15,000

$32,060 $34,845 $37,721 $40,691 $43,756 $46,917 $50,177 $53,537

$5,452 $5,555 $5,660 $5,767 $5,877 $5,989 $6,103 $6,220

$5,452 $5,555 $5,660 $5,767 $5,877 $5,989 $6,103 $6,220

$41,897 $41,264 $40,626 $39,985 $39,339 $38,689 $38,034 $37,375

$41,897 $41,264 $40,626 $39,985 $39,339 $38,689 $38,034 $37,375

$47,349 $46,819 $46,286 $45,752 $45,216 $44,677 $44,137 $43,595

$5,500 $5,500 $5,500 $5,500 $5,500 $5,500 $5,500 $5,500

$8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000
$0 $0 $0 $0 $0 $0 $0 $0
($28,789) ($25,474) ($22,065) ($18,561) ($14,960) ($11,260) ($7,460) ($3,559)
($15,289) ($11,974) ($8,565) ($5,061) ($1,460) $2,240 $6,040 $9,941

$32,060 $34,845 $37,721 $40,691 $43,756 $46,917 $50,177 $53,537

Example Food Truck
Balance Sheet
Year 2

Months 13 14 15 16 17

Assets:
Current Assets:
Cash $40,920 $44,666 $48,515 $52,470 $56,532
Accounts Receivable $0 $0 $0 $0 $0
Inventory $1,286 $1,311 $1,338 $1,365 $1,392
Total Current Assets $42,206 $45,977 $49,853 $53,835 $57,924

Fixed Assets:
Equipment $12,000 $12,000 $12,000 $12,000 $12,000
Furniture $5,500 $5,500 $5,500 $5,500 $5,500
Accumulated Depreciation ($2,708) ($2,917) ($3,125) ($3,333) ($3,542)
Total Fixed Assets Net $14,792 $14,583 $14,375 $14,167 $13,958

Total Assets $56,997 $60,560 $64,228 $68,001 $71,882

Liabilities and Equity

Current Liabilities:
Accounts Payable $6,340 $6,462 $6,587 $6,715 $6,845
Total Current Liabilities $6,340 $6,462 $6,587 $6,715 $6,845

Long-Term Liabilities:
Bank Loan $36,712 $36,044 $35,372 $34,695 $34,014
Total Long-Term Liabilities $36,712 $36,044 $35,372 $34,695 $34,014

Total Liabilities $43,052 $42,506 $41,959 $41,410 $40,860

Shareholder's Equity:
Paid in Capital $5,500 $5,500 $5,500 $5,500 $5,500
Additional Equity Injections $8,000 $8,000 $8,000 $8,000 $8,000
Owner Draw $0 $0 $0 $0 $0
Retained Earnings $445 $4,554 $8,769 $13,091 $17,522
Total Equity $13,945 $18,054 $22,269 $26,591 $31,022

Total Liabilities and Equity $56,997 $60,560 $64,228 $68,001 $71,882

,
 18 19 20 21 22 23 24

$60,701 $64,981 $69,372 $73,877 $78,495 $83,230 $88,082

$0 $0 $0 $0 $0 $0 $0
$1,420 $1,449 $1,478 $1,507 $1,538 $1,569 $1,600
$62,122 $66,430 $70,850 $75,384 $80,033 $84,799 $89,682

$12,000 $12,000 $12,000 $12,000 $12,000 $12,000 $12,000

$5,500 $5,500 $5,500 $5,500 $5,500 $5,500 $5,500
($3,750) ($3,958) ($4,167) ($4,375) ($4,583) ($4,792) ($5,000)
$13,750 $13,542 $13,333 $13,125 $12,917 $12,708 $12,500

$75,872 $79,972 $84,184 $88,509 $92,950 $97,507 $102,182

$6,979 $7,116 $7,255 $7,398 $7,544 $7,694 $7,846

$6,979 $7,116 $7,255 $7,398 $7,544 $7,694 $7,846

$33,329 $32,638 $31,944 $31,244 $30,540 $29,831 $29,118

$33,329 $32,638 $31,944 $31,244 $30,540 $29,831 $29,118

$40,308 $39,754 $39,199 $38,642 $38,084 $37,525 $36,964

$5,500 $5,500 $5,500 $5,500 $5,500 $5,500 $5,500

$8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000
$0 $0 $0 $0 $0 $0 $0
$22,064 $26,718 $31,485 $36,367 $41,366 $46,482 $51,718
$35,564 $40,218 $44,985 $49,867 $54,866 $59,982 $65,218

$75,872 $79,972 $84,184 $88,509 $92,950 $97,507 $102,182

Example Food Truck
Balance Sheet
Year 3

Months 25 26 27 28 29

Assets:
Current Assets:
Cash $93,053 $98,145 $103,359 $108,696 $114,159
Accounts Receivable $0 $0 $0 $0 $0
Inventory $1,632 $1,665 $1,699 $1,733 $1,768
Total Current Assets $94,686 $99,810 $105,058 $110,429 $115,926

Fixed Assets:
Equipment $12,000 $12,000 $12,000 $12,000 $12,000
Furniture $5,500 $5,500 $5,500 $5,500 $5,500
Accumulated Depreciation ($5,208) ($5,417) ($5,625) ($5,833) ($6,042)
Total Fixed Assets Net $12,292 $12,083 $11,875 $11,667 $11,458

Total Assets $106,977 $111,894 $116,933 $122,096 $127,385

Liabilities and Equity

Current Liabilities:
Accounts Payable $8,003 $8,163 $8,326 $8,494 $8,665
Total Current Liabilities $8,003 $8,163 $8,326 $8,494 $8,665

Long-Term Liabilities:
Bank Loan $28,399 $27,676 $26,948 $26,215 $25,478
Total Long-Term Liabilities $28,399 $27,676 $26,948 $26,215 $25,478

Total Liabilities $36,402 $35,839 $35,275 $34,709 $34,143

Shareholder's Equity:
Paid in Capital $5,500 $5,500 $5,500 $5,500 $5,500
Additional Equity Injections $8,000 $8,000 $8,000 $8,000 $8,000
Owner Draw $0 $0 $0 $0 $0
Retained Earnings $57,075 $62,555 $68,158 $73,887 $79,742
Total Equity $70,575 $76,055 $81,658 $87,387 $93,242

Total Liabilities and Equity $106,977 $111,894 $116,933 $122,096 $127,385

,
 30 31 32 33 34 35 36

$119,747 $125,463 $131,309 $137,285 $143,392 $149,633 $156,008

$0 $0 $0 $0 $0 $0 $0
$1,803 $1,839 $1,876 $1,914 $1,953 $1,992 $2,032
$121,550 $127,303 $133,185 $139,199 $145,345 $151,625 $158,040

$12,000 $12,000 $12,000 $12,000 $12,000 $12,000 $12,000

$5,500 $5,500 $5,500 $5,500 $5,500 $5,500 $5,500
($6,250) ($6,458) ($6,667) ($6,875) ($7,083) ($7,292) ($7,500)
$11,250 $11,042 $10,833 $10,625 $10,417 $10,208 $10,000

$132,800 $138,345 $144,019 $149,824 $155,762 $161,833 $168,040

$8,840 $9,020 $9,204 $9,392 $9,584 $9,781 $9,983

$8,840 $9,020 $9,204 $9,392 $9,584 $9,781 $9,983

$24,735 $23,988 $23,235 $22,478 $21,715 $20,947 $20,174

$24,735 $23,988 $23,235 $22,478 $21,715 $20,947 $20,174

$33,576 $33,008 $32,439 $31,869 $31,299 $30,728 $30,157

$5,500 $5,500 $5,500 $5,500 $5,500 $5,500 $5,500

$8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000
$0 $0 $0 $0 $0 $0 $0
$85,725 $91,837 $98,080 $104,455 $110,963 $117,605 $124,382
$99,225 $105,337 $111,580 $117,955 $124,463 $131,105 $137,882

$132,800 $138,345 $144,019 $149,824 $155,762 $161,833 $168,040

 Year 1 Year 2 Year 3
Sales
Food Truck Sales $181,165 $230,032 $292,079
Total Sales $181,165 $230,032 $292,079

Material Cost $54,350 $69,009 $87,624

Labor Cost $59,784 $75,910 $96,386
Cost of Goods Sold $114,134 $144,920 $184,010

Gross Margin $67,031 $85,112 $108,069

Operating Expenses
Accounting $1,200 $1,200 $1,200
Advertising $3,183 $5,717 $10,267
Vehicle/Liability Insurance $2,500 $0 $0
Legal Professional $250 $0 $0
Licenses $250 $0 $0
Fuel and Vehicle Repairs $3,600 $3,600 $3,600
Credit Card Processing Fees $4,982 $6,326 $8,032
Office Supplies $1,200 $1,200 $1,200
Parking Fees $1,200 $1,200 $1,200
Permits $1,200 $1,200 $1,200
Telephone $1,200 $1,200 $1,200
Travel $1,200 $1,200 $1,200
Uniforms $1,200 $1,200 $1,200
Website $600 $600 $600
Other $0 $0 $0
Salaries $0 $0 $0
Total Operating Expenses $23,765 $24,643 $30,899

Net Profit $37,441 $55,277 $72,664

Income Tax $0 $0 $0

Net Income $37,441 $55,277 $72,664

,
Income Statement Report Balance Sheet Report

Profit and Loss at a Glance

2016 2017 2018

Revenue $ 181,165 100% $ 230,032 100% $ 292,079 100%
Cost of Goods Sold $ 114,134 63% $ 144,920 63% $ 184,010 63%
Gross Profit $ 67,031 37% $ 85,112 37% $ 108,069 37%
Operating Expenses $ 23,765 13% $ 24,643 11% $ 30,899 11%
Net Income $ 37,441 21% $ 55,277 24% $ 72,664 25%

Annual Sales, Gross Margin, Net Profit

$350,000 $18,000
$300,000 $16,000
$14,000
$250,000
$12,000
$200,000 $10,000
$8,000

$
$150,000
$

$6,000
$100,000 $4,000
$50,000 $2,000
$0
$0
Year 1 Year 2 Year 3
Total Sales Gross Margin Net Profit

Annual Sales Forecast

$350,000 $6,000

$300,000 $5,000

$250,000 $4,000

$200,000 $3,000
$

$150,000 $2,000
$

$1,000
$100,000
$0
$50,000

$0
Year 1 Year 2 Year 3
 Cash Flow Report

Key Ratios

2016 2017 2018

Sales Growth N/A 27% 27%
Gross Profit Margin 37% 37% 37%
Profit Margin 21% 24% 25%
Debt Service Coverage Ratio 3.42 5.05 6.64 EBITDA/Annual Debt Service

Sales Forecast - Current Year

$18,000
$16,000
$14,000
$12,000
$10,000
$8,000
$

$6,000
$4,000
$2,000
$0
1 2 3 4 5 6 7 8 9 10 11 12
Month

Projected Cash Flow - Current Year

$6,000

$5,000

$4,000

$3,000
$

$2,000

$1,000

$0
1 2 3 4 5 6 7 8 9 10 11 12
Month
 Sales Forecast - Year 1 Sales Forecast - Year
$18,000 $25,000
$16,000
$14,000 $20,000
$12,000
$15,000
$10,000
$8,000
$

$
$10,000
$6,000
$4,000 $5,000
$2,000
$0 $0
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19
Month Month

Annual Sales Forecast Annual Sales, Gross Margin,

$350,000 $350,000

$300,000 $300,000
$250,000
$250,000
$200,000
$200,000
$ $150,000
$150,000
$

$100,000
$100,000 $50,000
$50,000 $0
Year 1 Year 2
$0
Year 1 Year 2 Year 3 Total Sales Gross Margin Net

Sources of Funding Uses of Funding

Land; $12,00

Buildi
Personal Investment/Personal Savings; $5,500.00

Other One Time Startup Costs; $50,000.00

Outside Investment; $8,000.00
Equipm

Furniture; $
Starting Inventory; $5

Break-even Analysis
8000
7000
 Break-even Analysis
8000
7000
6000
5000
4000
3000
$

2000
1000
0
-1000
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 3
Month

Projected Cash Flow - Year 1 Projected Cash Flow - Y

$6,000 $6,000

$5,000 $5,000

$4,000 $4,000

$3,000 $3,000
$

$2,000 $ $2,000

$1,000 $1,000

$0 $0
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 2
Month Month
 1 2 3 4 5 6 7 8 9
Net Incom -134.583 2952.437 3040.853 3130.676 3221.92 3314.596 3408.714 3504.286 3601.322
Sales Forecast - Year 2 Sales Forecast - Year 3
$30,000

$25,000

$20,000

$15,000

$
$10,000

$5,000

$0
3 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36
Month Month

Sales, Gross Margin, Net Profit

Year 1 Year 2 Year 3

Total Sales Gross Margin Net Profit

Uses of Funding

Land; $12,000.00

Building; $12,000.00

me Startup Costs; $50,000.00

Equipment; $12,000.00

Furniture; $5,500.00
Starting Inventory; $5,000.00
2 23 24 25 26 27 28 29 30 31 32 33 34 35 36

jected Cash Flow - Year 2 Projected Cash Flow - Year 3

$7,000
$6,000
$5,000
$4,000
$3,000
$

$2,000
$1,000
$0
14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36
Month Month
 10 11 12 13 14 15 16 17 18 19
3699.829 3799.818 3901.293 4004.263 4108.732 4214.705 4322.184 4431.171 4541.666 4653.669
r3

32 33 34 35 36
Year 3

32 33 34 35 36
 20 21 22 23 24 25 26 27 28 29
4767.176 4882.184 4998.685 5116.672 5236.135 5357.06 5479.434 5603.239 5728.455 5855.06
 30 31 32 33 34 35 36
5983.027 6112.329 6242.932 6374.801 6507.896 6642.174 6777.587