SCORE Financial Projection Model

Please read this entire page before you do anything else

This spreadsheet walks you through the process of developing an integrated set of financial projections.

To use this model, simply complete any information asked for found in the color yellow.
Example: Fill in boxes that look like this -

A number found in the color green is optional information that you can complete.
Example: Check these assumptions -

Otherwise, any information found in black type is automatically calculated for you.
Although the cells that are calculated are locked (or protected), you can turn off this protection to modify the sheets.
To do this, select "Tools" from the menu bar at the top of the screen. Then select, "Protection."
Finally, select "Unprotect Sheet" and you will be able to edit any labels or formulas.

Before you begin, we need some information about your business to best customize your financial statements.
Please enter the name of your business in the box below:

AgroBusiness Consult

The first six worksheets in this workbook are steps you will need to complete. They are titled:
1. Required Start-Up Funds
2. Salaries and Wages
3. Fixed Operating Expenses
4. & 5. Projected Sales Forecast (2 sheets)
6. Cash Receipts and Disbursements

Begin by clicking on the tabs below

AgroBusiness Consult
Required Start-Up Funds for a New Business or
Opening Balance Sheet for an Existing Business

Required Start-Up Funds Amount Totals Depreciation Notes

Fixed Assets
Farm-Land ₦ 600,000.00
Buildings 1,500,000 20.00 years
Leasehold Improvements - 7.00 years
Equipment 3,895,000 7.00 years
Furniture and Fixtures 350,000 5.00 years
Vehicles 2,500,000 5.00 years
Other Fixed Assets 500,000 5.00 years
Total Fixed Assets 9,345,000

Operating Capital
Pre-Opening Salaries and Wages 1,555,000
Prepaid Insurance Premiums 250,000
Inventory 100,000
Legal and Accounting Fees 100,000
Rent Deposits -
Utility Deposits 100,000
Supplies 300,000
Advertising and Promotions 500,000
Licenses 350,000
Other Initial Start-Up Costs 400,000
Working Capital (Cash On Hand) 2,500,000
Total Operating Capital 6,155,000

Total Required Funds ₦ 15,500,000.00

Sources of Funding Amount Totals Loan Rate Term in Months Monthly Payments
Owner's Equity 3.30% 500,000
Outside Investors 96.70% 15,000,000
Additional Loans or Debt
Commercial Loan 0.00% (1,680,000) 0.00% 84.00 ₦ 20,000.00
Commercial Mortgage 0.00% 1,680,000 0.00% 240.00 ₦ 7,000.00
Credit Card Debt 0.00% - 0.00% 60.00 ₦ -
Vehicle Loans 0.00% - 0.00% 48.00 ₦ -
Other Bank Debt 0.00% - 0.00% 36.00 ₦ -
Total Sources of Funding 100.00% ₦ 15,500,000.00 ₦ 27,000.00
Note#: For existing businesses, this should be the "bucket" of cash plus recievables that will
be turned into cash or payables paid out in cash in the near term (i.e. in the first month of the plan)
AgroBusiness Consult
Salaries and Wages

Salaries and Related Expenses # Assumptions Wage Base Monthly Year One Year Two Year Three

Percent Change 3.00% 3.00%

Salaries and Wages

Owner's Compensation 1 ₦ 35,000.00 420,000 432,600 445,578
Salaries 3 25,000 300,000 309,000 318,270
Wages
Full-Time Employees 5 97,500 1,170,000 1,205,100 1,241,253
Estimated Hours Per Week 40.00
Estimated Rate Per Hour ₦ 112.50
Part-Time Employees 2 12,133 145,600 149,968 154,467
Estimated Hours Per Week 20.00
Estimated Rate Per Hour ₦ 70.00
Independent Contractors - - - -
Total Salaries and Wages 11 169,633 2,035,600 2,096,668 2,159,568

Payroll Taxes and Benefits

PAYE 2.20% 3,732 44,783 46,127 47,510
Medicare 1.45% 2,460 29,516 30,402 31,314
Federal Unemployment Tax (FUTA) 0.80% - - - -
State Unemployment Tax (SUTA) 2.70% - - - -
Employee Pension Programs 10.00% 16,963 203,560 203,560 203,560
Worker's Compensation 0.00% - - - -
Employee Health Insurance 0.50% 848 10,178 10,483 10,798
Other Employee Benefit Programs 4.00% 6,785 81,424 83,867 86,383
Total Payroll Taxes and Benefits 30,788 369,461 374,438 379,565

Total Salaries and Related Expenses 200,422 2,405,061 2,471,106 2,539,133

AgroBusiness Consult
Fixed Operating Expenses

Fixed Operating Expenses Monthly Year One Year Two Year Three Notes

Percent Change 3.00% 3.00%

Expenses
Advertising ₦ 100,000.00 1,200,000 1,236,000 1,273,080
Car and Truck Expenses 50,000 600,000 618,000 636,540
Bank & Merchant Fees 10,000 120,000 123,600 127,308
Contract Labor - - - -
Conferences & Seminars 15,000 180,000 185,400 190,962
Customer Discounts and Refunds - - - -
Dues and Subscriptions 5,000 60,000 61,800 63,654
Miscellaneous 50,000 600,000 618,000 636,540
Insurance (Liability and Property) 20,833 250,000 257,500 265,225
Licenses/Fees/Permits 29,167 350,000 360,500 371,315
Legal and Professional Fees 10,000 120,000 123,600 127,308
Office Expenses & Supplies 50,000 600,000 618,000 636,540
Postage and Delivery - - - -
Rent (on business property) - - - -
Rent of Vehicles and Equipment 20,000 240,000 247,200 254,616
Sales & Marketing 50,000 600,000 618,000 636,540
Taxes-Other 20,000 240,000 247,200 254,616
Telephone and Communications 30,000 360,000 370,800 381,924
Travel 50,000 600,000 618,000 636,540
Utilities 25,000 300,000 309,000 318,270
Total Expenses 535,000 6,420,000 6,612,600 6,810,978

Other Expenses
Depreciation 108,452 1,301,429 1,301,429 1,301,429
Interest
Commercial Loan - - - -
Commercial Mortgage - - - -
Line of Credit - - - -
Credit Card Debt - - - -
Vehicle Loans - - - -
Other Bank Debt - - - -
Total Other Expenses 108,452 1,301,429 1,301,429 1,301,429

Total Fixed Operating Expenses 643,452 7,721,429 7,914,029 8,112,407

AgroBusiness Consult
Projected Sales Forecast

Products and Services Assumptions % Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Totals

Flour
Price Per Unit ₦ 9,000.00 100.00%
Variable Cost Per Unit ₦ 4,500.00 50.00%
Gross Margin Per Unit ₦ 4,500.00 50.00%
Projected Unit Sales
Seasonality Factor 3.16% 3.95% 5.56% 6.06% 6.75% 7.33% 8.43% 10.25% ### 11.86% 12.92% 13.18% 100.00%
Year One 120 150 211 230 256 278 320 389 400 450 490 500 3,794
Year Two Growth 25.00% 150 188 264 288 320 348 400 486 500 563 613 625 4,743
Year Three Growth 25.00% 188 234 330 359 400 434 500 608 625 703 766 781 5,928
Overhead Exp Allocation 100.00%

Projected Revenue ₦ 34,146,000.00

Variable Costs 17,073,000
Gross Margin 17,073,000
Overhead Expenses 10,126,490
Profit 6,946,510 20.34%

Breakeven Sales Revenu ₦ 20,252,979.94

Breakeven Sales Units 2,250

Product2
Price Per Unit 100.00%
Variable Cost Per Unit 0.00%
Gross Margin Per Unit ₦ - 0.00%
Projected Unit Sales
Seasonality Factor 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Year One -
Year Two Growth 10.00% - - - - - - - - - - - - -
Year Three Growth 10.00% - - - - - - - - - - - - -
Overhead Exp Allocation 0.00%

Projected Revenue ₦ -
Variable Costs -
Gross Margin -
Overhead Expenses -
Profit - 0.00%

Breakeven Sales Revenu ₦ -

Breakeven Sales Units -
AgroBusiness Consult
Projected Sales Forecast - Page 2

Products and Services Assumptions % Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Totals

By-products/Waste
Price Per Unit 100.00%
Variable Cost Per Unit ₦ - 0.00%
Gross Margin Per Unit ₦ - 0.00%
Projected Unit Sales
Seasonality Factor 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Year One -
Year Two Growth 10.00% - - - - - - - - - - - - -
Year Three Growth 10.00% - - - - - - - - - - - - -
Overhead Exp Allocation 0.00%

Projected Revenue ₦ -
Variable Costs -
Gross Margin -
Overhead Expenses
Profit - 0.00%

Breakeven Sales Revenu ₦ -

Breakeven Sales Units -

Product/Service D
Price Per Unit ₦ - 100.00%
Variable Cost Per Unit ₦ - 0.00%
Gross Margin Per Unit ₦ - 0.00%
Projected Unit Sales
Seasonality Factor 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Year One - - - - - - - - - - - - -
Year Two Growth 10.00% - - - - - - - - - - - - -
Year Three Growth 10.00% - - - - - - - - - - - - -
Overhead Exp Allocation 0.00%

Projected Revenue ₦ -
Variable Costs -
Gross Margin -
Overhead Expenses -
Profit - 0.00%

Breakeven Sales Revenu ₦ -

Breakeven Sales Units -
AgroBusiness Consult
Cash Receipts and Disbursements

Accounts Receivable Collections

Percent of Collections
0 to 30 days 100.00%
31 to 60 days 0.00%
More than 60 days 0.00%
Total Collections Percentage 100.00%

Accounts Payable Disbursements

Number of Days to Pay Suppliers
0 to 30 days 100.00%
31 to 60 days 0.00%
More than 60 days 0.00%
Total Disbursements Percentage 100.00%

Line of Credit Assumptions

Desired Minimum Cash Balance $ -
Line of Credit Interest Rate 8.00%

Income Tax Assumptions

Effective Income Tax Rate 10.00%
1,051,667 87,639
Amortization of Start-Up Expenses 133,333 11,111
Amortization Period in Years 3.00 98,750
AgroBusiness Consult
Projected Income Statement - Year One

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Totals

Income
Flour 1,080,000 1,350,000 1,899,000 2,070,000 2,304,000 2,502,000 2,880,000 3,501,000 3,600,000 4,050,000 4,410,000 4,500,000 34,146,000
Product2 - - - - - - - - - - - - -
-
-
Total Income 1,080,000 1,350,000 1,899,000 2,070,000 2,304,000 2,502,000 2,880,000 3,501,000 3,600,000 4,050,000 4,410,000 4,500,000 34,146,000

Cost of Sales
Flour 540,000 675,000 949,500 1,035,000 1,152,000 1,251,000 1,440,000 1,750,500 1,800,000 2,025,000 2,205,000 2,250,000 17,073,000
Product2 - - - - - - - - - - - - -
-
-
Total Cost of Sales 540,000 675,000 949,500 1,035,000 1,152,000 1,251,000 1,440,000 1,750,500 1,800,000 2,025,000 2,205,000 2,250,000 17,073,000

Gross Margin 540,000 675,000 949,500 1,035,000 1,152,000 1,251,000 1,440,000 1,750,500 1,800,000 2,025,000 2,205,000 2,250,000 17,073,000

Total Salary and Wages 200,422 200,422 200,422 200,422 200,422 200,422 200,422 200,422 200,422 200,422 200,422 200,422 2,405,061

Fixed Business Expenses

Advertising 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 1,200,000
Car and Truck Expenses 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 600,000
Bank & Merchant Fees 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 120,000
Contract Labor - - - - - - - - - - - - -
Conferences & Seminars 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 180,000
Customer Discounts and Refund - - - - - - - - - - - - -
Dues and Subscriptions 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 60,000
Miscellaneous 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 600,000
Insurance (Liability and Property) 20,833 20,833 20,833 20,833 20,833 20,833 20,833 20,833 20,833 20,833 20,833 20,833 250,000
Licenses/Fees/Permits 29,167 29,167 29,167 29,167 29,167 29,167 29,167 29,167 29,167 29,167 29,167 29,167 350,000
Legal and Professional Fees 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 120,000
Office Expenses & Supplies 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 600,000
Postage and Delivery - - - - - - - - - - - - -
Rent (on business property) - - - - - - - - - - - - -
Rent of Vehicles and Equipment 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 240,000
Sales & Marketing 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 600,000
Taxes-Other 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 240,000
Telephone and Communications 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 360,000
Travel 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 600,000
Utilities 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 300,000
Total Fixed Business Expenses 535,000 535,000 535,000 535,000 535,000 535,000 535,000 535,000 535,000 535,000 535,000 535,000 6,420,000

Other Expenses
Amortized Start-up Expenses 98,750 98,750 98,750 98,750 98,750 98,750 98,750 98,750 98,750 98,750 98,750 98,750 1,185,000
AgroBusiness Consult
Projected Income Statement - Year One

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Totals
Depreciation 108,452 108,452 108,452 108,452 108,452 108,452 108,452 108,452 108,452 108,452 108,452 108,452 1,301,429
Interest
Commercial Loan - - - - - - - - - - - - -
Commercial Mortgage - - - - - - - - - - - - -
Line of Credit - - - - - - - - - - - - -
Credit Card Debt - - - - - - - - - - - - -
Vehicle Loans - - - - - - - - - - - - -
Other Bank Debt - - - - - - - - - - - - -
Taxes - - - - 13,213 40,713 59,613 90,663 95,613 118,113 136,113 140,613 694,651
Total Other Expenses 207,202 207,202 207,202 207,202 220,415 247,915 266,815 297,865 302,815 325,315 343,315 347,815 3,181,080

Net Income (402,624) (267,624) 6,876 92,376 196,163 267,663 437,763 717,213 761,763 964,263 1,126,263 1,166,763 5,066,859
AgroBusiness Consult
Projected Cash Flow Statement - Year One

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Totals

Beginning Cash Balance 2,500,000 2,277,578 2,190,156 2,377,235 2,649,813 3,039,391 3,474,044 4,151,622 5,139,700 5,931,391 7,193,969 8,636,547

Cash Inflows
Income from Sales 1,080,000 1,350,000 1,899,000 2,070,000 2,304,000 2,502,000 2,880,000 3,501,000 3,600,000 4,050,000 4,410,000 4,500,000 34,146,000
Accounts Receivable - - - - - - - - - - - - -
Total Cash Inflows 1,080,000 1,350,000 1,899,000 2,070,000 2,304,000 2,502,000 2,880,000 3,501,000 3,600,000 4,050,000 4,410,000 4,500,000 34,146,000

Cash Outflows
Investing Activities
New Fixed Assets Purchases - - - - - - - - - - - - -
Inventory Addition to Bal.She - - - - - - - - - - - - -
Cost of Sales 540,000 675,000 949,500 1,035,000 1,152,000 1,251,000 1,440,000 1,750,500 1,800,000 2,025,000 2,205,000 2,250,000 17,073,000
Operating Activities
Salaries and Wages 200,422 200,422 200,422 200,422 200,422 200,422 200,422 200,422 200,422 200,422 200,422 200,422 2,405,061
Fixed Business Expenses 535,000 535,000 535,000 535,000 535,000 535,000 535,000 535,000 535,000 535,000 535,000 535,000 6,420,000
Taxes - - - - - 53,926 - - 245,888 - - 394,838 694,651
Financing Activities -
Loan Payments 27,000 27,000 27,000 27,000 27,000 27,000 27,000 27,000 27,000 27,000 27,000 27,000 324,000
Line of Credit Interest - - - - - - - - - - - - -
Line of Credit Repayments - - - - - - - - - - - - -
Dividends Paid - - - - - - - - - - - - -
Total Cash Outflows 1,302,422 1,437,422 1,711,922 1,797,422 1,914,422 2,067,347 2,202,422 2,512,922 2,808,310 2,787,422 2,967,422 3,407,260 26,916,712

Cash Flow (222,422) (87,422) 187,078 272,578 389,578 434,653 677,578 988,078 791,690 1,262,578 1,442,578 1,092,740 7,229,288

Operating Cash Balance 2,277,578 2,190,156 2,377,235 2,649,813 3,039,391 3,474,044 4,151,622 5,139,700 5,931,391 7,193,969 8,636,547 9,729,288

Line of Credit Drawdowns - - - - - - - - - - - - -

Ending Cash Balance 2,277,578 2,190,156 2,377,235 2,649,813 3,039,391 3,474,044 4,151,622 5,139,700 5,931,391 7,193,969 8,636,547 9,729,288

Line of Credit Balance - - - - - - - - - - - -

AgroBusiness Consult
Balance Sheet - Year One

Base Period End of Year One

Assets
Current Assets
Cash 2,500,000 9,729,288
Accounts Receivable - -
Inventory 100,000 100,000
Prepaid Expenses 3,155,000 2,103,333
Other Current 400,000 266,667
Total Current Assets 6,155,000 12,199,288

Fixed Assets
Farm-Land 600,000 600,000
Buildings 1,500,000 1,500,000
Leasehold Improvements - -
Equipment 3,895,000 3,895,000
Furniture and Fixtures 350,000 350,000
Vehicles 2,500,000 2,500,000
Other Fixed Assets 500,000 500,000
Total Fixed Assets 9,345,000 9,345,000

Less: Accumulated Depreciation - 1,301,429

Total Assets 15,500,000 20,242,859

Liabilities and Owner's Equity

Liabilities
Accounts Payable - -
Loan Payable (1,680,000) (1,920,000)
Mortgage Payable 1,680,000 1,596,000
Credit Card Debt - -
Vehicle Loans - -
Other Bank Debt - -
Line of Credit Balance - -
Total Liabilities - (324,000)

Owner's Equity
Common Stock 15,500,000 15,500,000
Retained Earnings - 5,066,859
Dividends Dispersed - -
Total Owner's Equity 15,500,000 20,566,859
AgroBusiness Consult
Balance Sheet - Year One

Base Period End of Year One

Total Liabilities and Owner's Equity 15,500,000 20,242,859

Statement Balances Statement Balances

AgroBusiness Consult
Year End Summary

Year One % Year Two % Year Three %

Income
Flour 34,146,000 42,682,500 53,353,125
Product2 - - -
- - -
- - -
Total Income 34,146,000 100.00% 42,682,500 100.00% 53,353,125 100.00%

Cost of Sales
Flour 17,073,000 21,341,250 26,676,563
Product2 - - -
- - -
- - -
Total Cost of Sales 17,073,000 50.00% 21,341,250 50.00% 26,676,563 50.00%

Gross Margin 17,073,000 50.00% 21,341,250 50.00% 26,676,563 50.00%

Total Salary and Wages 2,405,061 7.04% 2,471,106 5.79% 2,539,133 4.76%

Fixed Business Expenses

Advertising 1,200,000 1,236,000 1,273,080
Car and Truck Expenses 600,000 618,000 636,540
Bank & Merchant Fees 120,000 123,600 127,308
Contract Labor - - -
Conferences & Seminars 180,000 185,400 190,962
Customer Discounts and Refunds - - -
Dues and Subscriptions 60,000 61,800 63,654
Miscellaneous 600,000 618,000 636,540
Insurance (Liability and Property) 250,000 257,500 265,225
Licenses/Fees/Permits 350,000 360,500 371,315
Legal and Professional Fees 120,000 123,600 127,308
Office Expenses & Supplies 600,000 618,000 636,540
Postage and Delivery - - -
Rent (on business property) - - -
Rent of Vehicles and Equipment 240,000 247,200 254,616
Sales & Marketing 600,000 618,000 636,540
Taxes-Other 240,000 247,200 254,616
Telephone and Communications 360,000 370,800 381,924
Travel 600,000 618,000 636,540
Utilities 300,000 309,000 318,270
Total Fixed Business Expenses 6,420,000 18.80% 6,612,600 15.49% 6,810,978 12.77%

Operating Income (before Other Expenses 8,247,939 24.15% 12,257,544 28.72% 17,326,452 32.48%
[EBITDA]
AgroBusiness Consult
Year End Summary

Year One % Year Two % Year Three %

Other Expenses
Amortized Start-up Expenses 1,185,000 1,185,000 1,185,000
Depreciation 1,301,429 1,301,429 1,301,429
Interest
Commercial Loan - - -
Commercial Mortgage - - -
Line of Credit - - - -
Credit Card Debt - - -
Vehicle Loans - - -
Other Bank Debt - - -
Taxes 694,651 1,095,611 1,602,502
Total Other Expenses 3,181,080 9.32% 3,582,040 8.39% 4,088,931 7.66%

Net Income 5,066,859 14.84% 8,675,503 20.33% 13,237,521 24.81%

AgroBusiness Consult
Projected Income Statement - Year Two

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Totals

Income
Flour 1,350,000 1,687,500 2,373,750 2,587,500 2,880,000 3,127,500 3,600,000 4,376,250 4,500,000 5,062,500 5,512,500 5,625,000 42,682,500
Product2 - - - - - - - - - - - - -
-
-
Total Income 1,350,000 1,687,500 2,373,750 2,587,500 2,880,000 3,127,500 3,600,000 4,376,250 4,500,000 5,062,500 5,512,500 5,625,000 42,682,500

Cost of Sales
Flour 675,000 843,750 1,186,875 1,293,750 1,440,000 1,563,750 1,800,000 2,188,125 2,250,000 2,531,250 2,756,250 2,812,500 21,341,250
Product2 - - - - - - - - - - - - -
-
-
Total Cost of Sales 675,000 843,750 1,186,875 1,293,750 1,440,000 1,563,750 1,800,000 2,188,125 2,250,000 2,531,250 2,756,250 2,812,500 21,341,250

Gross Margin 675,000 843,750 1,186,875 1,293,750 1,440,000 1,563,750 1,800,000 2,188,125 2,250,000 2,531,250 2,756,250 2,812,500 21,341,250

Total Salary and Wages 205,926 205,926 205,926 205,926 205,926 205,926 205,926 205,926 205,926 205,926 205,926 205,926 2,471,106

Fixed Business Expenses

Advertising 103,000 103,000 103,000 103,000 103,000 103,000 103,000 103,000 103,000 103,000 103,000 103,000 1,236,000
Car and Truck Expenses 51,500 51,500 51,500 51,500 51,500 51,500 51,500 51,500 51,500 51,500 51,500 51,500 618,000
Bank & Merchant Fees 10,300 10,300 10,300 10,300 10,300 10,300 10,300 10,300 10,300 10,300 10,300 10,300 123,600
Contract Labor - - - - - - - - - - - - -
Conferences & Seminars 15,450 15,450 15,450 15,450 15,450 15,450 15,450 15,450 15,450 15,450 15,450 15,450 185,400
Customer Discounts and Refund - - - - - - - - - - - - -
Dues and Subscriptions 5,150 5,150 5,150 5,150 5,150 5,150 5,150 5,150 5,150 5,150 5,150 5,150 61,800
Miscellaneous 51,500 51,500 51,500 51,500 51,500 51,500 51,500 51,500 51,500 51,500 51,500 51,500 618,000
Insurance (Liability and Property) 21,458 21,458 21,458 21,458 21,458 21,458 21,458 21,458 21,458 21,458 21,458 21,458 257,500
Licenses/Fees/Permits 30,042 30,042 30,042 30,042 30,042 30,042 30,042 30,042 30,042 30,042 30,042 30,042 360,500
Legal and Professional Fees 10,300 10,300 10,300 10,300 10,300 10,300 10,300 10,300 10,300 10,300 10,300 10,300 123,600
Office Expenses & Supplies 51,500 51,500 51,500 51,500 51,500 51,500 51,500 51,500 51,500 51,500 51,500 51,500 618,000
Postage and Delivery - - - - - - - - - - - - -
Rent (on business property) - - - - - - - - - - - - -
Rent of Vehicles and Equipment 20,600 20,600 20,600 20,600 20,600 20,600 20,600 20,600 20,600 20,600 20,600 20,600 247,200
Sales & Marketing 51,500 51,500 51,500 51,500 51,500 51,500 51,500 51,500 51,500 51,500 51,500 51,500 618,000
Taxes-Other 20,600 20,600 20,600 20,600 20,600 20,600 20,600 20,600 20,600 20,600 20,600 20,600 247,200
Telephone and Communications 30,900 30,900 30,900 30,900 30,900 30,900 30,900 30,900 30,900 30,900 30,900 30,900 370,800
Travel 51,500 51,500 51,500 51,500 51,500 51,500 51,500 51,500 51,500 51,500 51,500 51,500 618,000
Utilities 25,750 25,750 25,750 25,750 25,750 25,750 25,750 25,750 25,750 25,750 25,750 25,750 309,000
Total Fixed Business Expenses 551,050 551,050 551,050 551,050 551,050 551,050 551,050 551,050 551,050 551,050 551,050 551,050 6,612,600

Other Expenses
Amortized Start-up Expenses 98,750 98,750 98,750 98,750 98,750 98,750 98,750 98,750 98,750 98,750 98,750 98,750 1,185,000
AgroBusiness Consult
Projected Income Statement - Year Two

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Totals
Depreciation 108,452 108,452 108,452 108,452 108,452 108,452 108,452 108,452 108,452 108,452 108,452 108,452 1,301,429
Interest
Commercial Loan - - - - - - - - - - - - -
Commercial Mortgage - - - - - - - - - - - - -
Line of Credit - - - - - - - - - - - - -
Credit Card Debt - - - - - - - - - - - - -
Vehicle Loans - - - - - - - - - - - - -
Other Bank Debt - - - - - - - - - - - - -
Taxes - - 10,934 42,832 57,457 69,832 93,457 132,270 138,457 166,582 189,082 194,707 1,095,611
Total Other Expenses 207,202 207,202 218,137 250,035 264,660 277,035 300,660 339,472 345,660 373,785 396,285 401,910 3,582,040

Net Income (289,178) (120,428) 211,763 286,740 418,365 529,740 742,365 1,091,677 1,147,365 1,400,490 1,602,990 1,653,615 8,675,503
AgroBusiness Consult
Projected Cash Flow Statement - Year Two

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Totals

Beginning Cash Balance 9,729,288 9,620,312 9,680,087 10,072,052 10,581,826 11,237,851 11,847,504 12,863,528 14,267,678 15,369,518 17,116,792 19,089,067

Cash Inflows
Income from Sales 1,350,000 1,687,500 2,373,750 2,587,500 2,880,000 3,127,500 3,600,000 4,376,250 4,500,000 5,062,500 5,512,500 5,625,000 42,682,500
Accounts Receivable - - - - - - - - - - - - -
Total Cash Inflows 1,350,000 1,687,500 2,373,750 2,587,500 2,880,000 3,127,500 3,600,000 4,376,250 4,500,000 5,062,500 5,512,500 5,625,000 42,682,500

Cash Outflows
Investing Activities
New Fixed Assets Purchases - - - - - - - - - - - - -
Inventory Addition to Bal. She - - - - - - - - - - - - -
Cost of Sales 675,000 843,750 1,186,875 1,293,750 1,440,000 1,563,750 1,800,000 2,188,125 2,250,000 2,531,250 2,756,250 2,812,500 21,341,250
Operating Activities
Salaries and Wages 205,926 205,926 205,926 205,926 205,926 205,926 205,926 205,926 205,926 205,926 205,926 205,926 2,471,106
Fixed Business Expenses 551,050 551,050 551,050 551,050 551,050 551,050 551,050 551,050 551,050 551,050 551,050 551,050 6,612,600
Taxes - - 10,934 - - 170,122 - - 364,184 - - 550,372 1,095,611
Financing Activities -
Loan Payments 27,000 27,000 27,000 27,000 27,000 27,000 27,000 27,000 27,000 27,000 27,000 27,000 324,000
Line of Credit Interest - - - - - - - - - - - - -
Line of Credit Repayments - - - - - - - - - - - - -
Dividends Paid - - - - - - - - - - - - -
Total Cash Outflows 1,458,976 1,627,726 1,981,785 2,077,726 2,223,976 2,517,847 2,583,976 2,972,101 3,398,160 3,315,226 3,540,226 4,146,847 31,844,568

Cash Flow (108,976) 59,774 391,965 509,774 656,024 609,653 1,016,024 1,404,149 1,101,840 1,747,274 1,972,274 1,478,153 10,837,932

Operating Cash Balance 9,620,312 9,680,087 10,072,052 10,581,826 11,237,851 11,847,504 12,863,528 14,267,678 15,369,518 17,116,792 19,089,067 20,567,220

Line of Credit Drawdowns - - - - - - - - - - - - -

Ending Cash Balance 9,620,312 9,680,087 10,072,052 10,581,826 11,237,851 11,847,504 12,863,528 14,267,678 15,369,518 17,116,792 19,089,067 20,567,220

Line of Credit Balance - - - - - - - - - - - -

AgroBusiness Consult
Balance Sheet - Year Two

End of Year One End of Year Two

Assets
Current Assets
Cash 9,729,288 20,567,220
Accounts Receivable - -
Inventory 100,000 100,000
Prepaid Expenses 2,103,333 1,051,667
Other Current 266,667 133,333
Total Current Assets 12,199,288 21,852,220

Fixed Assets
Farm-Land 600,000 600,000
Buildings 1,500,000 1,500,000
Leasehold Improvements - -
Equipment 3,895,000 3,895,000
Furniture and Fixtures 350,000 350,000
Vehicles 2,500,000 2,500,000
Other Fixed Assets 500,000 500,000
Total Fixed Assets 9,345,000 9,345,000

Less: Accumulated Depreciation 1,301,429 2,602,857

Total Assets 20,242,859 28,594,362

Liabilities and Owner's Equity

Liabilities
Accounts Payable - -
Notes Payable (1,920,000) (2,160,000)
Mortgage Payable 1,596,000 1,512,000
Credit Card Debt - -
Vehicle Loans - -
Other Bank Debt - -
Line of Credit Balance - -
Total Liabilities (324,000) (648,000)

Owner's Equity
Common Stock 15,500,000 15,500,000
Retained Earnings 5,066,859 13,742,363
Dividends Dispersed - -
Total Owner's Equity 20,566,859 29,242,363
AgroBusiness Consult
Balance Sheet - Year Two

End of Year One End of Year Two

Total Liabilities and Owner's Equity 20,242,859 28,594,362

Statement Balances Statement Balances

AgroBusiness Consult
Projected Income Statement - Year Three

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Totals

Income
Flour 1,687,500 2,109,375 2,967,188 3,234,375 3,600,000 3,909,375 4,500,000 5,470,313 5,625,000 6,328,125 6,890,625 7,031,250 53,353,125
Product2 - - - - - - - - - - - - -
-
-
Total Income 1,687,500 2,109,375 2,967,188 3,234,375 3,600,000 3,909,375 4,500,000 5,470,313 5,625,000 6,328,125 6,890,625 7,031,250 53,353,125

Cost of Sales
Flour 843,750 1,054,688 1,483,594 1,617,188 1,800,000 1,954,688 2,250,000 2,735,156 2,812,500 3,164,063 3,445,313 3,515,625 26,676,563
Product2 - - - - - - - - - - - - -
-
-
Total Cost of Sales 843,750 1,054,688 1,483,594 1,617,188 1,800,000 1,954,688 2,250,000 2,735,156 2,812,500 3,164,063 3,445,313 3,515,625 26,676,563

Gross Margin 843,750 1,054,688 1,483,594 1,617,188 1,800,000 1,954,688 2,250,000 2,735,156 2,812,500 3,164,063 3,445,313 3,515,625 26,676,563

Total Salary and Wages 211,594 211,594 211,594 211,594 211,594 211,594 211,594 211,594 211,594 211,594 211,594 211,594 2,539,133

Fixed Business Expenses

Advertising 106,090 106,090 106,090 106,090 106,090 106,090 106,090 106,090 106,090 106,090 106,090 106,090 1,273,080
Car and Truck Expenses 53,045 53,045 53,045 53,045 53,045 53,045 53,045 53,045 53,045 53,045 53,045 53,045 636,540
Bank & Merchant Fees 10,609 10,609 10,609 10,609 10,609 10,609 10,609 10,609 10,609 10,609 10,609 10,609 127,308
Contract Labor - - - - - - - - - - - - -
Conferences & Seminars 15,914 15,914 15,914 15,914 15,914 15,914 15,914 15,914 15,914 15,914 15,914 15,914 190,962
Customer Discounts and Refund - - - - - - - - - - - - -
Dues and Subscriptions 5,305 5,305 5,305 5,305 5,305 5,305 5,305 5,305 5,305 5,305 5,305 5,305 63,654
Miscellaneous 53,045 53,045 53,045 53,045 53,045 53,045 53,045 53,045 53,045 53,045 53,045 53,045 636,540
Insurance (Liability and Property) 22,102 22,102 22,102 22,102 22,102 22,102 22,102 22,102 22,102 22,102 22,102 22,102 265,225
Licenses/Fees/Permits 30,943 30,943 30,943 30,943 30,943 30,943 30,943 30,943 30,943 30,943 30,943 30,943 371,315
Legal and Professional Fees 10,609 10,609 10,609 10,609 10,609 10,609 10,609 10,609 10,609 10,609 10,609 10,609 127,308
Office Expenses & Supplies 53,045 53,045 53,045 53,045 53,045 53,045 53,045 53,045 53,045 53,045 53,045 53,045 636,540
Postage and Delivery - - - - - - - - - - - - -
Rent (on business property) - - - - - - - - - - - - -
Rent of Vehicles and Equipment 21,218 21,218 21,218 21,218 21,218 21,218 21,218 21,218 21,218 21,218 21,218 21,218 254,616
Sales & Marketing 53,045 53,045 53,045 53,045 53,045 53,045 53,045 53,045 53,045 53,045 53,045 53,045 636,540
Taxes-Other 21,218 21,218 21,218 21,218 21,218 21,218 21,218 21,218 21,218 21,218 21,218 21,218 254,616
Telephone and Communications 31,827 31,827 31,827 31,827 31,827 31,827 31,827 31,827 31,827 31,827 31,827 31,827 381,924
Travel 53,045 53,045 53,045 53,045 53,045 53,045 53,045 53,045 53,045 53,045 53,045 53,045 636,540
Utilities 26,523 26,523 26,523 26,523 26,523 26,523 26,523 26,523 26,523 26,523 26,523 26,523 318,270
Total Fixed Business Expenses 567,582 567,582 567,582 567,582 567,582 567,582 567,582 567,582 567,582 567,582 567,582 567,582 6,810,978

Other Expenses
Amortized Start-up Expenses 98,750 98,750 98,750 98,750 98,750 98,750 98,750 98,750 98,750 98,750 98,750 98,750 1,185,000
AgroBusiness Consult
Projected Income Statement - Year Three

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Totals
Depreciation 108,452 108,452 108,452 108,452 108,452 108,452 108,452 108,452 108,452 108,452 108,452 108,452 1,301,429
Interest
Commercial Loan - - - - - - - - - - - - -
Commercial Mortgage - - - - - - - - - - - - -
Line of Credit - - - - - - - - - - - - -
Credit Card Debt - - - - - - - - - - - - -
Vehicle Loans - - - - - - - - - - - - -
Other Bank Debt - - - - - - - - - - - - -
Taxes - 12,318 59,597 72,956 91,237 106,706 136,237 184,753 192,487 227,643 255,768 262,800 1,602,502
Total Other Expenses 207,202 219,520 266,799 280,158 298,440 313,908 343,440 391,955 399,690 434,846 462,971 470,002 4,088,931

Net Income (142,628) 55,991 437,619 557,853 722,385 861,603 1,127,385 1,564,025 1,633,635 1,950,041 2,203,166 2,266,447 13,237,521
AgroBusiness Consult
Projected Cash Flow Statement - Year Three

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Totals

Beginning Cash Balance 20,567,220 20,604,794 20,853,305 21,458,809 22,269,820 23,263,644 24,141,257 25,585,081 27,514,061 29,006,908 31,364,795 34,003,931

Cash Inflows
Income from Sales 1,687,500 2,109,375 2,967,188 3,234,375 3,600,000 3,909,375 4,500,000 5,470,313 5,625,000 6,328,125 6,890,625 7,031,250 53,353,125
Accounts Receivable - - - - - - - - - - - - -
Total Cash Inflows 1,687,500 2,109,375 2,967,188 3,234,375 3,600,000 3,909,375 4,500,000 5,470,313 5,625,000 6,328,125 6,890,625 7,031,250 53,353,125

Cash Outflows
Investing Activities
New Fixed Assets Purchases - - - - - - - - - - - - -
Inventory Addition to Bal.She - - - - - - - - - - - - -
Cost of Sales 843,750 1,054,688 1,483,594 1,617,188 1,800,000 1,954,688 2,250,000 2,735,156 2,812,500 3,164,063 3,445,313 3,515,625 26,676,563
Operating Activities
Salaries and Wages 211,594 211,594 211,594 211,594 211,594 211,594 211,594 211,594 211,594 211,594 211,594 211,594 2,539,133
Fixed Business Expenses 567,582 567,582 567,582 567,582 567,582 567,582 567,582 567,582 567,582 567,582 567,582 567,582 6,810,978
Taxes - - 71,915 - - 270,899 - - 513,477 - - 746,212 1,602,502
Financing Activities -
Loan Payments 27,000 27,000 27,000 27,000 27,000 27,000 27,000 27,000 27,000 27,000 27,000 27,000 324,000
Line of Credit Interest - - - - - - - - - - - - -
Line of Credit Repayments - - - - - - - - - - - - -
Dividends Paid - - - - - - - - - - - - -
Total Cash Outflows 1,649,926 1,860,863 2,361,684 2,423,363 2,606,176 3,031,762 3,056,176 3,541,332 4,132,153 3,970,238 4,251,488 5,068,012 37,953,176

Cash Flow 37,574 248,512 605,503 811,012 993,824 877,613 1,443,824 1,928,980 1,492,847 2,357,887 2,639,137 1,963,238 15,399,949

Operating Cash Balance 20,604,794 20,853,305 21,458,809 22,269,820 23,263,644 24,141,257 25,585,081 27,514,061 29,006,908 31,364,795 34,003,931 35,967,169

Line of Credit Drawdowns - - - - - - - - - - - - -

Ending Cash Balance 20,604,794 20,853,305 21,458,809 22,269,820 23,263,644 24,141,257 25,585,081 27,514,061 29,006,908 31,364,795 34,003,931 35,967,169

Line of Credit Balance - - - - - - - - - - - -

AgroBusiness Consult
Balance Sheet - Year Three

End of Year Two End of Year Three

Assets
Current Assets
Cash 20,567,220 35,967,169
Accounts Receivable - -
Inventory 100,000 100,000
Prepaid Expenses 1,051,667 (0)
Other Current 133,333 (0)
Total Current Assets 21,852,220 36,067,169

Fixed Assets
Farm-Land 600,000 600,000
Buildings 1,500,000 1,500,000
Leasehold Improvements - -
Equipment 3,895,000 3,895,000
Furniture and Fixtures 350,000 350,000
Vehicles 2,500,000 2,500,000
Other Fixed Assets 500,000 500,000
Total Fixed Assets 9,345,000 9,345,000

Less: Accumulated Depreciation 2,602,857 3,904,286

Total Assets 28,594,362 41,507,883

Liabilities and Owner's Equity

Liabilities
Accounts Payable - -
Notes Payable (2,160,000) (2,400,000)
Mortgage Payable 1,512,000 1,428,000
Credit Card Debt - -
Vehicle Loans - -
Other Bank Debt - -
Line of Credit Balance - -
Total Liabilities (648,000) (972,000)

Owner's Equity
Common Stock 15,500,000 15,500,000
Retained Earnings 13,742,363 26,979,883
Dividends Dispersed - -
Total Owner's Equity 29,242,363 42,479,883
AgroBusiness Consult
Balance Sheet - Year Three

End of Year Two End of Year Three

Total Liabilities and Owner's Equity 28,594,362 41,507,883

Statement Balances Statement Balances

AgroBusiness Consult
Financial Ratios

Ratio Year One Year Two Year Three RMA Industry Norms
Liquidity
Current Ratio -37.7 -33.7 -37.1
Quick Ratio -30.0 -31.7 -37.0
Safety
Debt to Equity Ratio 0.0 0.0 0.0
Debt to Coverage Ratio -19.7 -15.4 -15.0
Profitability
Sales Growth 0.0% 25.0% 25.0%
COGS to Sales 50.0% 50.0% 50.0%
Gross Profit Margin 50.0% 50.0% 50.0%
SG&A to Sales 25.8% 21.3% 17.5%
Net Profit Margin 14.8% 20.3% 24.8%
Return on Equity 24.6% 29.7% 31.2%
Return on Assets 25.0% 30.3% 31.9%
Owner's Compensation to Sales 1.2% 1.0% 0.8%
Efficiency
Days in Receivables 0.0 0.0 0.0
Accounts Receivable Turnover 0.0 0.0 0.0
Days in Inventory 2.1 1.7 1.3
Inventory Turnover 170.7 213.4 266.8
Sales to Total Assets 1.7 1.5 1.3
AgroBusiness Consult
Breakeven Analysis

Breakeven Analysis Dollars Percent

Annual Sales Revenue ₦ 34,146,000.00 100.00%
Cost of Sales 17,073,000 50.00%
Gross Margin 17,073,000 50.00%

Salaries and Wages 2,405,061

Fixed Operating Expenses 7,721,429
Total Fixed Business Expenses 10,126,490

Breakeven Sales Calculation 10,126,490

50.00%

Breakeven Sales in Dollars ₦ 20,252,979.94

AgroBusiness Consult
Amortization Schedule

Loan Type Assumptions Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Totals

Commercial Loan
Principal Amount $ (1,680,000)
Interest Rate 0.00%
Loan Term in Months 84.00
Monthly Payment Amou $20,000.00

Year One
Interest - - - - - - - - - - - - -
Principal 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 240,000
Loan Balance (1,700,000) (1,720,000) (1,740,000) (1,760,000) (1,780,000) (1,800,000) (1,820,000) (1,840,000) (1,860,000) (1,880,000) (1,900,000) (1,920,000)
Year Two
Interest - - - - - - - - - - - - -
Principal 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 240,000
Loan Balance (1,940,000) (1,960,000) (1,980,000) (2,000,000) (2,020,000) (2,040,000) (2,060,000) (2,080,000) (2,100,000) (2,120,000) (2,140,000) (2,160,000)
Year Three
Interest - - - - - - - - - - - - -
Principal 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 240,000
Loan Balance (2,180,000) (2,200,000) (2,220,000) (2,240,000) (2,260,000) (2,280,000) (2,300,000) (2,320,000) (2,340,000) (2,360,000) (2,380,000) (2,400,000)

Commercial Mortgage
Principal Amount $ 1,680,000.00
Interest Rate 0.00%
Loan Term in Months 240.00
Monthly Payment Amou $7,000.00

Year One
Interest - - - - - - - - - - - - -
Principal 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 84,000
Loan Balance 1,673,000 1,666,000 1,659,000 1,652,000 1,645,000 1,638,000 1,631,000 1,624,000 1,617,000 1,610,000 1,603,000 1,596,000
Year Two
Interest - - - - - - - - - - - - -
Principal 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 84,000
Loan Balance 1,589,000 1,582,000 1,575,000 1,568,000 1,561,000 1,554,000 1,547,000 1,540,000 1,533,000 1,526,000 1,519,000 1,512,000
Year Three
Interest - - - - - - - - - - - - -
Principal 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 84,000
Loan Balance 1,505,000 1,498,000 1,491,000 1,484,000 1,477,000 1,470,000 1,463,000 1,456,000 1,449,000 1,442,000 1,435,000 1,428,000

Credit Card Debt

 Principal Amount $ -
Interest Rate 0.00%
Loan Term in Months 60.00
Monthly Payment Amou $0.00

Year One
Interest - - - - - - - - - - - - -
Principal - - - - - - - - - - - - -
Loan Balance - - - - - - - - - - - -
Year Two
Interest - - - - - - - - - - - - -
Principal - - - - - - - - - - - - -
Loan Balance - - - - - - - - - - - -
Year Three
Interest - - - - - - - - - - - - -
Principal - - - - - - - - - - - - -
Loan Balance - - - - - - - - - - - -

Vehicle Loans
Principal Amount $ -
Interest Rate 0.00%
Loan Term in Months 48.00
Monthly Payment Amou $0.00

Year One
Interest - - - - - - - - - - - - -
Principal - - - - - - - - - - - - -
Loan Balance - - - - - - - - - - - -
Year Two
Interest - - - - - - - - - - - - -
Principal - - - - - - - - - - - - -
Loan Balance - - - - - - - - - - - -
Year Three
Interest - - - - - - - - - - - - -
Principal - - - - - - - - - - - - -
Loan Balance - - - - - - - - - - - -

Other Bank Debt

Principal Amount $ -
Interest Rate 0.00%
Loan Term in Months 36.00
Monthly Payment Amou $0.00

Year One
Interest - - - - - - - - - - - - -
Principal - - - - - - - - - - - - -
Loan Balance - - - - - - - - - - - -
Year Two
Interest - - - - - - - - - - - - -
 Principal - - - - - - - - - - - - -
Loan Balance - - - - - - - - - - - -
Year Three
Interest - - - - - - - - - - - - -
Principal - - - - - - - - - - - - -
Loan Balance - - - - - - - - - - - -
AgroBusiness Consult
Financial Diagnostics
This sheet performs a few tests on your numbers to see if they seem within certain reasonable ranges.
Remember, no computer can tell whether your projections are truly well-constructed, only a human can do that.
But these tests can at least look for values that are critically out of range.
Financial Diagnostics
General Financing Assumptions
Owner's Cash Injection into the Business
Cash Request as percent of Total Required Fund
Loan Assumptions
Commercial Loan Interest rate
Commercial Loan Term in Months
Commercial Mortgage Interest rate
Commercial Mortgage Term in Months
Loan Payments as a Percent of Projected Sales
Income Statement
Gross Margin as a Percent of Sales
Owner's Compensation Lower Limit Check
Owner's Compensation Upper Limit Check
Advertising Expense Levels as a Percent of Sale
Profitability Levels
Profitability as a Percent of Sales
Cash Flow Statement
Desired Operating cash Flow Levels
Line of Credit Drawdowns
Accounts Receivable Ratio to Sales
Balance Sheet
Does the Base Period Balance Sheet Balance?
Does the Final Balance Sheet Balance
Debt to Equity Ratio
Breakeven Analysis
Breakeven Levels
Value Findings
3.2% Owner's injection might be too low in relation to the amount of money needed
16.1% Cash request seems reasonable with respect to total request
0.0% Interest rate may be too low for the type of loan requested
84 Loan term seems within range for this type of loan
0.0% Interest rate may be too low for type of loan requested
240 Loan term seems within range for this type of loan
0.1% Calculated loan payments as a percent of sales seem resonable
50.0% Gross margin percentage seems reasonable
$ 420,000 An owner's compensation amount has been established
8.3% Owner's compensation seems reasonable
3.5% Advertising as a percent of sales may be too low
$ 5,066,859 The business is showing a profit
14.8% The projection does not seem highly unreasonable
$ - The financial projection provides the desired level of cash flow
$ - The business doesn't seem to require a line of credit
0.0% Accounts receivable amount as a percent of sales seems reasonable
- The balance sheet does balance
- The balance sheet does balance
-1.6% The debt to equity ratio seems reasonable
$ 13,893,020 The sales projection exceeds the projected break-even sales level