A Fixed Assets CIF WITH WITHOUT

1 Building 4,000,000 4,000,000 4,000,000

2 250 kva Generator 80,000 80,400 84,000
3 500 kva Generator 200,000 201,000 210,000
4 Communication Equipment 150,000 150,750 157,500
5 Office Equipment 125,000 125,625 131,250
6 Specialized Vehicles 300,000 301,500 315,000
7 Kitchen Equipment & Utensils 85,000 85,425 89,250
8 Laundry Equipment 50,000 50,250 52,500
9 Furniture & Fixture 1,000,000 1,005,000 1,050,000
10 Air Conditioner (200 Sets) 75,000 75,375 78,750
11 Bathroom Sets (100) 50,000 50,250 52,500
12 Mini Icebox (150 pcs.) 25,000 25,125 26,250
13 Crane for Cleaning 150,000 150,750 157,500
14 Spare Parts 629,000 632,145 660,450
Sub- Total 6,919,000 6,953,595 7,264,950

B. Working Capital
1 Cosumables/Restaurant Supplies 250,000 251,250.00 262,500.00
2 Bed Sheets, Beddings & Towers 212,450 213,512.25 223,072.50
3 Salary/wages 103,785 103,785 103,785
4 Repairs & Maintenance 74,250 74,250 74,250
5 Fuel/Lubricant 86,488 86,488 86,488
6 Insurance 19,000 19,000 19,000
7 Advertisement 15,000 15,000 15,000
8 Office Supplies 20,000 20,000 20,000
9 Training 25,027 25,027 25,027
10 Miscallaneous 50,000 50,000 50,000
Sub-Total 856,000 856,000 856,000

C. Pre-Operational Cost
1 Documentation 25,000 25,000 25,000
2 Professional Services 125,000 125,000 125,000
3 Travels 75,000 75,000 75,000
Sub-Total 225,000 225,000 225,000

D. Total Investment Size 8,000,000 8,034,595 8,345,950

 Manpower Requirement

No. Nationality Annual salary

I. Administration Positions
1 General Manager 1 Expatriate 54,000
2 Technical Manager 1 Expatriate 48,000
3 Operations Manager 1 Expatriate 48,000
4 Comptroller 1 Expatriate 48,000
5 Chief Dietician 1 Liberian 42,000
6 Human Resource Manager 1 Liberian 36,000
7 Public Relations/Marketing Manager 1 Liberian 36,000
8 Maintenance Manager 1 Liberian 36,000
9 Accountant 1 Liberian 24,000
10 Bookkeeper 6 Liberian 43,000
11 IT Personnel 4 Liberian 28,000
12 Secretary 4 Liberian 24,000
13 security 6 Liberian 21,000
14 Driver 6 Liberian 21,600
15 Maintenance Staff 10 Liberian 24,000
Sub-Total 45 533,600

II. Hotel
1 Manager 1 Expatriate 48,000
2 Desk Staff 5 Liberian 12,000
3 Shop Keeper 5 Liberian 13,500
4 House Keeping Staff 20 Liberian 48,000
5 Sales Staff 5 Liberian 13,500
6 Room Service 10 Liberian 21,000
7 Door Man 5 Liberian 8,400
Sub-Total 51 164,400

III. Restaurant
1 Manger 1 Expatriate 48,000
2 Hostess 15 Liberian 27,000
3 Cashier 8 Liberian 19,200
4 Bar Tender 6 Liberian 12,600
5 Wait Staff 20 Liberian 36,000
6 Bus Boys 6 Liberian 9,000
Sub-Total 56 151,800

Grand Total 152 849,800

 Production Program

No. Room Type No. of Rooms Price/Night (USD)

1 Standard Double Room 30 130
2 Twin Room 20 200
3 Executive Suite 15 300
4 Single Room 25 120
Total 90

Revenue Projection

No. Room Type No. of Rooms Revenue/Year (USD)

1 Standard Double Room 30 1,404,000
2 Twin Room 20 1,440,000 Occupancy 3,326,400
3 Executive Suite 15 1,620,000 Foor & Beverages 665,280
4 Single Room 25 1,080,000 Banquet Hall 332,640
Total 90 5,544,000 4,324,320
 Revenue

Yr. 1 Yr. 2 Yr. 3 Yr. 4 Yr. 5

1 Occupancy 3,326,400 3,891,888 4,537,941 5,291,240 6,169,585
2 Foor & Beverages 665,280 778,378 907,588 1,058,248 1,233,917
3 Banquet Hall 332,640 389,189 453,794 529,124 616,959
Gross Revenue 4,324,320 5,059,454 5,899,324 6,878,612 8,020,461
 DEPRECIATION

No. Fixed Assets CIF Rate(%) Depreciation

1 Building 4,000,000 2.5 100,000
2 250 kva Generator 80,000 33.3 26,640
3 500 kva Generator 200,000 33.3 66,600
4 Communication Equipment 150,000 20 30,000
5 Office Equipment 125,000 20 25,000
6 Specialized Vehicles 300,000 33.3 99,900
7 Kitchen Equipment & Utensils 85,000 20 17,000
8 Laundry Equipment 50,000 20 10,000
9 Furniture & Fixture 1,000,000 16.7 167,000
10 Air Conditioner (200 Sets) 75,000 20 15,000
11 Bathroom Sets (100) 50,000 20 10,000
12 Mini Icebox (150 pcs.) 25,000 20 5,000
13 Crane for Cleaning 150,000 33.3 49,950
14 Spare Parts 629,000 20 125,800
Total 6,919,000 747,890

Amortization 45,000
Depreciation & Amortization 792,890
No. Cost Items Yr. 1 Yr. 2 Yr. 3 Yr. 4 Yr. 5
1 Cosumables/Restaurant Supplies 1,000,000 1,050,000 1,102,500 1,157,625 1,215,506
2 Bed Sheets, Beddings & Towers 100,108 105,113 110,369 115,888 121,682
3 Salary/wages 849,800 849,800 849,800 892,290 936,905
4 Repairs & Maintenance 415,140 435,897 457,692 480,576 504,605
5 Fuel/Lubricant 297,000 311,850 327,443 343,815 361,005
6 Insurance 345,952 345,952 345,952 345,952 345,952
7 Advertisement 76,000 76,000 76,000 76,000 76,000
8 Depreciation & Amortization 792,890 792,890 792,890 792,890 792,890
9 Office Supplies 60,000 60,000 63,000 66,150 69,458
10 Training 80,000 80,000 80,000 80,000 80,000
11 Miscallaneous 200,000 210,000 220,500 231,525 243,101
Total Cost 4,216,890 4,317,502 4,426,145 4,582,711 4,747,104
 Projected Income Statement
No. Revenue Yr. 1 Yr. 2 Yr. 3 Yr. 4 Yr. 5
1 Occupancy 3,326,400 3,891,888 4,537,941 5,291,240 6,169,585
2 Foor & Beverages 665,280 778,378 907,588 1,058,248 1,233,917
3 Banquet Hall 332,640 389,189 453,794 529,124 616,959
4 Gross Revenue 4,324,320 5,059,454 5,899,324 6,878,612 8,020,461
5 Annual. Adm. & O[erationan Cost 4,216,890 4,317,502 4,426,145 4,582,711 4,747,104
6 Taxable Income 107,430 741,952 1,473,178 2,295,901 3,273,357
7 IncomeTax (25%) 26,858 185,488 368,295 573,975 818,339
Net Income 80,573 556,464 1,104,884 1,721,926 2,455,018
 Projected Csah Flow

cash In-Flow Yr. 0 Yr. 1 Yr. 2 Yr. 3 Yr. 4 Yr. 5

Equity 8,000,000 0 0 0 0 0
Loan 0 0 0 0 0 0
Depreciation & Amortization 0 792,890 792,890 792,890 792,890 792,890
Taxable Income 0 107,430 741,952 1,473,178 2,295,901 3,273,357
Sub-Total 8,000,000 900,320 1,534,842 2,266,068 3,088,791 4,066,247

Cash Out-Flow
Fixed Assets 6,919,000 0 0 0 0 0
Working Capital 856,000 0 0 0 0 0
Pre-Operational Cost 225,000 0 0 0 0 0
Loan Payable 0 0 0 0 0 0
Tax Payable 0 26,858 185,488 368,295 573,975 818,339
Sub-Total 8,000,000 26,858 185,488 368,295 573,975 818,339

Net Cash Balance 0 873,463 1,349,354 1,897,774 2,514,816 3,247,908

Cash B/F 0 0 873,463 2,222,817 4,120,590 6,635,406
Cumulative Cash Flow 0 873,463 2,222,817 4,120,590 6,635,406 9,883,314
Current Assets Yr. 0 Yr. 1 Yr. 2 Yr. 3 Yr. 4 Yr. 5
Cash 0 873,463 2,222,817 4,120,590 6,635,406 9,883,314
Pre-Operational Cost 225,000 0 0 0 0 0
Working Capital 856,000 0 0 0 0 0
Sub-total 1,081,000 873,463 2,222,817 4,120,590 6,635,406 9,883,314

Fixed Assets 6,919,000 6,126,110 5,333,220 4,540,330 3,747,440 2,954,550

Sub-Total 6,919,000 6,126,110 5,333,220 4,540,330 3,747,440 2,954,550
Total Assets 8,000,000 6,999,573 7,556,037 8,660,920 10,382,846 12,837,864

Liabilities & Equity

Liabilities
Loan Payable 0 0 0 0 0 0
Tax Payable 0 26,858 185,488 368,295 573,975 818,339
Sub-Total 0 26,858 185,488 368,295 573,975 818,339

Equity
Beginning Balance 8,000,000 6,892,143 6,814,085 7,187,742 8,086,945 9,564,507
Net Income 0 80,573 556,464 1,104,884 1,721,926 2,455,018
Sub Total 8,000,000 6,972,715 7,370,549 8,292,626 9,808,871 12,019,525

Total Liabilities & Equity 8,000,000 6,999,573 7,556,037 8,660,920 10,382,846 12,837,864
 DEPRECIATION

Fixed Assets CIF WITH WITHOUT Rate WITH WITHOUT

Building 4,000,000 4,000,000 4,000,000 2.5 100,000 100,000
250 kva Generator 80,000 80,400 84,000 33.3 26,773 27,972
500 kva Generator 200,000 201,000 210,000 33.3 66,933 69,930
Communication Equipment 150,000 150,750 157,500 20 30,150 31,500
Office Equipment 125,000 125,625 131,250 20 25,125 26,250
Specialized Vehicles 300,000 301,500 315,000 33.3 100,400 104,895
Kitchen Equipment & Utensils 85,000 85,425 89,250 20 17,085 17,850
Laundry Equipment 50,000 50,250 52,500 20 10,050 10,500
Furniture & Fixture 1,000,000 1,005,000 1,050,000 16.7 167,835 175,350
Air Conditioner (200 Sets) 75,000 75,375 78,750 20 15,075 15,750
Bathroom Sets (100) 50,000 50,250 52,500 20 10,050 10,500
Mini Icebox (150 pcs.) 25,000 25,125 26,250 20 5,025 5,250
Crane for Cleaning 150,000 150,750 157,500 33.3 50,200 52,448
Spare Parts 629,000 632,145 660,450 20 126,429 132,090
Sub- Total 6,919,000 6,933,595 7,064,950 751,129 780,285

Amortization 45,000
With Without
Depreciation & Amortization 796,129 825,285
 INCOME

Year 1 Year 2 Year 3 Year 4 Year 5

No. Revenue With Without With Without With Without With Without With Without
1 Occupancy 3,343,032.00 3,492,720.00
2 Foor & Beverages 668,606.40 698,544.00
3 Banquet Hall 334,303.20 349,272.00
4 Gross Revenue 4,345,941.60 4,540,536.00
5 Annual. Adm. & O[erationan Cost 4,237,974.45 4,427,734.50
6 Taxable Income 107,967.15 112,801.50
IncomeTax (25%) 26,991.79 28,200.38
Net Income 13,064,816.59 13,649,808.38
 1005000

Year 1 Year 2 Year 3 Year 4 Year 5

No. Cost Items with without with without with without with without with without
1 Cosumables/Restaurant Supplies 1,005,000 1,050,000 329,080 361,005 362,810
2 Bed Sheets, Beddings & Towers 100,609 105,113 347,682 363,250 347,682
3 Salary/wages 854,049 892,290 76,380 79,800 76,380
4 Repairs & Maintenance 417,216 435,897 796,854 832,535 796,854
5 Fuel/Lubricant 298,485 311,850 63,315 69,458 69,805
6 Insurance 347,682 363,250 80,400 84,000 80,400
7 Advertisement 76,380 79,800 221,603 243,101 244,317
8 Depreciation & Amortization 796,854 832,535 4,448,276 4,811,846 4,770,840
9 Office Supplies 60,300 63,000 - - -
10 Training 80,400 84,000 - - -
11 Miscallaneous 201,000 210,000 - - -
SUB-TOTAL 4,237,974 4,427,735 6,363,590 6,844,994 6,749,088