MOTOTREND AUTOSPORTS FINANCIAL PROJECTIONS

PROJECTED INCOME STATEMENT

  Year 1 Projection Year 2 Projection Year 3 Projection
Revenues      
Sales $392,011 $431,212 $474,333
Other Services $0 $0 $0
Total Revenues $392,011 $431,212 $474,333
       
Cost of Goods Sold      
Labour, Materials - Auto Accessories Services $138,024 $151,787 $166,965
Total Cost of Goods Sols $138,024 $151,787 $166,965
       
Gross Margin $253,987 $279,425 $307,368
       
Selling & Admin. Expenses      
Marketing Activities $10,000 $11,000 $12,100
Communications $2,460 $2,706 $2,977
Repairs and Maintenance $2,400 $5,000 $8,000
Insurance $13,500 $5,000 $5,000
Office Supplies $2,400 $1,400 $1,600
Vehicle Expense and Travel $14,400 $15,840 $17,424
Bank Charges and Interest $1,200 $1,320 $1,452
Employee Benefits $6000 $6,600 $7,260
Rent $75,336 $82,870 $91,157
Freight $12,000 $13,200 $14,520
Utilities $20,000 $22,000 $24,200
Office Expense and Postage $1,800 $1,980 $2,178
Franchise Fees $12,000 $12,000 $12,000
Loan Interest $7,536 $4,173 $3,549
Professional Fees $3,000 $2,500 $2,500
Depreciation $10,500 $10,500 $10,500
Net Profit (Loss) from Operations $194,532 $198,089 $216,416
Add: Contributions for Operations $8,250 $0 $0
       
Net Profit (Loss) from Operations $67,705 $81,337 $90,952



PROJECTED SOURCES AND USES OF FUNDS

  Year 1 Ending Year 2 Ending Year 3 Ending
Net Profit $67,705 $81,337 $90,952
Add: Depreciation $10,500 $10,500 $10,500
Less: Owners/Partners Drawings $30,000 $30,000 $30,000
Cash From Operations $48,205 $61,837 $71,452
       
Financing Activities      
Term Debt $83,387    
ADPC $74,121    
Cash Equity Injection $27,795    
Less: Repayment of Debt $17,843 $14,393 $8,140
Total Financing $167,460 ($14,393) ($8,140)
       
Capitilization Activities      
Franchise Fee $50,000    
Capitilization Activities $105,000 $0 $0
Total Capitilization Activities $155,000 $0 $0
       
Net Cash From Operations $60,665 $47,444 $63,311
Beginning Cash $0 $60,665 $108,109
Ending Cash $60,665 $108,109 $171,420

Click here to view MotoTrend AutoSports 12 month projected cash flow statement.



PROJECTED BALANCE SHEET

  OPENING Year 1 Ending Year 2 Ending Year 3 Ending
ASSETS        
Current Assets        
Cash $30,303 $60,665 $108,109 $171,420
Inventory $0 $0 $0 $0
Total Current Assets $30,303 $60,665 $108,109 $171.420
         
Fixed Assets        
Equipment $105,000 $105,000 $105,000 $105,000
Other Assets: Franchise Fee $50,000 $50,000 $50,000 $50,000
Less: Accumulated Depreciation $0 $10,500 $21,000 $31,500
Total Fixed Assets $155,000 $144,500 $134,000 $123,500
         
TOTAL ASSETS $185,303 $205,165 $242,109 $294,920
         
LIABILITIES        
Current Liabilities        
Accounts Payable $0 $0 $0 $0
Current Portion of Loan $17,843 $14,393 $8,140 $8,816
Long Term Liabilities        
Long Term Portion of Debt $65,544 $51,151 $43,010 $34,194
TOTAL LIABILITIES $83,387 $65,544 $51,151 $43,010
         
OWNER'S / PARTNER'S EQUITY        
ADCP Contribution $74,121      
Contributed Equity $0      
Cash Equity $27,795 $0 $0 $0
Beginning Equity $0 $101,916 $139,621 $190,958
Net Income $0 $67,705 $81,337 $90,952
Less: Owner's or Partner's Draws $0 $30,000 $30,000 $30,000
TOTAL OWNER'S OR PARTNER'S EQUITY $101,916 $139,621 $190,958 $251,910
         
TOTAL EQUITY AND LIABILITIES $185,303 $205,165 $242,109 $294,920

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