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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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