Project proposal for the Manchester Food Co-op - SNHU Academic ...

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Appendix III- Five Year Pro- Forma Financial Statements:Manchester Food Cooperative5 year ProForma Financial StatementsIncome Statement_____Year 1 Year 2 Year 3 Year 4 Year 5Operating RevenueSales 3,722,376 3,908,495 3,937,809 3,967,342 3,997,097Cost of Goods Sold 2,602,961 2,681,050 2,687,752 2,694,472 2,701,208GROSS PROFIT 1,119,415 1,227,445 1,250,056 1,272,871 1,295,889Operating ExpensesCompensation & Benefits (701,663) (722,712) (724,519) (726,330) (728,146)Occupancy expense (200,000) (206,000) (206,515) (207,031) (207,549)General & Administrative expense (72,000) (74,160) (74,345) (74,531) (74,718)Advertising expense (7,680) (7,910) (7,930) (7,950) (7,970)Depreciation expense 20,029 20,630 20,681 20,733 20,785Total Operating Expenses (961,314) (990,153) (992,628) (995,110) (997,598)Income from Operations 158,102 237,292 257,428 277,761 298,292Other Revenue and ExpensesInterest expense (92,642) (92,642) (92,642) (92,642) (92,642)Pre opening expenses a -Net from Other Revenue and (92,642) (92,642) (92,642) (92,642) (92,642)ExpenseNet Income before Federal Income 65,460 144,650 164,786 185,119 205,650TaxLess Federal Income Tax Expense 36,163 41,196 46,280 51,412Net Income after Federal Income Tax 65,460 108,488 123,589 138,839 154,237Statement of Retained EarningsRetained Earnings - Beginning 65,460 173,947 297,537 436,376Net Income (Loss) 65,460 108,488 123,589 138,839 154,237Retained Earnings - Ending 65,460 173,947 297,537 436,376 590,61332
Assumptions: For 5 Year ProForma Financial StatementsStore Size100008,000 - 12,000sq. ft.Members1000(who regularlyshop)Non members250(who regularlyshop)Average hhs90weeklygroceryexpenseNumber of52weeks in ayearReturns &0.25%discounts (%of grosssales)Cost of Goods70.00%Sold (% of netsales)Compensation& Benefits $1,219,500.00Occupancy$ 242,871.84expenseGeneral &$284,714.82AdministrativeexpenseDepreciation$136,971.12expenseInterest$205,363.08expenseStart up$131,508.00expensesYear Two Rate5%of SalesGrowthYear Two Rate3%of Increasesinexpenditures33
Page 2: Inside Cover PageManchester Food Co
Page 6 and 7: National Cooperative Bank, NH Commu
Page 8 and 9: Manchester Food Co-op Mission State
Page 10 and 11: Problem Analysis:The problems that
Page 12 and 13: As shown by the table the Mancheste
Page 14 and 15: The Manchester Department of Health
Page 17 and 18: eduction of pollution being added t
Page 19 and 20: Methodology and Implementation Plan
Page 21 and 22: including contingency of $173,250 a
Page 23 and 24: Monitoring Plan:Outputs Indicators
Page 25 and 26: Sustainability Plan:The economic vi
Page 27 and 28: APPENDIX I - Board of Director’s
Page 29 and 30: Kate Morneau, Board MemberSince mov
Page 31: Appendix II- Estimated Start up Cos
Page 35 and 36: Appendix V: Start up Balance SheetA
Page 37 and 38: Stonyfield Farms‘ employee newsle
Page 39 and 40: Bibliography:Babey, S. et al. (2008
Page 41: TRF, The Reinvestment Fund (2010).

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