E2 Business Plan from ImmigrationBusinessPlan.com

FRENCH BAKERY, LLC CONSOLIDATED FINANCIAL FORECAST
Income Statement
the Boca Raton unit (bakery 1).
French Bakery, LLC has enclosed a set of financial
forecast on the basis of the opening of two bakeries
over the next five years. The financial forecast
of bakery 2 is based on the assumptions used for
CONSOLIDATED PROFIT & LOSS ($’000)
The management will make the investment in year
2 to build bakery 2 for a launch of operations on
the first day of year 3.
Year 1 Year 2 Year 3 Year 4 Year 5
Sales After Taxes 642 835 1,614 1,860 2,050
Sales Before Taxes 600 780 1,508 1,738 1,916
Purchases 150 195 377 435 479
Freight costs 17 21 41 48 53
Customs duties & expenses 15 20 38 43 48
COST OF SALES (COS) 182 236 456 526 580
GROSS MARGIN 419 544 1,052 1,212 1,336
VARIABLE COST
Advertising 6 8 15 17 19
Shopping bags 6 8 15 17 19
Theft 0 0 0 0 0
Credit Card Commissions 10 13 25 29 32
TOTAL VARIABLE COST 22 29 55 64 71
MARGIN ON VARIABLE COST 396 515 996 1,148 1,266
FIXED COST
RENT 63 68 136 144 153
PAYROLL (incl. taxes & benefits) 237 315 588 675 740
Phone & internet 2 2 4 4 4
Utilities 5 5 10 10 10
Insurance 1 1 2 2 2
Travel 1 1 2 2 2
Accounting & Legal 3 3 6 6 6
Office expense 1 1 2 2 2
Other (incl. Headoffice cost) 5 5 11 11 11
TOTAL FIXED COST 318 401 761 857 931
EBITDA 78 114 235 292 335
Start-up expenses 13 0 0 0 0
Depreciation & amortization 6 9 29 34 39
Net interest expense (net interest income) 0 0 0 0 0
EARNINGS BEFORE TAXES 59 105 206 258 296
Income taxes 12 24 56 73 85
NET PROFIT 47 81 151 185 211
SALES ARE FORECAST TO REACH $1.9 MILLION IN YEAR 5 WITH A GROSS MARGIN
OF 70% AND AN EBITDA AT $335,000.
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French Bakery, LLC