Start-up Funding | |
Start-up Expenses to Fund | $11,800 |
Start-up Assets to Fund | $118,200 |
Total Funding Required | $130,000 |
Assets | |
Non-cash Assets from Start-up | $55,000 |
Cash Requirements from Start-up | $63,200 |
Additional Cash Raised | $0 |
Cash Balance on Starting Date | $63,200 |
Total Assets | $118,200 |
Liabilities and Capital | |
Liabilities | |
Current Borrowing | $0 |
Long-term Liabilities | $50,000 |
Accounts Payable (Outstanding Bills) | $0 |
Other Current Liabilities (interest-free) | $0 |
Total Liabilities | $50,000 |
Capital | |
Planned Investment | |
Barry Cohn | $80,000 |
Other | $0 |
Additional Investment Requirement | $0 |
Total Planned Investment | $80,000 |
Loss at Start-up (Start-up Expenses) | ($11,800) |
Total Capital | $68,200 |
Total Capital and Liabilities | $118,200 |
Total Funding | $130,000 |
The Bronx Deli and Bakery will offer customers New York City deli bakery items and sandwiches. The menu will include:
In the past ten years, the Willow Creek section of Richmond has grown tremendously. The growing student community combined with the customers of the area’s arts and craft stores are a perfect support base for the Bronx Bakery.
Currently, the area is served by three small restaurants and two coffee shops. None of these restaurants or shops carry the menu items found at the Bronx Bakery. In addition, the bakery is located on Steward Street which is the area’s main street. The foot traffic on Steward Street is very heavy with arts and crafts shoppers and State University students.
The Bronx Deli and Bakery will focus on two significant customer groups:
Market Analysis | |||||||
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | |||
Potential Customers | Growth | CAGR | |||||
Arts and Craft Shoppers | 15% | 9,000 | 10,350 | 11,903 | 13,688 | 15,741 | 15.00% |
Students | 10% | 12,000 | 13,200 | 14,520 | 15,972 | 17,569 | 10.00% |
Total | 12.22% | 21,000 | 23,550 | 26,423 | 29,660 | 33,310 | 12.22% |
The Bronx Deli and Bakery will promote the store opening. We will have live music and food in front of the bakery opening weekend. The Willow Creek Craft Fair will provide excellent foot traffic for our opening.
We will advertise in the university daily student newspaper as well as the local area advertising flyer. In the advertisements for the market opening, we will have 2 for 1 specials on pastry and sandwiches. We will continue this discount for the first month of operation.
The Bronx Bakery’s competitive edge is:
The sales strategy of the Bronx Deli and Bakery is simple. The key to customer satisfaction is providing an exceptional product at affordable prices in an environment that is as entertaining as the food.
Cost control is a critical focus of our sales forecast. We will adhere to the following gross margin % for menu items:
The following is the Bronx Deli and Bakery’s sales forecast for three years.
Sales Forecast | |||
Year 1 | Year 2 | Year 3 | |
Sales | |||
Bakery | $127,000 | $145,000 | $165,000 |
Sandwiches | $247,000 | $272,000 | $302,000 |
Drinks | $48,500 | $52,000 | $55,000 |
Total Sales | $422,500 | $469,000 | $522,000 |
Direct Cost of Sales | Year 1 | Year 2 | Year 3 |
Bakery | $32,400 | $38,000 | $42,000 |
Sandwiches | $82,900 | $86,000 | $96,000 |
Drinks | $6,060 | $6,400 | $7,000 |
Subtotal Direct Cost of Sales | $121,360 | $130,400 | $145,000 |
Barry will manage the daily operation of the Bronx Deli and Bakery. He has ten years of experience working in the restaurant industry. Before relocating to Richmond, Barry was manager of two deli/bakeries in New York City. Barry was the Bakery Manager for Zoey’s Deli and Bakery for six years, managing a staff of five. During that time, the business grew by 15% each year.
Besides Barry Cohn, the Bronx Deli and Bakery will have a staff of seven:
Personnel Plan | |||
Year 1 | Year 2 | Year 3 | |
Barry Cohn | $33,600 | $36,000 | $39,000 |
Kitchen Staff | $84,000 | $89,000 | $94,000 |
Waiters/Waitresses | $39,600 | $41,000 | $43,000 |
Baking Staff | $48,000 | $51,000 | $54,000 |
Total People | 9 | 9 | 9 |
Total Payroll | $205,200 | $217,000 | $230,000 |
The following is the Financial plan for the Bronx Deli and Bakery.
The following table and chart shows our Break-even Analysis.
Break-even Analysis | |
Monthly Revenue Break-even | $32,365 |
Assumptions: | |
Average Percent Variable Cost | 29% |
Estimated Monthly Fixed Cost | $23,068 |
The following table and charts highlight the projected profit and loss for three years.
Pro Forma Profit and Loss | |||
Year 1 | Year 2 | Year 3 | |
Sales | $422,500 | $469,000 | $522,000 |
Direct Cost of Sales | $121,360 | $130,400 | $145,000 |
Other Production Expenses | $0 | $0 | $0 |
Total Cost of Sales | $121,360 | $130,400 | $145,000 |
Gross Margin | $301,140 | $338,600 | $377,000 |
Gross Margin % | 71.28% | 72.20% | 72.22% |
Expenses | |||
Payroll | $205,200 | $217,000 | $230,000 |
Sales and Marketing and Other Expenses | $7,000 | $10,000 | $13,000 |
Depreciation | $1,440 | $1,440 | $1,440 |
Leased Equipment | $0 | $0 | $0 |
Utilities | $4,800 | $4,800 | $4,800 |
Insurance | $6,000 | $6,000 | $6,000 |
Rent | $21,600 | $21,600 | $21,600 |
Payroll Taxes | $30,780 | $32,550 | $34,500 |
Other | $0 | $0 | $0 |
Total Operating Expenses | $276,820 | $293,390 | $311,340 |
Profit Before Interest and Taxes | $24,320 | $45,210 | $65,660 |
EBITDA | $25,760 | $46,650 | $67,100 |
Interest Expense | $4,459 | $3,501 | $2,501 |
Taxes Incurred | $5,958 | $12,513 | $18,948 |
Net Profit | $13,903 | $29,197 | $44,211 |
Net Profit/Sales | 3.29% | 6.23% | 8.47% |
The following table and chart highlight the projected cash flow for three years.
Pro Forma Cash Flow | |||
Year 1 | Year 2 | Year 3 | |
Cash Received | |||
Cash from Operations | |||
Cash Sales | $422,500 | $469,000 | $522,000 |
Subtotal Cash from Operations | $422,500 | $469,000 | $522,000 |
Additional Cash Received | |||
Sales Tax, VAT, HST/GST Received | $0 | $0 | $0 |
New Current Borrowing | $0 | $0 | $0 |
New Other Liabilities (interest-free) | $0 | $0 | $0 |
New Long-term Liabilities | $0 | $0 | $0 |
Sales of Other Current Assets | $0 | $0 | $0 |
Sales of Long-term Assets | $0 | $0 | $0 |
New Investment Received | $0 | $0 | $0 |
Subtotal Cash Received | $422,500 | $469,000 | $522,000 |
Expenditures | Year 1 | Year 2 | Year 3 |
Expenditures from Operations | |||
Cash Spending | $205,200 | $217,000 | $230,000 |
Bill Payments | $189,370 | $226,386 | $246,000 |
Subtotal Spent on Operations | $394,570 | $443,386 | $476,000 |
Additional Cash Spent | |||
Sales Tax, VAT, HST/GST Paid Out | $0 | $0 | $0 |
Principal Repayment of Current Borrowing | $0 | $0 | $0 |
Other Liabilities Principal Repayment | $0 | $0 | $0 |
Long-term Liabilities Principal Repayment | $9,996 | $9,996 | $9,996 |
Purchase Other Current Assets | $0 | $0 | $0 |
Purchase Long-term Assets | $0 | $0 | $0 |
Dividends | $0 | $0 | $0 |
Subtotal Cash Spent | $404,566 | $453,382 | $485,996 |
Net Cash Flow | $17,934 | $15,618 | $36,004 |
Cash Balance | $81,134 | $96,752 | $132,756 |
The following table highlights the projected balance sheet for three years.
Pro Forma Balance Sheet | |||
Year 1 | Year 2 | Year 3 | |
Assets | |||
Current Assets | |||
Cash | $81,134 | $96,752 | $132,756 |
Inventory | $14,630 | $15,720 | $17,480 |
Other Current Assets | $0 | $0 | $0 |
Total Current Assets | $95,764 | $112,471 | $150,235 |
Long-term Assets | |||
Long-term Assets | $50,000 | $50,000 | $50,000 |
Accumulated Depreciation | $1,440 | $2,880 | $4,320 |
Total Long-term Assets | $48,560 | $47,120 | $45,680 |
Total Assets | $144,324 | $159,591 | $195,915 |
Liabilities and Capital | Year 1 | Year 2 | Year 3 |
Current Liabilities | |||
Accounts Payable | $22,217 | $18,284 | $20,392 |
Current Borrowing | $0 | $0 | $0 |
Other Current Liabilities | $0 | $0 | $0 |
Subtotal Current Liabilities | $22,217 | $18,284 | $20,392 |
Long-term Liabilities | $40,004 | $30,008 | $20,012 |
Total Liabilities | $62,221 | $48,292 | $40,404 |
Paid-in Capital | $80,000 | $80,000 | $80,000 |
Retained Earnings | ($11,800) | $2,103 | $31,300 |
Earnings | $13,903 | $29,197 | $44,211 |
Total Capital | $82,103 | $111,300 | $155,511 |
Total Liabilities and Capital | $144,324 | $159,591 | $195,915 |
Net Worth | $82,103 | $111,300 | $155,511 |
Business ratios for the years of this plan are shown below. Industry profile ratios based on the Standard Industrial Classification (SIC) code 5812, Eating Places, are shown for comparison.
Ratio Analysis | ||||
Year 1 | Year 2 | Year 3 | Industry Profile | |
Sales Growth | 0.00% | 11.01% | 11.30% | 7.60% |
Percent of Total Assets | ||||
Inventory | 10.14% | 9.85% | 8.92% | 3.60% |
Other Current Assets | 0.00% | 0.00% | 0.00% | 35.60% |
Total Current Assets | 66.35% | 70.47% | 76.68% | 43.70% |
Long-term Assets | 33.65% | 29.53% | 23.32% | 56.30% |
Total Assets | 100.00% | 100.00% | 100.00% | 100.00% |
Current Liabilities | 15.39% | 11.46% | 10.41% | 32.70% |
Long-term Liabilities | 27.72% | 18.80% | 10.21% | 28.50% |
Total Liabilities | 43.11% | 30.26% | 20.62% | 61.20% |
Net Worth | 56.89% | 69.74% | 79.38% | 38.80% |
Percent of Sales | ||||
Sales | 100.00% | 100.00% | 100.00% | 100.00% |
Gross Margin | 71.28% | 72.20% | 72.22% | 60.50% |
Selling, General & Administrative Expenses | 67.99% | 65.97% | 63.75% | 39.80% |
Advertising Expenses | 1.66% | 2.13% | 2.49% | 3.20% |
Profit Before Interest and Taxes | 5.76% | 9.64% | 12.58% | 0.70% |
Main Ratios | ||||
Current | 4.31 | 6.15 | 7.37 | 0.98 |
Quick | 3.65 | 5.29 | 6.51 | 0.65 |
Total Debt to Total Assets | 43.11% | 30.26% | 20.62% | 61.20% |
Pre-tax Return on Net Worth | 24.19% | 37.47% | 40.61% | 1.70% |
Pre-tax Return on Assets | 13.76% | 26.14% | 32.24% | 4.30% |
Additional Ratios | Year 1 | Year 2 | Year 3 | |
Net Profit Margin | 3.29% | 6.23% | 8.47% | n.a |
Return on Equity | 16.93% | 26.23% | 28.43% | n.a |
Activity Ratios | ||||
Inventory Turnover | 10.91 | 8.59 | 8.74 | n.a |
Accounts Payable Turnover | 9.52 | 12.17 | 12.17 | n.a |
Payment Days | 27 | 33 | 28 | n.a |
Total Asset Turnover | 2.93 | 2.94 | 2.66 | n.a |
Debt Ratios | ||||
Debt to Net Worth | 0.76 | 0.43 | 0.26 | n.a |
Current Liab. to Liab. | 0.36 | 0.38 | 0.50 | n.a |
Liquidity Ratios | ||||
Net Working Capital | $73,547 | $94,188 | $129,843 | n.a |
Interest Coverage | 5.45 | 12.91 | 26.25 | n.a |
Additional Ratios | ||||
Assets to Sales | 0.34 | 0.34 | 0.38 | n.a |
Current Debt/Total Assets | 15% | 11% | 10% | n.a |
Acid Test | 3.65 | 5.29 | 6.51 | n.a |
Sales/Net Worth | 5.15 | 4.21 | 3.36 | n.a |
Dividend Payout | 0.00 | 0.00 | 0.00 | n.a |
Sales Forecast | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Sales | |||||||||||||
Bakery | 0% | $8,000 | $9,000 | $9,000 | $11,000 | $11,000 | $11,000 | $10,000 | $9,000 | $10,000 | $12,000 | $13,000 | $14,000 |
Sandwiches | 0% | $15,000 | $16,000 | $17,000 | $19,000 | $20,000 | $22,000 | $20,000 | $19,000 | $22,000 | $24,000 | $26,000 | $27,000 |
Drinks | 0% | $3,000 | $3,500 | $4,000 | $4,000 | $5,000 | $5,000 | $4,000 | $3,000 | $3,000 | $4,000 | $5,000 | $5,000 |
Total Sales | $26,000 | $28,500 | $30,000 | $34,000 | $36,000 | $38,000 | $34,000 | $31,000 | $35,000 | $40,000 | $44,000 | $46,000 | |
Direct Cost of Sales | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
Bakery | $2,000 | $2,200 | $2,200 | $2,800 | $2,800 | $2,800 | $2,500 | $2,400 | $2,500 | $3,000 | $3,500 | $3,700 | |
Sandwiches | $5,000 | $5,400 | $5,600 | $6,500 | $6,800 | $7,400 | $6,800 | $6,500 | $7,400 | $8,000 | $8,500 | $9,000 | |
Drinks | $400 | $460 | $500 | $500 | $600 | $600 | $500 | $400 | $400 | $500 | $600 | $600 | |
Subtotal Direct Cost of Sales | $7,400 | $8,060 | $8,300 | $9,800 | $10,200 | $10,800 | $9,800 | $9,300 | $10,300 | $11,500 | $12,600 | $13,300 |
Personnel Plan | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Barry Cohn | 0% | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 |
Kitchen Staff | 0% | $7,000 | $7,000 | $7,000 | $7,000 | $7,000 | $7,000 | $7,000 | $7,000 | $7,000 | $7,000 | $7,000 | $7,000 |
Waiters/Waitresses | 0% | $3,300 | $3,300 | $3,300 | $3,300 | $3,300 | $3,300 | $3,300 | $3,300 | $3,300 | $3,300 | $3,300 | $3,300 |
Baking Staff | 0% | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 |
Total People | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | |
Total Payroll | $17,100 | $17,100 | $17,100 | $17,100 | $17,100 | $17,100 | $17,100 | $17,100 | $17,100 | $17,100 | $17,100 | $17,100 |
General Assumptions | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Plan Month | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | |
Current Interest Rate | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | |
Long-term Interest Rate | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | |
Tax Rate | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | |
Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Pro Forma Profit and Loss | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Sales | $26,000 | $28,500 | $30,000 | $34,000 | $36,000 | $38,000 | $34,000 | $31,000 | $35,000 | $40,000 | $44,000 | $46,000 | |
Direct Cost of Sales | $7,400 | $8,060 | $8,300 | $9,800 | $10,200 | $10,800 | $9,800 | $9,300 | $10,300 | $11,500 | $12,600 | $13,300 | |
Other Production Expenses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Total Cost of Sales | $7,400 | $8,060 | $8,300 | $9,800 | $10,200 | $10,800 | $9,800 | $9,300 | $10,300 | $11,500 | $12,600 | $13,300 | |
Gross Margin | $18,600 | $20,440 | $21,700 | $24,200 | $25,800 | $27,200 | $24,200 | $21,700 | $24,700 | $28,500 | $31,400 | $32,700 | |
Gross Margin % | 71.54% | 71.72% | 72.33% | 71.18% | 71.67% | 71.58% | 71.18% | 70.00% | 70.57% | 71.25% | 71.36% | 71.09% | |
Expenses | |||||||||||||
Payroll | $17,100 | $17,100 | $17,100 | $17,100 | $17,100 | $17,100 | $17,100 | $17,100 | $17,100 | $17,100 | $17,100 | $17,100 | |
Sales and Marketing and Other Expenses | $1,000 | $1,000 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | |
Depreciation | $120 | $120 | $120 | $120 | $120 | $120 | $120 | $120 | $120 | $120 | $120 | $120 | |
Leased Equipment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Utilities | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | |
Insurance | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | |
Rent | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 | |
Payroll Taxes | 15% | $2,565 | $2,565 | $2,565 | $2,565 | $2,565 | $2,565 | $2,565 | $2,565 | $2,565 | $2,565 | $2,565 | $2,565 |
Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Total Operating Expenses | $23,485 | $23,485 | $22,985 | $22,985 | $22,985 | $22,985 | $22,985 | $22,985 | $22,985 | $22,985 | $22,985 | $22,985 | |
Profit Before Interest and Taxes | ($4,885) | ($3,045) | ($1,285) | $1,215 | $2,815 | $4,215 | $1,215 | ($1,285) | $1,715 | $5,515 | $8,415 | $9,715 | |
EBITDA | ($4,765) | ($2,925) | ($1,165) | $1,335 | $2,935 | $4,335 | $1,335 | ($1,165) | $1,835 | $5,635 | $8,535 | $9,835 | |
Interest Expense | $410 | $403 | $396 | $389 | $382 | $375 | $368 | $361 | $354 | $347 | $340 | $333 | |
Taxes Incurred | ($1,588) | ($1,034) | ($504) | $248 | $730 | $1,152 | $254 | ($494) | $408 | $1,550 | $2,422 | $2,814 | |
Net Profit | ($3,706) | ($2,413) | ($1,177) | $578 | $1,703 | $2,688 | $593 | ($1,152) | $953 | $3,617 | $5,652 | $6,567 | |
Net Profit/Sales | -14.26% | -8.47% | -3.92% | 1.70% | 4.73% | 7.07% | 1.74% | -3.72% | 2.72% | 9.04% | 12.85% | 14.28% |
Pro Forma Cash Flow | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Cash Received | |||||||||||||
Cash from Operations | |||||||||||||
Cash Sales | $26,000 | $28,500 | $30,000 | $34,000 | $36,000 | $38,000 | $34,000 | $31,000 | $35,000 | $40,000 | $44,000 | $46,000 | |
Subtotal Cash from Operations | $26,000 | $28,500 | $30,000 | $34,000 | $36,000 | $38,000 | $34,000 | $31,000 | $35,000 | $40,000 | $44,000 | $46,000 | |
Additional Cash Received | |||||||||||||
Sales Tax, VAT, HST/GST Received | 0.00% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
New Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
New Other Liabilities (interest-free) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
New Long-term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Sales of Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Sales of Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
New Investment Received | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Subtotal Cash Received | $26,000 | $28,500 | $30,000 | $34,000 | $36,000 | $38,000 | $34,000 | $31,000 | $35,000 | $40,000 | $44,000 | $46,000 | |
Expenditures | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
Expenditures from Operations | |||||||||||||
Cash Spending | $17,100 | $17,100 | $17,100 | $17,100 | $17,100 | $17,100 | $17,100 | $17,100 | $17,100 | $17,100 | $17,100 | $17,100 | |
Bill Payments | $521 | $15,586 | $14,413 | $14,342 | $17,841 | $17,558 | $18,630 | $15,064 | $14,500 | $18,013 | $20,544 | $22,359 | |
Subtotal Spent on Operations | $17,621 | $32,686 | $31,513 | $31,442 | $34,941 | $34,658 | $35,730 | $32,164 | $31,600 | $35,113 | $37,644 | $39,459 | |
Additional Cash Spent | |||||||||||||
Sales Tax, VAT, HST/GST Paid Out | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Principal Repayment of Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Other Liabilities Principal Repayment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Long-term Liabilities Principal Repayment | $833 | $833 | $833 | $833 | $833 | $833 | $833 | $833 | $833 | $833 | $833 | $833 | |
Purchase Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Purchase Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Dividends | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Subtotal Cash Spent | $18,454 | $33,519 | $32,346 | $32,275 | $35,774 | $35,491 | $36,563 | $32,997 | $32,433 | $35,946 | $38,477 | $40,292 | |
Net Cash Flow | $7,546 | ($5,019) | ($2,346) | $1,725 | $226 | $2,509 | ($2,563) | ($1,997) | $2,567 | $4,054 | $5,523 | $5,708 | |
Cash Balance | $70,746 | $65,727 | $63,381 | $65,107 | $65,333 | $67,842 | $65,279 | $63,282 | $65,849 | $69,903 | $75,426 | $81,134 |
Pro Forma Balance Sheet | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Assets | Starting Balances | ||||||||||||
Current Assets | |||||||||||||
Cash | $63,200 | $70,746 | $65,727 | $63,381 | $65,107 | $65,333 | $67,842 | $65,279 | $63,282 | $65,849 | $69,903 | $75,426 | $81,134 |
Inventory | $5,000 | $8,140 | $8,866 | $9,130 | $10,780 | $11,220 | $11,880 | $10,780 | $10,230 | $11,330 | $12,650 | $13,860 | $14,630 |
Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Total Current Assets | $68,200 | $78,886 | $74,593 | $72,511 | $75,887 | $76,553 | $79,722 | $76,059 | $73,512 | $77,179 | $82,553 | $89,286 | $95,764 |
Long-term Assets | |||||||||||||
Long-term Assets | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 |
Accumulated Depreciation | $0 | $120 | $240 | $360 | $480 | $600 | $720 | $840 | $960 | $1,080 | $1,200 | $1,320 | $1,440 |
Total Long-term Assets | $50,000 | $49,880 | $49,760 | $49,640 | $49,520 | $49,400 | $49,280 | $49,160 | $49,040 | $48,920 | $48,800 | $48,680 | $48,560 |
Total Assets | $118,200 | $128,766 | $124,353 | $122,151 | $125,407 | $125,953 | $129,002 | $125,219 | $122,552 | $126,099 | $131,353 | $137,966 | $144,324 |
Liabilities and Capital | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
Current Liabilities | |||||||||||||
Accounts Payable | $0 | $15,105 | $13,939 | $13,747 | $17,257 | $16,933 | $18,127 | $14,584 | $13,903 | $17,330 | $19,800 | $21,593 | $22,217 |
Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Other Current Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Subtotal Current Liabilities | $0 | $15,105 | $13,939 | $13,747 | $17,257 | $16,933 | $18,127 | $14,584 | $13,903 | $17,330 | $19,800 | $21,593 | $22,217 |
Long-term Liabilities | $50,000 | $49,167 | $48,334 | $47,501 | $46,668 | $45,835 | $45,002 | $44,169 | $43,336 | $42,503 | $41,670 | $40,837 | $40,004 |
Total Liabilities | $50,000 | $64,272 | $62,273 | $61,248 | $63,925 | $62,768 | $63,129 | $58,753 | $57,239 | $59,833 | $61,470 | $62,430 | $62,221 |
Paid-in Capital | $80,000 | $80,000 | $80,000 | $80,000 | $80,000 | $80,000 | $80,000 | $80,000 | $80,000 | $80,000 | $80,000 | $80,000 | $80,000 |
Retained Earnings | ($11,800) | ($11,800) | ($11,800) | ($11,800) | ($11,800) | ($11,800) | ($11,800) | ($11,800) | ($11,800) | ($11,800) | ($11,800) | ($11,800) | ($11,800) |
Earnings | $0 | ($3,706) | ($6,120) | ($7,296) | ($6,718) | ($5,015) | ($2,327) | ($1,734) | ($2,886) | ($1,934) | $1,684 | $7,336 | $13,903 |
Total Capital | $68,200 | $64,494 | $62,080 | $60,904 | $61,482 | $63,185 | $65,873 | $66,466 | $65,314 | $66,266 | $69,884 | $75,536 | $82,103 |
Total Liabilities and Capital | $118,200 | $128,766 | $124,353 | $122,151 | $125,407 | $125,953 | $129,002 | $125,219 | $122,552 | $126,099 | $131,353 | $137,966 | $144,324 |
Net Worth | $68,200 | $64,494 | $62,080 | $60,904 | $61,482 | $63,185 | $65,873 | $66,466 | $65,314 | $66,266 | $69,884 | $75,536 | $82,103 |
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The years of "long standing antagonism" between workers at two neighbouring firms at the Tyne Tunnel Industrial Estate in North Tyneside started in 2010, with a dispute about parking.
Newcastle Crown Court heard the saga ended in tragedy when Alder Willis, 68, who worked at The Deli Sandwich Shop, fatally stabbed Andrew Darn, 35, who was employed at Easy Access Garage Doors, on March 27.
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Prosecutor Francis Fitzgibbon KC told the court the build up to the deadly confrontation started the day before, on March 26, when a worker at the Garage Door company threw some food out for seagulls and hit an employee from The Deli.
Dad-of-three Mr Darn told his partner when he got home that day he thought that row was the "catalyst" for Willis' hostility towards him and he had been worried about going to work on the morning he was murdered.
Willis, of Alanville, Camperdown, North Tyneside, denied murder and having a bladed article but has now been convicted of both charges.
He will be sentenced at a later date but Judge Paul Sloan KC told him: "You must appreciate, there is only one sentence in respect of the offence of murder and that is a sentence of life imprisonment."
There were cheers from the public gallery when the jury foreman delivered the verdict.
During the trial, Linda Hedgcock, joint owner of the garage door company with her partner Norman Gibb, told jurors she had been feeding the seagulls on March 26, as was her daily routine.
Miss Hedgcock said the birds were like pets and added: "They were hand reared and released on the estate and they always came back."
She said she would feed the birds whatever was left over from lunch, which on that day was sausage rolls and said: "I was breaking them up into little pieces and then throwing them up."
Miss Hedgcock, who was using crutches at the time, said while she was feeding them that day Susan Clark, who worked at the deli with her partner Willis, walked past and added: "I just threw the sausage roll and she said it had hit her and then she thumped me.
"She hit me on the arm but on the face as well, with her fist.
"My crutch fell onto the floor, it was knocked out of my arm."
Miss Hedgcock denied seeing the food hit Miss Clark, who then swore at her and called her "fat and ugly" and in return she stated the deli worker's hair had "gone grey very quickly".
The court heard Willis then arrived and Miss Hedgcock said he "added his bit" and was "sweary".
Miss Hedgcock said Willis then made a threat towards Mr Darn saying he was going to "kill him or stab him, something like that".
The court heard Miss Hedgcock arrived at work early the next morning and saw Mr Darn in his car outside, sitting in the driver's seat, looking downwards.
Miss Hedgcock told the court: "He was dead."
During cross examination Peter Makepeace KC said feeding seagulls was a "bone of contention" between the two businesses, which Miss Hedgcock denied and claimed Willis would feed them too.
Mr Makepeace said: "You used to feed seagulls because you knew it caused problems from a hygiene point of view for the sandwich shop. You had been spoken to and asked repeatedly not to to it.
"This was one of the many petty things you and he engaged in."
Miss Hedgecock denied the claims and said the sausage roll piece she threw that day missed the other woman completely.
The court heard after the row that day Willis, in his Berlingo van, followed Mr Darn as he travelled towards home in his VW Passat.
The deadly confrontation was when they arrived at work the following day. Mr Darn suffered catastrophic internal blood loss as a result of a single stab wound.
Mr Darn's partner Stephanie Cochrane, the mother of his three children, said he was "upset, distressed, a little annoyed" when he got home from work on March 26, after being followed by Willis in his van and threatened by him.
Miss Cochrane said when Mr Darn told her about the trouble between the two women over the seagull food, he had thought there was "fault on both sides" and that it was the "catalyst" for Willis' hostility towards him.
The mum, who works as a school lunchtime supervisor, said she had suggested Mr Darn should involve the police but he "didn't want to make anything worse".
Miss Cochrane said on the morning of his death Mr Darn was worried about going to work and told the court: "He told me he was worried what that d******d was going to be like when he got to work.
"He was worried, he told me he didn't want to go.
"I said please don't let it get to you, don't do anything, just let it go.
"He was hesitant to go to work, in bed he said 'I don't want to go to work today'."
Miss Cochrane said despite her partner's concerns he was in a "good mood" and told the court: "This is my last memory of Andrew.
"We had a kiss, the boys ran to him and gave him another kiss. He went out of the door happy that the boys had given him an extra kiss that day."
Senior Investigating Officer in the case Detective Chief Inspector Katie Smith, of Northumbria Police, said: "This is a truly tragic case in which a beloved family man has lost his life.
"Our thoughts very much remain with Andrew's heartbroken loved ones as he leaves behind a fiancée and three beloved children.
"Today, a man has been found guilty of murder but no conviction or any length of sentence will ever bring Andrew back.
"There is never any justification for carrying a knife, or any weapon, but for Andrew's death to come as a result of a disagreement over something as trivial as parking is truly reprehensible."
Det Ch Inp Smith added: "We want to send a clear message to anyone who chooses to carry a weapon of any kind or believes that violence is acceptable that the consequences can be devastating.
"Look at the pain this tragedy has caused – not only could you take away someone else's future and destroy the lives of their loved ones, but also ruin your own and those of your family and friends."
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Speaking from the Downing Street Rose Garden, the Prime Minister promised no more “business as usual” and his intention to “reverse a decade of decline”. But voters will be wary of more rhetoric and rather more keen on results. Since assuming power, Sir Keir Starmer and Rachel Reeves have highlighted the fiscal challenges this country faces. The riots this summer show there are social issues that must be urgently addressed as well.
It is not wholly unreasonable for Sir Keir to blame his inheritance on the previous Conservative government. The fiscal black hole is not a figment of the Chancellor’s imagination. Taxes will rise to plug it , with Labour for months refusing to rule out hikes in areas such as capital gains tax or pensions relief.
But the challenge is not simply whether the public will accept it is all the Tories’ fault. It will be to demonstrate in five years’ time that Labour has made things better. That will require more than cutting NHS waiting lists, as important as that might be. A truly radical new government would break with convention and put the investment into capital spending and the infrastructure projects that help lay the foundations of a vibrant economy, capable of generating more and better paying jobs.
Feathers, sequins, all the colours of the rainbow: almost two million people descended on Notting Hill to celebrate Caribbean arts and culture this weekend. Set back from the official parade route were the enticing smells of food on the barbecue as well as vast sound systems playing music and revellers dancing along.
After months of electioneering and violent disturbances across the country, Carnival was an opportunity for coming together. Chief executive Matthew Phillip described it as people “from all walks of life, different backgrounds, essentially at ease with each other and enjoying themselves.”
Sadly, there were also less savoury aspects to the long weekend’s party atmosphere. The Metropolitan Police arrested more than 330 people as a mother was among three left fighting for their lives following stabbings .
Oasis fans: forget the receding hairline or your rather rounder shape, the brothers are back. Perhaps it was for the love of the music or a pay day unlike anything they have seen before, but the band are touring next summer, including four performances at Wembley Stadium .
Britannia may not be as cool as it once was, but for an entire generation this could well be the Beatles reunion their parents never got to see. Let’s hope Noel and Liam can stay on good enough terms between now and next July.
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IMAGES
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A business plan for a deli business is a comprehensive document that outlines the goals, strategies, and financial projections for starting and running a deli. It provides a roadmap for the deli's success by detailing the target market, competition, marketing and sales strategies, menu offerings, operational structure, staffing, and financials.
The business plan for a deli is a document in which you lay out the details for your project, the objectives you have for your business, and the steps you'll need to take to ensure it's a success. Giving you a clear and overall view of your venture, the business plan for a deli will allow you to iron out any kinks, highlight its strengths ...
If you need assistance in projecting, you can always contact UK Startups funding experts for the help. Step 3. Your business market. As a Deli business, having a clear explanation of the market and industry that you are in will help you plan for the figure and will ensure you can take the business to the next level.
The UK deli market. The sandwich has truly stood the test of time, with as many as 4 billion sandwiches purchased from UK retail or eating outlets each year.. Today, according to experts, the UK sandwich sector is worth more than £8 billion a year and has over 300,000 employees. While the UK has an estimated 12,000 to 15,000 independent sandwich bars, big-name retailers continue to dominate ...
1. Don't worry about finding an exact match. We have over 550 sample business plan templates. So, make sure the plan is a close match, but don't get hung up on the details. Your business is unique and will differ from any example or template you come across. So, use this example as a starting point and customize it to your needs.
Get your readers excited about your deli and convince them to keep reading. Introduce key elements of your business plan in this section as well. An overview of the budget, the business's mission and core values, and a coherent vision of your brand would be at home in the executive summary. Describe which consumers your business will cater to ...
Deli Business Plan Form. A deli business plan template can help you quickly and easily create a business plan to help you fulfill your dream of owning a deli. A good deli business plan can help you stand out from your competition as well as provide you with a roadmap to success. It should address subjects such as where the ingredients will be ...
Leasehold: Buying a leasehold means paying for the business, fixtures and fittings, goodwill and the right to occupy a premises for the length of the lease. Rental costs can vary - a small deli in the north of England may cost £10,000 per annum whereas large shop in Oxfordshire may cost £24,000 per annum.
How to open a deli. Many questions might arise when opening a deli, and you might not find all your answers in one go. That's why we've put together a complete guide to lead you through the process. Between market research, finding a location or putting together a business plan, we've detailed each step to make it easier for you.
A business plan is a written document that describes your business. It covers objectives, strategies, sales, marketing and financial forecasts. A business plan helps you to: You'll need a ...
Determining the startup costs for your deli business is a critical step in the planning process. These costs encompass various expenses required to get your deli up and running. It's important to consider both one-time costs and ongoing expenses. Here are some common startup costs to consider when creating your deli business plan:
The Plan. Our restaurant business plan is structured to cover all essential aspects needed for a comprehensive strategy. It outlines the restaurant's operations, marketing strategy, market environment, competitors, management team, and financial forecasts. Executive Summary: Offers an overview of the restaurant's business concept, market ...
Develop a menu that reflects the unique identity of your deli, focusing on variety, quality, and consistency. Branding and Marketing. Create a strong brand identity, including name, logo, and marketing materials —plan effective strategies to reach your audience. Staffing. Hire a team that shares your vision and passion, trained in food ...
BusinessesForSale.com takes a look at the the deli sector in the UK Due Diligence Checklist: Buying a Business in The UK If you're thinking of buying a business, there's one significant step you shouldn't underestimate: due diligence. We'll offer a helpful checklist on what due diligence entails when buying a business in the UK.
A comprehensive deli business plan should encompass several key elements, including market research, financial projections, and operational strategies. Market research is essential to understand your target demographic, their eating habits, and what they expect from a deli. It involves examining the local food industry, pinpointing direct ...
2. Write your Deli Business Plan. To set yourself and your deli up for success in the long-term, your deli business plan should be a comprehensive strategy to start and manage your store. This is the time for you to get your vision down on paper, to ensure that you have a holistic view of where your company is and where you want it to go. A ...
4 practical tips for opening a deli. 1. Take advantage of all the tools at your disposal, including social media. "We put a lot of time and effort into our social platforms, but we make sure that 100 percent of the content for The East Street Deli comes from us, which makes it authentic," Warren says.
Cash at End of Period. $62,819. $139,503. $244,960. Download This Plan. Explore a real-world deli restaurant business plan example and download a free template with this information to start writing your own business plan.
Here are writing tips to help you make the details of your deli's operations plan an interesting read (really!) Always keep the audience in mind. Use some of the vocabulary introduced in this article. Find your voice. The operations plan is all about the finer details. Infuse your unique vision into your writing style.
5.2.1 Sales Forecast. Cost control is a critical focus of our sales forecast. We will adhere to the following gross margin % for menu items: Coffee drinks: 14%. Lunch items: 30%. Bakery goods: 26%. The following is the Bronx Deli and Bakery's sales forecast for three years.
This template includes a complete deli business plan example, with a financial forecast and the following sections: Executive summary: the executive summary gives the reader a clear and concise overview of your business idea. Company: this section lays out the structure of your business, including its location, management team and legal form.
A deli worker murdered a staff member from the business next door after a row over sausage rolls being thrown as seagull food. The years of "long standing antagonism" between workers at two ...
Investors want a breakdown of your business's spending in the first year and a comparison of the costs to the deli's revenue. This includes both fixed costs, like equipment, supplies, and loan payments, to variable costs such as payroll and marketing. The financial section of your business plan will include different reports that give ...
Speaking from the Downing Street Rose Garden, the Prime Minister promised no more "business as usual" and his intention to "reverse a decade of decline". But voters will be wary of more ...