UFO RESTAURANT

                                                                       Income Statement

                                                                                  Year 1-3

 

Year 1 Year 2 Year 3
Net Revenue  
Food $401,544      $802,734 $1,373,028
Liquid 341,536 568,308 959,972
Banquet 260,000 780,000 1,300,000
Video Games 195,000 1,430,000 2,600,000
Total Revenues/Sales $1,198,080 $3,581,042 $6,233,000
Cost of Goods Sold
Food $140,540 $280,956 $480,560
Liquid 51,230 85,246 143,995
Banquet 52,000 156,000 260,000
Video Games 48,750 357,500 650,000
Total Cost of Goods $292,520 $879,702 $1,534,555
Gross Profit $905,560 $2,701,340 $4,698,445
Operating Expenses (Fixed)
Taxes $120,000 $126,001 $132,001
Advertising 96,000 100,801 105,601
Accounting 12,000 12,601 13,201
Legal 9,600 10,081 10,561
Telephone 7,200 7,561 7,921
Building Maitainance 60,000 63,001 66,001
Supplies 36,000 37,801 39,601
Utilities 192,000 201,601 211,201
Depreciation 150,000 157,501 165,001
Insurance 200,000 210,001 220,001
Payroll Taxes 95,760 100,549 105,337
Other 36,000 37,801 39,601
Total Operating Expense $1,014,560 $1,065,295 $1,116,028
Operating Profit (loss) ($109,000) $1,636,045 $3,582,417
Gross Profit(loss) ($109,000) $1,636,045 $3,582,417
Provision For Income Taxes
Federal and State Income $0 $728,000 $1,138,200
Net Income (Loss)* ($109,000) $908,045 $2,444,217

                                                                     

*Net Income (loss) may be off due to rounding

 

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                                                      Cashflow Forecast                 Projected Balance Sheet