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Free Sample Indian Restaurant Business Plan - Page 13
6.1 Financials: Pro-forma Income & Expense Statement
As indicated in our earlier discussions, we expect that with the opening of other restaurants the total income for our combined new operations will be substantiall more than the current income for the Indian Express Restaurant that will be controlled by Welcome Restaurants USA Inc. Our proforma financials have been put together with a very conservative growth with only one of restaurant to give investors and banks a better idea of the profitabilty in an average environment with a steady growth rate consistent with our peers in the restaurant business. We would like to point out however that we anticipate a siginificantly better sales picture as indicated in our sales projections.
| Welcome Restaurants USA Inc. | ||||
| Proforma Income & Expense Statement | ||||
| 2009 | 2010 | 2011 | ||
| SALES | $1,875,000 | $1,968,750 | $2,067,188 | |
| Cost of Goods Sold | $656,250 | $669,375 | $682,172 | |
| Gross Profit | $1,218,750 | $1,299,375 | $1,385,016 | |
| Gross Margin % | 65.00% | 66.00% | 67.00% | |
| OPERATING EXPENSES | ||||
| Accounting & Legal Fees | $9,375 | $9,656 | $9,946 | |
| Advertising | $18,750 | $19,688 | $20,672 | |
| Auto Expenses | $5,438 | $5,546 | $5,657 | |
| Bad Debts | $18,750 | $18,938 | $19,127 | |
| Bank charges | $5,250 | $5,303 | $5,356 | |
| Credit card processing | $37,500 | $38,250 | $39,015 | |
| Catering & Banquet Supplies | $4,688 | $4,781 | $4,877 | |
| Cleaning / Janitorial Services | $5,625 | $5,794 | $5,968 | |
| Depreciation | $34,700 | $34,700 | $34,700 | |
| Charitable Donations | $5,000 | $5,000 | $5,000 | |
| Employer Taxes | $33,240 | $34,902 | $36,647 | |
| Entertainment | $5,625 | $5,738 | $5,852 | |
| Extermination | $4,875 | $5,021 | $5,172 | |
| Flowers & Decoration | $4,688 | $4,828 | $4,973 | |
| Gifts | $14,063 | $14,063 | $14,063 | |
| Gross Wages | $349,891 | $367,385 | $385,754 | |
| Insurance | $18,750 | $19,313 | $19,892 | |
| Kitchen Utensils | $4,688 | $4,828 | $4,973 | |
| Linen & Laundry | $5,250 | $5,408 | $5,570 | |
| Miscelleaneous Expenses | $5,063 | $5,164 | $5,267 | |
| Musician / Music | $5,625 | $5,738 | $5,852 | |
| Paper & Printing Services | $6,563 | $6,694 | $6,828 | |
| Rent | $210,000 | $220,500 | $231,525 | |
| Office Expenses | $4,688 | $4,922 | $5,168 | |
| Office Supplies | $10,000 | $10,200 | $10,404 | |
| Subscriptions, Licenses & Fees | $4,125 | $4,331 | $4,548 | |
| Security & Computer maintenance | $2,813 | $2,869 | $2,926 | |
| Tableware / Cutlery | $5,625 | $5,794 | $5,968 | |
| Telephone | $3,750 | $3,788 | $3,825 | |
| Training | $15,000 | $15,750 | $16,538 | |
| Utilities | $4,500 | $4,725 | $4,961 | |
| Web Design | $2,813 | $2,953 | $3,101 | |
| TOTAL OPERATING EXPENSES | $866,705 | $902,566 | $940,122 | |
| Profit before Interest & Taxes | $352,045 | $396,809 | $444,893 | |
| Interest Expenses | $14,134 | $12,419 | $10,563 | |
| Provisional Taxes | $123,216 | $138,883 | $155,713 | |
| NET INCOME | $214,696 | $245,507 | $278,618 | |
| % of Sales | 11.45% | 12.47% | 13.48% | |
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