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    Income Statements

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    api-288179012
    The Family Circle Restaurant pro forma income statement summarizes projected sales, costs, expenses and profits for the first two fiscal years of operation. In the first year, total sales are projected to be $1,279,320 with net income of $44,750. In the second year, total sales are projected to increase to $1,765,894 with net income increasing to $262,315. Operating expenses are projected to be 49.2% of sales in both years.

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    Income Statements

    Uploaded by

    api-288179012
    113 views2 pages
    The Family Circle Restaurant pro forma income statement summarizes projected sales, costs, expenses and profits for the first two fiscal years of operation. In the first year, total sales are projected to be $1,279,320 with net income of $44,750. In the second year, total sales are projected to increase to $1,765,894 with net income increasing to $262,315. Operating expenses are projected to be 49.2% of sales in both years.

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    income statements (1)

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    The Family Circle Restaurant pro forma income statement summarizes projected sales, costs, expenses and profits for the first two fiscal years of operation. In the first year, total sales are projected to be $1,279,320 with net income of $44,750. In the second year, total sales are projected to increase to $1,765,894 with net income increasing to $262,315. Operating expenses are projected to be 49.2% of sales in both years.

    Copyright:

    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
    Download as xls, pdf, or txt
    113 views2 pages

    Income Statements

    Uploaded by

    api-288179012
    The Family Circle Restaurant pro forma income statement summarizes projected sales, costs, expenses and profits for the first two fiscal years of operation. In the first year, total sales are projected to be $1,279,320 with net income of $44,750. In the second year, total sales are projected to increase to $1,765,894 with net income increasing to $262,315. Operating expenses are projected to be 49.2% of sales in both years.

    Copyright:

    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
    Download as xls, pdf, or txt
    of 2

    THE FAMILY CIRCLE

    Pro Forma Income Statement


    First Fiscal Year
    Jan

    Feb

    Mar

    May

    Jun

    Jul

    Aug

    Sep

    Oct

    82,154
    14,498
    96,652

    92,419
    16,309
    108,728

    103,936
    18,342
    122,278

    104,084
    18,368
    122,452

    115,786
    20,433
    136,219

    117,809
    20,790
    138,599

    120,868
    21,330
    142,198

    42,768
    7,547
    50,315

    113,842
    20,090
    133,932

    1,087,422
    191,898
    1,279,320

    85.0%
    15.0%
    100.0%

    23,711
    4,168
    27,878

    24,745
    4,349
    29,094

    27,837
    4,893
    32,730

    31,306
    5,503
    36,808

    31,350
    5,510
    36,861

    34,875
    6,130
    41,005

    35,484
    6,237
    41,721

    36,406
    6,399
    42,805

    12,882
    2,264
    15,146

    34,289
    6,027
    40,316

    327,533
    57,569
    385,102

    30.1%
    30.0%
    30.1%

    67,059

    64,734

    67,558

    75,999

    85,470

    85,591

    95,214

    96,878

    99,393

    35,169

    93,615

    894,218

    69.9%

    11,521
    1,142
    2,837
    276
    788
    906
    512
    1,418
    19,400

    28,056
    2,782
    6,908
    672
    1,919
    2,207
    1,247
    3,454
    47,244

    27,083
    2,686
    6,668
    648
    1,852
    2,130
    1,204
    3,334
    45,605

    28,264
    2,803
    6,959
    677
    1,933
    2,223
    1,256
    3,479
    47,595

    31,796
    3,153
    7,828
    761
    2,175
    2,501
    1,413
    3,914
    53,542

    35,758
    3,546
    8,804
    856
    2,446
    2,812
    1,590
    4,402
    60,214

    35,809
    3,551
    8,817
    857
    2,449
    2,816
    1,592
    4,408
    60,299

    39,835
    3,950
    9,808
    954
    2,724
    3,133
    1,771
    4,904
    67,079

    40,531
    4,019
    9,979
    970
    2,772
    3,188
    1,802
    4,990
    68,251

    41,583
    4,124
    10,238
    995
    2,844
    3,271
    1,849
    5,119
    70,023

    14,714
    1,459
    3,623
    352
    1,006
    1,157
    654
    1,811
    24,777

    39,166
    3,884
    9,643
    938
    2,679
    3,080
    1,741
    4,822
    65,952

    374,117
    37,100
    92,111
    8,955
    25,586
    29,424
    16,631
    46,056
    629,981

    29.2%
    2.9%
    7.2%
    0.7%
    2.0%
    2.3%
    1.3%
    3.6%
    49.2%

    8,137

    19,816

    19,129

    19,963

    22,457

    25,256

    25,292

    28,135

    28,627

    29,370

    10,392

    27,663

    264,237

    20.7%

    8,056

    8,056

    8,056

    8,056

    8,056

    8,056

    8,056

    8,056

    8,056

    8,056

    8,056

    8,056

    96,673

    5.8%

    81

    11,760

    11,072

    11,907

    14,401

    17,200

    17,236

    20,079

    20,571

    21,314

    2,336

    19,607

    167,564

    13.1%

    Interest
    Income Tax
    Depreciation

    394
    2,758
    630

    959
    6,716
    1,535

    926
    6,483
    1,482

    967
    6,766
    1,546

    1,087
    7,611
    1,740

    1,223
    8,559
    1,956

    1,225
    8,572
    1,959

    1,362
    9,535
    2,180

    1,386
    9,702
    2,218

    1,422
    9,954
    2,275

    503
    3,522
    805

    1,339
    9,375
    2,143

    12,793
    89,552
    20,469

    1.0%
    7.0%
    1.6%

    Net Income

    (3,701)

    2,549

    2,182

    2,628

    3,963

    5,461

    5,480

    7,002

    7,265

    7,663

    (2,494)

    6,749

    44,750

    3.5%

    Sales
    Food
    Beverage
    Total Sales

    33,487
    5,909
    39,396

    81,548
    14,391
    95,939

    78,720
    13,892
    92,612

    Cost of Sales
    Food
    Beverage
    Total Cost of Sales

    10,086
    1,773
    11,859

    24,562
    4,317
    28,880

    27,537

    Gross Profit
    Operating Expenses
    Salaries & Wages
    Employee Benefits
    Direct Operating Expenses
    Music and Entertainment
    Marketing
    Utilities
    Repairs & Maintenance
    General & Administrative Expenses
    Total Operating Expenses
    Operating Profit
    Rent and Other Occupation Costs
    IBITDA

    Apr

    Nov

    Dec

    Total

    THE FAMILY CIRCLE RESTAURANT


    Pro Forma Income Statement
    Second Fiscal Year
    Q1
    Sales
    Food
    Beverage
    Total Sales

    $
    $

    Cost of Sales
    Food
    Beverage
    Total Cost of Sales

    $
    $

    Gross Profit

    Operating Profit

    314,886

    $
    $

    66,919
    $
    $
    $

    $
    $

    111,440
    19,587
    131,028
    304,250

    $
    $

    64,658
    $
    $
    $

    $
    $

    112,665
    19,803
    132,468
    307,593

    $
    $

    65,369
    $
    $
    $

    $
    $

    112,665
    19,803
    132,468
    307,593

    $
    $

    $
    $
    $
    $
    $

    85.0%
    15.0%
    100.0%

    452,106
    79,465
    531,571

    30.1%
    30.0%
    30.1%

    1,234,323

    69.9%

    516,408
    51,211
    127,144
    12,361
    35,318
    40,616
    22,957
    63,572
    869,586

    29.2%
    2.9%
    7.2%
    0.7%
    2.0%
    2.3%
    1.3%
    3.6%
    49.2%

    364,737

    20.7%

    102,422

    5.8%

    $
    $
    $
    $
    $
    $
    $
    $
    $
    $

    25,524

    1,501,010
    264,884
    1,765,894

    128,689
    12,762
    31,684
    3,080
    8,801
    10,121
    5,721
    15,842
    216,701
    90,892

    4,401
    30,804
    7,041
    23,123

    $
    $

    $
    $
    $
    $
    $
    $
    $
    $

    25,524

    Total
    374,052
    66,009
    440,061

    128,689
    12,762
    31,684
    3,080
    8,801
    10,121
    5,721
    15,842
    216,701
    90,892

    4,353
    30,469
    6,964
    22,872

    $
    $

    $
    $
    $
    $
    $
    $
    $
    $

    25,246

    Q4
    374,052
    66,009
    440,061

    127,290
    12,623
    31,340
    3,047
    8,706
    10,011
    5,659
    15,670
    214,346
    89,904

    4,505
    31,535
    7,208
    23,671

    $
    $

    $
    $
    $
    $
    $
    $
    $
    $

    26,129

    Q3
    369,986
    65,292
    435,278

    131,740
    13,064
    32,436
    3,153
    9,010
    10,361
    5,856
    16,218
    221,839
    93,047

    Interest
    Income Tax
    Depreciation
    Net Income

    $
    $

    115,336
    20,272
    135,608

    $
    $
    $
    $
    $
    $
    $
    $

    Rent and Other Occupation Costs


    IBITDA

    $
    $

    382,920
    67,574
    450,494

    Operating Expenses
    Salaries & Wages
    Employee Benefits
    Direct Operating Expenses
    Music and Entertainment
    Marketing
    Utilities
    Repairs & Maintenance
    General & Administrative Expenses
    Total Operating Expenses

    Q2

    65,369

    262,315

    14.9%

    4,401
    30,804
    7,041

    $
    $
    $

    17,659
    123,613
    28,254

    1.0%
    7.0%
    1.6%

    23,123

    92,789

    5.3%

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