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Virtual Shopping (Financial Information)

 
Business Plans: Virtual Shopping (Financial Information)
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(continued)

Executive Summary

Business Description

The Market

Marketing

Technology/System Summary

The Management Team

Competition

Future Plans

Summary

Financial Information

Sources & Uses of Investment Proceeds

Sources
Proceeds of Offering$2,500,000
Total Sources$2,500,000
Uses
Point'n Click Booth Development & Construction of 50 PCBs750,000
PCBR&D50,000
Total for PCB$800,000
Retailer's Point 'n Click Desktop
RPCD Lease Units (50)625,000
RPCDR&D50,000
Total for RPCD$675,000
Office Equipment50,000
Retire A/P & Short Term Debt102,000
Legal & Professional Fees25,000
Supplement Working Capital848,000
Total Uses$2,500,000

Point 'n Click Booth Unit Economics

Cost15,000
Revenue
Tenant Lease Revenue33,000(10 Tenants @ $275/month)
Total Revenue 33,000
Direct Expenses
PCB Service Expense4,800($400 per PCB/month)
PCB Rent3,300(Rent @ $100/sq. ft. or 10% of Rev.)
Total Direct Expenses8,100
Gross Margin24,900

Break Even Analysis - Pcb

Std.Rev. Assumptions*Lower Case Assumptions**Better Case Assumptions
*Assumes PCB tenant revenue drops to 50% of base assumption.
**Assumes PCB tenant revenue is 150% of base assumption.
FY 1995 SG&A$1,045,000$1,045,000$1,045,000
PCB Net Contribution$24,900$8,400$41,400
Number of PCB's Installed to B/E4212425

Profit and Loss: April Through December 1994

Income
Software Unit Sales2,200.00
Interest Income2,852.23
Tenant Lease Revenue6,000.00
Total Income11,052.23
Cost of Goods Sold
Software Unit Cost2,200.00
Total COGS2,200.00
Gross Profit8,852.23
Expense
Communications7,751.43
Depreciation Expense27,073.35
Independent Con1,644.00
Insurance125.20
Interest Expense5,876.82
Location Service2,801.01
R&D
PCBC1,000.00
R&D-Other19,691.75
Total R&D20,691.75
SG&A
Ads & PROM6,188.28
Bank Charge470.69
Freight886.87
L&P Fees23,520.61
Office14,605.24
Payroll Expenses
Employee Benefits1,047.14
Gross Wages250,991.63
Total Payroll Expenses252,038.77
Payroll Service726.51
Payroll Taxes
FICA16,099.79
FUTA182.40
SUI795.15
Total Payroll Taxes17,077.34
Rent Paid15,566.11
Secretarial SVC1,471.11
Telephone Exp.20,673.97
Trade Associations745.00
Trade Shows6,257.10
Travel
Dining4,196.98
Travel - Other38,192.93
Total Travel42,389.91
Total SG&A402,617.51
Software Exp.3,693.59
Tax100.00
Video Wall Exp.1,211.28
RPCD Service409.00
Total Expense473,994.94
Net Income−465,142.71

Balance Sheet As of December 31, 1994

Assets
Current Assets
Checking/Savings
Checking5,101.72
Firstar Chkg.14,633.61
Firstar MM23.407.48
Total Checking/Savings43,142.81
Other Current Assets
Deposits13,736.65
Undeposited Funds23.90
Total Other Current Assets13.760.55
Total Current Assets56,903.36
Fixed Assets
Accumulated Depreciation−40,019.35
Equipment229.121.22
Total Fixed Assets189,101.87
Other Assets
Loan to Officers10,500.00
Pre-Paid interest3.472.17
Total Other Assets13,972.17
Total Assets259,977.40
Liabilities & Equity
Liabilities
Current Liabilities
Accounts Payable
Accounts Payable12.197.96
Total Accounts Payable12,197.96
Credit Cards
Comp USA596.48
OfficeMax10.80
Staples44.53
Total Credit Cards651.81
Other Current Liabilities
Deferred Compensation20,833.29
JDH Bridge Loan54,975.93
Payroll Liabilities788.36
Total Other Current Liabilities76.597.58
Total Current Liabilities89,447.35
Long Term Liabilities
Lease Obligations11.722.93
Total Long Term Liabilities11.722.93
Total Liabilities101,170.28
Equity
Equity CS6,250.00
Preferred Stock4,000.00
Retained Earnings−237,250.17
Net Income−465,142.71
Surplus Capital850.950.00
Total Equity158.807.12
Total Liabilities & Equity259.977.40

Balance Sheet Comparison As of December 31, 1994

Dec 31, '94Dec 31, '93$ Change% Change
Assets
Current Assets
Checking/Savings
Checking5,101.7288,573.25−83,471.53−94.2%
Firstar Chkg.14,633.610.0014,633.61100.0%
Firstar MM23,407.480.0023,407.48100.0%
Total Checking/Savings43,142.8188,573.25−45.430.44−51.3%
Other Current Assets
Deposits13,736.650.0013,736.65100.0%
Undeposited Funds23.900.0023.90100.0%
Total Other Current Assets13,760.550.0013,760.55100.0%
Total Current Assets56,903.3688,573.25−31,669.89−35.8%
Fixed Assets
Accumulated Depreciation−40,019.350.00−40,019.35−100.0%
Equipment229,121.22103,865.20125,256.02120.6%
Total Fixed Assets189,101.87103,865.2085,236.6782.1%
Other Assets
Loan to Officers10,500.000.0010,500.00100.0%
Pre-Paid interest3,472.170.003,472.17100.0%
Total Other Assets13,972.170.0013,972.17100.0%
Total Assets259,977.40192,438.4567,583.9535.1%
Liabilities & Equity
Liabilities
Current Liabilities
Accounts Payable
Accounts Pay.12,197.960.0012,197.96100.0%
Total Aces Pay.12,197.960.0012,197.96100.0%
Credit Cards
Comp USA596.480.00596.48100.0%
OfficeMax10.800.0010.80100.0%
Staples44.530.0044.53100.0%
Total Credit Cards651.810.00651.81100.0%
Other Current Liabilities
Accounts Payable0.004,452.59−4,452.59−100.0%
Deferred Comp.20,833.290.0020,833.29100.0%
JDH Bridge Loan54,975.930.0054,975.93100.0%
Payroll Liabilities788.3699.07689.29695.8%
Total Other Current
Liabilities76,597.584,551.6672,045.921,582.9%
Total Current Liabilities89,447.354,551.6684,895.691,865.2%
Long Term Liabilities
Lease Obligations11,722.930.0011,722.93100.0%
Total Long Term Liabilities11,722.930.0011,722.93100.0%
Total Liabilities101,170.284,551.6696,618.622,122.7%
Equity
Equity CS6,250.005,250.001,000.0019.1%
Preferred Stock4,000.002,500.001,500.0060.0%
Retained Earnings−237,250.170.00237.250.17−100.0%
Net Income−465,142.71−72,313.21−392,829.50−543.2%
Surplus Capital850,950.00252,450.00598,500.00237.1%
Total Equity158,807.12187,886.79−29,079.67−15.5%
Total Liabilities & Equity259,977.40192,438.4567,538.9535.1%

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Business Plans. Business Plans Handbook. Copyright © 2006 by The Gale Group, Inc. All rights reserved.  Read more