Professional Documents
Culture Documents
100
150
200
250
250
60
60
60
60
60
10
10
10
10
10
Driver Salary
300
300
300
300
300
Driver Salary
12
12
12
12
12
2015
2016
2017
2018
2019
60,000
90,000
120,000
150,000
150,000
7,200
7,200
7,200
10,800
10,800
18,000
27,000
36,000
45,000
54,000
Maintenance
1,500
1,500
1,500
2,250
2,250
Miselenious
1,000
1,000
1,000
1,000
1,000
Depreciation
5,000
5,000
5,000
7,500
7,500
EBIT
27,300
48,300
69,300
83,450
74,450
TAX
5,460
9,660
13,860
16,690
14,890
21,840
38,640
55,440
66,760
59,560
30,000
NWC
5,000
2,500
2,500
1,000
1,000
FCF
21,840
41,140
57,940
43,260
66,060
19,854.55
34,000.00
43,531.18
29,547.16
41,018.06
Expenses
Driver Wage
Fuel
Net Income
CAPEX
PV
300
300
300
300
300
300
60
66
66
66
66
66
10
10
10
10
10
10
300
300
300
300
300
300
12
12
12
12
12
12
2020
2021
2022
2023
2024
2025
180,000
198,000
198,000
198,000
198,000
198,000
10,800
10,800
10,800
10,800
10,800
10,800
63,000
72,000
81,000
90,000
99,000
108,000
2,250
2,250
2,250
2,250
2,250
2,250
1,000
1,000
1,000
1,000
1,000
1,000
7,500
7,500
7,500
7,500
7,500
7,500
95,450
104,450
95,450
86,450
77,450
68,450
19,090
20,890
19,090
17,290
15,490
13,690
76,360
83,560
76,360
69,160
61,960
54,760
1,000
1,000
1,000
1,000
1,000
1,000
82,860
90,060
82,860
75,660
68,460
61,260
46,772.31
46,215.02
38,654.80
32,087.23
26,394.29
21,471.26
2015
100
60000
7200
18000
1500
1000
5000
32700
Students
Revenue
Salary Costs
Fuel Costs
Maintenance Costs
Miscellaneous
Depreciation
Total Operating Expenses
EBIT/ Operating Income
Interest
Earning before Taxes
Tax
2016
150
90000
7200
27000
1500
1000
5000
2017
200
120000
7200
36000
1500
1000
5000
2018
250
150000
10800
45000
2250
1000
7500
2019
300
180000
10800
54000
2250
1000
7500
5000
2500
7500
5000
2500
7500
Tax
Assumption
Depreciation Schedule
Net Working Capital
Net Working Capital
CAPEX 1
Salvage Value
Depreciation Amount
Useful life in years
Depreciation per year
CAPEX 2
Salvage Value
Depreciation Amount
Useful life in years
Depreciation per year
60000
10000
50000
10
5000
30000
5000
25000
10
2500
Depreciation 1
Depreciation 2
Total Depreciation
5000
5000
5000
5000
5000
5000
60000
5000
0
2020
350
210000
10800
63000
2250
1000
7500
2021
350
210000
10800
63000
2250
1000
7500
2022
350
231000
10800
63000
2250
1000
7500
2023
350
254100
10800
63000
2250
1000
7500
2024
350
279510
10800
63000
2250
1000
7500
5000
2500
7500
5000
2500
7500
5000
2500
7500
5000
2500
7500
5000
2500
7500
CAPEX/ Store
1st Year Sales
90000
50000
33%
Operating Exp
Rent / Month
Salaries
Utilities /month
ADMIN / year (4000/50000)
Depreciation
TAX 20%
YR 2
YR 3
YR 4
1500
300 * 3 people/ Store
400
4000
9000
100000
170000
203000
YR 5 New Store
300000
GM 1%/YR ( Means 34 %)
Inventory in YR 1 is (20% of Sales)
Inventory stays constant as % of Sales
Change in NWC in YR 1
Change in NWC in YR 2
10000
10000
10000
Year 1
Revenue from Sales of Goods/Services
Other Operating Income
Financial Income
CoGS
Gross Profit
Salary Expenses
Rent
Utilities
ADMIN
Total Expenses
Depreciation & Amortization
EBIT
Total Interest Expense
EBT
Taxes
Net Income / EBIAT
Stores
Sales
Increase in sales (%) / year
Total Sales per year
Gross Margin Percentage of Sales
Gross Margin Amount
CoGS
Expenses / Year
Number of Stores
Rent per year
Employee Salary per year
Number of Employees
Utilities per year
Operating duration (Months)
ADMIN per year
Total Expenses
Depreciation
CAPEX
Depreciation Amount
Useful life in years
Depreciation per year
Total Depreciation Per Year
$
$
$
$
$
$
$
$
Year 2
Year 3
Year 4
50,000
50,000 $
33,500
100,000
100,000 $
67,000
170,000
170,000 $
113,900
203,000
203,000
136,010
16,500 $
(10,800)
(18,000)
(4,800)
(4,000)
(37,600) $
33,000 $
(10,800)
(18,000)
(4,800)
12,000
(21,600) $
56,100 $
(10,800)
(18,000)
(4,800)
17,600
(16,000) $
66,990
(10,800)
(18,000)
(4,800)
20,240
(13,360)
(9,000)
(30,100) $
(30,100) $
(30,100) $
(9,000)
2,400 $
2,400 $
(20,000)
22,400 $
(9,000)
31,100 $
31,100 $
(34,000)
65,100 $
(9,000)
44,630
44,630
(40,600)
85,230
1
100,000
0%
100,000
33%
33,000
67,000
1
170,000
0%
170,000
33%
56,100
113,900
$
$
1
203,000
0%
203,000
33%
66,990
136,010
1
50,000
0%
50,000
33%
16,500
33,500
$
$
$
$
$
$
$
$
$
$
1
(18,000)
(10,800)
3
(4,800)
12
(4,000)
(37,600) $
1
(18,000)
(10,800)
3
(4,800)
12
12,000
(21,600) $
1
(18,000)
(10,800)
3
(4,800)
12
17,600
(16,000) $
1
(18,000)
(10,800)
3
(4,800)
12
20,240
(13,360)
90,000
90,000
10
9,000
(9,000) $
90,000
90,000
10
9,000
(9,000) $
90,000
90,000
10
9,000
(9,000) $
90,000
90,000
10
9,000
(9,000)
TAX
TAX percentage /year
Applicable tax amount
Total Tax Expenses
Inventory
Inventory percentage of sales
Sales
Inventory
FCF
EBIAT
+Dep
-CAPEX
-Change In NWC
FCF
0%
50,000
$
20%
100,000
(20,000) $
20%
170,000
(34,000) $
20%
203,000
(40,600)
$
$
20%
50,000 $
10,000 $
20%
100,000 $
20,000 $
20%
170,000 $
34,000 $
20%
203,000
40,600
(30,100)
(9,000)
90,000
10,000
(139,100) $
22,400
(9,000)
90,000
14,000
(90,600) $
65,100
(9,000)
90,000
6,600
(40,500) $
85,230
(9,000)
90,000
79,400
(93,170)
100%
100%
100%
-60%
-60%
-75%
50%
1354%
234%
22%
22%
-22%
41%
92%
66%
38%
38%
-9%
16%
30%
24%
42%
42%
-7%
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
600,000
600,000 $
396,000
660,000
660,000 $
429,000
726,000
726,000 $
464,640
798,600
798,600 $
503,118
838,530
838,530 $
519,889
880,457
880,457
537,078
204,000 $
(21,600)
(36,000)
(4,800)
52,000
(10,400) $
231,000 $
(21,600)
(36,000)
(4,800)
56,800
(5,600) $
261,360 $
(21,600)
(36,000)
(4,800)
62,080
(320) $
295,482 $
(21,600)
(36,000)
(4,800)
67,888
5,488 $
318,641 $
(21,600)
(36,000)
(4,800)
71,082
8,682 $
343,378
(21,600)
(36,000)
(4,800)
74,437
12,037
(18,000)
175,600 $
175,600 $
(120,000)
295,600 $
(18,000)
207,400 $
207,400 $
(132,000)
339,400 $
(18,000)
243,040 $
243,040 $
(145,200)
388,240 $
(18,000)
282,970 $
282,970 $
(159,720)
442,690 $
(18,000)
309,324 $
309,324 $
(167,706)
477,030 $
(18,000)
337,415
337,415
(176,091)
513,506
$
$
2
300,000
0%
600,000
34%
204,000
396,000
2
330,000
10%
660,000
35%
231,000
429,000
2
363,000
10%
726,000
36%
261,360
464,640
2
399,300
10%
798,600
37%
295,482
503,118
2
419,265
5%
838,530
38%
318,641
519,889
$
$
2
440,228
5%
880,457
39%
343,378
537,078
2
(36,000)
(21,600)
6
(4,800)
12
52,000
(10,400) $
2
(36,000)
(21,600)
6
(4,800)
12
56,800
(5,600) $
2
(36,000)
(21,600)
6
(4,800)
12
62,080
(320) $
2
(36,000)
(21,600)
6
(4,800)
12
67,888
5,488 $
2
(36,000)
(21,600)
6
(4,800)
12
71,082
8,682 $
2
(36,000)
(21,600)
6
(4,800)
12
74,437
12,037
180,000
180,000
10
18,000
(18,000) $
180,000
180,000
10
18,000
(18,000) $
180,000
180,000
10
18,000
(18,000) $
180,000
180,000
10
18,000
(18,000) $
180,000
180,000
10
18,000
(18,000) $
180,000
180,000
10
18,000
(18,000)
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
20%
600,000
(120,000) $
20%
660,000
(132,000) $
20%
726,000
(145,200) $
20%
798,600
(159,720) $
20%
838,530
(167,706) $
20%
880,457
(176,091)
$
$
20%
600,000 $
120,000 $
20%
660,000 $
132,000 $
20%
726,000 $
145,200 $
20%
798,600 $
159,720 $
20%
838,530 $
167,706 $
20%
880,457
176,091
295,600
(18,000)
180,000
12,000
85,600 $
339,400
(18,000)
180,000
13,200
128,200 $
388,240
(18,000)
180,000
14,520
175,720 $
442,690
(18,000)
180,000
7,986
236,704 $
477,030
(18,000)
180,000
8,385
270,645 $
513,506
(18,000)
180,000
(176,091)
491,597
66%
75%
71%
49%
49%
-2%
9%
15%
13%
51%
51%
-1%
9%
15%
13%
53%
53%
0%
9%
14%
12%
55%
55%
1%
5%
9%
7%
57%
57%
1%
5%
8%
7%
58%
58%
1%