PBH BUSINESS PLAN

8/9/2019 PBH BUSINESS PLAN

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CONFIDENTIAL

Pacific Boarding House

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Business Plan‘PBH11’

Prepared January 2015

Contact Information Oliver West

[email protected]

310/927-9090


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Table of Contents

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Company

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Marketing

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Strategy and Implementation

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Important

The financial assumptions listed below havebeen made utilizing available data providedby nationally accredited sources and fromlocal business owners.

These are forward looking statements and inno way reflect a guarantee; however, basedon personal experience and the experiencesof businesses in the targeted area, webelieve these goals are attainable.


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Financial Plan

Revenue ForecastFY2016 FY2017 FY2018

Revenue

Liquor Bar $400,464 $604,336 $664,768

The Cafe $393,976 $607,600 $668,360

Raw Bar $353,434 $533,328 $586,656

In House Dining $2,107,350 $3,180,204 $3,498,210

Total Revenue $3,255,224 $4,925,468 $5,417,994

Direct Cost

Liquor Bar $80,093 $120,867 $132,954

The Cafe $98,494 $151,900 $167,090

Raw Bar $88,359 $133,332 $146,664

In House Dining $526,838 $795,051 $874,553

Total Direct Cost $793,784 $1,201,150 $1,321,261

Gross Margin $2,461,440 $3,724,318 $4,096,733

Gross Margin % 76% 76% 76%


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Revenue by Month

About the Revenue Forecast

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Personnel Plan

Personnel Table

FY2016 FY2017 FY2018

WAITSTAFF - 16 $115,200 $172,800 $172,800

BARTENDER - 8 $58,752 $88,128 $88,128

BUSSERS - 8 $70,560 $105,840 $105,840

RUNNERS - 4 $35,280 $52,920 $52,920

BACKS - 4 $36,000 $54,000 $54,000

DISHWASHERS - 9 $97,280 $145,920 $145,920

KITCHEN - 14 $199,680 $299,520 $299,520

PREP - 12 $103,040 $154,560 $154,560

FLOOR MANAGERS - 3 $91,800 $122,400 $122,400

ASSISTANT GENERAL MANAGER $36,000 $48,000 $48,000

GENERAL MANAGER $55,000 $60,000 $60,000

SOUS CHEF $39,600 $52,800 $52,800

STEWARD $28,160 $42,240 $42,240

CHEF $41,400 $55,200 $55,200

MANAGING PARTNER $72,000 $72,000 $72,000

BOOK KEEPER $38,400 $38,400 $38,400

Total $1,118,152 $1,564,728 $1,564,728

About the Personnel Plan

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Budget

Budget Table

FY2016 FY2017 FY2018

Operating Expenses

Salary $1,118,152 $1,564,728 $1,564,728

Employee Related Expenses $223,632 $312,948 $312,948

Advertising $13,000 $10,000 $10,000

PR $1,500 $1,500 $1,500

Direct Marketing $6,750 $7,000 $7,250

Web Development $10,000 $9,500 $9,500

Other Marketing Expenses $4,000 $4,000 $4,000

Kitchen and Service Ware $45,000 $45,000 $45,000

Cleaning Supplies $9,000 $12,000 $12,000

Paper Supplies $31,500 $42,000 $42,000

Office Supplies $6,300 $8,400 $8,400

Equipment Repairs $6,750 $9,000 $9,000

Cleaning Company $40,500 $54,000 $54,000

Exterminating $5,850 $7,800 $7,800

Linen Company $16,200 $21,600 $21,600

Trash Removal $9,000 $12,000 $12,000

Utilities $77,000 $96,000 $96,000

Rent $162,000 $216,000 $216,000

Real Estate Tax $54,000 $54,000 $54,000

Credit Card Charges $42,500 $60,000 $60,000

Bank Charges $4,122 $5,496 $5,496

Property Insurance $38,880 $38,880 $38,880

General and Liability Insurance $24,000 $24,000 $24,000

Complimentary Meals $10,000 $10,000 $10,000

Accountant $3,500 $3,500 $3,500

Lawyer $5,000 $5,000 $5,000


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Permits $20,075 $0 $0

Incorporation $865 $0 $0

Total Operating Expenses $1,989,076 $2,634,352 $2,634,602

Major Purchases

Kitchen Equipment $225,000 $0 $0

Buildout and Furnishing $350,000 $0 $0

Total Major Purchases $575,000 $0 $0

Expenses by Month

About the Budget

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Loans and Investments

FY2016 FY2017 FY2018

Investor A$401,017 $0 $0

Investor B$150,000 $0 $0

Investor C$100,000 $0 $0

Investor D$127,309 $0 $0

Total Amount Received $778,326 $0 $0


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Financial Statements

Profit and Loss StatementProfit and Loss Statement

FY2016 FY2017 FY2018

Revenue $3,255,224 $4,925,468 $5,417,994

Direct Cost $793,784 $1,201,150 $1,321,261

Gross Margin $2,461,440 $3,724,318 $4,096,733

Gross Margin % 76% 76% 76%

Operating Expenses

Salary $1,118,152 $1,564,728 $1,564,728

Employee Related Expenses $223,632 $312,948 $312,948

Advertising $13,000 $10,000 $10,000

PR $1,500 $1,500 $1,500

Direct Marketing $6,750 $7,000 $7,250

Web Development $10,000 $9,500 $9,500

Other Marketing Expenses $4,000 $4,000 $4,000

Kitchen and Service Ware $45,000 $45,000 $45,000

Cleaning Supplies $9,000 $12,000 $12,000

Paper Supplies $31,500 $42,000 $42,000

Office Supplies $6,300 $8,400 $8,400

Equipment Repairs $6,750 $9,000 $9,000

Cleaning Company $40,500 $54,000 $54,000

Exterminating $5,850 $7,800 $7,800

Linen Company $16,200 $21,600 $21,600

Trash Removal $9,000 $12,000 $12,000

Utilities $77,000 $96,000 $96,000

Rent $162,000 $216,000 $216,000


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Real Estate Tax $54,000 $54,000 $54,000

Credit Card Charges $42,500 $60,000 $60,000

Bank Charges $4,122 $5,496 $5,496

Property Insurance $38,880 $38,880 $38,880

General and Liability Insurance $24,000 $24,000 $24,000

Complimentary Meals $10,000 $10,000 $10,000

Accountant $3,500 $3,500 $3,500

Lawyer $5,000 $5,000 $5,000

Permits $20,075 $0 $0

Incorporation $865 $0 $0

Total Operating Expenses $1,989,076 $2,634,352 $2,634,602

Operating Income $472,364 $1,089,966 $1,462,131

Interest Incurred $105,484 $53,004 $24,254

Depreciation and Amortization $107,500 $115,000 $115,000

Income Taxes $51,876 $184,392 $264,575

Total Expenses $3,047,720 $4,187,898 $4,359,692

Net Profit $207,504 $737,570 $1,058,302

Net Profit / Sales 6% 15% 20%


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Balance Sheet

As of Period's End FY2016 FY2017 FY2018

Cash $312,505 $997,748 $2,046,051

Accounts Receivable $0 $0 $0

Inventory $100,093 $110,102 $110,110

Total Current Assets $412,598 $1,107,850 $2,156,161

Long-Term Assets $575,000 $575,000 $575,000

Accumulated Depreciation ($107,500) ($222,500) ($337,500)

Total Long-Term Assets $467,500 $352,500 $237,500

Total Assets $880,098 $1,460,350 $2,393,661

Accounts Payable $49,268 $51,950 $51,959

Sales Taxes Payable $0 $0 $0

Short-Term Debt $396,017 $236,017 $111,017

Total Current Liabilities $445,285 $287,967 $162,976

Long-Term Debt $0 $0 $0

Total Liabilities $445,285 $287,967 $162,976

Paid-In Capital $227,309 $227,309 $227,309

Retained Earnings $0 $207,504 $945,074

Earnings $207,504 $737,570 $1,058,302

Total Owner's Equity $434,813 $1,172,383 $2,230,685

Total Liabilities & Equity $880,098 $1,460,350 $2,393,661


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Cash Flow Statement

Cash Flow Statement

FY2016 FY2017 FY2018

Operations

Net Profit $207,504 $737,570 $1,058,302

Depreciation and Amortization $107,500 $115,000 $115,000

Change in Accounts Receivable $0 $0 $0

Change in Inventory ($100,093) ($10,009) ($8)

Change in Accounts Payable $49,268 $2,682 $9

Change in Sales Taxes Payable $0 $0 $0

Net Cash Flow from Operations $264,179 $845,243 $1,173,303

Investing & Financing

Assets Purchased or Sold ($575,000) $0 $0

Investments Received $227,309 $0 $0

Change in Short-Term Debt $396,017 ($160,000) ($125,000)

Change in Long-Term Debt $0 $0 $0

Net Cash Flow from Investing &Financing

$48,326 ($160,000) ($125,000)

Cash at Beginning of Period $0 $312,505 $997,748

Net Change in Cash $312,505 $685,243 $1,048,303

Cash at End of Period $312,505 $997,748 $2,046,051


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Cash Flow by Month

Cash Flow by Year

Documents

PBH BUSINESS PLAN