ASHLOOOOGLE.

COM WATERFALL FORECAST

Budget
Actual Results

Revenues FY 2006
January February March April May
Operating Plan $ 5,000 $ 25,000 $ 50,000 $ 100,000 $ 150,000
January $ 3,750 $ 25,000 $ 51,250 $ 100,000 $ 150,000
February $ 17,000 $ 60,000 $ 77,275 $ 100,000
March $ 22,000 $ 25,000 $ 40,000
April $ 32,000 $ 40,000
May $ 45,660
June
July
August
September

Gross Margin FY 2006

January February March April May
Operating Plan $ 2,500 $ 12,500 $ 25,000 $ 50,000 $ 75,000
January $ 1,875 $ 12,500 $ 25,625 $ 50,000 $ 75,000
February $ 8,500 $ 30,000 $ 38,638 $ 50,000
March $ 11,000 $ 12,500 $ 20,000
April $ 16,000 $ 20,000
May $ 22,830
June
July
August
September

Operating Expenses FY 2006

January February March April May
Operating Plan $ 100,000 $ 100,000 $ 100,000 $ 120,000 $ 140,000
January $ 65,000 $ 100,000 $ 100,000 $ 120,000 $ 140,000
February $ 80,000 $ 110,000 $ 120,000 $ 140,000
March $ 80,000 $ 80,000 $ 100,000
April $ 85,000 $ 100,000
May $ 110,000
June
July
August
September

Cash Balance FY 2006

 January February March April May
Operating Plan $ 652,500 $ 565,000 $ 490,000 $ 420,000 $ 355,000
January $ 686,875 $ 599,375 $ 540,375 $ 470,375 $ 405,375
February $ 615,375 $ 535,375 $ 454,013 $ 364,013
March $ 546,375 $ 478,875 $ 398,875
April $ 477,375 $ 397,375
May $ 390,205
June
July
August
September

This waterfall template created by Josh Kopelman of First Round Capital. Feel free to distribute freely with attribution.
http://www.firstround.com
COM WATERFALL FORECAST

FY 2006 FY 2006 By Qtr

June July August September Q1 Q2 Q3
$ 200,000 $ 250,000 $ 325,000 $ 400,000 $ 80,000 $ 450,000 $ 975,000
$ 200,000 $ 250,000 $ 325,000 $ 400,000 $ 80,000 $ 450,000 $ 975,000
$ 240,000 $ 250,000 $ 325,000 $ 400,000 $ 80,750 $ 417,275 $ 975,000
$ 50,000 $ 75,000 $ 125,000 $ 200,000 $ 42,750 $ 115,000 $ 400,000
$ 50,000 $ 75,000 $ 125,000 $ 200,000 $ 122,000 $ 400,000
$ 60,000 $ 75,000 $ 125,000 $ 200,000 $ 137,660 $ 400,000
$ 75,000 $ 100,000 $ 150,000 $ 275,000 $ 152,660 $ 525,000
$ 115,000 $ 175,000 $ 275,000 $ 565,000
$ 167,000 $ 275,000 $ 557,000
$ 245,000 $ 527,000

FY 2006 FY 2006 By Qtr

June July August September Q1 Q2 Q3
$ 100,000 $ 125,000 $ 162,500 $ 200,000 $ 40,000 $ 225,000 $ 487,500
$ 100,000 $ 125,000 $ 162,500 $ 200,000 $ 40,000 $ 225,000 $ 487,500
$ 120,000 $ 125,000 $ 162,500 $ 200,000 $ 40,375 $ 208,638 $ 487,500
$ 25,000 $ 37,500 $ 62,500 $ 100,000 $ 21,375 $ 57,500 $ 200,000
$ 25,000 $ 37,500 $ 62,500 $ 100,000 $ 61,000 $ 200,000
$ 30,000 $ 37,500 $ 62,500 $ 100,000 $ 68,830 $ 200,000
$ 37,500 $ 50,000 $ 75,000 $ 137,500 $ 76,330 $ 262,500
$ 57,500 $ 75,000 $ 137,500 $ 270,000
$ 70,000 $ 125,000 $ 252,500
$ 122,500 $ 250,000

FY 2006 FY 2006 By Qtr

June July August September Q1 Q2 Q3
$ 180,000 $ 180,000 $ 235,000 $ 250,000 $ 300,000 $ 440,000 $ 665,000
$ 180,000 $ 180,000 $ 235,000 $ 250,000 $ 265,000 $ 440,000 $ 665,000
$ 180,000 $ 180,000 $ 235,000 $ 250,000 $ 255,000 $ 440,000 $ 665,000
$ 150,000 $ 200,000 $ 200,000 $ 250,000 $ 225,000 $ 330,000 $ 650,000
$ 150,000 $ 250,000 $ 250,000 $ 250,000 $ 335,000 $ 750,000
$ 170,000 $ 180,000 $ 235,000 $ 250,000 $ 365,000 $ 665,000
$ 150,000 $ 180,000 $ 235,000 $ 275,000 $ 345,000 $ 690,000
$ 173,000 $ 235,000 $ 250,000 $ 658,000
$ 200,000 $ 225,000 $ 598,000
$ 225,000 $ 598,000

FY 2006 FY 2006 By Qtr

 June July August September Q1 Q2 Q3
$ 275,000 $ 220,000 $ 147,500 $ 97,500 $ 490,000 $ 275,000 $ 97,500
$ 325,375 $ 270,375 $ 197,875 $ 147,875 $ 540,375 $ 325,375 $ 147,875
$ 304,013 $ 249,013 $ 176,513 $ 126,513 $ 535,375 $ 304,013 $ 126,513
$ 273,875 $ 111,375 $ (26,125) $ (176,125) $ 546,375 $ 273,875 $ (176,125)
$ 272,375 $ 59,875 $ (127,625) $ (277,625) $ 272,375 $ (277,625)
$ 250,205 $ 107,705 $ (64,795) $ (214,795) $ 250,205 $ (214,795)
$ 277,705 $ 147,705 $ (12,295) $ (149,795) $ 277,705 $ (149,795)
$ 162,205 $ 27,205 $ (85,295) $ (85,295)
$ 59,205 $ (15,795) $ (15,795)
$ (43,295) $ (43,295)

e freely with attribution.

 First year costs
Maintenance 70,000
Personnel Co 564,480
Materials Co 25,000
Facility Cost 1,200,000
Marketing 250,000
Land Acquisi 994,000
Additional C 50,000
Total Cost 3,153,480

Yearly Costs
Maintenance 70,000
Personnel Co 564,480
Materials Co 15,000
Marketing 250,000
Additional C 50,000
Total Cost 949,480

Total Net Cash Flows

Hotel Franchise Affiliate Annual Total Cash
EOY Income Income Income Costs Cash Flow Flows
0 3,153,480 -3,153,480 -3,153,480
1 300,000 1,042,000 30,000 287,844 1,084,156 -2,069,324
2 500,000 1,042,000 50,000 959,480 632,520 -1,436,804
3 650,000 1,042,000 65,000 959,480 797,520 -639,284
4 800,000 1,042,000 80,000 959,480 962,520 323,236
5 820,000 1,042,000 82,000 959,480 984,520 1,307,756
6 900,000 1,042,000 90,000 959,480 1,072,520 2,380,276
7 850,000 1,042,000 85,000 959,480 1,017,520 3,397,796
8 870,000 1,042,000 87,000 959,480 1,039,520 4,437,316
9 820,000 1,042,000 82,000 959,480 984,520 5,421,836
10 850,000 1,042,000 85,000 959,480 1,017,520 6,439,356

20% of Sales
Franchise A 150,000
Franchise B 130,000
Franchise C 72,000
Franchise D 480,000
Franchise E 210,000
Total Incom 1,042,000

Xj J (EOY) K NPV
-3,153,480 0 0 -3,153,480
1,084,156 1 0 967,996
632,520 2 0 504,241
797,520 3 0 567,659
962,520 4 0 611,699
984,520 5 0 558,643
1,072,520 6 0 543,372
1,017,520 7 0 460,274
1,039,520 8 0 419,845
984,520 9 0 355,028
1,017,520 10 0 327,614
TOTAL NPV 2,162,891