Cling A' Neo Acoustic Bar and Restaurant

Sales Forecast
for the year 2020

Volume
Food
Beverages
Combo Meals
Set Beer & Liquor
Sales
Food
Beverages
Combo Meals
Set Beer & Liquor
TOTAL SALES -

Page 19
 CLING A' NEO ACOUSTIC BAR & RESTAURANT
Projected Income Statement
for the year 2020

Sales
Food
Beverages
Set Meals
Set Drinks
Total Sales
Cost of Sales
Gross Margin
Other Income
Service Charge
Total Income
Operating Expenses
Salaries&Wages
Direct Operating Expenses
Marketing Expenses
Utilities
Rent Expense
Admin.&Gen. Expenses
Repairs & Maintenance
Depreciation
Total Operating Expenses
EBIT -
Interest Expense 90,000
Income Tax -
Net Profit (90,000)

Assumptions:
Cost of Sales is 65% of the Total Sales
Expenses are as per breakdown on Annex A
Depreciation Expenses computation on Annex B
Service Charge Income is at an average rate of 3% on gross sales on the first year
Salaries and Wages Expenses Increased at 7% on the 3rd Year
Interest Expense is based on this Bank Loan Agreement:
Principal Amount: 600,000
Interest Rate: 15%
Period: Payable in 6 (Six) years
Income Tax is at 32%
Page 20
Annex A
Year 1

Salaries and Wages

Marketing Manager 154,000
Kitchen Manager 156,000
Operations Manager 150,000
Accountant 130,000
2 Cooks 180,000
1 Dishwasher 102,000
4 Service Crews 408,000
Purchasing Staff 102,000
Cashier 102,000
1,484,000

Direct Operating Expenses

Tableware, Linen, & Silverware 98,564
Kitchen Utensils 67,095
Menus & Drink Lists 2,451
Tissue Paper & Supplies 83,477
Sanitation Supplies 9,056
Dishwashing Supplies 8,972
Music & Entertainment 250,000
Permits & Licenses 7,634
Uniforms 7,558
Miscellaneous 33,000
567,807
Marketing
Tarpaulins & Banners 78,293
Advertising Expense 89,000
Flyers 11,326
Layout designs 7,150
185,769

Utililties
Water 78,000
Power 560,000
638,000

Rent Expense
Space Rental 780,000
780,000

Admin.&Gen Expenses
Telephone - Restaurant 17,244
Office - Printing & Supplies 89,532
Postage & Communication 25,260
132,036
REPAIRS & MAINTENANCE
Repairs - Building 348,763
Repairs - Equipment 15,245
364,008
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Annex B
Depreciation Expense

Item Book Value Salvage Value difference Useful Life yearly dep
Computer Set 15,000 5,000 10,000 10 1,000
Airconditioning Units 80,000 40,500 39,500 10 3,950
Fryers 45,000 15,000 30,000 10 3,000
Stoves 5,000 1,000 4,000 10 400
Freezer 15,000 7,300 7,700 10 770
Keyboard 25,000 12,000 13,000 10 1,300
Guitar 15,000 4,500 10,500 10 1,050
Drums 35,000 15,500 19,500 10 1,950
Tables & Chairs 45,000 12,500 32,500 10 3,250
Vault 7,500 2,500 5,000 10 500
Weighing Scale 3,500 1,250 2,250 10 225
Sound System and Speakers 175,000 45,000 130,000 10 13,000
Total 466,000 30,395
Page 25