AVG. GROSS GROSS NET NET SERVICE

YEAR LINES PRICE REVENUE PER/LANE INCOME CASH FLOW COVERAGE ROI

1 10,500 $3.00 $1,328,320 56,598 $606,527 $606,527 N/A N/A

2 10,500 3.08 1,392,330 58,014 606,131 606,131 N/A N/A

3 10,500 3.16 1,426,299 59,429 604,916 604,916 N/A N/A

4 10,500 3.24 1,460,269 60,845 602,872 602,872 N/A N/A

5 10,500 3.32 1,494,238 62,260 599,992 599,992 N/A N/A

Prepared for: Anywhere Canada

PROJECTION TERM 5 GROWTH %

1. Lanes 32

2. Lineage 10,500 00.00%

3. Average Price/Line $3.00 $0.08

4. Arcade Games 25 COG %

5. Weekly/Machine $65.00 00.00%

6. Shoe Rental 10.00% 00.00%

7. Pro Shop 4.50% 66.00%

8. Vending 4.00% 50.00%

9. Bar 30.00% 30.00%

10. Food 20.00% 40.00%

11. Miscellaneous 1 $0 05.00%

12. Miscellaneous 2 $0 00.00%

GROWTH

15. Real Estate Tax $16,800.00 06.00%

16. Other Taxes $3,000.00 06.00%

17. Insurance/Lane $800.00 06.00%

18. General & Administration $0.00 06.00%

19. Income Tax Rate 0.00%

% of Gross Revenue

20. Payroll 22.00%

21. Payroll Tax 2.50% CURRENT

22. Repairs & Maintenance 1.00% Year 1 PRIME RATE:8.00%

23. Supplies 3.00%

24. Utilities 6.50% Loan Type

25. Telephone 0.75% 0 Normal Amortization

26. Outside Service 1.50% 1 Equal Principal Plus Interest

27. Advertising & Promotion 3.00%

Annual Amount

28. Miscellaneous 1 $0

29. Miscellaneous 2 $0

30. Miscellaneous 3 $0

31. Miscellaneous 4 $0

Down Loan Loan

Project Costs Costs Payment Amount Rate Term Type

33. Building $0 $0 $010.00% 15 0

34. Bowling Equipment $0 $0 $010.45% 10 0

32. Miscellaneous 1 $0 $0 $0 10.00% 15 0

32. Miscellaneous 2 $0 $0 $0 10.45% 10 0

37. Miscellaneous 3 $0 $0 $010.00% 15 0

38. Miscellaneous 4 $0 $0 $010.45% 10 0

39. Furniture & Fixtures $0 $0 $0 10.00% 5 0

40. Cash, Fees, & Inventory $0 $0 $013.00% 5 0

41. TOTAL $0 $0 $0

42. Commencement Month (1-12)

43. REAL ESTATE RENT (IF RENT IS CONSTANT, ONLY YEAR 1 ENTRY IS REQUIRED)

YEAR 1 $0 YEAR 6 $0

YEAR 2 $0 YEAR 7 $0

YEAR 3 $0 YEAR 8 $0

YEAR 4 $0 YEAR 9 $0

YEAR 5 $0 YEAR 10 $0

AMORTIZATION SCHEDULE

AMORTIZATION SCHEDULE

Remaining

Year Interest Principal Total Principal

1 $349,103 $159,307 $508,411 $3,320,693

2 $332,068 $176,342 $508,411 $3,174,320

3 $313,210 $195,201 $508,411 $2,979,150

4 $292,333 $216,078 $508,411 $2,763,072

5 $269,222 $239,189 $508,411 $2,523,883

6 $246,039 $211,378 $457,418 $2,312,505

7 $223,306 $234,112 $457,418 $2,078,393

8 $198,126 $259,292 $457,418 $1,819,101

9 $170,234 $287,183 $457,418 $1,531,918

10 $139,340 $318,078 $457,418 $1,213,840

REAL PROPERTY DEPRECIATION SCHEDULE

REAL PROPERTY

DEPRECIATION SCHEDULE

BUILDING COST $2,000,000

DEPRECIABLE PERIOD 39 YEARS

METHOD STRAIGHT LINE

Year Amount Percent Allocation

1 $2,000,000 1.28% $25,640

2 2,000,000 2.56% 51,280

3 2,000,000 2.56% 51,280

4 2,000,000 2.56% 51,280

5 2,000,000 2.56% 51,280

6 2,000,000 2.56% 51,280

7 2,000,000 2.56% 51,280

8 2,000,000 2.56% 51,280

9 2,000,000 2.56% 51,280

10 2,000,000 2.56% 51,280

TOTAL DEPRECIATION SCHEDULE

Year Amount Equipment Total

1 $25,640 $221,429 $247,069

2 51,280 379,592 430,872

3 51,280 271,137 322,417

4 51,280 193,669 244,949

5 51,280 138,332 189,615

6 51,280 98,811 150,091

7 51,280 70,579 121,859

8 51,280 0 51,280

9 -51,280 0 51,280

10 -51,280 0 51,280

LOAN AMORTIZATION

PERSONAL PROPERTY DEPRECIATION SCHEDULE

EQUIPMENT FINANCING

EQUIPMENT FINANCING

Equipment $1,300,000

Down Payment 390,000

Loan Amount $910,000

Term – Years 10

Interest Rate 10.45%

Monthly Payment $12,328

LOAN AMORTIZATION

Remaining

Year Interest Principal Total Principal

1 $93,839 $54,092 $147,931 $855,908

2 87,821 60,110 147,931 795,797

3 81,134 66,797 147,931 729,000

4 73,703 74,229 147,931 654,771

5 65,445 82,487 147,931 572,284

6 56,268 91,664 147,931 480,621

7 46,070 101,861 147,931 378,760

8 34,738 113,193 147,931 265,566

9 22,145 125,786 147,931 139,780

10 8,151 139,780 147,931 0

TOTAL PROJECT FINANCING

Total Project Costs $4,270,000

Equity Amount $1,494,500 (35%)

Total Financing $2,775,500

PROPOSPROPOSED BALANCE SHEET

ASSETS

CASH, INVENTORY & FEES $ 250,000

BRUNSWICK EQUIPMENT $ 2,540,000

FURNISHING & FIXTURES $ 750,000

OTHER $ 280,000

TOTAL ASSETS $ 3,820,000

LIABILITIES

BOWLING EQUIPMENT $ 1,651,000

ADDITIONAL FINANCING $ 200,000

TOTAL LIABILITIES $ 1,851,000

EQUITY $ 1,969,000

TOTAL LIABILITIES & EQUITY $ 3,820,000

WORKING CAPITAL & FEES $ 250,000

BRUNSWICK EQUIPMENT $ 889,000

FURNISHINGS & FIXTURES $ 50,000

PROJECT MANAGEMENT $ 280,000

INCIDENTALS $ 31,000

TOTAL $ 1,469,000

COSMIC BOWLING

LANE CENTER

Action Lighting

· – Accubeam 400

· – Accu Control

· – Derby Stars with controller

· – Blizzard III Foggers with controller

· – Imaginators

· – GoBoBanks

· – Star Flower

· – Mirror Ball with lights and motor

· – Ropelite and controller

· -LSB400 Laser, cable and connectors

Lane Lighting (Black Light)Please note… we will have lighting consultants working with us for this

· 63 – Double Tube Fixtures

· 20 – Single Tube Fixtures

· (Include fixture, lamp and reflector)

A/P Lights

· 40 – Double Tube Fixtures (including BL Lamp)

Sound System:

· Include:

- Amp

- Equalizer

- Mixer

- CD Player

- 10 Speakers

- Cable and Connectors

TO BE CONTINUED

Date: 2016-01-14; view: 744