You will create pro-forma financial statements in which you will estimate the financial operations of your business. This will include a pro-forma income statement, pro-forma statement of cash flows, and a pro-forma balance sheet. You need to project out each of these for 3 years (all 3 years can be listed on one statement). These are estimations, but will be used to help you project how your business will do.

Start Up Costs

Expenses

Rental Down payment $3,000.00 Consulting $200.00 Contracting $5,000.00 Design $500.00 Website Design $2,000.00 Logo Design $1,000.00 License and Permit $200.00 Technology and Equipment $4,000.00 Advertising and Marketing $6,000.00 Legal Fees $3,000.00 Insurance Premium $4,000.00 Gas Service Hook Up $20,000.00

Total Start Up Expenses $48,900.00

Assets

Cash $40,000.00 Machines $45,000.00 Cafe Equipment $20,000.00 Card Readers $4,800.00 Furniture $10,000.00 Water Heater $40,000.00

Total Assets $159,800.00

Total Requirements $192,700.00

Start Up Funding

Liabilities

Accounts Payable $20,000.00 Current Debt $10,000.00 Long Term Liabilities $122,700.00 Total Liabilities $152,700.00

Capital

Owner $40,000.00 Investor $0.00

Total Capital $40,000.00

Operating Expenses

Fixed Costs Yearly Expenses Rent $36,000.00 Maintenance $4,000.00 Insurance Premium $2,000.00 Payroll FT Employees $190,000.00 Payroll PT Employees $95,000.00 Employee Benefits $137,280.00 Administration Materials $1,000.00 Total Fixed Costs $465,280.00

Variable Costs

Utilities $24,000.00 Laundromat Materials $3,000.00 Cafe Materials $65,000.00 Total Variable Costs $92,000.00

Total Operating Expenses $649,280.00