Bubble and Bee Organic - Pro Forma Modeling Template

Balance Sheet Income Statement

2013 2014 2015 2016 2017 2014 2015 2016 2017
Assets Revenues 1,776,168 1,807,883 1,839,601 1,871,318
Current Assets Cost of Goods Sold 357,597 361,577 386,316 392,977
Cash 25,567 43,008 130,074 186,179 288,795 Gross Margin 1,418,571 1,446,307 1,453,284 1,478,341
Receivables 32,375 35,525 36,158 36,792 37,426 Expenses
Inventories 131,250 143,937 144,631 147,168 149,705 Selling 439,512 451,971 478,296 505,256
Total Current Assets 189,192 222,470 310,862 370,139 475,927 General & Administrative Variable 82,514 90,394 91,980 93,566
Fixed Assets General & Administrative Fixed 572,776 675,000 725,000 775,000
PP&E 395,785 470,185 470,185 570,185 570,185 Depreciation 87,221 95,221 105,221 105,221
Less Depreciation 120,221 207,442 302,663 407,884 513,105 Total Expenses 1,182,023 1,312,586 1,400,497 1,479,043
###
Total Fixed Assets 275,564 262,743 167,522 162,301 57,080 EBIT 236,548 133,721 52,787 (702)
Net Interest Expense 7,535 - - -
Total Assets 464,756 485,213 478,384 532,440 533,007 Taxable Income 229,013 133,721 52,787 (702)
Taxes -
Liabilities & Shareholder's Equity Net Income 229,013 133,721 52,787 (702)
Current Liabilities Cash Flow Statement
Accounts Payable 44,625 53,286 72,315 73,584 74,853
Accrued Liabilities - - - - - Cash Provided (used) by Operations
Bank Loan 201,796 159,579 - - - Net Income 229,013 133,721 52,787 (702)
Total Current Liabilities 246,421 212,865 72,315 73,584 74,853 Plus Depreciation 87,221 95,221 105,221 105,221
Long Term Liabilities - - Change in Working Capital
Total Liabilities 246,421 212,865 72,315 73,584 74,853 Decrease (increase) in Receivables (3,150) (633) (634) (634)
Decrease (increase) in Inventory (12,687) (694) (2,537) (2,537)
Shareholder's Equity Increase (decrease) in Accts. Payable 8,661 19,029 1,269 1,269
Member's Equity 150,000 150,000 150,000 150,000 150,000 Increase (decrease) in Accrued Liabilities -
Retained Earnings 68,335 122,348 256,069 308,856 308,154 Cash Provided (used) by Operations 309,058 246,645 156,105 102,616
Total Shareholder's Equity 218,335 272,348 406,069 458,856 458,154 Cash Provided (used) by Investments
Additions to PP&E (74,400) (100,000)
Total Liabilities and Shareholder's Equity 464,756 485,213 478,384 532,440 533,007 Other Investments -
Cash Provided (used) by Investments (74,400) - (100,000) -
Cash Provided (used) by Financing Activities
Assumptions 2014 2015 2016 2017 Additions (reductions) to Debt (42,217) (159,579)
Revenue Growth of about 15% per year 1776166 1807883.25 1839600.5 1871317.75 Net issues of Stock -
Unit Demand 126,869 126,869 126,869 126,869 (Dividends - Owner Draws) (175,000)
Average Selling Price $ 14.00 $ 14.25 $ 14.50 $ 14.75 Cash Provided (used) by Financing Activities (217,217) (159,579) - -
COGS % as a % of Revenues 20% 20% 20% Net increase (decrease) in cash 17,441 87,066 56,105 102,616
Selling Expense as a % of Revenues 25% 26% 27%
General and Administrative Expense
Variable G&A as a % of Revenue 5% 5% 5%
Fixed G&A Expense 675,000 725,000 775,000
Depreciation Expense Ratios 2,014 2,015 2,016 2,017
Existing Equipment 87,221 95,221 95,221 95,221 Current Ratio 1.05 4.30 5.03 6.36
Building - 30 years Quick ratio 0.37 2.30 3.03 4.36
New Equipment - 10,000 10,000
Total 87,221 95,221 105,221 105,221 Cash conversion cycle
Net Interest Expense Inventory to sales 146.92 146.00 139.05 139.05
###
Tax Rate NA due to LLC Sales to cash 7.30 7.30 7.30 7.30
Receivables as a % of Revenues 35523 36158 36792 37426 Purchases to payment 54.39 73.00 69.52 69.52
Inventory as a % of Revenues 144,631 147,168 149,705 Cash conversion cycle 99.83 80.30 76.82 76.82
Accounts Payable as a % Revenues 71046.64 72,315 73,584 74,853
Accrued Liabilities % of Revenues Leverage Ratio
Additions to PP&E 100,000 - Total debt to assets 0.33 - - -
Debt Interest coverage 42.97 - - -
Additions to Debt - Bank Loan
(Reductions) to Debt - Bank Loan Profitability ratio
Additions to Debt - Long Term Debt Gross profit margin 0.80 0.80 0.79 0.79
(Reductions) to Debt - Long Term Debt Opersating profit margin 0.13 0.07 0.03 -0.00
Equity only financing Net profit argin 0.13 0.07 0.03 0.00
Dividends - Owner Draws 175,000 175,000 175,000 NOPAT margin 0.13 0.07 0.03 0.00
Bubble and Bee Organic - Pro Forma Modeling Template
Balance Sheet
2013 2014 2015 2016
Assets
Current Assets
Cash 25,567 43,008 233,341 342,469
Receivables 32,375 35,525 40,852 46,980
Inventories 131,250 143,937 163,406 187,919
Total Current Assets 189,192 222,470 437,599 577,368
Fixed Assets
PP&E 395,785 470,185 470,185 570,185
Less Depreciation 120,221 207,442 302,663 407,884
Total Fixed Assets 275,564 262,743 167,522 162,301

Total Assets 464,756 485,213 605,121 739,669

Liabilities & Shareholder's Equity

Current Liabilities
Accounts Payable 44,625 53,286 81,703 93,959
Accrued Liabilities - - - -
Bank Loan 201,796 159,579 - -
Total Current Liabilities 246,421 212,865 81,703 93,959
Long Term Liabilities - -
Total Liabilities 246,421 212,865 81,703 93,959

Shareholder's Equity
Member's Equity 150,000 150,000 150,000 150,000
Retained Earnings 68,335 122,348 373,417 495,709
Total Shareholder's Equity 218,335 272,348 523,417 645,709

Total Liabilities and Shareholder's Equity 464,756 485,213 605,121 739,669

Assumptions 2014 2015 2016

Revenue Growth of about 15% per year 1776166 2042580.75 2348985.5
Unit Demand 126,869 143,339 161,999
Average Selling Price $ 14.00 $ 14.25 $ 14.50
COGS % as a % of Revenues 20% 20%
Selling Expense as a % of Revenues 25% 26%
General and Administrative Expense
Variable G&A as a % of Revenue 5% 5%
Fixed G&A Expense 675,000 725,000
Depreciation Expense
Existing Equipment 87,221 95,221 95,221
Building - 30 years
New Equipment - 10,000
Total 87,221 95,221 105,221
Net Interest Expense
Tax Rate NA due to LLC
Receivables as a % of Revenues 35523 40852 46980
Inventory as a % of Revenues 163,406 187,919
Accounts Payable as a % Revenues 71046.64 81,703 93,959
Accrued Liabilities % of Revenues
Additions to PP&E 100,000
Debt
Additions to Debt - Bank Loan
(Reductions) to Debt - Bank Loan
Additions to Debt - Long Term Debt
(Reductions) to Debt - Long Term Debt
Equity only financing
Dividends - Owner Draws 175,000 175,000
 Income Statement
2017 2014 2015
Revenues 1,776,168 2,042,581
Cost of Goods Sold 357,597 408,516
640,954 Gross Margin 1,418,571 1,634,065
54,027 Expenses
216,106 Selling 439,512 510,645
911,087 General & Administrative Variable 82,514 102,129
General & Administrative Fixed 572,776 675,000
570,185 Depreciation 87,221 95,221
513,105 Total Expenses 1,182,023 1,382,995
57,080 EBIT 236,548 251,069
Net Interest Expense 7,535 -
968,167 Taxable Income 229,013 251,069
Taxes -
Net Income 229,013 251,069
Cash Flow Statement
108,053
- Cash Provided (used) by Operations
- Net Income 229,013 251,069
108,053 Plus Depreciation 87,221 95,221
Change in Working Capital
108,053 Decrease (increase) in Receivables (3,150) (5,327)
Decrease (increase) in Inventory (12,687) (19,469)
Increase (decrease) in Accts. Payable 8,661 28,417
150,000 Increase (decrease) in Accrued Liabilities -
710,113 Cash Provided (used) by Operations 309,058 349,912
860,113 Cash Provided (used) by Investments
Additions to PP&E (74,400)
968,167 Other Investments -
Cash Provided (used) by Investments (74,400) -
Cash Provided (used) by Financing Activities
2017 Additions (reductions) to Debt (42,217) (159,579)
2701329.75 Net issues of Stock -
183,141 (Dividends - Owner Draws) (175,000)
$ 14.75 Cash Provided (used) by Financing Activities (217,217) (159,579)
20% Net increase (decrease) in cash 17,441 190,333
27%

5%
775,000
Ratios 2,014 2,015
95,221 Current Ratio 1.05 5.36
Quick ratio 0.37 3.36
10,000
105,221 Cash conversion cycle
Inventory to sales 146.92 146.00
Sales to cash 7.30 7.30
 54027 Purchases to payment 54.39 73.00
216,106 Cash conversion cycle 99.83 80.30
108,053
Leverage Ratio
- Total debt to assets 0.33 -
Interest coverage 42.97 -

Profitability ratio
Gross profit margin 0.80 0.80
Opersating profit margin 0.13 0.12
Net profit argin 0.13 0.12
175,000 NOPAT margin 0.13 0.12
 2016 2017
2,348,986 2,701,330
493,287 567,279
1,855,699 2,134,051

610,736 729,359
117,449 135,066
725,000 775,000
105,221 105,221
1,558,407 1,744,647
###
297,292 389,404
- -
297,292 389,404

297,292 389,404

297,292 389,404
105,221 105,221

(6,128) (7,047)
(24,512) (28,188)
12,256 14,094

384,129 473,484

(100,000)

(100,000) -

(175,000) (175,000)
(175,000) (175,000)
109,129 298,484

2,016 2,017
6.14 8.43
4.14 6.43

139.05 139.05
7.30 7.30
69.52 69.52
76.82 76.82

- -
- -

0.79 0.79
0.13 0.14
0.13 0.14
0.13 0.14