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POR

FINANCIAL MOD

PORK AND MINDY'S

INANCIAL MODELING AND PROJECTIONS

Particulars

GYM MEMBERSHIPS
Prospects
Paid Trials
Existing Members
New Members
Paid Trails Conversion
Member Loss Rate

Assumption

60%
15%
50%

TOTAL MEMBERS (Excluding Paid Trials)


GYM REVENUE
Paid Trial Revenue

$89

Enrollment Fees for New Members (One-time Payment)

$75

Open Access Memberships


Number of Members
Membership Fees
Total Open Access Memberships Revenue
Team Training Memberships
Number of Members
Membership Fees
Total Team Training Memberships Revenue
Small Group Training Memberships
Number of Members
Membership Fees
Total Small Group Training Memberships Revenue
Personal / One-on-One Training Memberships
Number of Members
Membership Fees
Total Personal / One-on-One Training Memberships Revenue
TOTAL GYM MONTHLY REVENUE

BICYCLE STORE
Cycling Analysis
Total Cycling Analysis per Month
Cycling Analysis Cost
Total Revenue from Cycling Analysis
Bicycle Sales
Total Sales of Low-Range Bicycles

10%

25%

45%

20%

Total Sales of Mid-Range Bicycles


Total Sales of High-Range Bicycles
Average Cost of Low-Range Bicycles
Average Cost of Mid-Range Bicycles
Average Cost of High-Range Bicycles
Total Revenue from Bicycle Sales
Bicycle Accessory Sales (including Clothes)
Total Bicycle Accessory Revenue

35%

Bicycle E-Commerce
Total Bicycle E-Commerce Revenue

10%

Bicycle Service
Standard Tune-up
Deluxe Tune-up
Overhaul
Ancillary Revenue
Average Cost of Standard Tune-Up
Average Cost of Deluxe Tune-Up
Average Cost of Overhaul
Average Cost of Ancillary Service
Total Bicycle Service Revenue
TOTAL BICYCLE STORE MONTHLY REVENUE

RUNNING STORE
Shoe Sales
Total Sales of Low-Range Shoes
Total Sales of Mid-Range Shoes
Total Sales of High-Range Shoes
Average Cost of Low-Range Shoes
Average Cost of Mid-Range Shoes
Average Cost of High-Range Shoes
Total Revenue from Shoes
Clothing and Accessory Sales
Total Clothing and Accessory Revenue
TOTAL RUNNING STORE MONTHLY REVENUE

PERFORMANCE TESTING
Blood Lactate/ Adv. Met. Profile
Advance Metabolic Profile
Blood Lactate testing
Body Composition Analysis

20%

Consultation
Average Cost of Blood Lactate/ Adv. Met. Profile
Average Cost of Advance Metabolic Profile
Average Cost of Blood Lactate testing
Average Cost of Body Composition Analysis
Average Cost of Consultation
Total Revenue from Performance Testing
TOTAL REVENUE FROM PERFORMANCE TESTING

CLIENT AMENITIES
Child Care
Weekdays
Total Available Slots for Children
Turnover per Child Slot
Child Care Open Hours per Day
Average Occupancy % per Day
Average Occupancy per Day
Child Care Rate per Hour
Sales per Day
Sales per Month

20

Weekends
Total Available Slots for Children
Turnover per Child Slot
Child Care Open Hours per Day
Average Occupancy % per Day
Average Occupancy per Day
Child Care Rate per Hour
Sales per Day
Sales per Month

20

Total Childcare Revenue (Weekdays and Weekends)


Bike Valet
Total Available Bike Valet Slots
Average Occupancy % per Day
Average Occupancy per Day
Monthly Users Percentage
Daily Users Percentage
Monthly Users
Daily Users
Monthly User Fees
Daily User Fees
Sales from Daily Users
Sales from Monthly Users
Total Bike Valet Revenue
Caf
Average Customers per Day

30

Average Billing per Customer


Total Caf Revenue
TOTAL REVENUE FROM CLIENT AMENITIES

SWIMMING POOL
Swimming Pool Usage
Daily Users per Month
Monthly Users per Month
Daily User Fees
Monthly User Fees
Total Revenue from Swimming Pool Users
Swimming Training
Masters Group - Availability
Package Occupancy
Average Price per Package
Total Revenue from Masters Group
Kids Group - Availability
Package Occupancy
Total Number of Sessions per Week
Average Price per Session
Total Revenue from Kids Group
Adults Group - Availability
Package Occupancy
Total Number of Sessions per Week
Average Price per Session
Total Revenue from Adults Group
Individual Instruction - Availability
Package Occupancy
Average Price per Session
Total Revenue from Individual Instruction Group
Video Analysis
Package Occupancy
Average Price per Session
Total Revenue from Video Analysis
TOTAL REVENUE FROM SWIMMING POOL

SPA SERVICES
Hair Care
Color

30

Treatments
Skin Care Waxing
Facial
Threading
Eyelashes
Facial Treatments
Massage
Nails
Skin Care
Make Up Services
Spa Package
Average Cost of Hair Care
Average Cost of Color
Average Cost of Treatments
Average Cost of Skin Care Waxing
Average Cost of Facial
Average Cost of Threading
Average Cost of Eyelashes
Average Cost of Facial Treatments
Average Cost of Massage
Average Cost of Nails
Average Cost of Skin Care
Average Cost of Make Up Services
Average Cost of Spa Package

TOTAL REVENUE FROM SPA

STUDIOS
Computrainer Usage
Total Available Studio Slots
Average Occupancy % per Day
Average Occupancy per Day
Monthly Users Percentage
Daily Users Percentage
Monthly Users
Daily Users
Monthly User Fees
Daily User Fees
Sales from Daily Users
Sales from Monthly Users
Total Computrainer Revenue
Pilates Usage
Group Training Memebers
Average Group Training Cost per Session
Total Revenue from Group Training
Private Training Sessions

30

Average Group Training Cost per Session


Total Revenue from Private Training
TOTAL STUDIO REVENUE

TOTAL REVENUE FROM ALL REVENUE STREAMS

Year 1
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10
All Figures are in USD
250
150
0
38
0
25%

250
150
38
38
75
25%

250
150
141
38
75
25%

250
150
218
38
75
25%

250
150
276
38
75
25%

250
150
320
38
75
25%

350
210
353
53
75
25%

350
210
392
53
105
25%

350
210
452
53
105
25%

350
210
497
53
105
25%

38

141

218

276

320

353

392

452

497

530

$13,350

$13,350

$13,350

$13,350

$13,350

$13,350

$18,690

$18,690

$18,690

$18,690

$2,813

$2,813

$2,813

$2,813

$2,813

$2,813

$3,938

$3,938

$3,938

$3,938

4
$99
$396

14
$99
$1,386

22
$99
$2,178

28
$99
$2,772

32
$99
$3,168

35
$99
$3,465

39
$99
$3,861

45
$99
$4,455

50
$99
$4,950

53
$99
$5,247

10
$199
$1,990

35
$199
$6,965

55
$199
$10,945

69
$199
$13,731

80
$199
$15,920

88
$199
$17,512

98
$199
$19,502

113
$199
$22,487

124
$199
$24,676

133
$199
$26,467

17
$299
$5,083

63
$299
$18,837

98
$299
$29,302

124
$299
$37,076

144
$299
$43,056

159
$299
$47,541

176
$299
$52,624

203
$299
$60,697

224
$299
$66,976

239
$299
$71,461

7
$499
$3,493

29
$499
$14,471

43
$499
$21,457

55
$499
$27,445

64
$499
$31,936

71
$499
$35,429

79
$499
$39,421

91
$499
$45,409

99
$499
$49,401

105
$499
$52,395

$27,125

$57,822

$80,045

$97,187 $110,243 $120,110 $138,036 $155,676 $168,631 $178,198

5
$400
$2,000

5
$400
$2,000

10
$400
$4,000

10
$400
$4,000

15
$400
$6,000

15
$400
$6,000

15
$400
$6,000

20
$400
$8,000

20
$400
$8,000

20
$400
$8,000

12

12

2
1
$2,600
$3,500
$8,500
$23,300

2
1
$2,600
$3,500
$8,500
$23,300

4
2
$2,600
$3,500
$8,500
$44,000

4
2
$2,600
$3,500
$8,500
$44,000

4
4
$2,600
$3,500
$8,500
$61,000

7
4
$2,600
$3,500
$8,500
$79,300

7
4
$2,600
$3,500
$8,500
$79,300

7
10
10
5
5
7
$2,600
$2,600
$2,600
$3,500
$3,500
$3,500
$8,500
$8,500
$8,500
$87,800 $108,700 $125,700

$8,155

$8,155

$15,400

$15,400

$21,350

$27,755

$27,755

$30,730

$38,045

$43,995

$3,346

$3,346

$6,340

$6,340

$8,835

$11,306

$11,306

$12,653

$15,475

$17,770

25
5
2
25
$95
$165
$300
$30
$4,550

25
5
2
25
$95
$165
$300
$30
$4,550

25
5
2
25
$95
$165
$300
$30
$4,550

50
7
5
50
$95
$165
$300
$30
$8,905

50
7
5
50
$95
$165
$300
$30
$8,905

50
7
5
50
$95
$165
$300
$30
$8,905

75
10
7
75
$95
$165
$300
$30
$13,125

75
10
7
75
$95
$165
$300
$30
$13,125

75
10
7
75
$95
$165
$300
$30
$13,125

100
15
10
100
$95
$165
$300
$30
$17,975

$41,351

$41,351

$74,290

$78,645 $106,090 $133,266 $137,486 $152,308 $183,345 $213,440

50
75
25
$75
$125
$175
$17,500

50
75
25
$75
$125
$175
$17,500

100
75
25
$75
$125
$175
$21,250

100
150
50
$75
$125
$175
$35,000

150
150
50
$75
$125
$175
$38,750

150
150
50
$75
$125
$175
$38,750

200
300
100
$75
$125
$175
$70,000

200
300
100
$75
$125
$175
$70,000

250
250
300
500
100
150
$75
$75
$125
$125
$175
$175
$73,750 $107,500

$3,500

$3,500

$4,250

$7,000

$7,750

$7,750

$14,000

$14,000

$14,750

$21,000

$21,000

$25,500

$42,000

$46,500

$46,500

$84,000

$84,000

$88,500 $129,000

10
5
5
2

10
5
5
2

10
5
5
2

10
5
5
2

20
10
10
4

20
10
10
4

20
10
10
4

20
10
10
4

30
15
15
8

$21,500

30
15
15
8

10
$300
$200
$100
$25
$90
$5,450

10
$300
$200
$100
$25
$90
$5,450

10
$300
$200
$100
$25
$90
$5,450

10
$300
$200
$100
$25
$90
$5,450

20
$300
$200
$100
$25
$90
$10,900

20
$300
$200
$100
$25
$90
$10,900

20
$300
$200
$100
$25
$90
$10,900

20
$300
$200
$100
$25
$90
$10,900

30
$300
$200
$100
$25
$90
$16,400

30
$300
$200
$100
$25
$90
$16,400

$5,450

$5,450

$5,450

$5,450

$10,900

$10,900

$10,900

$10,900

$16,400

$16,400

300
4
12
10%
30
$80
$800
$16,000

300
4
12
12%
36
$80
$960
$19,200

300
4
12
15%
45
$80
$1,200
$24,000

300
4
12
15%
45
$80
$1,200
$24,000

300
4
12
15%
45
$80
$1,200
$24,000

300
4
12
18%
54
$80
$1,440
$28,800

300
4
12
18%
54
$80
$1,440
$28,800

300
4
12
20%
60
$80
$1,600
$32,000

300
4
12
20%
60
$80
$1,600
$32,000

300
4
12
24%
72
$80
$1,920
$38,400

300
2.5
12
8%
24
$80
$400
$8,000

300
2.5
12
8%
24
$80
$400
$8,000

300
2.5
12
8%
24
$80
$400
$8,000

300
2.5
12
10%
30
$80
$500
$10,000

300
2.5
12
10%
30
$80
$500
$10,000

300
2.5
12
10%
30
$80
$500
$10,000

300
2.5
12
12%
36
$80
$600
$12,000

300
2.5
12
12%
36
$80
$600
$12,000

300
2.5
12
12%
36
$80
$600
$12,000

300
2.5
12
14%
42
$80
$700
$14,000

$24,000

$27,200

$32,000

$34,000

$34,000

$38,800

$40,800

$44,000

$44,000

$52,400

75
5%
4
10%
90%
0
4
$50
$5
$20
$0
$600

75
7%
5
10%
90%
1
4
$50
$5
$20
$50
$2,100

75
9%
7
12%
88%
1
6
$50
$5
$30
$50
$2,400

75
11%
8
12%
88%
1
7
$50
$5
$35
$50
$2,550

75
13%
10
15%
85%
1
9
$50
$5
$45
$50
$2,850

75
13%
10
15%
85%
1
9
$50
$5
$45
$50
$2,850

75
15%
11
18%
82%
2
9
$50
$5
$45
$100
$4,350

75
15%
11
18%
82%
2
9
$50
$5
$45
$100
$4,350

75
15%
11
18%
82%
2
9
$50
$5
$45
$100
$4,350

75
17%
13
20%
80%
3
10
$50
$5
$50
$150
$6,000

30

50

75

75

90

90

120

120

150

150

$10
$9,000

$10
$15,000

$10
$22,500

$10
$22,500

$10
$27,000

$10
$27,000

$10
$36,000

$10
$36,000

$10
$45,000

$10
$45,000

$33,600

$44,300

$56,900

$59,050

$63,850

$68,650

$81,150

$84,350

$93,350 $103,400

100
20
$5
$50
$1,500

125
20
$5
$50
$1,625

150
30
$5
$50
$2,250

175
30
$5
$50
$2,375

175
30
$5
$50
$2,375

200
45
$5
$50
$3,250

200
45
$5
$50
$3,250

225
45
$5
$50
$3,375

225
60
$5
$50
$4,125

250
60
$5
$50
$4,250

100
25%
$60
$1,500

100
25%
$60
$1,500

100
27%
$60
$1,620

100
27%
$60
$1,620

100
30%
$60
$1,800

100
30%
$60
$1,800

100
30%
$60
$1,800

100
33%
$60
$1,980

100
33%
$60
$1,980

100
35%
$60
$2,100

20
25%
5
$38
$3,800

20
25%
5
$38
$3,800

20
25%
5
$38
$3,800

20
25%
5
$38
$3,800

20
30%
5
$38
$4,560

20
30%
5
$38
$4,560

20
30%
5
$38
$4,560

20
30%
5
$38
$4,560

20
35%
5
$38
$5,320

20
35%
5
$38
$5,320

20
25%
4
$15
$1,200

20
25%
4
$15
$1,200

20
25%
4
$15
$1,200

20
25%
4
$15
$1,200

20
30%
4
$15
$1,440

20
30%
4
$15
$1,440

20
30%
4
$15
$1,440

20
30%
4
$15
$1,440

20
35%
4
$15
$1,680

20
35%
4
$15
$1,680

12
25%
$90
$1,080

12
25%
$90
$1,080

12
25%
$90
$1,080

12
25%
$90
$1,080

12
30%
$90
$1,440

12
30%
$90
$1,440

12
30%
$90
$1,440

12
30%
$90
$1,440

12
35%
$90
$1,440

12
35%
$90
$1,440

12
25%
$80
$960

12
25%
$80
$960

12
25%
$80
$960

12
25%
$80
$960

12
30%
$80
$1,280

12
30%
$80
$1,280

12
30%
$80
$1,280

12
30%
$80
$1,280

12
35%
$80
$1,280

12
35%
$80
$1,280

$10,040

$10,165

$10,910

$11,035

$12,895

$13,770

$13,770

$14,075

$15,825

$16,070

20
20

20
20

25
25

25
25

30
30

30
30

35
35

35
35

40
40

40
40

20
30
60
30
30
15
60
30
30
60
30

20
30
60
30
30
15
60
30
30
60
30

20
30
60
30
30
20
60
30
30
60
35

25
35
70
35
35
20
70
35
35
70
35

25
35
70
35
35
25
70
35
35
70
40

25
35
70
35
35
25
70
35
35
70
40

30
40
80
40
40
30
80
40
40
80
45

30
40
80
40
40
30
80
40
40
80
45

30
40
80
40
40
35
80
40
40
80
45

35
45
100
45
45
35
100
45
45
100
50

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$34,900

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$34,900

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$37,415

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$41,655

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$44,170

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$44,170

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$50,925

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$50,925

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$52,315

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$59,680

$34,900

$34,900

$37,415

$41,655

$44,170

$44,170

$50,925

$50,925

$52,315

$59,680

72
15%
11
15%
85%
2
9
$75
$10
$90
$150
$7,200

72
18%
13
15%
85%
2
11
$75
$10
$110
$150
$7,800

72
20%
14
18%
82%
3
11
$75
$10
$110
$225
$10,050

72
22%
16
18%
82%
3
13
$75
$10
$130
$225
$10,650

72
24%
17
18%
82%
3
14
$75
$10
$140
$225
$10,950

72
25%
18
20%
80%
4
14
$75
$10
$140
$300
$13,200

72
25%
18
20%
80%
4
14
$75
$10
$140
$300
$13,200

72
28%
20
20%
80%
4
16
$75
$10
$160
$300
$13,800

72
28%
20
20%
80%
4
16
$75
$10
$160
$300
$13,800

72
30%
22
22%
78%
5
17
$75
$10
$170
$375
$16,350

25
$35
$875

25
$35
$875

50
$35
$1,750

50
$35
$1,750

75
$35
$2,625

75
$35
$2,625

100
$35
$3,500

100
$35
$3,500

125
$35
$4,375

125
$35
$4,375

40

40

60

60

80

80

120

120

140

140

$85
$3,400

$85
$3,400

$85
$5,100

$85
$5,100

$85
$6,800

$85
$6,800

$85
$10,200

$85
$10,200

$85
$11,900

$85
$11,900

$11,475

$12,075

$16,900

$17,500

$20,375

$22,625

$26,900

$27,500

$30,075

$32,625

$184,940 $227,062 $307,410 $352,522 $415,023 $459,990 $543,166 $579,734 $648,440 $748,812

Month 11 Month 12

Year 1

Assumption

350
210
530
53
105
25%

350
210
555
53
105
25%

555

574

$18,690

$18,690

$192,240

$3,938

$3,938

$40,500

56
$99
$5,544

57
$99
$5,643

139
$199
$27,661

144
$199
$28,656

250
$299
$74,750

258
$299
$77,142

110
$499
$54,890

115
$499
$57,385

30
$400
$12,000

15

15

400
240
648
80
144
23%

400
240
723
80
144
23%

400
240
781
80
144
23%

400
240
825
80
144
23%

400
240
859
80
144
23%

648

723

781

825

859

885

$89

$21,360

$21,360

$21,360

$21,360

$21,360

$21,360

$75

$6,000

$6,000

$6,000

$6,000

$6,000

$6,000

10%

65
$99
$6,435

72
$99
$7,128

78
$99
$7,722

83
$99
$8,217

86
$99
$8,514

89
$99
$8,811

25%

162
$199
$32,238

181
$199
$36,019

195
$199
$38,805

206
$199
$40,994

215
$199
$42,785

221
$199
$43,979

45%

292
$299
$87,308

325
351
371
387
398
$299
$299
$299
$299
$299
$97,175 $104,949 $110,929 $115,713 $119,002

20%

129
$499
$64,371

145
$499
$72,355

20%
60%

$43,065

$216,512

$584,545

$185,473 $191,454 $1,509,994

30
$400
$12,000

400
240
574
80
126
23%

60%

$433,132

195

Year 2
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6
All Figures are in U

157
$499
$78,343

165
$499
$82,335

171
$499
$85,329

177
$499
$88,323

$217,712 $240,037 $257,179 $269,835 $279,701 $287,475

$78,000

30
$400
$12,000

30
$400
$12,000

30
$400
$12,000

30
$400
$12,000

30
$400
$12,000

30
$400
$12,000

99

15

15

15

15

15

15

12
12
7
8
$2,600
$2,600
$3,500
$3,500
$8,500
$8,500
$140,500 $149,000

81
50

12
12
12
12
12
12
8
8
8
8
8
8
$2,600
$2,600
$2,600
$2,600
$2,600
$2,600
$3,500
$3,500
$3,500
$3,500
$3,500
$3,500
$8,500
$8,500
$8,500
$8,500
$8,500
$8,500
$149,000 $149,000 $149,000 $149,000 $149,000 $149,000

$965,900

$49,175

$52,150

$338,065

35%

$52,150

$52,150

$52,150

$52,150

$52,150

$52,150

$20,168

$21,315

$138,197

10%

$21,315

$21,315

$21,315

$21,315

$21,315

$21,315

100
15
10
100
$95
$165
$300
$30
$17,975

100
15
10
100
$95
$165
$300
$30
$17,975

750
111
72
750

100
15
10
100
$95
$165
$300
$30
$17,975

100
15
10
100
$95
$165
$300
$30
$17,975

100
15
10
100
$95
$165
$300
$30
$17,975

100
15
10
100
$95
$165
$300
$30
$17,975

100
15
10
100
$95
$165
$300
$30
$17,975

100
15
10
100
$95
$165
$300
$30
$17,975

$133,665

$239,818 $252,440 $1,653,827

$252,440 $252,440 $252,440 $252,440 $252,440 $252,440

300
500
150
$75
$125
$175
$111,250

300
500
150
$75
$125
$175
$111,250

$712,500

300
300
300
300
300
300
500
500
500
500
500
500
150
150
150
150
150
150
$75
$75
$75
$75
$75
$75
$125
$125
$125
$125
$125
$125
$175
$175
$175
$175
$175
$175
$111,250 $111,250 $111,250 $111,250 $111,250 $111,250

$22,250

$22,250

$142,500

$133,500 $133,500

$855,000

30
15
15
8

30
15
15
8

2100
3075
975

240
120
120
56

20%

$22,250

$22,250

$22,250

$22,250

$22,250

$22,250

$133,500 $133,500 $133,500 $133,500 $133,500 $133,500

32
18
18
10

32
18
18
10

32
18
18
10

32
18
18
10

32
18
18
10

32
18
18
10

30
$300
$200
$100
$25
$90
$16,400

30
$300
$200
$100
$25
$90
$16,400

240

$131,000

32
$300
$200
$100
$25
$90
$18,130

32
$300
$200
$100
$25
$90
$18,130

32
$300
$200
$100
$25
$90
$18,130

32
$300
$200
$100
$25
$90
$18,130

32
$300
$200
$100
$25
$90
$18,130

32
$300
$200
$100
$25
$90
$18,130

$16,400

$16,400

$131,000

$18,130

$18,130

$18,130

$18,130

$18,130

$18,130

300
4
12
24%
72
$80
$1,920
$38,400

300
4
12
28%
84
$80
$2,240
$44,800

$350,400

20

300
4
12
28%
84
$80
$2,240
$44,800

300
4
12
28%
84
$80
$2,240
$44,800

300
4
12
28%
84
$80
$2,240
$44,800

300
4
12
30%
90
$80
$2,400
$48,000

300
4
12
30%
90
$80
$2,400
$48,000

300
4
12
30%
90
$80
$2,400
$48,000

300
2.5
12
14%
42
$80
$700
$14,000

300
2.5
12
14%
42
$80
$700
$14,000

20

300
2.5
12
16%
48
$80
$800
$16,000

300
2.5
12
16%
48
$80
$800
$16,000

300
2.5
12
16%
48
$80
$800
$16,000

300
2.5
12
16%
48
$80
$800
$16,000

300
2.5
12
18%
54
$80
$900
$18,000

300
2.5
12
18%
54
$80
$900
$18,000

$132,000

$52,400

$58,800

$482,400

$60,800

$60,800

$60,800

$64,000

$66,000

$66,000

75
17%
13
20%
80%
3
10
$50
$5
$50
$150
$6,000

75
17%
13
20%
80%
3
10
$50
$5
$50
$150
$6,000

$44,400

75
20%
15
22%
78%
3
12
$50
$5
$60
$150
$6,300

75
20%
15
22%
78%
3
12
$50
$5
$60
$150
$6,300

75
20%
15
22%
78%
3
12
$50
$5
$60
$150
$6,300

75
22%
17
25%
75%
4
13
$50
$5
$65
$200
$7,950

75
22%
17
25%
75%
4
13
$50
$5
$65
$200
$7,950

75
22%
17
25%
75%
4
13
$50
$5
$65
$200
$7,950

180

180

200

200

200

220

220

220

30

$10
$54,000

$10
$54,000

$393,000

$112,400 $118,800

$919,800

250
60
$5
$50
$4,250

250
75
$5
$50
$5,000

100
35%
$60
$2,100

100
37%
$60
$2,220

20
35%
5
$38
$5,320

20
35%
5
$38
$5,320

20
35%
4
$15
$1,680

20
35%
4
$15
$1,680

12
35%
$90
$1,440

12
35%
$90
$1,440

12
35%
$80
$1,280

30

$10
$60,000

$10
$60,000

$10
$60,000

$10
$66,000

$10
$66,000

$10
$66,000

$127,100 $127,100 $127,100 $137,950 $139,950 $139,950

$37,625

300
75
$5
$50
$5,250

300
75
$5
$50
$5,250

300
75
$5
$50
$5,250

300
75
$5
$50
$5,250

325
90
$5
$50
$6,125

325
90
$5
$50
$6,125

$22,020

100
37%
$60
$2,220

100
40%
$60
$2,400

100
40%
$60
$2,400

100
40%
$60
$2,400

100
42%
$60
$2,520

100
42%
$60
$2,520

$54,720

20
40%
5
$38
$6,080

20
40%
5
$38
$6,080

20
40%
5
$38
$6,080

20
40%
5
$38
$6,080

20
50%
5
$38
$7,600

20
50%
5
$38
$7,600

$17,280

20
40%
4
$15
$1,920

20
40%
4
$15
$1,920

20
40%
4
$15
$1,920

20
40%
4
$15
$1,920

20
50%
4
$15
$2,400

20
50%
4
$15
$2,400

$15,840

12
40%
$90
$1,800

12
40%
$90
$1,800

12
40%
$90
$1,800

12
40%
$90
$1,800

12
50%
$90
$2,160

12
50%
$90
$2,160

12
35%
$80
$1,280

$14,080

12
40%
$80
$1,600

12
40%
$80
$1,600

12
40%
$80
$1,600

12
40%
$80
$1,600

12
50%
$80
$1,920

12
50%
$80
$1,920

$16,070

$16,940

$161,565

$18,870

$19,050

$19,050

$19,050

$22,725

$22,725

45
45

45
45

50
50

50
50

50
50

50
50

55
55

55
55

35
45
100
45
45
40
100
45
45
100
50

35
45
100
45
45
40
100
45
45
100
50

40
45
100
45
45
40
100
45
45
100
55

40
45
100
45
45
40
100
45
45
100
55

40
45
100
45
45
40
100
45
45
100
55

40
45
100
45
45
40
100
45
45
100
55

45
45
110
50
50
45
110
45
45
110
60

45
45
110
50
50
45
110
45
45
110
60

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$61,070

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$61,070

$573,195

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$64,425

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$64,425

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$64,425

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$64,425

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$70,530

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$70,530

$61,070

$61,070

$573,195

$64,425

$64,425

$64,425

$64,425

$70,530

$70,530

72
30%
22
22%
78%
5
17
$75
$10
$170
$375
$16,350

72
32%
23
22%
78%
5
18
$75
$10
$180
$375
$16,650

$150,000

72
32%
23
25%
75%
6
17
$75
$10
$170
$450
$18,600

72
32%
23
25%
75%
6
17
$75
$10
$170
$450
$18,600

72
32%
23
25%
75%
6
17
$75
$10
$170
$450
$18,600

72
34%
24
25%
75%
6
18
$75
$10
$180
$450
$18,900

72
34%
24
27%
73%
7
17
$75
$10
$170
$525
$20,850

72
34%
24
27%
73%
7
17
$75
$10
$170
$525
$20,850

150
$35
$5,250

150
$35
$5,250

$36,750

175
$35
$6,125

175
$35
$6,125

175
$35
$6,125

200
$35
$7,000

200
$35
$7,000

200
$35
$7,000

160

160

180

180

180

220

220

220

$85
$13,600

$85
$13,600

$35,200

$35,500

$102,000

$85
$15,300

$85
$15,300

$85
$15,300

$85
$18,700

$85
$18,700

$85
$18,700

$288,750

$40,025

$40,025

$40,025

$44,600

$46,550

$46,550

$799,930 $826,104 $6,093,131

$872,202 $894,707 $911,849 $939,930 $963,526 $971,300

Year 2
Month 7 Month 8
All Figures are in USD

Month 9

Month 10

Month 11

Month 12

Year 2

Assumption

Month 1

400
240
885
80
144
23%

400
240
905
80
144
23%

400
240
921
80
144
23%

400
240
933
80
144
23%

400
240
942
80
144
23%

400
240
949
80
144
23%

905

921

933

942

949

955

$21,360

$21,360

$21,360

$21,360

$21,360

$21,360

$256,320

$89

$26,700

$6,000

$6,000

$6,000

$6,000

$6,000

$6,000

$72,000

$75

$8,250

91
$99
$9,009

92
$99
$9,108

93
$99
$9,207

94
$99
$9,306

95
$99
$9,405

96
$99
$9,504

10%

101
$99
$9,999

226
$199
$44,974

230
$199
$45,770

233
$199
$46,367

236
$199
$46,964

237
$199
$47,163

239
$199
$47,561

25%

252
$199
$50,148

407
$299
$121,693

414
$299
$123,786

420
$299
$125,580

424
$299
$126,776

427
$299
$127,673

430
$299
$128,570

45%

454
$299
$135,746

181
$499
$90,319

185
$499
$92,315

187
$499
$93,313

188
$499
$93,812

190
$499
$94,810

190
$499
$94,810

20%
$1,030,435

201
$499
$100,299

$293,355

$298,339

$301,827

$304,218

$306,411

$307,805

$3,363,894

$331,142

30
$400
$12,000

30
$400
$12,000

30
$400
$12,000

30
$400
$12,000

30
$400
$12,000

30
$400
$12,000

360
$144,000

35
$400
$14,000

15

15

15

15

15

15

180

18

60%
22%
60%

500
300
955
110
144
21%
1008

$102,366

$513,619

$1,389,154

12
8
$2,600
$3,500
$8,500
$149,000

12
8
$2,600
$3,500
$8,500
$149,000

12
8
$2,600
$3,500
$8,500
$149,000

12
8
$2,600
$3,500
$8,500
$149,000

12
8
$2,600
$3,500
$8,500
$149,000

12
8
$2,600
$3,500
$8,500
$149,000

144
96

15
10
$2,600
$3,500
$8,500
$184,300

$1,788,000

$52,150

$52,150

$52,150

$52,150

$52,150

$52,150

$625,800

35%

$64,505

$21,315

$21,315

$21,315

$21,315

$21,315

$21,315

$255,780

10%

$26,281

100
15
10
100
$95
$165
$300
$30
$17,975

100
15
10
100
$95
$165
$300
$30
$17,975

100
15
10
100
$95
$165
$300
$30
$17,975

100
15
10
100
$95
$165
$300
$30
$17,975

100
15
10
100
$95
$165
$300
$30
$17,975

100
15
10
100
$95
$165
$300
$30
$17,975

1200
180
120
1200

$215,700

120
18
12
120
$95
$165
$300
$30
$21,570

$252,440

$252,440

$252,440

$252,440

$252,440

$252,440

$3,029,280

$310,656

300
500
150
$75
$125
$175
$111,250

300
500
150
$75
$125
$175
$111,250

300
500
150
$75
$125
$175
$111,250

300
500
150
$75
$125
$175
$111,250

300
500
150
$75
$125
$175
$111,250

300
500
150
$75
$125
$175
$111,250

3600
6000
1800

$1,335,000

360
575
165
$75
$125
$175
$127,750

$22,250

$22,250

$22,250

$22,250

$22,250

$22,250

$267,000

$133,500

$133,500

$133,500

$133,500

$133,500

$133,500

$1,602,000

$158,410

32
18
18
10

32
18
18
10

32
18
18
10

32
18
18
10

32
18
18
10

32
18
18
10

384
216
216
120

38
21
21
12

24%

$30,660

32
$300
$200
$100
$25
$90
$18,130

32
$300
$200
$100
$25
$90
$18,130

32
$300
$200
$100
$25
$90
$18,130

32
$300
$200
$100
$25
$90
$18,130

32
$300
$200
$100
$25
$90
$18,130

32
$300
$200
$100
$25
$90
$18,130

384

$217,560

38
$300
$200
$100
$25
$90
$21,420

$18,130

$18,130

$18,130

$18,130

$18,130

$18,130

$217,560

$21,420

300
4
12
33%
99
$80
$2,640
$52,800

300
4
12
33%
99
$80
$2,640
$52,800

300
4
12
33%
99
$80
$2,640
$52,800

300
4
12
35%
105
$80
$2,800
$56,000

300
4
12
35%
105
$80
$2,800
$56,000

300
4
12
35%
105
$80
$2,800
$56,000

$604,800

20

300
4
12
38%
114
$80
$3,040
$60,800

300
2.5
12
18%
54
$80
$900
$18,000

300
2.5
12
18%
54
$80
$900
$18,000

300
2.5
12
20%
60
$80
$1,000
$20,000

300
2.5
12
20%
60
$80
$1,000
$20,000

300
2.5
12
20%
60
$80
$1,000
$20,000

300
2.5
12
20%
60
$80
$1,000
$20,000

$216,000

20

300
2.5
12
22%
66
$80
$1,100
$22,000

$70,800

$70,800

$72,800

$76,000

$76,000

$76,000

$820,800

$82,800

75
25%
19
28%
72%
5
14
$50
$5
$70
$250
$9,600

75
25%
19
28%
72%
5
14
$50
$5
$70
$250
$9,600

75
25%
19
28%
72%
5
14
$50
$5
$70
$250
$9,600

75
28%
21
30%
70%
6
15
$50
$5
$75
$300
$11,250

75
28%
21
30%
70%
6
15
$50
$5
$75
$300
$11,250

75
28%
21
30%
70%
6
15
$50
$5
$75
$300
$11,250

$105,300

75
30%
23
32%
68%
7
16
$50
$5
$80
$350
$12,900

240

240

240

240

240

240

30

260

$10
$72,000

$10
$72,000

$10
$72,000

$10
$72,000

$10
$72,000

$10
$72,000

$810,000

$152,400

$152,400

$154,400

$159,250

$159,250

$159,250

$1,736,100

$173,700

325
90
$5
$50
$6,125

325
90
$5
$50
$6,125

350
110
$5
$50
$7,250

350
110
$5
$50
$7,250

350
110
$5
$50
$7,250

350
110
$5
$50
$7,250

$74,500

375
125
$5
$50
$8,125

100
42%
$60
$2,520

100
45%
$60
$2,700

100
45%
$60
$2,700

100
45%
$60
$2,700

100
48%
$60
$2,880

100
48%
$60
$2,880

$30,840

100
50%
$60
$3,000

20
50%
5
$38
$7,600

20
50%
5
$38
$7,600

20
60%
5
$38
$9,120

20
60%
5
$38
$9,120

20
60%
5
$38
$9,120

20
60%
5
$38
$9,120

$91,200

20
75%
5
$38
$11,400

20
50%
4
$15
$2,400

20
50%
4
$15
$2,400

20
60%
4
$15
$2,880

20
60%
4
$15
$2,880

20
60%
4
$15
$2,880

20
60%
4
$15
$2,880

$28,800

20
75%
4
$15
$3,600

12
50%
$90
$2,160

12
50%
$90
$2,160

12
60%
$90
$2,520

12
60%
$90
$2,520

12
60%
$90
$2,520

12
60%
$90
$2,520

$25,920

12
75%
$90
$3,240

12
50%
$80
$1,920

12
50%
$80
$1,920

12
60%
$80
$2,240

12
60%
$80
$2,240

12
60%
$80
$2,240

12
60%
$80
$2,240

$23,040

12
75%
$80
$2,880

$22,725

$22,905

$26,710

$26,710

$26,890

$26,890

$274,300

$32,245

55
55

55
55

60
60

60
60

60
60

60
60

30

$10
$78,000

70
70

45
50
110
50
50
45
110
50
50
110
60

45
50
110
50
50
45
110
50
50
110
60

50
50
120
55
55
50
120
50
50
120
65

50
50
120
55
55
50
120
50
50
120
65

50
50
120
55
55
50
120
50
50
120
65

50
50
120
55
55
50
120
50
50
120
65

55
60
130
65
65
60
130
60
60
130
70

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$71,180

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$71,180

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$77,285

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$77,285

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$77,285

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$77,285

$850,260

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$86,440

$71,180

$71,180

$77,285

$77,285

$77,285

$77,285

$850,260

$86,440

72
36%
26
27%
73%
7
19
$75
$10
$190
$525
$21,450

72
36%
26
27%
73%
7
19
$75
$10
$190
$525
$21,450

72
36%
26
30%
70%
8
18
$75
$10
$180
$600
$23,400

72
38%
27
30%
70%
8
19
$75
$10
$190
$600
$23,700

72
38%
27
30%
70%
8
19
$75
$10
$190
$600
$23,700

72
38%
27
20%
80%
5
22
$75
$10
$220
$375
$17,850

$247,950

72
40%
29
33%
67%
10
19
$75
$10
$190
$750
$28,200

225
$35
$7,875

225
$35
$7,875

225
$35
$7,875

250
$35
$8,750

250
$35
$8,750

250
$35
$8,750

$89,250

265
$35
$9,275

260

260

260

300

300

300

340

$85
$22,100

$85
$22,100

$85
$22,100

$85
$25,500

$85
$25,500

$85
$25,500

$244,800

$85
$28,900

$51,425

$51,425

$53,375

$57,950

$57,950

$52,100

$582,000

$66,375

$995,155 $1,000,319 $1,017,667 $1,029,483 $1,031,856 $1,027,400 $11,655,394

$1,180,388

Month 2

Month 3

Month 4

Month 5

Year 3
Month 6
Month 7
All Figures are in USD

Month 8

Month 9

Month 10

500
300
1008
110
180
21%

500
300
1086
110
180
21%

500
300
1148
110
180
21%

500
300
1197
110
180
21%

500
300
1236
110
180
21%

500
300
1266
110
180
21%

500
300
1290
110
180
21%

500
300
1309
110
180
21%

500
300
1324
110
180
21%

1086

1148

1197

1236

1266

1290

1309

1324

1336

$26,700

$26,700

$26,700

$26,700

$26,700

$26,700

$26,700

$26,700

$26,700

$8,250

$8,250

$8,250

$8,250

$8,250

$8,250

$8,250

$8,250

$8,250

109
$99
$10,791

115
$99
$11,385

120
$99
$11,880

124
$99
$12,276

127
$99
$12,573

129
$99
$12,771

131
$99
$12,969

132
$99
$13,068

134
$99
$13,266

272
$199
$54,128

287
$199
$57,113

299
$199
$59,501

309
$199
$61,491

317
$199
$63,083

323
$199
$64,277

327
$199
$65,073

331
$199
$65,869

334
$199
$66,466

489
$299
$146,211

517
$299
$154,583

539
$299
$161,161

556
$299
$166,244

570
$299
$170,430

581
$299
$173,719

589
$299
$176,111

596
$299
$178,204

601
$299
$179,699

216
$499
$107,784

229
$499
$114,271

239
$499
$119,261

247
$499
$123,253

252
$499
$125,748

257
$499
$128,243

262
$499
$130,738

265
$499
$132,235

267
$499
$133,233

$353,864

$372,302

$386,753

$398,214

$406,784

$413,960

$419,841

$424,326

$427,614

35
$400
$14,000

35
$400
$14,000

35
$400
$14,000

35
$400
$14,000

35
$400
$14,000

35
$400
$14,000

35
$400
$14,000

35
$400
$14,000

35
$400
$14,000

18

18

18

18

18

18

18

18

18

15
10
$2,600
$3,500
$8,500
$184,300

15
10
$2,600
$3,500
$8,500
$184,300

15
10
$2,600
$3,500
$8,500
$184,300

15
10
$2,600
$3,500
$8,500
$184,300

15
10
$2,600
$3,500
$8,500
$184,300

15
10
$2,600
$3,500
$8,500
$184,300

15
10
$2,600
$3,500
$8,500
$184,300

15
10
$2,600
$3,500
$8,500
$184,300

15
10
$2,600
$3,500
$8,500
$184,300

$64,505

$64,505

$64,505

$64,505

$64,505

$64,505

$64,505

$64,505

$64,505

$26,281

$26,281

$26,281

$26,281

$26,281

$26,281

$26,281

$26,281

$26,281

120
18
12
120
$95
$165
$300
$30
$21,570

120
18
12
120
$95
$165
$300
$30
$21,570

120
18
12
120
$95
$165
$300
$30
$21,570

120
18
12
120
$95
$165
$300
$30
$21,570

120
18
12
120
$95
$165
$300
$30
$21,570

120
18
12
120
$95
$165
$300
$30
$21,570

120
18
12
120
$95
$165
$300
$30
$21,570

120
18
12
120
$95
$165
$300
$30
$21,570

120
18
12
120
$95
$165
$300
$30
$21,570

$310,656

$310,656

$310,656

$310,656

$310,656

$310,656

$310,656

$310,656

$310,656

360
575
165
$75
$125
$175
$127,750

360
575
165
$75
$125
$175
$127,750

360
575
165
$75
$125
$175
$127,750

360
575
165
$75
$125
$175
$127,750

360
575
165
$75
$125
$175
$127,750

360
575
165
$75
$125
$175
$127,750

360
575
165
$75
$125
$175
$127,750

360
575
165
$75
$125
$175
$127,750

360
575
165
$75
$125
$175
$127,750

$30,660

$30,660

$30,660

$30,660

$30,660

$30,660

$30,660

$30,660

$30,660

$158,410

$158,410

$158,410

$158,410

$158,410

$158,410

$158,410

$158,410

$158,410

38
21
21
12

38
21
21
12

38
21
21
12

38
21
21
12

38
21
21
12

38
21
21
12

38
21
21
12

38
21
21
12

38
21
21
12

38
$300
$200
$100
$25
$90
$21,420

38
$300
$200
$100
$25
$90
$21,420

38
$300
$200
$100
$25
$90
$21,420

38
$300
$200
$100
$25
$90
$21,420

38
$300
$200
$100
$25
$90
$21,420

38
$300
$200
$100
$25
$90
$21,420

38
$300
$200
$100
$25
$90
$21,420

38
$300
$200
$100
$25
$90
$21,420

38
$300
$200
$100
$25
$90
$21,420

$21,420

$21,420

$21,420

$21,420

$21,420

$21,420

$21,420

$21,420

$21,420

300
4
12
38%
114
$80
$3,040
$60,800

300
4
12
38%
114
$80
$3,040
$60,800

300
4
12
38%
114
$80
$3,040
$60,800

300
4
12
40%
120
$80
$3,200
$64,000

300
4
12
40%
120
$80
$3,200
$64,000

300
4
12
40%
120
$80
$3,200
$64,000

300
4
12
40%
120
$80
$3,200
$64,000

300
4
12
42%
126
$80
$3,360
$67,200

300
4
12
42%
126
$80
$3,360
$67,200

300
2.5
12
22%
66
$80
$1,100
$22,000

300
2.5
12
22%
66
$80
$1,100
$22,000

300
2.5
12
22%
66
$80
$1,100
$22,000

300
2.5
12
24%
72
$80
$1,200
$24,000

300
2.5
12
24%
72
$80
$1,200
$24,000

300
2.5
12
24%
72
$80
$1,200
$24,000

300
2.5
12
24%
72
$80
$1,200
$24,000

300
2.5
12
26%
78
$80
$1,300
$26,000

300
2.5
12
26%
78
$80
$1,300
$26,000

$82,800

$82,800

$82,800

$88,000

$88,000

$88,000

$88,000

$93,200

$93,200

75
30%
23
32%
68%
7
16
$50
$5
$80
$350
$12,900

75
30%
23
32%
68%
7
16
$50
$5
$80
$350
$12,900

75
30%
23
32%
68%
7
16
$50
$5
$80
$350
$12,900

75
32%
24
32%
68%
8
16
$50
$5
$80
$400
$14,400

75
32%
24
32%
68%
8
16
$50
$5
$80
$400
$14,400

75
32%
24
35%
65%
8
16
$50
$5
$80
$400
$14,400

75
32%
24
35%
65%
8
16
$50
$5
$80
$400
$14,400

75
34%
26
35%
65%
9
17
$50
$5
$85
$450
$16,050

75
34%
26
35%
65%
9
17
$50
$5
$85
$450
$16,050

260

260

260

260

260

280

280

280

280

$10
$78,000

$10
$78,000

$10
$78,000

$10
$78,000

$10
$78,000

$10
$84,000

$10
$84,000

$10
$84,000

$10
$84,000

$173,700

$173,700

$173,700

$180,400

$180,400

$186,400

$186,400

$193,250

$193,250

375
125
$5
$50
$8,125

375
125
$5
$50
$8,125

375
125
$5
$50
$8,125

375
150
$5
$50
$9,375

375
150
$5
$50
$9,375

400
150
$5
$50
$9,500

400
150
$5
$50
$9,500

400
175
$5
$50
$10,750

400
175
$5
$50
$10,750

100
50%
$60
$3,000

100
50%
$60
$3,000

100
55%
$60
$3,300

100
55%
$60
$3,300

100
55%
$60
$3,300

100
60%
$60
$3,600

100
60%
$60
$3,600

100
60%
$60
$3,600

100
65%
$60
$3,900

20
75%
5
$38
$11,400

20
75%
5
$38
$11,400

20
75%
5
$38
$11,400

20
75%
5
$38
$11,400

20
75%
5
$38
$11,400

20
75%
5
$38
$11,400

20
75%
5
$38
$11,400

20
75%
5
$38
$11,400

20
75%
5
$38
$11,400

20
75%
4
$15
$3,600

20
75%
4
$15
$3,600

20
75%
4
$15
$3,600

20
75%
4
$15
$3,600

20
75%
4
$15
$3,600

20
75%
4
$15
$3,600

20
75%
4
$15
$3,600

20
75%
4
$15
$3,600

20
75%
4
$15
$3,600

12
75%
$90
$3,240

12
75%
$90
$3,240

12
75%
$90
$3,240

12
75%
$90
$3,240

12
75%
$90
$3,240

12
75%
$90
$3,240

12
75%
$90
$3,240

12
75%
$90
$3,240

12
75%
$90
$3,240

12
75%
$80
$2,880

12
75%
$80
$2,880

12
75%
$80
$2,880

12
75%
$80
$2,880

12
75%
$80
$2,880

12
75%
$80
$2,880

12
75%
$80
$2,880

12
75%
$80
$2,880

12
75%
$80
$2,880

$32,245

$32,245

$32,545

$33,795

$33,795

$34,220

$34,220

$35,470

$35,770

70
70

70
70

70
70

80
80

80
80

80
80

80
80

90
90

90
90

55
60
130
65
65
60
130
60
60
130
70

55
60
130
75
75
60
130
60
60
130
70

55
70
130
75
75
70
130
70
70
130
70

60
70
140
85
85
70
140
70
70
140
75

60
70
140
85
85
70
140
70
70
140
75

60
80
140
95
95
80
140
80
80
140
75

60
80
140
95
95
80
140
80
80
140
75

65
80
150
100
100
80
150
80
80
150
80

65
85
150
100
100
85
150
85
85
150
80

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$86,440

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$87,160

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$89,240

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$96,315

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$96,315

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$99,115

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$99,115

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$105,830

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$106,870

$86,440

$87,160

$89,240

$96,315

$96,315

$99,115

$99,115

$105,830

$106,870

72
40%
29
33%
67%
10
19
$75
$10
$190
$750
$28,200

72
40%
29
33%
67%
10
19
$75
$10
$190
$750
$28,200

72
40%
29
33%
67%
10
19
$75
$10
$190
$750
$28,200

72
42%
30
35%
65%
11
19
$75
$10
$190
$825
$30,450

72
42%
30
35%
65%
11
19
$75
$10
$190
$825
$30,450

72
42%
30
35%
65%
11
19
$75
$10
$190
$825
$30,450

72
42%
30
35%
65%
11
19
$75
$10
$190
$825
$30,450

72
44%
32
38%
62%
12
20
$75
$10
$200
$900
$33,000

72
44%
32
38%
62%
12
20
$75
$10
$200
$900
$33,000

265
$35
$9,275

265
$35
$9,275

265
$35
$9,275

280
$35
$9,800

280
$35
$9,800

280
$35
$9,800

280
$35
$9,800

290
$35
$10,150

290
$35
$10,150

340

340

340

360

360

360

360

380

380

$85
$28,900

$85
$28,900

$85
$28,900

$85
$30,600

$85
$30,600

$85
$30,600

$85
$30,600

$85
$32,300

$85
$32,300

$66,375

$66,375

$66,375

$70,850

$70,850

$70,850

$70,850

$75,450

$75,450

$1,203,110 $1,222,268 $1,239,099 $1,270,060 $1,278,630 $1,295,031 $1,300,912 $1,324,812 $1,329,440

Month 11

Month 12

Year 3

Assumption

Y
Month 1

Month 2

Month 3

Month 4

All Figur
500
300
1336
110
180
21%

500
300
1345
110
180
21%

550
330
1353
137.5
195
20%

550
330
1415
137.5
215
20%

550
330
1484
137.5
215
20%

550
330
1539
137.5
215
20%

1345

1353

1415

1484

1539

1583

$26,700

$26,700

$320,400

$89

$29,370

$29,370

$29,370

$29,370

$8,250

$8,250

$99,000

$75

$10,313

$10,313

$10,313

$10,313

135
$99
$13,365

135
$99
$13,365

10%

142
$99
$14,058

148
$99
$14,652

154
$99
$15,246

158
$99
$15,642

336
$199
$66,864

338
$199
$67,262

25%

354
$199
$70,446

371
$199
$73,829

385
$199
$76,615

396
$199
$78,804

605
$299
$180,895

609
$299
$182,091

45%

637
$299
$190,463

668
$299
$199,732

693
$299
$207,207

712
$299
$212,888

269
$499
$134,231

271
$499
$135,229

20%
$1,484,525

282
$499
$140,718

297
$499
$148,203

307
$499
$153,193

317
$499
$158,183

$430,305

$432,897

$4,798,002

$455,368

$476,099

$491,944

$505,200

35
$400
$14,000

35
$400
$14,000

420
$168,000

38
$400
$15,200

38
$400
$15,200

38
$400
$15,200

38
$400
$15,200

18

18

216

20

20

20

20

60%
25%
65%

$147,708

$741,275

$2,005,094

15
10
$2,600
$3,500
$8,500
$184,300

15
10
$2,600
$3,500
$8,500
$184,300

180
120

18
12
$2,600
$3,500
$8,500
$217,000

18
12
$2,600
$3,500
$8,500
$217,000

18
12
$2,600
$3,500
$8,500
$217,000

18
12
$2,600
$3,500
$8,500
$217,000

$2,211,600

$64,505

$64,505

$774,060

40%

$86,800

$86,800

$86,800

$86,800

$26,281

$26,281

$315,366

12%

$38,280

$38,280

$38,280

$38,280

120
18
12
120
$95
$165
$300
$30
$21,570

120
18
12
120
$95
$165
$300
$30
$21,570

1440
216
144
1440

$258,840

135
20
14
135
$95
$165
$300
$30
$24,375

135
20
14
135
$95
$165
$300
$30
$24,375

135
20
14
135
$95
$165
$300
$30
$24,375

135
20
14
135
$95
$165
$300
$30
$24,375

$310,656

$310,656

$3,727,866

$381,655

$381,655

$381,655

$381,655

360
575
165
$75
$125
$175
$127,750

360
575
165
$75
$125
$175
$127,750

4320
6900
1980

$1,533,000

430
650
180
$75
$125
$175
$145,000

430
650
180
$75
$125
$175
$145,000

430
650
180
$75
$125
$175
$145,000

430
650
180
$75
$125
$175
$145,000

$30,660

$30,660

$367,920

$34,800

$34,800

$34,800

$34,800

$158,410

$158,410

$1,900,920

$179,800

$179,800

$179,800

$179,800

38
21
21
12

38
21
21
12

456
252
252
144

44
24
24
15

44
24
24
15

44
24
24
15

44
24
24
15

24%

38
$300
$200
$100
$25
$90
$21,420

38
$300
$200
$100
$25
$90
$21,420

456

$257,040

44
$300
$200
$100
$25
$90
$24,735

44
$300
$200
$100
$25
$90
$24,735

44
$300
$200
$100
$25
$90
$24,735

44
$300
$200
$100
$25
$90
$24,735

$21,420

$21,420

$257,040

$24,735

$24,735

$24,735

$24,735

300
4
12
42%
126
$80
$3,360
$67,200

300
4
12
42%
126
$80
$3,360
$67,200

$768,000

30

300
4
12
45%
135
$80
$3,600
$72,000

300
4
12
45%
135
$80
$3,600
$72,000

300
4
12
45%
135
$80
$3,600
$72,000

300
4
12
45%
135
$80
$3,600
$72,000

300
2.5
12
26%
78
$80
$1,300
$26,000

300
2.5
12
26%
78
$80
$1,300
$26,000

30

300
2.5
12
28%
84
$80
$1,400
$28,000

300
2.5
12
28%
84
$80
$1,400
$28,000

300
2.5
12
28%
84
$80
$1,400
$28,000

300
2.5
12
28%
84
$80
$1,400
$28,000

$288,000

$93,200

$93,200

$1,056,000

$100,000

$100,000

$100,000

$100,000

75
34%
26
35%
65%
9
17
$50
$5
$85
$450
$16,050

75
34%
26
35%
65%
9
17
$50
$5
$85
$450
$16,050

$173,400

75
36%
27
37%
63%
10
17
$50
$5
$85
$500
$17,550

75
36%
27
37%
63%
10
17
$50
$5
$85
$500
$17,550

75
36%
27
37%
63%
10
17
$50
$5
$85
$500
$17,550

75
36%
27
37%
63%
10
17
$50
$5
$85
$500
$17,550

280

280

300

300

300

300

30

$10
$84,000

$10
$84,000

$10
$90,000

$10
$90,000

$10
$90,000

$10
$90,000

$972,000

$193,250

$193,250

$2,201,400

$207,550

$207,550

$207,550

$207,550

400
175
$5
$50
$10,750

400
175
$5
$50
$10,750

$113,250

425
200
$5
$50
$12,125

425
200
$5
$50
$12,125

425
200
$5
$50
$12,125

425
200
$5
$50
$12,125

100
65%
$60
$3,900

100
65%
$60
$3,900

$41,400

100
70%
$60
$4,200

100
70%
$60
$4,200

100
70%
$60
$4,200

100
70%
$60
$4,200

20
75%
5
$38
$11,400

20
75%
5
$38
$11,400

$136,800

20
90%
5
$38
$13,680

20
90%
5
$38
$13,680

20
90%
5
$38
$13,680

20
90%
5
$38
$13,680

20
75%
4
$15
$3,600

20
75%
4
$15
$3,600

$43,200

20
90%
4
$15
$4,320

20
90%
4
$15
$4,320

20
90%
4
$15
$4,320

20
90%
4
$15
$4,320

12
75%
$90
$3,240

12
75%
$90
$3,240

$38,880

12
90%
$90
$3,960

12
90%
$90
$3,960

12
90%
$90
$3,960

12
90%
$90
$3,960

12
75%
$80
$2,880

12
75%
$80
$2,880

$34,560

12
90%
$80
$3,520

12
90%
$80
$3,520

12
90%
$80
$3,520

12
90%
$80
$3,520

$35,770

$35,770

$408,090

$41,805

$41,805

$41,805

$41,805

90
90

90
90

100
100

100
100

100
100

100
100

30

65
85
150
120
120
85
150
85
85
150
80

65
85
150
120
120
85
150
85
85
150
80

70
90
160
130
130
90
160
90
90
160
85

70
90
160
130
130
90
160
90
90
160
85

70
90
160
130
130
90
160
90
90
160
85

75
90
160
130
130
90
160
90
90
160
85

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$108,310

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$108,310

$1,169,460

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$116,425

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$116,425

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$116,425

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$117,655

$108,310

$108,310

$1,169,460

$116,425

$116,425

$116,425

$117,655

72
44%
32
38%
62%
12
20
$75
$10
$200
$900
$33,000

72
44%
32
38%
62%
12
20
$75
$10
$200
$900
$33,000

$366,600

72
47%
34
40%
60%
14
20
$75
$10
$200
$1,050
$37,500

72
47%
34
40%
60%
14
20
$75
$10
$200
$1,050
$37,500

72
47%
34
40%
60%
14
20
$75
$10
$200
$1,050
$37,500

72
47%
34
40%
60%
14
20
$75
$10
$200
$1,050
$37,500

290
$35
$10,150

290
$35
$10,150

$116,900

300
$35
$10,500

300
$35
$10,500

300
$35
$10,500

300
$35
$10,500

380

380

400

400

400

400

$85
$32,300

$85
$32,300

$75,450

$75,450

$367,200

$85
$34,000

$85
$34,000

$85
$34,000

$85
$34,000

$850,700

$82,000

$82,000

$82,000

$82,000

$1,333,571 $1,336,163 $15,313,478

$1,489,338 $1,510,069 $1,525,914 $1,540,400

Month 5

Year 4
Month 6
Month 7
All Figures are in USD

Month 8

Month 9

Month 10

Month 11

Month 12

550
330
1583
137.5
215
20%

550
330
1618
137.5
215
20%

550
330
1646
137.5
215
20%

550
330
1669
137.5
215
20%

550
330
1687
137.5
215
20%

550
330
1702
137.5
215
20%

550
330
1714
137.5
215
20%

550
330
1723
137.5
215
20%

1618

1646

1669

1687

1702

1714

1723

1730

$29,370

$29,370

$29,370

$29,370

$29,370

$29,370

$29,370

$29,370

$10,313

$10,313

$10,313

$10,313

$10,313

$10,313

$10,313

$10,313

162
$99
$16,038

165
$99
$16,335

167
$99
$16,533

169
$99
$16,731

170
$99
$16,830

171
$99
$16,929

172
$99
$17,028

173
$99
$17,127

405
$199
$80,595

412
$199
$81,988

417
$199
$82,983

422
$199
$83,978

426
$199
$84,774

429
$199
$85,371

431
$199
$85,769

433
$199
$86,167

728
$299
$217,672

741
$299
$221,559

751
$299
$224,549

759
$299
$226,941

766
$299
$229,034

771
$299
$230,529

775
$299
$231,725

779
$299
$232,921

323
$499
$161,177

328
$499
$163,672

334
$499
$166,666

337
$499
$168,163

340
$499
$169,660

343
$499
$171,157

345
$499
$172,155

345
$499
$172,155

$515,165

$523,237

$530,414

$535,496

$539,981

$543,669

$546,360

$548,053

38
$400
$15,200

38
$400
$15,200

38
$400
$15,200

38
$400
$15,200

38
$400
$15,200

38
$400
$15,200

38
$400
$15,200

38
$400
$15,200

20

20

20

20

20

20

20

20

18
12
$2,600
$3,500
$8,500
$217,000

18
12
$2,600
$3,500
$8,500
$217,000

18
12
$2,600
$3,500
$8,500
$217,000

18
12
$2,600
$3,500
$8,500
$217,000

18
12
$2,600
$3,500
$8,500
$217,000

18
12
$2,600
$3,500
$8,500
$217,000

18
12
$2,600
$3,500
$8,500
$217,000

18
12
$2,600
$3,500
$8,500
$217,000

$86,800

$86,800

$86,800

$86,800

$86,800

$86,800

$86,800

$86,800

$38,280

$38,280

$38,280

$38,280

$38,280

$38,280

$38,280

$38,280

135
20
14
135
$95
$165
$300
$30
$24,375

135
20
14
135
$95
$165
$300
$30
$24,375

135
20
14
135
$95
$165
$300
$30
$24,375

135
20
14
135
$95
$165
$300
$30
$24,375

135
20
14
135
$95
$165
$300
$30
$24,375

135
20
14
135
$95
$165
$300
$30
$24,375

135
20
14
135
$95
$165
$300
$30
$24,375

135
20
14
135
$95
$165
$300
$30
$24,375

$381,655

$381,655

$381,655

$381,655

$381,655

$381,655

$381,655

$381,655

430
650
180
$75
$125
$175
$145,000

430
650
180
$75
$125
$175
$145,000

430
650
180
$75
$125
$175
$145,000

430
650
180
$75
$125
$175
$145,000

430
650
180
$75
$125
$175
$145,000

430
650
180
$75
$125
$175
$145,000

430
650
180
$75
$125
$175
$145,000

430
650
180
$75
$125
$175
$145,000

$34,800

$34,800

$34,800

$34,800

$34,800

$34,800

$34,800

$34,800

$179,800

$179,800

$179,800

$179,800

$179,800

$179,800

$179,800

$179,800

44
24
24
15

44
24
24
15

44
24
24
15

44
24
24
15

44
24
24
15

44
24
24
15

44
24
24
15

44
24
24
15

44
$300
$200
$100
$25
$90
$24,735

44
$300
$200
$100
$25
$90
$24,735

44
$300
$200
$100
$25
$90
$24,735

44
$300
$200
$100
$25
$90
$24,735

44
$300
$200
$100
$25
$90
$24,735

44
$300
$200
$100
$25
$90
$24,735

44
$300
$200
$100
$25
$90
$24,735

44
$300
$200
$100
$25
$90
$24,735

$24,735

$24,735

$24,735

$24,735

$24,735

$24,735

$24,735

$24,735

300
4
12
45%
135
$80
$3,600
$72,000

300
4
12
45%
135
$80
$3,600
$72,000

300
4
12
48%
144
$80
$3,840
$76,800

300
4
12
48%
144
$80
$3,840
$76,800

300
4
12
48%
144
$80
$3,840
$76,800

300
4
12
48%
144
$80
$3,840
$76,800

300
4
12
48%
144
$80
$3,840
$76,800

300
4
12
48%
144
$80
$3,840
$76,800

300
2.5
12
28%
84
$80
$1,400
$28,000

300
2.5
12
28%
84
$80
$1,400
$28,000

300
2.5
12
30%
90
$80
$1,500
$30,000

300
2.5
12
30%
90
$80
$1,500
$30,000

300
2.5
12
30%
90
$80
$1,500
$30,000

300
2.5
12
30%
90
$80
$1,500
$30,000

300
2.5
12
30%
90
$80
$1,500
$30,000

300
2.5
12
30%
90
$80
$1,500
$30,000

$100,000

$100,000

$106,800

$106,800

$106,800

$106,800

$106,800

$106,800

75
38%
29
37%
63%
11
18
$50
$5
$90
$550
$19,200

75
38%
29
37%
63%
11
18
$50
$5
$90
$550
$19,200

75
38%
29
39%
61%
11
18
$50
$5
$90
$550
$19,200

75
38%
29
39%
61%
11
18
$50
$5
$90
$550
$19,200

75
40%
30
39%
61%
12
18
$50
$5
$90
$600
$20,700

75
40%
30
39%
61%
12
18
$50
$5
$90
$600
$20,700

75
40%
30
39%
61%
12
18
$50
$5
$90
$600
$20,700

75
40%
30
39%
61%
12
18
$50
$5
$90
$600
$20,700

300

300

325

325

325

325

325

325

$10
$90,000

$10
$90,000

$10
$97,500

$10
$97,500

$10
$97,500

$10
$97,500

$10
$97,500

$10
$97,500

$209,200

$209,200

$223,500

$223,500

$225,000

$225,000

$225,000

$225,000

425
200
$5
$50
$12,125

425
200
$5
$50
$12,125

425
225
$5
$50
$13,375

425
225
$5
$50
$13,375

425
225
$5
$50
$13,375

425
225
$5
$50
$13,375

425
225
$5
$50
$13,375

425
225
$5
$50
$13,375

100
75%
$60
$4,500

100
75%
$60
$4,500

100
75%
$60
$4,500

100
75%
$60
$4,500

100
80%
$60
$4,800

100
80%
$60
$4,800

100
80%
$60
$4,800

100
80%
$60
$4,800

20
90%
5
$38
$13,680

20
90%
5
$38
$13,680

20
90%
5
$38
$13,680

20
90%
5
$38
$13,680

20
90%
5
$38
$13,680

20
90%
5
$38
$13,680

20
90%
5
$38
$13,680

20
90%
5
$38
$13,680

20
90%
4
$15
$4,320

20
90%
4
$15
$4,320

20
90%
4
$15
$4,320

20
90%
4
$15
$4,320

20
90%
4
$15
$4,320

20
90%
4
$15
$4,320

20
90%
4
$15
$4,320

20
90%
4
$15
$4,320

12
90%
$90
$3,960

12
90%
$90
$3,960

12
90%
$90
$3,960

12
90%
$90
$3,960

12
90%
$90
$3,960

12
90%
$90
$3,960

12
90%
$90
$3,960

12
90%
$90
$3,960

12
90%
$80
$3,520

12
90%
$80
$3,520

12
90%
$80
$3,520

12
90%
$80
$3,520

12
90%
$80
$3,520

12
90%
$80
$3,520

12
90%
$80
$3,520

12
90%
$80
$3,520

$42,105

$42,105

$43,355

$43,355

$43,655

$43,655

$43,655

$43,655

100
100

100
100

105
105

105
105

105
105

105
105

105
105

105
105

75
90
160
130
130
90
160
90
90
160
90

75
90
160
130
130
90
160
90
90
160
90

80
95
170
140
140
95
170
95
95
170
90

80
95
170
140
140
95
170
95
95
170
90

80
95
170
140
140
95
170
95
95
170
95

85
95
170
140
140
95
170
95
95
170
95

85
95
170
140
140
95
170
95
95
170
95

85
95
170
140
140
95
170
95
95
170
95

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$118,780

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$118,780

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$124,770

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$124,770

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$125,895

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$127,125

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$127,125

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$127,125

$118,780

$118,780

$124,770

$124,770

$125,895

$127,125

$127,125

$127,125

72
50%
36
42%
58%
15
21
$75
$10
$210
$1,125
$40,050

72
50%
36
42%
58%
15
21
$75
$10
$210
$1,125
$40,050

72
50%
36
42%
58%
15
21
$75
$10
$210
$1,125
$40,050

72
50%
36
42%
58%
15
21
$75
$10
$210
$1,125
$40,050

72
52%
37
45%
55%
17
20
$75
$10
$200
$1,275
$44,250

72
52%
37
45%
55%
17
20
$75
$10
$200
$1,275
$44,250

72
52%
37
45%
55%
17
20
$75
$10
$200
$1,275
$44,250

72
52%
37
45%
55%
17
20
$75
$10
$200
$1,275
$44,250

300
$35
$10,500

300
$35
$10,500

310
$35
$10,850

310
$35
$10,850

310
$35
$10,850

310
$35
$10,850

310
$35
$10,850

310
$35
$10,850

400

400

420

420

420

420

420

420

$85
$34,000

$85
$34,000

$85
$35,700

$85
$35,700

$85
$35,700

$85
$35,700

$85
$35,700

$85
$35,700

$84,550

$84,550

$86,600

$86,600

$90,800

$90,800

$90,800

$90,800

$1,555,990 $1,564,062 $1,594,829 $1,599,911 $1,611,521 $1,616,439 $1,619,130 $1,620,823

Year 4

Assumption

60%
28%
70%

Month 1

Month 2

Month 3

Month 4

Month 5

Year 5
Month 6
All Figures are in USD

600
360
1730
168
231
18%

600
360
1818
168
252
18%

600
360
1911
168
252
18%

600
360
1987
168
252
18%

600
360
2049
168
252
18%

600
360
2100
168
252
18%

1818

1911

1987

2049

2100

2142

$352,440

$89

$32,040

$32,040

$32,040

$32,040

$32,040

$32,040

$123,750

$75

$12,600

$12,600

$12,600

$12,600

$12,600

$12,600

10%

182
$99
$18,018

191
$99
$18,909

199
$99
$19,701

205
$99
$20,295

210
$99
$20,790

214
$99
$21,186

25%

455
$199
$90,545

478
$199
$95,122

497
$199
$98,903

512
$199
$101,888

525
$199
$104,475

536
$199
$106,664

45%

818
$299
$244,582

860
$299
$257,140

894
$299
$267,306

922
$299
$275,678

945
$299
$282,555

964
$299
$288,236

20%
$1,945,102

363
$499
$181,137

382
$499
$190,618

397
$499
$198,103

410
$499
$204,590

420
$499
$209,580

428
$499
$213,572

$6,210,980

$578,922

$606,429

$628,653

$647,091

$662,040

$674,298

456
$182,400

40
$400
$16,000

40
$400
$16,000

40
$400
$16,000

40
$400
$16,000

40
$400
$16,000

40
$400
$16,000

240

22

22

22

22

22

22

$193,149

$971,319

$2,625,220

216
144

$2,604,000

20
14
$2,600
$3,500
$8,500
$246,200

20
14
$2,600
$3,500
$8,500
$246,200

20
14
$2,600
$3,500
$8,500
$246,200

20
14
$2,600
$3,500
$8,500
$246,200

20
14
$2,600
$3,500
$8,500
$246,200

20
14
$2,600
$3,500
$8,500
$246,200

$1,041,600

40%

$98,480

$98,480

$98,480

$98,480

$98,480

$98,480

$459,360

12%

$36,068

$36,068

$36,068

$36,068

$36,068

$36,068

$292,500

140
22
16
140
$95
$165
$300
$30
$25,930

140
22
16
140
$95
$165
$300
$30
$25,930

140
22
16
140
$95
$165
$300
$30
$25,930

140
22
16
140
$95
$165
$300
$30
$25,930

140
22
16
140
$95
$165
$300
$30
$25,930

140
22
16
140
$95
$165
$300
$30
$25,930

$4,579,860

$422,678

$422,678

$422,678

$422,678

$422,678

$422,678

5160
7800
2160

490
710
190
$75
$125
$175
$158,750

490
710
190
$75
$125
$175
$158,750

490
710
190
$75
$125
$175
$158,750

490
710
190
$75
$125
$175
$158,750

490
710
190
$75
$125
$175
$158,750

490
710
190
$75
$125
$175
$158,750

$39,688

$39,688

$39,688

$39,688

$39,688

$39,688

$2,157,600

$198,438

$198,438

$198,438

$198,438

$198,438

$198,438

528
288
288
180

49
26
26
17

49
26
26
17

49
26
26
17

49
26
26
17

49
26
26
17

49
26
26
17

1620
240
168
1620

$1,740,000

$417,600

25%

528

$296,820

49
$300
$200
$100
$25
$90
$27,335

49
$300
$200
$100
$25
$90
$27,335

49
$300
$200
$100
$25
$90
$27,335

49
$300
$200
$100
$25
$90
$27,335

49
$300
$200
$100
$25
$90
$27,335

49
$300
$200
$100
$25
$90
$27,335

$296,820

$27,335

$27,335

$27,335

$27,335

$27,335

$27,335

$892,800

30

300
4
12
50%
150
$80
$4,000
$80,000

300
4
12
50%
150
$80
$4,000
$80,000

300
4
12
50%
150
$80
$4,000
$80,000

300
4
12
50%
150
$80
$4,000
$80,000

300
4
12
50%
150
$80
$4,000
$80,000

300
4
12
50%
150
$80
$4,000
$80,000

30

300
2.5
12
32%
96
$80
$1,600
$32,000

300
2.5
12
32%
96
$80
$1,600
$32,000

300
2.5
12
32%
96
$80
$1,600
$32,000

300
2.5
12
32%
96
$80
$1,600
$32,000

300
2.5
12
32%
96
$80
$1,600
$32,000

300
2.5
12
32%
96
$80
$1,600
$32,000

$1,240,800

$112,000

$112,000

$112,000

$112,000

$112,000

$112,000

$229,800

75
42%
32
40%
63%
13
19
$50
$5
$95
$650
$22,350

75
42%
32
40%
63%
13
19
$50
$5
$95
$650
$22,350

75
42%
32
40%
60%
13
19
$50
$5
$95
$650
$22,350

75
42%
32
40%
60%
13
19
$50
$5
$95
$650
$22,350

75
42%
32
40%
60%
13
19
$50
$5
$95
$650
$22,350

75
42%
32
40%
60%
13
19
$50
$5
$95
$650
$22,350

350

350

350

350

350

350

$348,000

30

$10
$105,000

$10
$105,000

$10
$105,000

$10
$105,000

$10
$105,000

$10
$105,000

$2,595,600

$239,350

$239,350

$239,350

$239,350

$239,350

$239,350

$153,000

440
250
$5
$50
$14,700

440
250
$5
$50
$14,700

440
250
$5
$50
$14,700

440
250
$5
$50
$14,700

440
250
$5
$50
$14,700

440
250
$5
$50
$14,700

$54,000

100
85%
$60
$5,100

100
85%
$60
$5,100

100
85%
$60
$5,100

100
85%
$60
$5,100

100
85%
$60
$5,100

100
85%
$60
$5,100

$164,160

20
100%
5
$38
$15,200

20
100%
5
$38
$15,200

20
100%
5
$38
$15,200

20
100%
5
$38
$15,200

20
100%
5
$38
$15,200

20
100%
5
$38
$15,200

$51,840

20
100%
4
$15
$4,800

20
100%
4
$15
$4,800

20
100%
4
$15
$4,800

20
100%
4
$15
$4,800

20
100%
4
$15
$4,800

20
100%
4
$15
$4,800

$47,520

12
100%
$90
$4,320

12
100%
$90
$4,320

12
100%
$90
$4,320

12
100%
$90
$4,320

12
100%
$90
$4,320

12
100%
$90
$4,320

$42,240

12
100%
$80
$3,840

12
100%
$80
$3,840

12
100%
$80
$3,840

12
100%
$80
$3,840

12
100%
$80
$3,840

12
100%
$80
$3,840

$512,760

$47,960

$47,960

$47,960

$47,960

$47,960

$47,960

110
110

110
110

110
110

110
110

110
110

110
110

$1,125,000

30

90
100
175
145
145
100
175
100
100
175
100

90
100
175
145
145
100
175
100
100
175
100

90
100
175
145
145
100
175
100
100
175
100

90
100
175
145
145
100
175
100
100
175
100

95
100
175
145
145
100
175
100
100
175
105

95
100
175
145
145
100
175
100
100
175
105

$1,461,300

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$132,880

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$132,880

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$132,880

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$132,880

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$135,235

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$135,235

$1,461,300

$132,880

$132,880

$132,880

$132,880

$135,235

$135,235

$487,200

72
55%
40
48%
52%
19
21
$75
$10
$210
$1,425
$49,050

72
55%
40
48%
52%
19
21
$75
$10
$210
$1,425
$49,050

72
55%
40
48%
52%
19
21
$75
$10
$210
$1,425
$49,050

72
55%
40
48%
52%
19
21
$75
$10
$210
$1,425
$49,050

72
55%
40
48%
52%
19
21
$75
$10
$210
$1,425
$49,050

72
55%
40
48%
52%
19
21
$75
$10
$210
$1,425
$49,050

$128,100

320
$35
$11,200

320
$35
$11,200

320
$35
$11,200

320
$35
$11,200

320
$35
$11,200

320
$35
$11,200

450

450

450

450

450

450

$418,200

$85
$38,250

$85
$38,250

$85
$38,250

$85
$38,250

$85
$38,250

$85
$38,250

$1,033,500

$98,500

$98,500

$98,500

$98,500

$98,500

$98,500

$18,848,420

$1,746,063 $1,773,570 $1,795,794 $1,814,232 $1,831,536 $1,843,794

Year 5
Month 7
All Figures are in USD

Month 8

Month 9

Month 10

Month 11

Month 12

Year 5

600
360
2142
168
252
18%

600
360
2176
168
252
18%

600
360
2204
168
252
18%

600
360
2227
168
252
18%

600
360
2246
168
252
18%

600
360
2262
168
252
18%

2176

2204

2227

2246

2262

2275

$32,040

$32,040

$32,040

$32,040

$32,040

$32,040

$384,480

$12,600

$12,600

$12,600

$12,600

$12,600

$12,600

$151,200

218
$99
$21,582

220
$99
$21,780

223
$99
$22,077

225
$99
$22,275

226
$99
$22,374

228
$99
$22,572

$251,559

544
$199
$108,256

551
$199
$109,649

557
$199
$110,843

562
$199
$111,838

566
$199
$112,634

569
$199
$113,231

$1,264,048

979
$299
$292,721

992
$299
$296,608

1002
$299
$299,598

1011
$299
$302,289

1018
$299
$304,382

1024
$299
$306,176

$3,417,271

435
$499
$217,065

441
$499
$220,059

445
$499
$222,055

448
$499
$223,552

452
$499
$225,548

454
$499
$226,546

$2,532,425

$684,264

$692,736

$699,213

$704,594

$709,578

$713,165

$8,000,983

40
$400
$16,000

40
$400
$16,000

40
$400
$16,000

40
$400
$16,000

40
$400
$16,000

40
$400
$16,000

480
$192,000

22

22

22

22

22

22

264

20
14
$2,600
$3,500
$8,500
$246,200

20
14
$2,600
$3,500
$8,500
$246,200

20
14
$2,600
$3,500
$8,500
$246,200

20
14
$2,600
$3,500
$8,500
$246,200

20
14
$2,600
$3,500
$8,500
$246,200

20
14
$2,600
$3,500
$8,500
$246,200

240
168

$2,954,400

$98,480

$98,480

$98,480

$98,480

$98,480

$98,480

$1,181,760

$36,068

$36,068

$36,068

$36,068

$36,068

$36,068

$432,816

140
22
16
140
$95
$165
$300
$30
$25,930

140
22
16
140
$95
$165
$300
$30
$25,930

140
22
16
140
$95
$165
$300
$30
$25,930

140
22
16
140
$95
$165
$300
$30
$25,930

140
22
16
140
$95
$165
$300
$30
$25,930

140
22
16
140
$95
$165
$300
$30
$25,930

1680
264
192
1680

$311,160

$422,678

$422,678

$422,678

$422,678

$422,678

$422,678

$5,072,136

490
710
190
$75
$125
$175
$158,750

490
710
190
$75
$125
$175
$158,750

490
710
190
$75
$125
$175
$158,750

490
710
190
$75
$125
$175
$158,750

490
710
190
$75
$125
$175
$158,750

490
710
190
$75
$125
$175
$158,750

5880
8520
2280

$1,905,000

$39,688

$39,688

$39,688

$39,688

$39,688

$39,688

$476,250

$198,438

$198,438

$198,438

$198,438

$198,438

$198,438

$2,381,250

49
26
26
17

49
26
26
17

49
26
26
17

49
26
26
17

49
26
26
17

49
26
26
17

49
$300
$200
$100
$25
$90
$27,335

49
$300
$200
$100
$25
$90
$27,335

49
$300
$200
$100
$25
$90
$27,335

49
$300
$200
$100
$25
$90
$27,335

49
$300
$200
$100
$25
$90
$27,335

49
$300
$200
$100
$25
$90
$27,335

$328,020

$27,335

$27,335

$27,335

$27,335

$27,335

$27,335

$328,020

300
4
12
55%
165
$80
$4,400
$88,000

300
4
12
55%
165
$80
$4,400
$88,000

300
4
12
55%
165
$80
$4,400
$88,000

300
4
12
55%
165
$80
$4,400
$88,000

300
4
12
55%
165
$80
$4,400
$88,000

300
4
12
55%
165
$80
$4,400
$88,000

$1,008,000

300
2.5
12
35%
105
$80
$1,750
$35,000

300
2.5
12
35%
105
$80
$1,750
$35,000

300
2.5
12
35%
105
$80
$1,750
$35,000

300
2.5
12
35%
105
$80
$1,750
$35,000

300
2.5
12
35%
105
$80
$1,750
$35,000

300
2.5
12
35%
105
$80
$1,750
$35,000

$402,000

$123,000

$123,000

$123,000

$123,000

$123,000

$123,000

$1,410,000

75
45%
34
44%
56%
15
19
$50
$5
$95
$750
$25,350

75
45%
34
44%
56%
15
19
$50
$5
$95
$750
$25,350

75
45%
34
44%
56%
15
19
$50
$5
$95
$750
$25,350

75
45%
34
44%
56%
15
19
$50
$5
$95
$750
$25,350

75
45%
34
44%
56%
15
19
$50
$5
$95
$750
$25,350

75
45%
34
44%
56%
15
19
$50
$5
$95
$750
$25,350

$286,200

375

375

375

375

375

375

$10
$112,500

$10
$112,500

$10
$112,500

$10
$112,500

$10
$112,500

$10
$112,500

$1,305,000

$260,850

$260,850

$260,850

$260,850

$260,850

$260,850

$3,001,200

440
250
$5
$50
$14,700

440
250
$5
$50
$14,700

440
250
$5
$50
$14,700

440
250
$5
$50
$14,700

440
250
$5
$50
$14,700

440
250
$5
$50
$14,700

$176,400

100
90%
$60
$5,400

100
90%
$60
$5,400

100
90%
$60
$5,400

100
90%
$60
$5,400

100
90%
$60
$5,400

100
90%
$60
$5,400

$63,000

20
100%
5
$38
$15,200

20
100%
5
$38
$15,200

20
100%
5
$38
$15,200

20
100%
5
$38
$15,200

20
100%
5
$38
$15,200

20
100%
5
$38
$15,200

$182,400

20
100%
4
$15
$4,800

20
100%
4
$15
$4,800

20
100%
4
$15
$4,800

20
100%
4
$15
$4,800

20
100%
4
$15
$4,800

20
100%
4
$15
$4,800

$57,600

12
100%
$90
$4,320

12
100%
$90
$4,320

12
100%
$90
$4,320

12
100%
$90
$4,320

12
100%
$90
$4,320

12
100%
$90
$4,320

$51,840

12
100%
$80
$3,840

12
100%
$80
$3,840

12
100%
$80
$3,840

12
100%
$80
$3,840

12
100%
$80
$3,840

12
100%
$80
$3,840

$46,080

$48,260

$48,260

$48,260

$48,260

$48,260

$48,260

$577,320

110
110

110
110

110
110

110
110

110
110

110
110

95
100
175
145
145
100
175
100
100
175
105

95
100
175
145
145
100
175
100
100
175
105

100
100
175
145
145
100
175
100
100
175
110

100
100
175
145
145
100
175
100
100
175
110

100
100
175
145
145
100
175
100
100
175
110

100
100
175
145
145
100
175
100
100
175
110

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$135,235

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$135,235

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$137,590

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$137,590

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$137,590

$78
$122
$246
$38
$76
$26
$46
$78
$70
$32
$60
$54
$225
$137,590

$1,622,820

$135,235

$135,235

$137,590

$137,590

$137,590

$137,590

$1,622,820

72
55%
40
50%
50%
20
20
$75
$10
$200
$1,500
$51,000

72
55%
40
50%
50%
20
20
$75
$10
$200
$1,500
$51,000

72
55%
40
50%
50%
20
20
$75
$10
$200
$1,500
$51,000

72
55%
40
50%
50%
20
20
$75
$10
$200
$1,500
$51,000

72
55%
40
50%
50%
20
20
$75
$10
$200
$1,500
$51,000

72
55%
40
50%
50%
20
20
$75
$10
$200
$1,500
$51,000

$600,300

335
$35
$11,725

335
$35
$11,725

335
$35
$11,725

335
$35
$11,725

335
$35
$11,725

335
$35
$11,725

$137,550

480

480

480

480

480

480

$85
$40,800

$85
$40,800

$85
$40,800

$85
$40,800

$85
$40,800

$85
$40,800

$474,300

$103,525

$103,525

$103,525

$103,525

$103,525

$103,525

$1,212,150

$1,880,585 $1,889,057 $1,897,889 $1,903,270 $1,908,254 $1,911,841 $22,195,879

Year 1
REVENUE STREAMS
GYM MEMBERSHIPS
Paid Trial Revenue
Enrollment Fees for New Members (One-time Payment)
Total Open Access Memberships Revenue
Total Team Training Memberships Revenue
Total Small Group Training Memberships Revenue
Total Personal / One-on-One Training Memberships Revenue
Total Gym Revenue
BICYCLE STORE
Total Revenue from Cycling Analysis
Total Revenue from Bicycle Sales
Total Bicycle Accessory Revenue
Total Bicycle E-Commerce Revenue
Total Bicycle Service Revenue
Total Bicycle Store Revenue

$192,240
$40,500
$43,065
$216,512
$584,545
$433,132
$1,509,994

$78,000
$965,900
$338,065
$138,197
$133,665
$1,653,827

RUNNING STORE
Total Revenue from Shoes
Total Clothing and Accessory Revenue

$712,500
$142,500

Total Running Store Revenue

$855,000

PERFORMANCE TESTING
Total Performance Testing Revenue

$131,000

CLIENT AMENITIES
Total Childcare Revenue (Weekdays and Weekends)
Total Bike Valet Revenue
Total Caf Revenue

$482,400
$44,400
$393,000

Total Client Amenities Revenue

$919,800

SWIMMING POOL
Total Revenue from Swimming Pool Users
Total Revenue from Masters Group
Total Revenue from Kids Group
Total Revenue from Adults Group
Total Revenue from Individual Instruction Group
Total Revenue from Video Analysis

$37,625
$22,020
$54,720
$17,280
$15,840
$14,080

Total Swimming Pool Revenue

$161,565

SPA
Total Spa Revenue

$573,195

STUDIOS
Total Computrainer Revenue
Total Revenue from Group Training
Total Revenue from Private Training

$150,000
$36,750
$102,000

Total Studio Revenue

$288,750
$6,093,131

TOTAL REVENUE FROM ALL REVENUE STREAMS

Direct Expenses
Cost of Goods Sold for Gyms (Recovery Center, Ice Bath, etc.)
Cost of Goods Sold for Cycling Store
Cost of Goods Sold for Running Store
Cost of Goods Sold for Performance Testing
Cost of Goods Sold for Client Ammenities
Cost of Goods Sold for Swimming Pool
Cost of Goods Sold for Spa
Cost of Goods Sold for Studios
Loyalty Discounts
Contract Labor

10%
55%
50%
50%
10%
5%
20%
3%
8%
5%

$25,000
$909,605
$427,500
$65,500
$91,980
$8,078
$114,639
$8,663
$487,450
$304,657

AGGREGATE COST OF GOODS SOLD

$2,443,071

Operational Expenses
Total Employee Salary (including benefits)
Marketing Expenses
Utilities
Finance, Audit and Legal Fees
Insurance
Repairs and Maintenance
General Admin. Expenses (includes Telephone, Internet Expenses,
Website Hosting, Stationery and Misc.)
Travel Expenses

Year 1
$4,312,224
$1,523,283
$121,863
$100,000
$180,000
$120,000

TOTAL OPERATING EXPENSES

$6,472,369

$75,000
$40,000

Year 2

Year 3

Year 4

Year 5

$256,320
$72,000
$102,366
$513,619
$1,389,154
$1,030,435

$320,400
$99,000
$147,708
$741,275
$2,005,094
$1,484,525

$352,440
$123,750
$193,149
$971,319
$2,625,220
$1,945,102

$384,480
$151,200
$251,559
$1,264,048
$3,417,271
$2,532,425

$3,363,894

$4,798,002

$6,210,980

$8,000,983

$144,000
$1,788,000
$625,800
$255,780
$215,700

$168,000
$2,211,600
$774,060
$315,366
$258,840

$182,400
$2,604,000
$1,041,600
$459,360
$292,500

$192,000
$2,954,400
$1,181,760
$432,816
$311,160

$3,029,280

$3,727,866

$4,579,860

$5,072,136

$1,335,000
$267,000

$1,533,000
$367,920

$1,740,000
$417,600

$1,905,000
$476,250

$1,602,000

$1,900,920

$2,157,600

$2,381,250

$217,560

$257,040

$296,820

$328,020

$820,800
$105,300
$810,000

$1,056,000
$173,400
$972,000

$1,240,800
$229,800
$1,125,000

$1,410,000
$286,200
$1,305,000

$1,736,100

$2,201,400

$2,595,600

$3,001,200

$74,500
$30,840
$91,200
$28,800
$25,920
$23,040

$113,250
$41,400
$136,800
$43,200
$38,880
$34,560

$153,000
$54,000
$164,160
$51,840
$47,520
$42,240

$176,400
$63,000
$182,400
$57,600
$51,840
$46,080

$274,300

$408,090

$512,760

$577,320

$850,260

$1,169,460

$1,461,300

$1,622,820

$247,950
$89,250
$244,800

$366,600
$116,900
$367,200

$487,200
$128,100
$418,200

$600,300
$137,550
$474,300

$582,000

$850,700

$1,033,500

$1,212,150

$11,655,394 $15,313,478 $18,848,420 $22,195,879

$27,500
$1,666,104
$801,000
$108,780
$173,610
$13,715
$170,052
$17,460
$932,432
$582,770

$30,250
$2,050,326
$950,460
$128,520
$220,140
$20,405
$233,892
$25,521
$1,225,078
$765,674

$33,275
$2,518,923
$1,078,800
$148,410
$259,560
$25,638
$292,260
$31,005
$1,507,874
$942,421

$36,603
$2,789,675
$1,190,625
$164,010
$300,120
$28,866
$324,564
$36,365
$1,775,670
$1,109,794

$4,493,422

$5,650,266

$6,838,166

$7,756,291

Year 2
$4,527,835
$2,564,187
$139,865
$110,000
$198,000
$132,000

Year 3
$5,760,155
$3,062,696
$153,135
$121,000
$217,800
$145,200

Year 4
$6,559,981
$3,204,231
$169,636
$133,100
$239,580
$159,720

Year 5
$7,090,551
$3,551,341
$177,567
$146,410
$263,538
$175,692

$82,500

$90,750

$99,825

$109,808

$44,000

$48,400

$53,240

$58,564

$7,798,387

$9,599,136 $10,619,313 $11,573,471

Profit and Loss Statement


Year 1

Projected figu
Sales
Other Revenue
Total income

$6,093,131
$0
$6,093,131

Direct Expenses
Gross profit

$2,443,071
$3,650,059

Operational Expenses
Total Employee Salary (including benefits)
Marketing Expenses
Utilities
Finance, Audit and Legal Fees
Insurance
Repairs and Maintenance
General Admin. Expenses (includes Telephone, Internet
Expenses, Website Hosting, Stationery and Misc.)
Travel Expenses

$4,312,224
$1,523,283
$121,863
$100,000
$180,000
$120,000
$75,000
$40,000

Sub total (indirect expenses)

$6,472,369

EBITDA
Depreciation
Amortization
EBIT
Interest on term loan

-$2,822,310
$1,182,635
$287,000
-$4,291,945
$0

EBT

-$4,291,945

State Tax
Federal Tax
Net Profit

10%
30%

$0
$0
-$4,291,945

Cash Flow Statement


Year 1
Sources
Equity
Debt Raised
Net income after tax
Depreciation and Expenses Written-off
Payables
Total sources
Uses
Fixed assets
Intangible assets
Deposits
Op. Exp. Cash Cushion
Gross current assets
Total uses

Projected Figu
$14,591,842
$0

$0
$0
-$4,291,945
$1,469,635
$203,589
$14,591,842 -$2,618,721

$5,473,102
$1,435,000
$750,000
$6,472,369
$14,130,472

$0
$0
$0
$0
$664,960
$664,960

Current surplus/deficit
Cumulative surplus

$461,371 -$3,283,681
$461,371 -$2,822,310

Balance Sheet
Year 1
Liabilities
Share capital
Reserves & Surplus
Debt Raised
other current liabilities
Total Liabilities
Assets
Fixed assets
Depreciation
Net Fixed Assets
Intangible assets
Op. Exp. Cash Cushion
Non current-deposits
Current Assets
Receivables and other current assets
Cash
Sub total-Current assets
Total Assets

Balance Check

Gross Profit Margin


Operating Profit Margin
Net Profit Margin

Projected Figu
$14,591,842 $14,591,842
$0 -$4,291,945
$0
$0
$203,589
$14,591,842 $10,503,487

$5,473,102
$5,473,102
$1,435,000
$6,472,369
$750,000

$5,473,102
$1,182,635
$4,290,467
$1,148,000
$6,472,369
$750,000

$0
$664,960
$461,371 -$2,822,310
$461,371 -$2,157,350
$14,591,842 $10,503,487

$0

$0

Profitability Ratios
Year 1
59.90%
106.22%
-70.44%

atement
Year 2
Year 3
Year 4
Year 5
Projected figures (in USD)
$11,655,394 $15,313,478 $18,848,420 $22,195,879
$0
$0
$0
$0
$11,655,394 $15,313,478 $18,848,420 $22,195,879
$4,493,422
$7,161,972

$5,650,266 $6,838,166 $7,756,291


$9,663,212 $12,010,254 $14,439,588

$4,527,835
$2,564,187
$139,865
$110,000
$198,000
$132,000

$5,760,155
$3,062,696
$153,135
$121,000
$217,800
$145,200

$6,559,981
$3,204,231
$169,636
$133,100
$239,580
$159,720

$7,090,551
$3,551,341
$177,567
$146,410
$263,538
$175,692

$82,500
$44,000

$90,750
$48,400

$99,825
$53,240

$109,808
$58,564

$7,798,387

$9,599,136 $10,619,313 $11,573,471

-$636,415
$884,695
$287,000
-$1,808,110
$0

$64,076
$671,624
$287,000
-$894,548
$0

$1,390,941
$517,300
$287,000
$586,642
$0

$2,866,117
$403,982
$287,000
$2,175,135
$0

-$1,808,110

-$894,548

$586,642

$2,175,135

$0
$0
-$1,808,110

$0
$0
-$894,548

$58,664
$175,992
$351,985

$217,513
$652,540
$1,305,081

ement
Year 2
Year 3
Year 4
Projected Figures (in USD)
$0
$0
$0
$0
$0
$0
-$1,808,110
-$894,548
$351,985
$1,171,695
$958,624
$804,300
$374,452
$470,855
$569,847
-$261,963
$534,932 $1,726,132

$0
$0
$0
$0
$994,921
$994,921

$0
$0
$0
$0
$1,239,569
$1,239,569

$0
$0
$0
$0
$1,444,733
$1,444,733

Year 5
$0
$0
$1,305,081
$690,982
$646,358
$2,642,421

$0
$0
$0
$0
$1,612,507
$1,612,507

-$1,256,884
-$704,637
$281,399 $1,029,914
-$4,079,194 -$4,783,831 -$4,502,432 -$3,472,518

et
Year 2
Year 3
Year 4
Year 5
Projected Figures (in USD)
$14,591,842 $14,591,842 $14,591,842 $14,591,842
-$6,100,055 -$6,994,603 -$6,642,618 -$5,337,537
$0
$0
$0
$0
$578,041 $1,048,897 $1,618,744 $2,265,101
$9,069,828 $8,646,136 $9,567,968 $11,519,407

$5,473,102
$2,067,330
$3,405,772
$861,000
$6,472,369
$750,000

$5,473,102
$2,738,954
$2,734,148
$574,000
$6,472,369
$750,000

$5,473,102
$3,256,254
$2,216,848
$287,000
$6,472,369
$750,000

$5,473,102
$3,660,236
$1,812,866
$0
$6,472,369
$750,000

$1,659,881 $2,899,450 $4,344,183 $5,956,690


-$4,079,194 -$4,783,831 -$4,502,432 -$3,472,518
-$2,419,313 -$1,884,381
-$158,250 $2,484,171
$9,069,828

$8,646,136

$9,567,968 $11,519,407

$0

$0

$0

$0

Year 2
61.45%
66.91%
-15.51%

Year 3
63.10%
62.68%
-5.84%

Year 4
63.72%
56.34%
1.87%

Year 5
65.06%
52.14%
5.88%

tios

Interest on working Capital


Interest rate for Cash credit
days in a year
Margin money
Item
Raw material storage period
Average collection period
Average credit period
Expenses other than cost of goods sold

14.50%
360
100%
Norms-days
45
5
30
20
Year 1

Year 2

Raw material
Cost of goods sold per day
Investment in Raw material
Daily sales

$6,786 $12,482
$305,384 $561,678
$16,925 $32,376

Indirect expenses per day


Cash cushion for expenses
Gross Working Capital
Payables
Net working capital required
Less margin money

$17,979
$359,576
$664,960
$203,589
$461,371
$461,371

$21,662
$433,244
$994,921
$374,452
$620,470
$620,470

Year 3

Year 4

Year 5

$15,695
$706,283
$42,537

$18,995
$854,771
$52,357

$21,545
$969,536
$61,655

$26,664
$29,498
$32,149
$533,285 $589,962 $642,971
$1,239,569 $1,444,733 $1,612,507
$470,855 $569,847 $646,358
$768,713 $874,885 $966,149
$768,713 $874,885 $966,149

FIXED ASSETS (IN USD)

Year 0

Year 1

Equipments
Building Acquisition
Buildout Expenses (incl. Architectural Fees)
Misc. Expenses

$1,923,102
$2,500,000
$1,000,000
$50,000

$0
$0
$0

Total Fixed Assets

$5,473,102

$0

START-UP EXPENSES (IN USD)


Web Development
Initial Legal Fees
Business Formation Expenses
Marketing Launch
Trademark and Patent Expenses
Misc. Expenses

Year 0
$25,000
$75,000
$25,000
$1,250,000
$10,000
$50,000

Sub total

$1,435,000

Total project cost (capital expenditure) - in USD


Fixed assets
Start up expenditure
Initial Inventory for Running Store (Clothes and Shoes)
Cash Cushion for Op. Exp.
Working capital from long term sources

Year 0
$5,473,102
$1,435,000
$750,000
$6,472,369
$461,371

Total

Means of Financing the capital expenditure (in USD)


Debt Equity Ratio
Equity
internal accrual
Debt
total
difference check

Depriciation Schedule
opening balance - for building
additional investment
less depreciation
WDV
opening balance - for other fixed assets
additional investment
less depreciation
WDV

Year 1
$0
$0
$0
$0
$0
$0
$0

Year 1
$0
$0
$0
$0
$0

$14,591,842

Year 0
0
$14,591,842
$0
$0
$14,591,842
0

$0

Year 1
$0
$0
$0
$0
0

Year 0

Year 1
$3,500,000
$0
15% $525,000
$2,975,000

$1,973,102
$0
33.33% $657,635
$1,315,467

Start-up Expenditure written off


rate/annum
opening balance
write off
closing balance

Year 0
20%

Year 1
$1,435,000
$287,000
$1,148,000

Year 2

Year 3

Year 4

Year 5

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0

$0

$0

$0

Year 2

Year 3

Year 4

Year 5

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0

$0

$0

$0

Year 2

Year 3

Year 4

Year 5

$0
$0
$0
$0
$0

$0
$0
$0
$0
$0

$0
$0
$0
$0
$0

$0
$0
$0
$0
$0

$0

$0

$0

Year 2

Year 3
$0
$0
$0
$0
0

Year 4
$0
$0
$0
$0
0

Year 5
$0
$0
$0
$0
0

$0
$0
$0
$0
0

Year 2
Year 3
Year 4
Year 5
$2,975,000 $2,528,750 $2,149,438 $1,827,022
$0
$0
$0
$0
$446,250 $379,313 $322,416 $274,053
$2,528,750 $2,149,438 $1,827,022 $1,552,969
$1,315,467
$0
$438,445
$877,022

$877,022
$0
$292,311
$584,711

$584,711
$0
$194,884
$389,827

$389,827
$0
$129,929
$259,897

Year 2
$1,148,000
$287,000
$861,000

Year 3

Year 4

Year 5

$861,000
$287,000
$574,000

$574,000
$287,000
$287,000

$287,000
$287,000
$0

EQUIPMENT
Total Equipment Cost

$1,923,102

Bicycle Store
PURCHASE
Purely Custom Fit Bike Pro, Custom Logos
Dartfish License
Gebiomized Pressure Sensory System
Logitech camera
Wahoo Trainer

COST
UNITS
$11,150
1
$3,400
1
$11,350
1
$200
2
$1,100
1
Total

Running Store
PURCHASE
Computers, phone, printers, etc.
Basic Store Fixtures/ Furniture
INTEGRITY / CLASSIC TREADMILL TV BRACKET

COST
UNITS
$1,500
1
$20,000
1
$2,711
1
Total

Performance Testing
PURCHASE
Oxycon Metabolic cart
INTEGRITY / CLASSIC TREADMILL TV BRACKET
Wahoo Trainer
Reclining Chair
Work Space Desk

COST
UNITS
$26,000
1
$2,711
1
$1,100
1
$500
1
$250
1

Total
General & Administrative
PURCHASE
Office desk
Computers, phone, printers, etc
Office Chairs

COST
UNITS
$500
35
$1,500
35
$300
35

Total
Recovery Center
Ice Bath (fits 4 athletes)
Normatec Recovery Boots PRO
Normatec Recovery Boots MVP
Arm Recovery
Hip Recovery
Yoga Mats (for Stretching)
Reclining Chair
Table

$20,000
$4,900
$1,750
$800
$800
$13
$499
$200

1
2
2
1
1
6
4
1

Foam Rollers
Stretching bands
Stress balls
Television

$13
$20
$35
$2,000

6
6
3
1
Total

$150,000

Track
200 Meter 12ft. Wide (4 Lane) track 8000sq ft.

Total
Pool
PURCHASE
Endless Pools 17' Swimming Pool
Pool (lessons) 3 lane 25 Meter
Pool (main) 6 lane 25 Meter
Pool Soft Costs
Pool Equipment
Lane Lines
Kick Boards
Pull Buoys
Fins
Paddles
Lane Line Reel
Backstroke Flag Stanchion
Backstroke Flag
Pace Clock
Storage Bins
16" Spine Board w/ head blocks
Rescue pole w/ hook
Ring Buoy
First Aid Kit
CPR pocket mask
CPR pocket mask replacement valve
Lane Line Tension reel
Spring End Fitting
Lane Line Wrench
Cup Anchor
Aqua Jogger belt

COST
UNITS
$23,900
2
$225,000
1
$375,000
1
$225,000
1
$419
$11
$9
$20
$16
$1,295
$220
$100
$370
$250
$260
$62
$67
$86
$10
$4
$70
$29
$23
$53
$47

5
24
24
18
12
1
4
1
1
1
1
2
2
1
1
1
5
5
1
10
2
Total

Client Amenities
IT
PURCHASE
Cisco 2811 (+ Support)
Cisco Ethernet Services Module
Hosted VOIP (Will include Phone) + 5G Data Storage
Live Office E-Mail Archiving (PENDING QUOTE)
Dell Server, Networking, Firewall, Storage
PBX
Installation, Cabling, Tools and Materials
Business Center Space
Individual Work Space Desks
Conference Table for 12
Ergonomic Mesh Chairs

COST
UNITS
$5,000
1
$5,000
1
$30
20
$10,000
$5,000
$1,200

1
1
1

$225
$4,000
$300

12
1
12

Privacy Panels (Dividers)


Projector: Ceiling Mount, Screen, HDMI Cabling
Wood Cabinet: Internal White Board
MFP: Printer, Scanner, Copier, Fax
Credenza/ Cabinet Storage
Game Room
Hockey Table 7' V-Force
Ping Pong Table Smash 7.0
Dart Board (stand up electronic)
Table Shuffle Board
Pin Ball Machine
Pool Table (Centurion)
Foosball Table
Arcade Game (Arcade Legends III w/ Golden Tee)
Sports Car Kiddie Ride
Table Top Arcade Game
Colton Lazy Time Love Seat (with middle console)
Madison Swivel Chair
Freeman Chess Table/ Chairs
Television

$300
$1,200
$1,100
$700
$1,000

10
1
1
1
1

$699
$679
$1,995
$2,000
$7,095
$4,159
$499
$3,099
$4,695
$1,995
$1,900
$800
$900
$2,000

1
1
1
1
1
1
1
1
1
1
2
3
1
1

$4,000
$4,800
$3,300
$2,000
$3,000
$90
$400
$2,500
$350
$3,500
$400
$650
$450
$250
$250
$400
$2,000
$300

1
1
1
1
1
2
3
1
1
1
1
1
1
3
2
1
1
1

$5,000
$5,000
$5,000

1
1
1

$4,000
$300
$1,200
$1,100
$1,500
$1,000

1
12
1
1
1
1

Caf
Commerical Range
Refigerator/ Freezer
Refrigerator Counter Top
Sandwich prep (refrigerated)
Ice Machine
Soup kettles
Commerical Blender
Espresso Machine
Coffee Maker
Dishwasher
Food Processor (3.5 qt.)
Drop Sink
Hands free wash sink
Equipment Stands
Work Tables
Shelving
Pots/ Pans/ Utensils/Knives
Rice Cooker
Child Care
Furniture
Toys
Art Supplies
Education Center
Conference Table for 12
Ergonomic Mesh Chairs
Projector: Ceiling mount, Screen, HDMI Cabling
Wood Cabinet: Internal White Board
Computers, phone, printers, etc
Credenza/ Cabinet Storage

Total

EQUIPMENT LIST

`
TOTAL
$11,150
$3,400
$11,350
$400
$1,100
$27,400

TOTAL
$1,500
$20,000
$2,711
$24,211

TOTAL
$26,000
$2,711
$1,100
$500
$250
$0
$0
$0
$0
$0
$30,561

TOTAL
$17,500
$52,500
$10,500
$0
$0
$0
$80,500

$20,000
$9,800
$3,500
$800
$800
$78
$1,996
$200

Training Center
PURCHASE
NON-LIFE FITNESS TV REMOTE CONTROL
LF 15" ATTACHABLE TV-NTSV/ ATSC
INTEGRITY / CLASSIC TREADMILL TV BRACKET
INTEGRITY CLSX CT TV BRACKET
INTEGRITY CLSXH CT CLSL SUMMIT TRAINER TV BRACKET
INTEGRITY CLSC, CLSR BIKE TV BRACKET
INTEGRITY CLSS STAIRCLIMBER TV BRACKET
INTEGRITY CROSS-TRAINER BASE/ LED CONSOLE
INTEGRITY RECUMBENT LIFE CYCLE BIKE BASE LED CONSOLE
INTEGRITY STAIRCLIMBER BASE / LED CONSOLE
INTEGRITY SUMMIT TRAINER BASE/ LED CONSOLE
INTEGRITY TREADMILL
INTEGRITY UPRIGHT LIFECYCLE
LIFE FITNESS HEAVY BAG
SIGNATURE BAR BELL RACK
SIGNATURE DUMBBELL RACK
SIGNATURE FLAT BENCH
SIGNATURE MULTIPLE ADJUSTABLE BENCH
SIGNATURE OLYMPIC BENCH WEIGHT STORAGE
SIGNATURE OLYMPIC BENCH WEIGHT STORAGE DECLINE
SIGNATURE OLYMPIC BENCH FLAT
SIGNATURE OLYMPIC BENCH INCLINE
SIGNATURE OLYMPIC SQUAT RACK
SIGNATURE SMITH MACHINE
SIGNATURE UTILITY BENCH
MJ CORE TOWER
MJAXO STATION
MJLP STATION
MJRW
MJTP TRICEP PUSHDOWN
SIGNATURE ABDOMINAL
SGNATURE ASSIT DIP CHIN
SIGNATURE BICEP CURL
SIGNATURE BACK EXTENSION
SIGNATURE CALF EXTENSION
SIGNATURE CHEST PRESS
SIGNATURE PECTORAL FLY DELTOID
SIGNATURE GLUTE
SIGNATURE HIP ABDUCTION
SIGNATURE HIP ADDUCTION
SIGNATURE LEG CURL
SIGNATURE LEG EXTENSION
SIGNATURE SERIES LATERAL RAISE
SIGNATURE PULLDOWN
SIGNATURE PECTORAL FLY
SIGNATURE ROW FZRW
SIGNATURE SEATED LEG CURL
SIGNATURE SEATED LEG PRESS
SIGNATURE SHOULDER PRESS

COST
$12
$649
$90
$90
$90
$90
$90
$2,970
$2,144
$2,079
$3,087
$4,660
$2,079
$357
$532
$604
$266
$682
$266
$682
$604
$649
$981
$2,489
$305
$762
$2,599
$1,397
$1,397
$1,000
$2,632
$2,892
$2,632
$2,729
$2,599
$2,794
$2,729
$2,632
$2,599
$2,599
$2,632
$2,859
$2,632
$2,729
$2,632
$2,632
$2,924
$4,192
$2,632

$78
$120
$105
$2,000
$39,477

$150,000
$150,000

TOTAL
$47,800
$225,000
$375,000
$225,000
$2,095
$263
$227
$359
$192
$1,295
$880
$100
$370
$250
$260
$124
$134
$86
$10
$4
$350
$145
$23
$530
$94
$880,589

TOTAL
$5,000
$5,000
$599
$0
$10,000
$5,000
$1,200
$2,700
$4,000
$3,600

SIGNATURE TRICPES PRESS


FXT-DIP
FXT STP
FXTT-RCC DAP REBOUNDER
FXTT-VVV VERSA
FXTM CORE
COVERED LOOP BAND
COVERED LOOP BAND VHVY
DUAL HANDLE COVERED BAND
DUAL HANDLE COVERED BAND VHVY
TRX RIP TRAINER
BAG GLOVES
KET- BELL 15
KET- BELL 20
KET- BELL 30
KET- BELL 40
MED BALL 4LB
MED BALL 6LB
MED BALL 8LB
MED BALL 10LB
MED BALL 12LB
ELITE OLYMPIC PLATE 5
ELITE OLYMPIC PLATE 10
ELITE OLYMPIC PLATE 25
BATTLING ROPE
VINYL JUMP ROPE
FREIGHT / FUEL / INSTALLATION

$2,599
$195
$260
$6,304
$3,574
$1,364
$19
$20
$23
$25
$124
$31
$44
$57
$70
$78
$33
$39
$44
$49
$53
$12
$24
$55
$75
$15
$34,023

Spa
PURCHASE

COST
Esthetics

Cabinet/ Storage
Bed/ Table
Technical Product Cart/ Facial
Technical Product Cart/ Waxing
Steam/ Microderm Machine
Mag Lamps
Product (initial inventory)
Towel Warmers
Client Chair
Professional Chair/ Stool
Heating pads
Electronic Candles

$150
$800
$700
$200
$1,000
$200
$5,000
$100
$100
$100
$50
$1,500
Massage

Cabinet/ Storage
Bed/ Table
Stone Warmer
Tools
Product (initial inventory)
Client Chair
Professional Chair/ Stool
Music Station
Electronic Candles
Heating pads

$150
$800
$200
$150
$800
$100
$100
$100
$1,500
$50
Pedicure

$3,000
$1,200
$1,100
$700
$1,000
$699
$679
$1,995
$2,000
$7,095
$4,159
$499
$3,099
$4,695
$1,995
$3,800
$2,400
$900
$2,000

Pedi Chair
Cart
Stool
Tools/ kits
Starter Products (initial inventory)
Cabinet/ Storage

$3,000
$189
$300
$250
$800
$500
Manicure

Station
Chairs
Lamps
Dryers/ Fans
Tools/ Utensils
Dryer Station
UV Lamps/ Machines
Salon Starter
Towel Warmers
Sanation Oven
Parafin Kit
Supplies

$300
$100
$80
$120
$250
$500
$200
$1,000
$200
$200
$250
$800
Salon

$4,000
$4,800
$3,300
$2,000
$3,000
$180
$1,200
$2,500
$350
$3,500
$400
$650
$450
$750
$500
$400
$2,000
$300
$5,000
$5,000
$5,000

$4,000
$3,600
$1,200
$1,100
$1,500
$1,000
$137,794

Stations/ (4 each)
Shampoo Bowels
Shampoo Chairs
Chairs
Mats
Dryers
Starter Color
Starter Salon Products (initial inventory)
Cutting Stools
Wall Station Storage
Carts
Dryers
Brush Sets
Clippers

$7,800
$2,200
$1,000
$1,250
$150
$200
$4,000
$12,000
$150
$389
$170
$175
$250
$100

Education Area/ Make up Area


Stools
Mirrors
Table
Starter Make up / Retail

$150
$75
$1,000
$3,000
Reception

Reception Desk
Reception area chairs
Computers

$4,500
$600
$600

Studios
PURCHASE
Computrainers
Group Exercise Life Cycle Stationary Bikes
Pilates Equipment

COST
$33,590
$1,073
$12,715

UNITS TOTAL
1
$12
44 $28,571
30
$2,711
5
$452
3
$271
3
$271
3
$271
5 $14,849
1
$2,144
3
$6,238
3
$9,261
30 $139,796
2
$4,159
1
$357
1
$532
3
$1,812
2
$532
3
$2,046
1
$266
1
$682
1
$604
1
$649
1
$981
1
$2,489
1
$305
2
$1,524
1
$2,599
2
$2,794
2
$2,794
2
$2,001
1
$2,632
1
$2,892
1
$2,632
1
$2,729
1
$2,599
1
$2,794
1
$2,729
1
$2,632
1
$2,599
1
$2,599
1
$2,632
1
$2,859
1
$2,632
1
$2,729
1
$2,632
1
$2,632
1
$2,924
1
$4,192
1
$2,632

1
$2,599
1
$195
1
$260
1
$6,304
1
$3,574
1
$1,364
1
$19
1
$20
1
$23
1
$25
1
$124
2
$62
1
$44
1
$57
1
$70
1
$78
1
$33
1
$39
1
$44
1
$49
1
$53
1
$12
2
$48
1
$55
1
$75
1
$15
1 $34,023
Total $333,937

UNITS

TOTAL

3
3
3
3
3
3
1
6
3
3
6
1

$450
$2,400
$2,100
$600
$3,000
$600
$5,000
$600
$300
$300
$300
$1,500

3
3
3
3
1
3
3
3
1
9

$450
$2,400
$600
$450
$800
$300
$300
$300
$1,500
$450

3
3
3
6
1
1

$9,000
$567
$900
$1,500
$800
$500
$0

3
6
6
6
6
3
3
1
2
2
2
1

$900
$600
$480
$720
$1,500
$1,500
$600
$1,000
$400
$400
$500
$800

2
4
8
8
8
9
1
1
8
8
8
12
8
8

$15,600
$8,800
$8,000
$10,000
$1,200
$1,800
$4,000
$12,000
$1,200
$3,112
$1,360
$2,100
$2,000
$800

12
12
1
1

$1,800
$900
$1,000
$3,000

1
10
6

$4,500
$6,000
$3,600

Total $140,139

UNITS TOTAL
1 $33,590
30 $32,190
1 $12,715
Total

$78,495

VALAUATION METHOD: EBITDA MULTIPLE METHOD


EBITDA Multiple for a Retail Business based on US Industry Averages = 8.96 (EBITDA multiple is obtaine
analysis of 36 restaurants in the United States

EBITDA MULTIPLE - 7X
EBITDA MULTIPLE - 8X
EBITDA MULTIPLE - 9X
EBITDA MULTIPLE - 10X
EBITDA MULTIPLE - 11X
EBITDA MULTIPLE - 12X

VALUATION AT THE END OF YEAR 1 - YEAR 5


Year 1
Year 2
Year 3
-$19,756,170 -$4,454,904 $448,534
-$22,578,480 -$5,091,319 $512,610
-$25,400,790 -$5,727,733 $576,686
-$28,223,100 -$6,364,148 $640,763
-$31,045,410 -$7,000,563 $704,839
-$33,867,720 -$7,636,978 $768,915

INTERNAL RATE OF RETURN (IRR) AT THE END OF YEAR 5


Year 0
Year 1
Year 2
Equity Infusion
-$14,591,842
$0
$0
Value at the end of Corresponding Year
Sub-total Cashflows
-$14,591,842
$0
$0
Internal Rate of Return (IRR)
12%

= 8.96 (EBITDA multiple is obtained is based on an

EAR 5
Year 4
$9,736,588
$11,127,530
$12,518,471
$13,909,412
$15,300,353
$16,691,294

THE END OF YEAR 5


Year 3

Year 5
$20,062,821
$22,928,938
$25,795,056
$28,661,173
$31,527,290
$34,393,407

Year 4

Year 5

$0

$0

$0

$0

$0
$25,795,056
$25,795,056

EBITDA % Change
30%
20%
10%
0%
-10%
-20%
-30%

Year 1
-$1,975,617
-$2,257,848
-$2,540,079
-$2,822,310
-$3,104,541
-$3,386,772
-$3,669,003

Year 2
-$445,490
-$509,132
-$572,773
-$636,415
-$700,056
-$763,698
-$827,339

Year 3
$44,853
$51,261
$57,669
$64,076
$70,484
$76,892
$83,299

Year 4
$1,808,224
$1,669,129
$1,530,035
$1,390,941
$1,251,847
$1,112,753
$973,659

10

VALUATION - YEAR 4
EBITDA % Change
7X
8X
9X
10x
30% $12,657,565 $14,465,789 $16,274,012 $18,082,236
20% $11,683,906 $13,353,036 $15,022,165 $16,691,294
10% $10,710,247 $12,240,283 $13,770,318 $15,300,353
0% $9,736,588 $11,127,530 $12,518,471 $13,909,412
-10% $8,762,930 $10,014,777 $11,266,624 $12,518,471
-20% $7,789,271 $8,902,024 $10,014,777 $11,127,530
-30% $6,815,612 $7,789,271 $8,762,930 $9,736,588

Year 5
$3,725,952
$3,439,341
$3,152,729
$2,866,117
$2,579,506
$2,292,894
$2,006,282

11

12

11x
$19,890,459
$18,360,424
$16,830,389
$15,300,353
$13,770,318
$12,240,283
$10,710,247

12x
$21,698,683
$20,029,553
$18,360,424
$16,691,294
$15,022,165
$13,353,036
$11,683,906

EBITDA % Change
30%
20%
10%
0%
-10%
-20%
-30%

7X
$26,081,667
$24,075,385
$22,069,103
$20,062,821
$18,056,539
$16,050,257
$14,043,975

VALUATION - YEAR 5
8X
9X
$29,807,620 $33,533,572
$27,514,726 $30,954,067
$25,221,832 $28,374,561
$22,928,938 $25,795,056
$20,636,044 $23,215,550
$18,343,151 $20,636,044
$16,050,257 $18,056,539

ON - YEAR 5
10x
$37,259,525
$34,393,407
$31,527,290
$28,661,173
$25,795,056
$22,928,938
$20,062,821

11x
$40,985,477
$37,832,748
$34,680,019
$31,527,290
$28,374,561
$25,221,832
$22,069,103

12x
$44,711,430
$41,272,089
$37,832,748
$34,393,407
$30,954,067
$27,514,726
$24,075,385

GAGRAC CAP TA

Type

Affiliation
Founder(s)

Common
Founders Total
Common
Angels Total

Investors

Preferred
Preferred Total
Equity Total
Common
Options/Warrants Total
Grand Total

Employees/Advisors

Total External Investors


Total Founders, Management, and Advisers
Price per Share
Pre-Money Value
Post-Money Value
Post-Money Value with Options
Liquidation Preference Amount

INVESTOR DEAL
Amount
Security
Pre-Money Valuation
Current Class of Security Unites
Class B Preferred Units

$14,591,842
Class B Preferred Units
$29,183,685
Class A Common Units
12% interest until conversion
will be applied

GAGRAC CAP TABLE


Founding

Series A Round

Total Shares Ownership %


10,000,000
100.0%
10,000,000
100.0%

# Shares
-

Total Shares Ownership % Fully Diluted %


10,000,000
66.7%
66.7%
10,000,000
66.7%
66.7%

14,591,842
14,591,842

5,000,000
5,000,000

5,000,000
5,000,000

33.3%
33.3%

33.3%
33.3%

10,000,000

100.0% 14,591,842

5,000,000

15,000,000

100.0%

100.0%

10,000,000

0.0%
0.0%
100.0% 14,591,842

5,000,000

15,000,000

0.0%
100.0%

0.0%
0.0%
100.0%
33.3%
66.7%

2.92
29,183,685
43,775,527
43,775,527

33.3%
66.7%

Particulars

Total Gym Revenue


Total Bicycle Store Revenue
Total Running Store Revenue
Total Performance Testing Revenue
Total Client Amenities Revenue
Total Swimming Pool Revenue
Total Spa Revenue
Total Studio Revenue
TOTAL REVENUE
Cost of Goods Sold for Gyms (Recovery Center, Ice Bath, etc.)
Cost of Goods Sold for Cycling Store
Cost of Goods Sold for Running Store
Cost of Goods Sold for Performance Testing
Cost of Goods Sold for Client Ammenities
Cost of Goods Sold for Swimming Pool
Cost of Goods Sold for Spa
Cost of Goods Sold for Studios
Loyalty Discounts
Contract Labor
TOTAL COST OF GOODS SOLD
OPERATING EXPENSES
TOTAL COGS AND OPERATIONAL EXPENSES
CASH SURPLUS / DEFICIT

55%
50%
50%
10%
5%
20%
3%
8%
5%

Month 1
$27,125
$41,351
$21,000
$5,450
$33,600
$10,040
$34,900
$11,475

Month 2
$57,822
$41,351
$21,000
$5,450
$44,300
$10,165
$34,900
$12,075

Month 3
$80,045
$74,290
$25,500
$5,450
$56,900
$10,910
$37,415
$16,900

Month 4

Month 5

Year 1
Month 6 Month 7

Month 8

Month 9

$97,187 $110,243 $120,110 $138,036 $155,676 $168,631


$78,645 $106,090 $133,266 $137,486 $152,308 $183,345
$42,000 $46,500 $46,500 $84,000 $84,000 $88,500
$5,450 $10,900 $10,900 $10,900 $10,900 $16,400
$59,050 $63,850 $68,650 $81,150 $84,350 $93,350
$11,035 $12,895 $13,770 $13,770 $14,075 $15,825
$41,655 $44,170 $44,170 $50,925 $50,925 $52,315
$17,500 $20,375 $22,625 $26,900 $27,500 $30,075

$184,940 $227,062 $307,410 $352,522 $415,023 $459,990 $543,166 $579,734 $648,440

$22,743
$10,500
$2,725
$3,360
$502
$6,980
$344
$12,625
$9,247

$22,743
$10,500
$2,725
$4,430
$508
$6,980
$362
$13,539
$11,353

$40,860
$12,750
$2,725
$5,690
$546
$7,483
$507
$18,189
$15,370

$43,255
$21,000
$2,725
$5,905
$552
$8,331
$525
$20,427
$17,626

$58,350
$23,250
$5,450
$6,385
$645
$8,834
$611
$24,382
$20,751

$73,296
$23,250
$5,450
$6,865
$689
$8,834
$679
$27,190
$23,000

$75,617
$42,000
$5,450
$8,115
$689
$10,185
$807
$32,410
$27,158

$83,769 $100,839
$42,000 $44,250
$5,450
$8,200
$8,435
$9,335
$704
$791
$10,185 $10,463
$825
$902
$33,925 $38,385
$28,987 $32,422

$69,026

$73,141 $104,120 $120,345 $148,658 $169,252 $202,431 $214,279 $245,588

$539,364 $539,364 $539,364 $539,364 $539,364 $539,364 $539,364 $539,364 $539,364


$608,390 $612,505 $643,484 $659,709 $688,022 $708,616 $741,795 $753,644 $784,952
-$423,450 -$385,443 -$336,074 -$307,188 -$273,000 -$248,626 -$198,629 -$173,910 -$136,512

Month 10 Month 11 Month 12 Month 1


$178,198
$213,440
$129,000
$16,400
$103,400
$16,070
$59,680
$32,625

$185,473
$239,818
$133,500
$16,400
$112,400
$16,070
$61,070
$35,200

$191,454
$252,440
$133,500
$16,400
$118,800
$16,940
$61,070
$35,500

$217,712
$252,440
$133,500
$18,130
$127,100
$18,870
$64,425
$40,025

Month 2 Month 3 Month 4 Month 5 Month 6


$240,037
$252,440
$133,500
$18,130
$127,100
$19,050
$64,425
$40,025

$257,179
$252,440
$133,500
$18,130
$127,100
$19,050
$64,425
$40,025

$269,835
$252,440
$133,500
$18,130
$137,950
$19,050
$64,425
$44,600

$279,701
$252,440
$133,500
$18,130
$139,950
$22,725
$70,530
$46,550

Year 2
Month 7

$287,475
$252,440
$133,500
$18,130
$139,950
$22,725
$70,530
$46,550

$293,355
$252,440
$133,500
$18,130
$152,400
$22,725
$71,180
$51,425

$748,812 $799,930 $826,104 $872,202 $894,707 $911,849 $939,930 $963,526 $971,300

$995,155

$117,392 $131,900 $138,842 $138,842 $138,842 $138,842 $138,842 $138,842 $138,842


$64,500 $66,750 $66,750 $66,750 $66,750 $66,750 $66,750 $66,750 $66,750
$8,200
$8,200
$8,200
$9,065
$9,065
$9,065
$9,065
$9,065
$9,065
$10,340 $11,240 $11,880 $12,710 $12,710 $12,710 $13,795 $13,995 $13,995
$804
$804
$847
$944
$953
$953
$953
$1,136
$1,136
$11,936 $12,214 $12,214 $12,885 $12,885 $12,885 $12,885 $14,106 $14,106
$979
$1,056
$1,065
$1,201
$1,201
$1,201
$1,338
$1,397
$1,397
$45,649 $49,157 $50,772 $52,359 $52,374 $52,374 $53,608 $54,706 $54,706
$37,441 $39,997 $41,305 $43,610 $44,735 $45,592 $46,997 $48,176 $48,565

$138,842
$66,750
$9,065
$15,240
$1,136
$14,236
$1,543
$56,144
$49,758

$297,240 $321,316 $331,875 $338,366 $339,514 $340,371 $344,232 $348,173 $348,562

$352,714

$539,364 $539,364 $539,364 $649,866 $649,866 $649,866 $649,866 $649,866 $649,866

$649,866

$836,604 $860,680 $871,239 $988,231 $989,380 $990,237 $994,097 $998,039 $998,427 $1,002,579
-$87,792 -$60,750 -$45,136 -$116,029 -$94,673 -$78,388 -$54,167 -$34,513 -$27,127

-$7,424

Year 2
Month 8
$298,339
$252,440
$133,500
$18,130
$152,400
$22,905
$71,180
$51,425

Month 9
$301,827
$252,440
$133,500
$18,130
$154,400
$26,710
$77,285
$53,375

Month 10
$304,218
$252,440
$133,500
$18,130
$159,250
$26,710
$77,285
$57,950

Month 11
$306,411
$252,440
$133,500
$18,130
$159,250
$26,890
$77,285
$57,950

Month 12
$307,805
$252,440
$133,500
$18,130
$159,250
$26,890
$77,285
$52,100

Month 1
$331,142
$310,656
$158,410
$21,420
$173,700
$32,245
$86,440
$66,375

Month 2
$353,864
$310,656
$158,410
$21,420
$173,700
$32,245
$86,440
$66,375

Month 3
$372,302
$310,656
$158,410
$21,420
$173,700
$32,245
$87,160
$66,375

$1,000,319 $1,017,667 $1,029,483 $1,031,856 $1,027,400 $1,180,388 $1,203,110 $1,222,268

$138,842
$66,750
$9,065
$15,240
$1,145
$14,236
$1,543
$56,158
$50,016

$138,842
$66,750
$9,065
$15,440
$1,336
$15,457
$1,601
$57,267
$50,883

$138,842
$66,750
$9,065
$15,925
$1,336
$15,457
$1,739
$58,021
$51,474

$138,842
$66,750
$9,065
$15,925
$1,345
$15,457
$1,739
$58,036
$51,593

$138,842
$66,750
$9,065
$15,925
$1,345
$15,457
$1,563
$57,568
$51,370

$170,861
$79,205
$10,710
$17,370
$1,612
$17,288
$1,991
$67,940
$59,019

$170,861
$79,205
$10,710
$17,370
$1,612
$17,288
$1,991
$67,940
$60,155

$170,861
$79,205
$10,710
$17,370
$1,612
$17,432
$1,991
$67,997
$61,113

$352,995

$356,641

$358,608

$358,750

$357,884

$425,996

$427,132

$428,292

$649,866

$649,866

$649,866

$649,866

$649,866

$799,928

$799,928

$799,928

$1,002,861 $1,006,507 $1,008,474 $1,008,616 $1,007,750 $1,225,924 $1,227,060 $1,228,220


-$2,542

$11,160

$21,009

$23,240

$19,650

-$45,537

-$23,951

-$5,952

Month 4
$386,753
$310,656
$158,410
$21,420
$173,700
$32,545
$89,240
$66,375

Month 5
$398,214
$310,656
$158,410
$21,420
$180,400
$33,795
$96,315
$70,850

Year 3
Month 6
Month 7
$406,784
$310,656
$158,410
$21,420
$180,400
$33,795
$96,315
$70,850

$413,960
$310,656
$158,410
$21,420
$186,400
$34,220
$99,115
$70,850

Month 8
$419,841
$310,656
$158,410
$21,420
$186,400
$34,220
$99,115
$70,850

Month 9
$424,326
$310,656
$158,410
$21,420
$193,250
$35,470
$105,830
$75,450

Month 10
$427,614
$310,656
$158,410
$21,420
$193,250
$35,770
$106,870
$75,450

Month 11
$430,305
$310,656
$158,410
$21,420
$193,250
$35,770
$108,310
$75,450

$1,239,099 $1,270,060 $1,278,630 $1,295,031 $1,300,912 $1,324,812 $1,329,440 $1,333,571

$170,861
$79,205
$10,710
$17,370
$1,627
$17,848
$1,991
$68,188
$61,955

$170,861
$79,205
$10,710
$18,040
$1,690
$19,263
$2,126
$69,748
$63,503

$170,861
$79,205
$10,710
$18,040
$1,690
$19,263
$2,126
$69,748
$63,931

$170,861
$79,205
$10,710
$18,640
$1,711
$19,823
$2,126
$70,486
$64,752

$170,861
$79,205
$10,710
$18,640
$1,711
$19,823
$2,126
$70,486
$65,046

$170,861
$79,205
$10,710
$19,325
$1,774
$21,166
$2,264
$72,039
$66,241

$170,861
$79,205
$10,710
$19,325
$1,789
$21,374
$2,264
$72,146
$66,472

$170,861
$79,205
$10,710
$19,325
$1,789
$21,662
$2,264
$72,261
$66,679

$429,755

$435,144

$435,573

$438,312

$438,606

$443,583

$444,145

$444,754

$799,928

$799,928

$799,928

$799,928

$799,928

$799,928

$799,928

$799,928

$1,229,683 $1,235,072 $1,235,501 $1,238,240 $1,238,534 $1,243,511 $1,244,073 $1,244,682


$9,416

$34,987

$43,129

$56,790

$62,377

$81,301

$85,367

$88,888

Month 12
$432,897
$310,656
$158,410
$21,420
$193,250
$35,770
$108,310
$75,450

Month 1
$455,368
$381,655
$179,800
$24,735
$207,550
$41,805
$116,425
$82,000

Month 2
$476,099
$381,655
$179,800
$24,735
$207,550
$41,805
$116,425
$82,000

Month 3
$491,944
$381,655
$179,800
$24,735
$207,550
$41,805
$116,425
$82,000

Month 4
$505,200
$381,655
$179,800
$24,735
$207,550
$41,805
$117,655
$82,000

Month 5
$515,165
$381,655
$179,800
$24,735
$209,200
$42,105
$118,780
$84,550

Year 4
Month 6
Month 7
$523,237
$381,655
$179,800
$24,735
$209,200
$42,105
$118,780
$84,550

$530,414
$381,655
$179,800
$24,735
$223,500
$43,355
$124,770
$86,600

$1,336,163 $1,489,338 $1,510,069 $1,525,914 $1,540,400 $1,555,990 $1,564,062 $1,594,829

$170,861
$79,205
$10,710
$19,325
$1,789
$21,662
$2,264
$72,261
$66,808

$209,910
$89,900
$12,368
$20,755
$2,090
$23,285
$2,460
$82,718
$74,467

$209,910
$89,900
$12,368
$20,755
$2,090
$23,285
$2,460
$82,718
$75,503

$209,910
$89,900
$12,368
$20,755
$2,090
$23,285
$2,460
$82,718
$76,296

$209,910
$89,900
$12,368
$20,755
$2,090
$23,531
$2,460
$82,816
$77,020

$209,910
$89,900
$12,368
$20,920
$2,105
$23,756
$2,537
$83,266
$77,799

$209,910
$89,900
$12,368
$20,920
$2,105
$23,756
$2,537
$83,266
$78,203

$209,910
$89,900
$12,368
$22,350
$2,168
$24,954
$2,598
$85,153
$79,741

$444,884

$517,952

$518,989

$519,781

$520,850

$522,561

$522,965

$529,142

$799,928

$884,943

$884,943

$884,943

$884,943

$884,943

$884,943

$884,943

$1,244,812 $1,402,895 $1,403,932 $1,404,724 $1,405,793 $1,407,504 $1,407,907 $1,414,085


$91,351

$86,442

$106,137

$121,189

$134,607

$148,486

$156,154

$180,744

r4
Month 8
$535,496
$381,655
$179,800
$24,735
$223,500
$43,355
$124,770
$86,600

Month 9
$539,981
$381,655
$179,800
$24,735
$225,000
$43,655
$125,895
$90,800

Month 10
$543,669
$381,655
$179,800
$24,735
$225,000
$43,655
$127,125
$90,800

Month 11
$546,360
$381,655
$179,800
$24,735
$225,000
$43,655
$127,125
$90,800

Month 12
$548,053
$381,655
$179,800
$24,735
$225,000
$43,655
$127,125
$90,800

Month 1
$578,922
$422,678
$198,438
$27,335
$239,350
$47,960
$132,880
$98,500

Month 2
$606,429
$422,678
$198,438
$27,335
$239,350
$47,960
$132,880
$98,500

Month 3
$628,653
$422,678
$198,438
$27,335
$239,350
$47,960
$132,880
$98,500

$1,599,911 $1,611,521 $1,616,439 $1,619,130 $1,620,823 $1,746,063 $1,773,570 $1,795,794

$209,910
$89,900
$12,368
$22,350
$2,168
$24,954
$2,598
$85,153
$79,996

$209,910
$89,900
$12,368
$22,500
$2,183
$25,179
$2,724
$85,723
$80,576

$209,910
$89,900
$12,368
$22,500
$2,183
$25,425
$2,724
$85,822
$80,822

$209,910
$89,900
$12,368
$22,500
$2,183
$25,425
$2,724
$85,822
$80,956

$209,910
$89,900
$12,368
$22,500
$2,183
$25,425
$2,724
$85,822
$81,041

$232,473
$99,219
$13,668
$23,935
$2,398
$26,576
$2,955
$93,371
$87,303

$232,473
$99,219
$13,668
$23,935
$2,398
$26,576
$2,955
$93,371
$88,678

$232,473
$99,219
$13,668
$23,935
$2,398
$26,576
$2,955
$93,371
$89,790

$529,396

$531,063

$531,653

$531,788

$531,872

$581,898

$583,273

$584,384

$884,943

$884,943

$884,943

$884,943

$884,943

$964,456

$964,456

$964,456

$1,414,339 $1,416,005 $1,416,596 $1,416,730 $1,416,815 $1,546,353 $1,547,729 $1,548,840


$185,572

$195,515

$199,843

$202,399

$204,008

$199,709

$225,841

$246,954

Month 4
$647,091
$422,678
$198,438
$27,335
$239,350
$47,960
$132,880
$98,500

Month 5
$662,040
$422,678
$198,438
$27,335
$239,350
$47,960
$135,235
$98,500

Year 5
Month 6
Month 7
$674,298
$422,678
$198,438
$27,335
$239,350
$47,960
$135,235
$98,500

$684,264
$422,678
$198,438
$27,335
$260,850
$48,260
$135,235
$103,525

Month 8
$692,736
$422,678
$198,438
$27,335
$260,850
$48,260
$135,235
$103,525

Month 9
$699,213
$422,678
$198,438
$27,335
$260,850
$48,260
$137,590
$103,525

Month 10
$704,594
$422,678
$198,438
$27,335
$260,850
$48,260
$137,590
$103,525

Month 11
$709,578
$422,678
$198,438
$27,335
$260,850
$48,260
$137,590
$103,525

$1,814,232 $1,831,536 $1,843,794 $1,880,585 $1,889,057 $1,897,889 $1,903,270 $1,908,254

$232,473
$99,219
$13,668
$23,935
$2,398
$26,576
$2,955
$93,371
$90,712

$232,473
$99,219
$13,668
$23,935
$2,398
$27,047
$2,955
$93,560
$91,577

$232,473
$99,219
$13,668
$23,935
$2,398
$27,047
$2,955
$93,560
$92,190

$232,473
$99,219
$13,668
$26,085
$2,413
$27,047
$3,106
$95,706
$94,029

$232,473
$99,219
$13,668
$26,085
$2,413
$27,047
$3,106
$95,706
$94,453

$232,473
$99,219
$13,668
$26,085
$2,413
$27,518
$3,106
$95,894
$94,894

$232,473
$99,219
$13,668
$26,085
$2,413
$27,518
$3,106
$95,894
$95,163

$232,473
$99,219
$13,668
$26,085
$2,413
$27,518
$3,106
$95,894
$95,413

$585,306

$586,831

$587,443

$593,745

$594,168

$595,269

$595,538

$595,788

$964,456

$964,456

$964,456

$964,456

$964,456

$964,456

$964,456

$964,456

$1,549,762 $1,551,286 $1,551,899 $1,558,201 $1,558,624 $1,559,725 $1,559,994 $1,560,244


$264,470

$280,249

$291,894

$322,384

$330,432

$338,163

$343,275

$348,010

Month 12
$713,165
$422,678
$198,438
$27,335
$260,850
$48,260
$137,590
$103,525
$1,911,841

$232,473
$99,219
$13,668
$26,085
$2,413
$27,518
$3,106
$95,894
$95,592
$595,967
$964,456
$1,560,423
$351,418

Operational Expenses
Marketing Expenses as a % of Revenue
Total Marketing Expenses

Year 1
25%
$1,523,283

Utilities as a % of Revenue
Total Utility Expenses

Other Expenses Growth Rate


Finance, Audit and Legal Fees
Insurance
Repairs and Maintenance
General Admin. Expenses (includes Telephone, Internet
Expenses, Website Hosting, Stationery and Misc.)
Travel Expenses
TOTAL OPERATING EXPENSES

2.0%
$121,863

10%
$100,000
$180,000
$120,000
$75,000
$40,000
$2,160,145

Year 2
Year 3
Year 4
Year 5
22%
20%
17%
16%
$2,564,187 $3,062,696 $3,204,231 $3,551,341
1.2%
$139,865

1.0%
$153,135

0.9%
$169,636

0.8%
$177,567

$110,000
$198,000
$132,000

$121,000
$217,800
$145,200

$133,100
$239,580
$159,720

$146,410
$263,538
$175,692

$82,500

$90,750

$99,825

$109,808

$44,000

$48,400

$53,240

$58,564

$3,270,551 $3,838,980 $4,059,332 $4,482,919

Years
Year 1
Year 2
Year 3
Year 4
Year 5

Total Sales Net Income (in


(in mn)
mn)
$6.09
-$4.29
$11.66
-$1.81
$15.31
-$0.89
$18.85
$0.35
$22.20
$1.31

Total Sales vs Net Profit (in Million)


$25.00

$1.31

$1.00

$0.35

$20.00

$2.00

$0.00
-$0.89

$15.00

-$1.00
-$1.81
$22.20

$10.00
$15.31
$5.00

$0.00

-$2.00

$18.85
-$3.00

$11.66
-$4.29
$6.09

Year 1

-$4.00

Year 2

Year 3

Year 4

Year 5

-$5.00

Years
Year 1
Year 2
Year 3
Year 4
Year 5

Total Gym Total Bicycle


Total Running Total Performance
Revenue Store Revenue Store Revenue
Testing Revenue
$1,509,994
$1,653,827
$855,000
$131,000
$3,363,894
$3,029,280
$1,602,000
$217,560
$4,798,002
$3,727,866
$1,900,920
$257,040
$6,210,980
$4,579,860
$2,157,600
$296,820
$8,000,983
$5,072,136
$2,381,250
$328,020

Revenue by Different Revenue Streams

Year 1

Year 2

Year 3

Ye

Total Client
Total Swimming
Amenities Revenue
Pool Revenue
$919,800
$161,565
$1,736,100
$274,300
$2,201,400
$408,090
$2,595,600
$512,760
$3,001,200
$577,320

Total Spa Total Studio


Revenue
Revenue
$573,195
$288,750
$850,260
$582,000
$1,169,460
$850,700
$1,461,300
$1,033,500
$1,622,820
$1,212,150

y Different Revenue Streams

Year 3

Year 4

Year 5

SALARY OF EMPLOYEES AND TOTAL EMPLOYEES (FOR ALL DEPARTMENTS)


Salaries
Sales and Marketing Team
CMO / Strategist
Director of Marketing
Marketing Manager
Social Media Manager
E-Commerce Manager
Branding Manager
Consumer Insight Analyst

Year 1

Year 2

Year 3

Year 4

$250,000
$110,000
$60,000
$50,000
$50,000
$60,000
$60,000

1
1
1
1
1
1
1

1
1
1
1
1
1
1

1
1
2
1
1
1
1

1
1
2
2
1
1
1

Training Center
Fitness Director
Member Relationship Manager
Director of Aquatics
Aquatics Assistants
Director of Coaching
Coaching Assistants
Receptionist
House Keeping

$70,000
$50,000
$50,000
$35,000
$70,000
$40,000
$20,000
$18,000

1
1
1
1
1
4
3
5

1
1
1
1
1
4
3
5

1
1
2
2
1
5
5
7

1
1
2
2
1
5
5
7

Bike Store
Store Manager
Director of Cycling Analysis
Sales Assistants
Service Manager
Service Assistants

$60,000
$65,000
$40,000
$55,000
$35,000

1
1
2
1
2

1
1
2
1
2

1
1
2
1
2

1
1
3
1
3

Running Store
Store Manager
Store Assistants

$42,000
$35,000

1
2

1
2

1
2

1
3

Client Amenities
Caf Manager
Caf Assistants
Director of Child Care
Child Care Assistants

$50,000
$25,000
$80,000
$35,000

1
2
1
4

1
2
1
4

1
2
1
6

1
2
1
6

Studios
Director of Studios
Pilates Assistant

$40,000
$25,000

1
1

1
1

1
2

1
2

Spa
Director of Spa
Receptionist
Shampoo Technician
Massage Therapist
Cosmetologist
Nail Technician
Make Up Artist
Esthetician
Make Up Assistant

$75,000
$20,000
$25,000
$25,000
$25,000
$25,000
$25,000
$25,000
$20,000

1
1
2
2
2
2
2
3
1

1
1
2
2
2
2
2
3
1

1
2
2
2
2
2
2
3
1

1
2
2
2
2
2
2
3
1

General & Administration Team

Chief Strategist
Admin Assistant
Chief Financial Officer
Accountant / Bookkeeper
Buyer / Receiving Manager
HR Manager
HR Executive
Strategic Consultant
TOTAL EMPLOYEES

$250,000
$40,000
$150,000
$50,000
$60,000
$50,000
$35,000
$150,000

1
1
0
1
1
1
2
2

1
1
0
1
1
1
2
2

1
2
1
1
2
2
3
2

1
2
1
2
2
2
3
3

69

69

86

92

ARTMENTS)

TOTAL SALARIES FOR EMPLOYEES


Year 5

Year 2
5%

1
1
2
2
1
1
1

Salary Growth Rate


Sales and Marketing Team
CMO / Strategist
Director of Marketing
Website
Social Media / Event Manager
E-Commerce Manager
Branding Manager
Consumer Insight Analyst

Year 1
NA
$250,000
$110,000
$60,000
$50,000
$50,000
$60,000
$60,000

$262,500
$115,500
$63,000
$52,500
$52,500
$63,000
$63,000

1
1
3
2
1
6
6
8

Training Center
Fitness Director
Member Relationship Manager
Director of Aquatics
Aquatics Assistants
Director of Coaching
Coaching Assistants
Receptionist
House Keeping

$70,000
$50,000
$50,000
$35,000
$70,000
$160,000
$60,000
$90,000

$73,500
$52,500
$52,500
$36,750
$73,500
$168,000
$63,000
$94,500

1
1
3
1
3

Bike Store
Store Manager
Director of Cycling Analysis
Sales Assistants
Service Manager
Service Assistants

$60,000
$65,000
$80,000
$55,000
$70,000

$63,000
$68,250
$84,000
$57,750
$73,500

1
3

Running Store
Store Manager
Store Assistants

$42,000
$70,000

$44,100
$73,500

1
2
1
6

Client Amenities
Caf Manager
Caf Assistants
Director of Child Care
Child Care Assistants

$50,000
$50,000
$80,000
$140,000

$52,500
$52,500
$84,000
$147,000

1
2

Studios
Director of Studios
Pilates Assistant

$40,000
$25,000

$42,000
$26,250

1
2
2
2
2
2
2
3
1

Spa
Director of Spa
Receptionist
Shampoo Technician
Massage Therapist
Cosmetologist
Nail Technician
Make Up Artist
Esthetician
Make Up Assistant

$75,000
$20,000
$50,000
$50,000
$50,000
$50,000
$50,000
$75,000
$20,000

$78,750
$21,000
$52,500
$52,500
$52,500
$52,500
$52,500
$78,750
$21,000

General & Administration Team

1
2
1
2
2
2
3
3
96

Chief Strategist
Admin Assistant
Chief Financial Officer
Accountant / Bookkeeper
Buyer / Receiving Manager
HR Manager
HR Executive
Strategic Consultant

$250,000
$40,000
$0
$50,000
$60,000
$50,000
$70,000
$300,000

TOTAL SALARY

$262,500
$42,000
$0
$52,500
$63,000
$52,500
$73,500
$315,000

$3,312,000 $3,477,600

TOTAL SALARIES FOR EMPLOYEES


Year 1
Year 2
$3,312,000 $3,477,600

Total Salary
Employee Benefits
SS, Medicare, Unemployment
insurance, Workers Comp.
Life, Health, Disability Insurance
Paid leave, (Vacation, holidays, sick
leave, personal)
Employer Contribution to Retirment
and Savings
Supplemental Pay
Total Employee Benefits

TOTAL EMPLOYEE SALARY AND


BENEFITS

7.80%

$258,336

$271,253

8.40%

$278,208

$292,118

7.10%

$235,152

$246,910

4.40%

$145,728

$153,014

2.50%

$82,800

$86,940

30.20% $1,000,224 $1,050,235

$4,312,224 $4,527,835

MPLOYEES
Year 3
5%

Year 4
5%

Year 5
5%

$275,625
$110,000
$132,300
$55,125
$55,125
$66,150
$66,150

$289,406
$115,500
$138,915
$115,763
$57,881
$69,458
$69,458

$303,877
$121,275
$145,861
$121,551
$60,775
$72,930
$72,930

$77,175
$55,125
$110,250
$77,175
$77,175
$220,500
$110,250
$138,915

$81,034
$57,881
$115,763
$81,034
$81,034
$231,525
$115,763
$145,861

$85,085
$60,775
$182,326
$85,085
$85,085
$291,722
$145,861
$175,033

$66,150
$71,663
$88,200
$60,638
$77,175

$69,458
$75,246
$138,915
$63,669
$121,551

$72,930
$79,008
$145,861
$66,853
$127,628

$46,305
$77,175

$48,620
$121,551

$51,051
$127,628

$55,125
$55,125
$88,200
$231,525

$57,881
$57,881
$92,610
$243,101

$60,775
$60,775
$97,241
$255,256

$44,100
$55,125

$46,305
$57,881

$48,620
$60,775

$82,688
$44,100
$55,125
$55,125
$55,125
$55,125
$55,125
$82,688
$22,050

$86,822
$46,305
$57,881
$57,881
$57,881
$57,881
$57,881
$86,822
$23,153

$91,163
$48,620
$60,775
$60,775
$60,775
$60,775
$60,775
$91,163
$24,310

$275,625
$88,200
$165,375
$55,125
$132,300
$110,250
$115,763
$330,750

$289,406
$92,610
$150,000
$115,763
$138,915
$115,763
$121,551
$520,931

$303,877
$97,241
$157,500
$121,551
$145,861
$121,551
$127,628
$546,978

$4,424,083

$5,038,388

$5,445,892

Year 3
$4,424,083

Year 4
$5,038,388

Year 5
$5,445,892

$345,078

$392,994

$424,780

$371,623

$423,225

$457,455

$314,110

$357,726

$386,658

$194,660

$221,689

$239,619

$110,602

$125,960

$136,147

$1,336,073

$1,521,593

$1,644,659

$5,760,155

$6,559,981

$7,090,551

MPLOYEES