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St.

Petersburg Russian
Restaurant

Business Plan
&
Cash Flow Projections

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St. Petersburg Russian Restaurant


CONTENTS
History
Objectives
Location
Market Research
Suppliers
Staf
Projections for the three accounting years to October 2006, 2007 and 2008,
including: Highlights
Brake Even
Profit and Loss Forecasts
Operating Cash Flow Forecasts
Cash Flow Forecasts
Balance Sheet Projection
Summary of Bank Loan
Conclusion

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St. Petersburg Russian Restaurant


HISTORY
St. Petersburg Russian restaurant was established in Liverpool in 1996, as the only
restaurant of its kind outside of London.
The restaurant is based in York Street, in Liverpool, and after undergoing
substantial refurbishment with the aid of British Heritage Grants, was able to
increase the size and hence the number of covers. Business has continually
increased, and is often at capacity at weekends. The restaurant provides fine
Russian food complimented with live music, traditional dancing and disco facilities
available after dining.
Since becoming established, its profile has been raised by features in the quality,
national and local press, in-journey magazines for companies such as Easyjet,
Virgin and Fly Be and on BBC and Granada Television.
It was recently highly commended on the category of Best Liverpool Restaurant
by Cheshire & Lancashire Life Magazines Food and Wine Awards 2004/05.
Also, it is part of the Liverpool Capital of Culture 2008 program.
OBJECTIVES
Our aim, as always, has been to provide a unique dining experience, by serving a
combination of authentically Russian food and traditional entertainment, in a
friendly and relaxed atmosphere.
Now that the Liverpool restaurant is firmly established, our aim is to use our
experience and enthusiasm to provide Manchester with a similar, authentically
Russian, dining experience.
We envisage that the restaurant will open in January or February 2006 with the
ability to accommodate 200 covers.

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St. Petersburg Russian Restaurant


LOCATION
The proposed restaurant site is 56 Faulkner Street, Manchester, M1 4FH.
The new restaurant will be in the vibrant heart of Manchester, on the edge of the
citys famous Chinatown.
The location is considered an excellent site, as it is expected that as well as
specific trade, it will also attract substantial passing trade due to the fact that it is
in an area which is known for restaurant and indeed the property is an existing
Chinese restaurant.
There will be a car park of approximately 80 sq.m. attached to the premises and it
is well served by local transport amenities.
MARKET RESEARCH
We envisage that the following points will be our keys to successfully establishing
the new restaurant: Our large client database already includes many addresses of satisfied
customers from the Greater Manchester area and beyond.
Many of these customers have asked us when we will open a Manchester
restaurant.
The restaurants location will provide it with customers booking as part of a
day/night out in Manchester as well as a tremendous amount of passing trade,
both during the day and at night.
As yet, there are no Russian restaurants in Manchester.
The Russian speaking and influenced population of Manchester has increased
significantly in the last two years, due to former Soviet Bloc countries joining
the European Union and more students enrolling at Manchester University.
Manchester is the twin city of St. Petersburg.
In the last year, three shops have opened specialising in Russian, Ukraine and
other Eastern European food.
The first Russian disco in Manchester has recently opened.

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St. Petersburg Russian Restaurant


SUPPLIERS
We intend to use the same local and national suppliers as for our Liverpool
restaurant, who provide us with the quality and consistency we need.
STAFF
Key members of staf, manager and chefs will be trained in the Liverpool
restaurant, to provide them with the experience necessary to fulfil our objectives.
One chef has already been recruited and is due to commence work in Liverpool at
the beginning of November 2005.
FUNDING
The estimated setup costs per the cash flow statement are summarised below: Setup Costs
Type of Expenditure

Amount

Goodwill

75,000

Legal Fees

5,000

Initial Advertising

1,500

Refurbishment

25,000

Fixtures and Fittings

25,000

Other Expenditure

18,500

TOTAL

150,000

Funding Sources
Source of Funding

Amount

Capital introduced by directors

75,000

Bank loan

75,000

TOTAL

150,000

St. Petersburg Russian Restaurant


PROJECTIONS
The attached cash flow, profit and loss and balance sheet projections are based
on the following assumptions and estimates:

The restaurant capacity is 200 covers.


Initial sales in the first month are estimated at 30,550.

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An estimated 5% month on month growth is envisaged in the first period of


trading to October 2006.
A growth of 10% per annum is expected in the year to October 2007 and 20%
per annum in the year to October 2008.
A gross profit margin of 80% is anticipated.

Sales Projection for the 2006-2008 is summarised below:


Period
Amount
Jan 06

30,550

Feb 06

32,078

Mar 06

33,681

Apr 06

35,365

May 06

37,134

Jun 06

38,990

Jul 06

40,940

Aug 06

42,987

Sep 06

45,136

Oct 06

47,393

Total 2005-2006

384,255

Total 2006-2007

461,106

Total 2007-2008

507,216

St. Petersburg Russian Restaurant


PROJECTIONS (Continued)

Wages have been provided for as follows, payable a month in arrears:-

Type of Staf

Amount

Directors Remuneration

24,000

Head chef

15,000

Sauce chef

12,996

Second chef

12,000

Cook 1 (p/t)

7,200

Cook 2 (p/t)

3,996

Kitchen assistant

3,996

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Restaurant manager

14,004

Waiter 1

21,996

Waiter 2

11,004

TOTAL
These have been increased by 3% each April.

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126,192

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St. Petersburg Russian Restaurant


PROJECTIONS (Continued)
Type of Expenditure

Amount
30,000

Rent

3,996

Rates (increasing by 8% p.a. each April)

7,200

Light & heat (increasing by 5% p.a. each April)

7,872

Insurance (increasing by 5% p.a. each January)

1,800

Repairs and maintenance (increasing by 3% p.a.)

3,600

Motor expenses (increasing by 5% p.a.)

2,400

Phone (increasing by 5% p.a.)

18,000

Advertising (increasing by 3% p.a.)

1,200

Printing and stationary (increasing by 3% p.a.)

3,000

Bank Charges

6,000

Accountancy fees (increasing by 3% p.a.)

20,400

Entertainment with no yearly increase.

4,200

Sundries and contingencies with no yearly increase.

10,500
Depreciation on refurbishment at 10% p.a. on a straight line
basis. Depreciation on fixtures and fittings at 20% p.a. on a
straight line basis.
5,498
Interest on the loan of 75,000 repayable over 15 years has
been calculated at 7.5% p.a.
125,666

TOTAL

The business operates on a cash basis; as such there are not debtors or creditors.

St. Petersburg Russian Restaurant


HIGHLIGHTS
Period
2005-06

Revenu
es
384,255

Net
Profit
61,869

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Net Profit
(%)
16.10

Operating
Profit
87,990

Closing Bank
Balance
111,852
Page

Nov-05
Dec-05
Jan-06
Feb-06
Mar-06
Apr-06
May-06
Jun-06
Jul-06
Aug-06
Sep-06
Oct-06
2006-07
2007-08

0
0
30,550
32,078
33,681
35,365
37,134
38,990
40,940
42,987
45,136
47,393
461,106
507,216

-10,014
-5,013
3,445
4,668
5,953
5,717
6,538
7,653
8,824
10,054
11,344
12,700
83,414
106,607

0.00
0.00
11.28
14.55
17.67
16.16
17.61
19.63
21.55
23.39
25.13
26.80
18.09
21.02

-9,548
-4,548
3,908
5,130
6,413
7,761
9,175
10,661
12,220
13,858
15,577
17,383
116,498
147,187

-14,846
-19,505
-12,737
6,063
15,774
27,069
30,667
45,369
61,904
68,772
89,251
111,852
206,984
330,068

St. Petersburg Russian Restaurant


BREAKE EVEN
Quantity(
%)
10%
20%
30%
40%
50%
60%

Revenu
es
38,425
76,851
115,276
153,702
192,127
230,553

Fixed
Expenses
219,414
219,414
219,414
219,414
219,414
219,414

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Variable
Expenses
7,685
15,370
23,055
30,740
38,425
46,111

Total
Cost
227,099
234,784
242,469
250,154
257,839
265,525

Operating
Profit
-188,673
-157,933
-127,193
-96,452
-65,712
-34,971
Page

70%
71%
80%
90%
100%

268,978
274,267
307,404
345,829
384,255

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219,414
219,414
219,414
219,414
219,414

53,796
54,853
61,481
69,166
76,851

273,210
274,267
280,895
288,580
296,265

-4,231
0
26,509
57,250
87,990

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10

St. Petersburg Russian Restaurant


PROFIT & LOSS (PART 1)
Jan-06

Feb-06

Mar-06

Apr-06

May-06

Jun-06

Revenues

Description

Nov-05

Dec-05

30,550

32,078

33,681

35,365

37,134

38,990

Bar Drinks

2,800

2,940

3,087

3,241

3,403

3,574

Evening meals

24,000

25,200

26,460

27,783

29,172

30,631

Lunch & Early Evening Meals

3,750

3,938

4,134

4,341

4,558

4,786

Material Cost

6,110

6,416

6,736

7,073

7,427

7,798

24,440

25,662

26,945

28,292

29,707

31,192

1,700

1,700

1,700

1,700

1,700

1,700

350

350

350

350

350

350

Business insurance

250

250

250

250

250

250

Building insurance

333

333

333

333

333

333

Bank charges

250

250

250

250

250

250

Printing & Stationary

100

100

100

100

100

100

Motor running expenses

300

300

300

300

300

300

73

73

73

73

73

73

200

200

200

200

200

200

Gross Profit
Entertainment
Sundries
Legal & professional

Motor insurance

5,000

73

73

Phone
Advertisement

1,500

1,500

1,500

1,500

1,500

1,500

Accountants charges

500

500

500

500

500

500

Repairs & Maintenance

150

150

150

150

150

150

250

250

250

250

250

250

350

350

350

350

350

350

Electricity

1,500

100

1,500

100

Gas
Rates

333

333

333

333

333

333

2,500

2,500

2,500

2,500

2,500

2,500

9,140

9,140

9,140

9,140

9,140

9,140

Head Chef

1,250

1,250

1,250

1,250

1,250

1,250

Sauce Chef

1,083

1,083

1,083

1,083

1,083

1,083

Second Chef

1,000

1,000

1,000

1,000

1,000

1,000

Cook 1 (part time)

600

600

600

600

600

600

Cook 2 (part time)

333

333

333

333

333

333

Kitchen Assistant

333

333

333

333

333

333

Restaurant Manager

1,167

1,167

1,167

1,167

1,167

1,167

Waiter 1 (Full time)

1,833

1,833

1,833

1,833

1,833

1,833

Waiter 2 (Part time)

917

917

917

917

917

917

Rent
Fixed Expenses

6,673

1,673

Director

2,000

2,000

2,000

2,000

2,000

2,000

2,000

2,000

Personnel Cost

2,000

2,000

10,517

10,517

10,517

10,517

10,517

10,517

875

875

875

875

875

875

875

875

9,548

4,548

20,532

20,532

20,532

20,532

20,532

20,532

Depreciation
Total Operation Expenses
Operating Profit

-9,548

-4,548

6,431

7,779

9,194

10,681

12,241

13,880

Interest Expenses

466

465

463

462

460

459

458

456

Income before Tax

-10,014

-5,013

3,445

4,668

5,953

7,302

8,718

10,205

1,585

2,179

2,551

5,717

6,538

7,653

Income Tax
Net Profit

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-10,014

-5,013

3,445

4,668

5,953

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11

St. Petersburg Russian Restaurant


PROFIT & LOSS (PART 2)
Description

Jul-06

Aug-06

Sep-06

Oct-06

2005/06

2006/07

2007/08

Revenues

40,940

42,987

45,136

47,393

384,255

461,106

Bar Drinks

3,752

3,940

4,137

4,344

35,218

42,262

46,488

32,162

33,770

35,459

37,232

301,869

362,243

398,468

Lunch & Early Evening Meals

5,025

5,277

5,540

5,817

47,167

56,601

62,261

Material Cost

8,188

8,597

9,027

9,479

76,851

92,221

101,443

32,752

34,390

36,109

37,914

307,404

368,884

405,773

1,700

1,700

1,700

1,700

17,000

20,400

20,400

350

350

350

350

3,500

4,200

4,200

Evening meals

Gross Profit
Entertainment
Sundries
Legal & professional

507,216

5,000

Business insurance

250

250

250

250

2,500

3,150

3,308

Building insurance

333

333

333

333

3,333

4,200

4,410

Bank charges

250

250

250

250

2,500

3,000

3,000

Printing & Stationary

100

100

100

100

1,000

1,236

1,298

Motor running expenses

300

300

300

300

3,000

3,780

3,969

73

73

73

73

880

924

970

Motor insurance
Phone

200

200

200

200

2,000

2,520

2,596

1,500

1,500

1,500

1,500

18,000

18,540

19,096

Accountants charges

500

500

500

500

5,000

6,180

6,365

Repairs & Maintenance

150

150

150

150

1,500

1,890

1,985

Electricity

250

250

250

250

2,700

3,150

3,308

Gas

350

350

350

350

3,500

4,410

4,631

Rates

333

333

333

333

3,333

4,320

4,666

Rent

2,500

2,500

2,500

2,500

25,000

30,000

30,000

Fixed Expenses

9,140

9,140

9,140

9,140

99,747

111,900

114,200

Head Chef

1,250

1,250

1,250

1,250

12,500

15,450

15,914

Sauce Chef

1,083

1,083

1,083

1,083

10,833

13,390

13,792

Second Chef

1,000

1,000

1,000

1,000

10,000

12,360

12,731

Cook 1 (part time)

600

600

600

600

6,000

7,416

7,638

Cook 2 (part time)

333

333

333

333

3,333

4,120

4,244

Advertisement

Kitchen Assistant

333

333

333

333

3,333

4,120

4,244

Restaurant Manager

1,167

1,167

1,167

1,167

11,667

14,420

14,853

Waiter 1 (Full time)

1,833

1,833

1,833

1,833

18,333

22,660

23,340

Waiter 2 (Part time)

917

917

917

917

9,167

11,330

11,670

2,000

2,000

2,000

2,000

24,000

24,720

25,462

10,517

10,517

10,517

10,517

109,167

129,986

133,886

875

875

875

875

10,500

10,500

10,500

Total Operation Expenses

20,532

20,532

20,532

20,532

219,414

252,386

258,586

Operating Profit

15,601

17,407

19,304

21,296

119,718

154,571

189,068

Interest Expenses

455

453

452

450

5,498

5,280

5,045

Income before Tax

Director
Personnel Cost
Depreciation

11,766

13,405

15,126

16,933

82,492

111,218

142,143

Income Tax

2,941

3,351

3,781

4,233

20,623

27,805

35,536

Net Profit

8,824

10,054

11,344

12,700

61,869

83,414

106,607

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12

St. Petersburg Russian Restaurant


OPERATING CASH FLOW (PART 1)
Description

Nov-05

Opening Bank Balance

Dec05
5,716

Receivable Payments
Loans Received

Jan06
1,057

Feb06
7,825

Mar06
23,563

Apr06
33,274

May06
44,569

Jun06
48,167

35,89
6

37,691

39,576

41,554

43,632

45,814

75,000

Other Receivables

7,533

Owners Equity

75,000

Total cash in

150,00
0
2,000

2,000

7,841

Salaries Payments

35,89
6
10,51
7
7,179

45,224

39,576

41,554

43,632

45,814

10,517

10,517

10,517

10,517

10,517

7,538

7,915

8,311

8,726

9,163

1,966

10,74
0

10,740

10,740

10,740

10,740

10,740

465

463

462

460

459

458

456

228

229

231

232

234

235

237

Material Payments
Purchases Payments
Investments in
Goodwill
Interest Expenses

75,000

Equipment Payments

58,750

Loan Payments

466
227

Tax Payments
VAT Returns (Rebates)
Total cash out
Closing Bank Balance

9,359
144,28
4
5,716

4,659
1,057

VAT on Sales
VAT on Purchases

9,918

VAT Returns (Rebates)

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293

29,12
8
7,825

29,487

29,864

30,260

40,034

31,112

23,563

33,274

44,569

48,167

62,869

5,346

5,614

5,894

6,189

6,498

6,823

2,669

2,722

2,778

2,837

2,899

2,964

-7,533

9,359

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13

St. Petersburg Russian Restaurant


OPERATING CASH FLOW (PART 2)
Description
Opening Bank Balance
Receivable Payments

Jul-06
62,86
9
48,10
4

Aug06
79,404

Sep-06

Oct-06

86,272

50,510

53,035

106,75
1
55,687

Loans Received

Material Payments
Purchases Payments
Investments in
Goodwill
Interest Expenses

451,499

541,799

595,979

75,000
48,10
4
10,51
7
9,621

50,510

53,035

55,687

609,032

541,799

595,979

10,517

10,517

10,517

109,167

129,986

133,886

10,102

10,607

11,137

90,300

108,360

119,196

10,74
0

10,740

10,740

10,740

117,203

131,483

134,185

5,280

5,045

3,032

3,267

21,373

28,555

75,000
455

453

452

450

Equipment Payments
Loan Payments

2007/0
8
223,734

7,533

Owners Equity

Salaries Payments

2006/0
7
129,352

75,000

Other Receivables
Total cash in

2005/0
6

5,498
58,750

238

240

241

243

2,814

Tax Payments
VAT Returns (Rebates)
Total cash out

11,590

20,949

47,903

49,512

43,641

32,556

33,086

479,680

447,416

473,645

86,272

129,35
2
8,294

223,734

346,068

7,523

106,75
1
7,899

129,352

VAT on Sales

31,57
0
79,40
4
7,164

67,245

80,693

88,763

VAT on Purchases

3,032

3,104

3,179

3,258

39,655

35,721

37,738

13,416

47,903

49,512

Closing Bank Balance

VAT Returns (Rebates)

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11,590

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14

St. Petersburg Russian Restaurant


CASH FLOW (PART 1)
Description

Dec-05

Jan-06

Feb-06

Mar-06

Apr-06

-9,764

-4,763

3,695

4,918

6,131

5,664

6,726

7,841

625

625

625

625

625

625

625

625

Cash Earnings

-9,139

-4,138

4,320

5,543

6,756

6,289

7,351

8,466

Change in Accounts Receivable

-9,918

-293

2,677

7,533
2,891

3,188

5,240

-3,518

6,473

Cash flow provided/used by


operating activities
Net Income
Depreciation

Nov-05

Change in Accounts Payable


Cash flow provided/used by
operating activities
Cash Flows from Investing
Activities
Purchase of property, plant, and
equipment
Investments in Goodwill
Cash flow provided/used by
investing activities
Cash Flow from Financing
Activities
Owners' Equity
Change of long term debt
Cash flow provided/used by
financing activities
Change in cash and cash
equivalents
Net Cash in the beginning of the
year
Net Cash at the end of the year

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-19,057

May06

Jun-06

-4,431

6,997

15,968

9,944

11,528

3,833

14,939

-50,000
-75,000
-125,000

75,000
74,773

-228

-229

-231

-232

-234

-235

-237

149,773

-228

-229

-231

-232

-234

-235

-237

5,716

-4,659

6,768

15,737

9,712

11,295

3,598

14,702

5,716

1,057

7,825

23,563

33,274

44,569

48,167

1,057

7,825

23,563

33,274

44,569

48,167

62,869

5,716

Page

15

St. Petersburg Russian Restaurant


CASH FLOW (PART 2)
Description
Cash flow provided/used by operating
activities
Net Income
Depreciation
Cash Earnings

Jul-06

9,012

Aug-06

10,241

Sep-06

11,532

Oct-06

12,887

2005/06

2006/07

64,119

85,664

2007/08

108,857

625

625

625

625

7,500

7,500

7,500

9,637

10,866

12,157

13,512

71,619

93,164

116,357

7,136

-3,758

8,564

9,331

35,547

4,251

9,244

16,773

7,108

20,720

22,843

107,165

97,415

125,601

Change in Accounts Receivable


Change in Accounts Payable
Cash flow provided/used by operating
activities
Cash Flows from Investing Activities
Purchase of property, plant, and
equipment
Investments in Goodwill

-50,000
-75,000

Cash flow provided/used by investing


activities
Cash Flow from Financing Activities

-125,000

Owners' Equity

75,000

Change of long term debt

-238

-240

-241

-243

72,186

-3,032

-3,267

Cash flow provided/used by financing


activities
Change in cash and cash equivalents

-238

-240

-241

-243

147,186

-3,032

-3,267

16,535

6,868

20,479

22,601

129,352

Net Cash in the beginning of the year

62,869

79,404

86,272

106,751

Net Cash at the end of the year

79,404

86,272

106,751

129,352

Prepared By Rosetta IT Solutions Ltd.


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129,352

94,383

122,334

129,352

223,734

223,734

346,068

Page

16

St. Petersburg Russian Restaurant


BALANCE SHEET (PART 1)
Description
Cash

Nov-05

Dec-05

Jan-06

Feb-06

Mar-06

Apr-06

May-06

Jun-06

5,716

1,057

7,825

23,563

33,274

44,569

48,167

62,869

Accounts Receivable
Inventory
Other Accounts
Receivable
Total Current Assets

9,918

10,211

7,533

15,634

11,268

15,359

23,563

33,274

44,569

48,167

62,869

Fixed Assets

50,000

50,000

50,000

50,000

50,000

50,000

50,000

50,000

-625

-1,250

-1,875

-2,500

-3,125

-3,750

-4,375

-5,000

Goodwill

75,000

75,000

75,000

75,000

75,000

75,000

75,000

75,000

Total Fixed Assets

124,37
5
140,00
9

123,75
0
135,01
8

123,12
5
138,48
4

122,50
0
146,06
3

121,87
5
155,14
9

121,25
0
165,81
9

120,62
5
168,79
2

120,000

72

1,960

4,202

6,816

VAT Payable

2,891

6,007

9,359

3,599

7,458

Salary & Benefits


Payable
Total Current Liabilities

2,891

6,079

11,319

7,801

14,274

Acc. Depreciation

Total Assets

182,869

Accounts Payable
Other Payables
Bank and S.T.
Liabilities
Tax Due

L.T. Liabilities

74,773

74,546

74,316

74,085

73,853

73,620

73,384

73,148

Total L.T. Liabilities

74,773

74,546

74,316

74,085

73,853

73,620

73,384

73,148

Total Liabilities

74,773

74,546

74,316

76,977

79,933

84,939

81,186

87,422

Owners Equity

75,000

75,000

75,000

75,000

75,000

75,000

75,000

75,000

Retained Earnings

-9,764

-14,528

-10,833

-5,914

217

5,880

12,606

20,447

Total Equity

65,236

60,472

64,167

69,086

75,217

80,880

87,606

95,447

Total Equity and


Liabilities

140,00
9

135,01
8

138,48
4

146,06
3

155,14
9

165,81
9

168,79
2

182,869

Other Provisions
Pension Provision

Profit Provision

Prepared By Rosetta IT Solutions Ltd.


www.rosetta-it.com

Page

17

St. Petersburg Russian Restaurant


BALANCE SHEET (PART 2)
Description

Aug-06

Sep-06

Oct-06

2005/06

2006/07

79,404

86,272

106,75
1

129,35
2

129,352

223,734

346,068

Other Accounts
Receivable
Total Current Assets

79,404

86,272

223,734

346,068

50,000

50,000

129,35
2
50,000

129,352

Fixed Assets

106,75
1
50,000

50,000

50,000

50,000

Acc. Depreciation

-5,625

-6,250

-6,875

-7,500

-7,500

-15,000

-22,500

Goodwill

75,000

75,000

75,000

75,000

75,000

75,000

75,000

Total Fixed Assets

119,37
5
198,77
9

118,75
0
205,02
2

118,12
5
224,87
6

117,50
0
246,85
2

117,500

110,000

102,500

246,852

333,734

448,568

Cash

Jul-06

2007/08

Accounts Receivable
Inventory

Total Assets
Accounts Payable
Other Payables
Bank and S.T.
Liabilities
Tax Due

9,820

13,233

17,077

21,373

21,373

28,555

36,286

VAT Payable

11,590

4,419

9,138

14,174

14,174

11,243

12,756

Salary & Benefits


Payable
Total Current Liabilities

21,410

17,652

26,215

35,547

35,547

39,798

49,042

L.T. Liabilities

72,910

72,670

72,429

72,186

72,186

69,155

65,887

Total L.T. Liabilities

72,910

72,670

72,429

72,186

72,186

69,155

65,887

Total Liabilities

94,320

90,322

98,645

107,733

108,952

114,929

Owners Equity

75,000

75,000

75,000

107,73
3
75,000

75,000

75,000

75,000

Retained Earnings

29,459

39,700

51,232

64,119

64,119

149,782

258,639

Total Equity

104,45
9
198,77
9

114,70
0
205,02
2

126,23
2
224,87
6

139,11
9
246,85
2

139,119

224,782

333,639

246,852

333,734

448,568

Other Provisions
Pension Provision

Profit Provision

Total Equity and


Liabilities

Prepared By Rosetta IT Solutions Ltd.


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Page

18

St. Petersburg Russian Restaurant


SUMMARYT OF BANK LOAN
Bank loan
Interest Accrued
Loan Balance
Capital Borrowed
Capital Paid
Interest Charged
Interest Paid

2005/0
6
0
72,429
75,000
2,571
5,077
5,077

2006/0
7
0
69,416
0
3,013
5,330
5,330

2007/0
8
0
66,169
0
3,247
5,096
5,096

Total
0
66,169
75,000
8,831
15,503
15,503

CONCLUSION
From a detailed review of the enclosed projections, it is to be concluded that the
expected profits are comfortably sufficient to justify the pursuing of the objectives
detailed at the beginning of this business plan.

Prepared By Rosetta IT Solutions Ltd.


www.rosetta-it.com

Page

19