Mth 1 Mth 2 Mth 3

Purchase/units/mth 1 1 1
Cumulative purchases 3 4 5
Purchase price € 60,000.00 € 60,000.00 € 60,000.00 € 60,000.00
Cumulative purchases € 60,000.00 € 120,000.00 € 180,000.00

Sales 1 1 1
Cumulative Sales 1 2 3
Sales Revenue € 81,000.00 € 81,000.00 € 81,000.00 € 81,000.00
Cumulative Revenues € 81,000.00 € 162,000.00 € 243,000.00

Direct HARD Costs of Refurbishment € 8,268.42 € 8,268.42 € 8,268.42

Direct SOFT Costs of Refurbishment € 2,767.50 € 2,767.50 € 2,767.50

Indirect Monthly Costs € 5,841.58 € 5,841.58 € 5,841.58

Profit € 4,122.50 € 4,122.50 € 4,122.50

VAT € - € - € -
Profit Tax 660 660 660
Cumulative Profit with all taxes € 3,462.90 € 6,925.80 € 10,388.70

Sergiu Profir: Sergiu Profir:

This is the amount that
you can take it out of the
company after paying all
the taxes.
You don’t pay VAT for the
first 63,000EUR profit
because you're goanna run
like a not VAT pay
Company
Sergiu Profir:
If the selling period for an apartm
232,000EUR(apartment acquisiti
EUR (Start up cost) to start the b
 Mth 4 Mth 5 Mth 6 Mth 7 Mth 8
1 1 1 1 1
6 7 8 9 10
€ 60,000.00 € 60,000.00 € 60,000.00 € 60,000.00 € 60,000.00
€ 240,000.00 € 300,000.00 € 360,000.00 € 420,000.00 € 480,000.00

1 1 1 1 1
4 5 6 7 8
€ 81,000.00 € 81,000.00 € 81,000.00 € 81,000.00 € 81,000.00
€ 324,000.00 € 405,000.00 € 486,000.00 € 567,000.00 € 648,000.00

€ 8,268.42 € 8,268.42 € 8,268.42 € 8,268.42 € 8,268.42

€ 2,767.50 € 2,767.50 € 2,767.50 € 2,767.50 € 2,767.50

€ 5,841.58 € 5,841.58 € 5,841.58 € 5,841.58 € 5,841.58

€ 4,122.50 € 4,122.50 € 4,122.50 € 4,122.50 € 4,122.50

€ - € - € - € - € -
660 660 660 660 660
€ 13,851.60 € 17,314.50 € 20,777.40 € 24,240.30 € 27,703.20

giu Profir:
e selling period for an apartment is 3 full months you will need a
000EUR(apartment acquisition and renovation cost) + 19,750
(Start up cost) to start the business.
 Chart Title
€ 12.00

€ 10.00

€ 8.00

€ 6.00

€ 4.00

€ 2.00

€-
Col umn E Col umn F Col umn G
 Mth 9 Mth 10 Mth 11 Mth 12 Mth 13
1 1 1 1 1
11 12 13 14 15
€ 60,000.00 € 60,000.00 € 60,000.00 € 60,000.00 € 60,000.00
€ 540,000.00 € 600,000.00 € 660,000.00 € 720,000.00 € 780,000.00

1 1 1 1 1
9 10 11 12 13
€ 81,000.00 € 81,000.00 € 81,000.00 € 81,000.00 € 81,000.00
€ 729,000.00 € 810,000.00 € 891,000.00 € 972,000.00 € 1,053,000.00

€ 8,268.42 € 8,268.42 € 8,268.42 € 8,268.42 € 8,268.42

€ 2,767.50 € 2,767.50 € 2,767.50 € 2,767.50 € 2,767.50

€ 5,841.58 € 5,841.58 € 5,841.58 € 5,841.58 € 5,841.58

€ 4,122.50 € 4,122.50 € 4,122.50 € 4,122.50 € 4,122.50

€ - € - € - € - € -
660 660 660 660 660
€ 31,166.10 € 34,629.00 € 38,091.90 € 41,554.80 € 45,017.70
 Profit Yearly

€ 10.00
€ 9.00
€ 8.00
€ 7.00
€ 6.00
€ 5.00
€ 4.00
€ 3.00
€ 2.00
€ 1.00
€-
 Mth 14 Mth 15 Mth 16 Mth 17 Mth 18 Mth 19
1 1 1 1 1 1
16 17 18 19 20 21
€ 60,000.00 € 60,000.00 € 60,000.00 € 60,000.00 € 60,000.00 € 60,000.00
€ 840,000.00 € 900,000.00 € 960,000.00 € 1,020,000.00 € 1,080,000.00 € 1,140,000.00

1 1 1 1 1 1
14 15 16 17 18 19
€ 81,000.00 € 81,000.00 € 81,000.00 € 81,000.00 € 81,000.00 € 81,000.00
€ 1,134,000.00 € 1,215,000.00 € 1,296,000.00 € 1,377,000.00 € 1,458,000.00 € 1,539,000.00

€ 8,268.42 € 8,268.42 € 8,268.42 € 8,268.42 € 8,268.42 € 8,268.42

€ 2,767.50 € 2,767.50 € 2,767.50 € 2,767.50 € 2,767.50 € 2,767.50

€ 5,841.58 € 5,841.58 € 5,841.58 € 5,841.58 € 5,841.58 € 5,841.58

€ 4,122.50 € 4,122.50 € 4,122.50 € 4,122.50 € 4,122.50 € 4,122.50

€ - € - € - € 783.28 € 783.28 € 783.28
660 660 660 534 534 534
€ 48,480.60 € 51,943.50 € 55,406.40 € 58,211.35 € 61,016.30 € 63,821.25
 Mth 20 Mth 21 Mth 22 Mth 23 Mth 24 Mth 25
1 1 1 1 1 1
22 23 24 25 26 27
€ 60,000.00 € 60,000.00 € 60,000.00 € 60,000.00 € 60,000.00 € 60,000.00
€ 1,200,000.00 € 1,260,000.00 € 1,320,000.00 € 1,380,000.00 € 1,440,000.00 € 1,500,000.00

1 1 1 1 1 1
20 21 22 23 24 25
€ 81,000.00 € 81,000.00 € 81,000.00 € 81,000.00 € 81,000.00 € 81,000.00
€ 1,620,000.00 € 1,701,000.00 € 1,782,000.00 € 1,863,000.00 € 1,944,000.00 € 2,025,000.00

€ 8,268.42 € 8,268.42 € 8,268.42 € 8,268.42 € 8,268.42 € 8,268.42

€ 2,767.50 € 2,767.50 € 2,767.50 € 2,767.50 € 2,767.50 € 2,767.50

€ 5,841.58 € 5,841.58 € 5,841.58 € 5,841.58 € 5,841.58 € 5,841.58

€ 4,122.50 € 4,122.50 € 4,122.50 € 4,122.50 € 4,122.50 € 4,122.50

€ 783.28 € 783.28 € 783.28 € 783.28 € 783.28 € 783.28
534 534 534 534 534 534
€ 66,626.20 € 69,431.15 € 72,236.09 € 75,041.04 € 77,845.99 € 80,650.94
 Mth 26 Mth 27 Mth 28 Mth 29 Mth 30
1 1 1 1 1
28 29 30 31 32
€ 60,000.00 € 60,000.00 € 60,000.00 € 60,000.00 € 60,000.00
€ 1,560,000.00 € 1,620,000.00 € 1,680,000.00 € 1,740,000.00 € 1,800,000.00

1 1 1 1 1
26 27 28 29 30
€ 81,000.00 € 81,000.00 € 81,000.00 € 81,000.00 € 81,000.00
€ 2,106,000.00 € 2,187,000.00 € 2,268,000.00 € 2,349,000.00 € 2,430,000.00

€ 8,268.42 € 8,268.42 € 8,268.42 € 8,268.42 € 8,268.42

€ 2,767.50 € 2,767.50 € 2,767.50 € 2,767.50 € 2,767.50

€ 5,841.58 € 5,841.58 € 5,841.58 € 5,841.58 € 5,841.58

€ 4,122.50 € 4,122.50 € 4,122.50 € 4,122.50 € 4,122.50

€ 783.28 € 783.28 € 783.28 € 783.28 € 783.28
534 534 534 534 534
€ 83,455.89 € 86,260.84 € 89,065.79 € 91,870.74 € 94,675.69
 Mth 31 Mth 32 Mth 33 Mth 34 Mth 35
1 1 1 1 1
33 34 35 36 37
€ 60,000.00 € 60,000.00 € 60,000.00 € 60,000.00 € 60,000.00
€ 1,860,000.00 € 1,920,000.00 € 1,980,000.00 € 2,040,000.00 € 2,100,000.00

1 1 1 1 1
31 32 33 34 35
€ 81,000.00 € 81,000.00 € 81,000.00 € 81,000.00 € 81,000.00
€ 2,511,000.00 € 2,592,000.00 € 2,673,000.00 € 2,754,000.00 € 2,835,000.00

€ 8,268.42 € 8,268.42 € 8,268.42 € 8,268.42 € 8,268.42

€ 2,767.50 € 2,767.50 € 2,767.50 € 2,767.50 € 2,767.50

€ 5,841.58 € 5,841.58 € 5,841.58 € 5,841.58 € 5,841.58

€ 4,122.50 € 4,122.50 € 4,122.50 € 4,122.50 € 4,122.50

€ 783.28 € 783.28 € 783.28 € 783.28 € 783.28
534 534 534 534 534
€ 97,480.64 € 100,285.58 € 103,090.53 € 105,895.48 € 108,700.43

Sergiu Profir:
This is the profit if the apartments are bo
banks, if you buy from Brokers the profit
to only 62,000EUR because of the broker
commission of 0,03%.
 Mth 36
1
38
€ 60,000.00
€ 2,160,000.00

1
36
€ 81,000.00
€ 2,916,000.00

€ 8,268.42
€ 2,767.50

€ 5,841.58

€ 4,122.50
€ 783.28
534
€ 111,505.38

ir:
rofit if the apartments are bought from
buy from Brokers the profit will drop
00EUR because of the broker
of 0,03%.
Direct Costs Oof renovation Nr Net Salary Taxes Total
Renovation contractor 1 € 2,000.00
RealEstate Selling 1 € 50.00

Sub- Total 2 € 2,767.50

Indirect Personnel Costs
Financial Manager 1 € 1,500.00 € 705.00 € 2,205.00
Acquisition & Sales Mgr 1 € 1,500.00 € 705.00 € 2,205.00

Sub- Total 2 € 4,410.00

Total € 7,177.50

4.75 lei
Finishings sqm Price/sqm RON EUR
Parqet 45 45 2,025.00 lei € 426.32
Floor Tiles 20 40 800.00 lei € 168.42
Wall Tiles 50 30 1,500.00 lei € 315.79
Paint - 130 15 1,950.00 lei € 410.53
Electrical nm 2,500.00 lei € 526.32
Plumbing nm 1,500.00 lei € 315.79
Total 10,275.00 lei € 2,163.16

4.75 lei
Fittings RON EUR
Bathroom
Bathtub 1,200.00 lei € 252.63
Toilet/sink/mirror 2,000.00 lei € 421.05
Washing Machine 1,000.00 lei € 210.53
Heater/Boiler 6,000.00 lei € 1,263.16
Kitchen € -
Microwave 200.00 lei € 42.11
Furniture with sink 2,500.00 lei € 526.32
Oven 1,000.00 lei € 210.53
Fridge 1,800.00 lei € 378.95
Dishwashing Machine 1,200.00 lei € 252.63
Lighting 1,100.00 lei € 231.58
Doors and frames (front, bathroom, bedroom 3,000.00 lei € 631.58
Thermopane windows 6,000.00 lei € 1,263.16
Airconditioning 2,000.00 lei € 421.05
Total 21,000.00 lei € 6,105.26
 4.75 lei
Services RON EUR
Aquisiton Commision 0 € -
Accounting 2,500.00 lei € 526.32
Rent 1,800.00 lei € 378.95
Gas- Electricity 2,000.00 lei € 421.05
Cleaning 500.00 lei € 105.26
Total 6,800.00 lei € 1,431.58

Startup cost
Company Registration Fee 250.00 €
Legal 1,500.00 €
car/ transportation 10,000.00 €
office utilities 8,000.00 €
Total 19,750.00 €