EssenceLabs Hair Studio Business Plan — Appendix A: Consolidated Financial Summary
Consolidated five-year financial summary: utilisation, client visits, average ticket, revenue, EBITDA, profit after tax and debt service cover.
Appendix A: Consolidated Financial Summary
Jump to section
- Overview & contents
- i. Important Notice
- 1. Executive Summary
- 2. The Business
- 3. Market Analysis
- 4. Service Offering, Pricing and Yield
- 5. Operations
- 6. Marketing and Client Acquisition
- 7. People and Management
- 8. SWOT and Competitive Position
- 9. Financial Plan
- 10. Break-Even and Sensitivity
- 11. Risk Management
- 12. The Funding Proposition
- 13. Implementation Plan
- 14. Key Performance Indicators
- 15. Conclusion
- A. Appendix A: Consolidated Financial Summary
- B. Appendix B: Debt Schedules
- C. Appendix C: Risk Register
- D. Appendix D: Assumption Register
- E. Appendix E: Glossary
|
R’000 unless stated |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
|---|---|---|---|---|---|
|
Chair utilisation |
51% |
57% |
61% |
65% |
66% |
|
Client visits |
5 135 |
7 174 |
9 212 |
9 817 |
11 629 |
|
Average ticket, R |
529 |
578 |
632 |
682 |
729 |
|
Service revenue |
2 390 |
3 578 |
4 921 |
5 587 |
7 034 |
|
Retail revenue |
325 |
571 |
899 |
1 107 |
1 449 |
|
Total revenue |
2 714 |
4 149 |
5 820 |
6 694 |
8 483 |
|
Product and retail cost of sales |
(562) |
(888) |
(1 284) |
(1 510) |
(1 940) |
|
Gross profit |
2 152 |
3 261 |
4 536 |
5 184 |
6 543 |
|
Gross margin |
79.3% |
78.6% |
77.9% |
77.4% |
77.1% |
|
Payroll |
(1 178) |
(1 580) |
(2 477) |
(2 857) |
(3 601) |
|
Rent and occupancy |
(589) |
(630) |
(674) |
(721) |
(772) |
|
Other operating costs |
(734) |
(855) |
(979) |
(1 052) |
(1 190) |
|
EBITDA |
(348) |
196 |
406 |
554 |
980 |
|
EBITDA margin |
-12.8% |
4.7% |
7.0% |
8.3% |
11.6% |
|
Depreciation |
(252) |
(252) |
(252) |
(252) |
(252) |
|
Interest |
(191) |
(209) |
(208) |
(186) |
(122) |
|
Taxation |
— |
— |
— |
— |
— |
|
Profit / (loss) after tax |
(791) |
(265) |
(54) |
116 |
606 |
|
Operating cash flow |
(370) |
187 |
396 |
549 |
969 |
|
Maintenance capital expenditure |
— |
(60) |
(60) |
(140) |
(140) |
|
Debt service |
255 |
402 |
428 |
437 |
408 |
|
Debt service cover ratio |
n/a |
0.49x |
0.95x |
1.27x |
2.40x |
|
Facility drawn at year end |
105 |
380 |
472 |
500 |
79 |
|
Total debt outstanding |
1 363 |
1 445 |
1 317 |
1 094 |
499 |
|
Total assets |
1 755 |
1 597 |
1 446 |
1 365 |
1 307 |
|
Shareholders’ funds |
609 |
344 |
290 |
406 |
1 012 |
|
Break-even utilisation |
66.0% |
50.9% |
51.5% |
53.0% |
49.1% |