Business Plan Africa Investor-Ready Plans

Mr Bakery Master Business Plan — Appendix B: Capital Schedules

Detailed capital expenditure schedules by year covering ovens, mixers, refrigeration, vehicles and the retail fit-out.

Appendix B: Capital Schedules

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B.1 Year 1 capital
B.2 Year 2 capital
B.3 Year 3 capital
B.4 Year 4 capital
B.5 Year 5 capital
B.6 Capital summary
B.7 Asset roll-forward

B.1 Year 1 capital

Item	R’000	Treatment	Share of year
Bakery premises fit-out, floors, drainage and extraction	465	Capitalised	17.8%
Rack oven, deck oven and proofer	620	Capitalised	23.7%
Spiral mixer, dough divider and moulder	285	Capitalised	10.9%
Refrigeration, cold room and dough retarder	210	Capitalised	8.0%
Tables, racks, trays, tins and small equipment	165	Capitalised	6.3%
Delivery vehicle, panel van	285	Capitalised	10.9%
Solar and inverter backup	195	Capitalised	7.4%
Health, fire and municipal compliance works	92	Capitalised	3.5%
Licences, professional fees and deposits	78	Capitalised	3.0%
Opening ingredients and pre-opening payroll	96	Expensed at opening	3.7%
Working capital reserve	128	Working capital	4.9%
Total Year 1	2 619		100.0%
Less landlord installation allowance	(180)	Reduction in cost
Net cash requirement, Year 1	2 439

B.2 Year 2 capital

Item	R’000	Treatment	Share of year
Second delivery vehicle	305	Capitalised	53.7%
Additional racks, trays and tins	118	Capitalised	20.8%
Cold room extension	145	Capitalised	25.5%
Total Year 2	568		100.0%

B.3 Year 3 capital

Item	R’000	Treatment	Share of year
Second oven line and proofer	560	Capitalised	49.1%
Third delivery vehicle	315	Capitalised	27.6%
Mixer and depositor	180	Capitalised	15.8%
Premises extension and services	85	Capitalised	7.5%
Total Year 3	1 140		100.0%

B.4 Year 4 capital

Item	R’000	Treatment	Share of year
Retail outlet fit-out, counters and display	520	Capitalised	46.2%
Retail equipment and point of sale	165	Capitalised	14.7%
Production capacity, racks and trays	145	Capitalised	12.9%
Vehicle	295	Capitalised	26.2%
Total Year 4	1 125		100.0%

B.5 Year 5 capital

Item	R’000	Treatment	Share of year
Capacity expansion: oven and proofer	590	Capitalised	44.4%
Fourth delivery vehicle	325	Capitalised	24.4%
Solar expansion	235	Capitalised	17.7%
Racks, trays and small equipment	180	Capitalised	13.5%
Total Year 5	1 330		100.0%

B.6 Capital summary

Year	Capitalised	Expensed	Working capital	Total	Cumulative cash
Year 1	2 395	96	128	2 619	2 215
Year 2	568	—	—	568	2 783
Year 3	1 140	—	—	1 140	3 923
Year 4	1 125	—	—	1 125	5 048
Year 5	1 330	—	—	1 330	6 378
Total	6 558	96	128	6 782

B.7 Asset roll-forward

R’000	Year 1	Year 2	Year 3	Year 4	Year 5
Opening balance	—	1 930	2 151	2 820	3 339
Additions, capitalised	2 395	568	1 140	1 125	1 330
Less landlord installation allowance	(180)	—	—	—	—
Net additions	2 215	568	1 140	1 125	1 330
Depreciation	(285)	(347)	(471)	(606)	(751)
Closing balance	1 930	2 151	2 820	3 339	3 918

Previous sectionA. Appendix A: Consolidated Financial Summary

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