Torque Precision Auto Business Plan — Appendix A: Consolidated Financial Summary
Consolidated five-year summary: bays, the three ratios, revenue by stream, EBITDA, profit after tax, cash and debt service cover.
Appendix A: Consolidated Financial Summary
Jump to section
- Overview & contents
- i. Important Notice and Basis of Preparation
- 1. Executive Summary
- 2. Market and Opportunity
- 3. How a Workshop Actually Makes Money
- 4. Accreditation and Compliance
- 5. SWOT and Competitive Position
- 6. Operations and the Bay Build
- 7. Route to Market
- 8. Management and Governance
- 9. Financial Plan
- 10. Break-Even and Debt Service
- 11. Investment Analysis
- 12. Sensitivity and Scenario Analysis
- 13. Risk Analysis
- 14. Implementation Roadmap
- 15. Key Performance Indicators
- 16. Key Assumptions
- 17. Conclusion and Recommendation
- A. Appendix A: Consolidated Financial Summary
- B. Appendix B: Capital and Operating Schedules
- C. Appendix C: Funding and Debt Schedules
- D. Appendix D: Risk Register
- E. Appendix E: Glossary
|
R unless stated |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
|---|---|---|---|---|---|
|
Bays |
4 |
6 |
8 |
9 |
10 |
|
Bay utilisation |
46% |
63% |
73% |
78% |
81% |
|
Efficiency against book time |
90% |
98% |
104% |
108% |
110% |
|
Clock hours paid |
7 840 |
11 760 |
15 680 |
17 640 |
19 600 |
|
Book hours invoiced |
3 245 |
7 260 |
11 904 |
14 859 |
17 463 |
|
Labour revenue |
2 400 000 |
5 368 000 |
8 801 000 |
10 987 000 |
12 912 000 |
|
Parts revenue |
2 280 000 |
5 476 000 |
9 506 000 |
12 305 000 |
14 719 000 |
|
Sundries and consumables |
149 000 |
334 000 |
548 000 |
684 000 |
803 000 |
|
Total revenue |
4 829 000 |
11 178 000 |
18 855 000 |
23 975 000 |
28 434 000 |
|
Cost of sales |
(3 439 000) |
(6 790 000) |
(10 593 000) |
(13 247 000) |
(15 446 000) |
|
Gross profit |
1 390 000 |
4 388 000 |
8 262 000 |
10 728 000 |
12 988 000 |
|
Gross margin |
28.8% |
39.3% |
43.8% |
44.7% |
45.7% |
|
Overhead |
(3 529 000) |
(4 764 000) |
(6 156 000) |
(6 922 000) |
(7 465 000) |
|
EBITDA |
(2 139 000) |
(376 000) |
2 106 000 |
3 806 000 |
5 523 000 |
|
EBITDA margin |
-44.3% |
-3.4% |
11.2% |
15.9% |
19.4% |
|
Depreciation |
(473 300) |
(600 200) |
(626 600) |
(639 800) |
(653 000) |
|
Interest |
(247 756) |
(317 593) |
(337 547) |
(275 321) |
(182 815) |
|
Taxation |
— |
— |
(38 300) |
(156 107) |
(1 038 431) |
|
Profit / (loss) after tax |
(2 860 056) |
(1 293 793) |
1 103 553 |
2 734 772 |
3 648 754 |
|
Cumulative profit / (deficit) |
(2 860 056) |
(4 153 849) |
(3 050 296) |
(315 524) |
3 333 230 |
|
Cash generated from operations |
(2 211 786) |
(853 483) |
1 496 447 |
3 207 245 |
4 138 248 |
|
Capital deployed |
(3 278 000) |
(924 000) |
(264 000) |
(132 000) |
(132 000) |
|
Asset finance drawn |
1 801 861 |
507 907 |
145 116 |
72 558 |
72 558 |
|
Debt capital repaid |
— |
— |
(525 109) |
(745 328) |
(890 101) |
|
Closing cash |
1 712 075 |
442 499 |
1 294 953 |
3 697 428 |
6 886 133 |
|
Equipment and fit-out, net |
2 804 700 |
3 128 500 |
2 765 900 |
2 258 100 |
1 737 100 |
|
Total assets |
4 914 517 |
4 505 563 |
5 656 109 |
7 999 207 |
11 055 788 |
|
Asset finance outstanding |
1 801 861 |
2 309 768 |
1 929 775 |
1 257 005 |
439 462 |
|
Total equity |
2 539 944 |
1 246 151 |
2 349 704 |
5 084 476 |
8 733 230 |
|
Debt service cover |
n/a |
n/a |
2.44x |
3.73x |
5.15x |
|
Revenue per bay |
1 207 250 |
1 863 000 |
2 356 875 |
2 663 889 |
2 843 400 |