Streetfire Kitchens Business Plan — Appendix A: Consolidated Financial Summary
Consolidated five-year summary: trucks, truck-days, covers, revenue per truck-day, EBITDA, profit after tax and debt cover.
Appendix A: Consolidated Financial Summary
Jump to section
- Overview & contents
- i. Important Notice and Basis of Preparation
- 1. Executive Summary
- 2. The Operating Model
- 3. Licensing, Food Safety and Trading Rights
- 4. Market and Customers
- 5. SWOT and Competitive Position
- 6. Operations and Team
- 7. Financial Plan
- 8. Break-Even and Debt Service
- 9. Investment Analysis
- 10. Sensitivity and Scenario Analysis
- 11. Risk Analysis
- 12. Implementation Roadmap
- 13. Key Performance Indicators
- 14. Key Assumptions
- 15. Conclusion and Recommendation
- A. Appendix A: Consolidated Financial Summary
- B. Appendix B: Truck-Day and Trading Schedules
- C. Appendix C: Funding, Debt and Working Capital Schedules
- D. Appendix D: Risk Register
- E. Appendix E: Glossary
|
R unless stated |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
|---|---|---|---|---|---|
|
Trucks in service, average |
1.4 |
2.5 |
3.6 |
4.5 |
5.0 |
|
Utilisation of effective days |
78% |
84% |
90% |
94% |
98% |
|
Truck-days traded |
291 |
586 |
902 |
1 163 |
1 306 |
|
Covers per truck-day |
105.2 |
106.2 |
106.6 |
107.2 |
107.7 |
|
Covers served |
31 021 |
62 497 |
96 132 |
124 000 |
139 198 |
|
Revenue per truck-day |
10 932 |
11 815 |
12 680 |
13 622 |
14 621 |
|
Revenue |
3 181 175 |
6 923 392 |
11 437 201 |
15 842 103 |
19 094 620 |
|
Food cost |
(995 360) |
(2 148 477) |
(3 525 572) |
(4 851 153) |
(5 808 836) |
|
Crew cost |
(528 974) |
(1 133 755) |
(1 850 054) |
(2 531 527) |
(3 014 571) |
|
Pitch fees and commissions |
(214 472) |
(464 199) |
(764 088) |
(1 054 640) |
(1 266 770) |
|
Other variable costs |
(419 684) |
(898 676) |
(1 467 764) |
(2 010 331) |
(2 396 340) |
|
Gross profit |
1 022 686 |
2 278 286 |
3 829 723 |
5 394 452 |
6 608 103 |
|
Gross margin |
32.1% |
32.9% |
33.5% |
34.1% |
34.6% |
|
Contribution per truck-day |
3 514 |
3 888 |
4 246 |
4 638 |
5 060 |
|
Fixed cash costs |
(2 402 839) |
(2 690 502) |
(3 269 665) |
(3 591 111) |
(3 871 623) |
|
EBITDA |
(1 380 153) |
(412 216) |
560 057 |
1 803 341 |
2 736 480 |
|
EBITDA margin |
-43.4% |
-6.0% |
4.9% |
11.4% |
14.3% |
|
Depreciation |
(528 771) |
(528 771) |
(626 629) |
(724 486) |
(724 486) |
|
Finance costs |
(299 180) |
(253 919) |
(269 451) |
(267 604) |
(178 815) |
|
Profit / (loss) before tax |
(2 624 104) |
(1 194 906) |
(336 023) |
811 251 |
1 833 179 |
|
Taxation |
— |
— |
— |
— |
— |
|
Profit / (loss) after tax |
(2 624 104) |
(1 194 906) |
(336 023) |
811 251 |
1 833 179 |
|
Cumulative profit / (deficit) |
(2 624 104) |
(3 819 010) |
(4 155 033) |
(3 343 782) |
(1 510 603) |
|
Cash generated from operations |
(1 680 006) |
(681 364) |
258 420 |
1 489 214 |
2 508 149 |
|
Capital deployed |
(3 837 000) |
— |
(685 000) |
(685 000) |
— |
|
Asset finance drawn |
2 137 000 |
— |
479 500 |
479 500 |
— |
|
Debt capital repaid |
(323 293) |
(368 554) |
(492 692) |
(634 209) |
(722 997) |
|
Closing cash |
1 780 701 |
730 783 |
291 011 |
940 516 |
2 725 668 |
|
Working capital employed |
673 |
15 902 |
48 088 |
94 611 |
144 127 |
|
Total assets |
5 143 879 |
3 643 020 |
3 368 453 |
4 096 650 |
5 258 371 |
|
Asset finance outstanding |
1 813 707 |
1 445 153 |
1 431 961 |
1 277 252 |
554 255 |
|
Total equity |
3 275 896 |
2 080 990 |
1 744 967 |
2 556 218 |
4 389 397 |
|
Debt service cover |
-2.22x |
-0.66x |
0.73x |
2.00x |
3.03x |
|
Gearing |
35.6% |
41.0% |
45.1% |
33.3% |
11.2% |