Verdant Fungi Farms Business Plan — Appendix A: Consolidated Financial Summary
Consolidated five-year summary: rooms, area, crops, contamination, kilograms sold, revenue, 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. Market and Structure
- 3. How a Mushroom Farm Makes Money
- 4. Contamination and the Oyster Ceiling
- 5. SWOT and Competitive Position
- 6. Operations and the Room Build
- 7. Compliance and Food Safety
- 8. Management and Team
- 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: Production and Capital 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 |
|---|---|---|---|---|---|
|
Growing rooms |
3 |
4 |
6 |
6 |
6 |
|
Shelved area, m² |
840 |
1 120 |
1 680 |
1 680 |
1 680 |
|
Crops per room per year |
5.4 |
6.0 |
6.4 |
6.6 |
6.7 |
|
Yield per m² per crop, kg |
21.0 |
24.0 |
26.0 |
27.5 |
28.5 |
|
Contamination loss |
16.0% |
11.5% |
8.5% |
7.0% |
6.0% |
|
Crop retained |
79% |
84% |
87% |
88% |
89% |
|
Grown, kg |
95 256 |
161 280 |
279 552 |
304 920 |
320 796 |
|
Button sold, kg |
75 614 |
134 882 |
241 721 |
267 978 |
284 963 |
|
Oyster sold, kg |
6 072 |
14 217 |
22 827 |
29 946 |
34 110 |
|
Button revenue |
3 794 000 |
6 768 000 |
12 130 000 |
13 447 000 |
14 299 000 |
|
Oyster revenue |
656 000 |
1 537 000 |
2 467 000 |
3 237 000 |
3 687 000 |
|
Spent substrate |
109 000 |
166 000 |
261 000 |
274 000 |
282 000 |
|
Total revenue |
4 559 000 |
8 471 000 |
14 858 000 |
16 958 000 |
18 268 000 |
|
Direct costs |
(2 156 000) |
(3 572 000) |
(6 002 000) |
(6 537 000) |
(6 864 000) |
|
Gross profit |
2 403 000 |
4 898 000 |
8 856 000 |
10 421 000 |
11 404 000 |
|
Gross margin |
52.7% |
57.8% |
59.6% |
61.5% |
62.4% |
|
Overhead |
(3 640 000) |
(4 480 000) |
(5 870 000) |
(6 285 000) |
(6 590 000) |
|
EBITDA |
(1 237 000) |
418 000 |
2 986 000 |
4 136 000 |
4 814 000 |
|
Depreciation |
(915 166) |
(1 299 445) |
(1 581 667) |
(1 581 667) |
(1 581 667) |
|
Interest |
(1 066 000) |
(1 066 000) |
(1 066 000) |
(937 917) |
(793 182) |
|
Taxation |
— |
— |
— |
(87 286) |
(131 714) |
|
Profit / (loss) after tax |
(3 218 166) |
(1 947 445) |
338 333 |
1 529 130 |
2 307 437 |
|
Cumulative profit / (deficit) |
(3 218 166) |
(5 165 611) |
(4 827 278) |
(3 298 148) |
(990 711) |
|
Cash generated from operations |
(2 332 632) |
(875 376) |
1 554 181 |
2 978 385 |
3 810 074 |
|
Capital deployed |
(9 508 002) |
(4 175 334) |
(3 666 668) |
— |
(-4) |
|
Debt capital repaid |
— |
— |
(985 257) |
(1 113 340) |
(1 258 075) |
|
Closing cash |
8 759 366 |
3 708 656 |
610 912 |
2 475 957 |
5 027 956 |
|
Total assets |
17 858 218 |
16 096 197 |
15 763 246 |
16 257 118 |
17 358 425 |
|
Term debt outstanding |
8 200 000 |
8 200 000 |
7 214 743 |
6 101 403 |
4 843 328 |
|
Total equity |
9 181 834 |
7 234 389 |
7 572 722 |
9 101 852 |
11 409 289 |
|
Debt service cover |
n/a |
0.39x |
1.46x |
2.02x |
2.35x |
|
Revenue per m² of shelved area |
5 427 |
7 563 |
8 844 |
10 094 |
10 874 |