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bbq

VIEWS: 20 PAGES: 28

									  Charles Smith
Benjamin Jorgensen
                                    Table of Contents
1.1         Mission Statement
      1.2       Vision Statement
      1.3       Description of Product and Services
2.0         Environmental Analysis
      2.1       Government and Regulations
      2.2       The Natural Environment
      2.3       Social Structure
      2.4       Porter’s 5 Forces
3.0         Competitor Analysis
      3.1        Existing Competitors
      3.2        Analysis
4.0         Marketing Plan
      4.1       Marketing Segmentation
      4.2       Selected Marketing Strategy
      4.4       Product
      4.5       Price
      4.6       Distribution
      4.7       Promotion
      4.8       Short & Long-term Projections
5.0         Background and Description of the Management Team
6.0         Plan of Operation and Management Structure
7.0         Financials
      7.1       Assumptions
      7.2       Year One
      7.3       Year Two
      7.4       Year Three
      7.5       Year Four
      7.6       Year Five
                            B n’ BBQ Business Plan
                                       Executive Summary
        B n’ BBQ is a barbecue themed catering business based in the Whatcom County area. While the
focus of B n’ BBQ’s catering is based around the grill, they provide a variety of quality selections of food
and service for a number of venues and to fulfill the customer’s needs. Versatility is a trait desired by
many clients who regularly hire caterers.

         B n’ BBQ plan to focus on catering events for organizations that hire catering on a regular basis;
many local social groups and organizations meet weekly or monthly and hire catering for their lunch, or
dinners at these events. With Buck’s experience in the culinary industry and Ben’s industry and
customer insights, B n’ BBQ will be able to provide exactly what the market needs with flexibility and
reliable quality of food and service. The company should begin to turn a profit in month six of operation.

1.1 Mission Statement
    To provide the best quality BBQ and catering services in Whatcom County at a reasonable price with
    excellent mobility and versatility.


1.2 Vision Statement
    Build strong, long-lasting relationships with customers in the Whatcom community through quality
    service and reliability.


1.3 Description of Product and Services
    B n’ BBQ offers catering services aimed to satisfy the food service needs of those organizations in
    Whatcom County which meet on a regular basis. While our main focus is on repeat customers, we
    do cater larger onetime events, such as weddings or other special occasions. Our specialty is quality
    BBQ cuisine, but we also provide a number of other options in our catering service. We provide
    some basic menus with a number of options for customers to choose from; we serve lunch and
    dinner with two menu options based on price. The “Baker” menu offers high-end menu options
    such as salmon and prime rib. The “Chuckanut” menu offers more basic options such as hot dogs
    and burgers as the main course. Both options, the Baker and the Chuckanut, consist on a main
    entrée with two sides. Along with those basic menus, we also provide the customer with a check list
    of other dishes we could provide, so they can customize the menu for their event. Printed hard
    copies and other services may be provided as well with extra charge; we pride ourselves on
    versatility and are willing to work with the customer to meet their needs. B n’ BBQ is also licensed to
    serve alcohol upon request. While many organizations prefer to arrange or provide their own venue,
    B n’ BBQ can provide a venue through a referral if the customer requests it. We cook our grilled
    cuisine on a large custom build propane grill trailer with an attached smoking compartment. There
    are some in door events in locations where having this grill on site would be inconvenient, in events
    like these we will prepare the meals off site and bring them to the event location in sterile and
    insulated or heated food storage containers to ensure the quality of the food.



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                           B n’ BBQ Business Plan
                          Industry and Competitor Landscape
Industry: Food service

2.0 Environmental Analysis:
2.1     Government and regulations: In regards to regulations, beyond a business license, we will also
        need to acquire a liquor license and food handler permits for each employee that will be
        working with the food. Insurance will also be needed to protect the business from unforeseen
        risks, liability is a big deal for the food and service industry. With larger catering events, serving
        alcohol is usually to be expected and there a few different options with current regulations.
        However, for the convenience of the customer we will have our own license to serve alcohol if
        appropriate. The liquor license we would have to acquire would be registered as a restaurant
        or food service with catering endorsement and a duplicate license, which would be ~$1,400.
        This license would include the ability to serve beer & wine as well as spirits, but serving is
        limited to a service bar only. In order to qualify for the permit you must also pass a background
        check. We would also require an employee to apply for and take a class to receive a Class 12
        MAST permit in order to mix and serve drinks, which would run a cost of ~$40 for the class. We
        should have no problem acquiring these permits if we pay the fees and apply in the right order.
        Not including insurance, the permits should be ~$1,500.

2.2     The Natural Environment: The climate is wet with an average annual rainfall of 34.84 inches in
        the Bellingham area. Weather permitting, the landscape is beautiful with the bay right there
        and Mt. Baker visible in the distance

2.2.1   Opportunities:
             Breathtaking landscapes provide ample opportunity for outdoor events that will require
                food preparation and service.
2.2.2   Threats:
             The high amount of average rainfall could deter potential customers from wanted to
                host outside events.

2.3 Social Structure: In an area the size of Bellingham, a large portion of the community is connected
    through social relationships. It isn’t quite the same as a ‘small town feel’ although the north
    Bellingham and Lynden area may fit that description more accurately; there are a number people
    who have social connections throughout Whatcom county and they are a large part of our target
    market. Having lived in the area for over 10 years, Benjamin has made a number of observations
    based on experience as well as researching opinions of people in the target market and other parts
    of the community.

2.3.1   Opportunities:
            Barbeques are a popular event and could prove to be a successful core focus for our
               catering business.

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                           B n’ BBQ Business Plan
               Providing quality service to people well connected in the local social network helps
                create a better reputation for ourselves.
             Appealing to certain well connected individuals and organizations also provide an
                opportunity for future referrals.
2.3.2   Threats:
             However, there are also a lot of local agriculturists that provide and BBQ their own meat,
                especially some in the groups we will be focusing on for our market. The ‘do-it-yourself’
                attitude removes dome of the opportunities that would have been available to us. This
                is why we plan to use a versatile approach to our catering, in order to provide a number
                of options that would be more convenient for the customer than if they did it
                themselves.
             There is the potential of negative feedback or information from dissatisfied clients
                spreading through the social network, giving us a poor reputation. The best way to deal
                with this situation would be to take care of it before it happens. Customer satisfaction is
                a primary concern for B n’ BBQ and will work out a reasonable deal with any client that
                has valid complains.

2.4 Porter’s 5 Forces analysis:

2.4.1   Bargaining power of suppliers: Low – B n’ BBQ’s supplies consist of commodities such as food,
        propane, and charcoal. As well as eating utensils. Considering the market for these supplies is by
        in large saturated, the costs of switching suppliers should be low. Economies of scope prevent
        suppliers from being tempted to forward integrate into the catering market. Information about
        supplier’s products should be readily available.

2.4.2   Bargaining power of customers: Medium - The scope of services and products that catering
        companies offer vary greatly and therefore customers are in general less aware of what makes
        up the final price. Most of the value in our product will lie in its quality. Convenience is another
        highly critical area. Although the quality of our products and services will be apparent through
        visual and oral cues, it is hard to quantify the metrics of convenience and overall quality. This in
        turn reduces the customer’s bargaining power. Due to the success of an event relying highly on
        the quality of the catering service, buyers will be less price sensitive compared to in industries
        where this is not true.

2.4.3   Threat of substitutes: High – The food service industry is heavily saturated and many companies
        own their own venues as well that they can offer along with their services. The high density of
        restaurants in the area poses as a threat of substitute as well.

2.4.4   Threat of entry: High – The capital requirements to start up a catering business are low, product
        differentiation is hard to achieve, and access to distribution channels is readily available. The
        barriers to entry lie in government regulations in permitting and licensing.


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                          B n’ BBQ Business Plan

2.4.5   Competitive Rivalry: Medium – While the event food service industry is heavily concentrated in
        the Bellingham area, competitors offer a diverse range of product types (only one other BBQ
        catering service identified) which allows companies to compete on differentiation and not solely
        on price alone.

3.0 Competitor Analysis:
3.1 Existing Competitors: Research was done through interviews with customers who hire caterers on a
    regular basis for organizations, which is part of our target market. However, in performing the
    interviews, we agreed to not make specific references to the local businesses discussed.

3.1.1   Restaurant based catering services
         Usually prove to be inflexible and unaccommodating to the customers when necessary.
         Low customer appreciation
         Have ready access to cooking equipment and suppliers. Although, not always utilized
            (example; don’t plan ahead for extra guests).
         Example: Hiltop, Billy McHale’s

3.1.2   Grocery or Retail based catering services
         Often over complicated andrestrictive in planning; low versatility.
               o Require lots of planning and forms but provide little selection and are often
                    inflexible once plans are set.
         Supplies readily accessible.
         Example: some outlets like Safeway or Haggens provide catering service or deliveries.

3.1.3   Smaller and more personalized catering services (independent restaurant or catering
        companies)
         Usually focus on keeping regular customers
         Often adaptive, but sometimes inconsistent
         Example: Fairway Café

3.2 Analysis
    The majority of competitors seem to be comprised of restaurant based catering services. While a
    great number of them provide catering services, some don’t openly advertise. Based on research
    into customer feedback, a number of the main competitors from that group are inflexible and when
    something goes poorly, make no effort to smooth things out with the customers. After interviewing
    an individual in charge of hiring caterers on a regular basis, they reported that many of those
    caterers were guilty of ‘penny pinching’ or ‘counting nickels & dimes’. There were a few occasions
    when caterers would plan down to the last person for plates and food; so if anyone went back for
    seconds, spilt their plate, or an unexpected guest showed up, there were no supplies available to
    accommodate them. In other instances, caterers would charge for every small thing; if an extra
    tablecloth, plate, or even disposable cups were needed, they would charge the customer. The larger
    companies seem to care more about their existing business than the catering on the side, making
    the smaller companies that work to satisfy the customer a more serious competitor.


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                           B n’ BBQ Business Plan
3.2.1   Advantages/disadvantages
         Being new to the catering industry - This is a double edged sword; while we don’t have any
           existing reputation, it also means we start with a clean slate. When a catering company
           performs poorly, the customer is unlikely to hire them again, which is a negative that
           companies entering the market won’t have.

           However, not having a reputation also causes an obvious problem for assuring people we
            are trustworthy; this is where social contacts come in. Being familiar or acquainted with
            potential clients provides more of an opportunity than if you were not; people are more
            likely to hire someone they know to be trust worthy, than someone they know nothing
            about.

3.2.2   Assessments/evaluation of competitors
        Based on customer needs and expectations; while the larger catering businesses are able to
        operate in greater volume, it is the smaller and more involved companies that will be some of
        our greatest competitors. The quality of service, versatility and willingness to be flexible are
        some of the traits we aspire for, and that some of those competitors have.




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                           B n’ BBQ Business Plan
                                          Marketing Plan

4.0 Marketing plan
4.1 Identify Customer:
    Our ideal customers are organizations or members of organizations that host events or meetings on
    a regular basis. Because of their regularity, they want a company that will provide a reliable, quality
    service that they can count on. We provide services for onetime events, ranging from small to large
    in scale, as well.

4.1 Market Segmentation:

4.1.1   Segment 1: Repeat/regular customers

           The main focus of our business, customers that hire us on a regular basis serve as B n’ BBQ’s
            main focus. These customers would be businesses or organizations that hold events or
            meetings regularly; local businesses, non-profit organizations, and social clubs.
           Percent of sales (projected to be ~46% and ~38% respectively for lunches and dinners)
           These customers hire caterers on a regular basis, and want reliable, quality service, they can
            count on. During interviews, potential customers from this segment stated that they are
            willing to give new caterers a try, to see if they can provide consistent quality service at
            reasonable price.
           These customers are easiest to reach through existing social contacts and referrals.
            Establishing a relationship of trust doesn’t guarantee the job, but it keeps the door to
            opportunity open; people are more willing to hire again, or refer a caterer that they believe
            is trustworthy.
           If a business relationship is established, there is a little more leeway in terms of price
            sensitivity. Having to raise the price for an event under some circumstances may be up for
            negotiation, but changing it for the sake of profit violates the customers trust and my cost
            the company the job.

4.1.2   Segment 2: One time event customers

           The secondary focus of our business, one time customers are people or organizations that
            will often be people that respond to our advertisements looking for a quality caterer for a
            onetime event like a wedding, award or graduation ceremony, auctions, etc.
           Percent of sales (projected to be ~16% of sales)
           Reaching these customers will be done through information distribution via methods such
            as newspaper and radio advertisements. While some of these may have the potential to be
            repeat customers, it is unlikely that will provide the sort of income we would see from
            regulars. They may also prove to be more difficult to please, as their expectations may be
            unknown.




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                           B n’ BBQ Business Plan
4.2 Alternative Marketing Strategies:
    We considered a number of marketing methods in the process of selecting our strategy; deciding on
    how much emphasis we wanted to place on themed catering, which was considered because placing
    too much emphasis could limit the type of events we could cater. Providing a simpler ‘food truck’
    style service which is a mobile kitchen that people sell food from was, and catering out of a
    restaurant were some of the more prevalent options that we considered as alternatives.

4.3 Selected Marketing Strategy:
    After a conducting research and interviews, it was determined that using social contacts and
    referrals would be one of our most effective means of marketing. Knowing the right people gives B n’
    BBQ an opportunity to demonstrate its quality of service and in turn its reliability. Through positive
    feedback from our customer and the actions of our customer service representative, creating a
    reputation for ourselves along with trusting relationships with our customers will prove to be one of
    the most successful parts of our strategy. Our research has also caused us to decide to focus less on
    the traditional BBQ style theme and focus on being versatile in order to fulfill our customer’s needs
    and prevail in our market

4.4 Product
     B n’ BBQ Strives to provide reliable friendly and quality service. All our employees have been
       trained and certified to ensure that our food and service more than meets our customer’s
       expectations. We acquire our food from local certified safe providers and we conduct rigorous
       inspections to ensure the quality of the food used for our catering.
     Barbeque is a popular style of dining, but is not limited to the backyard. We at B n’ BBQ believe
       that the grilling experience can be enjoyed in a great number of ways. From burger patties and
       hotdogs, to roasted sirloin and filet mignon, even roasted vegetables. There are a nearly
       limitless number of possibilities for barbequed cuisine that we would love to share without
       customers.
     We guarantee the quality of our services, and if the customer is not satisfied, we will return
       their deposit.

4.5 Price

4.5.1   List price
         Our list price follows much the same themes as some other catering companies; cost of
             goods sold is one-third the listed price.

4.5.2   Pricing and Bundling
         Changes in price will be determined based on the type of event being catered and the
            likelihood of a repeat customer. If a customer were to book multiple events in advance, an
            appropriate discount would be provided depending on the size and number of events.

4.5.3   Payment terms and financing options
         Events are booked in advance with at least one weeks’ notice or more, depending on the
           scale of the event. There is a 40-50% deposit on bookings depending on the scale and
           scheduling of the event. This deposit is meant to provide us with revenue to cover the cost
           of materials and to provide insurance for if there is a cancelation or a dropped event.



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                           B n’ BBQ Business Plan
4.6 Distribution (Place)

       Our food and services will be provided on site, only under special circumstances would meals be
        premade. Freshness and authenticity are important to our goals. The location from which we
        will operate is determined by the customer unless circumstance warrants that B n’ BBQ find its
        own accommodations.
       Meat and other food products are stored in refrigeration units in one of our trucks until it is time
        to be used. The ingredients acquired are as fresh as possible, which is carefully planned out and
        acquired from local sources, which is one of the reasons for the one week notice for booking an
        event. The equipment and utensils are stored in a convenient warehouse location while they are
        not in use (exact location to be determined).

4.7 Promotion

4.7.1   Newspaper Advertisements

           Placement of newspaper advertisements in the classifieds section of The Bellingham Herald
            and the Lynden Tribune. Considering the pricing for classifieds in The Bellingham Herald, it
            would be more cost effective to run the advertisement for 30 days. The Lynden Tribune is
            another option, but other methods may prove more effective in that area of the county. The
            articles will be used in the beginning stages, and any further continuation or cancelation will
            be based on measured effectiveness.
                 o The Bellingham Herald: 30 Advertisement (11 lines included and placed online for 30
                     days as well) = $125
                 o Lynden Tribune: 0-15 Words = $9.00 and 16-1000 Words = 55¢ per additional word

4.7.2   Word of mouth (referrals)

           Using existing social contacts to start, and then expanding to members of our target market
            with positive feedback. After completing some investigation into our target market, this
            method would prove to be one of the most effective.

4.7.3   Flyers/leaflets

           They will be designed by a member of our staff who has experience in marketing and
            graphic design, and then printed out at a local print shop. Postings will be around several
            approved locations and leaflets/brochures will be available at each of the functions we cater.

4.7.4   Public Relations

           Public relations will fall under the responsibility of our customer service representative, and
            the results of which will be closely tied to how our customers respond and the likelihood of
            referrals. Good public relations will help demonstrate the friendly nature of our service
            along with the quality.




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                           B n’ BBQ Business Plan
           Face to face meetings and introductions with different people and organizations in
            Whatcom County is also an important method of promotion, especially when they are part
            of our focus.

4.7.5   Internet

           A website describing our product and services that also provide customers with an easy way
            to contact B n’ BBQ to reserve us for their event or ask any questions regarding our service.
            The description of services will also include the basic menus and additional options available.

4.7.6   Promotional programs

           Depending on the initial response to our business, we may choose to put on a number of
            promotional programs or events in order to improve awareness. These programs or events
            could range from informational ads, to hosting public events to demonstrate the quality of
            our product and services.

4.7.7   Budget

           Set sum to start and ~5% of business revenue after company establishment in the market,
            depending on break-even point for any additional spending. (The budget may be altered
            based on effectiveness at a later date)

4.8 Short & Long-Term Projections
     Because the core of our strategy is based on referrals, in the short-term the effects will be
       minimal. Our existing contacts and advertisements will provide us with some initial customers,
       but after a period of time we will develop a reputation. Through hard work and demonstration
       of our quality of service, as well of good public relations, the reputation we will develop will be
       once of excellence. In the long-term, our strategy will help us to establish relations and build
       trust that is necessary to do business with routine customers. As long as we stick to our values
       and goals to achieve and maintain customer satisfaction, our strategy will lead us to a successful
       establishment in the market.

5.0 Background and Description of the Management Team

       Buck has three years experience in the restaurant industry and a degree in Manufacturing and
        Supply Chain Management. His skills and experience will help B n’ BBQ provide quality food and
        service to its customers.
       Ben has some experience in the culinary arts and has lived in the area of operation for over ten
        years. His familiarity and experience with the area will provide valuable insight into the local
        industry and customers.




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                          B n’ BBQ Business Plan
6.0 Plan of operation and Management Structure

      B n’ BBQ plans to operate as a small business, staffing only five total employees even in its
       growth stage. Our five year goal is to be serving 5 lunches, 4 dinners, and 1 special event a week.
       Operating 46 weeks a year.

      B n’ BBQ will be owned and managed by its founders in the form of a partnership. The sales and
       marketing functions will be managed by Ben while the operations, processes, and procurement
       of supplies will be handled by Buck. The owners will share the start-up costs as well as the
       profits. Accounting and Financing services will be provided from an outside source.


7.0 Financials
7.1 Financial statements are based on the following assumptions:
         We operate 46 weeks a year
         Equipment Depreciates over 6 years
         COGS is 33% of sales
         All meals are assumed to be serving 40 heads at the following prices:
                 o Lunch: $12/head
                 o Dinner: $15/head
                 o Specialty events: $24/head

7.2 Year One:
        Employ only 2 people (the founders/owners)
        first two months we serve 1 lunch a week
        For the remainder of the year we serve one lunch and one dinner

7.3 Year Two:
        Two Lunches and one dinner a week
        One special onetime event every two months.

7.4 Year Three:
        Two lunches and two dinners a week.
        One special onetime event every two months.

7.5 Year Four:
        Three lunches and two dinners a week.
        One special onetime event every month.

7.6 Year Five:
        Three lunches and two dinners a week
        Two special events a month




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                                                                  B n' BBQ


                                              Startup Costs
Quanity                                                                      $/unit          Total $
      1   Businss License                                                     $     215.00    $       215.00
      1   Alcohol License                                                     $ 1,600.00      $     1,600.00
      1   Catering Endorsement                                                $     250.00    $       250.00
      2   Food Permitting                                                     $      20.00    $        40.00
      1   Insurance                                                           $ 1,200.00      $     1,200.00
      1   Tent w/walls & windows                                              $ 2,000.00      $     2,000.00
      1   Large Portable BBQ Grill Trailer w/burner & sink                    $ 6,000.00      $     6,000.00
          Chafing Dish                                                                        $          -
      4                                                      Stacking        $      45.00     $       180.00
      4                                                      Non-Stacking    $      35.00     $       140.00
     10   Round Tables                                                       $      65.00     $       650.00
      1   Table carrier                                                      $     150.00     $       150.00
     80   Standard Metal Folding Chair                                       $      15.00     $     1,200.00
      1   Cooking Untensils                                                  $   1,000.00     $     1,000.00
      1   Serving Untensils                                                  $     200.00     $       200.00
      1   Serving Dishes                                                     $     500.00     $       500.00
      1   Linens                                                             $     600.00     $       600.00
      5   Fuel                                                               $       1.60     $         8.00
                                                                                              $ 15,933.00




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                                                                                                                              2013 Income Statement
                                                For the Month of:            January      February    March       April       May         June        July        August      September   October     November    December    Total
                                                Cash at Beginning of month    $ 20,000.00 $ 20,116.64 $ 20,244.16 $ 21,942.17 $ 23,642.64 $ 25,345.54 $ 27,050.83 $ 28,758.48 $ 30,468.46 $ 30,733.52 $ 32,448.05 $ 34,164.80

Revenue
Sales Revenue                                                                $   1,920.00   $   1,920.00   $   4,320.00   $     4,320.00    $    4,320.00   $   4,320.00   $   4,320.00   $   4,320.00   $   2,160.00   $   4,320.00   $   4,320.00   $   4,320.00
Total Revenue                                                                $   1,920.00   $   1,920.00   $   4,320.00   $     4,320.00    $    4,320.00   $   4,320.00   $   4,320.00   $   4,320.00   $   2,160.00   $   4,320.00   $   4,320.00   $   4,320.00   $   44,880.00

Cost of Goods Sold                                                           $     633.60   $     633.60   $   1,425.60   $     1,425.60    $    1,425.60   $   1,425.60   $   1,425.60   $   1,425.60   $     712.80   $   1,425.60   $   1,425.60   $   1,425.60   $   14,810.40
Transportation                                                               $      40.00   $      40.00   $      80.00   $        80.00    $       80.00   $      80.00   $      80.00   $      80.00   $      80.00   $      80.00   $      80.00   $      80.00   $      880.00
Total Cost of Sales                                                          $     673.60   $     673.60   $   1,505.60   $     1,505.60    $    1,505.60   $   1,505.60   $   1,505.60   $   1,505.60   $     792.80   $   1,505.60   $   1,505.60   $   1,505.60   $   15,690.40
Gross Profit                                                                 $   1,246.40   $   1,246.40   $   2,814.40   $     2,814.40    $    2,814.40   $   2,814.40   $   2,814.40   $   2,814.40   $   1,367.20   $   2,814.40   $   2,814.40   $   2,814.40   $   29,189.60
Expenses
Advertising
                              Newpaper Ad                                    $     125.00   $     125.00   $     125.00   $       125.00    $      125.00   $     125.00   $     125.00   $     125.00   $     125.00   $     125.00   $     125.00   $     125.00   $    1,500.00
         Print (Flyers, Business Cards, etc.)                                $     100.00   $     100.00   $     100.00   $       100.00    $      100.00   $     100.00   $     100.00   $     100.00   $     100.00   $     100.00   $     100.00   $     100.00   $    1,200.00
Depreciation (17%/yr)                                                        $     178.78   $     176.25   $     173.75   $       171.29    $      168.87   $     166.47   $     164.11   $     161.79   $     159.50   $     157.24   $     155.01   $     152.81   $    1,985.89
Accounting                                                                   $     100.00   $     100.00   $     100.00   $       100.00    $      100.00   $     100.00   $     100.00   $     100.00   $     100.00   $     100.00   $     100.00   $     100.00   $    1,200.00
Insurance                                                                    $     100.00   $     100.00   $     100.00   $       100.00    $      100.00   $     100.00   $     100.00   $     100.00   $     100.00   $     100.00   $     100.00   $     100.00   $    1,200.00
Food Handlers Permits                                                        $       0.56   $       0.56   $       0.56   $         0.56    $        0.56   $       0.56   $       0.56   $       0.56   $       0.56   $       0.56   $       0.56   $       0.56   $        6.67
Maintenance                                                                  $     150.00   $     150.00   $     150.00   $       150.00    $      150.00   $     150.00   $     150.00   $     150.00   $     150.00   $     150.00   $     150.00   $     150.00   $    1,800.00
Permitting/Licensing                                                         $     275.42   $     267.08   $     267.08   $       267.08    $      267.08   $     267.08   $     267.08   $     267.08   $     267.08   $     267.08   $     267.08   $     267.08   $    3,213.30
Storage Rent                                                                 $     100.00   $     100.00   $     100.00   $       100.00    $      100.00   $     100.00   $     100.00   $     100.00   $     100.00   $     100.00   $     100.00   $     100.00   $    1,200.00
Total Expenses                                                               $   1,129.76   $   1,118.89   $   1,116.39   $     1,113.93    $    1,111.50   $   1,109.11   $   1,106.75   $   1,104.43   $   1,102.13   $   1,099.87   $   1,097.65   $   1,095.45   $   13,305.85

Net Income Before Taxes                                                      $     116.64   $    127.51    $   1,698.01   $     1,700.47    $    1,702.90   $   1,705.29   $   1,707.65   $   1,709.97   $    265.07    $   1,714.53   $   1,716.75   $   1,718.95   $   15,883.75
B&O Tax                                                                      $      67.32   $     67.32    $      67.32   $        67.32    $       67.32   $      67.32   $      67.32   $      67.32   $     67.32    $      67.32   $      67.32   $      67.32   $      807.84
Net Income from Continuing Operations                                        $      49.32   $     60.19    $   1,630.69   $     1,633.15    $    1,635.58   $   1,637.97   $   1,640.33   $   1,642.65   $    197.75    $   1,647.21   $   1,649.43   $   1,651.63   $   15,075.91




                                                                                                                                           2 of 16
                                                                                                                           B n' BBQ




                                                                                                         2013 Cash Flow Statement
         For the Month of           January        February   March       April       May         June        July           August         September      October        November    December    Totals
         Cash at Beginning of month $    20,000.00 $ 9,699.20 $ 11,211.66 $ 13,559.33 $ 15,907.00 $ 18,254.66 $    20,602.33 $    22,950.00 $    25,297.66 $    26,893.65 $ 29,241.32 $ 31,588.98

Operations
Cash receipts from customers      $    1,920.00 $       1,920.00 $     4,320.00 $       4,320.00 $        4,320.00 $         4,320.00 $      4,320.00 $       4,320.00 $       2,160.00 $     4,320.00 $       4,320.00 $       4,320.00 $       44,880.00
Cash paid for                                                                                                                                                                                                                             $            -
          Advertising             $      (225.00)   $   (225.00) $      (225.00) $       (225.00) $        (225.00) $         (225.00) $      (225.00) $       (225.00) $      (225.00) $      (225.00) $       (225.00) $       (225.00) $      (2,700.00)
          Storage Rent            $      (100.00)   $   (100.00) $      (100.00) $       (100.00) $        (100.00) $         (100.00) $      (100.00) $       (100.00) $      (100.00) $      (100.00) $       (100.00) $       (100.00) $      (1,200.00)
          Equipment               $   (12,620.00)
          Food Handlers Permits   $        (0.56)   $     (0.56)   $       (0.56)   $       (0.56)   $        (0.56)   $        (0.56)   $       (0.56)   $       (0.56)   $     (0.56)   $       (0.56)   $       (0.56)   $       (0.56)   $        (6.72)
          Accounting              $      (100.00)   $   (100.00)   $     (100.00)   $     (100.00)   $      (100.00)   $      (100.00)   $     (100.00)   $     (100.00)   $   (100.00)   $     (100.00)   $     (100.00)   $     (100.00)   $    (1,200.00)
          Insurance               $       (91.67)   $    (91.67)   $      (91.67)   $      (91.67)   $       (91.67)   $       (91.67)   $      (91.67)   $      (91.67)   $    (91.67)   $      (91.67)   $      (91.67)   $      (91.67)   $    (1,100.00)
          Food costs              $      (633.60)   $   (633.60)   $   (1,425.60)   $   (1,425.60)   $    (1,425.60)   $    (1,425.60)   $   (1,425.60)   $   (1,425.60)   $   (712.80)   $   (1,425.60)   $   (1,425.60)   $   (1,425.60)   $   (14,810.40)
          Propane                 $       (20.00)   $    (20.00)   $      (20.00)   $      (20.00)   $       (20.00)   $       (20.00)   $      (20.00)   $      (20.00)   $    (20.00)   $      (20.00)   $      (20.00)   $      (20.00)   $      (240.00)
          Transportation          $       (40.00)   $    (40.00)   $      (40.00)   $      (40.00)   $       (40.00)   $       (40.00)   $      (40.00)   $      (40.00)   $    (40.00)   $      (40.00)   $      (40.00)   $      (40.00)   $      (480.00)
          B&O Taxes               $       (34.56)   $    (34.56)   $      (77.76)   $      (77.76)   $       (77.76)   $       (77.76)   $      (77.76)   $      (77.76)   $    (38.88)   $      (77.76)   $      (77.76)   $      (77.76)   $      (807.84)
          Permitting/Licensing    $      (275.42)   $   (267.08)   $     (267.08)   $     (267.08)   $      (267.08)   $      (267.08)   $     (267.08)   $     (267.08)   $   (267.08)   $     (267.08)   $     (267.08)   $     (267.08)   $    (3,213.30)
Net Cash Flow from Operations     $   (12,220.80)   $    407.53    $    1,972.33    $    1,972.33    $     1,972.33    $     1,972.33    $    1,972.33    $    1,972.33    $    564.01    $    1,972.33    $    1,972.33    $    1,972.33    $    19,121.74


Net Increase in Cash              $   (10,300.80) $     1,512.47 $     2,347.67 $       2,347.67 $        2,347.67 $         2,347.67 $      2,347.67 $       2,347.67 $       1,595.99 $     2,347.67 $       2,347.67 $       2,347.67 $       13,936.65




                                                                                                                           3 of 16
                                                                 B n' BBQ


                                        B n' BBQ Balance Sheet
                                                As of 12/31/2013
Assets                                                   Liabilities and Shareholders' Equity
Current Assets                                           Current Liabilities
Cash and Cash Equivelents       $   15,883.75                                                                     0
Inventories                     $         -              Total Current Liabilities                                0
Prepaid Expenses and Other      $       13.33
Total Current Assets            $   15,897.08            Shareholders Equity
                                                         Payment to owners                            $    6,101.20
Equipment at Cost                                        Retained Earnings                            $   20,000.00
Preparation Equipment           $    7,430.00
Serving Equipment               $    4,760.00            Total Shareholders' Equity                   $   26,101.20
Total Equpment, at cost         $   12,190.00

Less Accumulated Depreciation   $    1,985.89
Equipment net                   $   10,204.11

Total Assets                    $   26,101.20            Total Liabilities and Shareholders' Equity   $   26,101.20




                                                                 4 of 16
                                                                             B n' BBQ




                                                                    2014 Income Statement
                                                Quarter                                     1                   2               3               4 Total
                                                Cash at Beginning of month     $    20,000.00 $        29,776.76 $     39,572.73 $     49,387.09

Revenue
Sales Revenue                                                                  $    20,160.00 $        20,160.00 $     20,160.00 $     16,800.00 $        77,280.00
Total Revenue                                                                  $    20,160.00 $        20,160.00 $     20,160.00 $     16,800.00 $        77,280.00

Cost of Goods Sold                                                             $     6,652.80      $    6,652.80   $    6,652.80   $    5,544.00   $      25,502.40
Transportation                                                                 $       375.00      $      375.00   $      375.00   $      312.50   $       1,437.50
Total Cost of Sales                                                            $     7,027.80      $    7,027.80   $    7,027.80   $    5,856.50   $      26,939.90
Gross Profit                                                                   $    13,132.20      $   13,132.20   $   13,132.20   $   10,943.50   $      50,340.10
Expenses
Advertising
                              Newpaper Ad                                      $          375.00   $      375.00   $      375.00   $      375.00   $       1,500.00
         Print (Flyers, Business Cards, etc.)                                  $          300.00   $      300.00   $      300.00   $      300.00   $       1,200.00
Depreciation (17%/yr)                                                          $          451.95   $      432.74   $      414.35   $      396.74   $       1,695.78
Accounting                                                                     $          300.00   $      300.00   $      300.00   $      300.00   $       1,200.00
Insurance                                                                      $          275.00   $      275.00   $      275.00   $      275.00   $       1,100.00
Food Handlers Permits                                                          $            2.24   $        2.24   $        2.24   $        2.24   $           8.96
Maintenance                                                                    $          450.00   $      450.00   $      450.00   $      450.00   $       1,800.00
Permitting/Licensing                                                           $          801.25   $      801.25   $      801.25   $      801.25   $       3,205.00
Storage Rent                                                                   $          400.00   $      400.00   $      400.00   $      400.00   $       1,600.00
Total Expenses                                                                 $        3,355.44   $    3,336.23   $    3,317.84   $    3,300.23   $      13,309.74

Net Income Before Taxes                                                        $        9,776.76 $      9,795.97 $      9,814.36 $      7,643.27 $        37,030.36
B&O Tax                                                                        $          347.76 $        347.76 $        347.76 $        347.76 $         1,391.04
Net Income from Continuing Operations                                          $        9,429.00 $      9,448.21 $      9,466.60 $      7,295.51 $        35,639.32




                                                                             5 of 16
                                                                    B n' BBQ




                                         2014 Cash Flow Statement
         For quarter                              1                 2                 3                 4 Total
         Cash at Beginning of Year   $    20,000.00 $      30,261.67 $       40,523.34 $       50,785.01

Operations
Cash receipts from customers         $    20,160.00 $      20,160.00 $       20,160.00 $       16,800.00 $         77,280.00
Cash paid for                                                                                             $              -
          Advertising                $      (775.00)   $     (775.00)    $      (775.00)   $     (775.00) $        (3,100.00)
          Storage Rent               $      (400.00)   $     (400.00)    $      (400.00)   $     (400.00) $        (1,600.00)
          Food Handlers Permits      $        (2.24)   $       (2.24)    $        (2.24)   $       (2.24) $            (8.96)
          Accounting                 $      (300.00)   $     (300.00)    $      (300.00)   $     (300.00) $        (1,200.00)
          Insurance                  $      (275.00)   $     (275.00)    $      (275.00)   $     (275.00) $        (1,100.00)
          Food costs                 $    (6,652.80)   $   (6,652.80)    $    (6,652.80)   $   (5,544.00) $       (25,502.40)
          Propane                    $       (62.50)   $      (62.50)    $       (62.50)   $      (62.50) $          (250.00)
          Transportation             $      (630.00)   $     (630.00)    $      (630.00)   $     (525.00) $        (2,415.00)
          B&O Taxes                  $      (362.88)   $     (362.88)    $      (362.88)   $     (302.40) $        (1,391.04)
          Permitting/Licensing       $      (801.25)   $     (801.25)    $      (801.25)   $     (801.25) $        (3,205.00)
Net Cash Flow from Operations        $     9,898.33    $    9,898.33     $     9,898.33    $    7,812.61 $         37,507.60


Net Increase in Cash                 $    10,261.67 $      10,261.67 $       10,261.67 $        8,987.39 $        39,772.40




                                                                        6 of 16
                                                                 B n' BBQ


                                        B n' BBQ Balance Sheet
                                                As of 12/31/2014
Assets                                                    Liabilities and Shareholders' Equity
Current Assets                                            Current Liabilities
Cash and Cash Equivelents       $   37,030.36                                                                     0
Inventories                     $         -              Total Current Liabilities                                0
Prepaid Expenses and Other      $       13.33
Total Current Assets            $   37,043.69            Shareholders Equity
                                                         Payment to owners                            $   25,552.02
Equipment at Cost                                        Retained Earnings                            $   20,000.00
Preparation Equipment           $    7,000.00
Serving Equipment               $    5,190.00            Total Shareholders' Equity                   $   45,552.02
Total Equpment, at cost         $   12,190.00

Less Accumulated Depreciation   $    3,681.67
Equipment net                   $    8,508.33

Total Assets                    $   45,552.02            Total Liabilities and Shareholders' Equity   $   45,552.02




                                                                  7 of 16
                                                                             B n' BBQ




                                                                  2015 Income Statement
                                                Quarter                                     1                2               3               4 Total
                                                Cash at Beginning of month   $      20,000.00 $     34,551.58 $     49,119.31 $     63,702.49

Revenue
Sales Revenue                                                                $      27,360.00 $     27,360.00 $     27,360.00 $     22,800.00 $        104,880.00
Total Revenue                                                                $      27,360.00 $     27,360.00 $     27,360.00 $     22,800.00 $        104,880.00

Cost of Goods Sold                                                           $       9,028.80   $    9,028.80   $    9,028.80   $    7,524.00   $       34,610.40
Transportation                                                               $         495.00   $      495.00   $      495.00   $      412.50   $        1,897.50
Total Cost of Sales                                                          $       9,523.80   $    9,523.80   $    9,523.80   $    7,936.50   $       36,507.90
Gross Profit                                                                 $      17,836.20   $   17,836.20   $   17,836.20   $   14,863.50   $       68,372.10
Expenses
Advertising
                              Newpaper Ad                                    $         375.00   $      375.00   $      375.00   $      375.00   $        1,500.00
         Print (Flyers, Business Cards, etc.)                                $         300.00   $      300.00   $      300.00   $      300.00   $        1,200.00
Depreciation (17%/yr)                                                        $         379.88   $      363.73   $      348.28   $      333.47   $        1,425.36
Accounting                                                                   $         300.00   $      300.00   $      300.00   $      300.00   $        1,200.00
Insurance                                                                    $         275.00   $      275.00   $      275.00   $      275.00   $        1,100.00
Food Handlers Permits                                                        $           3.49   $        3.49   $        3.49   $        3.49   $           13.96
Maintenance                                                                  $         450.00   $      450.00   $      450.00   $      450.00   $        1,800.00
Permitting/Licensing                                                         $         801.25   $      801.25   $      801.25   $      801.25   $        3,205.00
Storage Rent                                                                 $         400.00   $      400.00   $      400.00   $      400.00   $        1,600.00
Total Expenses                                                               $       3,284.62   $    3,268.47   $    3,253.02   $    3,238.21   $       13,044.32

Net Income Before Taxes                                                      $      14,551.58 $     14,567.73 $     14,583.18 $     11,625.29 $         55,327.78
B&O Taxes                                                                    $         471.96 $        471.96 $        471.96 $        471.96 $          1,887.84
Net Income from Continuing Operations                                        $      14,079.62 $     14,095.77 $     14,111.22 $     11,153.33 $         53,439.94




                                                                                 8 of 16
                                                             B n' BBQ




                                     2015 Cash Flow Statement
         For quarter                            1            2           3           4 Total
         Cash at Beginning of Year    $ 20,000.00 $ 33,076.02 $ 46,152.04 $ 59,228.06

Operations
Cash receipts from customers          $ 27,360.00 $ 27,360.00 $ 27,360.00 $ 22,800.00 $ 104,880.00
Cash paid for                                                                             $        -
         Advertising                  $   (775.00) $   (775.00) $   (775.00) $   (775.00) $ (3,100.00)
         Storage Rent                 $   (400.00) $   (400.00) $   (400.00) $   (400.00) $ (1,600.00)
         Food Handlers Permits        $     (3.49) $     (3.49) $     (3.49) $     (3.49) $     (13.96)
         Accounting                   $   (300.00) $   (300.00) $   (300.00) $   (300.00) $ (1,200.00)
         Insurance                    $   (275.00) $   (275.00) $   (275.00) $   (275.00) $ (1,100.00)
         Food costs                   $ (9,028.80) $ (9,028.80) $ (9,028.80) $ (7,524.00) $ (34,610.40)
         Propane                      $   (100.00) $   (100.00) $   (100.00) $   (100.00) $    (400.00)
         Transportation               $   (900.00) $   (900.00) $   (900.00) $   (900.00) $ (3,600.00)
         B&O Taxes                    $   (492.48) $   (492.48) $   (492.48) $   (410.40) $ (1,887.84)
         Permitting/Licensing         $   (801.25) $   (801.25) $   (801.25) $   (801.25) $ (3,205.00)
Net Cash Flow from Operations         $ 14,283.98 $ 14,283.98 $ 14,283.98 $ 11,310.86 $ 54,162.80


Net Increase in Cash                  $ 13,076.02 $ 13,076.02 $ 13,076.02 $ 11,489.14 $      50,717.20




                                                              9 of 16
                                                                 B n' BBQ


                                        B n' BBQ Balance Sheet
                                                As of 12/31/2015
Assets                                                    Liabilities and Shareholders' Equity
Current Assets                                            Current Liabilities
Cash and Cash Equivelents       $   55,327.78                                                                     0
Inventories                     $         -              Total Current Liabilities                                0
Prepaid Expenses and Other      $       13.33
Total Current Assets            $   55,341.11            Shareholders Equity
                                                         Payment to owners                            $   42,424.08
Equipment at Cost                                        Retained Earnings                            $   20,000.00
Preparation Equipment           $    7,000.00
Serving Equipment               $    5,190.00            Total Shareholders' Equity                   $   62,424.08
Total Equpment, at cost         $   12,190.00

Less Accumulated Depreciation   $    5,107.03
Equipment net                   $    7,082.97

Total Assets                    $   62,424.08            Total Liabilities and Shareholders' Equity   $   62,424.08




                                                                 10 of 16
                                                                             B n' BBQ




                                                                  2016 Income Statement
                                                Quarter                                  1                2               3               4 Total
                                                Cash at Beginning of month   $   20,000.00 $     39,299.91 $     58,583.39 $     77,879.86

Revenue
Sales Revenue                                                                $   34,560.00 $     34,560.00 $     34,560.00 $     28,800.00 $        132,480.00
Total Revenue                                                                $   34,560.00 $     34,560.00 $     34,560.00 $     28,800.00 $        132,480.00

Cost of Goods Sold                                                           $   11,404.80   $   11,404.80   $   11,404.80   $    9,504.00   $       43,718.40
Transportation                                                               $      630.00   $      660.00   $      660.00   $      550.00   $        2,500.00
Total Cost of Sales                                                          $   12,034.80   $   12,064.80   $   12,064.80   $   10,054.00   $       46,218.40
Gross Profit                                                                 $   22,525.20   $   22,495.20   $   22,495.20   $   18,746.00   $       86,261.60
Expenses
Advertising
                              Newpaper Ad                                    $      375.00   $      375.00   $      375.00   $      375.00   $        1,500.00
         Print (Flyers, Business Cards, etc.)                                $      300.00   $      300.00   $      300.00   $      300.00   $        1,200.00
Depreciation (17%/yr)                                                        $      319.30   $      305.73   $      292.74   $      280.30   $        1,198.07
Accounting                                                                   $      300.00   $      300.00   $      300.00   $      300.00   $        1,200.00
Insurance                                                                    $      275.00   $      275.00   $      275.00   $      275.00   $        1,100.00
Food Handlers Permits                                                        $        4.74   $        4.74   $        4.74   $        4.74   $           18.96
Maintenance                                                                  $      450.00   $      450.00   $      450.00   $      450.00   $        1,800.00
Permitting/Licensing                                                         $      801.25   $      801.25   $      801.25   $      801.25   $        3,205.00
Storage Rent                                                                 $      400.00   $      400.00   $      400.00   $      400.00   $        1,600.00
Total Expenses                                                               $    3,225.29   $    3,211.72   $    3,198.73   $    3,186.29   $       12,822.03

Net Income Before Taxes                                                      $   19,299.91 $     19,283.48 $     19,296.47 $     15,559.71 $         73,439.57
B&O Taxes                                                                    $      596.16 $        596.16 $        596.16 $        596.16 $          2,384.64
Net Income from Continuing Operations                                        $   18,703.75 $     18,687.32 $     18,700.31 $     14,963.55 $         71,054.93




                                                                             11 of 16
                                                       B n' BBQ




        2016 Cash Flow Statement
         For the Year Ending             12/31/2016
         Cash at Beginning of Year   $    20,000.00

Operations
Cash receipts from customers         $   132,480.00
Cash paid for
          Advertising                $    (3,100.00)
          Storage Rent               $    (1,600.00)
          Food Handlers Permits      $       (18.96)
          Accounting                 $    (1,200.00)
          Insurance                  $    (1,100.00)
          Food costs                 $   (43,718.40)
          Propane                    $      (500.00)
          Transportation             $    (4,370.00)
          B&O Taxes                  $    (2,384.64)
          Permitting/Licensing       $    (3,305.00)
Net Cash Flow from Operations        $    71,183.00


Net Increase in Cash                 $    61,297.00




                                                       12 of 16
                                                                 B n' BBQ


                                        B n' BBQ Balance Sheet
                                                As of 12/31/2016
Assets                                                    Liabilities and Shareholders' Equity
Current Assets                                            Current Liabilities
Cash and Cash Equivelents       $   73,439.57                                                                     0
Inventories                     $         -              Total Current Liabilities                                0
Prepaid Expenses and Other      $       13.33
Total Current Assets            $   73,452.91            Shareholders Equity
                                                         Payment to owners                            $   59,337.81
Equipment at Cost                                        Retained Earnings                            $   20,000.00
Preparation Equipment           $    7,000.00
Serving Equipment               $    5,190.00            Total Shareholders' Equity                   $   79,337.81
Total Equpment, at cost         $   12,190.00

Less Accumulated Depreciation   $    6,305.10
Equipment net                   $    5,884.90

Total Assets                    $   79,337.81            Total Liabilities and Shareholders' Equity   $   79,337.81




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                                                                                 B n' BBQ




                                                                   2017 Income Statement
                                                Quarter                                  1                2               3               4 Total
                                                Cash at Beginning of month   $   20,000.00 $     41,250.43 $     62,512.26 $     83,785.01

Revenue
Sales Revenue                                                                $   37,440.00 $     37,440.00 $     37,440.00 $     31,200.00 $     143,520.00
Total Revenue                                                                $   37,440.00 $     37,440.00 $     37,440.00 $     31,200.00 $     143,520.00

Cost of Goods Sold                                                           $   12,355.20   $   12,355.20   $   12,355.20   $   10,296.00   $      47,361.60
Transportation                                                               $      660.00   $      660.00   $      660.00   $      550.00   $       2,530.00
Total Cost of Sales                                                          $   13,015.20   $   13,015.20   $   13,015.20   $   10,846.00   $      49,891.60
Gross Profit                                                                 $   24,424.80   $   24,424.80   $   24,424.80   $   20,354.00   $      93,628.40
Expenses
Advertising
                              Newpaper Ad                                    $      375.00   $      375.00   $      375.00   $      375.00   $       1,500.00
         Print (Flyers, Business Cards, etc.)                                $      300.00   $      300.00   $      300.00   $      300.00   $       1,200.00
Depreciation (17%/yr)                                                        $      268.38   $      256.98   $      246.06   $      235.60   $       1,007.01
Accounting                                                                   $      300.00   $      300.00   $      300.00   $      300.00   $       1,200.00
Insurance                                                                    $      275.00   $      275.00   $      275.00   $      275.00   $       1,100.00
Food Handlers Permits                                                        $        4.74   $        4.74   $        4.74   $        4.74   $          18.96
Maintenance                                                                  $      450.00   $      450.00   $      450.00   $      450.00   $       1,800.00
Permitting/Licensing                                                         $      801.25   $      801.25   $      801.25   $      801.25   $       3,205.00
Storage Rent                                                                 $      400.00   $      400.00   $      400.00   $      400.00   $       1,600.00
Total Expenses                                                               $    3,174.37   $    3,162.97   $    3,152.05   $    3,141.59   $      12,630.97

Net Income Before Taxes                                                      $   21,250.43 $     21,261.83 $     21,272.75 $     17,212.41 $        80,997.43
B&O Taxes                                                                            645.84          645.84          645.84          645.84           2583.36
Net Income from Continuing Operations                                        $   20,604.59 $     20,615.99 $     20,626.91 $     16,566.57 $        78,414.07




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                                                       B n' BBQ




        2017 Cash Flow Statement
         For the Year Ending             12/31/2018
         Cash at Beginning of Year   $    20,000.00

Operations
Cash receipts from customers         $   143,520.00
Cash paid for
          Advertising                $    (3,100.00)
          Storage Rent               $    (1,600.00)
          Food Handlers Permits      $       (18.96)
          Accounting                 $    (1,200.00)
          Insurance                  $    (1,100.00)
          Food costs                 $   (47,361.60)
          Propane                    $      (500.00)
          Transportation             $    (4,370.00)
          B&O Taxes                  $    (2,583.36)
          Permitting/Licensing       $    (3,305.00)
Net Cash Flow from Operations        $    78,381.08


Net Increase in Cash                 $    65,138.92




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                                                                  B n' BBQ


                                    B n' BBQ Balance Sheet
                                         As of 12/31/2017
Assets                                                      Liabilities and Shareholders' Equity
Current Assets                                              Current Liabilities
Cash and Cash Equivelents       $    100,997.43                                                                       0
Inventories                     $           -               Total Current Liabilities                                 0
Prepaid Expenses and Other      $         13.33
Total Current Assets            $    101,010.76             Shareholders Equity
                                                            Payment to owners                            $    85,888.65
Equipment at Cost                                           Retained Earnings                            $    20,000.00
Preparation Equipment           $      7,000.00
Serving Equipment               $      5,190.00             Total Shareholders' Equity                   $   105,888.65
Total Equpment, at cost         $     12,190.00

Less Accumulated Depreciation   $      7,312.11
Equipment net                   $      4,877.89

Total Assets                    $    105,888.65             Total Liabilities and Shareholders' Equity   $   105,888.65




                                                                  16 of 16

								
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