Restaurant Income Statement Forecast

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					[RESTAURANT NAME]
                                                            Income Statement Forecast
                                                                 [FORECAST DATE]

                                             Current
                                             [Start Date] to [End Date]

REVENUES
 Bar Sales                                   $                      -
 Catering Sales                              $                      -
 Food Sales                                  $                      -
 Interest Income                             $                      -
 Other Revenue                               $                      -
TOTAL REVENUES                               $                      -

COSTS
 Bar Purchases                               $                      -
 Food Purchases                              $                      -
 Merchant Account Fees                       $                      -
 Restaurant Supplies                         $                      -
 Labor Costs                                 $                      -
 Other Costs                                 $                      -
TOTAL COSTS                                  $                      -

GROSS PROFIT (LOSS)                          $                      -

GENERAL & ADMINISTRATIVE EXPENSES
 Advertising and Promotion                   $                      -
 Automobile Expense                          $                      -
 Bank Service Charges                        $                      -
 Business Licenses and Permits               $                      -
 Charitable Contributions                    $                      -
 Computer and Internet Expenses              $                      -
 Continuing Education                        $                      -
 Depreciation Expense                        $                      -
 Dues and Subscriptions                      $                      -
 Insurance Expense                           $                      -
 Interest Expense                            $                      -
 Meals and Entertainment                     $                      -
 Miscellaneous Expense                       $                      -
 Office Supplies                             $                      -
 Payroll Expenses                            $                      -
 Postage and Delivery                        $                      -
 Printing and Reproduction                   $                      -
 Professional Services - Legal, Accounting   $                      -
 Rent Expense                                $                      -
 Subcontractor                               $                      -
 Telephone Expense     $   -
 Travel Expense        $   -
 Utilities             $   -
 Website Development   $   -
 Other Expenses        $   -
TOTAL G&A EXPENSES     $   -

NET INCOME (LOSS)      $   -
AURANT NAME]
tatement Forecast
RECAST DATE]

          Forecast
          [Start Date] to [End Date]
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  1) An Income Statement, also called a Profit-Loss Statement, is an important basic financial template th
  determine how much revenues, costs, gross profit, general and administrative expenses, and net income
  any specific period of time.

  2) It is important to have a written income statement to help a company track its profits and losses at
  time. Also, it can help a company obtain investing or loans.

  3) The example provided is based on a fictional restaurant named "Lucy's Steakhouse" and summarizes
  and forecasts financials for the next year.

  4) Lucy's Steakhouse operated at a gross profit of over $70,000 during this year and forecasts they will
  of under $115,000 next year. Once the general and administrative expenses are deducted, Lucy's Steakh
  income of over $5,000 and forecasts they will have a net profit of over $15,000 next year.

                                                          Lucy's Steakhouse
                                                      Income Statement Forecast
                                                              25-Apr-14

                                        Current
                                        04/25/2013 to 04/25/2014

REVENUES
 Bar Sales                              $               55,000.00
 Catering Sales                         $               25,000.00
 Food Sales                             $              152,000.00
 Interest Income                        $                2,000.00
 Other Revenue                          $                  255.00
TOTAL REVENUES                          $              234,255.00

COSTS
 Bar Purchases                          $               18,500.00
 Food Purchases                         $               65,000.00
 Merchant Account Fees                  $                1,400.00
 Restaurant Supplies                    $                8,400.00
 Labor Costs                            $               68,000.00
 Other Costs                            $                2,000.00
TOTAL COSTS                             $              163,300.00

GROSS PROFIT (LOSS)                     $               70,955.00

GENERAL & ADMINISTRATIVE EXPENSES
 Advertising and Promotion              $               10,000.00
 Automobile Expense                     $                2,000.00
 Bank Service Charges                   $                1,200.00
 Business Licenses and Permits          $                1,000.00
 Charitable Contributions               $                2,500.00
 Computer and Internet Expenses         $                2,100.00
 Continuing Education                   $                1,500.00
 Depreciation Expense                   $                  500.00
 Dues and Subscriptions                 $                  750.00
 Insurance Expense                           $    5,500.00
 Interest Expense                            $    2,000.00
 Meals and Entertainment                     $    2,000.00
 Miscellaneous Expense                       $    1,500.00
 Office Supplies                             $    2,000.00
 Payroll Expenses                            $    1,200.00
 Postage and Delivery                        $      400.00
 Printing and Reproduction                   $      500.00
 Professional Services - Legal, Accounting   $    2,000.00
 Rent Expense                                $   20,000.00
 Subcontractor                               $      500.00
 Telephone Expense                           $    2,000.00
 Travel Expense                              $      850.00
 Utilities                                   $    2,000.00
 Website Development                         $    1,200.00
 Other Expenses                              $      250.00
TOTAL G&A EXPENSES                           $   65,450.00

NET INCOME (LOSS)                            $    5,505.00
 is an important basic financial template that helps a company
nd administrative expenses, and net income a company has for


p a company track its profits and losses at any given point in


amed "Lucy's Steakhouse" and summarizes the current year


 00 during this year and forecasts they will have a gross profit
 ative expenses are deducted, Lucy's Steakhouse had a net
ofit of over $15,000 next year.

's Steakhouse
tatement Forecast
25-Apr-14

           Forecast
           04/25/2014 to 04/25/2016


           $                65,000.00
           $                40,000.00
           $               220,000.00
           $                 2,400.00
           $                   450.00
           $               327,850.00



           $                22,000.00
           $                90,000.00
           $                 1,200.00
           $                11,000.00
           $                88,000.00
           $                 1,500.00
           $               213,700.00

           $               114,150.00



           $                15,000.00
           $                 3,200.00
           $                 1,450.00
           $                 1,250.00
           $                 4,200.00
           $                 3,300.00
           $                 2,500.00
           $                   950.00
           $                   850.00
$    8,750.00
$    3,500.00
$    3,100.00
$    2,250.00
$    3,250.00
$    2,450.00
$      650.00
$      850.00
$    3,250.00
$   25,000.00
$    2,000.00
$    3,500.00
$    2,150.00
$    2,750.00
$    1,750.00
$      800.00
$   98,700.00

$   15,450.00
				
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Description: An income statement, also known as a profit and loss statement, is a financial statement that summarizes a company's revenues and expenses during a specified period of time. This template allows a restaurant to record its current operating performance and compare it to projected performance levels for a future period of time. Companies should analyze market and economic trends in order to most accurately predict future profitability levels. This document is similar to the Income Statement Pro Forma, but this statement only projects one future period as opposed to five future years. An income statement allows managers to see a company's net income (the bottom line) once costs, expenses, and taxes have been taken out of revenues (top line).
This document is also part of a package Food and Beverage Business Templates 8 Documents Included