Halesford Harbour LLC Profit & Loss Budget Overview January through December 2017

Size: px

Start display at page:

Download "Halesford Harbour LLC Profit & Loss Budget Overview January through December 2017"

Eugene Austin
6 years ago
Views:

1 Jan - Dec 17 Ordinary Income/Expense Income RV Park Revenue 2018 Pro-forma RV Long-Term Rent 560, , Paid in full Discount -3, (3,800.00) RV Short-Term Rent RV Misc. Income 6, , RV Sales Commissions 22, , Propane Revenues Total RV Park Revenue 584, , Marina Income + Restaurant Slip Leases 193, , Boat Storage Paid in full Discount - Marine Marina Misc. Income Total Marina Income 193, , Motel Revenue Motel Income 415, , Gift shop sales Total Motel Revenue 415, , Vending Machine Income Gas and Boat Rental Lease 49, , Flex Building lease 24, , Golf cart rentals 3, , Laundromat 4, , Vendor Discount Patronage Fee Total 81, , Total Income 1,273, ,306, Gross Profit 1,273, ,306, Expense 6000 Utilities Electricity 23, , Propane 2, , Water and Sewer 22, , Internet/WiFi 9, , Telephone/Cellphones 7, , Heating Oil Total 6000 Utilities 67, , Repairs and Maintenance Landscaping 22, , Page 1 of 9

2 Jan - Dec Pro-forma Building 5, , Electric, Water & Sewer Repairs 9, , Equipment Repairs 17, , Roads and Parking Repairs 6, , Sign Expense Marina 2, , Outdoor Structures 2, , Fuel exp. 5, , Snow Removal/Road Salt Total 6100 Repairs and Maintenance 71, , Insurance General 32, , Health 14, , Workers Comp. 5, , Total 6200 Insurance 51, , Marketing Advertising 6, , Signs Website Design/Hosting 2, , Promotional Items 1, , Expos/Shows Total 6210 Marketing 9, , Donations & Contributions 1, , Penalties & late fees Bank Service/Credit Card Fees 12, , Direct Deposit Fees Professional Fees Accounting 14, , Engineering/Design Legal Total 6240 Professional Fees 14, , Taxes Personal Property Taxes 2, , Real Estate Taxes 30, , Bedford County Occupancy Tax 17, , Virginia Sales Tax 18, , Total 6250 Taxes 68, , Supplies and Services 6230 Office Supplies 4, , Recreation Amenities 12, , Linen 2, , Other Supplies Supplies - Motel 22, , Supplies - RV 5, , Total 6260 Supplies and Services 48, , Page 2 of 9

3 Jan - Dec Contractual Services 2018 Pro-forma Direct TV 3, , Pest Control 2, , Reservations System/Inn Roads 3, , Trash Removal 11, , Inspections Total 6270 Contractual Services 21, , Permits 2, , Equipment/Furnishings 2, , Meals & Entertainment 2, , Gross Wages 182, , Incentive Bonus Wages 18, , XMAS Bonus 5, , Payroll Tax Expense Employer's FICA & Medicare Exp. 19, , SUTA Expense 1, , FUTA Expense Payroll Tax Expense - Other Total 6320 Payroll Tax Expense 21, , Interest Exp.-other G/A Allocation Shop Allocation Total Expense 600, , Net Ordinary Income 673, , /Expense 7000 Interest Income Total Other Expense 6301 General Manager pay allocation 74, Interest Exp-Union Bank 54, Interest Exp-Bank of Fincastle 25, Amortization Expense 6, Depreciation Expense 114, Total Other Expense 274, Net -273, Net Income 400, Page 3 of 9

4 Ordinary Income/Expense Income RV Park Revenue RV Long-Term Rent Paid in full Discount RV Short-Term Rent RV Misc. Income RV Sales Commissions Propane Revenues Total RV Park Revenue Assumes $50 per unit increase. Marina Income + Restaurant Slip Leases Boat Storage Paid in full Discount - Marine Marina Misc. Income Total Marina Income Motel Revenue Motel Income Gift shop sales Total Motel Revenue Assumes $21,000 income from new dock, but 4085 Vending Machine Income Gas and Boat Rental Lease Flex Building lease 4080 Golf cart rentals Laundromat 4060 Vendor Discount 4070 Patronage Fee Total Total Income Gross Profit Expense 6000 Utilities Electricity Propane Water and Sewer Internet/WiFi Telephone/Cellphones Heating Oil Total 6000 Utilities 6100 Repairs and Maintenance Landscaping Page 4 of 9

5 Building Electric, Water & Sewer Repairs Equipment Repairs Roads and Parking Repairs Sign Expense Marina Outdoor Structures Fuel exp Snow Removal/Road Salt Total 6100 Repairs and Maintenance 6200 Insurance General Health Workers Comp. Total 6200 Insurance 6210 Marketing Advertising Signs Website Design/Hosting Promotional Items Expos/Shows Total 6210 Marketing 6215 Donations & Contributions 6218 Penalties & late fees 6220 Bank Service/Credit Card Fees 6225 Direct Deposit Fees 6240 Professional Fees Accounting Engineering/Design Legal Total 6240 Professional Fees 6250 Taxes Personal Property Taxes Real Estate Taxes Bedford County Occupancy Tax Virginia Sales Tax Total 6250 Taxes 6260 Supplies and Services 6230 Office Supplies Recreation Amenities Linen Other Supplies Supplies - Motel Supplies - RV Total 6260 Supplies and Services Most of this tax is from the Hotel Most of this tax is from the Hotel Page 5 of 9

6 6270 Contractual Services Direct TV Pest Control Reservations System/Inn Roads Trash Removal Inspections Total 6270 Contractual Services 6255 Permits 6265 Equipment/Furnishings 6280 Meals & Entertainment 6300 Gross Wages 6305 Incentive Bonus Wages 6310 XMAS Bonus 6320 Payroll Tax Expense Employer's FICA & Medicare Exp. SUTA Expense FUTA Expense 6320 Payroll Tax Expense - Other Total 6320 Payroll Tax Expense 7060 Interest Exp.-other 8070 G/A Allocation 8600 Shop Allocation Total Expense Net Ordinary Income /Expense 7000 Interest Income Total Other Expense 6301 General Manager pay allocation 7055 Interest Exp-Union Bank 7050 Interest Exp-Bank of Fincastle 8500 Amortization Expense 8400 Depreciation Expense Total Other Expense Net Net Income Page 6 of 9

7 Ordinary Income/Expense Income RV Park Revenue RV Long-Term Rent Paid in full Discount RV Short-Term Rent RV Misc. Income RV Sales Commissions Propane Revenues Total RV Park Revenue Marina Income + Restaurant Slip Leases Boat Storage Paid in full Discount - Marine Marina Misc. Income Total Marina Income Motel Revenue Motel Income Gift shop sales Total Motel Revenue not guaranteed Vending Machine Income Gas and Boat Rental Lease Flex Building lease 4080 Golf cart rentals Laundromat 4060 Vendor Discount 4070 Patronage Fee Total Total Income Gross Profit Expense 6000 Utilities Electricity Propane Water and Sewer Internet/WiFi Telephone/Cellphones Heating Oil Total 6000 Utilities 6100 Repairs and Maintenance Landscaping Page 7 of 9

8 Building Electric, Water & Sewer Repairs Equipment Repairs Roads and Parking Repairs Sign Expense Marina Outdoor Structures Fuel exp Snow Removal/Road Salt Total 6100 Repairs and Maintenance 6200 Insurance General Health Workers Comp. Total 6200 Insurance 6210 Marketing Advertising Signs Website Design/Hosting Promotional Items Expos/Shows Total 6210 Marketing 6215 Donations & Contributions 6218 Penalties & late fees 6220 Bank Service/Credit Card Fees 6225 Direct Deposit Fees 6240 Professional Fees Accounting Engineering/Design Legal Total 6240 Professional Fees 6250 Taxes Personal Property Taxes Real Estate Taxes Bedford County Occupancy Tax Virginia Sales Tax Total 6250 Taxes 6260 Supplies and Services 6230 Office Supplies Recreation Amenities Linen Other Supplies Supplies - Motel Supplies - RV Total 6260 Supplies and Services Page 8 of 9

9 6270 Contractual Services Direct TV Pest Control Reservations System/Inn Roads Trash Removal Inspections Total 6270 Contractual Services 6255 Permits 6265 Equipment/Furnishings 6280 Meals & Entertainment 6300 Gross Wages 6305 Incentive Bonus Wages 6310 XMAS Bonus 6320 Payroll Tax Expense Employer's FICA & Medicare Exp. SUTA Expense FUTA Expense 6320 Payroll Tax Expense - Other Total 6320 Payroll Tax Expense 7060 Interest Exp.-other 8070 G/A Allocation 8600 Shop Allocation Total Expense Net Ordinary Income /Expense 7000 Interest Income Total Other Expense 6301 General Manager pay allocation 7055 Interest Exp-Union Bank 7050 Interest Exp-Bank of Fincastle 8500 Amortization Expense 8400 Depreciation Expense Total Other Expense Net Net Income Page 9 of 9

Experience Exchange Report

Experience Exchange Report Proximity Occupancy Summary - 2010 Occupancy Info. # Blds Avg SQFT per Office Tenant 14 5,857.75 SQFT per Retail Tenant SQFT per Office Worker 11 347.85 SQFT per Maintenance Staff 8 47,370.20 Office Occupancy