The Year of Living Dangerously

How one restaurant persevered through the crucial first 12 months in business

fluff will make the business. But it’s a business first, and you’ve got to be lucky enough to have the right food and the right service to take care of the restaurant part. But you have to come into it understanding the business aspect, the food, and the service aspects. If you don’t have all those in line, and if those aren’t really working together, you’re going to run into trouble.”

CASH FLOW STATEMENT

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CURRENT MONTH

YEAR-TO-DATE

Cash flows from operating activities:
Net Income <$3,716.07> <$20,841.77>
Adjustments to reconcile net income with net cash provided by operating activities:
Accumulated Depreciation $678.79 $2,715.16
Credit Card Clearing Account 0.00 0.00
Inventory 0.00 0.00
Sales Tax Payable 2,788.83 5,140.71
Accounts Payable <3,780.82> 0.00
Wages Payable 6,202.49 6,202.49
Note Payable 10,000.00 10,000.00
Total Adjustments $15,889.29 $24,058.36
Net cash provided by operations $12,173.22 $3,216.59
Cash flows from investing activities
Used for:
Renovations in progress <$16,143.35> <$16,143.35>
Machinery and Equipment 0.00 <1,320.00>
Net cash used in investing <$16,143.35> <$17,463.35>
Cash flows from financing activities
Proceeds from:
Partners Capital $0.00 $ 0.00
Capital Contributions 0.00 8,259.72
Beginning Balance Equity 0.00 0.00
Used for:    
Partner Capital 0.00 0.00
Capital Contributors 0.00 <5,000.00>
Beginning balance equity 0.00 0.00
Net cash used in financing $0.00 $3,259.72
Net increase <decrease> in cash <$3,970.13> <$10,987.04>
Summary
Cash end of period $210,590.31 $210,590.31
Cash begining of period <$205,555.75> <$221,577.35>
Net Increase <decrease> in cash $5,034.56 $10,978.04

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BALANCE SHEET

ASSETS
Current Assets
Bank of America $ 5,534.56  
Enron Cash Fund 205,055.75  
Inventory 2,500.00  
Total Current Assets   $213,090.31
Property and Equipment
Leasehold Improvements $22,150.00  
Renovations in Progress 16,143.35  
Machinery and Equipment 79,345.00  
Accumulated Depreciation <27,153.82>  
Total Property and Equipment   $90,484.53
Other Assets    
Deposits $1,180.00  
Total Other Assets   $1,180.00
Total Assets   $304,754.84
LIABLITIES AND CAPITAL
Current Liabilities
Sales Tax Payable $18,041.37  
Wages Payable 6,202.49  
Note Payable 10,000.00  
Total Current Liabilities   $34,243.86
Long-term Liabilities    
Total Long-term Liabilities $0.00
Total Liabilities   $34,243.86
Capital
Partner’s,

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