Caribe entertainment powerpoint week 6

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Transcript of Caribe entertainment powerpoint week 6

  • 1.


  • The Lack ofa non smoke & non alcoholic loungefor
  • Young Musiciansto showcase their talent

It would be great to have a place where my son can go and play with his band where its smoke free.My son played at a night club and I couldnt fully enjoy it because of the smoke environment . (Academic/Music Program Director and Mother of a Local Musician) 3.

  • Lounge atmosphere conducive to Youth


  • Non alcoholic Teen nightclub
  • Prominent in the Last Twenty Years
  • Provide kids with a safe place to go and have fun
  • Provide the community with a business that caters to
  • the youth of the community
  • 7 year old nightclub changed to target teens has Less Violence
  • Lt. Jim Henry of the Springfield Police Department. When you remove alcohol from a situation, it tends to alleviate a lot of problems. When they served alcohol, we were out there every weekend.


  • Teens 13 20 and Young Adults 21 30
  • 2009 Pinellas County estimated Population by Age
  • 2009 Total Pop 0-19184,422 19.9%
  • 2009 Total Pop 20-2996,358 10.4% 6.

  • Club Fuze (Tampa, FL)
  • Targets Teens under 20, Solution Non Alcoholic nightclub,
  • Cover Charge $7, Advertise on Web, Weakness too Sensual for teens
  • Club 3 Degrees (Minneapolis, MN)-
  • Targets Christians Teens and Young Adults, Solution Non Alcoholic nightclub, Concert Cover charge/tickets price range General $12 -VIP $50, Weakness not located in FL
  • Zero Gravity (Naperville, IL)
  • Targets Teens 16 23, Solution Non Alcoholic nightclub, Cover Charge $10, Weakness too Sensual, not local


  • Caribe Entertainment is a service and product company
  • Providing a clean family friendly Caribbean theme atmosphere
  • (Free) Wi-Fi internet access on a weekly basis
  • Live music entertainment on the weekend nights (small cover charge)
  • Professional DJ, high quality sound and lighting, laser show, dance floor
  • (Rental) Facility available for:
  • Corporate Events,
  • Private Partys
  • Birthday Party
  • Products we serve are:
  • Soft drinks,
  • Non-alcoholic specialty frozen fruit drinks,
  • Specialty coffees,
  • Variety of Pastries and appetizers (specialtyCaribbean style items)

8. Start-up Requirements Start-up Expenses Legal $270Stationery etc. $1,199Insurance $4,899Rent $2,500Computer/Office Supply $5,000Logo Design/Website Design $1,199Payroll $37,500Pre-Opening Marketing $5,750Consultants $1,500Total Start-up Expenses $59,817Start-up Assets Cash Required $65,000Start-up Inventory $2,500Other Current Assets $10,000Long-term Assets $104,000Total Assets $181,500Total Requirements $241,317 9. Sales Forecast 2011 2012 2013 Unit Sales Drinks 5,0005,1005,253Food 5,0005,1005,253Booking Parties (corp, private, birthday's) 384042Concerts/Cover Charge 6,0506,1506,300Total Unit Sales 16,08816,39016,848Unit Prices 2011 2012 2013 Drinks $3.85$3.85$3.85Food $6.25$6.25$6.25Booking Parties (corp, private, birthday's) $1,500.00$1,500.00$1,500.00Concerts/Cover Charge $10.00$10.00$10.00Sales Drinks $19,250$19,635$20,224Food $31,250$31,875$32,831Booking Parties (corp, private, birthday's) $56,575$60,000$63,000Concerts/Cover Charge $60,500$61,500$63,000Total Sales $167,575$173,010$179,055Direct Unit Costs 2011 2012 2013 Drinks $0.96$0.96$0.96Food $1.56$1.56$1.56Booking Parties (corp, private, birthday's) $375.00$375.00$375.00Concerts/Cover Charge $2.50$2.50$2.50Direct Cost of Sales Drinks $4,813$4,909$5,056Food $7,813$7,969$8,208Booking Parties (corp, private, birthday's) $14,144$15,000$15,750Concerts/Cover Charge $15,125$15,375$15,750Subtotal Direct Cost of Sales $41,894$43,253$44,764 10. Pro Forma Cash Flow 2011 2012 2013 Cash Received Cash from Operations Cash Sales $167,575$173,010$179,055Subtotal Cash from Operations $167,575$173,010$179,055Additional Cash Received Sales Tax, VAT, HST/GST Received $117$121$125New Current Borrowing $0$3,000$2,500New Other Liabilities (interest-free) $0$0$0New Long-term Liabilities $0$0$0Sales of Other Current Assets $0$0$0Sales of Long-term Assets $0$0$0New Investment Received $0$5,000$5,000Subtotal Cash Received $167,692$181,131$186,681Expenditures 2011 2012 2013 Expenditures from Operations Cash Spending $49,992$51,491$53,034Bill Payments $107,390$118,751$120,049Subtotal Spent on Operations $157,382$170,242$173,083Additional Cash Spent Sales Tax, VAT, HST/GST Paid Out $117$121$125Principal Repayment of Current Borrowing $0$0$0Other Liabilities Principal Repayment $10,440$10,440$10,440Long-term Liabilities Principal Repayment $0$0$0Purchase Other Current Assets $0$0$0Purchase Long-term Assets $0$0$0Dividends $0$0$0Subtotal Cash Spent $167,939$180,803$183,649Net Cash Flow ($247) $328$3,032Cash Balance $64,753$65,082$68,113 11. Pro Forma Balance Sheet 2011 2012 2013 Assets Current Assets Cash $64,753$65,082$68,113Inventory $4,531$3,721$3,861Other Current Assets $10,000$10,000$10,000Total Current Assets $79,284$78,803$81,974Long-term Assets Long-term Assets $104,000$104,000$104,000Accumulated Depreciation $0$0$0Total Long-term Assets $104,000$104,000$104,000Total Assets $183,284$182,803$185,974Liabilities and Capital 2011 2012 2013 Current Liabilities Accounts Payable $11,854$9,573$9,893Current Borrowing $25,000$28,000$30,500Other Current Liabilities ($10,440) ($20,880) ($31,320) Subtotal Current Liabilities $26,414$16,693$9,073Long-term Liabilities $87,000$87,000$87,000Total Liabilities $113,414$103,693$96,073Paid-in Capital $129,317$134,317$139,317Retained Earnings ($59,817) ($59,447) ($55,207) Earnings $370$4,240$5,791Total Capital $69,870$79,110$89,901Total Liabilities and Capital $183,284$182,803$185,974Net Worth $69,870$79,110$89,901 12. Ratio Analysis 2011 2012 2013 Industry Profile Sales Growth n.a. 3.24%3.49%1.65%Percent of Total Assets Inventory 2.47%2.04%2.08%6.34%Other Current Assets 5.46%5.47%5.38%43.25%Total Current Assets 43.26%43.11%44.08%53.12%Long-term Assets 56.74%56.89%55.92%46.88%Total Assets 100.00%100.00%100.00%100.00%Current Liabilities 14.41%9.13%4.88%25.40%Long-term Liabilities 47.47%47.59%46.78%73.91%Total Liabilities 61.88%56.72%51.66%99.31%Net Worth 38.12%43.28%48.34%0.69%Percent of Sales Sales 100.00%100.00%100.00%100.00%Gross Margin 75.00%75.00%75.00%58.06%Selling, General & Administrative Expenses 74.78%72.55%71.77%23.02%Advertising Expenses 5.73%3.76%3.91%1.74%Profit Before Interest and Taxes 7.00%10.06%11.11%6.52%Main Ratios Current 3.004.729.031.25Quick 2.834.508.611.00Total Debt to Total Assets 61.88%56.72%51.66%99.31%Pre-tax Return on Net Worth 0.76%7.66%9.20%4325.19%Pre-tax Return on Assets 0.29%3.31%4.45%29.65%Additional Ratios 2011 2012 2013 Net Profit Margin 0.22%2.45%3.23%n.a Return on Equity 0.53%5.36%6.44%n.a Activity Ratios Inventory Turnover 12.0010.4811.81n.a Accounts Payable Turnover 10.0612.1712.17n.a Payment Days 273430n.a Total Asset Turnover 0.910.950.96n.a Debt Ratios Debt to Net Worth 1.621.311.07n.a Current Liab. to Liab. Liquidity Ratios Net Working Capital $52,870$62,110$72,901n.a Interest Coverage 1.051.531.71n.a Additional Ratios Assets to Sales Current Debt/Total Assets 14%9%5%n.a Acid Test2.834.508.61n.a Sales/Net Worth 2.402.191.99n.a Dividend Payout