Cranbrook Loans

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Branch Management Profit and Loss Example

Here is a sample Profit and Loss of a Branch.    To Apply for a Branch management opportunity click here.

ASSUMPTIONS
Personal Production Percentage 60% 55% 50%
Loans Closed Annually 75 103 123
Average Loan Size 150,000 154,500 159,135
Loan Amount Prouction Annual $11,250,000 $15,874,875 $19,621,346
Branch Comp Model 2.75% 2.75% 2.75%
Gross Revenues $309,375 $436,559 $539,587
PRO FORMA PROFIT AND LOSS YEAR 1 YEAR 2 YEAR 3
Sales/Commissions $247,500 $349,247 $431,670
Other Income $22,275 $31,432 $38,850
Direct Cost of Sales $0 $0 $0
Other Production Expenses $0 $0 $0
TOTAL COST OF SALES $0 $0 $0
Gross Margin $269,775 $380,680 $470,520
Gross Margin % 100.00% 100.00% 100.00%
Expenses
Payroll 148,500 209,548 259,002
Sales and Marketing and Other Expenses 7,800 13,000 19,000
Depreciation 0 0 0
Leased Equipment 200 0 0
Utilities 2,400 2,400 2,400
Insurance 2,400 2,400 2,400
Rent 36,000 36,000 36,000
Payroll Taxes 14,850 20,955 25,900
Other 0 0 0
Total Operating Expenses 212,150 284,303 344,702
Profit Before Interest and Taxes 57,625 96,376 125,818
EBITDA 57,625 96,376 125,818
Interest Expense 2,950 2,550 2,250
Taxes Incurred 8,644 14,456 18,873
Net Profit 46,031 79,370 104,695
Net Profit/Sales 17.06% 20.85% 22.25%
Personal Production Income 89,100 115,252 129,501
Total Income $135,131 $194,621 $234,196
PRO FORMA CASH FLOW YEAR 1 YEAR 2 YEAR 3
Cash Received
Cash from Loan Origination $247,500 $349,247 $431,670
Cash Co-brokerage $9,900 $13,970 $17,267
Cash from Profit Sharing $12,375 $17,462 $21,583
SUBTOTAL CASH FROM OPERATIONS $269,775 $380,680 $470,520
Additional Cash Received
New Current Borrowing $4,500 $0 $0
New Other Liabilities (interest-free) $0 $0 $0
New Long-term Liabilities $0 $0 $0
Sales of Other Current Assets $0 $0 $0
Sales of Long-term Assets $0 $0 $0
New Investment Received $12,000 $0 $0
SUBTOTAL CASH RECEIVED $286,275 $380,680 $470,520
     Expenditures
Expenditures from Operations
Cash Spending $148,500 $209,548 $259,002
Bill Payments $63,650 $74,755 $85,700
SUBTOTAL SPENT ON OPERATIONS $212,150 $284,303 $344,702
Additional Cash Spent
Sales Tax, Paid Out $0 $0 $0
Principal Repayment of Current Borrowing $4,500 $0 $0
Other Liabilities Principal Repayment $0 $0 $0
Long-term Liabilities Principal Repayment $3,000 $3,000 $3,000
Purchase Other Current Assets $0 $0 $0
Purchase Long-term Assets $0 $0 $0
Dividends $0 $0 $0
SUBTOTAL CASH SPENT $219,650 $287,303 $347,702
Net Cash Flow $66,625 $93,376 $122,818
Cash Balance $66,625 $160,001 $282,819
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