Financial Model - 3-Statement Analysis

Base Case Revenue (2028)

$2.77M

5Y CAGR: 4.2%

Base Case EBITDA (2028)

$438.2K

Margin: 15.8%

Base Case Net Income (2028)

$297.4K

Margin: 10.7%

5Y Total FCF (Base)

$1.35M

Cumulative

Ending Cash (2028)

$1.32M

Base Case

Year 5 Revenue $2.77M

Year 5 EBITDA $438.2K

EBITDA Margin 15.8%

Year 5 Net Income $297.4K

Net Margin 10.7%

5Y Total Net Income $1.27M

5Y Total FCF $1.35M

Upside Case

Year 5 Revenue $3.47M

Year 5 EBITDA $698.9K

EBITDA Margin 20.1%

Year 5 Net Income $474.7K

Net Margin 13.7%

5Y Total Net Income $1.81M

5Y Total FCF $1.78M

Downside Case

Year 5 Revenue $2.40M

Year 5 EBITDA $253.5K

EBITDA Margin 10.6%

Year 5 Net Income $163.7K

Net Margin 6.8%

5Y Total Net Income $627.5K

5Y Total FCF $743.3K

Income Statement Projection - Base Case

Metric	2024	2025	2026	2027	2028
Revenue	$2.35M	$2.47M	$2.58M	$2.68M	$2.77M
COGS	$950.9K	$986.1K	$1.02M	$1.04M	$1.08M
Gross Profit	$1.40M	$1.48M	$1.56M	$1.63M	$1.69M
Total OpEx	$1.10M	$1.13M	$1.18M	$1.21M	$1.25M
EBITDA	$301.3K	$345.4K	$377.3K	$421.8K	$438.2K
Net Income	$198.3K	$230.3K	$253.8K	$285.3K	$297.4K
Gross Margin %	59.5%	60.0%	60.5%	61.0%	61.0%
EBITDA Margin %	12.8%	14.0%	14.6%	15.7%	15.8%
Net Margin %	8.4%	9.3%	9.9%	10.6%	10.7%

Key Financial Ratios - Base Case (2028)

Gross Margin

61.0%

EBITDA Margin

15.8%

Net Margin

10.7%

Prime Cost %

66.0%

Current Ratio

32.86x

Quick Ratio

32.36x

Debt to Equity

0.03x

Interest Coverage

236.1x

ROE

20.7%

Key Assumptions - Base Case

Assumption	2024	2025	2026	2027	2028
Revenue Growth	6.0%	5.0%	4.5%	4.0%	3.5%
Food Cost %	31.5%	31.0%	31.0%	30.5%	30.5%
Labor Cost %	28.0%	27.5%	27.5%	27.0%	27.0%
CapEx	$25.0K	$20.0K	$15.0K	$30.0K	$15.0K

Financial Model Report

Income Statement Projection - Base Case

Key Financial Ratios - Base Case (2028)

Key Assumptions - Base Case