Poulsbo Packet 3.28.23 v. 1

Evergreen Goodwill of Northwest Washington Poulsbo 1/1/2024

4

10

Year

Year

Year

Year

Year

Year

Year

Year

Year

Year

Cashflow Analysis:

Net Income Add Back Straightline GAAP Rent Add Back Pre-Openning Add Back Interest Add Back Depreciation Less Loan Payments Less FutureCapital Expenditures

(736,385) 34,973 171,874

(277,858)

75,666 34,973

425,573 34,973

771,687 34,973

775,454

793,495

810,604

826,682

841,619

34,973

(6,995)

(6,995)

(6,995)

(6,995)

(6,995)

295,343

295,343

295,343

295,343

295,343

295,343

295,343

295,343

295,343

295,343

(89,866)

(58,196)

(344,365)

(98,199)

(107,305)

NetCashflow CummulativeCashflow

52,459

405,982 224,247

(234,194) (234,194)

666,024 890,270

1,102,004 1,992,274

1,005,608 2,997,882

983,644

754,588

1,115,030 5,851,145

1,022,663 6,873,808

(181,736)

4,736,114

3,981,526

Summary of Initial Investment

Internal Rate of Return (ie: that discount rate that yeilds a zero net present value)

25.05%

Tenant Improvements

1,810,000

Equipment Soft Costs Subtotal Before Pre-Opening Retail Labor (4 weeks) Production Labor (5 weeks) Retail Mgmt Labor (1 extra week) Taxes/Benefits@ 20%

1,145,000

Net Present Value@5%

13,770,769

2,955,000

15,299 29,569

1,885 4,675

Rent ( 0 months) NNN (4 months) Utilities Grand Opening Advertising Legal Recruiting

41,968 3,000 20,000 15,000 2,500 10,000

Pre-Opening Supplies Security Deposit

27,979 Update depending on whether or not there is a security deposit

Total Pre-Opening

171,874

Grand Total

3,126,874