INSTRUCTION FOR CONSTRUCTION OF YOUR SPREADSHEET: The assumptions you make in the green highlighted dashboa

drive all of the numbers you compute in the blue highlighted parts of this spreadsheet. I show an example assumption abo
# of express guests in cells B4 and C4. Expand the assumptions area as much as you need to capture all of your assumption
Executives only want models that have a dashboard & execs will not accept models thta require them to find hard coded n
of the assumptions block. Reason: Executives have no time to dive into your spreadheets.

Dashboard of assumptions
Projected - Average # Express Guests 140000

Notes
projected open - Halfway through 2020, (6/12) revenue first year

Expected Outcome of Operational Change

# of Cracker Barrel Express locations introduced:
Revenues
Cracker Barrel Express Revenue

Total Revenues
COGS
Food costs

Gross Profit
Operating Expenses
Labor
SG&A
Commission fees
Startup Costs (less CAPEX)
D&A
Total

EBIT

Capital Expenditures
Kitchen & Cooking Equipment

Working calculations
Cumulative CAPEX for use in D&A calculation

Projected Cracker Barrel Finances before op change

Revenue

COGS

Gross Profit

Operating Expenses
EBIT

Projected Cracker Barrel Finances with op change

# of Cracker Barrel Express locations introduced:

Revenue

COGS

Gross Profit

Operating Expenses

EBIT
assumptions you make in the green highlighted dashboard area are to
of this spreadsheet. I show an example assumption about the average
a as much as you need to capture all of your assumptions. Why?
ot accept models thta require them to find hard coded numbers outside
into your spreadheets.

Year 0 Year 1 Year 2

Projected
2018 2019 2020 2021
- 5 10

$ - $ 2,450,000 $ 9,861,250

2,450,000 9,861,250

629,650 2,534,341

$ - $ 1,820,350 $ 7,326,909

(852,600) (3,431,715)
(115,150) (463,479)
(306,250) (1,232,656)
(325,000) (325,000)
- 75,000
$ - $ (1,599,000) $ (5,377,850)

$ - $ 3,419,350 $ 12,704,759

$ 750,000 $ 750,000

$ 221,350 $ 1,949,059

Current (Before Op Change)

2018 2019 2020 2021
$ 3,058,167,800 $ 3,134,833,250 $ 3,234,148,330

(2,025,687,097) (2,070,983,249) (2,132,551,666)

1,032,480,703 1,063,850,001 1,101,596,664

(754,282,076) (770,220,646) (786,484,408)

 278,198,627 293,629,355 315,112,256

Projected (Expected with op change)

2018 2019 2020 2021
- 5 10
 Year 3 Year 4
jected
2022 2023
15 20

$ 12,557,781.25 $ 15,321,725.78

12,557,781 15,321,726

3,227,350 3,937,684

$ 9,330,431 $ 11,384,042

(4,370,108) (5,331,961)
(590,216) (720,121)
(1,569,723) (1,915,216)
(325,000) (325,000)
150,000 225,000
$ (6,705,046) $ (8,067,297)

$ 16,035,478 $ 19,451,340

$ 750,000 $ 750,000

$ 2,625,385 $ 3,316,745

ore Op Change)
2022 2023
$ 3,331,172,780 $ 3,431,107,963

(2,189,865,871) (2,248,699,631)

1,141,306,909 1,182,408,332

(805,020,744) (827,185,149)
 336,286,165 355,223,184

ted with op change)

2022 2023
15 20