Accrual Basis Jimmy John's Profit & Loss July 19 - Aug 15, 2017 July 19 - Aug 15, 17 Ordinary Income/Expense Income 4000 Sales 4010 In Shop Sales 47,343.25 74.8% 4020 Delivery Sales 17,241.11 27.2% 4030 Catering Sales 3,244.65 5.1% Total 4000 Sales 67,829.01 107.2% 4100 Sales Discounts 4110 Employee Discount -685.50-1.1% 4120 Promo -992.69-1.6% 4130 Sampling -2,815.10-4.4% 4140 Waste -59.90-0.1% Total 4100 Sales Discounts -4,553.19-7.2% Total Income 63,275.82 100.0% Cost of Goods Sold 5000 Cost of Goods Sold 5010 COGS - Bread 2,684.31 4.2% 5020 COGS - Food 9,881.47 15.6% 5030 COGS - Sides 1,394.48 2.2% 5040 COGS - Paper 998.36 1.6% 5050 COGS - Produce 1,925.40 3.0% 5060 COGS - Beverage 1,061.45 1.7% 5070 COGS - Catering 127.27 0.2% 5080 COGS - Delivery 153.05 0.2% 5100 COGS - Discount -44.76-0.1% Total 5000 Cost of Goods Sold 18,181.03 28.7% Total COGS 18,181.03 28.7% Gross Profit 45,094.79 71.3% Expense 6000 Employment Expenses 6100 Wages, Taxes & DMR 6120 General Manager Wages 1,923.08 3.0% 6130 Assistant Manager Wages 1,820.00 2.9% 6140 PIC Wages 2,135.83 3.4% 6150 In Shop Wages 3,991.29 6.3% 6160 Driver Wages 7,464.85 11.8% 6180 DMR 587.64 0.9% 6200 Catering Manager Wages 961.54 1.5% 6300 Payroll Tax Expense 2,362.97 3.7% Total 6100 Wages, Taxes & DMR 21,247.20 33.6% 6700 Employee Benefits/Insurance 6710 Management Bonus/Incentives 1,947.71 3.1% 6780 Employee Health/Dental Benefits -118.40-0.2% Total 6700 Employee Benefits/Insurance 1,829.31 2.9% Total 6000 Employment Expenses 23,076.51 36.5% 7000 Operating Expenses 7110 Breakroom/First Aid Supplies 15.80 0.0% 7120 Menus/Sandwich Stickers 532.43 0.8% 7130 Restaurant Supplies 530.55 0.8% 7140 Smallwares 2.12 0.0% 7200 Linens & Laundry Service 198.97 0.3% 7300 Uniforms 7310 Uniform Purchases 162.31 0.3% Total 7300 Uniforms 162.31 0.3% 7400 Royalty Fees 7410 Creative Fee - 1.5% 949.14 1.5% 7420 National Media Fund - 3.0% 1,898.28 3.0% Page 1
Accrual Basis Jimmy John's Profit & Loss July 19 - Aug 15, 2017 July 19 - Aug 15, 17 7430 Royalty - 6.0% 3,796.55 6.0% Total 7400 Royalty Fees 6,643.97 10.5% 7500 Marketing & Promotional Expense 7530 Promotions, Events & PR 780.83 1.2% Total 7500 Marketing & Promotional Expense 780.83 1.2% 7600 Customer Retention 7630 Customer GC Discounts 20.00 0.0% Total 7600 Customer Retention 20.00 0.0% 7800 Maintenance & Repairs 7810 Building Repairs 144.61 0.2% 7820 Cleaning & Janitorial Supplies 87.87 0.1% 7830 Contract Cleaning/Janitorial 92.50 0.1% 7850 Equipment Repairs 708.38 1.1% Total 7800 Maintenance & Repairs 1,033.36 1.6% 7900 Utilities 7930 Gas 92.00 0.1% Total 7900 Utilities 92.00 0.1% Total 7000 Operating Expenses 10,012.34 15.8% 8000 Admin & General Expenses 8040 Office Supplies 57.61 0.1% 8050 Postage & Mailing 32.40 0.1% 8100 Transaction Fees 8110 Bank Fees 3.00 0.0% 8120 Credit Card Fees 63.21 0.1% Total 8100 Transaction Fees 66.21 0.1% 8200 Cash Accountability 8210 Cash Over/Short 52.73 0.1% 8230 CC Deposit Discrepancy 5.00 0.0% Total 8200 Cash Accountability 57.73 0.1% 8300 Service & Subscription Fees 8310 Gift Card Fees 11.50 0.0% 8320 Internet Radio Fees 18.33 0.0% Total 8300 Service & Subscription Fees 29.83 0.0% 8400 Training Expense 8460 Training - Other 45.98 0.1% Total 8400 Training Expense 45.98 0.1% 8600 Professional Fees 8620 Bookkeeping Fees 609.80 1.0% 8660 Payroll Fees 138.40 0.2% Total 8600 Professional Fees 748.20 1.2% 8800 Travel & Development 8810 Airfare 98.60 0.2% Total 8800 Travel & Development 98.60 0.2% Total 8000 Admin & General Expenses 1,136.56 1.8% Total Expense 34,225.41 54.1% Net Ordinary Income 10,869.38 17.2% Other Income/Expense Other Income 9100 Other Income 9120 Non-Operating Income 189.59 0.3% Total 9100 Other Income 189.59 0.3% Page 2
Accrual Basis Jimmy John's Profit & Loss July 19 - Aug 15, 2017 July 19 - Aug 15, 17 Total Other Income 189.59 0.3% Other Expense 9200 Other Expense 9220 Loan Interest 1,491.49 2.4% Total 9200 Other Expense 1,491.49 2.4% Total Other Expense 1,491.49 2.4% Net Other Income -1,301.90-2.1% Net Income 9,567.48 15.1% Page 3
YTD Profit & Loss Accrual Basis January 1 through December 30, 2014 Jan 1 - Dec 30, 14 Ordinary Income/Expense Income 4000 Sales 4010 In Shop Sales 546,539.62 73.8% 4020 Delivery Sales 203,764.99 27.5% 4030 Catering Sales 29,573.11 4.0% Total 4000 Sales 779,877.72 105.3% 4100 Sales Discounts 4110 Employee Discount -6,498.13-0.9% 4120 Promo -6,223.92-0.8% 4130 Sampling -25,787.74-3.5% 4140 Waste -554.17-0.1% Total 4100 Sales Discounts -39,063.96-5.3% Total Income 740,813.76 100.0% Cost of Goods Sold 5000 Cost of Goods Sold 5010 COGS - Bread 31,614.42 4.3% 5020 COGS - Food 115,582.26 15.6% 5030 COGS - Sides 16,388.29 2.2% 5040 COGS - Paper 9,965.25 1.3% 5050 COGS - Produce 22,357.87 3.0% 5060 COGS - Beverage 11,561.56 1.6% 5070 COGS - Catering 1,283.48 0.2% 5080 COGS - Delivery 1,858.67 0.3% 5100 COGS - Discount -223.19-0.0% Total 5000 Cost of Goods Sold 210,388.61 28.4% Total COGS 210,388.61 28.4% Gross Profit 530,425.15 71.6% Expense 6000 Employment Expenses 6100 Wages, Taxes & DMR 6110 Area Manager Wages 307.68 0.0% 6120 General Manager Wages 25,145.75 3.4% 6130 Assistant Manager Wages 23,071.20 3.1% 6140 PIC Wages 23,220.86 3.1% 6150 In Shop Wages 43,661.46 5.9% 6160 Driver Wages 85,940.14 11.6% 6180 DMR 6,936.44 0.9% 6200 Catering Manager Wages 4,807.70 0.6% 6230 Training Wages 1,365.00 0.2% 6300 Payroll Tax Expense 25,569.83 3.5% Total 6100 Wages, Taxes & DMR 240,026.06 32.4% 6700 Employee Benefits/Insurance 6710 Management Bonus/Incentives 8,567.74 1.2% 6780 Employee Health/Dental Benefits -671.63-0.1% Total 6700 Employee Benefits/Insurance 7,896.11 1.1% 6900 Employee Maintenance 6930 Recruiting/Hiring 141.10 0.0% Total 6900 Employee Maintenance 141.10 0.0% Total 6000 Employment Expenses 248,063.27 33.5% 7000 Operating Expenses 7110 Breakroom/First Aid Supplies 159.41 0.0% 7120 Menus/Sandwich Stickers 3,233.07 0.4% 7130 Restaurant Supplies 8,148.61 1.1% 7140 Smallwares 2,254.60 0.3% 7200 Linens & Laundry Service 2,220.77 0.3% 7300 Uniforms Page 1
YTD Profit & Loss Accrual Basis January 1 through December 30, 2014 Jan 1 - Dec 30, 14 7310 Uniform Purchases 1,611.68 0.2% 7320 Uniform Reimbursement -50.00-0.0% Total 7300 Uniforms 1,561.68 0.2% 7400 Royalty Fees 7410 Creative Fee - 1.5% 11,112.21 1.5% 7420 National Media Fund - 3.0% 22,224.41 3.0% 7430 Royalty - 6.0% 44,448.82 6.0% Total 7400 Royalty Fees 77,785.44 10.5% 7500 Marketing & Promotional Expense 7530 Promotions, Events & PR 1,179.83 0.2% Total 7500 Marketing & Promotional Expense 1,179.83 0.2% 7600 Customer Retention 7630 Customer GC Discounts 313.84 0.0% Total 7600 Customer Retention 313.84 0.0% 7700 Rent Expense 7710 Building Rent 72,487.44 9.8% 7730 Office Rent 897.75 0.1% Total 7700 Rent Expense 73,385.19 9.9% 7800 Maintenance & Repairs 7810 Building Repairs 885.13 0.1% 7820 Cleaning & Janitorial Supplies 570.13 0.1% 7830 Contract Cleaning/Janitorial 1,202.50 0.2% 7840 Equipment Rentals 5.42 0.0% 7850 Equipment Repairs 2,449.20 0.3% Total 7800 Maintenance & Repairs 5,112.38 0.7% 7900 Utilities 7930 Gas 742.36 0.1% 7960 Telephone - Local/LD 4,273.89 0.6% 7970 Telephone - Mobile 144.54 0.0% 7980 Trash Removal 3,330.00 0.4% Total 7900 Utilities 8,490.79 1.1% Total 7000 Operating Expenses 183,845.61 24.8% 8000 Admin & General Expenses 8010 Business Licenses & Permits 1,757.00 0.2% 8020 Business Meeting Expense 93.80 0.0% 8040 Office Supplies 682.63 0.1% 8050 Postage & Mailing 908.78 0.1% 8060 Printing & Copying 739.28 0.1% 8100 Transaction Fees 8110 Bank Fees 1,427.35 0.2% 8120 Credit Card Fees 16,083.73 2.2% Total 8100 Transaction Fees 17,511.08 2.4% 8200 Cash Accountability 8210 Cash Over/Short 345.48 0.0% 8220 Chargeback 814.64 0.1% 8230 CC Deposit Discrepancy -12.34-0.0% 8240 NSF - Return/Fee 35.00 0.0% Total 8200 Cash Accountability 1,182.78 0.2% 8300 Service & Subscription Fees 8310 Gift Card Fees 138.00 0.0% 8320 Internet Radio Fees 329.94 0.0% 8330 Online Ordering Fees 900.00 0.1% 8340 POS System Fees 3,216.72 0.4% Total 8300 Service & Subscription Fees 4,584.66 0.6% 8400 Training Expense 8410 Training Airfare 358.00 0.0% Page 2
YTD Profit & Loss Accrual Basis January 1 through December 30, 2014 Jan 1 - Dec 30, 14 8430 Training Per Diem 673.00 0.1% 8440 Training Travel 163.90 0.0% 8460 Training - Other 54.98 0.0% Total 8400 Training Expense 1,249.88 0.2% 8500 Insurance 8520 Business/Umbrella Insurance 5,084.78 0.7% 8530 EPL Insurance 843.23 0.1% Total 8500 Insurance 5,928.01 0.8% 8600 Professional Fees 8610 Accounting Fees 965.00 0.1% 8620 Bookkeeping Fees 7,802.69 1.1% 8650 Management Fees 2,150.93 0.3% 8660 Payroll Fees 1,575.80 0.2% Total 8600 Professional Fees 12,494.42 1.7% 8700 Auto Expense 8710 Fuel Expense/Mileage 205.29 0.0% 8720 Parking 30.02 0.0% Total 8700 Auto Expense 235.31 0.0% 8800 Travel & Development 8810 Airfare 1,408.03 0.2% 8820 Lodging 850.47 0.1% 8830 Meals/Entertainment 1,167.15 0.2% 8840 Travel 540.78 0.1% Total 8800 Travel & Development 3,966.43 0.5% 8900 Taxes 8920 Litter Tax 101.07 0.0% 8950 State Business & Occupation Tax 3,173.34 0.4% Total 8900 Taxes 3,274.41 0.4% Total 8000 Admin & General Expenses 54,608.47 7.4% Total Expense 486,517.35 65.7% Net Ordinary Income 43,907.80 5.9% Other Income/Expense Other Income 9100 Other Income 9110 Interest Income 0.02 0.0% 9120 Non-Operating Income 830.11 0.1% 9130 Rebates/Refunds 48.15 0.0% Total 9100 Other Income 878.28 0.1% Total Other Income 878.28 0.1% Other Expense 9200 Other Expense 9220 Loan Interest 17,897.88 2.4% Total 9200 Other Expense 17,897.88 2.4% Total Other Expense 17,897.88 2.4% Net Other Income -17,019.60-2.3% Net Income 26,888.20 3.6% Page 3
Balance Sheet Accrual Basis As of December 30, 2014 Dec 30, 14 ASSETS Current Assets Checking/Savings 1000 Checking Account 6,860.66 1010 Petty Cash 1,000.00 Total Checking/Savings 7,860.66 Other Current Assets 1400 Inventory 1410 Bread 564.75 1420 Food 4,900.18 1430 Sides 965.69 1440 Paper 519.20 1450 Produce 149.66 1460 Beverage 613.20 1470 Catering 115.61 Total 1400 Inventory 7,828.29 1499 Undeposited/Money in Transit 4,184.66 Total Other Current Assets 12,012.95 Total Current Assets 19,873.61 Fixed Assets 1600 Fixed Assets 1620 Furniture & Fixtures 45,024.55 1630 Equipment 139,149.96 1640 Leasehold Improvements 101,784.82 Total 1600 Fixed Assets 285,959.33 Total Fixed Assets 285,959.33 Other Assets 1700 Capitalized Start Up Expenses 1710 Franchise Fees 30,000.00 1730 Other Start up Costs 81,622.55 Total 1700 Capitalized Start Up Expenses 111,622.55 Total Other Assets 111,622.55 TOTAL ASSETS 417,455.49 LIABILITIES & EQUITY Liabilities Current Liabilities Accounts Payable 2000 Accounts Payable 14,665.36 Total Accounts Payable 14,665.36 Other Current Liabilities 2150 Accrued Wages 7,299.48 2160 Accrued Payroll Taxes 4,517.82 2200 Sales Tax Payable 5,629.92 2220 Use Tax Payable 75.95 Total Other Current Liabilities 17,523.17 Total Current Liabilities 32,188.53 Long Term Liabilities 2400 Notes Payable 2450 N/P Other 396,762.93 Total 2400 Notes Payable 396,762.93 Total Long Term Liabilities 396,762.93 Total Liabilities 428,951.46 Page 1
Balance Sheet Accrual Basis As of December 30, 2014 Dec 30, 14 Equity 32000 Retained Earnings -38,384.17 Net Income 26,888.20 Total Equity -11,495.97 TOTAL LIABILITIES & EQUITY 417,455.49 Page 2