B7503 - VR LONDON'S EXECUTIVE SUMMARY

THE COMPANY: The company provides service primarily to heavey trucks to businesses and farmers in about a 50 KM radius of the shop. The owners will sell or rent the Real Estate.

FINANCIAL SUMMARY:Sales have been consistant in the $500,000 to $600,000 range for several years.

DISCRETIONARY CASH is the amount of money that is generated by a business and is available to the owner to spend at his own "Discretion." It includes owners' wages, any profit the business makes, non-cash expenses (depreciation, etc.), one time or unusual expenses, an owner's personal benefits (personal car expenses, etc.), interest expense on money borrowed for capital additions or for the purchase of the business or any other nonessential. Discretionary cash for the last full year is as follows:

Net Income $(11,987)

Owners Wage 127,000

Pension 3,569

Owner Auto 3,000

Dividend 12,000

Total $145,569

Less Rent 28,000

Net DC $117,569 (3 year average DC $119,931)

Telephone: (519) 673-3197 • Fax: (519) 673-3199

Email: vrlondon@rogers.com

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