Financials

 
Contractor pricing is for general contractors and landscapers that have the odd customer wanting artificial grass. Contractors do not have to pay the Progreen Canada fee to get access to contractor pricing. They do have to show proof of business license. If there is a Progreen Canada distributor already servicing the area, said distributor receives all such contractor leads and markup above distributor pricing.

EXAMPLE TURF COSTS FOR ALL CANADIAN TERRITORIES

15’ Wide Rolls FOB Toronto CND Distributor Contractor Retail Full Install
Maximum Strength Preferred – 50 $3.49 $4.02 $6.17 $11.50
Natural Real Premium – 60 $3.52 $4.06 $6.23 $12.00
Maximum Strength Premium – 60 $3.69 $4.25 $6.52 $12.25
Natural Real Supreme – 80 $4.27 $4.93 $7.55 $12.50
Maximum Strength Supreme – 80 $4.44 $5.12 $7.85 $12.75
Natural Real Platinum – 110 $5.65 $6.52 $10.00 $13.00
K9 Deluxe- 60 $3.64 $4.20 $6.43 $12.00
PG Augusta $4.35 $5.02 $7.70 $22.00


Preferred pricing is for our distributors who purchase a protected area. For instance, any and all leads from the area specified go directly to the distributor. Fee to secure a protected area is based on sq ft expectation as defined in projected income. In this case Saskatoon is 12,300 sq ft x $.12/ft2. ONE TIME FEE
EXAMPLE FINANCIALS FOR A LARGE TERRITORY: MONTREAL
15’ Wide Rolls FOB Toronto CND Projected Sales (129,976 ft2) Full Install Retail Sales ($)
Maximum Strength Preferred – 50 19,497 224,212.05
Natural Real Premium – 60 64,989 779,868.00
Maximum Strength Premium – 60
Natural Real Supreme – 80 25,595 324,937.50
Maximum Strength Supreme – 80
Natural Real Platinum – 110
K9 Deluxe- 60 12,997 155,964.00
PG Augusta 6,498 142,956.00
129,976 1,627,937.55
12.52
EXAMPLE FINANCIALS FOR A MEDIUM TERRITORY: EDMONTON
15’ Wide Rolls FOB Toronto CND Projected Sales (45,000 ft2) Full Install Retail Sales ($)
Maximum Strength Preferred – 50 5,551 63,831.90
Natural Real Premium – 60 13,298 159,576.00
Maximum Strength Premium – 60
Natural Real Supreme – 80 19,721 246,510.00
Maximum Strength Supreme – 80
Natural Real Platinum – 110
K9 Deluxe- 60 5,250 63,000
PG Augusta 1,180 25,964.40
45,000 558.882
12.42
EXAMPLE FINANCIALS FOR A SMALL TERRITORY: SASKATOON
15’ Wide Rolls FOB Toronto CND Projected Sales (12,300 ft2) Full Install Retail Sales ($)
Maximum Strength Preferred – 50 1,572 18,078.00
Natural Real Premium – 60 5,298 63,576.00
Maximum Strength Premium – 60
Natural Real Supreme – 80 3,000 37,500.00
Maximum Strength Supreme – 80
Natural Real Platinum – 110
K9 Deluxe- 60 1,250 15,000.00
PG Augusta 1,180 25,964.40
12,300 160,318.40
13.02

Disclaimer of Projections. Seller makes no representation or warranty to Buyer with respect to any financial projection or forecast relating to the Company. With respect to any such projection or forecast delivered or made available by or on behalf of Seller to Buyer, Buyer acknowledges that (a) there are uncertainties inherent in attempting to make such projections and forecasts, (b) it is familiar with such uncertainties, (c) it is taking full responsibility for making its own evaluation of the adequacy and accuracy of all such projections and forecasts so furnished to it and (d) it shall have no claim against Seller.

EXAMPLE FINANCIALS FOR A LARGE TERRITORY: MONTREAL
15’ Wide Rolls FOB Toronto CND 1 Box of Staples per 750 ft 2 @$50 per box
(# of boxes needed)
1 Roll of Seaming Tape per 500 ft 2 @$50 per box
(# of boxes needed)
Aggregate, 1 yd per 100ft2 @ $45/yard Distributor Turf Cost 129,976/ft2 Contractor Turf Cost 129,976/ft2 Total Cogs Distributor Total Cogs Contractor
Maximum Strength Preferred – 50 26.00 38.89 194.97 67,977.19 78,435.22
Natural Real Premium – 60 86.65 129.98 649.89 228,353.48 263,946.32
Maximum Strength Premium – 60
Natural Real Supreme – 80 34.66 51.99 259.95 110,964.34 128,035.77
Maximum Strength Supreme – 80
Natural Real Platinum – 110
K9 Deluxe- 60 17.33 25.99 129.97 47,261.77 54,532.81
PG Augusta 8.66 38.89 64.98 28,278.52 32,629.06
$8,665.05 $9,038.30 $58,489.07 $483,235.30 $557,579.19 $559,487.71 $633,831.60
$0.07 $0.07 $0.45 4.30 4.88
EXAMPLE FINANCIALS FOR A MEDIUM TERRITORY: EDMONTON
15’ Wide Rolls FOB Toronto CND 1 Box of Staples per 750 ft 2 @$50 per box
(# of boxes needed)
1 Roll of Seaming Tape per 500 ft 2 @$50 per box
(# of boxes needed)
Aggregate, 1 yd per 100ft2 @ $45/yard Distributor Turf Cost 45,000/ft2 Contractor Turf Cost 45,000/ft2 Total Cogs Distributor Total Cogs Contractor
Maximum Strength Preferred – 50 7.40 11.10 55.51 19352.72 22,330.06
Natural Real Premium – 60 17.73 26.60 132.98 46,807.36 54,008.50
Maximum Strength Premium – 60
Natural Real Supreme – 80 26.29 39.44 197.21 84,181.78 97,132.83
Maximum Strength Supreme – 80
Natural Real Platinum – 110
K9 Deluxe- 60 7.00 10.50 52.50 19,090.89 22,027.95
PG Augusta 1.57 2.36 11.80 5,136.09 5,926.26
$2,999.97 $3,149.97 $20,249.82 $174,568.85 $201,425.60 $200,968.61 $227,825.36
$0.07 $0.07 $0.45 4.47 5.06
EXAMPLE FINANCIALS FOR A SMALL TERRITORY: SASKATOON
15’ Wide Rolls FOB Toronto CND 1 Box of Staples per 750 ft 2 @$50 per box
(# of boxes needed)
1 Roll of Seaming Tape per 500 ft 2 @$50 per box
(# of boxes needed)
Aggregate, 1 yd per 100ft2 @ $45/yard Distributor Turf Cost 12,300/ft2 Contractor Turf Cost 12,300/ft2 Total Cogs Distributor Total Cogs Contractor
Maximum Strength Preferred – 50 2.10 3.14 15.72 5,480.94 6,324.16
Natural Real Premium – 60 7.06 10.60 52.98 18,648.32 21,517.30
Maximum Strength Premium – 60
Natural Real Supreme – 80 4.00 6.00 30.00 12,806.04 14,776.20
Maximum Strength Supreme – 80
Natural Real Platinum – 110
K9 Deluxe- 60 1.67 2.50 12.50 4,545.45 5,244.75
PG Augusta 1.57 2.36 11.80 5,136.09 5,926.26
$820.01 $861.01 $5,535.09 $46,616.84 $53,788.66 $53,832.96 $61,004.78
$0.07 $0.07 $0.45 4.38 4.96

Disclaimer of Projections. Seller makes no representation or warranty to Buyer with respect to any financial projection or forecast relating to the Company. With respect to any such projection or forecast delivered or made available by or on behalf of Seller to Buyer, Buyer acknowledges that (a) there are uncertainties inherent in attempting to make such projections and forecasts, (b) it is familiar with such uncertainties, (c) it is taking full responsibility for making its own evaluation of the adequacy and accuracy of all such projections and forecasts so furnished to it and (d) it shall have no claim against Seller.

Our 4 person crews can easily install 750 square feet per day. Based on $25 per hr x 5 staff (includes 1 extra to cover government employee costs) x 9 hours = $1,125 per day divided by 750 ft2 = $1.50 per sq ft. Some jobs can take a little longer due to extra cutting or tough soil conditions so the rate may jump to $2.50 per sq ft.
EXAMPLE FINANCIALS FOR A LARGE TERRITORY: MONTREAL
15’ Wide Rolls FOB Toronto CND *Expenses are expressed at a cost of $4.00 per FT2 sold using historical data
Maximum Strength Preferred – 50 Office Staff
Natural Real Premium – 60 Warehouse
Maximum Strength Supreme – 80 Insurance
Natural Real Platinum – 110 Vehicles
K9 Deluxe- 60 Labour
PG Augusta Utilities
Miscellaneous
Licenses
$519,902.80
$4.00
EXAMPLE FINANCIALS FOR A MEDIUM TERRITORY: EDMONTON
15’ Wide Rolls FOB Toronto CND *Expenses are expressed at a cost of $4.00 per FT2 sold using historical data
Maximum Strength Preferred – 50 Office Staff
Natural Real Premium – 60 Warehouse
Maximum Strength Supreme – 80 Insurance
Natural Real Platinum – 110 Vehicles
K9 Deluxe- 60 Labour
PG Augusta Utilities
Miscellaneous
Licenses
$179,998.40
$4.00
EXAMPLE FINANCIALS FOR A SMALL TERRITORY: SASKATOON
15’ Wide Rolls FOB Toronto CND *Expenses are expressed at a cost of $4.00 per FT2 sold using historical data
Maximum Strength Preferred – 50 Office Staff
Natural Real Premium – 60 Warehouse
Maximum Strength Supreme – 80 Insurance
Natural Real Platinum – 110 Vehicles
K9 Deluxe- 60 Labour
PG Augusta Utilities
Miscellaneous
Licenses
$49,200.80
$4.00

Disclaimer of Projections. Seller makes no representation or warranty to Buyer with respect to any financial projection or forecast relating to the Company. With respect to any such projection or forecast delivered or made available by or on behalf of Seller to Buyer, Buyer acknowledges that (a) there are uncertainties inherent in attempting to make such projections and forecasts, (b) it is familiar with such uncertainties, (c) it is taking full responsibility for making its own evaluation of the adequacy and accuracy of all such projections and forecasts so furnished to it and (d) it shall have no claim against Seller.

* Based on minimum sq ft purchase to maintain protected area
* Based on 35% of projected sales year one, 50% year two and 65% for all subsequent years
EXAMPLE FINANCIALS FOR A LARGE TERRITORY: MONTREAL
Projected Distributor Savings One Time Distributor Fee
For Protected Area
1st Year Projected
Net Income*
2nd Year Projected
Net Income*
3rd Year Projected
Net Income*
Minimum Ft2
Purchase Year 1*
Minimum Ft2
Purchase Year 2*
Minimum Ft2
Purchase Year 3*
$74,343.89 $12,997.57 $178,993.89 $274,273.52 $356,555.58 45491 Ft2 64988 ft2 84484 ft2
Projected Distributor vs
Contractor Savings Each Year
$26,020.36 $37,171.95 $48,323.53
EXAMPLE FINANCIALS FOR A MEDIUM TERRITORY: EDMONTON
Projected Distributor Savings One Time Distributor Fee
For Protected Area
1st Year Projected
Net Income*
2nd Year Projected
Net Income*
3rd Year Projected
Net Income*
Minimum Ft2
Purchase Year 1*
Minimum Ft2
Purchase Year 2*
Minimum Ft2
Purchase Year 3*
$26,856.75 $5,399.95 $56,870.40 $88,957.64 $115,644.94 15750 Ft2 22500 ft2 29250 ft2
Projected Distributor vs
Contractor Savings Each Year
$9,399.86 $13,428.37 $17,456.88
EXAMPLE FINANCIALS FOR A SMALL TERRITORY: SASKATOON
Projected Distributor Savings One Time Distributor Fee
For Protected Area
1st Year Projected
Net Income*
2nd Year Projected
Net Income*
3rd Year Projected
Net Income*
Minimum Ft2
Purchase Year 1*
Minimum Ft2
Purchase Year 2*
Minimum Ft2
Purchase Year 3*
$7,171.82 $1,476.02 $18,503.60 $28,542.32 $37,105.02 4305 Ft2 6150 ft2 7995 ft2
Projected Distributor vs
Contractor Savings Each Year
$2,510.14 $3,585.91 $4,661.68

Disclaimer of Projections. Seller makes no representation or warranty to Buyer with respect to any financial projection or forecast relating to the Company. With respect to any such projection or forecast delivered or made available by or on behalf of Seller to Buyer, Buyer acknowledges that (a) there are uncertainties inherent in attempting to make such projections and forecasts, (b) it is familiar with such uncertainties, (c) it is taking full responsibility for making its own evaluation of the adequacy and accuracy of all such projections and forecasts so furnished to it and (d) it shall have no claim against Seller.