Cycle-Rama

Projected Income Statement

Two Year Summary

 

	Year 1	Year 2
SALES	338,662	355,595
SERVICE INCOME	47,025	49,376
COST OF GOODS SOLD	233,677	245,361
GROSS PROFIT	152,010	159,610
OPERATING EXPENSES
Payroll	19,000	19,950
Payroll Expenses	2,850	2,993
Supplies	3,400	3,570
Repairs and Maintenance	1,800	1,890
Advertising	14,000	7,120
Rent	18,000	18,000
Telephone	2,600	2,730
Utilities	2,350	2,468
Insurance	5,800	5,800
Taxes	3,000	3,000
Interest	7,794	6,543
Accounting and Legal	1,800	1,800
Outside Services	1,200	1,260
Car and Delivery	1,200	1,260
Miscellaneous	1,800	1,890
TOTAL EXPENSES	86,594	80,274
NET PROFIT BEFORE TAXES	65,416	79,336

Disclaimer:  Cycle-Rama is a fictional company created by the Maine SBDC to illustrate the major components of the Business Plan.  It in no way depicts or represents any known company.