ESTIMATED PROJECTION FOR THREE YEAR'S EARNINGS | |||||||||||
| FIRST YEAR |
| SECOND YEAR |
| THIRD YEAR | ||||||
| Estimates |
| % of Gross |
| Estimates |
| % of Gross |
| Estimates |
| % of Gross |
INCOME |
|
| Receipts |
|
|
| Receipts |
|
|
| Receipts |
Total Sales | $2,779,500 |
| 100.00% |
| $3,029,655 |
| 100.00% |
| $3,302,324 |
| 100.00% |
Net Sales | $2,779,500 |
| 100.00% |
| $3,029,655 |
| 100.00% |
| $3,302,324 |
| 100.00% |
Cost of Goods Sold | $1,249,067 |
| 44.94% |
| $1,331,230 |
| 43.94% |
| $1,419,999 |
| 43.00% |
Gross Profit | $1,530,433 |
| 55.06% |
| $1,698,425 |
| 56.06% |
| $1,882,325 |
| 57.00% |
|
|
|
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
Owner's Salaries | $120,000 |
| 4.32% |
| $130,800 |
| 4.32% |
| $142,572 |
| 4.32% |
Salaries & Compensation - Contract 1099 | $240,000 |
| 8.63% |
| $261,600 |
| 8.63% |
| $285,144 |
| 8.63% |
Sales Commissions | $124,100 |
| 4.46% |
| $135,269 |
| 4.46% |
| $147,443 |
| 4.46% |
Health Insurance | $42,000 |
| 1.51% |
| $45,780 |
| 1.51% |
| $49,900 |
| 1.51% |
Repairs & Maintenance | $15,600 |
| 0.56% |
| $17,004 |
| 0.56% |
| $18,534 |
| 0.56% |
Bad Debt Expense | $3,600 |
| 0.13% |
| $3,924 |
| 0.13% |
| $4,277 |
| 0.13% |
Rent | $49,200 |
| 2.50% |
| $75,741 |
| 2.50% |
| $82,558 |
| 2.50% |
Taxes & Licenses | $2,400 |
| 0.09% |
| $2,616 |
| 0.09% |
| $2,851 |
| 0.09% |
Depreciation | $2,400 |
| 0.09% |
| $2,400 |
| 0.08% |
| $2,400 |
| 0.07% |
Advertising | $12,000 |
| 0.43% |
| $13,080 |
| 0.43% |
| $14,257 |
| 0.43% |
Computers & Internet | $14,400 |
| 0.52% |
| $15,696 |
| 0.52% |
| $17,109 |
| 0.52% |
Postage & Shipping Outbound | $47,688 |
| 1.72% |
| $51,979 |
| 1.72% |
| $56,658 |
| 1.72% |
Insurance | $8,400 |
| 0.30% |
| $9,156 |
| 0.30% |
| $9,980 |
| 0.30% |
Supplies | $19,200 |
| 0.69% |
| $20,928 |
| 0.69% |
| $22,812 |
| 0.69% |
Telephone | $6,000 |
| 0.22% |
| $6,540 |
| 0.22% |
| $7,129 |
| 0.22% |
Utilities | $8,400 |
| 0.30% |
| $9,156 |
| 0.30% |
| $9,980 |
| 0.30% |
Accounting & Legal | $30,000 |
| 1.08% |
| $32,700 |
| 1.08% |
| $35,643 |
| 1.08% |
Travel & Entertainment | $30,000 |
| 1.08% |
| $32,700 |
| 1.08% |
| $35,643 |
| 1.08% |
Dues and Subscriptions | $3,000 |
| 0.11% |
| $3,270 |
| 0.11% |
| $3,564 |
| 0.11% |
Miscellaneous | $14,400 |
| 0.52% |
| $15,696 |
| 0.52% |
| $17,109 |
| 0.52% |
Bank Fees | $6,000 |
| 0.22% |
| $6,540 |
| 0.22% |
| $7,129 |
| 0.22% |
Debt Service - SBA/Wells | $98,400 |
| 3.54% |
| $107,256 |
| 3.54% |
| $116,909 |
| 3.54% |
Debt Service- LOC | $3,600 |
| 0.13% |
| $3,924 |
| 0.13% |
| $4,277 |
| 0.13% |
Merchant Fees | $45,150 |
| 1.62% |
| $49,214 |
| 1.62% |
| $53,643 |
| 1.62% |
Trade Shows | $36,000 |
| 1.30% |
| $39,240 |
| 1.30% |
| $42,772 |
| 1.30% |
Auto Expense | $24,000 |
| 0.86% |
| $26,160 |
| 0.86% |
| $28,514 |
| 0.86% |
Gas | $6,000 |
| 0.22% |
| $6,540 |
| 0.22% |
| $7,129 |
| 0.22% |
Other: | $0 |
| 0.00% |
| $0 |
| 0.00% |
| $0 |
| 0.00% |
|
|
|
|
|
|
|
|
|
|
|
|
| $0 |
| 0.00% |
| $0 |
| 0.00% |
| $0 |
| 0.00% |
Total Operating Expense | $1,215,938 |
| 43.75% |
| $1,124,909 |
| 37.13% |
| $1,225,935 |
| 37.12% |
|
|
|
|
|
|
|
|
|
|
|
|
Profit Before Taxes | $314,496 |
| 11.31% |
| $573,515 |
| 18.93% |
| $656,390 |
| 19.88% |
|
|
|
|
|
|
|
|
|
|
|
|
Income Taxes | $0 |
| 0.00% |
| $0 |
| 0.00% |
| $0 |
| 0.00% |
Net Profit After Taxes | $314,496 |
| 11.31% |
| $573,515 |
| 18.93% |
| $656,390 |
| 19.88% |
|
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ASSUMPTIONS: |
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Growth is projected annually at |
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| 9% |
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Taxes are calculated at the rate of |
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| 0% |
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Ending cash balance is reinvested into firm. |
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