Sample Moose Mountain Cafe Business Plan Page 19
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28Moose Mountain Cafe
Income Statements
YEAR END SUMMARY
Year 1
%
Year 2
%
Year 3
%
Income:
Products
180,600
231,840
312,984
Product / Service 2
-
-
-
Product / Service 3
-
-
-
Total Income
180,600 100.00%
231,840 100.00%
312,984 100.00%
Cost of Sales:
Products
67,200
92,736
125,194
Product / Service 2
-
-
-
Product / Service 3
-
-
-
Total Cost of Sales
67,200
37.21%
92,736
40.00%
125,194
40.00%
Gross Margin
113,400
62.79%
139,104
60.00%
187,790
60.00%
Salaries and Wages:
Owner's Compensation
34,500
36,000
36,000
Salaries
41,101
42,888
42,888
Payroll Taxes
6,224
6,224
6,224
Worker's Compensation
1,400
1,400
1,400
Employee Benefit Programs
-
-
-
Total Salaries and Wages
83,225
46.08%
86,512
37.32%
86,512
27.64%
Business Expenses:
Advertising
2,200
2,400
2,400
Car and Truck Expenses
-
-
-
Credit Card Charges
-
-
-
Insurance
3,000
3,000
3,000
Legal and Accounting Fees
200
200
200
Office Expenses
-
-
-
Postage and Shipping
-
-
-
Rent on Business Property
7,200
7,200
7,200
Rent on Equipment
-
-
-
Repairs
550
600
600
Supplies
1,837
2,000
2,000
Telephone
1,200
1,200
1,200
Travel
-
-
-
Utilities
4,800
4,800
4,800
Miscellaneous Expenses
-
-
-
Amortized Start-up Expenses
-
-
-
Depreciation
3,843
3,843
3,843
Total Business Expenses
24,830
13.75%
25,243
10.89%
25,243
8.07%
Less Interest Expense:
Commercial Loan
3,065
2,514
1,899
Commercial Mortgage
-
-
-
Line of Credit
-
-
-
Total Interest Expense
3,065
1.70%
2,514
1.08%
1,899
0.61%
Net Opertating Profit
2,280
24,835
74,136
Less: Income Taxes
-
-
-
Net Operating Profit
2,280
1.26%
24,835
10.71%
74,136
23.69%
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