Create a business plan for your hypothetical arts-based venture

Profit and Loss Projection (3 Years) Evergreen Art Center

1 % 2 % 3 % pricing information sources Revenue Ticket sales 135,600$ 100.00% 162,720$ 100.00% 178,992$ 100.00% Art sales 245,000$ 257,250$ 270,113$ Souvernir sales 18,700$ 18,887$ 17,887$

Cost of Goods Sold (COGS) 75,000 55.31% 90,000 55.31% 99,000 55.31% Gross Profit 324,300$ 239.16% 348,857$ 214.39% 367,992$ 205.59%

Operating Expenses Salary (Office & Overhead) 120,000$ 88.50% 126,000$ 77.43% 138,600$ 77.43% based on 3 employees at $40,000 Supplies (off and operation) 1,000 0.74% 1,100 0.68% 1,210$ 0.68% Office Depot Repairs/ Maintenance 1,200 0.88% 1,320 0.81% 1,452$ 0.81% Commercial Repair Service Advertising 2,500 1.84% 2,750 1.69% 3,025$ 1.69% Facebook Accounting and Legal 700 0.52% 770 0.47% 847$ 0.47% Cortes CPA PLC Rent 45,000 33.19% 49,500 30.42% 54,450$ 30.42% Arizona State Museum Telephone 3,200 2.36% 3,520 2.16% 3,872$ 2.16% Vonage Utilities 30,100 22.20% 33,110 20.35% 36,421$ 20.35% APS Insurance 6,450 4.76% 7,095 4.36% 7,805$ 4.36% Acuity Bank and Merchant fee 10,110 7.46% 11,121 6.83% 12,233$ 6.83% Bank of America Depreciation 9,500 7.01% 10,450 6.42% 11,495$ 6.42% Total Expenses 229,760$ 169.44% 246,736$ 151.63% 271,410$ 151.63%

Net Profit Before Tax 94,540 102,121 96,582 Income Taxes 14,181 15,318 14,487 IRS Net Profit After Tax 80,359 86,803 82,095 Owner Draw/ Dividends - - - Adj. to Retained Earnings 80,359$ 86,803$ 82,095$