| | Income Statement Summary for the 1st Year of Operation |
| | When budgeting, include all the expenses of setting up the store and ordering merchandise. Due to the considerable expenditure assume the 1st 3-6 months of operation have a negative net income. |
| | You may add line items to any of the income or expense categories. |
| | When calculating the Total net income use the following equation = Income - cost of sales - expenses |
| | When estimating the figures, list your assumptions on bottom of the page. |
| | Business name: | xx |
| | | January | February | March | April | May | June | July | August | September | October | November | December |
| | Income |
| | Web site | N/A |
| | Store location | 3,250/month |
| | Add more items if applicable |
| | Subtotal: | 3,250 |
| | Cost of sales |
| | Inventory | 2000 |
| | Shipping | 0 |
| | Add more items if applicable |
| | Subtotal: | 2000 |
| | G&A Expenses |
| | Retail lease | 4,000 |
| | Utilities | 100 |
| | Phone | 30 |
| | Internet | 30 |
| | Marketing | 1500 |
| | Supplies | 1000 |
| | Merchandise | 590 |
| | Subtotal: | 7250 |
| | Total net income (income - cost of sales - expenses) | -6000 |
| | Assumptions: | There will be more merchandise in there store therefore there will be more sale, as of right now I've got a negative number for the net income which means the business cannot survive. |
| | When estimating the figures, list your assumptions on bottom of the page. |
| | Assuming that the sales go up having at least 10 customers a day spending $100, the montley income would be $30,000. It could also be higher depending on the month. For example during Holiday season, November and December sales would go up . Assumin | | | | | | | | | | | | | | up. |
| | Assuming that the sales increase by $30,000 for November and December. $40,000 by promoting and Marketing and also during summertime. A decrease after the Holidays, around January, February could decrease the sales to $15,000. |
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