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Sample Income Statment For ABC Cleaners
Projected Income Statement
Projected Income Statement
ABC Cleaners
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| |
Year 1 |
Year 2 |
Year 3 |
| Revenue |
|
|
|
| Residential sales |
$508,806 |
$596,643 |
$650,256 |
| Up sales residential |
$176,976 |
$207,528 |
$226,176 |
| Commercial sales |
$0 |
$0 |
$0 |
| Vehicle cleaning |
$0 |
$0 |
$0 |
| Miscellaneous |
$0 |
$0 |
$0 |
| Total revenue |
$685,782 |
$804,171 |
$876,432 |
| |
|
|
|
| Cost of sales |
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|
|
| Residential sales |
$76,321 |
$89,496 |
$97,538 |
| Up sales residential |
$26,546 |
$31,129 |
$33,926 |
| Commercial sales |
$0 |
$0 |
$0 |
| Vehicle cleaning |
$0 |
$0 |
$0 |
| Miscellaneous |
$0 |
$0 |
$0 |
| Total cost of sales |
$102,867 |
$120,626 |
$131,465 |
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|
|
|
| Gross profit |
$582,915 |
$683,545 |
$744,967 |
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|
|
|
| Expenses |
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|
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| Owners wages |
$20,000 |
$32,500 |
$37,500 |
| Sales staff |
$74,994 |
$80,475 |
$83,600 |
| Crew cost |
$281,422 |
$322,890 |
$352,013 |
| Rent |
$9,000 |
$9,450 |
$9,923 |
| Utilities |
$6,000 |
$6,300 |
$6,489 |
| Office manager |
$30,000 |
$31,500 |
$33,075 |
| Advertising & promotion |
$15,000 |
$7,500 |
$7,500 |
| Trucks (gas, repairs, etc.) |
$45,750 |
$57,188 |
$71,484 |
| Office supplies |
$900 |
$1,000 |
$1,200 |
| Insurance |
$7,500 |
$8,000 |
$8,500 |
| Telephone |
$26,000 |
$27,300 |
$28,665 |
| Accounting |
$2,550 |
$2,805 |
$3,086 |
| Office security |
$600 |
$650 |
$700 |
| Bank charges |
$300 |
$325 |
$350 |
| Other |
$600 |
$650 |
$700 |
| Miscellaneous |
$1,500 |
$2,000 |
$2,500 |
| Total expenses |
$522,116 |
$590,533 |
$647,285 |
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|
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| Operating profit |
$60,799 |
$93,012 |
$97,682 |
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|
|
|
| Interest |
$3,455 |
$2,800 |
$2,090 |
| Depreciation |
$21,900 |
$21,900 |
$21,900 |
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|
|
|
| Net profit |
$35,444 |
$68,312 |
$73,693 |
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