Projected Income Statement

Year 1
Revenues
Sales
Product / Service #1
% Mall sales
Product / Service #3
Product / Service #4
(A) Total Sales
Inventory Costs
Opening Inventory / Stock / Product (from startup)
Product / Service #1
% Mall sales
Product / Service #3
Product / Service #4
(B) Total Cost of Inventory
(C) GROSS MARGIN (A-B)
Expenses
General Expenses
Owner's Draws/salaries
Employee/contractor wages
Legal fees
Accounting services
Advertising and promotion
Commercial Rent
Property taxes/TMI
Utilities
Business Insurance
Bank Charges
Office supplies & postage
Telephone & Internet
Alarm System
Subscriptions & Memberships
Training
credit card transaction fee (2%)

Year 2

850.000
0
0
0
$850.000

850.000
0
0
0
$850.000

50.000
425.000
0
0
0
$475.000
$375.000

425.000
0
0
0
$425.000
$425.000

0
52.776
0
1.200
0
60.000
7.800
0
1.200
480
600
768
0
0
0
17.000
0
0
0
$141.824

0
52.776
0
1.200
0
60.000
7.800
0
1.200
480
600
768
0
0
0
0
0
0
0
$124.824

(E) TOTAL OTHER EXPENSES

(F) TOTAL EXPENSES (D+E)

42.389
0
0
0
0
0
$42.389
$184.213

0
0
0
0
0
0
$0
$124.824

NET PROFIT BEFORE TAX (C-F)

Income Tax (estimated at 25%)
NET PROFIT AFTER TAX

$190.787
-$47.697
$143.090

$300.176
-$87.051
$213.125

(D) TOTAL GENERAL EXPENSES

Other Disbursements
Start up Costs
Futurpreneur Loan Funding
BDC Loan Funding
Other Funding 1
Other Funding 2
-