2022 2023 2024

Sales $ 10,000,000 $ 13,500,000 $ 16,000,000

Cost of Goods sold $ 1,750,000 $ 2,000,000 $ 2,500,000
Gross Profit $ 8,250,000 $ 11,500,000 $ 12,500,000

Operating expenses $ 1,000,000 $ 1,500,000 $ 1,850,000

Salary $ 750,000 $ 850,000 $ 950,000
Distribution agency charges $ 150,000 $ 200,000 $ 250,000
Maintenance $ 100,000 $ 150,000 $ 200,000
Advertising $ 600,000 $ 800,000 $ 950,000
Company vehicles $ 100,000 $ 150,000 $ 175,000
Rent $ 700,000 $ 750,000 $ 800,000
Accounting and Legal $ 45,000 $ 55,000 $ 60,000
Telephone $ 15,000 $ 20,000 $ 25,000
Insurance $ 800,000 $ 900,000 $ 1,000,000
Depreciation $ 35,000 $ 45,000 $ 55,000
Freight charges $ 150,000 $ 250,000 $ 350,000
Other expenses $ 25,000 $ 35,000 $ 45,000

Total Expenses $ 4,470,000 $ 5,705,000 $ 6,710,000

Net Profit $ 3,780,000 $ 5,795,000 $ 5,790,000