FINANCIAL PROJECTIONS

Year 1 Year 2 Year 3

Sales

Retail Products $ 20,000 $ 35,000 $ 44,000

Labor Sales 42,000 64,000 83,475

Total Sales $ 62,000 $ 99,000 $127,475

Expenses

Advertising $ 1,500 $ 2,800 $ 3,500

Bank Charges 350 350 350

Insurance 1,450 1,750 2,000

Miscellaneous 1,000 1,150 1,200

Office Expenses 800 1,200 3,500

Professional Fees 300 300 300

Rent 10,800 10,800 10,800

Repair/Maintenance 200 300 400

Telephone 875 1,000 1,000

Utilities 2,580 2,900 3,100

Total Expenses $ 19,855 $ 22,550 $ 26,150

Profit from Operations $ 42,145 $ 76,450 $101,325

Other Expenses

Equipment Lease $ 1,200 $ 2,900 $ 4,500

Loan Payment 3,600 3,600 3,600

Equity Line 3,500 3,500 3,500

Employee Benefits 0 3,400 3,575

Total Other Expenses $ 4,800 $ 13,400 $ 15,175

Net Profit $ 37,345 $ 63,050 $ 86,150