Profit & Loss Statements
Profit & Loss Statements show a snapshot of a businesses operations at a given point in time. Combined with a balance sheet you can determine the profitability of a business, its ability to continue as a going concern. Accurate and up to date information will help you in making the correct decisions for running your business.
The P&Ls posted here are provided by the Towards Wealth readers as aids for you to use in making comparisons and to help you when you are evaluating your prospective business ventures. We wish you the best of luck and good fortune in all your endeavors.
P&L for a Internet Retailer
|
Sales Income |
$968,113 |
|
|
Shipping income |
85,169 |
|
|
Total income |
1,053,282. |
100% |
|
|
|
|
|
Cost of goods sold |
$564,917 |
|
|
Shipping cost |
155,707 |
|
|
Total cost of goods sold |
720,624 |
68.5% |
|
|
|
|
|
Gross Profit |
$331,658 |
31.5% |
|
|
|
|
|
Adv |
1,966 |
0.2% |
|
Bank fees and legal |
10,441 |
1% |
|
Credit card processing |
28,610 |
2.7% |
|
Insurance |
13,619 |
1.3% |
|
Equipment lease |
9,242 |
0.9% |
|
Maintenance |
2,762 |
0.3% |
|
Mileage reimbursement |
3,190 |
0.3% |
|
Rent |
15,600 |
1.5% |
|
Office supplies |
2,923 |
0.3% |
|
Postage |
3,243 |
0.3 |
|
Telephone |
15,245 |
1.4% |
|
Utilities |
2,000 |
0.2% |
|
Warehouse exp |
5,925 |
0.6% |
|
Web site hosting |
4,157 |
.04% |
|
Payroll |
165,421 |
15.7% |
|
TOTAL Expenses |
$286.344 |
27% |
|
|
|
|
|
Profit |
$45,314 |
4% |
|
|
|
|
|
|
|
|
Self Storage Facility P&L
|
Self Storage Facility P&L |
|
|
|
Annual income/expenses |
$ |
% of gross income |
|
Gross revenue all sources |
$430,000 |
100% |
|
Total income |
$430,000 |
100% |
|
|
|
|
|
Operating expenses |
|
|
|
Accounting / legal |
1,600 |
0.33 |
|
Advertising |
19,600 |
4.31 |
|
Insurance |
18,700 |
3.90 |
|
Maintenance |
7,700 |
1.64 |
|
Payroll |
|
|
|
Payroll Taxes |
|
|
|
Postage |
900 |
0.19 |
|
Real estate taxes |
24,000 |
5.16 |
|
Telephone |
4,800 |
1.03 |
|
Leasing fees |
3,500 |
0.75 |
|
Supplies |
2,400 |
0.52 |
|
Utilities |
22,800 |
4.90 |
|
Trash Pick-up |
1,100 |
0.23 |
|
Reserves |
8,000 |
1.72 |
|
Lawn care |
1,000 |
0.20 |
|
Misl |
700 |
0.15 |
|
Management |
38,000 |
7.90 |
|
Total |
$154,400 |
35% |
|
|
|
|
|
Loan |
$830,000 |
|
Payments $7,500 per month |
$90,000 per year |
|
Operating profit |
$275,600 |
|
Cash flow |
$185,600 |
|
|
|