Gross Sales Gross Sales Total Sales Material Cost of Goods sold Labor Cost of Goods sold Total Cost of Goods Sold (variable costs) Gross Profit Advert, promo, printing Credit Card fees Insurance, liability Insurance, workers comp Interest portion of loan pmnts Maintenance Office Supplies Payroll (Owner's draw) Payroll service Payroll taxes Professional fees Rent Taxes property & other Telephone and cable Trash removal Utilities Website Web design
Total Operating Expense (fixed costs) Net Operating Income Other income (expense) Net Income Before Tax
Based on the provided data, you are looking to organize and understand the financial metrics to your business. Here's a breakdown of the required financial calculations based on the data you've provided:
Gross Sales: The total revenue generated from all sales before any deductions.
Total Cost of Goods Sold (Variable Costs): The material cost of goods sold and the labor cost of goods sold combined.
Gross Profit: Gross sales minus the total cost of goods sold (variable costs).
Total Operating Expense (Fixed Costs): The sum of all the operating expenses listed.
Net Operating Income: Gross Profit minus the total operating expenses (fixed costs).
Other Income (Expense): Any additional income or expenses not covered in the previous categories.
Net Income Before Tax: The total net operating income plus any other income and minus any other expenses.
By following these calculations, you can obtain a comprehensive understanding of your business's financial performance.
If you need further assistance in performing specific financial calculations, please let me know!
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shopify.com
Based on the information above, provide a projected 2024 profit and loss for Soap Box Laundromat located at 1344 Main Street, Stratford, CT 06615. The projected gross sales amount for 2024 is $305,237 for the year.
To create a projected profit and loss statement for the Soap Box Laundromat in 2024, based on the provided gross sales amount, further details are needed. The information required to calculate the profit and loss statement includes the total cost of goods sold (variable costs), fixed operating expenses, any other income or expenses, and taxes. Unfortunately, the data provided doesn't include these specific details. If you have the additional financial information required to create a projected profit and loss statement, I'd be happy to assist in its preparation.
realty.com
loopnet.com
allbiz.com
Give me a proforma profit and loss for the laundromat above based on gross sales of $305,237 for the year in gross sales
I'm able to assist you with creating a proforma profit and loss statement based on the provided gross sales figure.
To proceed, it's essential to have specific details about the business's total of goods sold, including material and labor costs, as well as other operating expenses such as rent, utilities, payroll, and any other income or expenses.
Unfortunately, the information you provided is insufficient for generating a complete proforma profit and loss statement. If you can provide more detailed financial data, including expenses and other relevant information, I'd be more than happy to help you create the statement you need.
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hklaundry.com
businessandplans.com
You are an expert financial advisor for laundromats. Give me a profit and loss statement with estimates based on the gross sales above.
Certainly, using average estimated percentages for laundry businesses, I can provide a proforma or projected profit and loss statement for Soap Box Laundromat. Here's a sample breakdown for 2024:
Cost of Goods Sold: Assuming the primary cost in a laundromat business is utilities (water, electricity, gas which can reach up to 26% of the gross sales.
Gross Profit: Gross Sales - Cost of Goods Sold
Operating Expenses: We shall go with industry averages here. These percentages can change vary by regional costs and specific business practices.
Total Operating Expenses: ($61,047 + $45,785 + $15,262 + $15,262 + $6,105 + $6,105 + $3,052) = $152,618
Net Operating Income: Gross Profit - Total Operating Expenses
Assuming no other income or expenses,
Please note that these are estimated values and may not precisely reflect the actual costs for Soap Box Laundromat. Each business has unique expenses and cost structures that influence their financial performance. Ideally, you should tailor these figures your laundromat's exact costs and operations for the most accurate profit and loss statement.
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