| Pro Forma Profit and Loss | |||
| Year 1 | Year 2 | Year 3 | |
| Sales | $257,255 | $444,750 | $707,250 |
| Direct Cost of Sales | $97,025 | $122,750 | $162,500 |
| Other Production Expenses | $3,500 | $5,000 | $5,000 |
| Total Cost of Sales | $100,525 | $127,750 | $167,500 |
| Gross Margin | $156,730 | $317,000 | $539,750 |
| Gross Margin % | 60.92% | 71.28% | 76.32% |
| Expenses | |||
| Payroll | $102,000 | $145,000 | $195,000 |
| Sales and Marketing and Other Expenses | $49,000 | $62,500 | $86,000 |
| Depreciation | $0 | $0 | $0 |
| Utilities | $2,400 | $2,400 | $2,400 |
| Insurance | $500 | $500 | $500 |
| Rent | $6,000 | $6,600 | $7,200 |
| Payroll Taxes | $15,300 | $21,750 | $29,250 |
| Other | $0 | $0 | $0 |
| Total Operating Expenses | $175,200 | $238,750 | $320,350 |
| Profit Before Interest and Taxes | ($18,470) | $78,250 | $219,400 |
| EBITDA | ($18,470) | $78,250 | $219,400 |
| Interest Expense | $3,678 | $1,257 | $0 |
| Taxes Incurred | $0 | $23,098 | $65,820 |
| Net Profit | ($22,148) | $53,895 | $153,580 |
| Net Profit/Sales | -8.61% | 12.12% | 21.72% |
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JM Event Planner 