Operating Statements
OPERATING STATEMENTS
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TYPICAL SMALL BUSINESS OPERATING STATEMENTS=SOURCE: INTERNAL REVENUE SERVICE
TYPE OF BUSINESS
COIN
LAUNDRY
Revenues 100.0%
Cost of Goods Sold - - - -
-Purchases 7.0%
-Labor 0.8%
-Materials & Supplies 2.0%
-Other Costs 1.6%
- - - -
Cost of Goods Sold 11.3%
- - - -
Gross Profit 88.7%
- - - -
Advertising 0.3%
Bad Debts 0.0%
Car & Truck Expense 3.7%
Commissions 2.9%
Depreciation 13.7%
Dues & Publications 0.1%
Employee Benefits 0.0%
Freight 0.1%
Insurance 2.7%
Interest 3.6%
Laundry & Cleaning 0.2%
Legal/Professional 0.9%
Office Supplies 0.1%
Postage 0.0%
Rent 7.6%
Repairs 5.8%
Salaries & Wages 8.4%
Supplies 2.9%
Taxes 2.6%
Telephone 0.6%
Travel/Entertainment 0.4%
Utilities 22.4%
Other 6.2%
- - - -
Total Operating Expense 85.1%
- - - -
NET INCOME 3.6%
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INSTRUCTIONS FOR TYPICAL SMALL BUSINESS OPERATION STATEMENTS
This is data to help you determine whether your planned business is viable
in respect to profitability. It will also help with established
businesses to improve profitability by pin-pointing areas where costs and
expenses deviate from the national norm. Industry averages of costs and
expenses, and profitability based on IRS surveys are provided to compare
with your actual figures. Average percentages shown are considered only as
guidelines. When revenues are low, fixed expenses will probably be
higher in relation to profits than when revenues are high. Also
geographical location will affect these percentages. They should be
used only as targets, and many successful businesses may deviate
substantially. This is a tool to teach you to analyze your own
figures and to assist in preparing your Business Plan.
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Home Counseling Seminar &
Workshops Reference
Library Operating Statements
