Mobile Oil Change Business Income Statement

Discuss a financial strategy appropriate for a Mobile Oil Change Business. Question that you should discuss are concerned with the procurement of funds. Where will the money come from? When will the funds be secured? Usually funds come from personal savings, general and limited partners, venture capital, loans, generation of sales and services, profits and other sources. Also, discuss how you will prioritize the use of your funds.

A second item that needs to be addressed in your financial strategy are your financial statements. The first and most important for your business plan is the Income Statement. Complete your Income Statement, one for each of the first three years. Attached is a framework to facilitate the development of the Income statement.

Please complete the following Income Statement for a Mobile Oil Change Business.

INCOME STATEMENT

YEARS 1 _____ 2______ 3______

From ____________ to _____________

		Month 1	Month 2		Month 12	Total
	Sales/Revenue
	Credit/Cash Sales
	Less Returns
	Net Sales/Revenue
	Cost of Goods Sold
	Gross Profit
	Operating Expenses
	Wages and Salaries
	Payroll Expenses
	Professional Services
	Depreciation
	Repairs
	Maintenance
	Supplies
	Advertising - Promotion
	Rent
	Interest on Loans
	Telephone
	Utilities
	Insurances
	Other Operating Expenses
	Total Operating Expense
	Profit Before Taxes
	Income Taxes
.	Net Profits