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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

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

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