Profit/loss statement 2022-23 Revenue Food sales $523,500.00 Beverage sales $282,200.00 Total $805,700.00 Costs Food costs $175,372.50 Beverage cost $113,585.50 Total $288,958.00 Gross profit $516,742.00 Expenses Wages $220,842.37 Employee benefits $36,337.07 Direct operating expenses $35,128.52 Music and entertainment $7,573.58 Advertising and promotion $24,573.85 Power and phone $15,630.58 Administrative and general $30,938.88 Repairs and maintenance $19,336.80 Total $390,361.65 Fixed cost Interest $11,924.36 Rates $4,000.00 Insurance $7,440.94 Sub-total $23,365.30 Net profit $103,015.05