Rangeleigh Beauty Wellness Salon

Projected Statement of income

For the years 1-5
(In Thousand Pesos)
Year 1 Year 2 Year 3
SALES 360,000.00 540,000.00 810,000.00
Less: Cost of Sales 108,000.00 162,000.00 243,000.00
Net Sales 252,000.00 378,000.00 567,000.00

Important assumptions:
1. Sales Increase by 50% each year
2.Cost of Sales were only 30% of sales

Rangeleigh Beauty Wellness Salon

Projected Statement of Income
For the years 1-5
Year 1 2 3
Revenue:
Service Revenue 6000000 9000000 13500000
Other Income 252,000.00 378,000.00 567,000.00
Gross Profit: 6,252,000.00 9,378,000.00 14,067,000.00
Less Expenses:
Salaries 2400000 3600000 5400000
Rent 35000 35000 35000
Depreciation 100000 100000 100000
Lights and Water 24000 31200 40560
Advertising expense 24000 24000 24000
Interest Expense 99000 99000 99000
Total: 2682000 3889200 5698560
Net income: 3,570,000.00 5,488,800.00 8,368,440.00

Important Assumptions :
1. Revenue increases by 50% each year
2.Salaries will be 40% of the Total Revenue
3.Lights and Water increases at the same rate each year
 Year 4 Year 5
1,215,000.00 1,822,500.00
364,500.00 546,750.00
850,500.00 1,275,750.00

4 5

20250000 30375000
850,500.00 1,275,750.00
21,100,500.00 31,650,750.00

8100000 12150000
35000 35000
100000 100000
52728 68546.4
24000 24000
99000 99000
8410728 12476546.4
12,689,772.00 19,174,203.60