detailed financial analysis provided by seller

Year

2008

2007

2006

Data Source

Tax Return

Tax Return

Tax Return

Income Statement

Revenue

412,922

432,166

Cost of Goods Sold

261,646

211,573

Gross Profit

151,276

220,593

Operating Expenses

148,536

182,935

Pre-Tax Net Profit

2,740

36,850

Adjustments

Interest

Taxes

Depreciation

3,262

Amortization

Owner’s Salary Adjustments

Owner Salary or Compensation

Matching FICA Taxes (est.)

Add Backs and Fringe Benefits

Other Expenses

11,594

Full-Time Manager

38,000

38,000

Manager’s Insurance

7,200

Discretionary Earnings

$62,796

$74,850