Specialty Retail Store
Financial Summary
|
detailed financial analysis provided by seller
|
|
Year
|
2008
|
2007
|
2006
|
|
Data Source
|
Tax Return
|
Tax Return
|
Tax Return
|
|
Income Statement
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|
|
|
|
Revenue
|
223,336
|
271,617
|
169,074
|
|
Cost of Goods Sold
|
121,212
|
148,286
|
84,867
|
|
Gross Profit
|
102,124
|
123,331
|
84,207
|
|
Operating Expenses
|
|
|
|
|
Pre-Tax Net Profit
|
22,881
|
(18,710)
|
(3,607)
|
|
Adjustments
|
|
|
|
|
Interest
|
|
4,278
|
1,089
|
|
Taxes
|
|
|
|
|
Depreciation
|
|
|
|
|
Amortization
|
|
|
|
|
|
|
|
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Owner’s Salary Adjustments
|
|
|
|
|
Owner Salary or Compensation
|
21,500
|
28,399
|
18,188
|
|
Matching FICA Taxes (est.)
|
1,828
|
2,414
|
1,546
|
|
|
|
|
|
Add Backs and Fringe Benefits
|
|
|
|
|
Auto
|
476
|
8,431
|
4,881
|
|
Other Income
|
135
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Discretionary Earnings
|
$46,820
|
$24,812
|
$22,097
|
I. Financial Summary: Due to a reduction in COGS earnings have increased by 53%.