Sunglasses Importer Distribution Company
Financial Summary
|
detailed financial analysis provided by seller
|
|
Year
|
2008
|
2007
|
|
|
Data Source
|
Tax Return
|
Tax Return
|
|
|
Income Statement
|
|
|
|
|
Revenue
|
102,317
|
90,382
|
|
|
Cost of Goods Sold
|
39,963
|
35,277
|
|
|
Gross Profit
|
62,354
|
55,105
|
|
|
Operating Expenses
|
9,216
|
10,424
|
|
|
Pre-Tax Net Profit
|
53,138
|
44,681
|
|
|
Adjustments
|
|
|
|
|
Interest
|
|
|
|
|
Taxes
|
|
|
|
|
Depreciation
|
|
|
|
|
Amortization
|
|
|
|
|
|
|
|
|
Owner’s Salary Adjustments
|
|
|
|
|
Owner Salary or Compensation
|
|
|
|
|
Matching FICA Taxes (est.)
|
|
|
|
|
|
|
|
|
Add Backs and Fringe Benefits
|
|
|
|
|
Entertainment
|
1,787
|
1,930
|
|
|
Travel
|
|
630
|
|
|
Misc. Supplies
|
1,070
|
837
|
|
|
|
|
|
|
|
|
|
|
Discretionary Earnings
|
$55,995
|
$48,078
|
|
I. Financial Summary: This is a high margin business model that can be expanded to the next level with the right buyer which could lead to greater earnings.