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REFR Business Plan
<br /> Phase 1 Phase 2 Phase 3
<br /> Gross Receipt less sales tax $596,700 $819,000 $1,053,000
<br /> Direct Cost of Goods including 15% Excise Tax $369,954 $507,780 $652,860
<br /> Estimated Gross Margin $226,746 $311,220 $400,140
<br /> Gross Margin % 38% 38% 38%
<br /> _ Annual Expenses
<br /> Wages $111,280 $152,048 $207,480
<br /> Rent $21,600 $21,600 $21,600
<br /> Fuel $12,000 $16,470 $21,176
<br /> Marketing $6,600 $7,200 $7,200
<br /> Utilities $4,200 $4,200 $4,200
<br /> Cable/ Internet/ Phones $3,600 $3,600 $3,600
<br /> Track &Trace Software $3,600 $3,600 $3,600
<br /> Insurance $3,000 $4,000 $5,000
<br /> Professional Services $3,000 $4,000 $5,000
<br /> Spoilage / Refunds $1,440 $1,920 $2,400
<br /> Packaging $1,200 $1,440 $1,920
<br /> Miscellaneous Expenses $5,040 $6,000 $7,200
<br /> Total Operating Expenses $176,560.00 $226,078.00 $290,376.00
<br /> _ Annual Profits and Losses
<br /> Net Profit 50,186 $85,142 $109,764
<br /> Net Profit Margin 8.51% 10.39% 10.42%
<br /> 9. FUTURE EXPANSIONS
<br /> Should our Company grow we may decide to expand our service area, possibly by adding
<br /> another warehouse location. If any neighboring cities decide to allow storefront
<br /> dispensaries or if other opportunities present themselves we may consider obtaining
<br /> additional licenses and locations. We may expand into other areas of the industry
<br /> depending on market conditions such as price and availability of product, However our
<br /> primary focus will remain on operation of sustainable and profitable retail operations.
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