In year three they paid 344,000 in security !!!! BLUM Boutique Net Ordinary Income ****As noted in our business plan, Blum will use any and all excess revenues estimated here to providing more services to its patients and contributing to community programs.
*The following estimates are based upon the assumptions we have developed based uponthe financial data we have collected during our operation of the Blum Oakland dispensary
Start up capital from Terra Tech** $ 500,000.00 $ - $ - Merchandise Sales $3,000,000.00 $6,000,000.00 $9,500,000.00 Total Revenue $3,500,000.00 $6,000,000.00 $9,500,000.00 Cost of Product $1,350,000.00 $3,000,000.00 $5,082,500.00 Cost of Testing $40,000.00 $40,000.00 $40,000.00 Packaging Supplies $30,160.00 $30,160.00 $33,176.00 CA BOE County and City Sales Tax $323,750.00 $555,000.00 $878,750.00 Total COGS $1,743,910.00 $3,625,160.00 $6,034,426.00 Gross Profit $1,756,090.00 $2,374,840.00 $3,465,574.00 Accounting Expense $4,500.00 $5,400.00 $6,480.00 Advertising and Promotion $15,000.00 $18,750.00 $23,437.50 Balance forward from previous year $0.00 $7,158.66 $443,718.66 Bank Service Charges $2,200.00 $3,300.00 $5,000.00 Building Maintenance Expense $18,000.00 $22,500.00 $28,125.00 Charitable Contributions $22,500.00 $127,000.00 $222,400.00 Check In/ Validation Expense $2,556.34 $5,112.68 $8,308.10 Computer and Internet Expenses $12,000.00 $5,000.00 $6,250.00 Construction Expense $275,000.00 $30,000.00 $35,000.00 Consulting/Legal $165,000.00 $198,000.00 $237,600.00 Corporation Expense $100.00 $200.00 $300.00 Debt Service $0.00 $150,000.00 $150,000.00 Day Labor $1,000.00 $1,100.00 $1,853.06 Drinking Water Expense $1,000.00 $1,200.00 $1,440.00 Fire Monitoring $500.00 $625.00 $781.25 Garbage Expense $8,000.00 $8,800.00 $9,680.00 Insurance $9,000.00 $9,000.00 $9,000.00 Janitorial Expense $10,000.00 $12,000.00 $14,400.00 Landscaping Expense $2,400.00 $2,880.00 $3,456.00 State and Local Licensing $12,000.00 $10,000.00 $10,000.00 Meals and Entertainment $20,000.00 $24,000.00 $28,800.00 Office Supplies $20,000.00 $24,000.00 $28,800.00 Paychex Invoice Expense $1,500.00 $1,800.00 $2,160.00 Payroll Expenses*** $500,000.00 $575,000.00 $661,250.00 Payroll Benefit Expenses $125,000.00 $143,750.00 $165,312.50 Professional Fees $12,500.00 $15,000.00 $18,000.00 Rent Expense $144,000.00 $148,320.00 $152,769.60 Security Expense $325,000.00 $334,750.00 $344,792.50 Telephone Expense $175.00 $225.00 $247.03 Utility Expense $17,500.00 $19,250.00 $21,175.00 Total Expense $1,726,431.34 $1,904,121.34 $2,640,536.20 $29,658.66 $470,718.66 $825,037.80 Total Other Miscellaneous Expense $22,500.00 $27,000.00 $32,400.00 Net Income **** $7,159 $443,719 $792,638 Margin 0.20% 7.40% 8.34% ** Terra Tech Copr will provide start up capital funding. For proof of these funds please see the Proof of Cap
See Page 101 it is the budget using data from BlumOak
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