The Orange Cow Grilled Cheese Food Truck
Welcome to The Orange Cow, your grilled cheese food truck! Your trendy city customers are so excited to have a new choice for lunch every day! Let’s review your overhead below before getting started.
Website: $70/month self hosted
Food Truck Payment: $800/month
Food Prep: $1500/month
Your First Month’s P&L Spreadsheet
Each month, you will do a P&L Spreadsheet for your business. This spreadsheet will measure your monthly PROFIT & LOSS. P&Ls are very important to your business. You must accurately track where your income comes from and where it must go in order to maintain your business. Your first month of business was May, so June 1st is the time to calculate what you made.
These amounts may or may not vary from month to month. All businesses will incur expenses you did not expect, so having cash on hand is a must.
Looks like that extra $200 above your budget you spent on Advertising (under Misc) paid off! You may want to consider increasing your Advertising budget from $100 to $300 every month if it’s going to bring in this much revenue! But be careful, if your profits suffer, then reduce your spending.
Use the spreadsheet below to calculate your “What ifs.” For example, change the Sales Revenue from $6,400 to $5,500 and see what it does to your Bank Balance!
Check out your first month! You made a profit – Congratulations!!
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We’d love to hear from you.
24031 El Toro Road, Suite 210
Laguna Hills, CA 92653