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.
Overhead
Website: $70/month self hosted
Food Truck Payment: $800/month
Gas: $200/month
Food Prep: $1500/month
Advertising: $100/month
Insurance: $250/month
Start-Up Cash
$3,000.00
Your 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 sales jumped up a bit this month – that deal you made with Farmer Black’s Cheese not only brought in sales but made you Allowance Money ($450).
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.
You didn’t even spend extra on advertising this month like you did last month! You may want to consider increasing your Advertising budget from $100 to $200 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 P&L! You made a profit – Congratulations!!
