Where Can I Find Out The Average Amount A Newly Opened Business Can Make (or Loss) In The First Year?
Arraynot found.its a very small retail shop that sells womens clothes shoes outer wear the target market is females 20-55 keepin in mind they are very stylish individuals
let me add i have all the other components of my business plan and i have a ninche market that we provide the highest customer service you will
recieve at any clothing store and that the clothing is fairly priced it will be located in annapolis maryland and the biggest competition is south moon under, nordstroms, and lord and taylor.
so anyways can you please just tell me where to find a reasonable guesstimate of what is to be expected so i can make projected cash flow & income statements
Sorry, but I think you have to figure this out for yourself. Start with how much you expect to sell, less the cost to purchase those items. That leaves your gross profit which must cover all your operating expenses (rent, utilities, wages, advertising, supplies, taxes, insurance, repairs & maintenance, etc). You may also need cash to build inventory and purchase fixtures or office equipment.
There is no good “average” that would be helpful to you. A new company can make or lose any amount imaginable. The best thing to do is to develop a good business plan, laying out in as much detail as possible the things mentioned in the first paragraph.