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Our utility costs include monthly charges for high-speed Internet access via a corporate account, which will essential to delivering our finished images to most of our customers.The optimum level of profitability for this one-photographer shop is reached in 2008.High resolution printing will be outsourced and is included under Cost of Goods Sold.
Phoebe's Photo Studios is part of the photographic portrait studio industry (SIC Code 7221).
Industry standard growth is currently 7.3% annually.
Our profit margins are much higher than the industry average because of our innovative product-delivery options - digital images require no film, no paper, and no chemicals, just storage units (CDs and DVDs) and delivery (computer and Internet access).
Cash reserves reach the minimum point in March 2006.
The start-up requirements for Phoebe's Photo Studio including start-up expenses, current assets, cash on hand, and long-term assets were presented earlier in this plan. The owner, Phoebe Peters will provide a seed investment.
A loan for the balance will be secured by real estate.
Our photo studio includes quality props for portraits and baby, child and pet photography.
The physical environment of the studio is fun and accessible, making families want to come here.
The higher operating cost ratio in the first reflects the higher costs of advertising to establish visibility at the start of the business.
This business is projected to become profitable in May 2006, after the start-up advertising is completed and customers begin to discover the service.