GRAYSON'S SMALL ENGINE REPAIR

Grayson's small engine repair is a local business that provides quality repairs for all your small, motorized vehicles such as: Utvs, Atvs, lawn mowers, chainsaws, etc.

BUSINESS GOALS

• To become the top small engine repair shop in South Carolina

COMPETITION

• Vick's lawn mowers
• Anderson motorsports

RENT

• Down payment - $1,000
• Per month - $1,200
• Solving for one year's rent
• 1,000 + (1,200 x m) = 15,400
• M=12

SALARY

• Yearly payment for 1 employee
• Monthly payment=$1,400
• X=$1,400 x 12
• X= $16,800

PAYMENT FOR UTILITIES

• $10,000 for business license
• $200 per month for utilities
• Cost for one year of utilities
• $10,000 + (200 x m) = $12,400
• M=12

TOTAL OPERATING COST

• Rent - $15,400
• Salary - $33,600 (2 employees)
• Utilities - $12,400
• Total - $61,400

OPERATING COST FOR 1, 2, & 3 EMPLOYEES

• (12 x $1,400) x 1= $16,800
• (12 x $1,400) x 2= $33,600
• (12 x $1,400) x 3= $50,400

MONEY NEEDED TO OPERATE WITH 2 EMPLOYEES FOR 3, 6, & 9 MONTHS

• 2 x ($1,400 x 3) =$8,400
• 2 x ($1,400 x 6) =$16, 800
• 2 x ($1,400 x 9) =$25,200

MONEY NEEDED FROM BANK

• 2 employees = $33,600 yearly
• $12,400 = First years expenses
• $15,400 = Year's rent
• Total money needed = About 65k