Budget current year (Year Y) - Green Tree Melbourne "Previous Year Actuals (Year Y - 2)" "Previous Year Actuals (Year Y - 1)" Expected Growth "Current Year Budget (Year Y)" "Q1 Budget (Year Y) " "Q2 Budget (Year Y) " "Q3 Budget (Year Y) " "Q4 Budget (Year Y) " Sales Restaurant beverage sales 3,51,000 3,71,000 Restaurant food sales 4,51,000 4,71,000 Catering sales 2,21,000 2,41,000 Total Sales $10,23,000.00 $10,83,000.00 Operating Expenses Food and beverage cost (direct cost of sales) 5,11,500 5,41,500 Advertising 12,100 12,100 Bank Service Charges 1,100 1,100 Credit Card Fees 1,100 1,100 Insurances 24,100 24,100 Payroll 2,35,290 2,49,090 Professional Fees 5,100 5,100 Rent or Lease 48,100 48,100 Hospitality Supplies 18,100 18,100 Licenses 6,500 6,500 Utilities and Telephone 12,100 12,100 Equipment Leases 18,000 18,000 Maintenance 3,000 3,000 Total Operating Expenses $8,96,090.00 $9,39,890.00 Net Profit Before Tax (EBIT) $1,26,910.00 $1,43,110.00 Corporate Taxes @25% Net Profit (or Net Income) $1,26,910.00 $1,43,110.00