Sally decides to purchase a mobile pet grooming van. She purchases a brand new Ford F350 extended with a three years – thirty-six-thousand mile warranty, fully converted with all the options that a groomer dreams of, for an unbelievable price of $59,995. She puts a small down payment and finances the balance at $1,000/mo.

Unlike a mobile pet grooming van, a storefront salon continues to pay rent, continues to pay employee wages, continues to pay utilities, continue to be committed to be open 6 days a week, 10 hours a day whether it is busy or not, continues to have to renew a lease with an increase every single year, and continues to have to groom a minimum of 10 pets a day just to break even.

Sally is smart, after paying off the mobile grooming van; she has no expenses except for gas, insurance and supplies. Sally only wants to groom five dogs or cats a day at an average of $75 each. She only wants to work five days a week and she wants to choose her hours.

How much money can Sally make in a month from grooming dogs and cats?

Daily income, no tips included = 75 * 5 = $375
Weekly = $375 * 5 = $1875
Monthly = $1875 * 52 / 12 = $8125

Sally’s monthly gross revenue = $8125

Monthly Profit & Loss

Revenue:                                            $8125

Expenses:

Van Payment:         $1000
Insurance:               $200
Gas:                        $600
Supplies:                 $200
                              ______
Total Expenses:      $2000
                                                            ______
Monthly Net Profit:                              $6125

Annual Net Profit:                                $73,500
                                                              ======

When van is paid off:                              $85,500
                                                                ======

Question

Is Sally Smart Going Mobile Grooming?	Yes No

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