Financial Transparency Through Annual Reporting
Data is provided as information to help dispel some of the illusion of what small business operations entail.
The following is a brief breakdown of some of the key financial figures and costs of the business.
2023
Owner Salary: $30,000 (taken from the profits shown below, after paying business debt)
Employee wages: $24/hour, PTO and Sick Leave accrual
Profits/Losses
$41,240 net profit (9.13% profit margin)
$469,043 in total sales
$209,509 in retail sales (gross)
$163,907 in alcohol sales (gross)
$23,066 in nonalcohol drink sales (gross)
$67,693 in library fees, memberships, and Mug Club fees
Expenses
$427,809 total
$194,733 in Cost of Goods Sold
$57,087 in rent
$102,628 in payroll
$11,279 in utilities
$2,787 in licensing and property tax
$13,143 in credit card processing fees
2022
Owner Salary: $30,000
Employee wages: $22/hour, PTO and Sick Leave accrual
Profits/Losses
$38,723 net profit (+9.59%)
$403,889 in total sales
$191,425 in retail sales (gross)
$163,383 in alcohol sales (gross)
Expenses
$365,166 total
$182,478 in Cost of Goods Sold
$52,161 in rent
$62,164 in payroll
$6,103 in utilities
$2,489 in licensing and property tax
$11,706 in credit card processing fees
2021
Owner Salary: $18,000
Employee wages: $20/hour, PTO and Sick Leave accrual
Profits/Losses
-$20,072 net loss (-7.11%)
$282,162 in total sales
$159,753 in retail sales (gross)
$106,195 in alcohol sales (gross)
Expenses
$302,234 total
$153,875 in Cost of Goods Sold
$50,600 in rent
$48,092 in payroll
$4,986 in utilities
$2,036 in licensing and property tax
$8,344 in credit card processing fees
Note: The following grants were awarded to the business during COVID to help with operations.
City of Reno: $20,000
State of Nevada (CRAG): $10,000
State of Nevada (PETS): $10,000
PPP Round One: $12,185
PPP Round Two: $22,368
SBA Restaurant Revitalization Fund: $71,726
2020
Owner Salary: $0
Employee wages: $11-15/hour
Profits/Losses
-$37,780 net loss (-16.56%)
$228,186 in total sales
$116,566 in retail sales (gross)
$91,400 in alcohol sales (gross)
Expenses
$265,966 total
$133,485 in COGS
$50,600 in rent
$24,832 in payroll
$4,850 in utilities
$2,292 in licensing and property tax
$7,007 in credit card processing fees
2019
Owner Salary: $30,000
Employee wages: $11-$15/hour
Profits/Losses
$47,935 net profit (+13.51%)
$374,858 in total sales
$92,835 in retail sales (gross)
$249,721 in alcohol sales (gross)
Expenses
$326,923 total
$153,814 in COGS
$47,271 in rent
$48,701 in payroll
$5,019 in utilities
$1,942 in licensing and property tax
$9,629 in credit card processing fees
Note: 2018 and 2017 profits/losses are skewed towards a more positive total and % due to the owner working a large amount of shifts and hours. As a sole owner LLC, the owner salary figure is inflated to reflect being paid for wages worked, but the true profit/loss figures for the business itself are much lower than presented if the owner would have instead been paid out in weekly/monthly salary draws, subtracted from the business profits.
2018
Owner Salary: $45,000
Employee wages: $9-10/hour
Profits/Losses
$82,024 net profit (+34.73%)
$318,179 in total sales
$58,024 in retail sales (gross)
$222,904 in alcohol sales (gross)
Expenses
$236,155 total
$113,668 in COGS
$45,630 in rent
$28,152 in payroll
$4,552 in utilities
$1,454 in licensing and property tax
$8,470 in credit card processing fees
2017
Owner Salary: $25,000
Employee wages: $10/hour
Profits/Losses
$35,190 net profit (+20.8%)
$164,905 in total sales
$7,000 in retail sales (gross)
$140,972 in alcohol sales (gross)
Expenses
$133,862 total
$68,074 COGS
$31,590 in rent
$6,487 in payroll
$3,007 in utilities
$1,888 in licensing and property tax
$4,147 in credit card processing fees