Gym Profit & Loss Statement

Gym Profit & Loss Statement

This Profit & Loss Statement provides a detailed summary of [Your Company Name]'s financial performance for the [Year]. It includes all revenues, costs, and expenses incurred during the year, giving a clear picture of the gym's profitability.

A. Revenue

Category

Amount (USD)

Membership Fees

$200,000

Personal Training Fees

$50,000

Group Classes

$30,000

Merchandise Sales

$15,000

Nutritional Products

$10,000

Other Income

$5,000

Total Revenue

$310,000

B. Cost of Goods Sold (COGS)

Category

Amount (USD)

Merchandise Cost

$7,500

Nutritional Products Cost

$4,000

Total COGS

$11,500

C. Gross Profit

Category

Amount (USD)

Total Revenue

$310,000

Total COGS

$11,500

Gross Profit

$298,500

D. Operating Expenses

Category

Amount (USD)

Salaries and Wages

$120,000

Rent

$36,000

Utilities

$12,000

Marketing and Advertising

$15,000

Equipment Maintenance

$10,000

Insurance

$8,000

Office Supplies

$2,000

Miscellaneous Expenses

$3,000

Total Operating Expenses

$206,000

E. Operating Income

Category

Amount (USD)

Gross Profit

$298,500

Total Operating Expenses

$206,000

Operating Income

$92,500

F. Other Income and Expenses

Category

Amount (USD)

Interest Income

$500

Interest Expense

$1,000

Net Other Income

-$500

G. Net Income

Category

Amount (USD)

Operating Income

$92,500

Net Other Income

-$500

Net Income

$92,000

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