| Prepared By : D'Anniballe & Company, Inc. | |||||||||
| August 18, 2004 | |||||||||
| Assumptions | |||||||||
| Warehousing Business | |||||||||
| C Corporation | |||||||||
| Own Building, 35,000 square feet | Cost | 1,500,000 | |||||||
| Inside Equipment | Cost | 2,000,000 | |||||||
| Inventory | 600,000 | ||||||||
| Gross Receipts | 8,000,000 | ||||||||
| Gross Profit | 2,000,000 | ||||||||
| Net Income | 300,000 | ||||||||
| Net Worth | 1,000,000 | ||||||||
| Payroll - assumes no Officers | |||||||||
| Average wage per employee | 25,000 | ||||||||
| Estimated Total Payroll | 1,000,000 | ||||||||
| Estimated Number of Employees | 40 | ||||||||
| Ohio Located in Jefferson County - Island Creek Township - Edison LSD | |||||||||
| Pennsylvania Located in Allegheny County - City of Pittsburgh - Pittsburgh City School District | |||||||||
| West Virginia Located in Brooke County - Village of Beech Bottom | |||||||||