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.

2024 (Q1-Q2)

Employee wages: $24/hour, PTO and Sick Leave accrual

Profits/Losses

  • $12,628 net profit (5.45% profit margin)

  • $231,920 in total net sales

    • $98,194 in retail sales

    • $75,442 in alcohol sales

    • $13,086 in nonalcohol drink sales

    • $37,476 in library fees, memberships, and Mug Club fees

Expenses

  • $219,833 total

    • $105,386 in Cost of Goods Sold

    • $29,448 in rent

    • $54,241 in payroll

    • $5,134 in utilities

    • $890 in licensing and property tax

    • $6,847 in credit card processing fees

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

  • $41,044 net profit (9.08% profit margin)

  • $469,043 in total net sales

    • $189,626 in retail sales

    • $163,403 in alcohol sales

    • $22,986 in nonalcohol drink sales

    • $67,693 in library fees, memberships, and Mug Club fees

Expenses

  • $427,998 total

    • $194,878 in Cost of Goods Sold

    • $57,087 in rent

    • $102,628 in payroll

    • $11,332 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

  • $38,583 net profit (9.55% profit margin)

  • $403,889 in total net sales

    • $176,807 in retail sales

    • $162,749 in alcohol sales

Expenses

  • $365,306 total

    • $182,479 in Cost of Goods Sold

    • $52,161 in rent

    • $62,164 in payroll

    • $10,698 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 net sales

    • $153,463 in retail sales

    • $105,931 in alcohol sales

Expenses

  • $302,234 total

    • $153,876 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 net sales

    • $118,679 in retail sales

    • $91,448 in alcohol sales

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% profit margin)

    • $374,858 in total net sales

    • $87,518 in retail sales

    • $249,242 in alcohol sales

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% profit margin)

  • $318,179 in total sales

    • $60,918 in retail sales

    • $222,904 in alcohol sales

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% profit margin)

  • $164,905 in total sales

    • $7,000 in retail sales

    • $140,972 in alcohol sales

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