THE BUSINESS OF AGRITOURISM
PROJECTED OPERATING EXPENSES Once you are up and running you will have ongoing or direct expenses that also need to be projected. Whether you have one guest or 1,000, you will have costs associated with this new venture. Examples of Operating Expenses:
++ Accountant expenses (creating corn ++ Activity maze, building wagons, etc.) permits, licensing, ++ Annual inspection fees maintenance & repairs ++ Building Computer updates & repairs ++ Food, cleaning ++ supplies, packaging diesel & oil ++ Gas, ++ Insurance expense ++ Interest for retail sales ++ Inventory Labor ++ Legal ++ Machinery & equipment ++ including upkeep including ++ Marketing social media ++ Payroll taxes ++ Payroll farm supplies ++ Petting Portable ++ Postage restrooms ++ Property maintenance & repairs ++ Property taxes ++ Supplies ++ Telephone ++ Communication devices ++ for staff ++ Uniforms ++ Utilities disposal ++ Waste ++ Miscellaneous Remember most new businesses don’t make money their first year or second or sometimes, even the third. Be financially prepared to handle a loss as you build your customer base.
73
Finances
AGRITOURISM
cash flow sales/ income LEVEL
1
CONSERVATIVE
LEVEL
2
MOST LIKELY
LEVEL
3
OPTIMISTIC
YEAR
1
YEAR
2
YEAR
3