Time to get thirsty!
With an understanding of the unit sale and estimates for average sale price and cost of goods, it is finally time to start creating a financial plan for our lemonade business.
The unit sale is one glass of lemonade.
The average sale is one glass with an estimated average price of $1.00.
The cost of goods include:
- 1 empty cup—$0.10
- 1 lemon, juiced—$0.25
- 1 tablespoon of sugar—$0.15
- 1 cup of water—too small to measure
- Labor for juicing, mixing, and serving—$0.10
The total cost of goods is estimated to be $0.60.
