Antonelli's projects $80,000 profit on $2.2 million in 2016 revenue
Kendall Antonelli · EP 366: Her Cheese Shop Does $1m+ Annually, EBITDA Low, Why? · Jul 25, 2016 · at 19:14
Kendall Antonelli discusses revenue targets and projected profitability for Antonelli's Cheese Shop in 2016.
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“We think if we hit our numbers, we'll be profitable this year. If we hit 2.2 million, we'll profit about 80,000.”
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More from Kendall Antonelli
Antonelli: Antonelli's Cheese Shop is fully self-funded with no outside investors
“We don't have any investors, we're ourselves right now, we're fully funded ourselves which we like so far, because we like being my own boss, not being accountable to anybody.”
Antonelli: Antonelli's Cheese Shop averages 50% COGS and 50% gross margin
“Our cogs and our profit margin is split basically fifty-fifty percent on average.”
Antonelli's Cheese Shop supplies around 200 Central Texas restaurants and chefs
“Wholesale, so we sell to around 200 restaurants and chefs in Central Texas.”
Wholesale accounted for nearly half of Antonelli's $1.9M 2015 revenue
“Wholesale was almost half of that.”
Antonelli's generated $200,000 from cheese tastings and corporate events in 2015
“And then events, we do, we teach cheese tasting classes, we do wine and cheese appreciation, so we team up with businesses and offer team building events, leadership events client appreciations and then all sorts of other bachelorette parties and this and that…”