Yearly business plan - realistic or not? What else should I account for?
I am looking at buying out my boss. He has 150 hives, and would like to sell out, as he is getting older (65 years old). He treats for most of the pests and diseases, but I would eventually like to go treatment free. He currently only sells honey, no nucs or other hive products. I would like to become migratory when I own enough colonies. Is this a reasonable business plan? Please let me know if there is something you would change. I'd like to be as realistic as possible. Thanks in advance.
150 colonies - annual business plan
- 2 Tylan DC-120 ML
- 1 Bee-vert sugar 50lb SG-850 ML
- 5 Mite Away II Quick Strips DC-640 ML
- ParaMoth 35lb bucket DC-132 ML
- 2 Fumagilin-B 9.5g bottles DC-115 ML
- 7 Bee Pro 50lb bags FD-201 ML
- 115 bags GV Sugar 25lb from Walmart
- 100 traps @ $5.95 each = $595.00
- Queen rearing supplies = $500
- 20 cardboard nuc boxes @ $5.95 each = $119.00
- 20 Nuc box entrance caps @ $0.16 each = $3.20
- 100 deep frames w/ foundation @ $2.30 each = $230.00
Total cost: -$6,156.20
- 50 lbs per hive = 7500 lbs @ $2 per lb = $15000
- 3 oz per hive X 100 = 18 lbs @ $30 per lb = $540
- 50 lbs of pollen @ $17 per lb = $850
- 20 nucs @ $125 each = $2500
- 100 Russian queens @ $30 each = $3000.00
Total gross income: $21,890.00
Total net income: $15,733.80
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