Inventory Vs No Inventory

Printable Form for No Inventory Calculation

Excel Spreadsheet for No Inventory

 

We offer two different ways for you to do your shop.

 

INVENTORY

This traditional method allows you to charge whatever you want for each item, instead of a flat % markup on the whole shop. However, you will have to count your inventory when it arrives, check them against the packing lists we provide, and fill out an inventory sheet upon completion of your shop… so we know how many items you sold and how much to pay us.

Or…

NO INVENTORY PROGRAM EXPLANATION 

For over 35 years, Fun Services has been making the Santa’s Secret Shop® / Holiday Gift Shop® something schools all over the region look forward to all year long. But, the volunteers from the Parent Group aren’t always so excited. They don’t look forward to having to count up all the gifts and keep such a precise inventory.

 

Well, now, you don’t have to! With our new NO INVENTORY PROGRAM we have made it even easier to have a the Santa’s Secret Shop® / Holiday Gift Shop® at your school. You simply pick your percentage markup (between 5% and 25%), we send you the product with price stickers (that already include your markup), and then you sell what you can during your shop. Afterwards, you pack up what’s left and send it back to us with a check for what you sold minus your profit, whatever the markup percentage was.

 

Here’s how you figure that out:

 

It’s easy. Just take your total sales and divide it by one-point-whatever your percentage (XX) was.

 

TOTAL SALES / 1.XX = Money Paid to Fun Services

 

For example, let’s say that you sold $5,750 worth of our product at a 15% markup. So, the easy way to know how much to pay us is to take the total and divide it by 1.15 (since 15% was your markup). So…

 

$5,750 / 1.15 = $5,000 (you keep $750 and send us the rest)

 

If your markup was only 10%, you would divide by 1.10, and the equation would look like this…

 

$5,750 / 1.10 = $5,227 (you keep $523 and send us the rest)

 

If your markup was only 5%, you would divide by 1.05, and the equation would look like this…

 

$5,750 / 1.05 = $5,476 (you keep $274 and send us the rest)

 

This formula will work no matter what the percentage as long as you sell everything at the same markup. You do not have to include your Fun Bucks, the Bonus Box, or the Gift Stocking in the final count – only the items that you have taken money for. It’s that easy! If you have any questions, please ask your account rep for assistance. We look forward to helping you make this year’s shop successful, memorable, and FUN!

Printable Form for No Inventory Calculation

Excel Spreadsheet for No Inventory

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