Store Break Even Analysis Paper

At what point will This Store Break Even? This is the question that comes to mind when conducting break even analysis. This concept is used my managers and small business owners to determine what price they must give their goods in order to earn revenue (Gallo, 2014). There is a well thought out equation that will help bring the business owner closer to answering the preceding question. T
BEQ = Fixed costs / (Average price per unit – average cost per unit)
Fixed costs are rent, pay, utilities and other month to month bills that can not be avoided (Debare, 2012). This store will be housed in a facility at least five-thousand square feet. In the sate of Virginia a building of this size will consume at least $290 in utilities and heat. The building will be paid for so there will not be rent just property taxes. There will be no payroll in the beginning as the only employees will be close relatives teen children, siblings of the owners, and the owners. We will have to provide them with meals and bus fare as per my father-in-law (their grandfather) so

I would like for patrons to walk out of the store having paid less than $50.00 for a second hand suit. I would like to price all ties at fifty cent. The shoes will be less than $20. This under cuts major leaders in the industry. I would also like to keep the items priced the same no matter what name brand is on the tag. This is not something my research has shown me that is practiced in this market. I came up with $15 average based on the amount of items sold for under a dollar and trying to maintain a cap of $50 as the highest selling item.
The formula is as follows BEQ = Fixed costs / (Average price per unit – average cost per unit)
BEQ= 1,500/(15-0) it would take 100 units a month to break even with the amount of money I put into the business just paying bills and maintaining the store. In order to fully pay off the loan I used a loan calculator to show the findings