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<br />Cabarrus Arena Food & Beverage Analysis <br />SMG Proposal vs. Eurest Actual <br /> <br /> Eurest SMG SMG <br /> Actual Proposal Proposal <br />Revenue FY2005 FY2005 FY2006 <br />Concessions $ 202,000 $ 202,000 $ 167,766 <br />Catering $ 141,000 $ 141,000 $ 229,784 <br />Commissions $ 2,800 $ 2,800 $ <br />Merchandise $ $ $ <br />Total $ 345,800 $ 345,800 $ 397,550 <br />Expenses <br />Management Fee(Eurest - $30,000; SMG - 5% of Total Revenue) $ 30,000 $ 17,290 $ 19,878 <br />Product Cost $ 124,488 $ 85,067 $ 97,797 <br />Total Labor $ 207,826 $ 175,321 $ 159,020 <br />Indirect Expenses $ 40,543 $ 38,038 $ 43,731 <br />Total Expenses $ 402,857 $ 315,715 $ 320,425 <br />Operational Profit/CLoss) $ (57,057) $ 30,085 $ 77,125 <br />5% Performance Incentive to SMG $ $ 17,290 $ 19,878 <br />Profit Available to Split $ $ 12,795 $ 57,247 <br />County Portion of Split(first $50,000 profit and all profit over $100.000) $ $ 12,795 $ 50,000 <br />SMG Portion of Split(second $50.000 profit) $ $ $ 7,247 <br />Total Proceeds to County(from profit spilt) $ $ 12,795 $ 50,000 <br />Total Proceeds to SMG(management fee, Incentive, and profit split) $ $ 34,580 $ 47,002 <br /> <br />G.-s <br />