Calculate the potential profit. Calculate one for a mortgage and the other if you were to rent.
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Question:
Calculate the potential profit. Calculate one for a mortgage and the other if you were to rent. Here is the information you need:
Profit = number of seats (259 seats and 90% will be occupied on average) x the number of meal seatings (3 per night (6:00 pm, 7:30 pm, and 9:00 pm)) x average meal price of $250 x 365 days of operation.
Food and service expenses are 68% of your revenue. Additional costs including insurance, professional fees, etc. = 9.9 million per year.
Rent would cost $100 per seat per day.
The cost of the mortgage is $125 per seat.
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Authors: Donald Voet, Judith G. Voet, Charlotte W. Pratt
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