Based on the information provided, the potential profit and expense calculations for the Boca Raton property can be determined using the following formula: Profit = (Number of seats) x (Number of meal seatings) x (Average meal price) x (365 days) - (Food and service expenses) - (Additional costs) For the given information: - Number of seats: 259 - Number of meal seatings: 3 per night - Average meal price: $250 - Food and service expenses as a percentage of revenue: 68% - Additional costs: $9.9 million per year 0 Rent would cost $100 per seat per day. The cost of the mortgage is $125 per seat

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Based on the formula you provided you can calculate the potential profit and expenses for the Boca R... View the full answer