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Scenario 1
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Monthly Average Estimate
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Income
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Ballroom and Lounge Rental
$4,500.00
Based on 3 events per month at an average of $1,500 Per Rental
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Food $6,075.00
Based on 75 people and average of $27 Per Person
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Beverage$750.00
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Bartender Fee
$1,000.00
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Friday and Saturday Evening Income
$1,000.00
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Total Income
$13,325.00
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Expenses
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Line of Credit
$1,000.00
Based on loaning $60,000 at 7.45% to be paid back ~ 6 years
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Event Manager
20 Hours Per Week
$2,000.00
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Additional Wait Staff
$1,500.00
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Cost Of Goods Sold Food and Beverage
$3,130.00
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Total Expense
$7,630.00
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Net Income
$5,695.00
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Annual Estimated Income
$68,340.00
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Scenario 2
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Monthly Average Estimate
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Income
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Ballroom and Lounge Rental
$4,500.00
Based on 3 events per month at an average of $1,500 Per Rental
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Food $6,075.00
Based on 75 people and average of $27 Per Person
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Beverage$750.00
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Bartender Fee
$1,000.00
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Friday and Saturday Evening Income
$1,000.00
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Total Income
$13,325.00
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Expenses
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Event Manager
20 Hours Per Week
$2,000.00
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Additional Wait Staff
$1,500.00
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Cost Of Goods Sold Food and Beverage
$3,130.00
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Total Expense
$6,630.00
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Net Income
$6,695.00
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Annual Estimated Income
$80,340.00
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