Blackpool EA Hotel Budget
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Input data (all other cells calculated from these)
cost/yrcost
cost/yr amortised over
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number of years:5101520Notes
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Total (inc. amortisation)
£69,357.99£52,880.31£48,046.07£45,628.96
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Total yearly:£40,352.60£40,352.60£38,377.61£38,377.61£38,377.61
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Staff£30,399.08£30,399.08£30,399.08£30,399.08£30,399.08
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Hotel Manager£20,000.00£20,000.00£20,000.00£20,000.00£20,000.00
Nominal 48 hrs/week, but likely to be fewer in practice as large "advice/mentoring slots" won't always be filled
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Hotel Manager (pay in kind [food and board])
£4,109.82
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Hotel Manager (total effective pay)
£24,109.82
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Pay/hour:Holiday cover£1,923.08£1,923.08£1,923.08£1,923.08£1,923.08
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£8.00Weekend cleaning staff£1,976.00£1,976.00£1,976.00£1,976.00£1,976.00
4.75 hours a week (assuming 2 rooms minimum occupied)
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£10.00Weekend manager£6,500.00£6,500.00£6,500.00£6,500.00£6,500.00
12.5 hours over Sat and Sun
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Bills£4,753.52£2,978.53£2,978.53£2,978.53£2,978.53
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Electricity£369.50£369.50£369.50£369.50£369.50
Standing charge + average usage for 1 person (http://shrinkthatfootprint.com/average-household-electricity-consumption)
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Gas£709.50£709.50£709.50£709.50£709.50
Standing charge + average usage for 1 person (https://www.onaverage.co.uk/consumption-averages/average-gas-usage). Useage adjusted upward by factor of 2 to account for big drafty building, and £240/month direct debit - £2880/year - from previous owners)
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Water£428.83£428.83£428.83£428.83£428.83
Standing charge + average usage for 1 person (https://www.ccwater.org.uk/households/using-water-wisely/averagewateruse/). Standing charge based on water bill from previous occupants (inc. 92p/day sewerage charge!)
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Council Tax£1,170.70£1,170.70£1,170.70£1,170.70£1,170.70
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Internet£300.00£300.00£300.00£300.00£300.00
Vodaphone 18 month contract, via https://www.uswitch.com/broadband/postcode_checker/results/?postcode=FY1%205AQ
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Insurance£1,774.99£1,774.99£1,774.99£1,774.99£1,774.99
Guy Penn (Premium + £35 placement fee)
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Other running costs
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Cleaning/Kitchen supplies£54.75
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Maintenance£5,000.00£5,000.00£5,000.00£5,000.00£5,000.00
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Other costs£200.00
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Staff Training£200.00£200.00£200.00£200.00£200.00
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Total yearly (amortised costs):
£29,005.39£14,502.70£9,668.46£7,251.35
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Purchase & setting up
£144,826.95£28,965.39£14,482.70£9,655.13£7,241.35
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Hotel£130,000.00£26,000.00£13,000.00£8,666.67£6,500.00
Is an asset that should be able to be sold for what it was bought for hopefully
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Initial repairs£10,000.00£2,000.00£1,000.00£666.67£500.00
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furnishings£2,550.00£510.00£255.00£170.00£127.50
desk, chair, lamp, multiplug with usb in each room, washing machines and dryers, toaster and hot water dispensers
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survey£440.00£88.00£44.00£29.33£22.00
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conveyancing fees£1,836.95£367.39£183.70£122.46£91.85
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Other£200.00£40.00£20.00£13.33£10.00
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Licenses£200.00£40.00£20.00£13.33£10.00
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Fixed costs
Fixed costs (bills)
Costs
Variable costs
Room charges
Rooms
Time estimates for jobs
Timetable [Manager]
Timetable [Cleaner]
Timetable [Guests]
 
 
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