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Started By
Message
re: Rocco’s math for anyone who cares
Posted on 7/18/23 at 9:48 pm to emanresu
Posted on 7/18/23 at 9:48 pm to emanresu
quote:
Your're just talking about revenue from sales.
Profit = revenue minus expenses
Not sure what their overhead is entirely but you need to also consider their profits from all other alcohol sales as well. It's a large number.
0
Posted on 7/18/23 at 10:00 pm to TexTgrTed
The gross profit on alcohol sales is typically 75%.???? Is that right ? If the COG is 25% then GP % is 75%
Posted on 7/18/23 at 10:09 pm to dukeg7213
Revenue =/= profit
Posted on 7/18/23 at 11:12 pm to Wasp
You talking fixed vs variable costs baw.
Posted on 7/18/23 at 11:58 pm to Wasp
quote:
since their employees aren’t paid a percent of sales
What do you think their gratuities are based on? Tell me you’re a bad tipper w/o telling me you’re a bad tipper.
Posted on 7/19/23 at 3:47 am to Sithil83
Without looking at the P&L, I would have to say your estimate is pretty good. Maybe a little on the low side, but we don't know how much of their sales was from just jello shots, and how much was beverage as opposed to food. Also unknown is how much the jello shot vendor made.
Posted on 7/19/23 at 7:56 am to Dubaitiger
Is sales tax included in the $5 or do they charge tax as a separate line item?
If it’s included, that’s a pretty big additional expense.. 7% of top line revenue? So like $33k.
If it’s included, that’s a pretty big additional expense.. 7% of top line revenue? So like $33k.
Posted on 7/19/23 at 8:38 am to dukeg7213
quote:
Collected: $475,150
Donated: $142,464
Profit: $332,686
Ain’t a bad side gig eh?
Probably going to be closer to 300k with cost for jello shots and $ for staff etc. But yes a very good profit.
Posted on 7/19/23 at 8:42 am to dukeg7213
quote:
Profit: $332,686
That's revenue, not profit.
Posted on 7/19/23 at 11:54 am to dukeg7213
LOL accountants in here finally feeling like their degree is worth something
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