Dano762
PR Addict
Making the money
BigDeal is big stuff and will draw good numbers.
BigDeal MX revenue is about $425,000 per year.
How much profit?
Here it is - about $60,000 after taxes. $30.00 per hour if we spend 2000 hours a year on our business.
I am sure this is not accurate and I am way off, but makes the case that our track owners are running the tracks because it is a passion, and not a get rich quick scheme.
Thank you to all the track owners - I appreciate all you do to keep motocross available to us in Ohio.
BigDeal is big stuff and will draw good numbers.
- 4 MX races per year and will have 400 race entries per race and a $35.00 entry fee per race = $56,000 per year in MX race entry fees
- 2 GP races per year and will have 250 race entries per race and a $30.00 entry fee per race = $15,000 per year in GP race entry fees
- 15 practice weekends will draw 300 racers per day and a $25.00 per day practice fee with no gate fee = $225,000 per year in practice fees
- Gate for races is $15.00 per day (remember this is Bigdeal MX) and on average there are 2 gates per race entry = $51,000 per year in gate fees
- Concessions per year 9000 transactions at $7.00 per transaction - we have a prime concession stand = $60,000 in concessions
- T-Shirts and merchandise - 1000 t shirts at $8 per shirt = $8000.000
BigDeal MX revenue is about $425,000 per year.
How much profit?
- The top line is our operating revenue.
- The first set of expenses are our costs to earn the revenue (like fuel, EMT, food, water, etc). Bigdeal is well run and has a healthy 65% margin.
- Our gross profit
- Then indirect expenses
- Which leaves the before and after tax money we have to pay us or to make improvements
Here it is - about $60,000 after taxes. $30.00 per hour if we spend 2000 hours a year on our business.
I am sure this is not accurate and I am way off, but makes the case that our track owners are running the tracks because it is a passion, and not a get rich quick scheme.
Thank you to all the track owners - I appreciate all you do to keep motocross available to us in Ohio.
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