The Financials
Business Models
Setup Costs
Operational Costs
Gross Profit
MiaMox Party Solutions: The Financials
Business Models
There are various business models you may wish to consider. You may wish to run your business as a full time occupation or just part time on the weekends. The projected income will differ depending on the model you choice. You may wish to start small and expand as you become more successful.
Example Weekend Go Karting Model
This is an example of a go-karting business operating at 230 parties a year and 20 public events operating on the weekends only:
| Start Up Costs | |
| Equipment | 12,000 |
| Training | 1,800 |
| Software Configuration | 1,000 |
| Sundries | 200 |
Year One |
Year Two |
Year Three |
Year Four |
Year Five |
|
| Income | |||||
| Party Bookings | 35,000 |
45,000 |
55,000 |
55,000 |
55,000 |
| Events | 6,000 |
8,000 |
10,000 |
10,000 |
10,000 |
| Total Income | 41,000 |
53,000 |
65,000 |
65,000 |
65,000 |
| Expenses | |||||
| Events Commission | 900 |
1200 |
1500 |
1500 |
1500 |
| Approximate Venue Hire | 7350 |
9450 |
11550 |
11550 |
11550 |
| Printing Costs | 300 |
300 |
300 |
300 |
300 |
| Insurance | 750 |
650 |
550 |
550 |
550 |
| Maintenance | 50 |
150 |
350 |
750 |
750 |
| Advertising | 2000 |
2000 |
2000 |
2000 |
2000 |
| Miamox | 1,250 |
1,250 |
1,250 |
1,250 |
1,250 |
| Operating Expenses | 12,600 |
15,000 |
17,500 |
17,900 |
17,900 |
| Financing Costs | 4,500 |
4,500 |
4,500 |
0 |
0 |
| Total Expenses | 16,850 |
19,250 |
21,750 |
17,650 |
17,650 |
| Operating Profit | 23,900 |
33,500 |
43,000 |
47,100 |
47,100 |
This is an example of weekend only business, your own profit margins will depend on your levels of bookings, personal commitment and decision making.