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F E 2 4, 19 Boa 7 4 <br />PROPOSED OPERATING <br />REVENUE & EXPENSE <br />(BASED ON 50,000 ROUNDS) <br />REVENUE <br />13reer L yes <br />Golf Cart Revenue <br />Driving Range <br />Pro Shop <br />Food & Beverage <br />II. D. Cards <br />Membership <br />TOTAL REVENUE <br />520,686 <br />318,356 <br />20,000 <br />96,000 <br />50,000- <br />12,500 <br />43,800 <br />1,061,342 <br />EXPENSE <br />Golf Course Maintenance 316,381 <br />Clubhouse 298,348 <br />Food & Beverage 83,011 <br />Food & Beverage <br />(Cost of Goods Sold) 40,000 <br />Pro Shop (Cost of Goods Sold) 81,000 <br />General & Administrative 34,511 <br />Depreciation 114,230 <br />TOTAL EXPENSE 967,481 <br />ESTIMATED PROFIT/(LOSS) 93,861 <br />(Net Cost of Goods Sold) <br />The -above profit and loss does not include interest expense <br />which does not have to be paid until September 1, 1989 and <br />will be $201,360 at that time. <br />02/20/87 <br />Mr. Komarinetz reported that we will have a beverage license <br />sometime in April. He believed that the food and beverage <br />business would operate at a loss during the first year, but <br />expected business to increase as the rounds of play increase. <br />69 <br />