equipment, Nevertheless, if weather cooperates we should be able to increase revenue in this area.
Kassidy’s Kaf è: $45,400 DECREASED
The bagel shop will continue again in 2024 with additional pastries and sweets. Sales have dwindled in this area, but it remains a popular service for members. We may make some location changes to help save on labor expenses. It will operate on weekends from 8:00 – 10:30am.
Food Truck: Eliminated
Rental Sales $72,300 INCREASED Rental Income saw an increase due to NEW wine locker rentals.
Cost of Sales: Food SAME Food cost of sales is budgeted for 40.5%
2023 Food Sales 38.7% 2022 Food Cost 41.8% 2021 Food Cost projection 43.2%
2020 Food Cost 45% 2019 Food Cost 37.6% 2018 Food Cost 43.2%
Cost of Sales: Beverage INCREASED Beverage Cost of Sales is budgeted at 30%. We have not increased prices in this area in several years. We will need to do so to maintain a 30% liquor cost since catering sales will remain flat. Total Cost of Sales: $1,218,483 This represents the total of all cost accounts. The total cost of sales budgeted for 2024 is $1,241,839. Credit Card Discounts: $15,270 This is to cover the fees for any credit card transactions. It is directly related to catering events and member guests’ usage .
Gross Profit: $2,109,497
Total Operating Expenses: $4,932,328 We anticipate a 7.7% increase in additional expenses from 2023 ’s budget and 4% increase over 2023 ’s projections.
Net Income (Lose): ($2,822,830)
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