Ddavidchris Posted August 24, 2010 Report Share Posted August 24, 2010 just got back from my bristol vacation. done it many years now 4$$$$$ bottle water come on . ineed 2 set me up a stand and sell it 1$ and still make plenty!!!!!!!!!!!!!!!!!!! do the math 1600000 people!!!!!!!!!!!!!!! fan friendly yeah right!!!!!!!!!!!!!! Link to comment Share on other sites More sharing options...
rebelracewriter Posted August 24, 2010 Report Share Posted August 24, 2010 Then you probably don't want to go to a Cowboys game either......LOL Link to comment Share on other sites More sharing options...
Definitive Posted August 24, 2010 Report Share Posted August 24, 2010 I have no clue what the overhead is for a sporting event.In a restaraunt you shoot for the neighborhood of 30% cost in order to just break even.Wholesale was 92 cents for a bottle of soda the last time I checked.$2.76 would be the break on a 20oz. bottle.$3.50 makes it worth the time messing with it.$4.00 makes sense,considering operating a 160,000 unit sporting event must cost a little more then a normal buisness to operate. It does give us sticker shock when looking at it on the surface.4 bucks....ouch. Link to comment Share on other sites More sharing options...
REBELRACER Posted August 24, 2010 Report Share Posted August 24, 2010 there was people who did that in vegas. the bottled water in the gift shop was like $4, but there was a couple of people that set up with an ice chest full of bottled water and sold them for a buck a bottle. they were raking in the cash since it was 110 degrees. Link to comment Share on other sites More sharing options...
KISS_Racing Posted August 24, 2010 Report Share Posted August 24, 2010 I have no clue what the overhead is for a sporting event.In a restaraunt you shoot for the neighborhood of 30% cost in order to just break even.Wholesale was 92 cents for a bottle of soda the last time I checked.$2.76 would be the break on a 20oz. bottle.$3.50 makes it worth the time messing with it.$4.00 makes sense,considering operating a 160,000 unit sporting event must cost a little more then a normal buisness to operate. It does give us sticker shock when looking at it on the surface.4 bucks....ouch. Did you mean 300%? I paid $3.49 retail for 28 bottles of water at Walmart 2 weekends ago. $1ea is $28.00 profit $24.51 or over 700% profit. WOW! Link to comment Share on other sites More sharing options...
ProTree Posted August 24, 2010 Report Share Posted August 24, 2010 i had a big event this past weekend and sold 20oz bottles of pepsi and mountain dew for $1 each Link to comment Share on other sites More sharing options...
jwmbishop Posted August 24, 2010 Report Share Posted August 24, 2010 To sell at the licensed events you will pay about 30% of gross income - or at best flat rent plus 10%. Take from whats left your labor costs (if you have help), insurance costs, transportation and unsold inventory and you can see why the markups are so high! the end result needs to be 30% of gross income left for YOU - or it ain't worth the hassle. Link to comment Share on other sites More sharing options...
Definitive Posted August 24, 2010 Report Share Posted August 24, 2010 There are many lost leader items that a retail outfit will use to obtain traffic.The store is not counting on certain items to hold up their bottom line.Bulk purchasing by someone like Wal-Mart and others makes it easy to provide such discounts.A sporting facility doesn't have,as Bishop mentioned,it's own transportation system,so they have to absorb a provider's cost on that.My example was for bottled soda and I was actually being conservative in my,off the top of my head,math.I can't recall what we used to pay for the water but it wasn't much less when recieving it through the distributor.Yes,I could have gone to COSTCO every morning at 4am(lol not open) and saved some money,but there is some realism to running a buisness.A 3% profit is doing well in the food service industry.Most don't ever see that.Higher end places beat that but they have alot less volume so it kind of washes out. It's only going to get worse as regulation,labor,tax and licenses etc.,increase.Hint:Watch how you vote....think through the sound bites. Link to comment Share on other sites More sharing options...
marvinmcgee Posted August 24, 2010 Report Share Posted August 24, 2010 The wife and I went to the movies yesterday. "Matinee" @3:30 pm!! $7.00 ea One lg drink and one med popcorn $9.75 Total for a "matinee" movie for two = $ 23.95 At least the A/C was included and the toilets were still free!! Link to comment Share on other sites More sharing options...
neon14 Posted August 24, 2010 Report Share Posted August 24, 2010 If water was 4 bucks I could not imagine how much a beer was. Link to comment Share on other sites More sharing options...
legfixr Posted August 24, 2010 Report Share Posted August 24, 2010 there was people who did that in vegas. the bottled water in the gift shop was like $4, but there was a couple of people that set up with an ice chest full of bottled water and sold them for a buck a bottle. they were raking in the cash since it was 110 degrees. Don't forget, employees, payroll tax, business licenses, insurance, utilities, and all the other variables that legitimate legal businesses have !. Not justifying $4, but its not a fair comparison for the person to go to Sams club and sell it for a buck. Link to comment Share on other sites More sharing options...
KISS_Racing Posted August 24, 2010 Report Share Posted August 24, 2010 there was people who did that in vegas. the bottled water in the gift shop was like $4, but there was a couple of people that set up with an ice chest full of bottled water and sold them for a buck a bottle. they were raking in the cash since it was 110 degrees. Don't forget, employees, payroll tax, business licenses, insurance, utilities, and all the other variables that legitimate legal businesses have !. Not justifying $4, but its not a fair comparison for the person to go to Sams club and sell it for a buck. This country was built on creative ways of making money. If somebody wants to go through the trouble of going to whichever store and gettting water and ice and sell said water for a dollar a piece and I'm walking from the parking lot at TMS to the infield, you bet your sweet (BEEP!) I'm buying a water from him. Better yet if your going by in a golf cart and you have room for me I'm offering you some $$$ so I don't have to walk!!!!!!! HEck, I'd give you $2 for your $1 water just to stay hiderated... Link to comment Share on other sites More sharing options...
PAPA Posted August 24, 2010 Report Share Posted August 24, 2010 What ever happened to "Water Fountains"? They were everywhere at one time. They are gone along with "Free" air and water at the gas pumps. Link to comment Share on other sites More sharing options...
Definitive Posted August 24, 2010 Report Share Posted August 24, 2010 Fear. Link to comment Share on other sites More sharing options...
1275th Posted August 24, 2010 Report Share Posted August 24, 2010 Don't forget, employees, payroll tax, business licenses, insurance, utilities, and all the other variables that legitimate legal businesses have !. Not justifying $4, but its not a fair comparison for the person to go to Sams club and sell it for a buck. ...and state unemployment tax, federal unemployement tax, social security tax, medicare tax, workers comp. insurance, federal and/or state disability tax, paying for federal/state posters and signs and... Link to comment Share on other sites More sharing options...
neon14 Posted August 24, 2010 Report Share Posted August 24, 2010 Check this out. http://nascar.speedtv.com/article/cup-nasc...motel-fleecing/ Link to comment Share on other sites More sharing options...
jwmbishop Posted August 24, 2010 Report Share Posted August 24, 2010 ...and state unemployment tax, federal unemployement tax, social security tax, medicare tax, workers comp. insurance, federal and/or state disability tax, paying for federal/state posters and signs and... Obviously you have been there done that! It never ceases to amaze me. Link to comment Share on other sites More sharing options...
jwmbishop Posted August 24, 2010 Report Share Posted August 24, 2010 Check this out. http://nascar.speedtv.com/article/cup-nasc...motel-fleecing/ The TMS race in April '11 is a night race. I am considering going. I will just refi my house to keep hydrated and sleep in the trunk of my car. Link to comment Share on other sites More sharing options...
thumper Posted August 24, 2010 Report Share Posted August 24, 2010 A soda and bag of popcorn at my local movie house is 10.50.I sneak my own candy. Link to comment Share on other sites More sharing options...
Ddavidchris Posted August 24, 2010 Author Report Share Posted August 24, 2010 If water was 4 bucks I could not imagine how much a beer was. i think it 6$ 4 24oz I'm smart bring mine own Link to comment Share on other sites More sharing options...
Ddavidchris Posted August 24, 2010 Author Report Share Posted August 24, 2010 the track concess stands are run by local church groups Link to comment Share on other sites More sharing options...
Ford27 Posted August 24, 2010 Report Share Posted August 24, 2010 Use to run a blimpies at special events only...we shot for a normal business practice of 300% mark up over cost and made tons of cash at every event..Then venues started mandateing prices to be in line with every other venders and of course that incresed thier cut too and we saw our business drop as it spread to some of the other venders since thier prices were pretty much the same as we now had to charge and our profits dropped as well to where even tho we made money..it wasnt enough to make it worth the work, since we did it as extra money. days of paperwork after the event...I Hate Socialism! Link to comment Share on other sites More sharing options...
jwmbishop Posted August 24, 2010 Report Share Posted August 24, 2010 Oh and ddavidchris - I am a little jealous. Bristol and The Glen are the only two tracks left on my "bucket list". Link to comment Share on other sites More sharing options...
rebelracewriter Posted August 24, 2010 Report Share Posted August 24, 2010 Face it....at a sporting event whether it be NA$CAR, NBA, MLB, NFL.....hell even the minor league hockey teams.....They've got you by the short curlies.....and they know it I think I'll petition for a vaseline concession next...... Link to comment Share on other sites More sharing options...
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