RE: London profit31 Aug 2023 14:29
Did you just pluck the 3 million out of the sky . Below is a estimate done by one of the fellow investors To my knowledge it looks very very Conservative . I hope he will not mind me posting
Breakeven for 3 days was 60% at £113 average ticket price. Initially they said 16.5k tickets available per day.
That makes £3.3m needed.
Cutting down to 2 days would mean £2.2m needed.
If assume they are fully liable for Sunday venue costs, plus £400k loan interest plus a few extras. Round it up to £3m needed.
Average ticket price before VAT and Ticketmaster 10% fee is about £150 I think, about £200 face value, if some VIP upgrades included.
Need less than 20k tickets sold to break even. About 60%.
May not be liable for all of Sunday costs or loan interest.
Simple Why do I feel you intentions are not good when posting M8 .