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Sprint / Midget Combo Show
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1/18/18, 9:19 AM |
#1
Sprint / Midget Combo Show
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Senior Member
Join Date: Sep 2007 Posts: 970 |
Reading the Gas City thread there was one reacquiring idea: Running Sprint and Midgets together at a weekly show. A promoter would be looking at $10,000 purse if he paid $2000 to win Sprints $200 to start and Midgets $1000 to win $100 to start. That equals 833 spectators at $12 per at the gate (666 at $15 per). Lets do a little break down of the costs to run a weekly show, jump in and correct or add any thing I might forget. I am guessing at these cost, lets use this thread to come up with a final number.Not to take shots at my over sites or poor estimates, just a starting place!
Lease: $40,000 by 18 weeks= $2222 Insurance $800 per night Employees 1 Full time $400 per week/ nightly 20 at $40 per= 800 for a total of $1200 Equipment maintenance $500 per week (we will call that gas, oil, fixing, ect... this number is most likely low) Ambulance/staff $750 Advertisement $3,000 Sprint/midget purse $10,000 Utility bills $500 (again on the low end) Permits for the season ? lets guess $1800 per year or $100 per night We are over $19,000 Now lets say we get 22 sprints and 18 midgets for a total of 40 cars, lets average 4 people per car (some bring more, many bring less) that is 160 at $25 per pit pass for a total of $4000. I would guess for a weekly show around 800 spectators per night, keep in mind the low turn out for bad weather could bring this number down just as good weather could make the number go up. 800 x $15 per is $12,000. We are only $3000 short of breaking even. I have no guess what is made off concessions, I know it is not even close to what most people think it is, there is a huge cost in refrigeration, oils to fry in, and loss of product to waist. But if we are looking at concessions to make up the loss to profit ratio why not open a restaurant instead of a race track? Obviously there are other ways to generate revenue, selling sponsorship is one that comes to mind, but most local small tracks do a lot of trading.... |
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1/18/18, 11:04 AM | #2 | ||
Senior Member
Race Count This Year: 3 Race Count Last Year: 25 Join Date: Jul 2009 Posts: 9,098 |
Would a support class or dare I say two pad the back gate enough to make it profitable?
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1/18/18, 11:16 AM |
#3
Re: Sprint / Midget Combo Show
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Senior Member
Race Count This Year: 8 Race Count Last Year: 43 Join Date: May 2012 Posts: 477 |
How many midgets does Mont. get? 18 sounds optimistic to me.
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1/18/18, 11:20 AM |
#4
Re: Sprint / Midget Combo Show
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Senior Member
Race Count This Year: 19 Race Count Last Year: 22 Join Date: Jul 2011 Posts: 2,259 |
Averages in the mid-twenties
__________________
Jim Jones
Midwest Thunder Speed2 Midget #97 |
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1/18/18, 11:23 AM |
#5
Re: Sprint / Midget Combo Show
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Senior Member
Race Count This Year: 8 Race Count Last Year: 43 Join Date: May 2012 Posts: 477 |
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1/18/18, 12:18 PM | #6 | ||
Member
Join Date: Apr 2017 Posts: 63 |
Don't forget, mother nature might have a thing or two to say. 2 weekends of rain out's would set you way back.
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1/20/18, 10:56 PM |
#7
Re: Sprint / Midget Combo Show
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Senior Member
Join Date: Sep 2008 Posts: 1,626 |
I don't think your purse number is correct. I think that you are 4-5k light in the purse. I did a quick google search and most $2000 to win and $200 to start were in the 8k to 9K range. While I don't have a point of reference, I think that both your insurance and utility numbers are low.
I also think that your employee costs are way low. There are some both high risk (flagger, track workers) and high skilled (announcer, judges, Pit steward/line up, pit steward/pit shack) that will not work for $40 a night. There are kids working fast food that make more than $40 a night. Finally, you haven't paid the tax man anything to this point. I forget the exact numbers but the length of years that someone is a promoter is not very promising. I think it was something like 50% of them quit after one season and 75% quit after three years. If promoting a race track was a great way to make money, more people would be doing it. However, if there was a track that ran sprints and midgets every week, I would definitely attend their races. |
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1/20/18, 11:57 PM | #8 | ||
Senior Member
Join Date: Jul 2007 Posts: 1,079 |
You are right. I remember KC raceway,
owner Elanor telling. If she has One rain out. It takes 2 good weekends to break even. How do you factor that in? Lynn |
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1/21/18, 12:54 AM | #9 | ||
Senior Member
Join Date: Jul 2012 Posts: 483 |
Quote:
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1/21/18, 12:57 AM | #10 | ||
Senior Member
Join Date: Jul 2012 Posts: 483 |
That is factored in with track insurance. Most tracks now have a clause in them that allows them to claim (X) number of rainouts per season to help offset the missed revenue.
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Sprint / Midget Combo Show
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