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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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