Live event financial forecast - Outcome 1- Task 1C
Overview of projected costs (please add/delete rows as required)
Costs Costs of unit (Where No of units (Where Amount (£) applicable) applicable) Artist Fee (Headliner) 1 £0.00 Artist Fee (Support 1) 1 £0.00 Artist Fee (Support 2) 1 £0.00 Artist Fee (Support 3) 1 £0.00 Artist Fee (Support 4) 1 £0.00 Artist Fee (Support 5) 1 £0.00 Artist Fee (Support 6) 1 £0.00 Venue Hire £200.00 Tickets £0.00 Rider/catering £0.00 Marketing and promotion £0.00 Misc/other £0.00 Total Costs (projected) £200.00
Overview of projected income (please add/delete rows as required)
Advance ticket sales (£x per ticket) £6 0 £0.00 Advance ticket sales (£x per ticket) £3 122 £366.00 On the door ticket sales (£x per ticket) £6 2 £12.00 Merchandise £0.00 Merch item 1 (£x per unit) £0.00 Merch item 2 (£x per unit) £0.00 Programme sales (£ per unit) £0.00 Sponsorship £0.00 Misc/Other £0.00 Total income (Projected) £378.00
Event profit (Total income - total costs) £178.00
Break-even analysis -How many tickets need to be sold to cover costs? 67
Total Costs to be covered (£) £200.00 Ticket price (£) (Based on advance ticket price) 6 Break-even point (total cost divided by ticket price) 33.3333333