The Prefect
Active Member
He used Charlton as an example, they made £700k in food and beverages a year, sisu were offered £100k by acl. Remember as well this is with Fishers spin on it. So all this is for £600k a year.
I think its pretty easy to see if it makes sense!
Food and drink sales. I suspect the £700,000 quoted by TF is turnover - and not profit. Having worked in food all my life then then the gross margin (profit) would be in the region of £375,000 with costs to come out. I suspect that cost would take out circa £250,000 leaving about £125,000 profit - not too far from the figure ACL offered. I suspect the £100,000 from ACL would be unencumbered (a net figure)- where the Charlton figure is a gross figure of pure turnover. I suspect that TF compares apples with pears and had done so purely to confuse.
Fletcher wants turnover - so the 60% rule allows a higher budget. None of this is about profit it is purely turnover.