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Author Topic: Monthly Expense list Mike Heenan Phenomenal Film Handler Posts: 1896 From: Scottsdale, AZ, USA Registered: Mar 2000 posted 01-14-2011 10:13 PM                     My friend and I are in the process of opening up our own theater. Brad has give me some great advice about start up costs. We're currently revising our business plan with more detailed costs. Does anyone who runs an independent theater have a monthly expense list that they'd be willing to share so that we can see what we're up against?  |  IP: Logged Mike Blakesley Film God Posts: 12767 From: Forsyth, Montana Registered: Jun 99 posted 01-15-2011 09:33 AM                        Well I'm not at the theatre right now so I don't have the books in front of me but here's what I can list off the top of my head: Payroll Film rent Concession supplies Heat/electricity/gas/water Freight charges for film (digital: figure about $40 per title, film: about $60 unless you live near the depot) Other freight charges (concessions and other supplies) Booking fees Advertising Website expense (site design/maintenance and hosting) Maintenance (building and equipment) Travel and entertainment Taxes and license Payroll taxes Mortgage or rental costs Insurance (Liability, business interruption, fire, unemployment, health if you offer it) Set-aside for remodeling, updating, equipment replacement and such Computer software and licensing Non-concession supplies (janitorial stuff, ticket stock, etc.) And the ever-popular "miscellaneous" I'm sure there's a few things I'm not remembering but it's early in the morning!  |  IP: Logged Matt Fields Jedi Master Film Handler Posts: 545 From: Ohio, United States Registered: Jun 2005 posted 01-15-2011 12:28 PM                     I think the most important thing to look at is what your rent/mortage is going to be. That will be your highest fixed cost most likely. You can do a lot of business and still not make good money if the rent/mortgage payment is too high.  |  IP: Logged Joe Redifer You need a beating today Posts: 12859 From: Denver, Colorado Registered: May 99 posted 01-15-2011 02:25 PM                        quote: Mike Blakesley Travel and entertainment Can you clarify this? It sounds like part of the budget is set aside to entertain yourself.  |  IP: Logged Adam Fraser Master Film Handler Posts: 499 From: Houghton Lake, MI, USA Registered: Dec 2001 posted 01-15-2011 05:04 PM                        Travel to trade shows or other official functions would be the largest travel expense. Entertainment includes things like paying for a candy sales rep or service tech's lunch. Both of those categories are under $1000 in our yearly books.  |  IP: Logged Jonathan M. Crist Jedi Master Film Handler Posts: 531 From: Hershey, PA, USA Registered: Apr 2000 posted 01-15-2011 06:01 PM                     Do not forget bank account fees/credit card fees/check order fees etc. People sometimes forget about these fees because they are most often deducted directly from your account.  |  IP: Logged Sean McKinnon Phenomenal Film Handler Posts: 1712 From: Peabody Massachusetts Registered: Sep 2000 posted 01-15-2011 07:46 PM                        quote: Adam Fraser or service tech's lunch. I always thought the service tech was supposed to take the owner out to lunch not the other way around!  |  IP: Logged Mike Heenan Phenomenal Film Handler Posts: 1896 From: Scottsdale, AZ, USA Registered: Mar 2000 posted 01-16-2011 10:02 PM                     Thanks for the all the tips guys!  |  IP: Logged Mike Blakesley Film God Posts: 12767 From: Forsyth, Montana Registered: Jun 99 posted 01-16-2011 11:33 PM                        quote: Jonathan M. Crist Do not forget bank account fees/credit card fees/check order fees etc Very true, good addition. Credit card fees especially, big expense. quote: I always thought the service tech was supposed to take the owner out to lunch not the other way around! It doesn't matter who buys lunch...the owner pays for it one way or the other!  |  IP: Logged Sean McKinnon Phenomenal Film Handler Posts: 1712 From: Peabody Massachusetts Registered: Sep 2000 posted 01-16-2011 11:38 PM                        quote: It doesn't matter who buys lunch...the owner pays for it one way or the other! You got that right!  |  IP: Logged

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