RayJay Revenue vs. OCS Revenue?

[Triple B]

Football

In 2010, throughout seven home football games held at the Papa John’s Cardinal Stadium, Louisville received $785,000.00 in concession revenue.

This dollar amount represents Louisville’s 30 percent split with its concessionaire, Centerplate. Thus, in seven home football games, Louisville sold $2,616,666.66 worth of concessions, or on average, $373,809.52 worth of hot dogs, peanuts, beer and other concessions during each game. Louisville does not breakdown what dollar amount of sales is attributed to a particular item, such as hot dogs, pizza or beer.

http://businessofcol...011/10/26/1006/

The question would be is that 30% or gross sales or 30% of the net profit?

It's not a question to anybody who read and comprehended that ...

O-kay...Then tell me what is in Louisville's contract with their concessionaire. Is it 30% or gross sales or 30% of the net revenue? Anyone with any real world business experience at all knows the difference between the two is significant and why.

The answer is in the numbers given in the article .... you're just playing stupid, right?

Pete is a little slow.

Actually, he is a little slow or he would have backed up his contention about the author already .... Took me 5 seconds to see that PP is probably right about what the author did. That's probably the only thing Mizzou's gotten right on this thread.

[Triple B]

Aramark runs the concessions at the baseball stadium and the Sun Dome. Pretty sure they run the whole campus. Don't know what the percentage USF receives, if any. They may get paid a set fee by Aramark to let them run the concessions.

Aramark is a for profit company and does not work for a set fee. The last thing Aramark wants is for their client to see the internal figures regarding food cost, labor and net profit they are making.

It isn't at all difficult to figure out those numbers. Food costs and labor costs are the same, no matter who is running concessions.

Not really...good management can run better numbers, but all this seems to be too complicated for Academia anyway.

With all your great wisdom of the burger and fries industry, please tell us why most sports venues and business contract out their food service needs rather than reaping all the profits themselves?

Hold the onions!

Most sports venues do not. Those that do is because of sheer stupidity.

A quick list of a lot of those that don't contract out shouldn't be a problem then ...?

Go for it then.

LOL ... Not how it works, Sparky. You're just throwing out ******** until you back it up.

[mikebeau]

http://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=9&ved=0CGEQFjAI&url=http%3A%2F%2Fm.sportsbusinessdaily.com%2FJournal%2FIssues%2F2012%2F06%2F25%2FFacilities%2FBrowns.aspx&ei=JXVrUKCYAsnJ0QHmr4FI&usg=AFQjCNGvfu6ttVbj-mfykUsK_QIHQ5E8cw&sig2=04xqz_KGMhiHi0EbSeTxig&cad=rja

[Plantation Pete]

Aramark runs the concessions at the baseball stadium and the Sun Dome. Pretty sure they run the whole campus. Don't know what the percentage USF receives, if any. They may get paid a set fee by Aramark to let them run the concessions.

Aramark is a for profit company and does not work for a set fee. The last thing Aramark wants is for their client to see the internal figures regarding food cost, labor and net profit they are making.

It isn't at all difficult to figure out those numbers. Food costs and labor costs are the same, no matter who is running concessions.

Not really...good management can run better numbers, but all this seems to be too complicated for Academia anyway.

With all your great wisdom of the burger and fries industry, please tell us why most sports venues and business contract out their food service needs rather than reaping all the profits themselves?

Hold the onions!

Most sports venues do not. Those that do is because of sheer stupidity.

A quick list of a lot of those that don't contract out shouldn't be a problem then ...?

Go for it then.

LOL ... Not how it works, Sparky. You're just throwing out ******** until you back it up.

Naw...You're not really interested in a discussion where you might actually learn something, you just want to be an obtuse blockhead.

Never try to teach a pig to sing. It's a wast of your time and it frustrates the pig.

[mikebeau]

http://crosscut.com/2012/09/26/food/110691/holden-stadium-food-mariners-seahawks-sounders/

[mikebeau]

http://www.bizjournals.com/washington/print-edition/2012/03/30/stadium-food-vendors-concede-profits.html?page=all

[mikebeau]

http://www.marketwatch.com/story/aramark-kicks-off-2012-football-season-with-new-expanded-menus-2012-09-04

[Dhambuc]

Why are we even attempting to debate or discuss with this troll? The one with the Beer in his mouth with the college sweatshirt on. He is just trying to bait us and seems to be doing a good job.

Ignore it and it will go away.

[gainesvillebull]

Football

In 2010, throughout seven home football games held at the Papa John’s Cardinal Stadium, Louisville received $785,000.00 in concession revenue.

This dollar amount represents Louisville’s 30 percent split with its concessionaire, Centerplate. Thus, in seven home football games, Louisville sold $2,616,666.66 worth of concessions, or on average, $373,809.52 worth of hot dogs, peanuts, beer and other concessions during each game. Louisville does not breakdown what dollar amount of sales is attributed to a particular item, such as hot dogs, pizza or beer.

http://businessofcol...011/10/26/1006/

The question would be is that 30% or gross sales or 30% of the net profit?

It's not a question to anybody who read and comprehended that ...

O-kay...Then tell me what is in Louisville's contract with their concessionaire. Is it 30% or gross sales or 30% of the net revenue? Anyone with any real world business experience at all knows the difference between the two is significant and why.

It's not a question to anybody who read and comprehended that ...because the answer is in black and white in the article.

It really is in the numbers let's see the total was 2,616,666.66 Louisville got 785,000.00 do the math.

[mikebeau]

http://www.aramarkentertainment.com/venues/venues-listing/venuetypeid/allstadiums.aspx