For this festival I have the budget of £3250 to cover all the cost of the location and the merchandise. The cost of the bands will be £4,500 as they are very well known. These cost will all go to bands cost of performing and providing food for the performers.
£800 will be for the production of the posters and the website as it will cost £200 to set up the website. The posters will cost £600 as the creation will be done by me and the print will be a mass scale to make it cheaper as I will order in bulk. Paying for the location will be £1000 and then staff employment will be free because I will promote it for volunteers. The rest of the £1450 will go to the merchandise as it will cost the most so then I can get more merchandise to able to make profit.
500 t shirts. 90p which will be £450 they will be sold at £14.99 a t shirt. This will mean £7045 will be profit. The mugs will be 30p to make and I will make 150 of them. I will sell them at £2.99 which means the profit will be £403.50. The wrist bands will cost 10p to make and I will have a total of 5000 people so 5050 wrist bands will be made so the 50 volunteers can have them. Per person it will cost £89. The cost to make the wrist bands will be £505 but altogether the wrist bands will make a profit of £455,000. The baseball caps will cost 60p too make and I will make 700 of them which will cost £420. But I will sell them at 7.99 each which will come to £5173 profit.
I will be spending £1420 on the merchandise. This means the profit is £445,530 +£7045+£5173
Taking all the cost of it will make £457,748
Gant Chart
Production Plan
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