Christopher Jon Luke Dowgin
Salem, MA (USA)
Role(s):
Vingolf Banquet Hall, LLC
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Startup
Location:
Salem
Industry:
Hospitality
Year Founded:
2007
Number Employees:
INVALID
Description:
Vingolf Banquet Hall
Vingolf: The Hall of Friends dedicated to the Goddess where the righteous reside within Norse Mythology. Alternatively read as Vin or Wine Hall.
Cheapest product Price: $15.50 Music Showcase ticket
Largest Ticket price: $8500 Banquet Hall Saturday Rental with no COGS making up 52.4% of sales
Gross profit first year: $1,443,844
Total COGS for year on all services: $139,191
Fixed Expenses: $826,172 (or $1,126,172 with aggressive $300,000 Annual prepayments)
Fed taxes: $119,556 estimated on gross with MARCW deductions of equipment and Solar Incentives.
State/local taxes: $206,345 estimated on 7.29% Manchester property and
Net Profit: $478,481 In the first year ($178,481 after aggressive $300,000 Prepayments on Principal)
2nd year Expansion:Farm stand a