Say the GSO's got 4 full or part-time employees, we average their wages at $25,000/year => $100,000.
If there are any food/snack/etc. consessions, they will be a greater profit center than the gas, so let's just set that aside for simplicity's sake, as well as any taxes or fees associated with it.
Hal accounted for inventory overhead in his calculations.
That leaves business and property taxes, plus any euiqpment loans, and rent/mtg. on the property. For rent/mtg. let's assume the property costs $2.00/sq ft triple net, which should take property taxes into account. Assume a 10,000 sq ft lot for the station, => $240,000/year. That leaves business associated taxes, and here would be where I'd have to fudge. Let's assume $50,000/year, just to be safe(probably on the order of a decimal place, IMNSHO). For equipment/facilities costs, to be safe, let's say he's paying just as much for that, => another $240,000.
I think that should conservatively cover overhead so we have;
From $1 million, still leaves $370,000 in pure profit. And that's not taking a food/snack concession into account, where the net profit margin is >50%(probably closer to 100%).
I think I could suffer through earning that kind of money.
<small>[ 09-02-2005, 11:34 AM: Message edited by: OperaTenor ]</small>