I imagine the event costs above include the costs for staff (including janitorial etc.) and food, as well as the upkeep of the properties, which is not included in the ~15M figure and I imagine would be considerable, particularly considering the historical value of the Abbey, meaning the break even point would be farther away than 5 years, although it’s hard to say how far without more information
Yeah the breakeven point is a super rough figure, originally wasn’t going to include it. Paying for staff and food would push out, more events or hiring out for events would bring closer, etc. Main thing I wanted to add to the conversation is a sense of how expensive workshops and retreats are.
Wilton Park and West Court are both historic, so thought they’d be good comparisons (and ones I know).
I imagine the event costs above include the costs for staff (including janitorial etc.) and food, as well as the upkeep of the properties, which is not included in the ~15M figure and I imagine would be considerable, particularly considering the historical value of the Abbey, meaning the break even point would be farther away than 5 years, although it’s hard to say how far without more information
Yeah the breakeven point is a super rough figure, originally wasn’t going to include it. Paying for staff and food would push out, more events or hiring out for events would bring closer, etc. Main thing I wanted to add to the conversation is a sense of how expensive workshops and retreats are.
Wilton Park and West Court are both historic, so thought they’d be good comparisons (and ones I know).