Finanicial 1

The financial plan for Valor Vista Event Center includes a startup cost of $160,750 for venue upgrades, marketing, staffing, equipment, supplies, and a contingency fund. They expect to host 48 events in the first year, generating an average revenue of $3,825 per event, for a total projected revenue of $183,333. The goal is to position VVHE as a top events destination. Let's start with the financial plan for Valor Vista Event Center. We have meticulously calculated the startup cost required to launch this venture at the Arizona Folklife Reserve. Our initial investment total is $160,750, covering venue upgrades, marketing, staffing, equipment, supplies, and contingency fund. The breakdown includes 60,000 for venue upgrades, 25,000 for marketing and promotion, 40,000 for staffing, 20,000 for equipment and supplies, 15,000 for contingency fund, and 9,000 for the annual cast fund. For the first year, we forecast hosting about 48 events, generating an average revenue of $3,825 per event. This gives us a total projected revenue of $183,333. These projections are based on moderate growth assumptions and named to position VVHE as a premier events destination.