Recoupment Chart

Five-week World Premiere: Leeds, Hull and London

Total Gross Box Office Potential

5 weeks

£2,270,000

5 weeks

Weekly Running Costs

£525,000 total

£105,000

£525,000 total

Required Capital Raise

£750,000

Leeds

£1,460,000

Weeks 1–3 · 3 weeks

Hull

£260,000

Week 4 · 1 week

London

£550,000

Week 5 · 1 week

Percentage capacity

100%

Gross Box Office (5 Weeks): £2,270,000
VAT and credit card fees: £492,000
Net Box Office: £1,778,000
Royalties (16% of Net): £285,000
Venue share (Hull percentage arrangement only): £26,000
Production Surplus: £1,468,000
Running Costs (5 Weeks): £525,000
Merchandise — excluded from this recoupment illustration: £60,000
Estimated Theatre Tax Relief: £275,000
Less Capitalization: -£750,000
Post-Recoupment Net Profit: £468,000
Investor Profit Pool (60%): £281,000
Investor Capital Still Unrecouped: £0

Percentage capacity

90%

Gross Box Office (5 Weeks): £2,043,000
VAT and credit card fees: £443,000
Net Box Office: £1,600,000
Royalties (16% of Net): £256,000
Venue share (Hull percentage arrangement only): £23,000
Production Surplus: £1,321,000
Running Costs (5 Weeks): £525,000
Merchandise — excluded from this recoupment illustration: £60,000
Estimated Theatre Tax Relief: £275,000
Less Capitalization: -£750,000
Post-Recoupment Net Profit: £321,000
Investor Profit Pool (60%): £193,000
Investor Capital Still Unrecouped: £0

Percentage capacity

80%

Gross Box Office (5 Weeks): £1,816,000
VAT and credit card fees: £393,000
Net Box Office: £1,423,000
Royalties (16% of Net): £228,000
Venue share (Hull percentage arrangement only): £21,000
Production Surplus: £1,174,000
Running Costs (5 Weeks): £525,000
Merchandise — excluded from this recoupment illustration: £60,000
Estimated Theatre Tax Relief: £275,000
Less Capitalization: -£750,000
Post-Recoupment Net Profit: £174,000
Investor Profit Pool (60%): £105,000
Investor Capital Still Unrecouped: £0

Percentage capacity

68%

Gross Box Office (5 Weeks): £1,546,000
VAT and credit card fees: £335,000
Net Box Office: £1,211,000
Royalties (16% of Net): £194,000
Venue share (Hull percentage arrangement only): £17,000
Production Surplus: £1,000,000
Running Costs (5 Weeks): £525,000
Merchandise — excluded from this recoupment illustration: £60,000
Estimated Theatre Tax Relief: £275,000
Less Capitalization: -£750,000
Post-Recoupment Net Profit: £0
Investor Profit Pool (60%): £0
Investor Capital Still Unrecouped: £0

Percentage capacity

50%

Gross Box Office (5 Weeks): £1,135,000
VAT and credit card fees: £246,000
Net Box Office: £889,000
Royalties (16% of Net): £142,000
Venue share (Hull percentage arrangement only): £13,000
Production Surplus: £734,000
Running Costs (5 Weeks): £525,000
Merchandise — excluded from this recoupment illustration: £60,000
Estimated Theatre Tax Relief: £275,000
Less Capitalization: -£750,000
Post-Recoupment Net Profit: -£266,000
Investor Profit Pool (60%): £0
Investor Capital Still Unrecouped: £266,000

Percentage Capacity

100%

90%

80%

68%

50%

Gross Box Office (5 Weeks)

£2,270,000

£2,043,000

£1,816,000

£1,546,000

£1,135,000

VAT and credit card fees

£492,000

£443,000

£393,000

£335,000

£246,000

Net Box Office

£1,778,000

£1,600,000

£1,423,000

£1,211,000

£889,000

Royalties (16% of Net)

£285,000

£256,000

£228,000

£194,000

£142,000

Venue share (Hull percentage arrangement only)

£26,000

£23,000

£21,000

£17,000

£13,000

Production Surplus

£1,468,000

£1,321,000

£1,174,000

£1,000,000

£734,000

Running Costs (5 Weeks)

£525,000

Merchandise — excluded from this recoupment illustration

£60,000

Estimated Theatre Tax Relief

£275,000

Less Capitalization

-£750,000

Post-Recoupment Net Profit

£468,000

£321,000

£174,000

£0

-£266,000

Investor Profit Pool (60%)

£281,000

£193,000

£105,000

£0

Investor Capital Still Unrecouped

£0

£266,000

Modeled recoupment point: approximately 68% of modeled gross potential, based on the assumptions shown and including estimated UK Theatre Tax Relief. At this modeled point, new investor capital is fully recouped and Post-Recoupment Net Profit is £0. This is not a guarantee. Theatre Tax Relief is estimated and remains subject to qualifying expenditure and a successful claim.

50% capacity downside: lower box-office performance leaves £266,000 of total investor capital unrecouped in the model. Theatre investment involves substantial risk; lower performance may result in only partial return of capital or loss of the entire investment.

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