Hmmm...Projections2014...oldmanbadman rdncoic Update
Our net income was $169,607 or $0.001 per share for the 2013 nine-month period compared to a net income of $126,749 or $0.001 per share for the 2012 nine-month period. The increase in net operating income for the 2013 six-month period was a result of an increase in royalty revenue and decrease in administrative expenses during the nine-month period.
So just for fun, look at around $240,000+ net income for 2013. While not a lot, it is net income and not loss. Good. Add income from the new Clubs which are real Profit makers because the 240,000 net income for 2013 paid all the costs for the year. ( General and Administrative Expenses) Without the new Club projected earnings.
The two new Clubs and the success of scoreslive.com could push the net income to around one Million for 2014 which would be roughly $0.006 Cents a share for 2014 low ball figure. High ball figure with increased sales could reach the $0.01 Cents per share for 2014. Just my thoughts and they are good! :) :) :) Billy Badman
Another way to look at the Business plan from SCRH is to understand just what is reported by Scores. Other businesses in the Nightclub game Report total Revenue and then Profit per share. SCRH reports the .05% paid to it from the Clubs(Or a flat rate) and then the earnings or profits. So if SCRH reports a $700,000 total Revenue stream for 2013, that would mean the Nightclubs and the other Revenue like Scoreslive pulled in an impressive $14,000,000 in sales to generate the $700,000 in royalties to SCRH. So we can see here with the numbers given to us, we have a really heathy Business in SCRH.
After admin costs are taken out, the net income is given. As more and more Clubs open, admin costs go down and the net income starts to get impressive.
