ATTACHMENT 1
GUADAGNO & SONS
CONCESSION FEE PROPOSAL
FOR THE CULVER CITY BALLONA FESTIVAL
May 2022
GUADAGNO & SONS IS PROPOSING TO PAY THE CITY OF CULVER CITY THE FOLLOWING FEE AMOUNTS IN CONNECTION WITH THE BALLONA FESTIVAL.
A. GUARANTEED MINIMUM PAYMENT AMOUNT OF $60,000.00 PER 2 ½ DAY CARNIVAL EVENT (FRIDAY NIGHT FROM 4:30 PM TO 10 PM, SATURDAY FROM 10 AM TO 10 PM, SUNDAY FROM 10 AM TO 7 PM) OR THE
AGGREGATE TOTALS OF THE FOLLOWING PAYMENTS, WHICHEVER IS GREATER.
B. 25% UP TO GROSS SALES OF THE FIRST $40,000.00
30% OF THE NEXT GROSS SALES OF $40,000.00
35% OF THE NEXT GROSS SALES OF $120,000.00
40% OF THE BALANCE OF GROSS SALES $200,000.00
C . FOR EACH GAME $ 200.00
D. FOOD CONCESSION $ 500.00
E. PRESALE SALE TICKET SALES 30% OF GROSS SALES
F. GUADAGNO & SONS WILL SUPPLY TO THE FESTIVAL COMMITTEE 100
POSTERS PRINTED TO THE COMMITTEES SPECIFICATIONS AT NO COST TO THE CITY OR THE FESTIVAL COMMITTEE.
G. GUADAGNO & SONS WILL PROVIDE FULL ACCESS TO ALL TICKET NUMBERS AND ACCOUNTING OF ALL SALES DURING THE ENTIRE EVENT.
GUADAGNO & SONS