Why are arena prices so high to buy food i mean it just food!!!!!!!! How Much should i bring next time
2007-07-30 12:54:57 · 3 answers · asked by Anonymous in Sports ➔ Other - Sports
Basically, concessions are a way for the building's operator (sometimes the city or county, sometimes the team) to make money. It's a monopoly, since you have one seller of food and drink; you can't go to a competitor.
You'll be interested to know that the markup is about 33 percent for profit purposes. So if you buy a $3 drink, $1 is pure profit. Concessionaires do have extra expenses compared to the corner supermarket, since they have to guess the night's crowd, bring in materials, etc. But it's basically a money-grabbing scheme.
By the way, it's no different at the movies. The theatres pay a lot to the studios for the movies -- something like 90 percent of the take in the first week -- so the concession stand is their way to make money.
2007-07-30 16:33:54 · answer #1 · answered by wdx2bb 7 · 0⤊ 0⤋
around a 100 bucks.
2007-07-30 19:58:28 · answer #2 · answered by rb 2 · 0⤊ 0⤋
they do it because they can. really depends on how much you eat and if you before you go...about 40
2007-07-30 22:10:00 · answer #3 · answered by baller 2 · 0⤊ 0⤋