Gilbert Welsford

We own the majority of the equipment that we put onto our tours and onto our one-off events such as corporate events like Ascend.

So our profit margins for one-off events, well, for most events, are around 70% to 80%.

But that is pre-capital purchases, which is a pretty large line item.

Yes.

Yeah, exactly.

Exactly.

That's like our general overhead.

Well, so we're still in a high-growth mode, and that's one of the reasons that we've been winning a lot of business is that we invest a lot of our profit at the end of the year or profit at the end of the month in inventory.

So out of that 70,000, we probably invested about 50 into new equipment, which includes staging, audiovisual, audio, and lighting.

So the general rule of thumb is that you rent equipment out for one day.

You rent it out at 10% of the purchase price.

So depending on how often that equipment is rented out,

you could pay it off in a couple weeks or you could pay it off in a couple years.

But what we try to focus on is to have that piece of equipment paid off in six months.

It does.

I'm very, very, very blessed that my business partner really runs the day-to-day operations of our productions.

He's running all of our labor.

He's running the warehouse.

He's making sure that everything happens and it happens in an orderly fashion.

My role in the business is to really grow and to move into other cities and that type of thing.