I just saw a snippet on our local 10 pm news.
The manager of Mike Shannon's a restaurant a block away from Busch Stadium said if the World Series goes a full 7 games it is possible the restaurant will see a 15-20% increase in its annual receipts.
That is a staggering number considering this will happen in a little over a week's time and there would only be 4 games played in St Louis. Of course there would still be a lot of patrons there watching the games that are going to be played in Texas.
But 1/5th of their gross receipts in a week is a lot of liquor.
Crap. Zero I thought I was still in Random Babble. Instead of having a blank post here can you move it please?
Originally Posted by: wpr
If I recall correctly from my days in St. Louis, Mike Shannon was a local celeb re: Cardinals (did Cardinal radio network). And from my experience with one World Series game (against the Brewers, yes it was that long ago), I can imagine a big game-day increase.
Increased demand (perhaps accented by "celebrity factor") also likely means higher price.
To average an extra 15 percent over 52 weeks from a change in just 3 weeks, that change in the 3 weeks would have to be (52*15)/3 = 260%.
Say the restaurant jacked up prices by 10 percent. Then the he'd need extra revenues for the three weeks of about 230%.
Revenue = price x quantity
3.6 x regular weekly revenue = (1.1*regular price) x [(1+x)*quantity], where x = percentage increase in quantity of sales.
x - 1 = (3.6/1.1) -1 = percentage increase in weekly sales during a 3 week series = 227%.
Assuming that Mike Shannon's in non-Series weeks has some empty tables/bar stools/standing-and-drinking room, it's possible.
And do not be conformed to this world, but be transformed by the renewing of your mind, that you may prove what is that good and acceptable and perfect will of God.
Romans 12:2 (NKJV)