HomeMy WebLinkAboutM-79-0011t 1AMAR1fA- R85tMt kAN?
'01t Atli -0-i1L8tiL 8 1071- 1'0 1977
Restaureor
Lost before to for.
Overhead ...: Overhead
1971 $ 849,289 $ 296,246 $ 70,084 $ 366,330
1972 1,013,851 348,148 103,866 452,014
1973 1,423,129 224,823 72,676 297,499
1974 1,625,794 102,528 91,117 193,645
1975 1,677,857 69,257 115,939 189,196
1976 1,822,834 138,558 148,398 286,956
1977 1, 14, 889 29 154 107, 229 136, 883 .
Totals $10,347,883 11.,208,714 $713,309 $1,922,023
1978 estimate*
$ 2,131 000
12,000 (income) $119,000: $ 107,000.
I certify that the sales and operating results for the restaurants at the
Miamarina, Miami, Florida for the years 1971 through 1977 as reported herein
true and correct and in accordance with the books and records as maintained
by Restaurant Associates' Industries, Inc. The losses shown for the years
1973 through 1977 are before charges for depreciation and amortization.''
The overhead is a charge allocated:to all operations to cover indirect costs.
and services such as interest expense, accounting,' data processing, legal,
supervision and other services.
* Before year end adjustments..
are
RESTAURANT ASSOCIATES INDUSTRIES, INC.
. kayya 7
resident and Controller
MIAMAR1NA tatAURANT§
0P8 ATt}4G ktgULT§ 1971 TO 197
leetaurant
Mee 'before
1971 $ 849,289 $ 296,246
1972 1,033,891 348,148
1973 1,423029 2246823
1974 1,625,794 102,528
1975 1,677,857 69,257
1976 1,822,834 138,558
1977 ._1.,914,889 29,.154
Totals $10,347,883
1978 estimate*
$ 2,131,000 $ 12,000 (income) $119,000
208,714
togs for
„10Yerilatt Year
$ 70,084 $ 266,330
103,866 452,014
72,676 297,499
91,117 193,645.
119,939 189,196.
148,398 2866956
10.7,.220 126082
$713,009 $102.2,023`
I certify that the sales and operating results for the restaurants at the
Miamarina, Miami, Florida for the years 1971 through 1977 as reported herein are
true and correct and in accordance with the books and records as maintained,--
by •Restaurant Associates Industries, Inc.' The losses shown for the years _
1973 through 1977 are before charges for depreciation and amortization.: ---
The overhead is a charge allocated to all oP erations`to cover indirect costs-
and services such as interest expense, accounting,' data processing,: legal,
supervision and other services.
RESTAURANT ASSOCIATES INDUSTRIES, INC.
R. Kayyta
resident and Controller'.
to:
Mayor and Metbers of
the Comthission
1}ib+a. Joseph R= Grassie
City Manager
dit, kit MIAMI, PLoitlbA
tilt€tl i Priet 1v t ilANt3UM
,3anuaty•io i9/9
sun�r�t .Prdtiosed•Lease Ac tetMen't with
Restaurant`Attbdiatea.z 1noi
tit r"tia[ .4Ct5.
tNcLOSURtS:
On January 9, 1979,.you received from this office a copy
oE a revised lease for the Miamarina Restaurant to be
operated by Restaurant Associates, Inc: Providing
Restatrant Associates accepts the provision of this draft
revised lease, this lease agreement will be presented to
you at the January 18th Commission meeting.