Sources close to the management indicate that Pink Elephant in the Hamptons makes quite a bundle of cash in the 12 short weeks it runs a year.
Revenue
Friday Night = $45,000
Saturday Night = $90,000
Weeks = 12
Total Revenue = 12 x ($45,000 + $90,000) = $1,620,000*
That is a pretty hefty take. Its unclear exactly what profits are, but most entertainment accountants would estimate their costs (alcohol, promotion, salaries, rent) to be roughly $600,000-750,000, making the profit well north of $500,000.
These numbers must make David Cabo and Shawn Kolodny pretty happy. We can only guess how much Dune is losing this summer…
Don’t believe this one bit. I’ve been going all and I often see unsold tabls. Not to mention I rarely see large format bottles of premium champagne coming out (which is usually what drives a bar ring up to 90k). At Dune, on the other hand, I consistently see methusulas and jerobaums coming out, along with dom p/cris at almost every table. There’s also no way Pink doubles their bar ring for Saturday nights.
Well Friday’s are certainly slower than Saturdays…often the back sand area isn’t close to filled on a Friday. So it would make sense that their rev would be significantly higher.
We are trying to find out a little more information on the Pink Elephant label of vodka that they offer, and what the details are behind that…
The Truth August 9, 2007 8:13am
The Pink Elephant vodka bottles are simply the complimentary bottles they give to their promoters and big spenders as a favor. It tastes like shit and I’m pretty sure it’s just Level vodka (the typical comp bottle) repackaged into their own pretty little bottle.
Agreed, it doesn’t taste very good…most likely repackaged poorly distilled vodka.
Email us if you want to chat more about this stuff, and things blog related.
just doing the math August 10, 2007 2:33pm
Let’s do the math another way.
The place is tiny right…..how many bodies can it possibly hold?300? 350? 400? 500?
350 means each person drops about $125
400 = $112
and so on
Now double that on saturday.
Not very likely.
In the know August 10, 2007 2:38pm
PE fridays are garbage, PE saturdays are ok at best. Dune only place to go in hamptons. Dont be stupid. Dune makes much more than PE, not even a question.
insider August 10, 2007 3:53pm
That analysis is insipid. The revenue at any east end nightclub is hardly constant week to week. On a general basis, memorial day weekend is big, the next two or three weeks are quite slow, and then you get a big pop at the fourth of july weekend, with volumes rising consistently through the rest of the summer, more or less.
Speaking anecdotally, I’ve driven past the Capri every single Saturday this summer, and I didn’t start seeing large crowds outside until about two or three weekends ago. There is absolutely no way they were doing $90,000 on saturdays in june. Even $50k seems like a stretch.
Insider, have you heard of smoothing? Obviously there are bumps here and there, bad weather, etc., but these numbers would be an average.
“Just doing the math”, interesting approach. PE actually has a fairly bigger occupancy. The inside is small, but the back sand area around the pool has a great deal of space, and holds the bulk of people (at least 500-750 go through door). 120+ dollars per person is not out of the question.
Take for example, a vodka tonic at Nello’s in Southampton goes for $18.
To put this in perspective, Marquee in the city does about 1800 people on a given night. Supposing 1/2 of those people got comped, and the rest paid cover $20, that is 20K at the door alone.
Now all of a sudden these numbers don’t look too crazy.
All this speculation may call for another post…
hahahahaha August 11, 2007 3:01pm
These guys are pouring so much money down the drains with all of the promoters they need to fill the space. Plus has anyone even heard anything about PE this summer? Dune is where people are actually going and talking about.
Anonymous August 20, 2007 1:10pm
number nine you are wrong, we have a share house and have gone to both a number of times. its more expensive and harder to get into/get bottles erc at pink elephant. i know for a fact they cleared 100k gross on fourth of july sat night, 5k of which came from us!
Where: Caroline's on Broadway, 1626 Broadway, New York, NY (map)
Admission: Ticketed Event
Discription:
Theater Resources Unlimited (TRU) proudly announces the two honorees for their 8th annual TRU Love Benefit, which will be held on Sunday, November 8, 2009 from noon to 4pm at Caroline’s on Broadway, 1626 Broadway at 49th Street, NYC. Elysabeth Kleinhans of 59E59 Theatres will receive the TRU “Spirit of Theater” Award for her ongoing generosity towards TRU as well as the off-Broadway producing community in general; and Allan Buchman of Culture Project will be acknowledged with the TRU Humanitarian Award for his dedication to bringing politically and socially conscious works to life in New York theater, and successfully using the arts for social change.
The theme of this year’s benefit is “Opening Doors” in recognition of both the nurturing homes the honorees have provided for the development of new work and new opportunities; and for their dedication to keeping open doors of communication for political and international conversations in New York theater. The event will start with a cocktail hour at noon, followed by a full luncheon. Performances will include representative scenes and songs from shows developed at 59E59 or The Culture Project, including “Gutenberg the Musical”, Prospect Theater’s bluegrass musical” Golden Boy of Blue Ridge”, “Clean Alternatives” with writer Brian Dykstra and “The Exonerated” excerpts performed by celebrity guests. TRU will also present songs from upcoming musicals being developed by TRU producers. Nancy Anderson will perform a song from “Yank!”, the musical debuting off-Broadway in February 2010, and previewing a song from the upcoming Broadway musical “Pure Country”. In addition Brian Dykstra will perform a piece from his play “Clean Alternatives” and Radiotheatre will perform from one of their radio pieces.
The TRU Love “Opening Doors” Benefit will take place Sunday, November 8, 2009, at 12 noon, at Caroline’s on Broadway, 1626 Broadway at 49th Street, NYC, with cocktails and hors d’oeuvres at noon, luncheon at 1pm and performances and awards ceremony starting at 2:15. Tickets are $175 for Premium Patron level seats in the first tier, $150 for Patron level 2nd tier and $100 for general admission. Tickets may be purchased at www.truonline.org/store-new.html. Inquiries may be made by phoning 212/714-7628 or emailing TRUnltd@aol.com.
For more information, visit www.truonline.org or call 212-714-7628.
Where: BARNES & NOBLE, 150 East 86th Street, New York, NY (map)
Admission: Open
Discription:
Barnes & Noble will host a book signing in celebration of the national launch of Park Avenue Potluck CELEBRATIONS, authored by members of The Society of Memorial Sloan-Kettering Cancer Center and New York Times food columnist Florence Fabricant. A POTLUCK of cider, sweets and other treats for the family celebration will be brought by many of the authors’ favorite purveyors including Eleni’s Cookies, Smithfield, Dean & DeLuca, Taste Caterers, William Poll, Williams-Sonoma, Gristedes, MrsMonogram.com and others.
A percentage of net sales of products in Barnes & Noble stores nationally will support ‘Kids Express’, an individualized program -- funded by The Society of MSKCC – designed to help adult cancer patients communicate with their children about their illness.
Where: La Venue and The Tunnel, 608 west 28th Street, New York, NY (map)
Admission: Ticketed Event
Discription:
California wine country is heading east to New York with the Robert Mondavi Discover Wine Tour. Ted Allen, Robert Mondavi Private Selection Brand Ambassador, is thrilled to engage consumers in the Big Apple with live cooking demonstrations at the Tour and to encourage foodies to open up about their food and wine questions. Additionally, guests are invited to join Robert Mondavi Private Selection’s Avram Deitch and other wine experts at the Robert Mondavi Discover Wine tour to learn anything and everything - from wine making to wine pairing.
Where: SVA Theater, 333 23rd st , New York, NY (map)
Admission: Invite Only
Discription:
Edward R. Pressman Alan & Gabe Polsky
and
First Look Studios
Eva Mendes
special screening of
BAD LIEUTENANT
PORT OF CALL NEW ORLEANS
A FILM BY WERNER HERZOG
screenplay by William Finkelstein
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August 8, 2007 5:20pm
Don’t believe this one bit. I’ve been going all and I often see unsold tabls. Not to mention I rarely see large format bottles of premium champagne coming out (which is usually what drives a bar ring up to 90k). At Dune, on the other hand, I consistently see methusulas and jerobaums coming out, along with dom p/cris at almost every table. There’s also no way Pink doubles their bar ring for Saturday nights.
Well Friday’s are certainly slower than Saturdays…often the back sand area isn’t close to filled on a Friday. So it would make sense that their rev would be significantly higher.
We are trying to find out a little more information on the Pink Elephant label of vodka that they offer, and what the details are behind that…
August 9, 2007 8:13am
The Pink Elephant vodka bottles are simply the complimentary bottles they give to their promoters and big spenders as a favor. It tastes like shit and I’m pretty sure it’s just Level vodka (the typical comp bottle) repackaged into their own pretty little bottle.
Agreed, it doesn’t taste very good…most likely repackaged poorly distilled vodka.
Email us if you want to chat more about this stuff, and things blog related.
August 10, 2007 2:33pm
Let’s do the math another way.
The place is tiny right…..how many bodies can it possibly hold?300? 350? 400? 500?
350 means each person drops about $125
400 = $112
and so on
Now double that on saturday.
Not very likely.
August 10, 2007 2:38pm
PE fridays are garbage, PE saturdays are ok at best. Dune only place to go in hamptons. Dont be stupid. Dune makes much more than PE, not even a question.
August 10, 2007 3:53pm
That analysis is insipid. The revenue at any east end nightclub is hardly constant week to week. On a general basis, memorial day weekend is big, the next two or three weeks are quite slow, and then you get a big pop at the fourth of july weekend, with volumes rising consistently through the rest of the summer, more or less.
Speaking anecdotally, I’ve driven past the Capri every single Saturday this summer, and I didn’t start seeing large crowds outside until about two or three weekends ago. There is absolutely no way they were doing $90,000 on saturdays in june. Even $50k seems like a stretch.
Insider, have you heard of smoothing? Obviously there are bumps here and there, bad weather, etc., but these numbers would be an average.
“Just doing the math”, interesting approach. PE actually has a fairly bigger occupancy. The inside is small, but the back sand area around the pool has a great deal of space, and holds the bulk of people (at least 500-750 go through door). 120+ dollars per person is not out of the question.
Take for example, a vodka tonic at Nello’s in Southampton goes for $18.
To put this in perspective, Marquee in the city does about 1800 people on a given night. Supposing 1/2 of those people got comped, and the rest paid cover $20, that is 20K at the door alone.
Now all of a sudden these numbers don’t look too crazy.
All this speculation may call for another post…
August 11, 2007 3:01pm
These guys are pouring so much money down the drains with all of the promoters they need to fill the space. Plus has anyone even heard anything about PE this summer? Dune is where people are actually going and talking about.
August 20, 2007 1:10pm
number nine you are wrong, we have a share house and have gone to both a number of times. its more expensive and harder to get into/get bottles erc at pink elephant. i know for a fact they cleared 100k gross on fourth of july sat night, 5k of which came from us!