The single biggest expense at a club is payroll, consuming more than 50 percent of each operating income dollar spent. If a club cannot control its payroll and other related expenses, it will become extremely difficult to break-even on the bottom line. In an effort to control these expenses, clubs should consider the following: Hours/Days of operation, Closing Down, Scheduling, Hand-Scan Systems, 401(k) Plans, Food and Beverage Operations, Real Estate Taxes, Insurance and Utilities.
Condon O'Meara McGinty & Donnelly LLP
