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The New Economics of Summer Camp
- jaysonelliot 15y agoI love the quote from Michael Eisner: "“Nobody fails summer camp, a nice respite from winters of fortune and misfortune at school." Hopefully parents can get over their obsessive drive to make kids "achieve" something every time they leave the house, and just let camp be camp. No smartphones, no video games, just kids in the woods getting up to some trouble and fun.
- mgkimsal 15y ago$9700 * 900 kids is over $8 million. Salaries are $1 million (for 500 people? most must be part time volunteers or getting paid minimum wage for those 2 months). Food costs are $500k Maintenance of $700k. Even rounding those up, that's $3mil. There's $5mil per year left for the capital investment stuff they need to do. I'm assuming they're paying off earlier purchases. Certainly there's a lot of marketing they need to do well in advance of the next summer, but it really seems like a pretty good profit for 2 months of service.
- aaronblohowiak 15y agoInsurance is expensive as well!
- mgkimsal 15y agoGood point. I can't imagine is $3-$4 million though. But I might be wrong.
- anishkothari 15y agoThat's some very good press. It should give them a nice boost for the rest of the year.