Not for me, I would tell them count me out. Food cost will be 30% give or take and that is only if you sell it all, don't and it could be much higher. You will have huge risks in the event of rain and you are banking on the numbers the event organizer said would be there which are probably higher than the truth like Uncle Buds said. Plus you can not count on all 10k eating. I have done 3 day events that had that many people at but there were more vendors. With 5k in sales I had a net of about $2700 (thinking in my head not looking at it on paper) after food, gas, extra labor etc. I paid about $350 for the vendor spot which left me $2300 for about 80 hours work and 40 hours for my wife. Going by what the organizer is asking you for he would have gotten $1500 leaving my wife and I $1200 and the cost of doing business (insurance, business license etc) still has to come out of that.
Take in to account I down charge $3 for a drink and $8 for a sammie, if you do the event you will have to charge those super high prices to make it work.
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