Monaco Event Societe

Business Plan 2024/2025 MICS - Monaco
Executive Summary
The company subsidiary based in Monaco, aims to achieve annual revenues of €1 million with a gross margin of 31%. The company will maintain a lean operational structure, including one full-time secretary, a rented office space, and a few other expenses.
Financial Objectives
• Annual Revenue: €1,000,000
- Gross Margin: 31% (€310,000)
Operating Expenses
1. Staff Costs
Sereta cot: 9 omi ras sol + Social contributions in Monaco (BA)
2. Office Rent/Alternatively with consideration of hybrid settings or remote
- Monthly Rent: €2,500
Annual Cost: €2,500 * 12 = €30,000
3. Office Expenses + travel expenses
Monthly Expenses: €500
Annual Cost: €500 * 12 = €6,000, Travel expenses: €2,500monthly
Annual cost: €30,000,
4. Director Fees
Monthly Net Fees: €3,000
Annual Gross Cost: €36,000
Total Annual Operating Expenses
Staff Costs: €36,000 + taxes
Office Rent: €30,000
Office Expenses: €36,000
Director Fees: €36.000 Total: €174,000
Gross Profit and Net Profit Analysis
• Gross Profit: €310,000
- Operating Expenses: €174,000
• Net Profit: €310,000 - €174.000 = €136,000
Summary of Key Points
- The company aims for a steady revenue of €1 million per year.
- Operating expenses are kept lean with a total of €174,000 annually without factoring contingencies plan into