Depending on the size and type of fundraising event, organisers have the option of booking their amusement attractions on either a Flat-Rate Hire or 80/20 Profit Share format.
The organisation hires a certain number/type of items from Jubilee. The profit made by the organisation is all monies taken over and above the total hire fee. Jubilee will transport, set-up, fully supervise, and then pack up each attraction. The organisation is responsible for all ticket/day pass sales and marketing.
Advantages? Depending on attendance and weather, profits can often be greater than 80/20 profit share for the organisation, especially when previous event figures are available, to determine the number of attractions to hire. Disadvantages? The organisation accepts all risks as to attendance and weather. A 20% deposit is required, which is transferable, though non-refundable. Once the equipment leaves for delivery on the day, pro rata costs will be required by Jubilee, should the event be cancelled or postponed. Once the equipment has been set up, the full hire fee will be due, irrespective or further proceedings.
Jubilee contracts to supply an agreed upon number/type of attractions on the day. At the end of the event, the proceeds from all Day Pass and individual rides tickets are subsequently totalled and shared on an 80(jubilee)/20(organisation) basis. Ticket Selling duties are shared between Jubilee and the organisation.
Advantages? Jubilee accepts all risks as to attendance and weather. The organisation is not liable for any costs or hire fees. If the event is interrupted or cancelled due to inclement weather, Jubilee accepts all costs including transport, wages etc. Jubilee will also supply ticket booths, signage, promotional posters, staff for the ticket/Day Pass booth, tables, tickets, Day Passes etc. Disadvantages? The organisation's 20% of total Ticket/Day Pass takings may be less than what would have been earned, had the attractions been hired outright.
