Hi 'all, I need your help- need some examples of % paid on events, bookings (or revenue increases) & profit sharing

So glad I found you! I've been trying to find out what would be a good percentage to expect from running everything B&B including events/weddings and building revenue in addition to my innkeepers pay. I know there are a zillion variables... but jump right in! My background is in catering, I am an innkeeper at a Diamond /five star switching it up to a new position which includes weddings and special events but this is a 6 room venue with a bistro on the lake. I have NO IDEA what the norm might be. I think I'll know it when I see it so please toss up some numbers so I don't cut myself short. I'm hearing 3% for booking rooms, 6% on events is that what 30 years in hospitality gets us these days?

Tough one as most on here run everything themselves.

Fair enough. Let me put it another way... If you owned and Inn and used it successfully as a wedding and special events venue but wanted to hire a pro to run EVERYTHING for you so you could exit, what might you offer as a fair % on top of a seasonally changing base pay to motivate me to grow the business a the way around? What are others getting paid on top of base salary?

serve4u said:

Fair enough. Let me put it another way... If you owned and Inn and used it successfully as a wedding and special events venue but wanted to hire a pro to run EVERYTHING for you so you could exit, what might you offer as a fair % on top of a seasonally changing base pay to motivate me to grow the business a the way around? What are others getting paid on top of base salary?.

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You might need to search for a different site - one more attuned to folks in your position. Maybe a hotel or catering group?
There are possibly 2-3 innkeepers here who hire events out.

It also depends on location.
Example from real life: This goes back at least 30 years but the basics is still true. A young man was hired from a hotel in Wheeling, WV to be an asst. front desk manager at a hotel in Illinois. They offered him $18,000 per year. Wow! Great money - so he went. Then he got hit with reality - it was great money in Wheeling, but an apartment (decent 1 bdr) in Illinois was about $750 per month. Wake-up call came quickly.

serve4u said:

Fair enough. Let me put it another way... If you owned and Inn and used it successfully as a wedding and special events venue but wanted to hire a pro to run EVERYTHING for you so you could exit, what might you offer as a fair % on top of a seasonally changing base pay to motivate me to grow the business a the way around? What are others getting paid on top of base salary?.

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My wedding planner friend gets a minimum of $3K per gig and it goes up from there!!!! WAY UP!