The Comedy Store makes £700,000 profit
Tim Clark2 May 2012
The Comedy Store is laughing all the way to the bank after it was revealed that the company has raked in over £700,000 in profits over the last tax year
According to comedy website Chortle the famous London venue’s annual reports reveal a staggering increase in profits, which have risen more than 50 per cent from £461,000 in 2010 to £726,000 in 2011.
The profits were generated on income of 7.61 million, which is down from £9.27 million the year before. The income includes the revenue from The Comedy Store’s other clubs in Manchester as well as it’s agency which looks after the Manchester Comedy Festival.
Comedians were paid £2.9m, which was £1.5m less than the year before, while rent was around £808.000 per annum.
The Comedy Store is widely considered the most famous comedy venue in the UK, it was founded by Don Ward in 1979 and named after a similar venue in New York.
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