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What is a 60-40 split with guarantee and how does it work?

guarantee Split
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What is a 60-40 split with guarantee and how does it work?

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We charge an up front guarantee of between £50 and £300 per hour to cover the cost of setting up and running our venues. At the end of your run we will total your Fringe and Zoo Venues Box Office Receipts and calculate the split. As an example, if your guarantee is £2000 and 40% of your actual gross box office sales amounts to £2100, then we will keep £100 on top of the £2000 guarantee we already have and return the rest of the net box office receipts to you. If 40% comes to less than your guarantee we take nothing from your box office.

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