So I'm entering a local competition and since I've never entered one before I've got a couple of questions.
First a little background info. This is the link to the rules in case you guys have any questions that I don't answer. http://www.broadwaync.com/festival/FORM%20BBQ.pdf
Entry fee is $100
There seems to be a "People's Choice" and a "Judges Choice" that will combine to crown the first 3 places.
1st Place $250
2nd Place $150
3rd Place $100
The meat is supplied. We have to cook at least 100 lbs of Boston Butts. We can't sell any BBQ at the event. People who want to taste will pay $5 and they'll get a tray and eating utensils and can eat all they want. Each competing team will serve the BBQ to the public and can sauce it how they want. Any leftover BBQ will be taken home by the team that cooked it.
I have to have at least 2 assistant cooks.
How do teams divide up winnings?
I paid the entrance fee out of my pocket. I don't expect my assistants to be there for free.
Here's what I'm thinking and you guys tell me what you think.
If my team wins, entrance fee, charcoal, gas, rubs, etc. is taken out of the winnings first. Any money left over after paying expenses will be split with the team members.
Any left over BBQ will be split even with team members.
How do the professionals and small time competitors work out the expenses and winnings?
Any help would be appreciated. Thanks in advance.