How much profit does a hotel chain make in a year?

According to the data provided, the annual profits of the Home Inn chain are quite impressive. The monthly turnover has reached 1.2 million yuan. However, during the operation process, there are some expenses that need to be considered. The first is the rent, which averages 420,000 yuan per month, accounting for a large proportion of the monthly turnover. Next is the staff salary. Assuming a monthly salary of 1,500 yuan, if the total number of employees is 20, the estimated cost of this part is 30,000 yuan per month.

After deducting these estimated expenses, Home Inn’s monthly net profit is 490,000 yuan. It is worth noting that this net profit is calculated by subtracting monthly gross profit (that is, monthly turnover minus direct costs such as rent and wages) from monthly costs (including rent and wages). If we add up the monthly net profits, in one year, the annual net profit of Homeinns hotel chain will be approximately 5.88 million yuan. This data is based on estimates and assumptions. Actual profits may fluctuate due to market changes, operating efficiency and other factors. However, in general, Home Inn's profitability is relatively stable.