I've been researching the following -
hiring a string quartet would cost around £800 for a 2hr set, hiring a local ~300 seat venue would cost around £750. If tickets were sold for a flat rate of £20, this would make the total amount in sales ~£6000, and after the above costs were deducted this would leave ~£4450 for a single event. I currently possess a local instagram page with ~10,000 followers that live within my city so this would help with advertising, though I would still allocate money into other methods of marketing to ensure maximum reach to sell tickets.
On paper, arranging such an event doesn't seem too difficult to do - is there something glaring I'm missing or is this potentially 'easy' money?
excellent point, but even that would only cost ~£200 odd for £2m cover per event - still doesn't eat massively into the margins