We did Annie a few years ago. We did eight performances and our cost for royalties and rentals was around $4,000. On top of that we spent somewhere between $3000 and $5000 on sets, costumes, lights, theatre rental etc. I was not directly involved on the budget end as I wasn't directing it but I believe that for around $7000 you should be able to pull it off. A lower budget simply means you have to be creative in other ways which I always find exciting. Hope this helps.