Hello, just finished my 5th catering job...BUT, got $1000 in payment, though I only worked about 10 hours....what is the take for a majority of catering jobs out there? Can someone let me know what the normal charge is????
Catering Job and Monies???
There is no set in stone price, every gig is different, clientel differs, location differs. T put it mildly, its ""All you can get"""
Over 50 years in food service business 35 as Ex Chef. Specializing in Volume upscale Catering both on and off premise .(former Exec. Chef in the largest on premise caterer in US with 17 Million Dollars per year annual volume).
Well versed in all facets of Continental Cuisine...
For me, "normal charge" covers ALL my costs plus what I desire for my time and effort. Sounds simple, right?
The "trick" is identifying and quantifying all your costs! The major items are:
- Food (rather obvious)
- Rentals (kitchen, equipment, tableware, chafers, etc.)
- Labor (kitchen help, servers, dishwashers, drivers, etc.). Don't forget payroll taxes, if applicable.
- Insurance, licenses, taxes & fees (generally annual, maybe monthly, some call them "fixed costs")
- Sales tax (not really a "cost" as you simply collect from customer and remit to taxing authority)
- Reserve for income tax (if applicable), to avoid unpleasant surprises
- Other overhead, clothes, training/education, depreciation on equipment you own, etc.
The ONLY category where you have flexibility to adjust your price is what you want as your fee or compensation as all the above have to be paid to someone else. This is where you adjust to match the competition as well as choose your target market.
IMHO, forget rules of thumb like "multiply your food cost by 3 or 3 1/2 or 4" or "charge the same as your competition" or "stay 10% under your competition".
Know all of your costs first! If you do not charge enough to cover those plus what you want for yourself, you will go broke!
Specialties: MasterCook/RecipeFox; Culinary logistics; Personal Chef; Small restaurant owner; Caterer