So, the proposed event that I will be doing is for a city's first day of little league baseball. There will be 220 kids ranging from 8-11 years old.
When talking to the president of the club, he wanted to serve each child hot dogs, fries, & water. Of course if everything goes good chances are they will invite me back for 2 other events that span 2 days each.
These were the prices for the costs of food at our local Restaurant Depot:
Hot Dogs - $112.00/240 - Hebrew National / 8-1
Buns - $33.00/240
French Fries - $77.00/240 - $.32/4 oz
Mustard Packets - $12.00/1000
Ketchup Packets - $13.20/1000
Water - $24.00/256
Cardboard Carrier - $30/250
Wrapping Foil - $8/1000
Napkins - $8.00
Aside from the food costs, here are some of the additional items that we will be needing.
I have a food truck, so to get a business license to operate in the city is - $110.
Liability insurance $0. I just have to tell my insurance company to add the location.
Gas - Not to far from where the truck is parked. $20
In regards to the labor, it's my wife and I that are going to be doing this event. So I don't know what the going rate would be for our labor.
I believe that is all of the information, but if there is something that I am forgetting please let me know, and I would be sure to update the post asap.
Being new to the business is scary, and I want to make sure that my wife and I don't short change ourselves for the work we put in. By learning from all of your feedback, I hope that we will have a successful business going forward.