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Plus, you can quickly convert them into invoices when the job's done. Key Takeaways. ... Get a Guest Count. ... Consider the Type of Food and Service. ... Add Food Costs. ... Add Supplies Costs. ... Add Bar Costs. ... Add a Service Charge. ... Find Your Total Catering Costs.
The Food cost percentage formula is = (Beginning Inventory value(Food Supplies) + Purchase Cost ? Ending Inventory) ÷ Total Food Sales So let's say that in a given month, your restaurant's inventory was valued at $10,000.
The total catering costs are calculated by multiplying the price of food per plate by the total number of guests you are expecting at your event. You can also determine the cost of food by calculating the amount of each type of dish you plan to serve your guests if the style you plan to use is buffet.
A good estimate is to use 1.5 pounds as the amount of food to be served to one person. Subdivide this by the number of servings, taking into consideration the main dishes and side dishes.
In addition to menu- and service-related items, the catering contract should include standard contract terms and conditions, including: Basic contract information. ... Final date for any changes. ... Insurance. ... Health and safety requirements. ... Cancellation policy. ... Breach of contract.