Incorporating Food Prices and Staffing into Your Quotes

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Incorporating Food Prices and Staffing into Your Quotes

Profitable businesses are built on an effective pricing strategy, which starts and ends with accurate customer quotes. Too high and you may price yourself out of contention; too low and you risk eating into your bottom line. Calculating the sweet spot in pricing requires proper valuation not just of the end product but the cost of goods and services that go into its execution.

As you build customer quotes, two of the most important (and often most confusing) areas to price are your food prices and staffing costs. With supply chain concerns, increased inflation, and a tough employment market, it’s more crucial than ever to ensure your quotes adequately reflect your expenses to keep your profit margins healthy.

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The Supplier Relationships You Need to Be Cultivating

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The Supplier Relationships You Need to Be Cultivating

Few things are more valuable than a great relationship with a food supplier. For caterers, the relationships you build influence more than just the quality of food and services — they also directly impact your profit margins.

And in a time when high demand meets inconsistent supply chains, your must protect your bottom line at all costs.

It’s easy to see why relationships matter in such precarious circumstances. After all, a great supplier can alert you to market trends, pricing expectations, supply updates, and more. They’re also mindful of your expenses, as a profitable client is a long-term client in their eyes.

Those out to nickel-and-dime caterers will inflate prices, obscure upcharges at the bottom of your invoice, and fail to meet quality standards for service and inventory.

You may have ongoing relationships with many suppliers who provide you with:

  • Bulk ingredients

  • Fresh produce

  • Meat and seafood

  • Non-alcoholic beverages

  • Alcoholic beverages

  • Kitchen equipment

  • Restaurant and catering supplies

Or, you may work with a single distributor that offers everything you need. Regardless, you must nurture your established relationships if you want to see the benefits of having a supplier on your side.

If you want to cultivate your existing supplier relationships, these tips will help you build trust and develop a mutually beneficial partnership that lasts for years.

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Seasonality Can Mean More Money in Your Pocket

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Seasonality Can Mean More Money in Your Pocket

Seasonal menus seem to come naturally as the year cycles through seasons, but for caterers, it’s more than just a change for comfort and taste — it’s a budget-friendly shift that can help to maintain your profit margins all year round.

As we head into cooler months and the season of holiday celebrations, many catering companies are still in recovery mode from the impact the pandemic has had on the industry. With that in mind, increasing one’s bottom line is more important than ever before.

Adjusting your menus to align with the seasons is an essential strategy for the year ahead for two key reasons:

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