> Doing the math, it looks like the liqour cost was approximately $350
> (in PA prices). If the total bill was 93*75 (1627.50, plus the usual
> 18% Gratuity [292] that goes into the gratuity pool that you and the
> banquet servers receive 'wages' out of), you're looking at about 2000
> for the total bill. Liquorcost is 21.5%. That actually looks
Hmm, I hadn't considered that there may be additional gratuity tacked on, I
considered in my own calculations (much more basic, and I left that unposted
obviously) that gratuity wasn't included, but that cost of
service/venue/consumables/taxes were included. Really, gratuity shouldn't be
a part of this calculation unless it actually is THE wage, and not real
gratuity.
> Whatever I say, the bar made $1200 dollars with a pour cost of 23%,
> not too shabby for 2.5 hours, especially on top of food, banquet
> room, and hotel room fees for the hotel.
>
> Total Cost: 353.73 + taxes.
One thing, you left out food price...I wish I knew more about restaurant
costing but my understanding has been that they run rougly 1:3 or 1:4
depending on the perishability of the ingredients. Let's assume 1:3 to be
conservative. And again for a wedding, at the very lowest, the menu price for
the plates should be no less than $10, but let's assume $12 (because it makes
the math easy)
$12 / 3 = $4 (ingredient cost)
$4 x 93 = $382
Food Labor is the other question. This is a catered event, right? Probably
going to add up to around $150 (just thinking 15 man hours, probably between
4-5 people, $10/hr). Of course, if this is a restaurant that's already
serving customers, this doesn't count as they can abuse the use of a kitchen
staff and pay them little or nothing extra.
$382 + $150 = $532
$1200 - $532 = $668 (profit)
That's not TOO bad. This is of course assuming a low food and kitchen labor
cost. Sorry, I forgot to look in the cost from your post to see if there was
labor cost included. Was the cost of renting the space covered in it? When
all is said and done, I doubt they did much better than break even.
--
Cody