View Single Post
Old 05-01-2013, 06:49 AM   #22
somebody shut me the fark up.
IamMadMan's Avatar
Join Date: 07-30-11
Location: Pemberton, New Jersey

Originally Posted by landarc View Post
You're going about this backwards, you cannot succeed in the food business basing on other folks menu prices. You will go broke doing that.

1. Set what you are going to serve. Be complete in this, account for all the food on the plate, from main to sides and condiments.

2. Make an estimate of how much food you expect to sell each day, break it down to the point you know all of the components.

3. Find out where you will be buying the foods.

4. Build a detailed shopping list and find out your hard food costs. From there, you can figure out how much each menu item costs you to produce, include fuel, charcoal, wood, spices, your time. From there, figure out how much you can charge using the rule of 3x or 4x food costs. That will tell you what your profit is. From there, you split profit, not gross.

5. Beware, and I mean, do not enter into, any agreement that has you splitting off a share of your gross. Even a 10% share of gross really can mean you make no money. Do your leg work, estimate profit and let him know what you will share of profit.
Originally Posted by cynfulsmokersbbq View Post
Might add to this, is your business licensed with the city? Does it need to be? If your business is licensed/approved for one location, can you use "His kitchen" and still be covered by the Health Department?
Originally Posted by Cayman1 View Post
I'll let the others discuss prices, but from a legal perspective, there are numerous areas that need to be addressed, i.e. are you covered as an Additional Insured under his liability policies, will there be an Indemnity and Hold Harmless Agreement, etc.
Get some legal advice so you don't end up in a big mess for very little profit.

These are all professionals, listen to their advice...

If not legally covered and protected you could lose your home and everything you own because someone makes a false claim and sues you...
We must never forget that the highest appreciation is not to utter words, but to live by them - JFK
IamMadMan is online now   Reply With Quote