Maybe I have been doing this too long. Maybe I am stuck in the old days and maybe I live in one of the poorest counties in California----but when any caterer on here mentions price----it seems to be a contest on who can charge the most.
Do not get me wrong---I like to make money too. Food costs are way lower than what is being talked about here. If you are charging per plate ---then know your costs at per plate. My grocery costs for a 2 meat (Beef and Chicken) or (Beef and Pork) meal with salad, beans, vegetable dish, some sort of bread, and dessert are under 7 dollars per plate. Food costs for 160 people adding in paper plates, plasticware and napkins----about 1200 dollars
Charging misc buffer of $500 dollars for serving 160 people? That is over 3 dollars per person for what? If you plan on having a $500 dollar mistake at every catering job----better rethink something.
I see this as an 18 dollar per plate wedding with add ons for appetizers. Maybe that is why some folks get a new truck every year and some get a new truck every 10 years
Good for you that you can offer a cheap product and are willing to sell it cheap. But your insinuation that people here are inflating prices is overly simplistic.
Where are your labor costs? Do you have people working for you? Do you pay yourself a salary?
What is your rent or mortgage for your business?
What are your advertising, marketing, and other business expenses a month?
All of the business and health insurance your business purchases?
Utilities to run your business, lease payments for equipment and vehicles to run a catering business?
Also, for all those costs, depending on location another posters costs can be 2-3x or more.
And the cold hard truth which many people might not want to hear, is that maybe my food costs are higher because I use a better quality product. I have no desire to compete on price, I want to make the best, not the cheapest, and I want the customer who wants the best, not the cheapest.
I lived for over a decade in NYC's Little Italy neighborhood, right in the heart on mulberry off canal. I also have family that has retail gift shops on the block and have been on that block for 20+ years. Being there I have seen first hand what happens when businesses want to compete on price and not put out the greatest quality. They have all raced to the bottom price and now they are all shuttering as their reputations have been destroyed and NYers go elsewhere for Italian food.