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Donut Van Business How Much To Charge At Private Event?

Hi

In the new year I am taking over an already established donut van business in my local area. I know they make good money at our local events but I was also curious about the idea of doing private events like birthday parties etc and charging an hourly set rate based on amounts of people there etc. Was just wondering what kind of money to be charging for this type of service?

Many Thanks

Nathalie

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by: Arvind

Actually i do it more on a per hour basis with the base price set for the first 2 hours. The actual cost of material is irrelevant since they don't cost that much.
Set it to between 30-50 pounds per hour plus the cost of transporting your cart to site. You will make it continuously for that time and as many people want to eat they can.
I do this for my crepe business hope it helps.
Cheers
Arvind
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by: David

Hi Nathalie,

I think the best way to go about this is to break down the entire process in terms of money and work out how much it will cost you to make 30 donuts, which as an example could work out at 10 people x 3 donuts each= £10 this would be your cost price and then include your profit on top of that price.

You should have a minimum order number (40 people) so that you don’t obviously set up for 10 people. You may want to also supply other party goodies which will help increase your profit margins.

Another good way to get started is look for related services in your area and arrange a joint venture with that business. So for instance you could JV with a bouncy castle supplier, clown or juggler, children’s entertainer etc. This way you could help each other out and provide a fuller service for you clients giving them more options.

I hope this gives you some ideas, but the first thing you really need to do is to find out how much your cost price will be – and then you will know exactly what to sell this service for to make a profit.

Best of luck
David


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