Staff also costs money
To find out how high the markup on your drinks in the catering industry should be, you need to consider the costs of the goods as well as the expenses honduras phone phone data incurred by your staff. These primarily include wages and all non-wage labor costs . Don't forget to include any special benefits that may be paid out, such as vacation pay, Christmas bonuses or premiums, in your calculation.
Many restaurateurs are currently struggling to find staff. We cover the reasons and tips for dealing with the staff shortage in the catering industry in our blog article.
Another important factor when calculating beverage prices is the so-called overhead costs. All costs - both recurring and variable - that do not fall into the categories of cost of goods sold and personnel costs are assigned to these. The best examples of this are expenses for:
rent/ lease
Utilities (e.g. electricity, water, gas/oil, garbage collection)
insurance companies
marketing
cleaning staff
In addition to the overhead costs, there are a wide variety of tax expenses , because ultimately the tax office also wants to have a share in your business success. Two of the most important tax calculation bases are income tax and trade tax . If your catering business is located on your own property, you will also have to pay property tax .
More details on the topic of taxes in our blog article: Taxes in the catering industry .
Sales tax is also due, but it is easy to calculate: The regular tax rate of 19 percent applies to all drinks you sell. This applies to alcoholic drinks such as beer, wine and cocktails, but also non-alcoholic offerings such as juice, water, soft drinks or hot drinks. The regular tax rate is also due if you sell the drinks to take away.
Not to forget: overhead costs, taxes, etc.
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