Blog
A blog that explores the latest technological developments and trends in the party sector, and how they can be applied to elevate parties and events to the next level.
What costs should you include in a catering quote?
A comprehensive catering quote includes all the costs necessary to successfully execute your event. This includes not only ingredients and staff, but also transport, materials, hidden costs such as administration and insurance, plus a healthy profit margin. A well-thoug…
How do you create a professional catering quote?
You can create a professional catering quote by systematically including all the necessary elements: contact details, event details, menu options, prices, delivery conditions and payment terms. Focus on clear pricing, visually appealing presentation and good communicati…
How do you calculate prices for a catering quote?
A good price calculation for your catering quote starts with mapping out all costs: ingredients, staff, transport, materials and overheads. Add a healthy profit margin of 20-40%, depending on your type of assignment and customer. Don’t forget to take into account additi…
What are the VAT rules for catering invoicing?
VAT rules for catering invoicing may seem complicated, but with the right knowledge, it becomes a lot easier. As a catering company, you have to deal with different VAT rates depending on your services and locations. You need to know when to charge 9% or 21% VAT, which …
What is a healthy profit margin in the hospitality industry?
A healthy profit margin in the hospitality industry is between 3% and 15%, depending on your type of business. Restaurants usually operate on a net margin of 3-5%, pubs can achieve 10-15%, and catering companies often sit between 5-10%.
Is a quotation a valid contract?
A quotation becomes a valid contract when both parties accept the terms and conditions and there is mutual agreement. In the hospitality and events industry, this usually takes the form of written confirmation, a signature or the payment of a deposit. Without clear acce…
