Discover the latest developments within Catermonkey here
At Catermonkey, we continuously innovate to make your catering business more efficient, organized, and stress-free. Below you will find the latest news, updates, and tips.
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…
What is a non-binding quote?
A non-binding quotation is a price estimate that you, as an entrepreneur, can adjust or withdraw without legal consequences. For hospitality and event companies, this offers flexibility in changing circumstances such as seasonal prices, uncertain supplier costs, or comp…
What are the legal requirements for a quotation?
In the Netherlands, there are specific legal requirements for quotations that every hospitality and events entrepreneur must be aware of. A quotation must contain mandatory company details, state a period of validity and show correct VAT information. These rules protect…
How binding is a quotation?
A quotation becomes binding once the customer has accepted it and all legal conditions have been met. This means that both parties have obligations: you must deliver what you have promised and the customer must pay. For hospitality and event professionals, it is importa…
What is catering invoicing?
Catering invoicing is the process of preparing and sending invoices for catering services that you provide outside your regular catering location. It differs from regular catering invoicing because you have to deal with more complex logistics, different VAT rates and sp…
