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Food Business to Double Your Money Fast

2/2/2017

1 Comment

 
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​​The good thing about food business is the very attractive mark-up profit the owner can impose. This can be possible if it's the owner himself who've designed the business and his mark-up is not dictated as in the case of a franchisor-franchisee set up.

In my case, I use the minimum 100% mark-up value on every item on my menu.

Below is an example.

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           Example:
                        1. Cost of goods to produce Beef mami           -  P 16.00             Selling Price: P35.00 
                        2. Cost of goods to produce Longganiza meal -   P 25.00            Selling Price: P55.00



This means that for every P1,000 I use as capital gives me another P1,000 in return. I cannot think of a better way to double the money immediately than this way.


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​Of course, you need to sell an established minimum amount to cover the expenses such as rent, labor, electricity, gas, taxes etc. This is called the BREAKEVEN level of a business operation. After that comes the profit.

BRANDING ​allows you to increase the price further without people complaining. Having a refutable BRAND name allows the owner to break the cost-value trade-off.
​
While the price of your product can be much higher than your competitor, your BRAND can even make customers believe the opposite.

Modern Kitchen From Bulacan Living
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​Wonderful Products You Maybe Interested:

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1 Comment
Katie Cooks link
9/9/2021 08:26:42 am

Interesting thoughts, I really enjoyed your blog.

Reply



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