Food Business Series: Determining Cost of Goods, Pricing your Product [SBDC-CoE]
May 10 @ 12:00 pm - 1:30 pmFree
Do you have a food-based business, restaurant, food cart, or interested in starting one? Don’t know where to begin in the Hospitality Industry? Temple SBDC is hosting a nine-module series to teach you everything you need to know… There will be open office hours on Monday evenings after class to ask the experts specific questions about your business. All modules and office hours are virtual.
This workshop is the fifth in a nine-part series, and you may attend any or all following sessions as you see fit. This session will cover how to determine the cost of goods sold (aka your supplies and wages to make the product), how to find the right pricing for your product, and what profit margins can be expected in the food industry.
Attendees will be able to:
Understand how to price their products
Realize price within the context of the retail marketplace
Recognizes the importance of profit margins
Learn how to calculate cost of goods sold
Restaurants, food carts, etc.
Individuals interested in starting a food business
This webinar will be presented by Tandem Associates, a well established marketing group with years of experience in the food marketing industry.