The key to running a successful Catering Service is making sure both your Catering Service Agreement and your Menu Analysis is current, and accurate. Supply Vs. Demand has everything to do with Menu Analysis and your Catering Service Agreement! The Catering Service Agreement typically lays out the following: Services, Expectations, Fees, Number of Covers, Logistics, Labor, etc. However one area that is often not included is Supply vs. Demand Clause.
For instance, John scored a catering contract betweeen his Company and a large vendor. John has agreed to provide a service of 200 covers at least twice a day, everyday over the next 12 consecutive months. John never accounted for Supply Vs. Demand Clause, Covid-19 Impact, etc. Now, John is locked into an agreement at a set price over the term of the agreement. Though John may stand to make some profit, if he had included some form of additional clause in his catering service agreement that would account for variable change his profits would be greater. This and more in our upcoming book titled: "Rethink Catering" - New Book Coming Soon!
"Dedicated toward helping Small - Business Restaurant Owners & Investors Succeed."