Quote:
|
Originally Posted by Boogie3
It's actually rather easy to make money in the "buffet-style" restaurant biz. Especially if you specialize in it like Golden Coral, Ryans, etc.
Here is the breakdown:
1. The majority of food is low cost/high feedability (mash potatoes, mac -n- cheese, gravies, rice). These items can be purchased in bulk for near nothing. A 50lb bag of rice cost less than $30. You can feed about 200 people on a 50lb bag of rice.
2. You deal in volume customers. Example: you have a party of 10 come in to eat. 2 people go to town and eat up a lot of food. the other 8 only eat a plate or two. But they all pay $10 each. For that $100 dollars you only really give away $45 worth of food.
This allows you to have "t-bone steak night" once a week and "lobster night" once a month. This a very basic example, I could go further indepth............
|
I knew that there had to be some mathematical equation they used. Those things are popping up like weeds and seem to be prospering. I always knew how rent-to-own places made a bundle (did a research study on them my Sr. year) but buffets always had me stumped.