Just some math. It's an oddly warm and rainy day here, so I'm amusing myself. Hope this helps.
Pork @ $1.59 per pound @ 55% yield= 2.31 per cooked pound
4oz meat = .58 meat cost
Large bun cost =.25
Slaw (condiment)= .10
Side = .30
Pellet cost = .02 (???WAG)
Sub Total $1.25
Fry tray, fork, sauce, napkin .25
Total Food Costs 1.50 food cost
Assume 100lbs raw weight cooked each day for 55lbs servable product or
For 220 sandwiches @ 6.00 each (25% FC) for total potential sales of $1320.00
That’s 28 sandwiches per hour from 10am-6pm (If you do more than this you’ll need additional help, and you might need more help anyway depending on how strong your bladder is, how well you stand the heat, etc.)
Deduct $67 for one days fees
Deduct $200 for labor (assuming 2 people @ $10 per hour x 10 hour day)(8 hour service day plus 1 hour ea for set-up/breakdown)
Deduct $330 for food costs (1.50x220)
Deduct $25 for your water to drink and gas to get to event
Total hard costs = $622
Less total sales = $1320
Net profit = $698.00
So if you don’t worry about insurance, depreciation, taxes, maintenance, etc., you can pay yourself something extra.
Now the question is, can you serve 660 people per day? Will they show up? If they do, can you handle the flow, because they will not show up 28 per hour? If you add a second meat, will it add to your total business of just dilute/split the ASSUMED 660 customer count, meaning you'll need to adjust amount cooked of each meat?
Assuming 10Kpp per event for 3500 per day and just 2 other vendors, if they’re using the same assumptions, together you’ll serve 1980 people combined per day(660x3), or 57% of all attendees per day. Is this possible? I don’t know.
Big assumptions here I know, but the questions that I see are “what is your time worth”, “is there value in this endeavor other than just profit”, and as Randy asked, “what is your risk tolerance”?
IMO, you will need an additional helper for this event if you see yourself doing 660 per day. At 28 customers per hour you'll need 1 person just to take money and talk to folks. Since they won't come at the perfect flow rate, you'll have hours where you'll do 100+ people, followed by hours where you think they might have called the event off you're so slow.
Additional info (from
Festival Info ):
· Nearly four-fifths of people buy a drink when they visit a concert, although most people spend less than £10 on average. Visitors to rock/indie concerts are the most likely to buy drinks and they are also the heaviest spenders, with nearly a fifth spending more than £21.
· Half of all concert-goers buy food and the same proportion buy merchandise. The biggest spenders on food are visitors to pop concerts and festival-goers, the latter reflecting the long dwell time on site. Merchandise buyers are slightly more likely to be men than women.