Description
I need guidance to calculate for some financial ratios related to a food truck business such as break-even-point, gross profit margin based on the provided infor
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What is the cost of all the food for the truck?
I attached the cost of all the items I use every day, see attachment, and let me
know if you have any questions. Also, usually I spend about $400 to $500 a
week.
Do you pay for electricity at the farm, and if so, how much is it?
I pay $30 monthly for electricity at the farm. I only use it on Saturday and
Sunday every week.
What is the cost of all menu items?
American Hotdog Plain: $1.12
American Hotdog with tops: $1.50
Brazilian Hotdog: $2.79
Soda: $ 0.47
Water: $ 0.16
Juice: $ 0.30
Chips: $0.38
Meal Deal Combo ( American hotdog+Chips+ Drink)=$2.62 (added with the
most expensive drink(soda) for this price.
Brazilian Combo (Brazilian dog+ chips+Drink) = $3.91
Do you pay a fee in order to accept debit/credit card payments?
Yes, I use Square and pay 2.6%+10 cents per credit or debit card transaction.
• Do you pay others to help with the food truck?
I work alone for now.
How much do you typically sell in a day? In a week?
Sales vary every day, but on average I have been selling this last few weeks
between $700 to $900 daily and about $1600 per week. Last month my
average daily was between $300 to $400 so about $700 to $800 per week.
Cost of using a restaurant’s sink for sanitation?
$150 monthly
Cost of licenses?
Hawker and Peddler State of NH License $50
State of NH Department of State Limit Liability Registration $105
NH Health Department License $225
Trailer Registration City of Litchfield $93
Liability Insurance $299.00 Yearly
State Farm Insurance for accident on the trailer: I think is about $200 every six
months.
What are the total fixed costs (TFC) per month?
Commissary $150
Eletricity$30
YouTube for music on the truck: $13.99
What are the variable costs such as a hot dog cost, bun cost, condiments and
toppings cost, napkins cost, etc.?
I attached in the email all the individual items’ costs.
Also, something that may be important to know is that I must pay Meals and Rental
taxes every month. NH requires taxes on prepared food, so the customer pays 7.83% in
taxes on each item I sell in the truck. The taxes are already included in the prices so
there is no confusion for the customers.
My Menu and Prices are as follows (with taxes included):
American hotdog with or without toppings: $6.50
(toppings available: ketchup, mustard, onions, sauerkraut, relish, chili, and Cheese)
Meal Deal (American Hotdog, chips and drink): $8.50
Brazilian Buffet Hotdog: 1 ½ hotdog in a sub roll with Mayonnaise, onions, tomatoes,
peas, corn, mashed potatoes, casava flour, parmesan cheese, potato sticks, ketchup,
and mustard. $10.00
Brazilian Combo with chips and drink: $12
Chips:1.50
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