FOOD COSTING CLASS PT1 | HOW TO COST A PLATE OF FOOD |FOR FOOD VENDORS

Food costing class and knowledge of food costing is very essential for a food business to thrive
Please watch , like , comment and subscribe

[@chinenyeodunowo5650]

Hi everyone, I have been off KZbin for a long time .. catering business is a time consuming one ...but I am coming back with a bang ...do let me know what you want me to talk about on my next video ...drop comments , I would be reading

[@Chef.Eden.]

Thank you so much for this

[@EbrahaGift]

This is helpful thanks

[@jenniferamaka3198]

Wow this is very helpful, thank u and God bless u

[@user-hk1in8es7y]

Amazing , thanks for this ,you made it so simple

[@Florakitchen_94]

Was very helpful ma thank you

[@tt_the_umpheki]

Thank you ma'am. This video was really helpful❤

[@ChukkyTheServant]

God bless you lots

[@ijorifega5079]

Ma thank you very much ma God bless you richly

[@aguuloma6175]

You're a wonderful teacher! God bless you ma'am ❤️

[@AliceFelix-li1rf]

This video and class is very helpful, thank you very much

[@chinenyeodunowo5650]

Yoi are very welcome

[@Luxuryrealtorrufina]

Thank you very much

[@ThrivewithRejoice]

Thank you so much, Ma'am

[@bilkisusuleiman8486]

Really love this. Thank you

[@chinenyeodunowo5650]

Glad you enjoyed it!

[@SPICROOTSLimited]

So helpful

[@JoneyMulluh-yu3ki]

Straight to the point.very helpful ❤

[@chinenyeodunowo5650]

You are welcome

[@miraclemwale925]

Thank you for this, for someone that going back into food business after COVID 19 this was helpful....

[@chinenyeodunowo5650]

You are welxome

[@the_rare_versionj.e.m8005]

Thank you so much for this video!!

[@chinenyeodunowo5650]

You are so welcome!

[@stephanieoghale1074]

Thank you for this video. It is very helpful.

[@chinenyeodunowo5650]

You are welxome

[@olayinkahussain3333]

Really love this,it's so comprehending

[@chinenyeodunowo5650]

Thank you 🙏🏾

[@dinewithamen]

Thank you so much for this video It is very helpful 👌

[@chinenyeodunowo5650]

You are welcome

[@treatubotanical7459]

This is very great video. straightforward and very well explained.

[@chinenyeodunowo5650]

Thank you

[@blessingmomoh2126]

Thank you ma'am, i am just getting to see it now in 2024

[@chinenyeodunowo5650]

You are welcome

[@doriskuma3924]

Thank you, I am truly grateful.

[@chinenyeodunowo5650]

Your welcome

[@doriskuma3924]

Wow, incredible teaching.

[@chinenyeodunowo5650]

Thank you

[@awesomekitchenz]

Thank you for this. So informative. First time seeing your video. I subscribed immediately

[@chinenyeodunowo5650]

You are welcome

[@chinenyeodunowo5650]

Thank you for subscribing ❤️

[@ogechukwuike7366]

Thank you for this very helpful 🙏

[@chinenyeodunowo5650]

Thank you

[@sarahsam99]

Thank you for this video ❤

[@chinenyeodunowo5650]

You are welxome

[@martha_okenyi]

Thank you so much ma’am. Thank God I found this video. Had to search a long time for something as accurate as this and thankfully I found this. God bless you! ❤

[@chinenyeodunowo5650]

God bless you too dear ❤️

[@chefritakitchen5298]

Thank you so much 👍 hospitality Star ⭐⭐

[@chinenyeodunowo5650]

You are welcome

[@THEFORTRESS97]

THANK YOU SO MUCH MA FOR THIS. MAY GOD BLESS YOU.

[@chinenyeodunowo5650]

Amen … bless you too … and thank you for watching

[@Oliviachukwu6]

Thank you

[@johnsonbariadora1653]

Thank you so much ma The explanation was really clear.

[@chinenyeodunowo5650]

You are weloxme

[@chisomonwuasoanya5058]

Thanks the video is so helpful

[@chinenyeodunowo5650]

You are welcome

[@oluwafunmikesomefun2599]

Thanks for sharing ma’am God bless you.

[@chinenyeodunowo5650]

You are welcome

[@chinenyeodunowo5650]

Bless you too

[@biladeprecious2324]

Well done ma thank you 😊

[@chinenyeodunowo5650]

You re welcome

[@designwithshima7079]

This was very helpful and very easy

[@chinenyeodunowo5650]

Thank you

[@NeslineVlog]

Thank you this is really helpful

[@chinenyeodunowo5650]

You are very welcome

[@oluchijacobs2828]

Simple and good for a novice like mme😊

[@chinenyeodunowo5650]

You are welcome

[@joyndoma8896]

Thank you so much for this video cuz sometimes you them price to them it will look as if is too expensive

[@chinenyeodunowo5650]

They wouldn’t understand, but don’t reduce your price .. your real customers will come

[@JenniferIyama-ed5sb]

🎉

[@7tmr8]

Wow,new sub here. You are a great teacher

[@chinenyeodunowo5650]

Thank you

[@Vivian_Edward]

Thank you ❤

[@ezeprince1175]

Great❤

[@chinenyeodunowo5650]

Thank you

[@user-wq9pb9cc3y]

You’re a great teacher ❤

[@chinenyeodunowo5650]

Thank you

[@askchefmatt6777]

Thank you so much, it help alot

[@chinenyeodunowo5650]

You're welcome!

[@ainachristana2868]

Thanks ma . I understand very well

[@chinenyeodunowo5650]

You are weloxme

[@fortunetourde-akari8651]

The only reason why anybody won't succeed in any business is..the fear to start and the poor mindset that food business is meant for iya basira and co, or lack of proper funds..because I blv this is enuf information to start...thank u ma

[@chinenyeodunowo5650]

You are welxome … thank you for watching

[@janehillary8682]

Nice one

[@chinenyeodunowo5650]

Thank you

[@rejae3904]

Better than even the food class I paid for 👏🏽

[@chinenyeodunowo5650]

Thank you 🙏

[@Ruth_Sampson]

Godbless u ma❤

[@user-rk4yq7sc8l]

Godbless you ma..

[@chinenyeodunowo5650]

Amen

[@HOMEMADEbychefbevy]

This is very helpful , I understand ur teaching more than the culinary school I went to , God bless u ma

[@chinenyeodunowo5650]

Amen ..bless you too 🙏

[@doriskuma3924]

I swear 😆

[@blessinganiedi645]

This is really helpful Thank you Been struggling with this

[@NatashaSanny-ps9qe]

This is so helpful but what if i am located in an environment where they prefer they can dictate what they are buying,l mean like spoons of foods they are buying?

[@onobredefekemi7056]

I am loving this, u er indeed a good teacher

[@chinenyeodunowo5650]

Thank you 🙏🏾

[@arikecooks0]

Please what if you’re just starting and can’t determine how many people would order your food yet. How do you calculate per plate

[@Ebuskitchens]

Yes ma'am we need this please Thank you

[@vickyposh5747]

Please we need it

[@ConfidenceNile-pc7lm]

The question I was waiting for

[@miss_Antwi]

When you're starting out, I think you need to experiment and that is too start very small and keep growing. I think that will help

[@adaonuoha9853]

Just double the numbers or price

[@mafoelukpo6337]

Thanks this is educative,pls the congo is derica and how will you portion for 10people.

[@chinenyeodunowo5650]

Yes it's dericq ..the big derica

[@ayodelemary1381]

Thank you so much ma

[@chinenyeodunowo5650]

You are welcome

[@d-chefadanma6143]

Thank you very much sis Please can you teach us how to calculate for overhead cost 🙏🏽

[@chinenyeodunowo5650]

Yes I should ...I have been off KZbin for a while because of business. . But im coming back

[@_CTASTE]

First time here wow i was stressing my head someone want chicken and chips for 20 people

[@mirabbychinaza8315]

Pls what about soup and stew order how do cost them

[@ajayimonilola1733]

Wow....i really enjoyed your teaching. God bless you Please i was asked to send a quotation to cater for 300 guests. How do i present my quotation to the client that will make it appealing/inviting?

[@chinenyeodunowo5650]

I would teach this

[@francaokpoh5578]

Thanks for the video. Looking at your calculation 2,170... already has 50% profit margin in it.. so what margin is ideal ? With 2,500 it's about 80% profit margin,with 3,500 it's over 100% seeing that your cost price came to 1,475. That's before adding the 50%. Is there an ideal industry standard?

[@chinenyeodunowo5650]

You as the seller , would determine your percentage profit ... sometimes it’s safe to have at least 80 to 100 percent profit .. because things happen ... for example scarcity of money , increase in food stuff price etc ... I sell a plate of food for 3500, even after the scarcity of money , I ddnt increase price ... it ddnt affect me much , because I have already factored all the risks in my price

[@ithunokhaedith7263]

Exactly wat was on my mind. Wat margin profit is ideal??

[@onyeanuchinonsogeraldinema6830]

Thanks,the video was very educative.please i want to know how to go about 1000 people,how do you charge them

[@chinenyeodunowo5650]

Saw your message ...I will reply you after church

[@dmy4946]

I feel like crying hearing these prices and comparing them to today's prices🤧

[@chinenyeodunowo5650]

When things were still cheap 😅😅😅

[@elizabethajewole5288]

How to I know the exact quantity of rice that will be enough for one plate, 5litres plates… or the amount of soup that will be enough for 5ltrs of plates

[@user-nw9dd6vf8r]

Please how much do I need to start a food business

[@aguuloma6175]

Ma, what is equivalent of congo with derica?

[@chisomonwuasoanya5058]

What if its not an order? That you are just cooking and selling in your returant, how do you calculate your profit

[@chinenyeodunowo5650]

Use the same formula I stated , to get a plate of food price .. you would need to use this same formula

[@Veekeeskitchen]

Hello mma thank you for this video it was helpful. How do you calculate for 2.5, 5 Litres of food for example rice or soup bowls pls how do you charge for this sizes ?

[@chinenyeodunowo5650]

For 2.5 liters ..5 liters ..I use the protein pieces to calculate price ..would do a video of that and also upload

[@Veekeeskitchen]

@@chinenyeodunowo5650 thank you so much. We await the video ♥️♥️♥️

[@ChrisG-yu5fq]

Good video, very informative. I subscribed and liked to help make the video reach more audience. Many are just doing business blindly. That said, I can see that after applying profit (50%) you still added Gain (90%) Food business is definitely my next bus-stop. The ROI na MADD!

[@chinenyeodunowo5650]

😅😅😅😅we have to leave room ..for price increments in the future

[@KenAchu-cn1qv]

Please how many cups can go for 15 people

[@ogechukwuike7366]

Please how can I charge my clients for a pot of soup 🍲

[@makindeislamiyah-fg6rq]

please how much is the cost of Jollof rice with meat for 1000 people

[@dmy4946]

I am in 2024 and tomato puree is #1000 for a role 🤧🤧

[@GospelJonahGJ]

My question After the calculation and arriving at 2,132 What is the actual profit and what is the actual selling price without profit? Cos after dividing i can say a plate of jollof rice go for 2,132 or 3000 as you said So how do i mapp out my profit there again Do i multiply 3000 by 0.5 again to get the actual profit. It confused me a bit there An explanation will help. Thank you sis

[@chinenyeodunowo5650]

You multiply by 0.5 to get your actual profit ..

[@joyndoma8896]

Good evening sis people can I no how you do your price list?

[@chinenyeodunowo5650]

That’s a different class on its own .. you can message me on 09031306537

[@doriskuma3924]

I am coming too oh

[@AniChijioke]

Tunubu never enter when you did dis video

[@edwinaclement4849]

Iswear😂😂

[@prettynonny4722]

😂 am telling u

[@greatthinkswise]

As in

[@user-fu5zx4nd3b]

How about people that sells snacks

[@chinenyeodunowo5650]

It’s basically the same method ... know the quantity of the ingredients for your snacks and do the same calculation

[@anyanwuchiomagolden9251]

Will I charge for delivery seperately

[@chinenyeodunowo5650]

Yes, your delivery fee is separate...

[@Girl-lm8ln]

You need to work on your sound

[@faithanthony1043]

Please which one is konko is it derica as it is called in lagos

[@chinenyeodunowo5650]

Yes it’s the same with one derica ... Congo is the plastic one

[@johnomolola2697]

Please for those of us using milk cups to measure, how many milk cups can be found in a congo?

[@janehillary8682]

Pls how many cups is in the kongo

[@kunmifatima4367]

@@janehillary86828 cups.

[@agnesdung2081]

ma please teach is in bowls

[@chinenyeodunowo5650]

Yes ...would post soon

[@faithfulmicheal8384]

Am confused in the since that I want to start a new business like Road side vendor after estimating the price in the market I don't know how to cost my food per plate can you help me pls

[@user-iw7jt6yc6n]

Ma I taught the profit margin your added earlier was your gain.. I don’t quite understand why did you add more at the end of the calculation?

[@user-iw7jt6yc6n]

What’s a profit margin also?

[@chinenyeodunowo5650]

You have to add more money Incase of unforeseen circumstances.. food stuff price might increase , fuel increase , rent increase etc

[@chinenyeodunowo5650]

@@user-iw7jt6yc6n your profit margin. Is how much profit you want ...for example you bought an item for 300 naira , if you sell it 500 ..your profit margin is 200 ..that's 20 percent.

[@mercyogechi]

Things were really cheap the year you recorded this video 😢😢😢

[@chinenyeodunowo5650]

Yes o

[@patrickbangura6873]

Your video quality is very poor sound very bad.

[@faithfulmicheal8384]

Thanks you so much

[@Debbypotsandspice]

So helpful

[@chinenyeodunowo5650]

Thank you

[@okekepreciouschinonso5159]

Thanks so much

[@chinenyeodunowo5650]

You are welcome