alt Hacker NewsLove the communal aspect. Curious about the economics of this, how do you typically split revenue with the restaurant, and what’s the average ticket price per guest?
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nefrix • last Thursday at 10:12 AM
I am also curious on that
Love the communal aspect. Curious about the economics of this, how do you typically split revenue with the restaurant, and what’s the average ticket price per guest?
I am also curious on that
We negotiate a per seat all in cost with the restaurant inclusive of food, one drink, tip, and tax. We sell the tickets directly to our members and add some margin on top. Average ticket is $115.
5 days before the event we lock the head count with the restaurant. At this point the ticket is non refundable (we allow transfers). Then we pay the restaurant one lump sum. At the event the guests are only responsible for their bar tab (outside the one included drink), we don’t get a cut of that.
Sometimes we have seat minimums we need to hit and eat the cost if we are short (that rarely happens). We don’t allow ordering any other food outside of what’s on our menu.