References:
Price of wholesale buttermilk pancake batter: https://www.foodservicedirect.com/krusteaz-buttermilk-pancake-mix-25-pound-1-each-74798.html
Average pancake weight: https://www.answers.com/Q/How_much_does_a_pancake_weigh_in_grams So (30 g + 45 g)/2 = 37.5 g
Price of unlimited pancakes as of 2022: https://www.usatoday.com/story/money/food/2022/01/15/ihop-all-you-can-eat-pancakes/6540034001/
That’s for one container of wholesale batter, IHOP is not paying that price because they’re buying a lot more.
I don’t know if this is helpful, but when I worked at Olive Garden 10 years ago, a spaghetti and meat sauce cost them $1.09. That includes everything, labor, etc.
If the price per pound decreases if they get a special bulk rate, it means you need to eat even more pancakes until they lose money lol.
Yeah exactly! Though the overhead of employment might bring that number back up to about your original estimate.
If that really does include everything, why do I always hear about how thin margins are in the food service industry? That doesn't sound like a thin margin to me.
Margins are thin on things that aren’t pasta. OG also had a great thing going with the wine focus. You could get a glass of estancia Pinot noir back then for like $7. The bottle was $8 retail.