Catering Service

Many hopefuls, anxious to open a gourmet catering service, think about the potential income. In reality, how much do people really earn? First, it should be noticed that two people in different areas may have similar earnings but their lifestyle may vary. The earning in this business depends on the area, market segment and type of events you cater to. Beware of the people and websites suggesting that you can earn a six figure income doing it part-time from your home. Yes, you can earn big but the communication and technology gaps have not narrowed enough to let you earn a hefty income, working part-time from home.

A part-timer with a small setup may just earn enough to keep things afloat. If you really want to get a larger share of the pie, you will have to work full time. Salaries for caterers can range anywhere from $30000 to $70000 per annum. The figures are provided for an established business, irrespective of the full or part-time status. It takes quite a few years to get a reasonable income.

A newbie in this business should wait for three to five years, before they can claim to earn enough. Now, it doesn’t mean that people don’t earn more. Remember the figures are provided from US Job Outlook Survey and it only suggests that these figures are median income. In other words, this is an average. Caterers, who have targeted niche markets, have been very successful at their initial stages. Infect, little research will reveal that there are several small start-ups that have grossed over a million dollar in revenue, within the first five years.

The take home pay depends on how you can curtail the extra spending and earn from the market segments that need your services. You can be a home based mom, a business tycoon or someone with a catering franchise but everyone will have to go through the same constraints as the others. Catering definitely is a lucrative option. There are around 60,000 caterers in the United States alone, so make sure that you distinguish yourself from the crowd.