How do you price your juices? Do you look at your competition and choose a price that's comparable? Do you want to keep your prices as low as possible because you are afraid that you're overpricing your juices? Do you factor in labor, food costs and profit?
Instead of asking yourself what a juice is worth, you might tend to base your pricing on what customers are willing to pay. If that's the case, you probably have a difficulty making a profit.
Three simple questions.
1. Do you know the cost to produce one bottle of juice including all ingredients and packaging?
2. How much margin do you have for your expenses?
3. How much profit does a single juice make?
These are the numbers that you need to know for each juice you're making. Without a system, it's something that's very difficult keeping track. The price for your produce change with every season and also depend on how much you purchase. And you'll buy your ingredients in pounds or grams. Which makes it difficult to establish the amount of juice you'll extract.
We've created a calculator that will help you to know your numbers and will make the entire process a lot easier.
You'll only need to fill in a few details such as your recipe, the price you'll pay for a pound/kg and your margins and the calculator will break it all down for you. Are you receiving an order of 50 juices and don't know precisely how much fruits and vegetables you should buy? No worries. The calculator will display in detail how much you'll need for each ingredient.