What is a menu with one price for the entire menu?
A prix fixe (a French term meaning “fixed price”) is a menu that offers a full meal at a set rate. Typically, that means diners get three courses consisting of an appetizer, entrée, and dessert. Diners choose from multiple options for each of the three courses, but the price remains the same no matter the selection. A prix fixe menu offers a multi-course meal at a fixed total price. The number of courses can vary from 2 to over 10 (see: 5-course meal). Sometimes you may have options to choose from within each course. Though, commonly, the menu does not provide choices within courses.
How to get a menu price?
To set your menu prices, start by calculating your food cost for each dish, then factor in overhead expenses like labor, rent, and utilities. From there, consider customer expectations, competitor pricing, and your restaurant’s unique positioning. The 30/30/30 rule is a simple budgeting framework where restaurant owners aim to allocate: 30% of revenue to food costs.The 30/30/30 rule recommends that restaurants allocate 30% of revenue to food costs, 30% to labor costs, and 30% to overhead costs, leaving 10% as profit.