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This is totally up to the venue. Obviously, it is important to remember that you do not want to give away the store, but on the other hand you want to make it enticing for potential clients to choose your venue, especially, at those times of the year when business is slow, and you want to maximize your revenue potentials.  If we had a magic formula to follow, we would certainly provide it, but just as the rest we do not have a definitive answer. But what we do suggest is that you can experiment from time to time with raising and lowering the percentage and see which percentage level seems to attract the most business.

Related Topics:

Steps to Access

Discounts or Cost Increases – Can I apply it to Specific Clients?

Other Related Topics:

Create a pricing package based upon:

Attendance

Attendance and Hours

Daily Rate

Fixed Time

Food and Beverage

Hourly Rate or Room Rental

Other:

Copy an existing pricing package

Remove an Outdated Pricing Package

View Existing Pricing Packages

Special Rates

Uploading Package Information or Delete – Menus or Package Offerings

Field Definitions:

Applicable Days

Attendees Included in this Price?

Base/Minimum Price

Deposit at time of Booking

Description

Inaccessible Fields

No minimum number of attendees

No maximum number of attendees

Package Price

Per Attendee Cost (Above any included in base price)

Pricing Package Name

Pricing Package Type

Time Slots