The F&B Minimum is the minimum guaranteed amount that must be spent for appetizers, snacks, meals and drinks in order to reserve a venue. Often, this excludes taxes and gratuity.
Some venues will waive the room rental fee if the client meets the Food and Beverage Minimum. However, if the F&B minimum is not met, the difference may be applied as a room charge. Froomz enables venues to set up one of three F&B packages: F&B Minimum, F&B with Per Guest Charge and F&B with Specific Guest Count. Below is a definition of each.
F&B Minimum Only: This pricing package sets a minimum food and beverage spend that the client must meet in order to utilize the space. There are no set number of guests required, and maximum guest count is simply limited by the venue’s capacity. For example, Blondie’s Bar & No Grill in SF requires a $420 bar guarantee to reserve the space for mid-week mixers.
F&B Minimum With Per Guest Charges: This pricing package sets a price per attendee as well as a minimum food and beverage spend. Maximum guest count For example, Galleria Park Hotel has meeting packages that includes room rental, snacks and meals for $79/guest with a minimum of 10 guests, or a $790 F&B minimum. Another example is Alexander’s Steakhouse, which has packages starting at $75/guests and a $2,500 F&B minimum.
F&B Minimum With Specific Guest Count: This pricing package sets a minimum food and beverage that the client must meet, as well as the number of guests included in the package. For example, J. Lohr Vineyards has a Private Wine Pairing Dinner Package for $1,620 which includes 15 guests.
As with any planning, the devil is in the details. Be sure to check the venue’s F&B policy to determine any penalties that may apply if these minimums are not met.