Chapter 8: You’re missing the private party money.
The leak
Private events are some of the best money in a restaurant: guaranteed guests, a set menu, a deposit up front. Yet the inquiry arrives by email, Instagram or a phone message, sits until someone has time, and gets a reply like “let me check with the chef.” By then the person planning the birthday has booked somewhere that answered.
Operators know there’s money here. Adding more ways to make money, like catering, was the fastest-rising goal in Toast’s 2026 survey (Toast).
What it costs you
A private event has to earn more than the regular guests it replaces. Work out what that space normally earns in that time slot, add a premium for the extra work, and turn it into a minimum spend:
Mirela’s back room seats 20. A normal guest leaves $38.50 after food and drink. With a 30% premium, and 70% of event spend left after food and drink costs, rounded up to the next $100:
| Normal guests in the room | Normal contribution | Minimum spend before tax and service | |
|---|---|---|---|
| Saturday, 7–10pm | 30 1.5 turns | $1,155 | $2,200 |
| Tuesday, 7–10pm | 12 0.6 turns | $462 | $900 |
That second row is the opportunity. A Tuesday party barely displaces anyone, so Mirela can price it attractively and still earn far more than a normal Tuesday. Price Saturdays high. Sell Tuesdays hard.
The fix
- Work out your minimum spends for each space, day and time in the Private Event Builder, right below.
- Build three packages with Prompt 1, from dishes that earn well (Chapter 2). For example: a family-style supper, a full feast, and a full buyout with a minimum spend. Fixed menus make costs predictable and the kitchen calmer. The Builder checks each package against your minimums.
- Decide your terms once, so nobody has to “check”: deposit to hold the date, final headcount deadline, what’s included (tax, service charge or gratuity), cancellation rules. The Builder writes them up from your answers.
- Turn the packages into a one-page PDF you can attach to every reply. AI writes it; lay it out in any design tool or template.
- Reply within the hour, while open. The Builder writes a reply from three details: date, party size, occasion. Always give two options and one clear next step.
- Follow up three times, then stop: day 2, day 5, day 10. The Builder writes all three; so does Prompt 3.
- Keep a simple inquiry list: date received, name, date requested, size, status, value. The Event Inquiry List in the kit shows your close rate within a month.
Hi Dana, happy early birthday to your partner. Saturday the 14th is open for 18 guests in our back room. Two options that work well: Family Supper at $65 per person, or The Feast at $85 with an extra course. The room has a $2,200 minimum on Saturdays. If a Tuesday works, it’s $900. The full menus are attached. Want me to hold the date? A $300 deposit secures it. — Mirela
It answers the real questions (is it free, how much, what do we eat) and ends with one easy yes.
Price your private room.
Minimum spends for each day and time, packages checked against them, and a reply, follow-ups and terms ready to send. There’s a worked example inside.
No sign-up. Your numbers stay on this device.- Event Inquiry ListEvery inquiry, its status and value, your close rate and how fast you reply. Opens in Excel or Google Sheets.
The prompts
Prompt 1 · Build the packages
Prompt 2 · The reply
Prompt 3 · The follow-ups
Three decisions this week
What you leave with
Run the Private Event Builder with your own numbers and this section fills in: your result, a PDF of it and your plan as text.
- Your minimum spends, packages and repliesWaiting for your numbers.
- 08Event Inquiry ListEvery inquiry, its status and value, your close rate and how fast you reply. Opens in Excel or Google Sheets.
- Numbers from another device?Load a backup file you downloaded there.