I am doing my second violin cake this week for a friend who is paying me (this will be only the second cake I will have charged for, out of about 20!)
I know pricing varies from geographic area to geographic area, but I just want opinions! The one I am going to post here was a 6-hour, last minute project I did last year for my daughter's Suzuki Book 1 graduation, and the friend wants it based on seeing this one!
I am fully anticipating that this week's one will be soooo much nicer I'm hoping and confident I can make it look close to this one:
What do you think I should charge her?? The cake will be yellow doctored box mix, using a durable recipe; homemade SMBC for the filling; homemade white chocolate ganache for under the fondant; homemade chocolate MMF for the outside; some hand painting to get the wood grain look; fondant details (pegs, tuners, black pieces, etc.); and jewelry wire for the strings.
I just want a general range from you all--I'm not looking for exact. Thanks for your opinions!
A SWAG estimate of our price would be around $290, see calculation below:
$30 ingredient cost + $180 (6 hours labor * ($15/hour wage + $15/hour kitchen rent)) + $20 per-order overhead (annual overhead such as insurance and license fees / # of orders per year) + 25% profit margin.
Since we live in CA we cannot legally sell a cake unless it was made in a licensed and inspected commercial kitchen, if you live in a state with a cottage food law that allows cakes made at home to be sold your price would probably be lower.
Jason--- had to look up "SWAG"... loved that!