How do I easily compare my college's food service pricing with my competitors?

Name: How do I easily compare my college's food service pricing with my competitors?
Uploaded: 2025-04-03T02:31:18+00:00
Duration: 1 min 34 s
Channel: Gary Stocker
Description: A college's dining costs run $5,000 per student versus the typical $1,300, suggesting it could cut expenses in half by switching vendors. The analysis…

3 Apr 2025 · 2 min

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1:34

A college's dining costs run $5,000 per student versus the typical $1,300, suggesting it could cut expenses in half by switching vendors. The analysis flags Parkhurst and Bon Appetit as expensive providers and questions a $610,000 EAB contract amid declining enrollment.

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take a look at specific contracts for, for both of these. So Elmira, and so they went from— let me see these. So, right, let me just look at their most recent contracts and just give them a hint on what to look at here. So they went from zero contracts to all of a sudden having a bunch of contracts. And that could be a data error. It's hard to believe it went from zero to nine, but maybe they did. I don't know. But one thing to look at is this dining contract is really high. All right, I'm going to show you another example. And the reason I know it's high is that's almost $5,000 per FTE. That's very high. Normal is like $1,300. So it's highly likely they could cut this dining contract in half if they shopped around a bit. By the way, Parkhurst is a very expensive dining service provider, same as Bon Appetit. And I'll show you that example with Knox College in a bit. But here's another one, transportation, $300K. It's not a huge contract, but I mean, everything's going to add up for this, this school. And again, EAB, $610,000 that you saw their enrollments is cratering, right? Maybe they just brought on EAB, but let's just double check that. I don't want to be picking on a certain vendor all the time, but they may have just brought them on, which could be a good move. Yeah, it looks like, yeah, they just brought them on, it appears. So, uh, clearly trying to do something on that revenue side, but, you know, this is pretty late in the game now. You've lost half of your students already at this point. Um, and still no balanced budget after cutting half of your staff. So.