Food and Beverage Costing and Pricing
This course is designed to equip both professionals in the food and beverage industry with the essential skills to accurately cost and price menu items. Participants will gain a comprehensive understanding of cost control, profitability analysis and strategic techniques to maximize revenue while maintaining quality and value for customers.Â
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Food and Beverage Costing and Pricing
- Method: Online Classes
- Contact Hours: Contact Hours: 30 hours
- Price: TT$1,245
Days: Wednesdays|
Time: 5-8pm |
Class Mode: Online|
Date: 10th Oct,2025- 17th Dec,2025|
Course delivered over 10 weeks (3 hours per week)|
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Payment Terms
You are required to pay 100% of the total cost at least seven (7) working days prior to commencing of training. If you are unable to pay the full amount before the start of classes, you have the option of making 50% down payment and the balance payable by the middle of the programme.
Persons that choose to make payments via the bank account: the receipt must be emailed or Whatsapp to 477-8910 one (1) week before commencing of training.
Should THTI cancel a scheduled class before its commencement, THTI will refund 100% of the course fee.Â
Should an applicant having paid all the required fees withdraw before the start of a scheduled class (having not attended any classes) a 10% penalty fee will be charged.
Should an applicant having paid all the required fees withdraw after the start of a scheduled class (having attended at least one (1) class) a 20% penalty fee will be charged.
No refund is applicable should an applicant having paid all the required fees withdraw after attending two (2) or more than two (2) classes
Should an applicant having paid part of the required fees withdraw before the start of a scheduled class (having not attended any classes) a 10% penalty fee will be charged.
Should an applicant having paid part of the required fees withdraw after the start of a scheduled class (having attended at least one (1) class) a 50% penalty fee will be charged.
No Refund is applicable should an applicant having paid part of the required fees withdraw after attending two(2) or more than two (2) classes.
Applicants in cases 2 and 3 will be given the option to transfer to another course or the same course being offered at another date.
Course Summary
Food and Beverage Costing and Pricing
- Method: Online Classes
- Contact Hours: Contact Hours: 30 hours
- Price: TT$1,245
Days: Wednesdays|
Time: 5-8pm |
Class Mode: Online|
Date: 10th Oct,2025- 17th Dec,2025|
Course delivered over 10 weeks (3 hours per week)|
Learning Outcomes
- Utilizing data and analysis to inform menu development and pricing.
- Understand and manage costs to balance profitability with customer satisfaction.
- Understanding how pricing contributes to and reflects the brand image and target market.
- Ability to adapt to changing market conditions
- Applying concepts to real-world business scenarios.
- Implementing strategies to increase revenue and sustain business growth.
Course Description:
The course combines theoretical insights with practical tools to empower managers, chefs, bartenders, pastry-chefs, caterers and entrepreneurs to make data-driven decisions that enhance financial sustainability and competitiveness in a dynamic market.
By exploring cost structures, market trends, and pricing strategies, participants will learn how to develop menus that balance profitability with customer satisfaction. The course also emphasizes the importance of aligning pricing with brand positioning, ensuring that businesses stand out in a competitive marketplace while driving long-term growth.
Participants will master techniques to identify hidden costs, manage resources effectively, and set pricing that reflects both value and profitability. With a focus on practical application, the course prepares attendees to tackle real-world challenges, optimize menu profitability, and contribute to the overall success of their organization.
This course empowers participants with the analytical tools and knowledge required to make strategic decisions in costing and pricing. By understanding the relationship between costs, pricing, and market positioning, attendees can enhance business performance and competitive advantage enabling them to maximize revenue and sustain business growth, whilst adapting to changing market conditions.
Course Instructor(s):
Raakesh Madoo
Special Event Beverage Contractor Raakesh Madoo has over 24 years of experience in the Food and Beverage industry. He is a highly experienced professional mixologist who has worked at well-known establishments such as Crews Inn Yachting Centre. Mr. Madoo is a special event beverage contractor with the House of Angostura and a beverage judge with the Caribbean Hotel and Tourism Association. He holds a Masters in Project Management and a Bachelors in Management Studies. Mr. Madoo is a Level II holder of the Wines and Spirits Educational Trust for both Wines and Spirits. Mr. Madoo is currently a Food & Beverage Lecturer at THTI.
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Frequently Asked Questions
When is the next cycle of this course?
If you do not see a next session date for this course, you can still register today and we will notify you as soon as a new date is published. You can then make payments after a date is confirmed.
How do I register for this course?
- Create an account or log in.
- Submit the registration form.
- Choose payment option.
- Make payment.
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Do you have a payment plan?
Yes! We can offer you a payment plan if you are unable to pay the course fees in full upfront. Please contact us.
Can I pay with cash?
Cash deposits can be made at the bank. You can also pay via bank transfer or credit card through our website.
Note: We no longer accept cash payments on campus.
Do I get a certificate upon completion of this course?
Yes you will receive your certificate upon completion once all fees are paid.
