Indeed, don't dispute that the in Stadium catering a making a big mark up, although I'd suggest the unit selling price from manufacturer to them is slightly higher?
If it's sold at £4.10 the VAT is 68p, which was in the "profit" estimate before.
There's also wastage, etc that dents the overall...
Having owned a few food buisnesses and I'd like to say I think you're assumptions may be way out. I believe the product is hand-made and has a reasonable amount of meat in it?
I think you'd find that the unit cost, with labour, is probably nearer the £1.15-£1.30 mark?
The food industry is...
They're making the Kidderminster Harriers one look expensive at £4.10 but for those that remember Kidderminster away it's a fabulous Sheperd's Pie, in a large foil. I had two, one before and one at HT, and then just felt full and bloated!