Post # 1
My fiance and I were looking at having our reception at a restaurant. This restaurant has a $7k minimum for food and beverages for the rooms that we wanted to use. That sounded perfect to us for the amount of people we’d have to feed.
However, they just told us that our nonrefundable deposit would be $3500! Does that sound a little high to anyone?
I saw a similar contract for this restaurant (Saturday evening, but fewer people), and they only wanted $2000 or so for a deposit. Do you think I could ask for a lower deposit?
Post # 3
@Mokara: Wow, that sounds high to me- we had a restaurant reception, total bill of around $9K, and they asked for only $200 to hold the date for us. We then paid in a couple installments with the final balance due the night of the reception.
It doesn’t hurt to ask!
Post # 4
I’d at least ask. Our venue food/drink and decor came out to about $12K and our deposit was $750. 50% is due 3 months before the wedding though.
Post # 5
Our deposit was $300 on a $1500 bill!
So that does seem pretty steep!
Post # 6
The venue we have our hearts set on (that we’re looking at this weekend) asks for a $2,500 deposit, regardless of how much you end up spending. I think overall, that’ll be like a 16% deposit or something for us, so yes, 50% does seem high!
I’d say it never hurts to ask about a smaller deposit, but don’t be surprised if they stay firm on that amount.
Post # 7
@Mokara: our first venue was a $3000 deposit (our total there would have been 10k) ….it seemed a little high, but we paid it anyway because it was the place we wanted:) and we would have been paying the $$ anyway….just a little sooner!
Post # 8
Thank you ladies! I’ll email them and hope for the best!
I’d love to just do the whole deposit, but I’d rather take care of my tuition first. ;p
Post # 9
We had a non-refundable deposit of $2500. That secured the date. 4 months before the wedding, 50% of the estimated total is due. Final amounts due 10 days before the wedding. Our final venue bill will be costing around 35k, so that’s only around 7%….we could never afford to put 50% down right away!
Also…. you can totally bargain with vendors!! They’re sales people and always have a little wiggle room. Some big name vendors might have really strict policies while the smaller companies are willing to bend a little. But you can certainly ask!
Post # 10
We asked our venue to do installments on the down payment. We took a whole year to pay the entire deposit off. A big reason for the long engagement for us was that our parents both wanted time to save money. If installments would help definitely ask!
Post # 11
Our venue did a 50% down payment, most places we looked at did so.
Post # 12
We had a nonredundable deposit for our venue, which was $9K something (33%). So yeah, maybe a little higher (percentage wise) than normal? At least ask and see what they say.
Post # 13
ours was a $7000 food minimum also, they wanted a $1000 deposit to hold the date. 50% was due 3 months out, and the balance was due 3 days prior to the event.
Post # 14
- Wedding: March 2012 - Pelican Grand Beach Resort
My venue required $3k to secure the date and then half the estimated cost 1 month later.
Post # 14
We just had to pay our deposit today at 25% $5,034. I guess each place has their own rules for securing the date?