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We did the sausage sizzle at the hardware shop thing and made $1500 net for our pre-school for a days work, we grossed about $2000 odd. Location and quality food is the key. We had bacon and egg rolls as well as sausage in a roll. We made $100 just from the staff on the bacon and rolls for breakfast/morning tea.
I have seen people use cheap sausages and bread and it doesn't look good or smell good.
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