When used in conjunction with other metrics, liquor cost can be a useful tool that helps you improve the performance of your bar. If you use a sophisticated bar inventory system that can compare what was sold vs. what ...
Read more ›
For many bars, liquor cost is the primary metric used to evaluate performance. Unfortunately, liquor cost isn’t a very useful tool for assessing performance, and this is oneof the main reasons ...
Read more ›
There are a variety of factors to consider when determining how to price the products sold at your bar or restaurant. It is important to think through all of these factors in order to ensure your prices increase business and maximize profits.
Read more ›
Today’s post discusses third party liquor inventory systems across the spectrum from least expensive/ hardest to use on one end through most expensive/ easiest to use on the other. Whatever method you use to perform liquor ...
Read more ›
In Part 1 of this post, we discussed three liquor cost management tips to help you achieve the right balance between maintaining a low liquor cost and ...
Read more ›
In our last post, we discussed the factors which impact your liquor cost. But understanding these factors is just part of achieving effective liquor cost management. You also need to make strategic decisions regarding these factors in order ...
Read more ›
Liquor cost management is an important factor impacting the profitability of your bar. If you are able to reduce your liquor cost, you will improve your profit margin on the drinks you sell. Therefore, it is in your best interests to engage ...
Read more ›
In Part 1 of this post, we discussed some of the problems associated with calculating liquor cost. In this section, we will provide you with some tips to help you eliminate these problems.
Read more ›
Liquor cost is one of the primary ways in which bars evaluate their performance. Ultimately, the lower your liquor cost, the greater the profits you will generate from each drink. As a result, it is in your best interests to carefully monitor ...
Read more ›
A bouncing liquor cost is a common issue impacting many bars. This occurs when your liquor cost fluctuates significantly from period to period. In most instances, ...
Read more ›