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 ...
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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 ...
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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 ...
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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.
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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 ...
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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, ...
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Liquor cost is the most common metric bars use to measure performance alongside total sales volume. Sales volume is fundamental since it represents the total dollars your customers are spending at your business. Obviously the ...
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This is my second post on the subject of average liquor cost for bars. The first post made some attempt to nail down what the average liquor cost is for various bars depending on the type of establishment. Overall I argued that the whole ...
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