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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Cloud based POS systems for bars and restaurants One of the new technological advances to affect the hospitality industry is the emergence of cloud based POS systems. In many ways it’s a natural progression following the ...
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Liquor cost: Timed events on your bar’s POS. These days the solid majority of bars and restaurants have electronic POS systems. The exceptions are a few bars which are still holding off and these aren’t typically places that are ...
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If you remain in any doubt about whether theft may be diminishing your hard earned profits at you bar check consider this: Bartenders write books that show you how to scam from your employer! Clearly the level of dishonestly that ...
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The fact that I own a liquor inventory service for bars and restaurants means I spend a lot of time thinking about liquor inventory and liquor cost. Here are some of my thoughts on liquor cost in the US hospitality industry: ...
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