You can make a lot of money from selling drinks, regardless if you have a restaurant or a bar. Pricing drinks competitively is key to maximising profits. There are two major pricing methods that you can use when pricing your drinks menu. One is cost-plus pricing. You will need to make a list of drinks and determine the cost per drink for each.
Cost-plus pricing adds a standard markup percentage and takes the pour cost of each drink. This method gives you the ability to estimate the cost of each beverage. This method is simple to use, but it does have some limitations. Cost-plus pricing is not a way to account for the cost of competition. It is therefore important to compare the prices in your area and ensure that you are charging enough for your drinks.
Normally, the best way to calculate your per person/per hour pricing is to take the average price of beer and wine in your area. Multiply this average by how many guests you anticipate to be in your bar. This will give you an approximate number of drinks you'll be able to have each hour. In most cases, guests will consume two drinks within the first hour, and one per hour thereafter.
Beer costs approximately $4 in most regions. Draught beer tends to be more affordable than bottled beer. However, draught beer has higher overhead costs and requires kegs. Furthermore, bottled beer is easier to store that draught beer.
In most areas, liquor costs around $10. This means that 90% of the cost for a drink will be paid at your bar. This is due to the fact that most bars serve only one or two ounces each of alcohol. One liter of liquor makes thirty or twenty drinks. The cost of liquor is the largest bar cost of goods sold.
If you're planning to run an event, your bar pricing needs to be profitable. It can be tricky to decide what price to charge. Factor in inventory costs, staff costs, as well as other costs involved with running a bar. It is important to remember that your pricing will change based on the number and type of guests.
It's also important to remember that the identity of your venue will also play a role in your pricing. For example, if you're in a hip, trendy area, you may want to charge more for cocktails. However, if you're in a more traditional, low-key neighborhood, you can offer the same drink for less. To increase your revenue, you can offer more than one version of the same drink on a few products.
When you are planning on serving food, you will need to consider the cost for ingredients. For example, if you're serving pizza, you'll want to make sure you're charging enough for the ingredients you're using.
The salary of your staff will be a factor in determining the alcohol price. Most bar staffs want to be paid for their hard work. Therefore, if you are charging a higher price, they may want to work harder to get their pay.
FAQ
Are there any tips for making great cocktails at home?
Here are some great tips to make delicious cocktails.
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Use only high-quality spirits. You shouldn't buy cheap alcohol that tastes similar to rubbing alcohol. Select premium brands such a Absolut Citron.
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High-quality syrups and juices are best. Avoid using low-quality juices and syrups that contain artificial flavors and colors.
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Be sure to clean your glasses. Drinks will taste better if your glasses are clean.
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Be careful not to overfill your glass. Your glass should be no more than three quarters full. Overfilling your glass will dilute the strength of your cocktail.
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Always shake your cocktail well before serving.
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Serve your cocktails ice cold.
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Add fresh garnishes to each cocktail. These include lemon wedges, orange slices, lime wedges, mint leaves, cucumber slices, strawberries, raspberries, blackberries, cherries, blueberries, pineapple chunks, kiwi pieces, grapes, olives, pickled ginger, and celery stalks.
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Garnish your cocktails with edible flowers such as rose petals, pansies, nasturtiums, violets, and dahlias.
What types of glasses should i buy?
Get glasses that hold less than 4oz (118ml). Glasses with a larger volume can heat up and lead to burns.
What can you pair with a martini
There are many things that you can put into a martini. Here are some tips:
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Olives
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Lemon slices
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Maraschino cherries
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Peanuts
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Cheese cubes
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Pickles
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Caviar
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Grapes
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Strawberries
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Ice cream
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Shrimp
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Crabmeat
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Oysters
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Sushi rolls
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Bacon bits
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Hard-boiled eggs
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Cocktail onions
Statistics
- majority of pineapple juice and Malibu rum is only 21% alcohol content. (breakingtheboredom.com)
- It is customary to leave a tip of 10-20% of the bill total. (boguesounddistillery.com)
- If you choose one that's made with 100 percent agave (like Milagro or Sauza), you'll save a ton of money and still get a great-tasting drink. (mashed.com)
- its content makes it 10.5%, which is far less than wine. (breakingtheboredom.com)
External Links
How To
How to make Manhattan's best cocktail
A Manhattan is one of the most famous cocktails in the world. It was first described by Harry Craddock in his book "The Savoy Bar Book", published in 1930. The cocktail is made up of equal amounts of sweet, dry, and rye whisky. It's mixed with ice cubes. Some people add bitters, orange juice, maraschino cherry, or even Angostura Bitters. The Manhattan recipe has many variations, such as the Old Fashioned.
Manhattan is a classic cocktail with four ingredients. It can be served straight up in an ice-cold glass. Its origins date back to the 19th century when it was called the Four Deuces because it contained two measures of whisky, two measures of rye, and two measures of gin. The original recipe is still very popular with bartenders as well as drinkers today.
Some prefer to make bourbon, others prefer to make rye. Both can be equally effective. Use equal amounts of each ingredient to make a Manhattan. For example, two shots of rye, two shots of sweet vermouth, four shots of dry vermouth, and eight shots of gin. Let them sit for fifteen minutes before mixing. Strain out the ice and serve. Serve with a maraschino Cherry or a twist from lemon peel.