I met and interviewed Greg Clark from Bevinco at the Nightclub & Bar Show in Las Vegas. Greg works with 40 different bars and restaurants in the United States to help them achieve their desired profits. I and asked him what his top tips were for bar owners. Here's what he said:
What do you do to control costs in your business? These tools might help you:
Download our Bar & Beverage Stocktaking Package and identify your profits or losses today!If you're not regularly conducting inventories or
paying a company to stocktake for you, you may be overlooking some
significant losses. Every bar & beverage business has some form of
losses, but as the business owner, you should know what they are and
how much they impact your business. Regular stocktaking will allow you
to identify and reduce the losses.
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Theft is rife in the bar trade, so follow these simple steps to reduce the chances of theft in your business.
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How To Calculate Your Beverage Cost Simply And Quickly
Calculating
your beverage cost (or ‘pour cost’, as it is commonly referred to in
the bar business) is a simple procedure that every restaurant or bar
owner should know how to do.
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Do
you know what steps to take to increase cash flow and free up stock on
hand? Use our six-step plan to reduce your stock holding today.
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Download: Spirit & Liqueur's Profit Analysis Spreadsheet
The
purpose of this Gross Profit and Beverage Analysis Sheet is to enable
you to see the cost price, selling price, profit margin and gross
profit for all your spirits & liqueur's at a glance.
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