Bars and restaurants make the majority of their revenue. You will need to price drinks competitively to generate maximum profits. There are two main pricing methods you can use to price your drinks menu: fixed pricing and cost-plus pricing. You will need to make a list of drinks and determine the cost per drink for each.
Cost-plus pricing involves taking the pour cost of each drink and adding a standard markup percentage. This method can be used to determine the actual cost of each drink. Although this method is very easy to implement it has its limitations. Cost-plus pricing does NOT take into consideration the cost of competitors. It is important to compare local prices and ensure you are charging enough for your drinks.
The best way to determine your hourly pricing is to use the average beer or wine price in your region. Multiply this average by how many guests you anticipate to be in your bar. This gives you the approximate amount of drinks per hour you will have. For example, two drinks per hour are typical in most areas. One drink is consumed after the hour.
In most areas beer costs $4. Bottled beer is cheaper than draught beer. Draught beer, however, has higher overhead costs and needs kegs. In addition, bottled beer is much easier to store than draught beer.
In most places, the average cost for liquor is $10. This means that at your bar you will pay 90% of the price of a drink. This is because bars usually pour only one or two ounces alcohol per drink. A one-liter liquor bottle can make thirty to twenty drinks. The highest bar cost of goods sold is liquor.
If you intend to hold an event, the bar pricing must be profitable. However, it can be difficult for you to determine the right price. Consider your bar's inventory and staff costs. You will need to adjust your pricing depending on the number of guests attending the event.
Your pricing is also affected by the identity and character of your venue. If you are in a trendy and hip area, cocktails may be more expensive. However, if you're in a more traditional, low-key neighborhood, you can offer the same drink for less. You can also offer several variants on the same item to increase your revenues.
When you are planning on serving food, you will need to consider the cost for ingredients. For example, if your restaurant serves pizza, you need to ensure you're charging enough money for the ingredients.
Also, your staff's salary will affect the alcohol prices. Most bar staff are eager to get paid for their hard work. Staff members may also be more willing to work hard if you are offering a higher wage.
FAQ
What size ice tray do I require?
You'll need either an 8-inch x 6-inch or 7-inch-x 7-inch ice-cube tray.
How can I learn to make cocktails?
There is no single right answer. You'll need experimentation until you find the best solution.
However, there are some important things to remember when making cocktails.
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Many recipes will call for ingredients like citrus juice, lemon juice, orange juice, etc. But these aren't necessarily interchangeable.
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Different recipes may require different types of glassware. Before you buy any glassware, make sure to check which glasses are compatible with your favorite beverage.
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Always add ice to cocktails. Then pour the liquid over the ice.
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Always shake well You will get a stronger drink if you shake the mixture.
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Garnishes are also important! They really bring everything together.
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Always use fresh herbs. Fresh herbs are better than dried.
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Explore other flavors. Mixing different fruits, spices, herbs and herbs with your favorite beverage can make it even more delicious.
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You can experiment with different types of alcohol. There are many types of spirits. Each has its own unique flavor profile.
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Mixing drinks can make it fun. Just follow the basic rules listed above, and you'll soon be mixing up some killer drinks.
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Do not be afraid of asking questions. Most bars and restaurants are open to sharing their knowledge.
What drinks are good together?
Mixing different spirits together can make the perfect cocktail.
The key to harmony is in the proportions.
This means you should know what makes each spirit great when mixed with other spirits.
Also, you need to be able to recognize how flavors interact with each others, which are complementary and which are clashing.
You should also think about who you want to appeal too.
For a simple, easy-to-drink cocktail, choose rum and coke.
If you need something stronger, then a gin-and-tonic is the best choice.
Statistics
- American blended whiskeys are so inexpensive because they only have to contain 20 percent whiskey; the rest can be made up of neutral grain spirits, colorings, and flavorings. (mashed.com)
- majority of pineapple juice and Malibu rum is only 21% alcohol content. (breakingtheboredom.com)
- According to a post on Quora, the average bartender can make upward of 140 drinks per hour. (gloworder.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)
External Links
How To
How do you make mixed drinks?
Mixed drinks are created from different ingredients, such as juices, spirits, liqueurs and syrups. These ingredients are then combined to make one drink. Mixing liquors together with water and ice makes a cocktail. It is usually made with fresh fruit juice, lemonade, soda water, tonic water, ginger ale, club soda, beer, wine, or any other type of alcoholic beverage.
These are the most popular types of cocktails:
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Margarita is a Mexican cocktail made with tequila and triple sec (or Cointreau), lime, and salt.
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Daiquiri -- A Cuban cocktail that includes rum sugar, lime juice, crushed ice, and rum
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Mojito - A Cuban cocktail consisting mainly of mint leaves and rum.
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Gin and Tonic is a British cocktail made with gin and tonic.
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Martini - A Martini is a cocktail that consists of vodka, vermouth, bitters and olive oil.
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Whiskey sour: A whiskey cocktail that includes bourbon and sweetened condensed milk. Lemon juice is added.
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Sidecar - A French cocktail containing cognac, orange Juice, and grenadine.
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Collins – A cocktail that consists of equal parts gin and fresh lemon juice.
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Manhattan – A cocktail that consists of sweet vermouth (rye whiskey), maraschino cherries, sweet vermouth, angostura bitters, seltzer, and maraschino cherries.
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White Russian – A cocktail that consists of vodka, Kahlua coffee liqueur and cream.
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Brandy Alexander - A cocktail consisting of brandy, creme de cacao, heavy whipping cream, and chocolate syrup.