Bars and restaurants make the majority of their revenue. To maximize profits, you will need to price beverages competitively. 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 means that you add a standard markup percentage to the pour cost of each beverage. This method gives you the ability to estimate the cost of each beverage. Although it is relatively simple to implement, it has some limitations. Cost-plus pricing does no take into account the cost to compete. Therefore, it is important to compare prices in your local area and make sure you're charging enough for your drinks.
In general, it is best to take the average price per person or hour of beer or wine in your area. Add this number to the estimated number of guests at your bar. This will give you an estimate of how many drinks you'll have per hour. In most areas, guests will be allowed to have two drinks the first hour and one the hour after that.
Beer is $4 in most places. 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 areas, liquor costs around $10. This means you will spend 90% less on a drink when you go to your bar. This is because the majority of bars will pour one to two ounces or more alcohol into each drink. Therefore, a one liter bottle of liquor yields thirty or twenty drinks. The highest bar cost of goods sold is liquor.
If you are planning on running an event, then your bar pricing must be profitable. It can be tricky to decide what price to charge. Consider your bar's inventory and staff costs. It's important to keep in mind that you will have to adjust your pricing based on the number of guests at 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. If you live in a quieter, more traditional area, the price of the same drink will be lower. You can also offer more variants on certain items to increase your income.
If you're planning to serve food, then you'll also need to factor in the cost of ingredients. For example, if your restaurant serves pizza, you need to ensure you're charging enough money for the ingredients.
Also consider your staff's salaries when calculating alcohol prices. Bar staff want to be compensated for their hard work. Therefore, if you are charging a higher price, they may want to work harder to get their pay.
FAQ
Is it possible to freeze several batches of cocktails in advance?
Yes! A batch of cocktails can be frozen. You can freeze the cocktails by placing the bottles into an airtight container. Once they are used, store them in the freezer. You can simply thaw your bottles in the refrigerator overnight to enjoy.
Why do people sometimes call a cocktail "a martini"?
In the early 1900s, Americans drank more alcohol and called all drinks containing alcohol "martini" in the early 1900s. The term became synonymous with a type of martini made with dry vermouth, rather than sweet vermouth.
What is the most well-known mixed drink?
Mix drinks that are popular include alcohol and caffeine. They contain stimulants as well as depressants.
Alcohol stimulates the central nerve system, making us feel more energetic. Caffeine increases energy levels, and can help you focus. Because they offer similar benefits, many people mix these two substances.
There are many reasons we drink cocktails. Some drink them to relax, others like them after a long hard day.
No matter your reason, these three delicious cocktail recipes are perfect for you.
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A classic gin martini
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A vodka cranberry
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An Irish coffee
Statistics
- 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)
- with a light percentage of 4.2% or any with a light percentage of 4.2% or any Coors/Bud/Miller Lite, which also is 4.2% (breakingtheboredom.com)
- According to a post on Quora, the average bartender can make upward of 140 drinks per hour. (gloworder.com)
- 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)
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How To
How to make the perfect Margarita home
Mixing agave, Cointreau (sweet orange liquor) and fresh lime juice is the most popular cocktail. To enhance the flavor of the cocktail, you can add salt and sugar to it, as well as bitters, cinnamon sticks, and chocolate syrup.
Here are the steps to making your own.
Ingredients
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1/2 cup of ice cubes
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3 oz Tequila Blanco
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1/4 cup Cointreau
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Juice of 1 Lime
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Salt
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Sugar
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Cinnamon stick
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Chocolate syrup
Method
In a shaker, combine all the ingredients. Give it a shake for 10 seconds and then pour into a glass. Garnish the glass with a slice lemon if you wish.
This recipe can be used as a template to make other types of alcohols such as:
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Whiskey Sour
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Daiquiri
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Manhattan
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White Russian
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Brandy Alexanders
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Gin & Tonics
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Sidecars
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Collins
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Scotch & Soda
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Margaritas