The majority of your revenue is generated from sales of drinks, no matter whether you run a bar or a restaurant. 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. These two methods require that you create a list with drink items and decide the price per drink.
Cost-plus pricing involves taking the pour cost of each drink and adding a standard markup percentage. This method allows you to calculate the price of each drink. Although it is relatively simple to implement, it has 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.
In general, it is best to take the average price per person or hour of beer or wine in your area. Next, multiply this average by the number of guests that you expect to be at your bar. This gives you an idea of the average number of drinks you will be having per hour. For example, two drinks per hour are typical in most areas. One drink is consumed after the hour.
In most areas, beer costs $4. Draught beer is more expensive than bottled beer. Draught beer however has higher overhead costs, and therefore requires kegs. Also, bottled beer makes it easier to store than traditional draught beers.
The average cost of liquor is around $10 in most areas. This means you will spend 90% less on a drink when you go to your bar. This is due to the fact that most bars serve only one or two ounces each of alcohol. A one-liter liquor bottle can make thirty to twenty drinks. The largest cost of liquor is the bar cost for goods.
You must make your event profitable by setting a bar price. However, it can be difficult to determine how much to charge. You'll need to factor in your inventory, staff costs, and other costs associated with operating a bar. It is important to remember that your pricing will change based on the number and type of guests.
Remember that pricing will also depend on the identity of the venue. For instance, cocktails in trendy areas may have a higher price. However, if you're in a more traditional, low-key neighborhood, you can offer the same drink for less. You can also offer more variants on certain items to increase your income.
The cost of ingredients is an important consideration if you intend to make food. If you are serving pizza, for example, you will need to ensure that you charge enough for the ingredients.
Also, your staff's salary will affect the alcohol prices. Most bar staff would like to be paid for their hardwork. Bar staff will work harder if the price is higher.
FAQ
What are we supposed to say when someone orders "dirty" martinis?
A dirty martini can be a martini topped with extra olives.
How long does it take you to make frozen cocktails from scratch?
It depends on how many cocktails you're making. For example, if you're making 12 cocktails, it will take approximately 20 minutes. It will take 40 mins to make 24 cocktails.
Do you require special equipment for making cocktails?
Not at all. You only require a few items.
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Glasses
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Strainer
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Lid
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Cocktail shaker
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Cutting board
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Knife
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Scoops and measuring cups
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Jigger
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Tongue depressors
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Stirring sticks
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Lemon wedge
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Sugar cube
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Salt
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Pepper
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Ice cubes
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Ice Crusher
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Water
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Alcohol
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Wine
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Beer
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Soda water
How can I learn to make cocktails?
There's no single answer. You'll have to experiment until you find something that works for you.
But there are some things you should keep in mind when learning how to make cocktails:
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Citrus juice, orange juice and lemon juice are all common ingredients in many recipes. These ingredients are not always interchangeable.
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Different recipes may require different types of glassware. Check out which glasses go with the type of beverage you prefer before buying anything.
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Mixing cocktails is easier if you add ice first. Then, pour the liquid onto the ice.
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Always shake well Shaking will aerate the mixture and give you a more flavorful drink.
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Don't forget about garnishes! Garnishes are a great way to bring everything together.
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Fresh herbs are best. Fresh herbs are more delicious than dried.
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Try different flavors. You can add different fruits, spices, or herbs to your favorite drinks.
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You can experiment with different types of alcohol. There are many kinds of spirits. Each has its own unique flavor profile.
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Mixing drinks can be fun. Follow these simple rules and you will soon be creating delicious cocktails.
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Never be afraid to ask questions. Most restaurants and bars are willing to share their knowledge.
Which 10 mix drinks are most popular?
These are the top ten most-popular mixed drinks:
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Cosmopolitan (2 oz vodka + 1/4 oz cranberry juice + 2 oz club soda)
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Margarita (3 oz tequila + 3 oz lime juice + 1 tsp sugar)
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Mojito (2 oz light rum + 4 oz fresh mint leaves + 1/2 cup crushed ice)
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White Russian (2 oz vodka + 2 oz heavy cream + 1 tbsp Kahlua coffee liqueur)
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Screwdriver (2 oz vodka + 6 oz orange juice + 1/2 tsp grenadine syrup)
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Daiquiri (1 oz white rum + 1/2 oz maraschino cherry juice + 1/2 oz lime juice + 1/8 tsp simple syrup)
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Pina Colada (2 oz coconut rum + 1/2 cup pineapple juice + 1/2 cup unsweetened coconut flakes)
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Hurricane (1 oz dark rum + 1/2 ounce amaretto + 1/2 oz pineapple juice + 1/4 oz lime juice + 1 oz ginger ale)
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Moscow Mule (2 oz vodka + 5 oz ginger beer + 1/4 oz simple syrup)
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Long Island Ice Tea (2 oz gin + 7 oz sweet & sour mix)
Statistics
- You can simply follow the rule of thumb: $1/beer or wine, $2/ cocktail, and 10-20% for large tabs. (alembicbar.com)
- According to a post on Quora, the average bartender can make upward of 140 drinks per hour. (gloworder.com)
- It is customary to leave a tip of 10-20% of the bill total. (boguesounddistillery.com)
- The tequila should be 100 percent agave, not the cheaper “mixto” products, which blend a minimum of 51 percent agave with other sugars. (cooking.nytimes.com)
External Links
How To
How to make the perfect Margarita home
The most common cocktail is made from tequila (which comes from agave), Cointreau (a sweet orange liqueur), and fresh lime juice. To enhance the flavor you can add salt or sugar, bitters (or cinnamon sticks), and chocolate syrup.
This is how you can make your own.
Ingredients
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1/2 cup 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
Combine all ingredients in a shaker. Add ice. After shaking vigorously for 10 second, pour the contents into a shaker. Add a slice of lime to garnish, if desired.
You can also use this recipe as a template for 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