Scams Behind the Bar
What! Bartenders steal? Yes, it’s a fact of life. And to be really honest with you, I don’t know a single bartender who has not either knowingly or un-knowingly stolen. Which leads me to common [...]
The Math Behind Your Restaurant Profits – Part 3
By David Scott Peters Restaurant Tip of the Week Formulas give consistency to pricing Many of the financial relationships necessary to develop an effective pricing structure only can be derived [...]
Set Prices to Avoid Mistakes – Part 5
By David Scott Peters Restaurant Tip of the Week Happy hour pricing Restaurants that offer happy hour specials usually lower the sales price of well liquor and/or domestic draft beer. The sale [...]
Set prices to avoid mistakes – Part 4
By David Scott Peters Restaurant Tip of the Week Pricing doubles A double made with twice as much product as a regularly prepared highball is extremely potent, costly and steeped in liability. It [...]
Set Prices to Avoid Mistakes – Part 3
By David Scott Peters Restaurant Tip of the Week List the sale prices for each product in the operation’s liquor inventory with a corresponding portion. For example, the listed sale price for an [...]
Set Prices to Avoid Mistakes – Part 2
By David Scott Peters Restaurant Tip of the Week Keep drink prices based only on quarters. Prices ending in 25 cents, 50 cents or 75 cents are easier for bartenders and servers to add mentally. [...]
Set prices to avoid mistakes – Part 1
By David Scott Peters Restaurant Tip of the Week Establish major price categories to reduce errors Group products together based on their wholesale costs. Use a standard increment such as a [...]
10 Tips for Small Bar Owners
Small bar owners, especially small bars that are part of a restaurant, can have a great profit margin. It’s not an understatement when I say that the liquor sitting on your shelves and in your [...]
Making Your Restaurant Bar Pricing Server Friendly
By David Scott Peters When developing the price lists for your bar, your goal is to establish a set of prices that will yield the highest potential profit margins and cause the products to sell [...]
Avoid This Bartender Scam – No. 2
By David Scott Peters Restaurant Tip of the Week The Floating Beverage The floating beverage is a classic bartender scam. To do it, a bartender rings up a normal order, such as a beer and an [...]
