Bar Management|Guide to Bar Management

Calculating Variance

Product variance, otherwise known as loss or shrinkage, is one of the biggest detractors from a beverage program’s profitability. It represents the difference between the amount of product sold over a given period of time, and the amount of product used over that same period. In an ideal world, these numbers would line up perfectly, Read the full article…

Bar Management|Guide to Bar Management

How to Price Drinks to Achieve Successful Pour Costs

Fact #1: Knowing how to calculate and interpret pour costs is critical to your bar’s business. Fact #2: Achieving a successful pour cost is almost impossible without pricing your drinks appropriately. With hundreds of drink offerings across your wine, spirit, and beer program, and ever-changing product listings and customer preferences, pricing drinks can pose a significant Read the full article…

Bar Management|Guide to Bar Management

Setting Pars

We recently covered how efficient inventory management starts with a simple, yet critical calculation: an inventory usage report. You can get this report instantly in BevSpot, or manually with a spreadsheet like the one we’ve made. Now that we know how to calculate usage, let’s dig into what you can do with your usage report. One useful Read the full article…

Bar Management|Guide to Bar Management

Calculating Inventory Usage

Successful bar managers will tell you that efficient inventory management is the key to maintaining a profitable bar. To do this, you must understand inventory usage, or how much product a business has used over a time period. If your bar management software or inventory spreadsheets are set up correctly—we’ve got a template for you if they’re not—you should be able to Read the full article…