Bar Pricing Strategy: Using Competition & Overhead to Maximize Profits
When the numbers tell you that a domestic beer costs you $0.75 and your competitor down the street charges $4.00,…
When the numbers tell you that a domestic beer costs you $0.75 and your competitor down the street charges $4.00,…
For many bar owners, one of the most difficult tasks is determining what price to charge for cocktails. This guide will walk you through a methodology that you can use to maximize your bar profits through your pricing, ensuring that you can hit the margins you need. Without a repeatable, standardized approach to pricing, you are only guessing, which means leaving money on the table.
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