Alcoholic Beverages for Restaurants
Choosing the right alcoholic beverages increases restaurant profitabilityIncreasing overall restaurant profitability from the sale of alcohol depends on the type of alcoholic beverage brands a restaurant decides to serve. Alcoholic beverage distributors and beer distributors sell their products to restaurants at wholesale prices. Once the restaurant owner or general manager decides upon the brands of alcoholic beverages to sell, they begin to figure out pricing. Deciding the prices at which to sell products purchased from local alcoholic beverages companies begins with a bit of research.
Restaurant owners must first assess their local alcoholic beverage market. This assessment need not be a formal production. It can be as simple as looking at gross sales receipts from a busy weekend and noting which types of alcoholic beverages have the highest volume of sales. After that research is complete, the pricing process begins by first determining how many alcoholic drinks you can expect to sell from a single bottle of alcohol:
1. One 750ml bottle of wine pours four six-ounce glasses or five five-ounce glasses. The standard restaurant pour is six ounces.
2. One 750ml bottle of hard liquor pours 25 one-ounce shots for mixed alcoholic beverages.
3. One keg of beer holds 15.5 gallons and serves approximately 160 12-ounce glasses.
Know the latest trends in alcoholic beverage consumption
Consider establishing an alcoholic beverages niche to keep inventory costs downEstablishing a niche has a little bit to do with research and a lot to do with knowing your local market. If you find most people in your local area are beer drinkers, consider stocking a wide variety of beer (domestic, imports, micro brews) and a limited supply of liquors and wine. This not only draws in a diverse beer drinking crowd, but it also keeps costs down because you aren't buying and holding a lot of slow-moving inventory, which eats into profits.
Determine your potential profit from alcoholic beverage salesDiscover your potential profit margins from the sale of beer, wine and liquor to determine which type of alcohol has the potential to make your restaurant the most profit.
- Once you've decided upon which alcoholic beverages to sell at your restaurant, teach your servers how to sell the products effectively by conducting beer, wine and liquor training.
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