))
From House to High-End: The Profit-Driving Power of Wine in Bars
Manage episode 378782813 series 3445410
Kandungan disediakan oleh Chris Schneider, The Bar Business Coach, Chris Schneider, and The Bar Business Coach. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh Chris Schneider, The Bar Business Coach, Chris Schneider, and The Bar Business Coach atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.
Uncork the potential of wine in your bar business! No matter the establishment - a neighborhood pub or a high-end lounge - wine can draw in a wide array of customers and open up an additional revenue stream. In this episode, we go into the nitty-gritty of incorporating wine into your bar - the do's, the don'ts, and everything in between. From offering a variety of wines to meet diverse customer preferences to how to pick house wines, we cover it all.
Venture with us as we break down how a progressive wine list can be your secret weapon in this competitive industry. Further, we explore how to strike the perfect equilibrium between offering value and well-known wines to meet customer expectations. We conclude the episode with an engaging discussion on maximizing profit margins with wine sales, revealing the rule of thumb for glass pricing and its impact on cost percentage versus contribution margin. Tune in to discover how your bar can make the best wines more affordable and how striking deals on wine can act as a powerful customer magnet.
Thank you to our show sponsor, SpotOn. SpotOn's modern, cloud-based POS system allows bars to increase team productivity and provides the reporting you need to make smart financial decisions.
**We are a SpotOn affiliate and earn commissions from the link above.
Thank you to our benchmarking data partner Starfish. Starfish works with your bookkeeping software using AI to help you make data-driven decisions and maximize your profits while giving you benchmarking data to understand how you compare to the industry at large.
Learn More:
The Bar Business Podcast Website
Schedule a Strategy Session
Chris' Book 'How to Make Top-Shelf Profits in the Bar Business'
Bar Business Nation Facebook Group
A podcast for bar, pub, tavern, nightclub, and restaurant owners, managers, and hospitality professionals, covering essential topics like bar inventory, marketing strategies, restaurant financials, and hospitality profits to help increase bar profits and overall success in the hospitality industry.
Bab
1. Include Wine in Your Bar (00:00:00)
2. Designing a Progressive Wine List (00:10:42)
3. Maximizing Profit Margin With Wine Sales (00:21:33)
78 episod
Kongsi
