Calculating Real Costs for Bar Owners: Price Beer & Burgers for Profit

This week we are diving into a deceivingly simple question: What does a beer and a burger actually cost, and based on costs, what do you need to charge. In breaking down all of the components of determining cost, based on equipment, yields, and so on, the true complexity of costing is revealed. Hopefully, this discussion helps you consider all of the factors in costing everything you sell, and the need to make sure that you have specific and accurate data to determine real costs and not just make a guesstimate. 

Learn More:
Schedule a Strategy Session
Bar Business Nation Facebook Group
The Bar Business Podcast Website
Chris' Book 'How to Make Top-Shelf Profits in the Bar Business'

Thank you to our show sponsors, SpotOn and Starfish. SpotOn's modern, cloud-based POS system allows bars to increase team productivity and provides the reporting you need to make smart financial decisions. 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.
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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.