Lcbu Meaning

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Zita Lifland

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Aug 3, 2024, 4:12:43 PM8/3/24

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Lowering liquor cost, then, is one of the most effective ways to increase bar profits. You've already spent so much in learning and implementing how to get a liquor license, you owe it to yourself to boost profits whenever you can.

Answering that allows bar managers to tweak their wholesale purchases (see: what is wholesale), recipes, and pricing strategies (including psychological pricing) for maximum profit. It's a vital part of restaurant accounting and can have a major impact on your bottom line.

How to calculate liquor pour cost, versus bar-wide pour cost, follows the same steps. Instead of determining inventory usage and total sales for the entire bar, just calculate it for a specific drink.

The pour cost formula is the same regardless of the type of beverage. That means a good pour cost calculator app can be your everything. Your beer pour cost calculator, your liquor pour cost calculator, and your wine pour cost calculator.

BinWise Pro is industry-leading bar inventory software system that helps bars and restaurants across the country do just that. It even helps lower overhead expenses by cutting your inventory hours up to 85%. It can also help you avoid the 86 meaning in keeping up to date with your inventory.

There are a lot of reasons for high pour cost. Over-pouring, frequent spillage, unrecorded comps, and even theft play a role. At the same time, suspiciously low pour costs can also be symptomatic of a larger problem.

Mistakes in the bar inventory process, having inaccurate sales figures, or miscalculating pars and variance can all contribute to that. And screwy pour cost numbers means your purchasing, menu engineering, pricing, and restaurant marketing strategies are screwy, too.