Liquor cost is a bedrock metric for identifying expected profits in your restaurant. Knowing your numbers and achieving the right liquor cost can help you increase earnings by returning higher profits on alcohol sales. That’s why it’s important to know the industry benchmarks for liquor costs in restaurants. What should liquor cost be in a restaurant? It depends on a few variables. But we’ll cover what the standard liquor costs are so you can compare your numbers to the restaurant industry as a whole. This will let you find a healthy intersection of cost and sales to help your restaurant maintain success. Read more
Bar inventory can sometimes feel like the boogeyman waiting at the end of the month. Its dreaded by almost every bartender, manager, and restaurant professional tasked with it. But Uncorkd is here to help make liquor inventory manageable. Read more
Taking bar inventory can be time consuming and frustrating. It’s a lot of work to count hundreds of bottles, move boxes, punch numbers into spreadsheets and then analyze the data to make the work worth it. It’s important to have a consistent method for performing bar and liquor inventory that you can rely on to be quick, efficient, and add value to your business. Read more
Margins in the restaurant industry are thinner than the blade of sushi knife. Every day you read about restaurants that are closing. Here in Chicago, even restaurants that boast Michelin stars, great customer reviews, and a celebrity chef, are closing their doors. So how can restaurant operators make sure their restaurants find the type of success that means longevity and serving diners for years on end? One smart way is to find the right technology services that help grow profits and repair the holes in your bottom line. Read more
Doing regular inventory of your bar is critical to running a successful beverage operation. Whether you record counts into Excel spreadsheets or use a mobile app, having frequent, accurate inventory is important. In this post I’ll compare the various tools that bars and restaurants use to perform inventory, from the old pencil and paper method to Excel to the range of mobile and cloud-based solutions out there. Read more
Liquor inventory is a necessary evil. But doing bar inventory doesn’t have to be the boogeyman you dread at the end of every month. One way to make inventory more manageable is to set goals to achieve when performing your liquor counts. Setting goals and tracking your progress will keep you motivated. Using inventory as a tool to lower your alcohol cost is the ultimate goal because it will make your bar more profitable.
Inventory takes time, so don’t let it be wasted time. Here are 5 goals that make liquor inventory worth your time. Read more
I’m excited to announce the release of our new inventory management functionality, available for free to all Uncorkd customers. The new beverage inventory system streamlines menu management and inventory all in one place. Restaurants can now make quick changes to their menu while also adjusting inventory, seeing real-time quantities on hand and generate detailed inventory, sales, and purchasing reports to better operate their business. Read more
No matter what industry you’re in, there are very few tasks more undesirable than inventory. It’s a dull, tiresome process that takes up your valuable time. The good news is, it can be made easier. By taking inventory, you are enforcing a strong backbone for your restaurant or bar’s financial health. While reading the tips below, it is important to note that no inventory process is permanent. The market evolves and changes, and your inventory process should too. Find the system that works best for your company and continue to modify as needed.
Taking beverage inventory stinks. No one except a certain Sesame Street muppet enjoys the act of counting things. Unless you’re counting your money and you’ve got loads of it. But it’s necessary for a well-run bar or restaurant to do it. But so many restaurants aren’t properly taking inventory. However, there are ways to make inventory work better. Let’s look at some practices that will make inventory easier in the long run and give your bar or restaurant a big advantage over other bars and restaurants that are clueless about their counts. These tips can make your beverage program more profitable.