average cost per drink?

[markchr]

Can someone either verify or tell me if I'm crazy?

If an average .75 liter well drink bottle averages $7.49 in my state, and one can pour 20.32 of 1.25 ounces per bottle, I see that equating to about $0.37 cents per drink, plus maybe 13 cents max for a mixer. Does 50 cents cost for an average well drink sound right?

[The Prof]

Ahh, the fun of figuring out cost. What i have seen as the most important factor is this: 1. Perfect world pours never happen. 2. Spillage always happens. Cost is important if you are going to base bonuses and Retail Price on the cost %. If you are a neighberhood bar and want to compete, you will probably think that basing your pricing based on the competion is the way to go. As a general rule, I usually put my spirit cost at a figure that is based on either 1 1/2 oz. or 1 3/4 oz even though I pour 1.25 oz. This, I think gives you a closer determination of cost. Also Remember that Martinis, Bomber shots and Beers generally run a higher cost then say just a 'rum and coke'. The best way to truly get the exact cost is to implement a Inventory and Purchasing Tracking Sheet(excel or package bought) and use a plu's to ring up each individual Spirit or beer or wine. You will need to establish a Starting inventory and value of that inventory.

After all of this, and extremely detailed tracking you will still see your costs vary. I would suggest that you try to run an average cost on spirits 15% to 25%. Beer @ 30% - 35% and wine will average about 40%. These are cost percentages. Overall blend should be around 30%. These are just suggested Cost%, every bar and rest. have different operating exspenses to deal with and those need consideration too.


For what its worth,

The Prof

[markchr]

Those are exactly the types of 'rules of thumb' from an experienced person that I was looking for. Thanks Prof!

[BASEMENT2008]

What about orange, juice, roses lime, grenadine, tonic, soda, garnishes and other ingredients how do you factor that cost in the price drink? :confused:

[Estefon]

The same way you factored in the price for the liquor.