Nov 27 2024 30 mins
Are your bar’s pricing strategies boosting profits—or leaving money on the table?
Setting the right price isn’t just about covering costs; it’s about mastering the balance between guest counts, menu appeal, and profitability. Discover how small pricing adjustments can have a big impact on your bar's bottom line.
- Understand the interplay of fixed, variable, and semi-variable costs to optimize pricing decisions.
- Learn menu engineering tactics to align prices with contribution margins and guest preferences.
- Explore strategies to generate higher revenue from fewer guests while maintaining customer satisfaction.
Don’t guess your way through pricing—listen now and unlock the secrets to sustainable profitability!
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
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.
**We are a SpotOn affiliate and earn commissions from the link above.
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.