5 Strategies to Manage Food & Beverage Costs for Bar & Restaurant Profitability

The Bar Business Podcast: Smart Hospitality & Marketing Secrets For Bar & Pub Owners

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Are you struggling to keep profits up while dealing with rising costs and ever-changing guest expectations?

With inflation, labor issues, and waste concerns on the rise, strategic cost management is crucial for today’s bar owners who want to maintain quality while staying profitable.

Today we cover 5 strategies you can use to control your costs without impacting guest satisfaction:

1. Learn how to make every ingredient work harder with cross-utilization techniques that save money and reduce waste.
2. Discover the power of right-sized portions.
3. Inventory management to control costs without sacrificing guest satisfaction.
4. Prepare food item in-house to increase quality while decreasing costs.
5. How to effectively and legally batch cocktails.
6. A bonus strategy to drive business on slow nights and increase profits.

Listen now to discover practical cost-saving strategies to boost your bar’s success in today’s competitive market!

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.

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1. Strategies for Controlling Food Costs (00:00:00)

2. Optimizing Food and Drink Costs (00:10:56)

3. Effective Food and Beverage Cost Management (00:21:40)

4. Navigating Regional Tipping Norms (00:31:28)

5. Understanding Local Tipping Norms (00:35:56)