Have you looked at your beverage menu lately? Why not take a look and see how many of your drinks are priced the same. Are any of them? Keep in mind that despite the continuity in price, your beverage menu includes a mix of products with different markups, different margins and therefore different beverage cost percentages. Much like your food costs, you need to be on top of all your beverage costs that you have listed on your menu - be it for a glass of water or a bottle of the finest champagne.
In this lesson, you’ll learn what beverage cost is, how to calculate it and tips for how to manage beverage cost during service.
This course is perfect for any hospitality business owner looking to take control of their finances.
Nicolas Simon is the co-founder and CEO of Wilcuma, a full-service hospitality company offering services to help anyone looking at opening a business succeed from day one.