When serving alcohol at your restaurant or cafe it's important that you do your maths and ensure that you're pricing your alcoholic drinks correctly. As a general rule you can use the following formula to calculate your drink pricing:
Drink Price ($) = Ingredient Cost ($) ÷ Target Pour Cost (%)
Most venues can make an average gross profit margin of 80% on the alcohol pour cost, however, it is important to consider other factors before you get too excited! In addition to determining what quality of alcohol you're going to serve and where you're going to bulk buy alcohol from - it's also important to account for the labour costs with mixing cocktails, garnish costs, glass breakage, rent, etc.
Do your research, are some Australian liquor suppliers cheaper for beers vs wines or spirits? Check out Sydney wholesale liquor suppliers and Melbourne alcohol wholesalers.
There are other considerations when pricing your alcoholic drinks, such as:
Are you on the hunt for a new wholesale liquor supplier for your Sydney restaurant? With Foodbomb you have quick access to Australian liquor suppliers to bulk buy alcohol. Here are some of the awesome Foodbomb suppliers to check out:
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Tell me moreAt its core, Foodbomb is a marketplace giving you full price transparency across thousands of food products and the freedom to order from hundreds of wholesale suppliers whenever you like. But our team of industry experts can help you go further and take full control of your COGs to grow your business.
If you’re a food business, using Foodbomb doesn’t cost you anything. If you’re a supplier, we take a small cut of your orders in exchange for bringing you business and paying you every week, guaranteed.
Your suppliers might be giving you very good deals on some items and making up the difference somewhere else... We can audit all your wholesale invoices to find the right products and suppliers for your business.