i'm no bar owner but i hang around bars too much 
it kinda depends on the type of beer and alcohol
from what i understand the cheap shit is the most profitable stuff
like you charge 3.50 a shot for well whiskey that costs you like 10 bucks a bottle vs. 5 bucks a shot for top shelf that costs you 40 a bottle or something like that
it kinda depends on the type of beer and alcohol
from what i understand the cheap shit is the most profitable stuff
like you charge 3.50 a shot for well whiskey that costs you like 10 bucks a bottle vs. 5 bucks a shot for top shelf that costs you 40 a bottle or something like that
Domestic beers are by law the same price wholesale for every customer and they run in the .75 each range. A well drink in a bar has about .27 in it when sold to the customer. Once you get a liquor license, simply call the Bud, Miller, etc. distributor in your area and they will sell to you. Cash and carry only. No credit on alcohol. Some details may vary by state.
Anything that is a Luxury or a treat such as Beer,Pop,Chips,Candy,Cookies,pet food or another words "junk" that is unnessary for survival & low in nutrition are high profit items...I don't know what the percentage is but I was involved in the Grocery business for 9 years & my Grandfather was in that business all his life & my other Grandfather owned a bar...Shots & mixed drinks make more money than beer but that is high profit also... My pet peeve is bottled water..I think anybody that buys bottled water is an idiot..... Fountain Pop probably makes twice as much as bottled pop... I don't buy bevarage when I go to the fast food places because Im not paying $1.19 for something they might have 12 cents into... Fuk em.
50% profit by retail stores on liquor and beer? Man, everyone should jump into that business.
The markup ranges from 10% to 25%, with 25% being on wine, that's it.
Maybe convenience stores get a premium, but they don't get the volume. Considering beer has the smallest markup and the largest volume, the overall markup is probably around 16%.
I haven't had a liquor store as a client for over 10 years now, but I'm sure I'm still in the ballpark.
Willie's recollection is solid.
General retailers like grocers, liquor stores and convenience stores can't charge prices that will give them a 50% profit or they will be run out of business by competitors willing to sell for less.
The floor for most retail operators is between 15-20% depending on how wide their other product line is. (wider product line can allow them to go a bit lower in prices)
General retailers like grocers, liquor stores and convenience stores can't charge prices that will give them a 50% profit or they will be run out of business by competitors willing to sell for less.
The floor for most retail operators is between 15-20% depending on how wide their other product line is. (wider product line can allow them to go a bit lower in prices)
Check with your state liquor control board. Prices are often the same on a bottle for a bar owner as they are for an individual and the bar has to pay for a tax stamp.
The price you charge depends on what kinda joint you have and the crowd you are after.
The bar business aint what it was 30 years ago. Too many laws too much enforcement and too little disposable income in the average workers pocket.
The price you charge depends on what kinda joint you have and the crowd you are after.
The bar business aint what it was 30 years ago. Too many laws too much enforcement and too little disposable income in the average workers pocket.
The Convenience stores can charge more because thats what you are paying for "convenience"... Chips,pretzels,donuts & shit like that are really high profit like 50% ... Most people don't know that K-mart & most retail giants on their regular prices the markup is 50% I mean on shoes clothes ect.ect ect..... Some call me cheap but if it ain't on sale I don't buy it...Once again anybody that buys bottled water unless absolutely nesessary is a damn idiot.
Road - Funny story about sales. A clothing retailer had hundreds of pairs of mittens leftover in the Spring so he put them out in a large bin with this sign. Closeouts $5.00. Well, they moved ever so slowly until he came up with an idea. These were inexpensive knit mittens that had sold for $9.95 in the first place. In order to get rid of them and make room for the next season's items he put a sign on them that read "after winter sale $12.95 each" and sold out on Saturday.
Yeah that does work sometimes..LOL...All kinds of tricks...When I was a night stock clerk I would build sidestacks of heavy item overstock at the end of the aisle & put a big bright lime flouresent green sign on the sidestack of say like Campbells pork & beans...43 cents!!!!....That was regular price but a lot of people would think that was sale price & just grab it on their way around the corner thinking they were getting a deal & Id sometimes sell the hell out of it & get rid of it.
