Uncork the potential of wine in your bar business! No matter the establishment - a neighborhood pub or a high-end lounge - wine can draw in a wide array of customers and open up an additional revenue stream. In this episode, we go into the nitty-gritty of incorporating wine into your bar - the do's, the don'ts, and everything in between. From offering a variety of wines to meet diverse customer preferences to how to pick house wines, we cover it all.
Venture with us as we break down how a progressive wine list can be your secret weapon in this competitive industry. Further, we explore how to strike the perfect equilibrium between offering value and well-known wines to meet customer expectations. We conclude the episode with an engaging discussion on maximizing profit margins with wine sales, revealing the rule of thumb for glass pricing and its impact on cost percentage versus contribution margin. Tune in to discover how your bar can make the best wines more affordable and how striking deals on wine can act as a powerful customer magnet.
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