The profit margins of a bar are usually quite close to the industry averages, ranging from 10 to 15% of net profit margin. To maximize profits, it is essential to craft cost-effective cocktails. A combination of alcohol with fresh juice and sugar is a great place to start. Using household liquors can help reduce costs, while still providing a delicious drink.
Sweet components such as fresh juice should be balanced with frequent replacements to ensure top quality for guests. A great example of a cocktail that can be made with inexpensive ingredients is the Whiskey Sour. This makes it a popular choice for bars looking to maximize profits. To further reduce costs, proper storage of freshly squeezed juice can extend its shelf life and use. However, it's important to balance this situation by replacing freshly squeezed juice frequently to ensure a top quality drink for your guests. In conclusion, bars can maximize their profits by carefully selecting their ingredients and drinks.
Crafting cost-effective cocktails with household liquors and fresh juice can help reduce costs while still providing delicious drinks. Replacing fresh juice frequently will ensure top quality for guests, while proper storage can extend its shelf life and use.