Bar business tools and resources for bar owners, including bar promotions, bar marketing ideas and strategies, bar operations knowledge, bar employee and operations forms, bar training manuals, and bar spreadsheets to help bar owners run a more profitable bar businessBar business tools and resources for bar owners, including bar promotions, bar marketing ideas and strategies, bar operations knowledge, bar employee and operations forms, bar training manuals, and bar spreadsheets to help bar owners run a more profitable bar business
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  • Bar Business Home | Bar Financial Issues
     
    Bar Financial Issues
    Bar Financial Issues

    Your bar is more than just a bar - it is a business. Many bar owners are very proficient at running the operational end of their bars, but need help in running a successful business.

    One of the most common mistakes independent bar owners make is neglecting to run their bar as a business.

    You already do a lot to keep your bar running every day - managing your employees, employee training, handling marketing and advertising, creating and implementing promotions, building relationships with your customers, controlling your pour and overhead costs, and looking for ways to prevent employee theft.

    But are you also doing what an owner should be doing - creating your marketing plan, managing your P&L, staying on top of your cash flow, and interpreting your financial numbers? If you don't handle the business end of your bar, who will?

    This section will help you become better organized and develop a better understand of the financial part of operating your bar so that you can run a more profitable and successful business.


    Bar Manager Cash Drop Record
    Bar Manager Cash Drop Record If you don't keep track of cash movements, the likelihood that you will lose cash grows higher and higher. Cash drops are part of the daily business at your bar and they should be recorded and tracked. Use the Manager Cash Drop Record to keep an accurate history of how much cash is in the drop, who does it and when its done . . . more>>
    Bar Revenue Management: Proven Ways to Increase Your Sales 3% to 5%
    Bar Revenue Management: Proven Ways to Increase Your Sales 3% to 5% Most bars do not operate at peak efficiency during their busiest times. This results in additional sales and profits being lost each day due to the failure to follow a few key revenue management strategies. Learn several specific revenue enhancing steps successful bars are using to increase sales from 3% to 5% and that cost almost nothing to roll out . . . more>>
    BAR CALCULATOR: RevPASH Calculator
    Use the RevPASH calculator to look at different revenue scenarios. You'll quickly see how to increase your sales 3% to 5% and why you make more money during your busiest times by turning seats quicker and handling more customers than by working to increase the average check size per guest . . . more>>
    Bar Costs Formulas Cheat Sheet
    Bar Costs Formulas Cheat Sheet Running your bar or restaurant requires that you use lots of basic formulas to calculate items like profit, return on investment, working capital, and many others. Use the Bar Costs Formulas Cheat Sheet as a quick guide for calculating these essential figures for your bar . . . more>>
    BAR DOWNLOAD: Payroll Adjustment Form
    BAR DOWNLOAD: Payroll Adjustment Form Often employees will have a change in their personal information such as new contact information, an increase in pay rate, etc. To keep your records organized, you need a written record of any changes. Use the Payroll Adjustment Form to update payroll records for employees who have recently changed their personal information . . . more>>
    How Your Bar Should Respond When Your Competition Engages in Heavy Discounting
    How Your Bar Should Respond When Your Competition Engages in Heavy Discounting If it hasn't happened to your bar yet, it surely will in time. Do you know the best way to respond to a competitor who decides to offer drastic discounts? Should you match discounts? Do nothing? Learn the most effective ways successful bars use to respond to a competitor who decides to engage in drastic discounting . . . more>>
    BAR HOURLY LABOR COST ANALYSIS SPREADSHEET
    BAR HOURLY LABOR COST ANALYSIS SPREADSHEET Labor costs are one of the largest expenses for your bar. Know exactly how many hours are being clocked each week and how much your labor costs are. Use the Bar Hourly Labor Cost Analysis Spreadsheet to determine hours per employee per day and the costs as well as the total costs versus budgeted costs for your bar . . . more>>
    Bar Weekly Cash Spreadsheet
    Bar Weekly Cash Spreadsheet Controlling cash at your bar is vital in running a successful bar business. You must always keep track of when and how cash is flowing in and out of your bar. Use the Weekly Cash Spreadsheet to track all the cash coming in and going out of your bar . . . more>>
    BAR DOWNLOAD: Liquor Profit Worksheet
    Knowing the gross profit and cost percentage of your products will make it easy to decide which items to push on your menu, what products can be discounted as specials and how much of a discount your bar can afford. Use the Liquor Profit Worksheet to help you find the most profitable items in your liquor inventory . . . more>>
    BAR DOWNLOAD: Wine Profit Worksheet
    BAR DOWNLOAD: Wine Profit Worksheet Knowing the gross profit and cost percentage of your products will make it easy to decide which items to push on your menu, what products can be discounted as specials and how much of a discount your bar can afford. Use the Wine Profit Worksheet to help you find the most profitable items in your wine inventory . . . more>>
    BAR DOWNLOAD: Bar Purchases Journal
    BAR DOWNLOAD: Bar Purchases Journal Keeping track of every purchase you make in your bar is an absolute necessity. Miss any expenses and you will not be able to accurately determine your costs or know where you money is going. Use the Bar Purchase Journal to track all your expenses, including beverage, food, supplies, entertainment, and advertising expenses . . . more>>
    KEY NUMBERS: Understanding Your Bar's Income Statement
    KEY NUMBERS: Understanding Your Bar's Income Statement Reading an income statement can be like trying to understand a foreign language if you don't know what you're looking at. Learn how to make sense of your bar's monthly income statement and find solutions for trouble spots . . . more>>
    BAR PROFIT TIP: How To Avoid Making The Same Money Losing Mistakes That Most Bars Make
    BAR PROFIT TIP: How To Avoid Making The Same Money Losing Mistakes That Most Bars Make In the bar business, money losses are not always obvious because there are many places for money to be lost. A successful bar with a large operation could be losing money for months before becoming aware of it. Learn what the top money losing mistakes for bars are and how to avoid repeating them in your bar . . . more>>
    How to Recognize The Liability Dangers That Threaten Your Bar
    How to Recognize The Liability Dangers That Threaten Your Bar Running a bar is a high liability business. If you don't know where your business is exposed, you stand a good chance of putting your bar at risk. Learn how to operate your bar with responsible practices to minimize your liability and make your bar safer for your customers . . . more>>
    SMART BAR OWNER'S SECRET: Customer Lifetime Value
    SMART BAR OWNER'S SECRET: Customer Lifetime Value Do you know how much value each customer represent to your business? Do you know how many times your average customer will buy from your bar over several years? Learn how successful bar owners use customer lifetime value to make smart advertising, marketing, and customer retention decisions . . . more>>
    Understanding Your Finances: How to Make Money Management Easier For Your Bar
    Understanding Your Finances: How to Make Money Management Easier For Your Bar Does managing your bar's finances seem like a huge chore? Does it take more of your time than you would like? Learn ways to make money management easier at your bar by making some simple changes to the way you deal with your bar's finances . . . more>>
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