Running a bar is no easy feat; it requires many different skills, from business acumen to customer service. Along with a beautiful yet demanding profession, many Italians are also experiencing financial hardship. Now more than ever, a few tips for increasing the profitability of our business and bar are helpful. Here are our suggestions:
KNOWING HOW TO SHOPPING TO INCREASE A BAR'S PROFITABILITY
Keep costs down by choosing a menu and inventing varied recipes based on a limited selection of ingredients
MANAGE SUPPLIERS
Building a relationship of trust with your suppliers to increase your negotiating power is a simple and effective way to increase the profitability of a bar.
MEASURE QUANTITIES
Slightly reduce the portion sizes while keeping the same selling price. Just be careful not to overdo it!
PRESENT THE NEWS
Introduce new additions to your menu and add a sophisticated touch. Customers will be willing to pay a higher price for an original dish.
CREATE WITH IMAGINATION
Surprise your customers with new offerings: aperitifs, brunches, hot meals, desserts, and ice creams to round out a quick lunch or enhance a classic breakfast.
For example, why not include the new Techfood Space Bun and an innovative frozen offering like Ice N Roll on the menu?
Here are our tips for increasing the profitability of a bar or venue. What do you think? What are your strategies for increasing earnings?