These other influences can affect your pricing
Posted: Tue Jan 07, 2025 3:42 am
Gastro beverage calculation: precise calculation or rough estimate?
Once you have gathered all the essential figures, you can start to calculate your drink prices. To do this, add up the individual costs you previously determined, add your desired profit to the total and you have thus determined your selling price to guests.
If this method is too hong kong phone data complicated for you, there is a simplified - but much less accurate - method of calculation: the so-called "purchase price x 4" formula . This requires you to multiply the purchase price of your drinks by a factor of 4 and in this way find out the selling price. Note, however, that this is only a rough estimate.
When calculating your drinks prices, you should definitely take additional aspects into account that have less to do with the notorious "hard numbers" and more to do with quantities that you cannot calculate mathematically in advance. For example, the current situation on the market determines how high supply and demand are - and therefore how high your markup for drinks in the catering industry can be.
The quality of your drinks and the time of day you serve them also play an important role. While restaurant or bar visitors tend to have more money to spend on social evenings, your profit margin may be lower during breakfast or lunch.
Depending on the general economic situation of your guests, their willingness to pay will increase or decrease. So if a likely increase in the cost of living is being discussed, it makes sense to include this when calculating your drink prices.
Should drinks be included in a buffet ? In our article on buffet calculations , we show you the different options for pricing drinks at buffets and what you should pay attention to.
Digital solution concepts with profit-increasing potential
The catering calculation of drinks is a significant but essential time and work factor . DISH's catering solutions also support you with other, equally central processes in your restaurant, bar or catering company. Would you like to replace your previously complicated reservation system with an innovative and completely commission-free one ? Then choose a catering website with DISH Starter or the DISH Professional Reservation reservation system. Your guests benefit from practical reservation functions on your website, the creation of which is also part of the DISH solutions.
Once you have gathered all the essential figures, you can start to calculate your drink prices. To do this, add up the individual costs you previously determined, add your desired profit to the total and you have thus determined your selling price to guests.
If this method is too hong kong phone data complicated for you, there is a simplified - but much less accurate - method of calculation: the so-called "purchase price x 4" formula . This requires you to multiply the purchase price of your drinks by a factor of 4 and in this way find out the selling price. Note, however, that this is only a rough estimate.
When calculating your drinks prices, you should definitely take additional aspects into account that have less to do with the notorious "hard numbers" and more to do with quantities that you cannot calculate mathematically in advance. For example, the current situation on the market determines how high supply and demand are - and therefore how high your markup for drinks in the catering industry can be.
The quality of your drinks and the time of day you serve them also play an important role. While restaurant or bar visitors tend to have more money to spend on social evenings, your profit margin may be lower during breakfast or lunch.
Depending on the general economic situation of your guests, their willingness to pay will increase or decrease. So if a likely increase in the cost of living is being discussed, it makes sense to include this when calculating your drink prices.
Should drinks be included in a buffet ? In our article on buffet calculations , we show you the different options for pricing drinks at buffets and what you should pay attention to.
Digital solution concepts with profit-increasing potential
The catering calculation of drinks is a significant but essential time and work factor . DISH's catering solutions also support you with other, equally central processes in your restaurant, bar or catering company. Would you like to replace your previously complicated reservation system with an innovative and completely commission-free one ? Then choose a catering website with DISH Starter or the DISH Professional Reservation reservation system. Your guests benefit from practical reservation functions on your website, the creation of which is also part of the DISH solutions.