Bar tools are a grudge purchase.. Does it make any sense?
Sometimes this is called a “Grudge Purchase".
Funnily enough, there's a similarity between replacing car tires and bar tools.
Both tend to involve gritting one’s teeth.
According to international inventory mavens Sculpture Hospitality and Barmetrix most operators lose upwards of 20% of every shot of alcohol poured.
- Hands on operators seeing wasted liquor pooled on bar counter tops for example or more discretely in monthly inventory discrepancies (variance between POS depletion and physical inventory on hand) seemed to act pretty quick to stop their losses.
- Larger multi-venue operators framed the situation more as a grudge purchase, not seeing a need to invest, despite the huge costs associated with doing nothing.
Maybe it's time to re-consider grudge purchases as operational investments, that have upfront costs yet short term ROI.
We love to hear from you!
Any questions please contact us via email@example.com