00:00:01,633 this is Jamie with bar I in this result showcase video
00:00:04,800 we're comparing two clients
00:00:06,666 who have very similar sales volume
00:00:09,233 very similar
00:00:10,500 costs in terms of what they buy product for
00:00:12,633 and similar prices
00:00:14,000 in terms of what they sell product for
00:00:16,000 so you would expect them to have similar liquor costs
00:00:18,666 but in fact one bar's liquor cost is 21%
00:00:22,000 and the other bar's liquor cost is 16%
00:00:24,266 so almost 5 percentage points lower
00:00:27,566 so they're making a lot more money
00:00:29,000 let's uh dig deeper to understand why
00:00:31,600 so this first bar on average
00:00:33,666 buys a serving of alcohol for a dollar and six cents
00:00:36,866 and sells it for five dollars and ninety nine cents
00:00:40,233 their liquor cost is at 21%
00:00:43,066 which is pretty pretty solid by a lot of standards
00:00:46,800 but if we look at their accountability
00:00:49,100 they're scoring 83 so what that means is
00:00:52,033 they are missing about 17% of everything
00:00:54,800 they poured during the period
00:00:56,600 and naturally this causes
00:00:57,833 their liquor cost to be higher than otherwise would be
00:01:00,366 so whereas they're at 21%
00:01:02,366 they could be down in the teens
00:01:05,566 if we jump over now to the second bar
00:01:07,633 we can see that they buy alcohol
00:01:10,066 on average for a dollar and seven cents
00:01:12,000 and they sell it for five dollars and eighty
00:01:13,800 eight cents so very
00:01:15,466 very similar cost structure
00:01:17,400 but their liquor cost lands at 16%
00:01:21,000 so almost five full percentage points lower
00:01:23,633 means they capture 5 cents of every dollar of sales
00:01:26,433 more than the other bar and the difference is
00:01:29,700 this bar has been working with Bar-i for about six months
00:01:33,066 and as opposed to missing 17% of everything they pour
00:01:37,366 this bar is missing less than 4% of what they pour
00:01:40,566 so the losses are a quarter at this bar
00:01:43,666 and the effect is very significant
00:01:45,600 meaning
00:01:45,900 they run higher profits with a lower liquor cost
00:01:49,800 thanks for watching
00:01:50,600 if you'd like to dig deeper into liquor cost
00:01:52,400 at your bar we'd suggest starting with a live demo
00:01:55,600 thanks for watching
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