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Old 29.05.2009, 12:37
Jack Jack is offline
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Re: restaurant prices...

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One of the interesting points that Jack makes if the significance of the beverage part of the restaurant business. It is a suprise therefore that very little consideration is ever given to this vital part of business with the owner often taking responsibility for it, something that he wouldn't do for food.

Wine is a significant earner if you get it right and is not a subject or part of the business to be casual on.

Perhaps one of the aspects that Jack didn't mention was that Restaurant typically are cash rich, i.e. they don't have to wait for payment at 30 days. Therefore the management of a restaurant is critical for its success. Ordering the right products, managing inventory and generating positive cash flow is a priority as is controlling costs.

Paul
Exactly!!! Poor cash management is one of the main reasons restaurants fail...
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