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The only way you can make money in a restaurant is via booze. I know a couple of restaurant owners, and they admit it: if they just sold food, they'd be losing
by 1024core 10y ago
The only way you can make money in a restaurant is via booze. I know a couple of restaurant owners, and they admit it: if they just sold food, they'd be losing money. The profit margins on alcohol are insane. A $1 bottle of beer can easily go for $5 (a 400% markup). And wine? A decent $12 bottle of wine will easily fill 6 glasses, at $7 a pop.
So if you're planning on opening a restaurant, be sure to get your liquor license. You'll depend on it.
- cylinder 10y agoThe markup is the same on food. It's just that people only order one main dish each but can order several drinks, and it's altogether another additional revenue source that you need.
- 1024core 10y agoIf you read the article, you'll see that the markup on food is nowhere close to alcohol. He claims a < 3% profit.