Every business owner is looking for ways to save money and for those in the hospitality industry, one way is probably behind the bar.
The Edmond Sun reported that while businesses serving alcoholic beverages make a profit in their alcohol sales, Robert Wiedemann says many are not maximizing those profits. How would he know? His business, BEVINCO, aims to increase revenue and decrease shrinkage by weighing and comparing how much alcohol is used compared with how much is sold, he said. The top five causes of shrinkage include missing inventory, spoilage and other wastes, free drinks, missing revenue and over pouring.
First BEVINCO does an initial liquor, wine and beer inventory of a business and weighs all the opened bottles to see how many ounces of liquid each contains, he said. Then, on a weekly basis, he weighs every bottle and keg on a scientific scale connected to a laptop running state-of-the-art, proprietary BEVINCO software. This weekly inventory then is tallied against the weekly sales, pinpointing any discrepancies between amount sold and amount used. Wiedemann said he can calculate exactly how many ounces of each liquor bartenders should be using in each mixed drink according to the owner’s specifications of how much is sold at what cost. He also revealed that businesses with liquor licenseses experience an average shrinkage of 20 percent to 25 percent on lost alcoholic product and BEVINCO can increase bar sales revenue by 10 percent on average. “It’s a beverage management system. Businesses are in a crunch and they’re looking for ways to impact the business,” said Wiedemann. “Our job is not to accuse. It’s to help. You’re in a position where it is easy to be lucrative. We’re here to keep people honest. All we’re asking of for (bartenders) to account for what they are using.”
Travis Franz, general manager of Old Chicago, said BEVINCO comes in twice a month. “They do a great job with inventory,” he said. “They’ve done a phenomenal job helping us maximize our profit and minimize our waste. It helps with waste. It helps with theft. It helps with over pour. It’s a great tool and asset!”
Photo: BEVINCO owner Robert Wiedemann.
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