Taproom Success Tips, Tactics, and Strategies
Free resources to help your taproom or brewery improve sales, management, and finances
Contribution margin is the portion of every sales dollar that helps to offset fixed costs.
In other words, contribution margin is the number every 'restaurant owner' needs to know in order to achieve profitability in their business.
Let's consider a few examples, courtesy of Mark...
The unfortunate truth about food pricing is that the market is in charge.
You're stuck with the market price, no matter what you do.
However, you can use a powerful strategy called Design to Cost, so that you are profitable on your food offerings.
Design to cost works like this:
When it comes to making money on food in your taproom, the key is to have a narrow menu. The narrower the better.
This does not mean that you don't give your guests choices.
Consider how you can use the Platform Strategy: One basic food item you can make in 10 or 15 different...
Creating a financial plan for your taproom feels like a big challenge. As with any big project, the first step is to break it down into smaller pieces.
Here are the biggest pieces of your taproom financial plan:
- Operating Expenses
Taproom Financial Planning...
Setting goals is easy, sticking with them is hard.
In this post we share a video from our partners at Craft Brewery Financial Training.com.
In the video, we'll review goal setting basics, frameworks you can use to organize your goals, and tactics to make them stick.
Get your goals on...