Depending on the system’s size and the functions it offers, Pour My Beer systems can range in price. A basic system can often run you $5,000, while a larger, more feature-rich system can cost you upwards of $10,000. In addition, one should take into account recurring expenses for things like upkeep, cleaning, and beer line cleaning.
Planning and thought must go into starting a bar business. It’s crucial to do market research and ascertain whether a Pour My Beer system is a good fit for your company before making an investment. The price of other pieces of equipment, such as kegerators and beer dispensing systems, as well as the price of beer and other goods, should also be taken into account.
Pricing is another thing to think about when opening a bar. Craft beer pricing can be difficult because there are so many variables to take into account, including the price of ingredients, packaging, and distribution. Setting prices that are both competitive and offer a respectable profit margin is crucial.
Using a formula based on the cost of goods sold (COGS) and gross profit margin is one technique to determine pricing. While the gross profit margin is the portion of sales that represents profit, the COGS is the price of making or buying the beer. For instance, the price for a 12-ounce beer would be $4 if the COGS were $2 and the gross profit margin was 50%.
The pub’s expected gross profit (GP) should also be taken into account. The gross profit margin (GP) is the portion of revenue that represents profit after all expenses are subtracted. A GP of 70–80% is typically seen as a decent objective for a bar or pub, while the optimal GP might vary based on the business and area.
In conclusion, although it has a price, a Pour My Beer system might be a useful addition to a bar or restaurant. Research the market and see if a Pour My Beer system is a good fit for your company before making an investment. It’s also crucial to take into account pricing tactics, the cost of other equipment, and the necessary gross profit margin for the business to be profitable.