Different from the pricing calculator that looks at sell prices for individual products, the pricing tool helps you cost out drink mixes, food servings, and product size variations like draft beer pitchers, wine carafes - based on a product's standard price and pour size. To get started with the pricing tool, from the control panel click "Price Management", and then select "Pricing Tool" in the category of your choice.
One of the most important parts (and often overlooked) of inventory control is having drink mixes and different sized servings priced out correctly. Every mixed drink should be cost out based on the standard size and price of each liquor product in the drink mix. A pitcher of beer should be cost out based on a standard glass pour size and the sell price of that glass. Costing out drink prices correctly ensures an accurate inventory.
Let's price out a drink correctly.
Enter the pour size of each product that goes into a drink mix. For example: If you sell a top-shelf Long Island with a drink mix of a 1/2 ounce of Absolute, Bacardi, Beefeater, and Cuervo Gold, enter .5 in the pour size column for each of those products.
Bar Cop will show you the pour cost, cost percent, and the price you should charge for each of the products in that drink mix. You will also see the calculated suggested sell price range for that drink mix. You should never charge less than the low side of the suggested price range. The high side is your optimal sell price when cost out correctly.
Things to know:
1) You cannot use the pricing tool before setting up your products in the main product setup section.
2) Remember to never sell a drink or product for a lower price than the low side of the suggested price.