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19 Cards in this Set
- Front
- Back
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Define profressive wine list format and other options
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New style of wine list that arranges wine by flavor. i.e. rich, oaky, whites or ripe, round reds
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State the national average wine product cost
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36%
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State the typical sliding scale wine mark ups
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3 times wholesale cost
low cost- mark up 4 times wholesale med - mark up 3 times high- mark up 2 times |
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talk about problem of shrinkage and how to combat it
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Shrinkage- loss of product due to spills, theft, spoilage, etc.
To achieve 36% PC, price should target 33%, allowing for 3% shrinkage |
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Discuss the policy of a corkage fee and circumstances surrounding it
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$5 - 50 a bottle
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Define POS and purpose
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Point of sell. Track sales, improve communication from front to back house data
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Formula for Product cost Calculation
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beginning inventory + net purchases - ending inventory = PC
PC divided by Product Sales = PC % |
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Define COGS
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Cost of Goods Sold
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State formula Contribution Margin
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Measure of item profitability.
Sales price - Unit Cost = CM |
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Define 86 list and how to use it
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no more items
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State 3 ways of dealing with hard to sell wine on your wine list
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staff training, wine promotin, food pairing
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State gov't agency controls the sale of alc in NY
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ABC
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Define the term Control State
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state is wholesaler and distributor.
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Define Blue laws
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regulate conduct on sabbath
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State 2 restrictions under NY Tied House Laws
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no loans or gifts to retailer
no free service or goods, gifts |
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State 2 restrictions under NY Dram Shop Laws
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no alcohol between 4-8am
owner of license must live with a few miles of store to prevent chain liquor stores |
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State a training program that may reduce your liquor liability
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LEAD - free
Tips Training- fee |
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Define on-premise and off-premise licenses
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on - restaurant/ bar
off- wine shop |
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Define term Personal Guarantee
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personally liable for debt even if business folds.
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