[Doomsday Economics] Home of Kirbeh's FREE SLICE ($25 delivery fee)

The Something Awful Forums > Discussion > C-SPAM > [Doomsday Economics] Home of Kirbeh's FREE SLICE ($25 delivery fee)

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(Thread IKs: skooma512)

genericnick: Dec 26, 2012

err posted:

S&P 500 poised for its worst week since the US banking meltdown in March

Nice

# ? Aug 4, 2023 21:03

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# ? May 26, 2024 05:46

SKULL.GIF: Jan 20, 2017

I think I read something the other day about how zoomers are increasingly avoiding drinking alcohol altogether. Part of this is the availability of weed, part of this is them interacting through devices much more often than previous generations, so there's less "need" for alcohol as a social lubricant. Wonder if that'll have any downstream effects on the hospitality industry.

# ? Aug 4, 2023 21:06

Tsitsikovas: Aug 2, 2023

Xaris posted:

i feel bad because i don't like drinking that much and i especially dont like paying $15+ for a drink that's priced the same as entrees also like $15+

so i just never order alcohol when dining out and would rather just get another meal and take it home than pay for a tiny drink. it's me, the guy whose causing negative profit to restaurants

aint your fault bb, the system (as it currently stand) is what it is.

# ? Aug 4, 2023 21:11

Maed: Aug 23, 2006

SKULL.GIF posted:

I think I read something the other day about how zoomers are increasingly avoiding drinking alcohol altogether. Part of this is the availability of weed, part of this is them interacting through devices much more often than previous generations, so there's less "need" for alcohol as a social lubricant. Wonder if that'll have any downstream effects on the hospitality industry.

I'm no zoomer but I quit 5 years ago now cause it stopped feeling as nice and the next day felt worse and worse as I got older. alcohol is terrible for you and society and no one had any legal alternatives so the weed part makes lots of sense. I smoke like an ounce every two weeks and it still feels amazing and might even be getting better

# ? Aug 4, 2023 21:19

Xaris: Jul 25, 2006; Lucky there's a family guy
Lucky there's a man who positively can do
All the things that make us
Laugh and cry

SKULL.GIF posted:

I think I read something the other day about how zoomers are increasingly avoiding drinking alcohol altogether. Part of this is the availability of weed, part of this is them interacting through devices much more often than previous generations, so there's less "need" for alcohol as a social lubricant. Wonder if that'll have any downstream effects on the hospitality industry.

well a lot of them are still <30 and poor. i mean i'm mid-30s and i dont drink because it's a) way too expensive, and b) doesn't feel great.

but anyways thus far the hospital industry is slowly consolidating and transforming everything to pizza places.

# ? Aug 4, 2023 21:25

Chad Sexington: May 26, 2005; I think he made a beautiful post and did a great job and he is good.

Xaris posted:

i feel bad because i don't like drinking that much and i especially dont like paying $15+ for a drink that's priced the same as entrees also like $15+

so i just never order alcohol when dining out and would rather just get another meal and take it home than pay for a tiny drink. it's me, the guy whose causing negative profit to restaurants

I was reading an article about "how to eat fine dining cheap" and it could just as easily have been "how to destroy restaurant margins." Do happy hours or avoid alcohol. Order appetizers as mains. Go during restaurant weeks.

We've settled on just ordering overpriced (not fine dining) takeout a couple of times a month. I assume there's some margin there? Maybe not.

# ? Aug 4, 2023 21:26

Xaris: Jul 25, 2006; Lucky there's a family guy
Lucky there's a man who positively can do
All the things that make us
Laugh and cry

Chad Sexington posted:

Order appetizers as mains.

afaik appetizers are actually bigger profit margins than entrees? at least most of the time apps are like $10-15 while entrees are close to $17-20 but usually twice as much food. i only sometimes order apps if it's something unique or really sounds good to share, but would probably end up paying way more if we only ordered apps as mains.

# ? Aug 4, 2023 21:28

tuyop: Sep 15, 2006; Every second that we're not growing BASIL is a second wasted; Fun Shoe

Xaris posted:

but anyways thus far the hospital industry is slowly consolidating and transforming everything to pizza places.

I mean, the obsession with eating inside such places is really having an effect on the hospital industry but I don�t know if it�s like that predatory, yet

# ? Aug 4, 2023 21:33

Nothus: Feb 22, 2001; Buglord

Chad Sexington posted:

Order appetizers as mains.

We used to call this tapas

# ? Aug 4, 2023 21:35

Tsitsikovas: Aug 2, 2023

Xaris posted:

afaik appetizers are actually bigger profit margins than entrees? at least most of the time apps are like $10-15 while entrees are close to $17-20 but usually twice as much food. i only sometimes order apps if it's something unique or really sounds good to share, but would probably end up paying way more if we only ordered apps as mains.

Go to a mid restaurant, look at the price of guac and chips, look at the amount you get. Then, go to the supermarket and buy guac and chips. Youll be surprised!

# ? Aug 4, 2023 21:36

Gunshow Poophole: Sep 14, 2008; OMBUDSMAN
POSTERS LOCAL 42069; Clapping Larry

Penisaurus Sex posted:

It's a lot less than that, or was when I was last in hospitality (late 2017ish).

Case of well vodka was $40 invoiced from our main distributors. 4.5L of vodka, call drink has 44ML of spirit in it and well vodka was $9.

Tsitsikovas posted:

Thanks for your detailed info, and yeah selling booze is a healthy business. There's a reason why everyone wants to open one, and why its a popular front for more illicit affairs.

i'm in the middle of taking over our small liquor store from my boss. Markup on wine is 50% and liquor is 25% (incredibly challenging to sell spirits competitively), so my gross margin works out at like 27-28%, and there's no overhead to speak of, just my aging and decrepit body.

restaurant booze markups are INSANE especially on wine, and especially in the big USA cities like NY/SF/LA/Miami. A restaurant in NYC might mark up a wine 400-450% lmao

And your last point is why it's going to take the state mmmm 6 months to process my license even though the premises is already licensed lol

# ? Aug 4, 2023 21:44

Penisaurus Sex: Feb 3, 2009; asdfghjklpoiuyt

Yep your highest margin is the cheapest liquor and your cheapest bottles of wine.

Restaurants in the mid 2010's hosed themselves hard by locking up lots of cash in expensive whiskeys/spirits; you might eventually make $600 in revenues on a $200 bottle of Yamaziki 18 but it'll take you 4 months to burn it. Scale that up to 15 or 20 bottles and you have a significant portion of your projected operating income sitting doing nothing.

Whereas any bar can sell as much Gordon's vodka as you can get in house.

# ? Aug 4, 2023 21:47

net work error: Feb 26, 2011

I wish you luck on your socialist liqour store OP

# ? Aug 4, 2023 21:48

Vox Nihili: May 28, 2008

Gunshow Poophole posted:

i'm in the middle of taking over our small liquor store from my boss. Markup on wine is 50% and liquor is 25% (incredibly challenging to sell spirits competitively), so my gross margin works out at like 27-28%, and there's no overhead to speak of, just my aging and decrepit body.

restaurant booze markups are INSANE especially on wine, and especially in the big USA cities like NY/SF/LA/Miami. A restaurant in NYC might mark up a wine 400-450% lmao

And your last point is why it's going to take the state mmmm 6 months to process my license even though the premises is already licensed lol

Yeah I remember reading about this. Wine is where the money is at. People have it in their head that they want to spend $X on a bottle of wine for Y quality, and it's almost all just branding and salesmanship.

The premium consumer pays $40 for a bottle of wine at the store or $90 at a restaurant when that bottle costs some small fraction of that to produce.

Beer and liquor have much smaller markups, relatively speaking.

# ? Aug 4, 2023 21:53

Relevant Tangent: Nov 18, 2016; Tangentially Relevant

euphronius posted:

do they just make money on booze then ?

That and $5 house made ginger beer. They sell really good fries at $5/$6 as well.

# ? Aug 4, 2023 22:01

Skinnymansbeerbelly: Apr 1, 2010

tuyop posted:

I mean, the obsession with eating inside such places is really having an effect on the hospital industry but I don�t know if it�s like that predatory, yet

tfw the nurse tells you to doordash your next meal

# ? Aug 4, 2023 22:01

Tsitsikovas: Aug 2, 2023

Gunshow Poophole posted:

i'm in the middle of taking over our small liquor store from my boss. Markup on wine is 50% and liquor is 25% (incredibly challenging to sell spirits competitively), so my gross margin works out at like 27-28%, and there's no overhead to speak of, just my aging and decrepit body.

restaurant booze markups are INSANE especially on wine, and especially in the big USA cities like NY/SF/LA/Miami. A restaurant in NYC might mark up a wine 400-450% lmao

And your last point is why it's going to take the state mmmm 6 months to process my license even though the premises is already licensed lol

One of my fave wines is JPB Sancere. My local liquor store sells it for $30 give or take.

I learned about this wine a decade ago at the gastro-italian restaurant I worekd at, where we sold it for $90 a bottle. lol, and lmao

# ? Aug 4, 2023 22:02

Gwyneth Palpate: Jun 7, 2010; Do you want your breadcrumbs highlighted?

~SMcD

the ＰＲＥＭＩＵＭＣＯＮＳＵＭＥＲ remains drunk

# ? Aug 4, 2023 22:03

euphronius: Feb 18, 2009

the brew pubs must be printing money

# ? Aug 4, 2023 22:04

Tsitsikovas: Aug 2, 2023

Vox Nihili posted:

Yeah I remember reading about this. Wine is where the money is at. People have it in their head that they want to spend $X on a bottle of wine for Y quality, and it's almost all just branding and salesmanship.

The premium consumer pays $40 for a bottle of wine at the store or $90 at a restaurant when that bottle costs some small fraction of that to produce.

Beer and liquor have much smaller markups, relatively speaking.

the entire history of grey goose is a cynical application of this. long story short the original owners purposefully overpriced it knowing that just by virture of it being expensive compared to absolut (at the time the most popular vodka in the US) it was gonna sell really well. and it worked.

# ? Aug 4, 2023 22:04

Antonymous: Apr 4, 2009

I don�t want the teetotalers to control the narrative I drink often because I need it physically to be well

# ? Aug 4, 2023 22:05

Bar Ran Dun: Jan 22, 2006

anonumos posted:

I don't need another student loan payment to get that background.

no student should pay for any of these. Tuition reimbursement, any masters degree one gets not on a PhD track, one should be extracting from one�s employer.

# ? Aug 4, 2023 22:05

Tsitsikovas: Aug 2, 2023

euphronius posted:

the brew pubs must be printing money

theyre ATM machines, its gnarly. If you have friends who have GM'd just ask them, its almost uniform. You need to go out of your way to be an idiot to lose money at a restaurant. Best way is to be a cokehead owner who gives the bar away to your friends after hours.

# ? Aug 4, 2023 22:05

Bar Ran Dun: Jan 22, 2006

Gwyneth Palpate posted:

the ＰＲＥＭＩＵＭＣＯＮＳＵＭＥＲ remains drunk

unironically yes have you met the managerial class?

# ? Aug 4, 2023 22:06

Twerk from Home: Jan 17, 2009; This avatar brought to you by the 'save our dead gay forums' foundation.

Penisaurus Sex posted:

It's a lot less than that, or was when I was last in hospitality (late 2017ish).

Case of well vodka was $40 invoiced from our main distributors. 4.5L of vodka, call drink has 44ML of spirit in it and well vodka was $9.

$900~ of revenue per case spent, $960 in profit prior to everything that matters (labor, rent, licenses, mixers, etc.)

Main cost of soda guns is the contract with your distributor/maintenance guy. Coke is the worst for this, Pepsi was way more "Well do whatever you want we don't care".

Coke was $700/mo on contract IIRC with fees everywhere for usage of maintenance, line cleaning was monthly with another surcharge on top of that.

Of course the syrup is cheap as hell, so you don't really have any problems scaling it up.

In the case of all the places I worked your bar essentially covered for the ups/downs of food and labor costs. If you could schedule reliably and handle your labor cost it's difficult to lose money on a bar, unless that money is 'lost' and not lost.

e. Shouldn't have used metric.

It's just good business

https://twitter.com/scavendish/status/1430888146326147074?s=20

# ? Aug 4, 2023 22:07

Tsitsikovas: Aug 2, 2023

Bar Ran Dun posted:

unironically yes have you met the managerial class?

when you make a cool six figgies, running up a $300 bar tab is nothing. Patronize even a brew pub enough youre going to get buybacks.

# ? Aug 4, 2023 22:08

Relevant Tangent: Nov 18, 2016; Tangentially Relevant

Xaris posted:

i feel bad because i don't like drinking that much and i especially dont like paying $15+ for a drink that's priced the same as entrees also like $15+

so i just never order alcohol when dining out and would rather just get another meal and take it home than pay for a tiny drink. it's me, the guy whose causing negative profit to restaurants

nah, good word of mouth outweighs the lack of drink ordering

# ? Aug 4, 2023 22:09

Nothus: Feb 22, 2001; Buglord

Costco $8 wine ftw

# ? Aug 4, 2023 22:09

tuyop: Sep 15, 2006; Every second that we're not growing BASIL is a second wasted; Fun Shoe

making your own at home is the economical choice anyway.

# ? Aug 4, 2023 22:11

Tsitsikovas: Aug 2, 2023

time to bring back homemade IPA nerds. party like its 2008 baby hope and change

# ? Aug 4, 2023 22:12

Pittsburgh Fentanyl Cloud: Apr 7, 2003

Xaris posted:

i feel bad because i don't like drinking that much and i especially dont like paying $15+ for a drink that's priced the same as entrees also like $15+

so i just never order alcohol when dining out and would rather just get another meal and take it home than pay for a tiny drink. it's me, the guy whose causing negative profit to restaurants

Good, destroy restaurants

# ? Aug 4, 2023 22:14

Gunshow Poophole: Sep 14, 2008; OMBUDSMAN
POSTERS LOCAL 42069; Clapping Larry

Tsitsikovas posted:

One of my fave wines is JPB Sancere. My local liquor store sells it for $30 give or take.

I learned about this wine a decade ago at the gastro-italian restaurant I worekd at, where we sold it for $90 a bottle. lol, and lmao

it's on our shelf

harder to get these days after everyone and their figgies brother discovered Sancerre last summer

# ? Aug 4, 2023 22:24

Bar Ran Dun: Jan 22, 2006

Tsitsikovas posted:

when you make a cool six figgies, running up a $300 bar tab is nothing. Patronize even a brew pub enough youre going to get buybacks.

if you are part of the management class you are expensing most of your drinking as marketing.

# ? Aug 4, 2023 22:24

super sweet best pal: Nov 18, 2009

RadiRoot posted:

new update killed my phone? huh must be a coincidence

Yeah, I had to get a new phone because mine was just over the shutdown threshold last time they forcibly disabled old ones.

# ? Aug 4, 2023 22:36

Real hurthling!: Sep 11, 2001

people are so desperate an influencer saying he had ps5 to give away just caused a riot in ny

# ? Aug 4, 2023 22:38

Jel Shaker: Apr 19, 2003

RadiRoot posted:

new update killed my phone? huh must be a coincidence

the newest iphone update actually has hosed my iphone mini 12

its absolutely boiling half the time, could be the flawed design which is why they dont make them anymore but literally this problem only happened after the new update a few weeks ago

# ? Aug 4, 2023 22:40

Nonsense: Jan 26, 2007

it�s time for Apple to announce a new iPhone and save the economy

# ? Aug 4, 2023 22:41

Ammanas: Jul 17, 2005; Voltes V: "Laser swooooooooord!"

Nothus posted:

Costco $8 wine ftw

yeah the prices on restaurant/bar alcohol is ludicrous. it's rare ill even order a beer, like why am i paying $8 for this when a 12 pack is $15. no thank you ill get drunk at home on costco massive bottles in the dark naked as god intended

# ? Aug 4, 2023 22:41

Ammanas: Jul 17, 2005; Voltes V: "Laser swooooooooord!"

Real hurthling! posted:

people are so desperate an influencer saying he had ps5 to give away just caused a riot in ny

theres not even any good games for the ps5, who cares???

# ? Aug 4, 2023 22:42

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# ? May 26, 2024 05:46

Real hurthling!: Sep 11, 2001

broke kids

# ? Aug 4, 2023 22:43

The Something Awful Forums > Discussion > C-SPAM > [Doomsday Economics] Home of Kirbeh's FREE SLICE ($25 delivery fee)

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