Articles

How you lose upto 40% of sales

The most important principle of managing and running a bar/club is to cut cost and reduce shrinkage. Stock sitting on the shelves represents money that has been invested and is now waiting to be turned into a profit. However, if some of that stock goes missing or cannot be accounted for, it means the bar’s profit has taken a direct hit. Shrinkage in bars, clubs and pubs is described as a reduction in inventory through the following: Theft, Dilution and Replacement. Rogue staff at your club clearly knows how best to execute it.