Question to irace7...
Also in Canada,
we have the liquor control boards to contend with
(clubs are supposed to buy all their liquor through them
at increased costs of up to 30x's the regular price,
forcing many clubs to run two separate set of books,
one with the legit buys and one where their mgmt bought personally).
Do you in the U.S. have that problem?
Thanks!
In the USA it's different in every state. Most states operate through a whole seller system. Price depends on the volume purchased. Some states have laws which make it illegal to store product offsite, this prevents people from buying 10 years worth of product and other price fixing sceams. Most states have also started auditing systems where you have to turn in how much product you have bought and from who you bought it. This is a pain in the a$$ because they use that number and qualculate if you have been cheating on your taxes and such. They also have different size bottles for liquor stores and bars to regulate where you buy from.
My personal opinion is the purchase of liquor and beer is the most overlooked part of any bar/night club/etc. Its like the old real estate saying " you make money when you buy not when you sell". People invest thousand of dollars on tvs and art for the walls which produces no profit but will not invest $20,000 to $40,000 in purchasing product at volume to significantly reduce your costs.