Among our Bevly customers, the median Liquor Store starts with a Retail vs Bottle cost of 23.5%; after 6 months of working with us, that Retail vs Bottle cost is 16.5%. For a business with $500,000 in annual revenue, that 7% reduction amounts to $35,000 in savings every year. For a business with $1 million, that’s $70,000.
And these dollar savings don’t even include all the time and staff labor saved by not using pen and paper.
Why do these Liquor Stores reduce their Retail vs Bottle costs so much more in the second quarter? Our software is both an operational tool and an analytics platform. From the beginning, we save you hours by streamlining the inventory and ordering process. But those order invoices and inventory logs contain crucial data, so
when we later integrate them with your POS system, you can compare revenue and costs for every product.
So, the earliest Retail vs Bottle cost improvements come by reducing shrinkage (lost or wasted product). And as managers become immersed in their Liquor Store data, they can use our drink pricing tool and other advanced features to fundamentally change their business’ operations.
Of course, your specific product offering could affect your Liquor Store ’s Retail vs Bottle costs and potential savings. So, we’ve broken down the data to see total how Bevly
customers’ Retail vs Bottle costs changed in total and within each of their product categories: beer, wine and spirits.