With the cost of alcohol going through the roof, pub rents alarmingly high, a budget around the corner, the minimum wage about to increase and food costs soaring it is surely time to cut every cost you can when you run a pub. Yes ? .... NO !!
Pub operators and landlords have one ally in the form of the pub stocktaker to the licensed trade.
Stocktaking prices are considered very reasonable in most cases and from just around Â£100 per month for a small operation you could save thousands of pounds. If you do not have a regular visit from a pub stocktaker and have no real stock control then you are probably losing more money than you could ever imagine.
If you employ a licensed stocktaker (make sure they are members of the ILTSA) they will count your stock and value it for you and your accountant. Every subsequent visit will see them count it all again and then factor into the equation what deliveries have been made to the pub since the previous visit. Knowing what price you sell each product for, a stocktaker will be able to tell you exactly what money you should have taken for each item stocked. A small allowance is also made for waste, pipe cleaning etc.
Reading your valuable stocktaking report can be difficult at first but the stocktaker will talk you through it all. It contains everything you need to know about running a pub on a sound financial footing. It shows your Gross Profit percentage, the Gross Profit in money, your stock valuation, the Gross Profit percentage on every item you sell, a comparison between the till and stocktake etc etc.
A company such as Rutters Stocktakers has national coverage and will be able to assist you whether you need a stocktake at your small local's pub or five star hotel.
Stocktakers are employed by all premises with a bar who know the value of the figures it produces and the value for money to the business.