But here's the shocking part. The glass cost $9.50. The entire bottle can be had at retail for $10. In other words, given that the restaurant probably paid a wholesale price for the wine, they made a profit on the first glass of wine they sold from the bottle. I know that maintaining stock in wine is expensive for restaurants, and I know that selling wines by the glass results in a lot of wastage when the remains of bottles have to be poured down the drain because they've been open too long. But come on. People think that it's outrageous when clothing merchants keystone their merchandise (ie, mark their merchandise up to 100% over wholesale price). What about a restaurant marking their wines up to 600% over wholesale price? I feel like a sucker every time I order wine in a restaurant. For all I know, restaurants generate more of a profit this way than they would with a reasonable pricing structure, but I can tell you that a reasonable pricing structure would lead me to order wine in a restaurant more than once a year.
Tuesday, December 25, 2007
Last Night's Tipple
But here's the shocking part. The glass cost $9.50. The entire bottle can be had at retail for $10. In other words, given that the restaurant probably paid a wholesale price for the wine, they made a profit on the first glass of wine they sold from the bottle. I know that maintaining stock in wine is expensive for restaurants, and I know that selling wines by the glass results in a lot of wastage when the remains of bottles have to be poured down the drain because they've been open too long. But come on. People think that it's outrageous when clothing merchants keystone their merchandise (ie, mark their merchandise up to 100% over wholesale price). What about a restaurant marking their wines up to 600% over wholesale price? I feel like a sucker every time I order wine in a restaurant. For all I know, restaurants generate more of a profit this way than they would with a reasonable pricing structure, but I can tell you that a reasonable pricing structure would lead me to order wine in a restaurant more than once a year.
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