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Sinead Taylor

 

 
 
 

“Mismanagement”

“Waste”

“Shrinkage”

“Theft”

No matter what words you use, it all means the same thing: lost profits! Identifying and managing this problem is something every business struggles with on a daily basis, but studies have shown the hospitality industry suffers from a “shrinkage” problem far exceeding any other business sector.

     
 
Thousands of beverage audits of bars, restaurants, hotels and clubs have revealed that these losses range from 15-35%, with the average loss being almost 20%!

What can you do?

Bevinco has the answer! Since 1987 our business has been dedicated to providing bar, restaurant and hotel owners with a proven, effective method to control alcohol loss and improve profitability. Through a network of independently owned and operated franchises, we have grown internationally to the point where Bevinco is the world’s leading profit control and revenue enhancement service for the hospitality industry.

More than 20% of your stock may be lost to “shrinkage”

It is no secret that all bars, hotels and restaurants experience some degree of shrinkage – an astonishing 20% lost on average.
We all know the reasons: over-pouring, carelessness, free drinks and even outright theft. It is difficult to pinpoint how much stock is lost each week, since traditional stock management methods like gross profit percentage and tenthing are arbitrary, time consuming and inexact at best. Bevinco can change all that.

Whatever method you’re using Bevinco beats them all.

Who does the stock take at your business? It’s a time consuming and exacting job and is either done by the very people who stand to gain the most from inaccurate numbers or by suppliers with outdated methodologies.
Bevinco is an independent, professional, unbiased third party service dedicated to helping you gain more profit from every bottle. With our service there is no guessing and no error – we take a time consuming task and turn it into a profit centre – guaranteed.

How does the Bevinco system work?

At an agreed frequency, Bevinco comes into your bar and counts all spirits, beer and wine stock. We weigh every bottle and keg on the premises on a scientific scale connected to a laptop running state of the art, proprietary Bevinco software. This very accurate stock count is then tallied against your sales pin pointing any discrepancies between amounts sold and amount used right down to the millimetre.
The audit is done discreetly for you and the easy to read reports explain every variation at a glance, with a detailed brand-by-brand, bottle-by-bottle breakdown. You will see any discrepancies, spot light top selling brands (and “dead” stock), streamline purchasing, even highlight shifts costing you the most. Once the audit is complete, we chair a staff meeting where we demonstrate our service to your staff, discuss the results (with your permission) and introduce systems and processes for the efficient running of your business.
What about Food Audits ?

More and more of our clients have asked us to provide Stock Auditing services on their Food Operations. Food sales are a key revenue source for the majority of those servicing the hospitality industry.
Therefore we have developed a Stock Auditing process specific to Food that allows us to provide valuable insight to clients in relation to Gross Profit, Stock Valuation Analysis, Purchase Activity and Menu Costing / GP per Dish.
We also provide a Secret Shopper service so clients can get an understanding of the “customer experience” as well as getting an objective view on “front of house” operations.

How much money will Bevinco save me?

The Bevinco service gets results: our clients enjoy a substantial reduction in stock shrinkage. Plus, increase their profits by an average of 10% - usually showing a big improvement to the bottom line right from the first week with Bevinco.
Once staff are aware of the service, you will see a dramatic improvement in stock control and revenue management – guaranteed!

Bevinco is a key partner in your business success?

Bevinco will improve your profits using employee training and motivation techniques combined with computerised monitoring of sales revenue and stock.

A Partnership with Bevinco puts you in control of your stock- and finds you more profit in every bottle!


What do other people within the hospitality industry have to say about Bevinco?

BAR OWNERS…

“Bevinco can provide you with a number of detailed reports, which will not only save you time but also money, by showing you where shrinkage is occurring and how to recover it.
If you are cost conscious and like me want to get clear visibility of your bars profits I would have no hesitation in recommending the BEVINCO service to you.”

Andrew Prior, The Morgan Hotel,
Temple Bar, Dublin.

"Bevinco provides an invaluable insight into the performance of our business. Detailed reports and practical advice help us to make continuous improvements that improve profitability"

John Ryan, The Ardilaun Hotel
www.theardilaunhotel.ie

"Bevinco is not just a stock taking service, it is a complete auditing service which is helping our business reduce costs therefore increase profits"

Mike Pearl, An Pucan
www.anpucan.ie

"An excellent and professional service that provides valuable insight and helps focus on maximising profits."

Kevin Healy, Roisin Dubh
www.roisindubh.net


Accountants…

“From an accountant’s perspective, traditional manual systems lack credibility in the information technology era as they are slow, inaccurate and lead to recounts. Bevinco’s system is proven and based on proprietary software which gives an accountant the comfort needed to rely on the reports derived from the system.”

Declan Mannion
D V Mannion & Co, Chartered Accountants, 3 Devon Place, The Crescent, Galway
www.dvmannion.ie


MARKETING GURUS….

“If it’s true that knowledge is power, then Bevinco is the ultimate weapon. The unique service is designed to tell you more about the profitability of your beverage operation than was ever before available, using software technology that didn’t exist a few years ago. Armed with a laptop and electronic scales a Bevinco auditor is capable of generating management reports that provide an exact representation of what transpire throughout the operation………

Robert Plotkin, Successful Beverage Management (pp.176-177)

IN THE PRESS…

“Back of the napkin math suggests that if all establishments in America signed on with Bevinco, they could roughly avoid $10 billion in annual losses”

Newsweek Magazine, October 27, 2003

CONTACT US NOW for a free, no obligation consultation with the Bevinco auditor in your area