What does a Barmetrix Franchise Cost?
Join this Ever-Expanding Network of Professional Hospitality Consultants.
Barmetrix leads the industry in inventory management solutions for restaurants, bars, nightclubs, & hotels by providing coaching & analytic services. In most situations, bars & restaurants simply don’t have the time, skill set, tools, or incentive to do this internally. They need outside help. They need Barmetrix! Barmetrix must be located within 30 mins of a metro area with a population of at least 250K.
Leading the Hospitality Industry in Inventory Control Since 1999
What We Do
We provide coaching and analytic services to bars, restaurants and hotels. In a nutshell, we help hospitality businesses improve their bottom line and business systems by using the following process:
- Using our proprietary software, we identify a venue’s starting position. For example, we identify how much product/cash they are losing from week to week.
- Once we have their starting position, we then work out where they want to go. That is, we sit down with the owners, and we set goals and targets for the business.
- Then, using analytics, we coach them to reach their goals, increase profits, lower costs, boost revenues, all while making staff, management & customers happier!
How We Do It
Step 1 - Collect all data from the venue, e.g., stock on hand, purchases, sales from their POS system, recipes, costs.
Step 2 - Analyze all the data using the Barmetrix proprietary software system.
Step 3 - Present the data, our analysis, AND specific solutions to improve Key Performance Indicators.
Step 4 - Repeat the process weekly, bi-weekly, or monthly—depending on the clients' needs.
This process is not a quick fix solution...we set the expectation up front that this process only works if it’s maintained either internally or by a third party like Barmetrix.
People have to eat (and like to drink) no matter what!
In the United States alone, there are over 1 million venues serving food and drinks. But in the hospitality industry, competition is stiff, the pace is fast, costs are on the rise and margins are shrinking.
The very things that make the hospitality industry so varied, interesting and exciting also cause a significant amount of stress and frustration for bar and restaurant owners and operators.
It’s challenging to manage staff and vendors, juggle orders and stock inventory, create interesting menus and prepare great food and drinks for guests—while dealing with all the other tasks business owners are responsible for.
That’s why our services are always in demand.
Our Focus - How You’ll Help The Industry Be More Profitable - We focus on inventory control because it’s an ultimate and immediate need for hospitality operators, and it’s the best way for them to see a real turnaround in their profits. If they can’t control their inventory, they simply can’t stay in business.
The Average Restaurant or Bar Loses Between 10-20% of their Inventory Every Week! - That adds up to tens of thousands—and in some cases—hundreds of thousands of dollars annually. When you compare that to the retail industry, which has an accepted loss level of 2%, you can see the problem within the hospitality industry.
What We Do Is a Core and Consistent Part of any Retail Business - We provide that constant oversight, accountability and more importantly problem solving, that without us immediately disappears from the business.
Recurring Revenues - Loyal Clients
In many businesses, in order to survive you have to keep attracting new customers every week in order to replace the customers that you have just serviced.
The great thing about the Barmetrix model is that in most situations, when we start working with a client, they stick with us. In fact, many of our original customers from 1999 are still with us to this day, paying us a weekly, biweekly or monthly fee for our services.
As a Barmetrix franchisee, you solve problems for your clients. And as long as you continue to offer great value and service, you will continue to add clients and revenue consistently.
That means it only takes a few clients to establish a solid baseline for your business, allowing you to develop lasting relationships with operators and to increase your earning potential.
Low Start-Up Costs and Investment
A Barmetrix franchise territory costs $49,900. Discounts are offered for multiple territory purchases. In some cases, we can even help you get financed.
The largest expense in your Barmetrix business are labor costs, i.e., weekly wages paid to your staff.
Because you don’t need an office or have to carry/buy any inventory, your next highest cost will be your monthly royalties, which are 8% of gross revenue plus a contribution to the national marketing fund.
What You Receive
When you join the Barmetrix team, you become part of a very hands-on family. Everyone is focused on bringing positive change to the hospitality industry.
Not only do you get tools and proven solutions for common problems faced by your clients, you’ll get the support of the entire network and Barmetrix Head Office, all working to advance your business in your local market. Included as part of your franchise fee:
- Training and Support
- Access to Barmetrix’s Proprietary Systems
- Sales & Marketing Materials & Support
- On-Going Professional Development
Who Are We Looking For?
- The ideal Barmetrix Franchisee is someone who loves to help other people.
- Our type of business requires a willingness to get out into your community, tell people what you do, and offer to help in any way you can.
- You need the drive and energy to go hunting for opportunities.
- Like all successful businesses, a great work ethic is required, and you have to commit to offering great service on time, every time.
- We need good communicators, both written and spoken, as a significant part of our business is getting your clients to take action on the advice you give them.
If this sounds like you, inquire today!
Contact This Company
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