538 replies to this topic

[Ismo07]

 Duh

Edited by Ismo07, 23 February 2021 - 10:18 AM.

[Victoria Watcher]

if we all just drink 17% more or whatever it’ll be fine.

[Matt R.]

For a lot of places this is probably their lease payment.

Shout out to the BCRFA and ABLE for lobbying tirelessly on my behalf. They’ve made up a lifetime of membership fees with this.

Matt.

[Ismo07]

For a lot of places this is probably their lease payment.

Shout out to the BCRFA and ABLE for lobbying tirelessly on my behalf. They’ve made up a lifetime of membership fees with this.

Matt.

 

Is it really that much of a discount moving forward?

[Jackerbie]

Is it really that much of a discount moving forward?

Matt will have better numbers but I've heard it's a roughly 20% markup from wholesale to retail prices

[Matt R.]

Is it really that much of a discount moving forward?

Massive. Imagine you are cactus club. The keg. Etc. Millions a year. Could be $100k+ per year in savings for single large restaurants, easily.

Matt.

[lanforod]

Hopefully restaurants pass some of the savings back to customers, especially post pandemic.

[Matt R.]

Hopefully restaurants pass some of the savings back to customers, especially post pandemic.

Riiiiiiight.

Matt.

[spanky123]

Licensees granted access to wholesale pricing permanently. This is great news for the industry. No word on how government plans to make up the multi million dollar shortfall.

https://news.gov.bc....PSSG0014-000308

Matt.

 

They will increase the wholesale prices!

[spanky123]

Riiiiiiight.

Matt.

 

There will be some downward pressure on prices with competition. I expect that over time most will use the markup they had previously on the new base price. 

[Victoria Watcher]

There will be some downward pressure on prices with competition. I expect that over time most will use the markup they had previously on the new base price. 

 

that's the beautiful thing about the market.  it will figure it out.

 

mark-up already varies widely.  compare earl's happy hour to irish times kitty corner.  

Edited by Victoria Watcher, 23 February 2021 - 02:15 PM.

[spanky123]

that's the beautiful thing about the market.  it will figure it out.

 

mark-up already varies widely.  compare earl's happy hour to irish times kitty corner.  

 

Matt can confirm but I believe that there are floor prices which liquor can be sold at.

[Nparker]

As much as I might not like to pay the mark-up, liquor is far from an essential product, so I don't begrudge retailers, restaurants and bars their profit.

[spanky123]

As much as I might not like to pay the mark-up, liquor is far from an essential product, so I don't begrudge retailers, restaurants and bars their profit.

 

Agreed. One can choose to purchase or not.

[Nparker]

I can't recall the last time a gun was put to my head and I was forced to purchase alcohol. Of course if I was forced to drink a lot, I might not remember any of it. 

[Victoria Watcher]

Agreed. One can choose to purchase or not.

 

you can always bring in your own flask.   that's legal under the current emergency measures.

Edited by Victoria Watcher, 23 February 2021 - 02:32 PM.

[Matt R.]

I’m hearing lots of surprise as people learn hospitality has always paid the exact same price you or I do at the liquor store.

I think operators will use this windfall to cover some additional costs like increases in insurance, property taxes, wage and benefit increases, employer health tax premiums, and maybe even recover a few bucks lost over the last year.

Matt.

[spanky123]

I’m hearing lots of surprise as people learn hospitality has always paid the exact same price you or I do at the liquor store.

I think operators will use this windfall to cover some additional costs like increases in insurance, property taxes, wage and benefit increases, employer health tax premiums, and maybe even recover a few bucks lost over the last year.

Matt.

 

I had thought there was a small discount (10%) but knew it wasn't much. 

 

As I suggested I think that your windfall will be short lived. The Government isn't giving up that much money, they will raise prices overall to compensate.

Edited by spanky123, 23 February 2021 - 03:19 PM.

[Matt R.]

I had thought there was a small discount (10%) but knew it wasn't much.

As I suggested I think that your windfall will be short lived. The Government isn't giving up that much money, they will raise prices overall to compensate.

No, no discount. Some wineries that were allowed to sell direct had “hospitality” or “by the glass” pricing but that was the exception not the rule.

Matt.

[LJ]

The government says it amounts to a $71M bailout to the hospitality industry.

 

I quit drinking when I go out for dinner when the driving laws all changed.