![]() |
|
Welcome to FoodBanter.com forums which provide access to the finest food and drink related newsgroups. You are currently viewing our boards as a guest which gives you limited access to view most newsgroup discussions and access our other FREE features. By joining our free community you will have access to post topics to the food related newsgroups, communicate privately with other FoodBanter.com members (PM), respond to polls, upload your own photos and access many other special features. Registration is fast, simple and absolutely free so please, join our community today! If you have any problems with the registration process or your account login, please contact support. |
|
|||||||
| Wine (alt.food.wine) Devoted to the discussion of wine and wine-related topics. A place to read and comment about wines, wine and food matching, storage systems, wine paraphernalia, etc. In general, any topic related to wine is valid fodder for the group. |
|
|
LinkBack | Thread Tools | Search this Thread | Display Modes |
|
|||
|
In a local online wine group I manage, we've seen some different (and strong) opinions lately as to what a "reasonable" or "fair" restaurant markup for wine bottles should be. The purpose of this message is to take this group’s quantitative pulse on the issue. The question is not whether a restaurant should be able to charge, in a legal or regulatory sense, whatever it pleases for the products it sells. I assume those of you answering this message live in a quasi-free-market economy, so the premise is that the price should be whatever the restaurant wants. The inquiry here is more personal; it focuses on *your* subjective perspective as a wine consumer. So, please take the time to think about and answer the following question: What is the *maximum* restaurant wine bottle mark-up from retail prices that you consider to be reasonable or fair? I started a poll on the subject, located at http://home.earthlink.net/~leobueno/wine-markup.htm (see sample format of poll and question below) Please visit the poll if you are inclined to like those sorts of things, or express your view in text here alt.food.wine, or better yet, do both!. Thanks. -------------------------------------------------------------------------------------- Restaurant Wine Markup What is the *maximum* restaurant wine bottle mark-up from retail prices that you consider to be reasonable or fair? 50% 100% 150% 200% 250% 300% 350% 400% --------------------------------------------------------------------------------------- -- ================================================= Do you like wine? Do you live in South Florida? Visit the MIAMI WINE TASTERS group at http://groups.yahoo.com/group/miamiWINE ================================================= |
|
|||
|
Here is the link to the poll's results http://vote.sparklit.com/poll.spark/834355 On Sun, 09 May 2004 16:10:31 GMT, Leo Bueno wrote: In a local online wine group I manage, we've seen some different (and strong) opinions lately as to what a "reasonable" or "fair" restaurant markup for wine bottles should be. The purpose of this message is to take this group’s quantitative pulse on the issue. The question is not whether a restaurant should be able to charge, in a legal or regulatory sense, whatever it pleases for the products it sells. I assume those of you answering this message live in a quasi-free-market economy, so the premise is that the price should be whatever the restaurant wants. The inquiry here is more personal; it focuses on *your* subjective perspective as a wine consumer. So, please take the time to think about and answer the following question: What is the *maximum* restaurant wine bottle mark-up from retail prices that you consider to be reasonable or fair? I started a poll on the subject, located at http://home.earthlink.net/~leobueno/wine-markup.htm (see sample format of poll and question below) Please visit the poll if you are inclined to like those sorts of things, or express your view in text here alt.food.wine, or better yet, do both!. Thanks. -------------------------------------------------------------------------------------- Restaurant Wine Markup What is the *maximum* restaurant wine bottle mark-up from retail prices that you consider to be reasonable or fair? 50% 100% 150% 200% 250% 300% 350% 400% --------------------------------------------------------------------------------------- -- ================================================= Do you like wine? Do you live in South Florida? Visit the MIAMI WINE TASTERS group at http://groups.yahoo.com/group/miamiWINE ================================================= |
|
|||
|
On Sun, 09 May 2004 16:10:31 GMT, Leo Bueno
wrote: (snip) What is the *maximum* restaurant wine bottle mark-up from retail prices that you consider to be reasonable or fair? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ One question I've always had about this is why the mark-up should be in the form of a percentage of the retail price. If the mark-up is 100%, a wine that retails for $20 in the store costs $40 in the restaurant and one that retails at $75 costs $150. In the first case the restaurant makes $20, in the second they make $75, but what have they done differently? The restuarant likely bought both wines from a wine distributor, stored them for a period of time varying from zero to years, and presented them to you. Maybe the $75/bottle wine was presented with a bit more fanfare -- or maybe not. Maybe the $75 bottle spent more time in the restaurant's wine celler -- or maybe not. In any case, what did the restuarant do differently that was worth $55? A similar issue is tipping on the basis of a percentage of the check. Is it more difficult for the waiter to serve the caviar than the shrimp cocktail? There, I think it's the shrimp cocktail waiter that gets short-changed more than the caviar waiter being over-tipped, but it feels a bit odd to tip $50 on a $25 check which is what we should probably do. Regards, Kent Feiler www.KentFeiler.com |
|
|||
|
Kent Feiler wrote in
: On Sun, 09 May 2004 16:10:31 GMT, Leo Bueno wrote: (snip) What is the *maximum* restaurant wine bottle mark-up from retail prices that you consider to be reasonable or fair? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ One question I've always had about this is why the mark-up should be in the form of a percentage of the retail price. If the mark-up is 100%, a wine that retails for $20 in the store costs $40 in the restaurant and one that retails at $75 costs $150. In the first case the restaurant makes $20, in the second they make $75, But then the mark up is usually on a sliding scale with 300% on the low end wines going down to something close to 150% for the upper ends. In your example an $8 bottle would go for $24 a $20 for more like $50 and the $75 for a little over a hundred. |
|
|||
|
In ,
Kent Feiler typed: One question I've always had about this is why the mark-up should be in the form of a percentage of the retail price. If the mark-up is 100%, a wine that retails for $20 in the store costs $40 in the restaurant and one that retails at $75 costs $150. In the first case the restaurant makes $20, in the second they make $75, but what have they done differently? The restuarant likely bought both wines from a wine distributor, stored them for a period of time varying from zero to years, and presented them to you. Maybe the $75/bottle wine was presented with a bit more fanfare -- or maybe not. Maybe the $75 bottle spent more time in the restaurant's wine celler -- or maybe not. In any case, what did the restuarant do differently that was worth $55? The restaurant tied up a greater number of dollars in wine inventory for the $75 bottle. Tieing up money in inventory costs the restaurant more, and they need to recoup that cost. -- Ken Blake Please reply to the newsgroup |
|
|||
|
Leo Bueno wrote: What is the *maximum* restaurant wine bottle mark-up from retail prices that you consider to be reasonable or fair? 50% 100% 150% 200% 250% 300% 350% 400% Unfortunately, Leo, my preference is for a markup that is a fixed fee rather than a percentage of the purchase price. However, as an upper limit, I'd say 150% come closest for me. I tend to feel a sense of outrage when I see a 200% markup on a restaurant wine list. Mark Lipton |
|
|||
|
"Leo Bueno" wrote in message news ![]() What is the *maximum* restaurant wine bottle mark-up from retail prices that you consider to be reasonable or fair? 50% is plenty for a wine that's available currently in wine shops. Much beyond that begins to make me angry. Tom S |
|
|||
|
Here in Chile it's usually about 100% markup. I think it's way too much.
At those markups I rarely drink wine at restaurants, and when I do, I usually go only for good values. "Leo Bueno" wrote in message news ![]() In a local online wine group I manage, we've seen some different (and strong) opinions lately as to what a "reasonable" or "fair" restaurant markup for wine bottles should be. The purpose of this message is to take this group's quantitative pulse on the issue. The question is not whether a restaurant should be able to charge, in a legal or regulatory sense, whatever it pleases for the products it sells. I assume those of you answering this message live in a quasi-free-market economy, so the premise is that the price should be whatever the restaurant wants. The inquiry here is more personal; it focuses on *your* subjective perspective as a wine consumer. So, please take the time to think about and answer the following question: What is the *maximum* restaurant wine bottle mark-up from retail prices that you consider to be reasonable or fair? I started a poll on the subject, located at http://home.earthlink.net/~leobueno/wine-markup.htm (see sample format of poll and question below) Please visit the poll if you are inclined to like those sorts of things, or express your view in text here alt.food.wine, or better yet, do both!. Thanks. -------------------------------------------------------------------------- ------------ Restaurant Wine Markup What is the *maximum* restaurant wine bottle mark-up from retail prices that you consider to be reasonable or fair? 50% 100% 150% 200% 250% 300% 350% 400% -------------------------------------------------------------------------- ------------- -- ================================================= Do you like wine? Do you live in South Florida? Visit the MIAMI WINE TASTERS group at http://groups.yahoo.com/group/miamiWINE ================================================= |
|
|||
|
"Tom S" wrote in message om... "Leo Bueno" wrote in message news ![]() What is the *maximum* restaurant wine bottle mark-up from retail prices that you consider to be reasonable or fair? 50% is plenty for a wine that's available currently in wine shops. Much beyond that begins to make me angry. Tom S I find that many places have almost a constant, rather than proportional, markup. $10 bottles become $30, but $50 wines might well be only $70. Kieran |
|
|||
|
On Sun, 9 May 2004 22:57:20 -0400, "Indirecto"
wrote: Here in Chile it's usually about 100% markup. I think it's way too much. Here in France a restaurant with 200% markup is considered very reasonable. Usually markup is 300% or more. Mike Mike Tommasi, Six Fours, France email link http://www.tommasi.org/mymail |
|
|||
|
"Kieran Dyke" wrote in message news:409f0667@news1... I find that many places have almost a constant, rather than proportional, markup. $10 bottles become $30, but $50 wines might well be only $70. Ah! Grading "on the curve", eh? Makes more sense to me. It doesn't cost any more to wash the stemware or pull the cork for a cheap bottle than for a $$$$ one. This all presumes that current vintages are being offered. Aged wines obviously must be more expensive - and may be _very_ much moreso. Tom S |
|
|||
|
I'd love to see 50% over retail, but one seldom sees that on East Coast.
I never quibble at 2X retail. I don't like 2.5X, but sometimes one pays. I generally refuse to pay 3X. The exception might be at the low-end, I've paid $24 for a good quality Muscadet that one can find for $8 at a restaurant known for its shellfish; I did so happily (they used good stemware, and there are costs involved in that). Ideally a restaurant would lower the markup on an upper-end bottle, but it's seldom the case. Mostly inconsequential to me- I could probably count the times I've ordered a bottle over say $80 on my hands. In most good restaurants there's some good wines available in the $30-60 range. It's easier for me to enjoy a $40 wine that I know my local store carries for $20, than a $150 wine that it carries for $75. Dale Dale Williams Drop "damnspam" to reply |
|
|||
|
Dale Williams wrote:
I'd love to see 50% over retail, but one seldom sees that on East Coast. I never quibble at 2X retail. I don't like 2.5X, but sometimes one pays. I generally refuse to pay 3X. The exception might be at the low-end, I've paid $24 for a good quality Muscadet that one can find for $8 at a restaurant known for its shellfish; I did so happily (they used good stemware, and there are costs involved in that). Ideally a restaurant would lower the markup on an upper-end bottle, but it's seldom the case. Mostly inconsequential to me- I could probably count the times I've ordered a bottle over say $80 on my hands. In most good restaurants there's some good wines available in the $30-60 range. It's easier for me to enjoy a $40 wine that I know my local store carries for $20, than a $150 wine that it carries for $75. Part of the problem for me is lack of sufficient knowledge. Sure, sometimes I'll happen to see a bottle that I know, or two, on a list; but in general I have to guess at what the start-price might be, and then make a decision on buying. Not a problem if there's a good wine waiter, but that's often not the case, alas. [Thanks for the restaurant review, Dale. It's on the list for maybe my anniversary in June, so I'll have to call/email pretty soon!] Ewan |
|
|||
|
That the real reason I canceled my trip to Spain and France. Wine was to
much at restaurants. :-) Do they allow you to bring wine with you and if so what is corkage fees at restaurants in France. dick "Mike Tommasi" wrote in message ... On Sun, 9 May 2004 22:57:20 -0400, "Indirecto" wrote: Here in Chile it's usually about 100% markup. I think it's way too much. Here in France a restaurant with 200% markup is considered very reasonable. Usually markup is 300% or more. Mike Mike Tommasi, Six Fours, France email link http://www.tommasi.org/mymail |
|
|||
|
"Leo Bueno" wrote in message news ![]() What is the *maximum* restaurant wine bottle mark-up from retail prices that you consider to be reasonable or fair? By retail, are you referring to the price I would pay buying direct from the winery or the street price I'd pay at a wine shop/liquor store (generally 20-35% less than the full price from the winery)? For restaurant prices, my price limit is double the winery price (or roughly triple the street price). I will go that high for wines that are difficult to find or generally unavailable in stores. But it grates on me to find common wines at double the winery price. (And don't get me started on wine-by-the-glass pricing!) I've been passing on wine in restaurants more often or bringing a bottle and paying the corkage. |
| Thread Tools | Search this Thread |
| Display Modes | |
|
|
Similar Threads
|
||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| Restaurant start up.. Where to start? | Bill | Restaurants | 1 | 20-01-2004 11:53 PM |
| List of Malaysian Restaurants ($Revision: 0.25 $). | Willie Lim | Restaurants | 1 | 29-12-2003 07:05 AM |
| NYC Restaurant Strike News: Critical Look at Brody Dynasty | Amanda Ream | Restaurants | 0 | 04-11-2003 08:25 PM |
| NYC Restaurant Strike News: Critical Look at Brody Dynasty | Amanda Ream | Restaurants | 0 | 04-11-2003 08:22 PM |