The same reason why you count the cash in the register at the end of the night is the exact same reason why you count the liquid assets that are sitting on your shelves.
Because if you don't, statistically 23% of it just walks out the door!
But not anymore, thanks to Partender.
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Like the retail industry, the restaurant industry moved into the 21st century with SKU numbers that automated point-of-sale (POS) systems with supply-chain management.
Unfortunately, the bar industry is still stuck in the 18th century.
To make matters worse, Bevinco (a bar & eatery auditor) estimates that each bar loses 18-31% (or an overall industry average of 23%) of its inventory to ”shrinkage,” which is a loss of inventory due to theft, over pouring, bottle breakage, spillage, and more.
Now think about this for a second -- 23 percent! That’s almost 1-in-4 drinks, and could be a bar’s profit margin for the year!
Unfortunately, because the current process of doing bar inventory takes so long, it can only be done once a month to once a week... or never at all!
This leaves bars not knowing what their inventory consists of on a daily basis, and leaves them vulnerable to theft and running out-of-stock before the next reorder.
Fortunately, Partender protects against this.
By providing an easy-to-use app interface, in which a bar manager can slide his or her thumb across a virtual bottle to accurately measure bottle levels, Partender reduces the time it takes managers to inventory from 6-24 hours to just 15 mins, and make bars virtually 100% accountable for their inventory.
You can even use Partender to calculate your Beverage Cost and Variance in just 3 minutes more using our templates.
Sign up for free at http://partender.com to bring your bar out of the 18th century and into the 21st.
Our Specialties:
Inventory, Bar, Club, Pub, Lounge, Restaurant, Alcohol, Accounting, Food & Beverage, Software, Mobile Apps
Because if you don't, statistically 23% of it just walks out the door!
But not anymore, thanks to Partender.
------------------------------------------
Like the retail industry, the restaurant industry moved into the 21st century with SKU numbers that automated point-of-sale (POS) systems with supply-chain management.
Unfortunately, the bar industry is still stuck in the 18th century.
To make matters worse, Bevinco (a bar & eatery auditor) estimates that each bar loses 18-31% (or an overall industry average of 23%) of its inventory to ”shrinkage,” which is a loss of inventory due to theft, over pouring, bottle breakage, spillage, and more.
Now think about this for a second -- 23 percent! That’s almost 1-in-4 drinks, and could be a bar’s profit margin for the year!
Unfortunately, because the current process of doing bar inventory takes so long, it can only be done once a month to once a week... or never at all!
This leaves bars not knowing what their inventory consists of on a daily basis, and leaves them vulnerable to theft and running out-of-stock before the next reorder.
Fortunately, Partender protects against this.
By providing an easy-to-use app interface, in which a bar manager can slide his or her thumb across a virtual bottle to accurately measure bottle levels, Partender reduces the time it takes managers to inventory from 6-24 hours to just 15 mins, and make bars virtually 100% accountable for their inventory.
You can even use Partender to calculate your Beverage Cost and Variance in just 3 minutes more using our templates.
Sign up for free at http://partender.com to bring your bar out of the 18th century and into the 21st.
Our Specialties:
Inventory, Bar, Club, Pub, Lounge, Restaurant, Alcohol, Accounting, Food & Beverage, Software, Mobile Apps
Employees: 11-50
Phone: +1 888-787-4228
Founded date: 2012
Investors 5
| Date | Name | Website |
| - | 7BC Ventur... | 7bc.vc |
| - | Rubicon Ve... | rubicon.vc... |
| - | 500 Startu... | 500.co |
| - | Marc Bell ... | marcbell.c... |
| - | Winklevoss... | winklevoss... |
Mentions in press and media 8
| Date | Title | Description |
| 07.05.2014 | Congrats to the winners of our 30-second video-pitch contest at SxSW! | Along with reporting on whatever interesting tech happenings we find in Austin, Texas during the annual South by Southwest festival, the VentureBeat team and Buzzstarter also set out to find a new set of Win30s champions. In case you need a... |
| 25.10.2013 | ANNOUNCING the 5 Finalist Startups at Tech Cocktail Celebrate | Over the last 10 months, we've examined thousands of startup applications where hundreds were selected to participate at their local Tech Cocktail Mixer. Tech Cocktail readers and event attendees selected their favorites at each event, acco... |
| - | How Discord and Xbox Are Working To Keep Up with AI’s Rapid Advancement | This is the web version of dot.LA’s daily newsletter. Sign up to get the latest news on Southern California’s tech, startup and venture capital scene. When I woke up this morning, I didn’t expect to end up on the set of the Peabody award wi... |
| - | LA Tech Week Day 3: Social Highlights | L.A. Tech Week has brought venture capitalists, founders and entrepreneurs from around the world to the California coast. With so many tech nerds in one place, it's easy to laugh, joke and reminisce about the future of tech in SoCal. Here's... |
| - | Will.i.am Predicts Musicians Will Invest in Training AI to Create Hit Songs | This is the web version of dot.LA’s daily newsletter. Sign up to get the latest news on Southern California’s tech, startup and venture capital scene. At the headquarters of the FYI app in Hollywood on Tuesday night, founder, CEO Will.i.am ... |
| - | K-beauty Entrepreneur Alicia Yoon On Taking the Leap From Corporate Consultant to Starting Her Skincare Brand | On this episode of Behind Her Empire, Peach & Lily founder and CEO Alicia Yoon discusses her journey from being a corporate consultant to establishing her own skincare brand as well as the necessity of having an airtight business model ... |
| - | LA Tech Week: Female Founders Provide Insights Into Their Startup Journeys | Women remain a minority among startup founders. According to Pitchbook, even though women-led startups in the United States received a record $20.8 billion in funding during the first half of 2022, U.S. companies with one or more female fou... |
| - | The Impact of Authentic Storytelling. LA Latino/a Founders and Funders Tell All | As one of the most diverse cities in the world, Los Angeles is home to almost 5 million people who identify as Hispanic or Latinx. Yet, many feel they still lack representation in the city’s tech space. “I can safely say that last year’s LA... |