CMS: Business of Wine

This seminar, given by Master Sommeliers June Rodil and Virginia Philip, considers various facets of wine business, including staff training, list management, pricing strategies, and more.

In this Advanced-level session, we review:

  • How to build a balanced beverage program
  • Pricing strategies
  • COGS
  • Gross profit margin and percentage
  • Assessing P&L statements
  • Revenue vs. profitability
  • Inventory management
  • List management

Note: The video can be made full screen by clicking the button to the left of the Vimeo logo.

Anonymous
Parents
  • Hi all, thank you for the above video. I'm having a discussion with another wine director and we seem to disagree on one question when it comes to pricing wines so I thought I would ask here: in the formula "selling price=cost price/(1-GP)", do you use the cost (excl. GST) or the cost (incl. GST)? Thanks! 

Comment
  • Hi all, thank you for the above video. I'm having a discussion with another wine director and we seem to disagree on one question when it comes to pricing wines so I thought I would ask here: in the formula "selling price=cost price/(1-GP)", do you use the cost (excl. GST) or the cost (incl. GST)? Thanks! 

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