The Cost Of Storing Wine In
To decide whether the cost of storing wine in-bond is right for your collection, you should start with a tax calculation on your upcoming bottle purchases. Taxes on wine in the U.S. are about 6 percent of the cost of sale, on average, depending on the state in which you reside. For wine that you need to ship into the U.S. from another country, add another $2 for every liter of wine each full case will cost you about $18 in duty tax. Wine bought in the EU will cost even more in VAT, an average of 20 percent of the total sale. In this scenario, a $1,500 case of wine could cost as much as $300 more.
Once you have an estimated tax cost for your purchase, determine whether that cost is higher or lower than the cost of bonded storage. Most bonded warehouses charge anywhere from $9 to $25 per year, although this cost varies depending on the warehouse and the number of bottles you store. Generally, the more bottles you store, the lower your costs will be per bottle. First, ask for an accurate fee estimate from the bonded warehouse that you want to use, then decide how long you want to store your bottles before drinking or selling them. Multiply the annual cost of storage by the number of years you need to store your bottles, then compare that number to your estimated tax number. If the taxes are higher than the storage costs, you should store in-bond without question.
What Size Is A Case Of Wine
Cardboard Wine Cases
The standard case of wine is a 12 bottle, cardboard box case. With 6 bottle cases also coming in at a close second. Their dimensions are:
- 12 Bottle Wine Case: 334 x 250 x 322 mm or 13.15 x 9.84 x 12.60 inches
- 6 Bottle Wine Case: 306 x 204 x 350 mm or 12.04 x 8.03 x 13.77 inches
Sizes from Kite Packaging, listed in Length x Width x Height.
Wooden Wine Cases
If youre getting a higher end case of wine, or one from a vinery, you may be lucky enough to have it delivered in a wooden wine case.
Their average dimensions are:
- 12 Bottle Wine Crate: 495 x 330 x 178 mm or 19.5 x 13 x 7 inches
- 6 Bottle Wine Crate: 330 x 280 x 178 mm or 13 x 11 x 7 inches
Sizes from Wood Wine Crate & Boxes, listed in Length x Width x Height.
How Should You Select Your Wine
Remember that there are many different wine lovers out there. Buying multiple cases of red wine may not do your party much service. However, if you choose a variety of wine to compose your case of wine, you will be sure to please everyone.
A great way to start with your wine selections is to choose:
Recommended Reading: Wine And Ketogenic Diet
Make A List What To Buy: Alcohol And Mixers To Stock Your Bar
If you dont want to complete your bar with every booze known to man, heres the basic list you need:
Its nice to have some kind of background for your bar ideas for wedding, some data to rely on. If you are serving a full bar, your diy wedding bar shopping list for 100 guests would most probably include:
Now all you need to do is to decide where to buy alcohol for a wedding, and voila! Also, dont forget to buy ice, ice buckets, ice chests or coolers, stir sticks, glassware, if your venue doesnt provide it, garbage bins and bags. You might also need sliced lime, cherries, olives, and other ingredients if you are going to serve mixed drinks.
Making a DIY wedding bar can seem quite frustrating at first, but in reality, it only requires several simple calculations. Do not forget, that all the numbers above are nothing but statistics you know your guests better. So feel free to change the numbers as you see them.
How To Buy A Case Of Vintage Wine
One of my friends only buys full or half cases of a single vintagehe rarely buys individual bottles because having a complete, unopened case helps him prove its provenance, allowing him to resell his bottles for a higher price than the individual bottles would sell for. No matter what your plan for your case of wine is, here are some tips to help you get started:
Also Check: Where Can I Buy Seven Sisters Wine
Introduction To Liquor Cost
Liquor cost is an important metric that every bar manager should track. At its simplest, liquor cost is the price you pay to purchase alcohol from distributors. Liquor cost is also referred to as pour cost and beverage cost.
You’ll often see the terms put together as well, like liquor pour cost. We’ll use all these terms interchangeably through this guide.
It’s important to note that liquor cost refers to more than simply the cost you see totaled on your invoices.
The important number is your pour cost percentage, the ratio of liquor costs compared to your liquor sales. Your liquor pour cost percentage equals the dollars taken out of your gross profits from sales.
It’s important to keep your pour cost low, because the higher the cost the less profit you make. And your pour cost percentage is a variable cost you have significant control over, unlike many fixed costs you have less control over for overhead or rent.
How To Ship Wine
If you have already purchased wine and you want to ship it, you are out of luck. Any means you have available to you would be illegal. Unless you can sweet-talk a local wine store or a wine delivery service like the ones in wine country mentioned above.
If you have not already purchased wine to send, hooray! You can buy wine from any licensed retailer and have it shipped. Some local wine stores will ship wine for you, but the easiest way to send wine is to order online, whether through a wine store like Wine.com or a wine of the month club.
Recommended Reading: Does Food Lion Have Wine
How Many Cases Of Wine In A Pallet
There is an average of 56 cases of wine in a pallet. That’s a whopping 672 average 750ml bottles in a single pallet. It’s also more than two full barrels of wine. You could even fill 3,375 wine glasses with that amount of wine.
If you order that much wine in one go, it’s important that you have a large enough wine cellar to store it all. Make sure you maintain the correct wine storage temperature and utilize the proper wine cellar lighting. You don’t want to have 600+ bottles of wine go bad on you and eat up your bottom line. A wine cellar app helps.
How Many Cases Of Wine In A Barrel
There are about 25 cases of wine in one barrel. The standard wine barrel is 60 gallons and can fill 300 standard 750 ml bottles. That’s equivalent to a total of 1,500 glasses of wine.
Bottle sizes may be different for different varietals. If a winery uses another bottle size, this will change the cases produced. A pinot noir is unlikely to be in a large bottle while a champagne might be. Plan for these numbers to change based on the wine you’re looking for.
Larger bottles are often used for small-batch vintages and for the highest-end wines. Magnum bottles are 1.5 liters, so a barrel would only produce 12-and-a-half cases of wine. Jeroboam and Rehoboam bottles are so large that a barrel would only produce 5 to 6 cases.
Don’t Miss: Good Snacks With Wine
The Benefits Of Buying Wine By The Case
Buying wine by the case can be profitable for collectors in part because retailers often offer discounts for bulk purchases. I once bought a full case of 2015 Chateau St. Jean Cinq Cepages for less than $900. I would have paid nearly $100 more if I had purchased the 12 bottles individually.
The amount of money youll save buying wine by the case varies depending on which retailer you shop with and whether that retailer is offering any additional discounts or reduced shipping fees. For example, I like to buy cases of Champagne around the Christmas season because many retailers offer free shipping. Since this is a popular time of the year to drink Champagne, some retailers also reduce their prices in order to stay competitive. Im usually only able to get a ten or 15 percent discount on a case but even this small cost savings makes the process worthwhile. Even without a discount, a case of high-quality wine that has aged for a few years usually sells at auction for a much higher price than it originally sold for. Full cases of excellent wine with perfect provenance are highly sought-after.
A case of wine keeps everything in one spot and prevents you from opening any of the bottles prematurely.
While there are many advantages to buying wine by the case, there are a few downsides youll want to keep in mind as well. Below well talk about how to tell if buying by the case is the best idea for you.
So Who Offers The Best Wine By The Case Deal
Once we narrowed our list down, things got interesting. There are a good number of online wine sites that fit a few of our criteria. There are nicely designed sites that are easy to use, but they sell really bad wine. There are sites that probably sell good wine cheap, but we couldn’t even figure out how you place an order. Then there are the sites that make you think you are getting some good wine cheap until you hit the checkout. Suddenly, there are shipping and handling fees that cost more than the case of wine does.
After discarding those sites, we were left with two nice options that fit our wine by the case requirements.
These are branded wine clubs that seem to share a similar fulfillment company. The best deal is only available when you first sign up for their wine by the case club, so you can figure out how to make this work in your favor.
We do use affiliate links in this article about wine by the case deals. We stand by these recommendations, but we will be compensated if you order. Want more info, read our disclosures
Read Also: How To Make Glasses Out Of Wine Bottles
Information Collected And Received
Vendeze may collect or receive information about each person who registers with the Vendeze website and/or applications including, but not limited to, user name, password, first and last name, email address, street address, gender, occupation, and interests. Vendeze also collects information on the pages you access and other information you may volunteer, such as survey information. Vendeze may also collect user location information, as further described in the “Global Positioning System” paragraph below.
Reality Of Wine Prices
Wine prices are a lot more pre-thought-out than you might realize. There are different pricing segments for wine, which include words like ultra-premium,popular premium, and super value. Lets take a look at these categories of wine prices and understand what to expect based on what you spend.
How much should we expect to spend on decent wine? After researching wine pricing segmentation and observing pricing from major retailers online, weve come to the tentative conclusion that wines with typicity are much closer to $15 a bottle . Also, if you want to buy a bottle of something hand-crafted, its hard to spend less than $20 for wine from a small-production winery.
Prices are going up
You can thank inflation for the cost of premium wine going up into the 15-dollar bracket. Fortunately, because the United States still has a strong dollar, there are some good values from economically stressed wine areas and off-beat varietals
Recommended Reading: Where Can I Buy Seven Sisters Wine
How Much Is A Case Of Wine
That depends. Cases are found and assembled across many price points, but you should plan to spend at least $100 for decent quality.
If that sounds like a lot, remember youre getting a dozen bottles of wine thats less than $10 per bottle!
To get a target case price, multiply the price of your usual bottle by 12. This will get you a case of wine slightly above the quality that youre used to since youll be getting a case discount. Heres a general idea of what youll get with a 10 to 20 percent discount:
Under $100
Value-driven wines, with an average bottle price of $10. You could put together a decent pack of simple, easy-drinking, party wines for this price.
Around $125
Value-driven wines with a bit more diversity, with an average bottle price of $12. Opt for a few $8 to $10 bottles, and you can add in a few $16 to $18 bottles to explore something new too. For the most part, these are bulk-made wines, but that doesnt mean theyre low quality.
Around $150
Good-quality wines, with an average bottle price of $15. Get a few Douro red blends around $10 and you could spring for the $20 or Etna Rosso. Choose lesser-known regions and more affordable wine countries for the best value.
Around $200
Very good-quality wines, with an average bottle price of $20. You could probably add in some classics, like or , and still get excellent bottles from less expensive regions like the , the , or . This is the sweet spot for great quality wine at a great value.
Around $300
Around $500
Why Wine Costs What It Does
- Read in app
LAST year, when Paul Hobbs, a California winemaker, was about to release his 1999 Beckstoffer cabernet sauvignon, lots of things were going through his mind. He had investments to pay off and a reputation to build on the wine, but he was also facing a market that had softened tremendously. It was up to Mr. Hobbs to determine a retail price that would let him pay off some debts and draw the attention of serious wine drinkers, yet be low enough that he could actually sell the wine, not just this year but for vintages to come.
Mr. Hobbs thought long and hard and decided: $135.
Why does one bottle of fermented grape juice cost $135, and another just $15? Americans consumed 14.9 million cases of California cabernet in 2001, according to a study by Impact, a trade publication that tracks the wine industry, and customers in a wine store, faced with walls of bottles that range in price from the low end to the high, confront the question every time they shop.
”It’s definitely more art than science,” said Mannie Berk, the owner of the Rare Wine Company, an importer in Sonoma, Calif. ”It’s finding the right point in the market where you’re priced appropriately in relation to other wines that are similar in stature and style and level, where both merchants and consumers will be eager to buy the wine.”
Mr. Miller added: ”The thing you’re paying for as you move up would be prestige, scarcity and to some extent intensity of flavor.”
Recommended Reading: Diy Pallet Wine Rack
How To Price Cocktails
Using the per ounce costing calculation from the previous section you can quickly find out your pricing for the base spirit of your cocktail. But there are other ingredients to consider when pricing cocktails.
Fresh Juices
If you’re making a fresh juice like pineapple juice, you will have to do some testing to see how much juice you get on average from a single pineapple. With fresh produce, there will always be some variance in how much juice each item yields, so an average amount is your best bet.
Account for the cost of each individual item, or the cost of produce purchased in bulk like lemons and apples, and find out your juice cost in the same manner you find out your liquor cost.
For example, if 8 pineapples yield 2 quarts of pineapple juice, and each pineapple costs $1.00, then 2 quarts, or 64 oz. of pineapple juice costs you $8.00.
So, use the liquor cost formula from above and take 8 / 64 = .125, or 12.5 cents per ounce of juice.
Say you use 1 oz. of pineapple juice in your cocktail, then you would add 12.5 cents to the pour cost of your cocktail. Still pretty simple, right?
Customer Base
Your customers are definitely an ingredient in your bar or restaurant’s success. Understanding what your customer base is willing to pay for a drink will help guide the types of cocktails you put on your menu. If your bar caters to the beer and shot crowd, then a $12.00 cocktail might be laughed at.
Engineering Your Cocktail Menu
Case Of Wine: Everything You Should Know
A bushel of wine, a peck of wine, a case of wine?
There are so many different options for purchasing wine that it can quickly become overwhelming to determine what you should order. You don’t want to order too much or too little for the bar.
There is the expectation that a good bar owner understands the quantities involved when purchasing supplies. Unfortunately, wholesalers may not adequately explain the differences between products and quantities.
We’ll walk you through the most important facts about cases of wine and get you back to ordering.
Read Also: Mogen David Concord Review
Tip #: Research The Wines Value
Once youve determined that the case is authentic and in good condition, you should confirm that the retailer is asking a fair price for it. Mobile apps like the Vinfolio app and websites like Wine-Searcher provide the latest market information and can help you decide whether the case is priced accurately. Buying wine by the case wont always be cheaper than buying the bottles individually, and older cases of wine may be more valuable because the case is intact and the provenance of every bottle is the same. Youll want to be wary of cases being sold at a significantly higher price than theyre worth or for much less than the current market price. A 15 percent discount on a full case is reasonable, but a 40 percent discount is probably too good to be true.
