A lot of people see the cash bar option as a cheap alternative to hosting everything. Sometimes, it does actually work out that way, but we’ve also seen where offering a cash bar to your guests ends up costing you more money. See the following examples and how they usually play out.
You want to host beer and wine and just have your guests pay for mixed drinks.
Verdict: This is not always a money saver. Many of your guests will switch to the ‘free stuff’ when they are forced to buy their first choice.
You want to host the first hour, then go to a cash bar for everything.
Verdict: This usually turns out to be a money-saver.
The downside: EVERYONE pays for their drinks after the first hour even the wedding party, your parents and you.
You want to give out limited drink tickets to your guests, and anything they want over and above that, they’ll need to pay for.
Verdict: This also can be a money saver.
What to watch out for: Don’t bring more tickets than you’re willing to pay for. If everyone ends up using tickets all night long, this will cost you more than hosting the evening.
Even with a cash bar there are some costs you’ll incur. The price for a one-day liquor permit is $100. You’ll also be responsible for the cost of the bartenders, rental bar and you’ll also have to guarantee the bar will take in a predetermined amount of money.
If you set up an appointment with Jim, he’d be glad to quote your event with and without a cash bar. cash bars take time and must be planned several months in advance.