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How much money does the alcohol industry make each year

Whether you run a restaurant, bar or grocery store, selling alcohol can be quite profitable. In fact, the most profitable restaurant in America inTao Las Vegas, makes 75 percent of its income from alcohol sales. However, many establishments are significantly limited in the amount of revenue they can make from alcohol because of legal restrictions that govern the sale of drinks. Unlike many other entertainment expenses, alcohol sales even tend to thrive during most recessions. According to Bloomberg Businessweek, most restaurants try to make alcohol sales account for around 30 percent of their revenue. Restaurant, bar and grocery store owners often use that estimated percentage of revenue as one factor in pricing their drinks. The more a business hopes to make from alcohol sales, the more expensive its alcohol. In addition to the desired percentage of revenue, owners of establishments that sell alcohol consider the price of the alcohol and the competitions’ prices when pricing thei...