Aug. 1, 2012
-- After reporting a 51 percent revenue increase in the first quarter of 2012, Bar-i Intelligent Inventory is now reporting that through Q2, year-to-date revenue is up 52 percent. The Colorado based liquor inventory firm specializes in providing bar inventory software and liquor inventory services to business minded bar owners and managers. In the first half of this year alone Bar-i Intelligent Inventory has increased their client base by around half and are performing setups for new clients weekly. Having recently increased their staff as well as expanded their marketing reach outside of Colorado, co-owners Scott Douthitt and Jamie Edwards are positioning themselves to perform even better over the coming months.
Over the past 2 years Bar-i Intelligent Inventory has found success selling and providing bar inventory software to over 40 bars in Colorado but the accelerated growth of the past 6 months has Douthitt and Edwards hopeful and encouraged for the future. “With the economic downturn of 2008 and subsequent changes in staffing and attitude towards finances, Jamie and I found ourselves in a unique position to start a new business”, says Douthitt. Himself a former bar manager at well known Vail bar, Douthitt was well aware of the obstacles faced by bar owners and managers when managing liquor inventory. With the addition of Jamie Edwards who brought financial and programming expertise from financial services consulting firm Oliver Wyman, Bar-i began with a strong foundation of expertise in finance, programming, and the hospitality industry.
Initially offering a full service liquor inventory system that required a Bar-i employee physically audit a bar, the owners began to realize that such a model limited the firm to Colorado based bars. This is why in 2011 the firm decided to offer a hybrid version of their liquor inventory software that bars nationwide the same benefits of the original system. Bar-i owners attribute much of their recent growth to the addition of this new liquor inventory software offering. “We are able to reach more bars with no loss of quality all the while keeping expenses down for bar owners and managers”, says Edwards. On average the cost of the hybrid systems is roughly half the cost of the original full version without compromising any of the value provided by the full version.
With constant improvements to their liquor inventory software and growing aspirations, Bar-i Intelligent Inventory looks to be headed in a positive direction. The owners have recently increased their marketing area after a great deal of research. With areas such as Phoenix, Arizona on the Bar-i radar it would be no surprise to see this growth in revenue continue and multiply. “We are highly ambitious and excited to give bars the opportunity to use our liquor inventory software to save time and money”, said Bar-i employee James McCreery. Who knows what the future holds for Bar-i Intelligent Inventory but if the recent past is any indication it will be a very bright future.
For more information about Bar-i and their liquor inventory software visit http://bar-i.com/