Partender - Bar Inventory, Ordering, and Accounting in 15 Minutes

📍 San Francisco, United States🗓 Founded 2012👥 15 employees💰 Last funded Aug 2016
Food and Beverage Services🌐 Partender.com
Website LinkedIn
Partender is a business tool that reduces the time it takes owners and managers to do bar inventory from a frustrating 6-24 hours to 15 minutes or less. We do this by digitizing this crazy, archaic paper-pen-clipboard process into a few taps and swipes on iOS & Android. And because Partenders so fast, our customers doing inventory just once-a-week have increased their bottom lines by 6-8% in under 3 months. Like the retail industry, the restaurant industry moved into the 21st century with SKU numbers that automated point-of-sale (POS) systems with supply-chain management. Unfortunately, the bar industry is still stuck in the 19th century. To make matters worse, Bevinco (a bar & eatery auditor) estimates that each bar loses 18-31% (or an overall industry average of 23% per bar) of its inventory to ”shrinkage,” which is a loss of inventory that is not sold. This loss is due to theft, over-pouring, bottle breakage, spillage, and more. That’s almost 1-in-4 drinks, and could be a bar’s profit margin for the year. In addition, research shows that bar managers order less alcohol from distributors after completing inventory because of shrinkage costs. Because the current process of doing liquor inventory takes so long, it’s only done once a week at most. This leaves bars not knowing what their inventory consists of on a daily basis, and leaves them vulnerable to running out of stock before the next reorder. Partender hopes to change this. By providing an easy-to-use app interface in which a bar manager can slide his or her thumb across a virtual bottle to accurately measure liquor levels, Partender reduces the time it takes managers to inventory from hours to minutes, making bars virtually 100% accountable for their inventory. For more information, schedule a free demo here: https://partenderinventory.acuityscheduling.com/schedule.php?
5
Total investors
3
Early stage
2
Mid stage
0
Late stage
2012
Founded

Investors

5 investors
All
Early stage
Mid stage
Late stage
Investor geography1 country
United States
5
Investor activity2012–2016 · investors recorded per year
20121201422015120161
Recent (last 2y)Earlier
Frequently asked questions
Who invested in Partender - Bar Inventory, Ordering, and Accounting in 15 Minutes?
Partender - Bar Inventory, Ordering, and Accounting in 15 Minutes has 5 investors on record on gritt.io, including 3 early-stage backers, 2 mid-stage.
When did Partender - Bar Inventory, Ordering, and Accounting in 15 Minutes last raise funding?
The most recent investment in Partender - Bar Inventory, Ordering, and Accounting in 15 Minutes recorded on gritt.io was in August 2016.
When was Partender - Bar Inventory, Ordering, and Accounting in 15 Minutes founded?
Partender - Bar Inventory, Ordering, and Accounting in 15 Minutes was founded in 2012.
What industry is Partender - Bar Inventory, Ordering, and Accounting in 15 Minutes in?
Partender - Bar Inventory, Ordering, and Accounting in 15 Minutes operates in Food and Beverage Services. Find similar Food and Beverage Services investors on gritt.io.
Where is Partender - Bar Inventory, Ordering, and Accounting in 15 Minutes based?
Partender - Bar Inventory, Ordering, and Accounting in 15 Minutes is headquartered in San Francisco, United States.