The financial district will be home to Toronto’s first stock exchange-themed restaurant and bar, where drink menu prices will fluctuate based on demand throughout the day.— named after the stock ticker for cocktail — will be Ontario’s second restaurant inspired by the stock market. With its official opening date on Friday, the establishment is just steps away from the Toronto Stock Exchange tower at 330 Bay Street.
“We’re here to set standards, not follow trends,” said John Ko, mixologist and the restaurant’s beverage manager, of their drinks menu.The concept is simple. When guests place their drink orders, the software takes data directly from the order servers punch in to a tablet point of sale — which they will have on-hand while taking orders — and according to that, the prices on the various ticker screens will either dip or rise.
“I do have the capability to set the minimum that fall into, and as long as that minimum reaches the bare line of what we can afford,” Ko said. “For example, there’s certain draft beers that all start at different prices because not all beer prices are linear.” The Black Market Manhattan for example, Ko continued, is smoked in a wooden box and the chocolate-coffee liqueur that goes into that drink is made in house using cacao nibs and goes through a three-day process.
“Drink items … do not change as fast as food items do,” said Cooper. “Food items change on a daily basis, liquor, wine and beer prices change on a quarterly to a yearly basis … I do not see an establishment being successful in Ontario whereby they change the price multiple times a shift for food.”When asked about the sustainability of the current business model given fixed expenses, Shah said they
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: globeandmail - 🏆 5. / 92 Read more »