Struggling with how to structure open bar with cocktail hour and reception. We are leaning towards setting a monetary cap, and when it's reached it switches to cash bar. The monetary cap would either include all booze or just beer, wine, and signature drinks (the latter option lasting longer obviously).
My question: For those who had an open bar only for the 60-min cocktail hour....how much did it run you? Did you set a monetary cap? How much was it and how long did it last with your guest count?