Like most venues, mine offers different packages (beer & wine only, house spirits, and premium spirits) at different price points depending on length of the open bar. Is the price per person the final price that I would pay or is it considered a deposit and FH and I would be responsible for any overages? These numbers are not accurate for my bar prices but are being used because of simpler math. Say a full open bar is $10 per person for the night and I have 150 guests. I would pay $1500 in advance for the bar cost. If the guests drank $1600 worth of alcohol, would we be responsible for paying the extra $100 at the end of the night?
I've never dealt with planning an event that has an option of open bar so I was a little confused with this. I've also been getting mixed responses depending on who I talk to and I'd like to get my bar budget settled as soon as possible. I appreciate the help in advance!