Website Screenshots by PagePeeker How to Make Money Opening a Bar – Heres The Answers

How to Make Money Opening a Bar


Opening a bar could be a funny way to make money, but it is very tough: you have to think very well about this project before starting to move and you must be prepared to work hard in this business if you want to succeed.

You will need patience, motivation, money to invest at beginning, experience managing a bar and if the location varies requires it, you will need a liquor license. Also remember that on average 90% of restaurants and bars fail in their first year. Of those who survive, 90% fail in their second year. But if you win, the fact of own a successfully bar can be very rewarding.

In this article you will find the steps involved in opening a bar and the tips in order to succeed.

1. Visit some successful bars in your area

Buy a drink in each one and take notes on what you like and what you do not like. Take a look also at the busy time and then come back later at a quiet time. Familiarize with the laws, regulations and other requirements in the area where you wish to open your bar.

2. The theme in your bar

This is probably the most important decision you have to take. To help your choosing, consider that people tend to visit bars close to where they live and take a look to the competition in your area. Start to think about the menu: depending on what you will offer you might have food, drinks and cocktail menus.

3. Your business plan

You have to consider the amount of money you want to invest, with relation to the location, theme and future income statement. You should also need an accountant and interior design or architect. Your business plan is also used to request finance (if you do not have enough money) from banks or investors for your new business, so be sure to arrange everything.

4. Decide the location

Before select the location for you bar, consider your potential client in the area and make sure you understand the competition in that area. Also, think about the trends and consider the more people in the area, the more clients you could attract. Be careful to choose your location in residential areas, because of the noise, there could have been some restrictions on operating for certain hours. Finally, look for vacant promises, for rent or sale, that can be suitable for your bar.

5. Select and purchase furniture

Tables, chairs, couches, bar stools: if you need some help hire an interior design. Your furniture should of course fit with your chosen theme. Think also about audio, lighting and all the other electronics for you bar. Set also computer systems for sales, orders, stock level and payments like salies and purchasing stock.

6. Licenses

You should apply for all the licenses that you need in your bar: you will have to get a permission to serve food, a permit to serve alcohol, and all your employees will need food handling permits.

7. Bar staff

This includes bartenders, floor staff, security and dj It is very important to hire experienced people, go to personnel agencies if necessary. Consider that the amount of employees you will need depend on the size of your bar. Create your working procedures that the staff has to follow, as bartender service standards or envelopes depending on your bar theme.

8. Entertainment

Bands, dj's or any other entertainment you can offer to your clients.

9. Opening of your bar

You may choose to make a VIP opening, also for media and celebrities and why not, to your suppliers. Or you can directly organize the public opening party and that's all!

It is now time to make money and have fun with your new business !!!

AD2 (adsbygoogle = window.adsbygoogle || []).push({});

Source by Erik Emanuelli

Get the FREE eBook...
Enter your email address and click on the Get Instant Access button.
I agree to have my personal information transfered to MailChimp ( more information )
We respect your privacy

Leave a Reply

Your email address will not be published. Required fields are marked *