How to Make Money Opening a Bar - King Know

Post Top Ad

Saturday, February 16, 2019

 How to Make Money Opening a Bar

Opening a bar to make money, but it is very difficult: you have to think about this project before starting and moving to work in this business if you want to succeed .

You will need patience, motivation, money to invest at the beginning, experience managing a bar and if you 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 a successful bar can be very rewarding.

In this article you will find the steps involved in 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 at the busy time and then come back 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 choice, consider that you will be able to visit your local area. Start to think about the menu: Depending on what you want to eat, drinks and cocktail menus.

3. Your business plan

You have to consider the amount of money you want to invest, with relation to the rental, theme and future income statement. You also need an accountant and interior design or architect. Your business plan is also used for your business, so be sure to arrange everything.

4. Decide the location

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

5. Select and purchase furniture

Tables, chairs, diapers, bar stools: if you need some help hire an interior design. Your furniture should be done with your chosen theme. Think about audio, lighting and all other electronics for you bar. Set also computer systems for sales, orders, stock level

6. Licenses

You must apply for a permit to serve food, a permit to serve alcohol, and a permit to serve food.

7. Staff Bar

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

8. Entertainment

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

9. Opening of your bar

You can 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 !!!

Source by Erik Emanuelli

The post  How to Make Money Opening a Bar appeared first on Tica Tica Boom.


No comments:

Post a Comment

Post Top Ad