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Bar Business will keep coming and coming, night after night
Background information about the Bar business:
Bars have proven to be, no matter how the economy is, a money maker year round. When people refuse to spend money on other things they will still spend it on alcohol. No matter where it is located, a bar will always draw people in, many who will become nightly regulars.
Pros of the Bar Business
- As long as a bar is run by the books it is almost guaranteed to make profit.
- It will also allow people to meet a variety of different and interesting people and can become a social hot-spot for all kind of different events in the community.
Cons of the Bar Business
- Location is an an issue. Good locations are expense. If other bars are near your own, they will naturally try and compete. This might draw customers out of your bar and over to theirs, hurting profits.
- When people drink to much they, well you know, and violence between customers can come in to affect causing problems with police.
Licensing or Special Requirements for a Bar
You will need to be certified to sell liquor and food. A liquor license and a license to sell food will be required by law to run a bar. These are the two absolute necessities for anyone who owns and runs a bar.
Getting Started in the Bar Business
One will need to purchase a building big enough to house a bar and have enough area for customers to sit and mingle. How large of an area depends on how big one wants there business to be. You could make room for dancing, bands, disk jockeys, or extra pool tables. Its up to the bar owner.
Minimum Start Up Cost
A bar can be one of the most expensive businesses to start, but one of the most likely to earn you your money right back.
There are many, many different items one must purchase when starting a bar. The equipment to put in the bar itself will cost quite a bit. Then all the liquor and beer, the beer tabs, coolers for the beer, it will cost a lot, but a quick turn around on business will be seen.
If you are looking to start a decent bar, you can expect to spend at least $100,000.
Minimum Start up Equipment
This is a long list. If one has the actual bar in place, then there is simply a variety of other expenditures. Bar stools, tables, chairs, televisions, juke box, dart machines, pool tables, are just a few of the necessities of any bar, not forgetting all of the liquor and the glasses you will serve this in.
Optional or Advanced Equipment
A lot of optional equipment comes from people desiring to decorate the bar with liquor brand merchandise. Any other gaming devices in the bar is also up to the discretion of the owner.
Hours of Operation
For a bar that doesn't sell food, there is not much of a need to be open much before 6 at night, as there wont be much of a crowd during the day. However if a bar does sell food it is important to be open early enough for a lunch rush. When it comes to closing times, most bars typically close at 2 am.
Minimum number of people required to operate a bar
Smaller bars don’t need as many people to manage it. A number as small as 7 or 8 may be sufficient. However, larger bars or bars that serve food may need as many as 12 to 15. A bar should also have as any as 2-3 managers to split up the work load.
Important Point To Keep In Mind
See Also: How to Start A Business : Business Idea of The Day
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