Thursday, August 25, 2016

What It Takes To Start A Bar Business

By Debra Graham


People usually dream of owning a bar for the social benefits, the profits, and the enjoyment, but a bar carries a lot of responsibilities just like other small businesses out there such as dealing with unsatisfied customers and long hours of work. You may also incorporate fun and entertainment to your place.

If you have the determination and commitment to succeed, then you will become one later on. You just need to be clear with your goals, has the willingness to reach out more clients, and know more the business. Before you open a bar Smithville TX, be sure to consider important factors such as your experience, adequate capital, and people you can trust through long hours of work.

Determine the competition within the location. Since there are lots of competitors out there, you need to set yourself unique and different from others to stay on top of the game. Prepare yourself for changes and spend time for shifting work schedules especially in the first two years of operations.

Make sure to secure your liquor license. If you fail to secure a license, there is a possibility that your operation will dry up because you cannot offer and sell liquors to your patrons. In some cities, these licenses are expensive. But, if you reside in a place where licenses are not that costly, you still expect to pay a penny for this privilege. Once you have obtained your license, be sure to keep it updated all the time.

Creating a business plan is also an important factor. Determine the demographics of your community and the patrons you are attempting to attract. Having this plan will also help you secure better financing which banks are hesitant to fund. If the locals you are serving have a lower number of drinks per night, consider serving food with liquor. This can be helpful to places where people leave earlier.

You should also look for a better location. Do not just jump up at a closed bar. As you can see, bars close for many reasons. Thus, look for a good area to start with. Find one that has a great proportion of young adults. When choosing a location, remember that parking is important if you are in a place where patrons do not tend to walk. Also, highway access is another vital thing if you want to attract more people.

Next is to choose an attractive theme. Basically, you do not have to spend more for the theme. You can consider a sports bar wherein die hard fans of basketball or boxing gather to watch the game during Sundays. Putting a widescreen TV in front of the audience is much better. Serve different liquors to make their experience more fun and entertaining.

If you prefer a place with live music or band, understand first your target market. Be sure to entice those that fits your theme. Typically, you may also incorporate piano and jazz music for quiet wine bars. On the other hand, naming your bar can be complicated more than you think. Thus, think of a unique name that is catchy.

It is best to make your venture visible to other people. It means, work on the floor, in the kitchen, and try to engage yourself in the operation. This way, you are able to determine certain things to apply to improve your customer service and your facilities.




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