Bars are an exciting business to own, but it can sometimes be difficult to break into the scene. You have to think about what people are looking for in an area, and that of course is going to change from time to time. Think about the popular television show Bar Rescue and how the show is focused on helping once very popular bars and clubs reinvent themselves once again.
One of the things you need to know first is that you’re going to have to continuously invest in your bar. That shouldn’t be surprising, as all businesses require that owners reinvest some of the profits. If you’re going to start a bar in Canada, do you already have an idea as to the type of bar? It’s better if you first pick a location and then tailor the bar to the location not vice versa.
A sports bar is always a good idea because people love their sports. It’s easy entertainment, as all you have to really do is put TVs up throughout the bar and maybe some sports memorabilia and equipment. Televisions grab people’s attentions and can help keep the noise in the bar down to a certain level, too.
Maybe you don’t necessarily want to run a sports bar, but instead you want to open up a rustic country tavern for all those Canadian hunters. Or, maybe you want to own a bar in the city that more resembles a club when things really get going on a weekend night. Do you research about the area in which you plan to open the bar, and make sure you ask prospective patrons what they would like to see. Popularity for a bar is everything. You either have a following, or your bar is going to be deader than a door nail.
One of most people’s dreams is to own a bar because of all the enjoyment and profit and most especially the social benefits. However, a bar as relaxed as it sounds carries all the same responsibilities as any small business such as dealing with unhappy customers and long hours of opening. Before you open your own bar, make sure that you have all the experience in running one, funds, and an amazing stuff that will make your business succeed.
Most liquor license can cost you a few dollars but it won’t surely break your bank. Getting one might be your one big problem. Depending on your location, getting a liquor license can take a year so start with this process as early as you can. In some communities, you might need to take over a bar to get its license because they only grant new liquor licenses when the town’s population increases or they only give out a certain number of liquor licenses in a year.
Before you open a bar, you must first decide on what type of bar do you want. Will it be a nightclub or s sports club? Make sure to work out on a business plan as well. Marketing research is the most important part of any bar business plans. Look at your competitors and find why people opt to go there, their weaknesses and strengths, and think of a way on how you can improve their service if the business is yours. You also need to scout on a good location to find the perfect area for your bar.
Opening A Bar Business can be easy as long as you have gained some experience in the alcoholic beverage service industry. Without this, your bar might not have the chance to succeed. This is because you are not only competing with other bars but with other entertainment industries as well so you need to see to it that you are experienced and committed before you try your hand running a bar.
Bars are viewed as a socialized place for drinking in instinct. If you think you can own a business that requires socializing with your customers, then the bar business is fitting for you. Today is the time to start your new business. At first hand, you have to bring yourself into the details of opening your business. The following are pointers on starting your new bar:
Types of Bars
Know what type of bar you would like to pursue, this helps you identify the startup costs and setting you’d like your bar to be:
* Neighborhood Bar –this a bar that gives you the feeling of home with light servings of side dishes and an earlier schedule
* Sports Bar – focuses more on visual presentation and presence of gaming equipment
* Brewpub or Beer Bar – brewing your own beer and serving ‘only beer’
* Specialty Bar – a wider variety of drinks.
* Night Club–it can be classified into three: cocktail lounge, mid-sized club or large dance-club
The Business Strategy
Once you choose your specific bar type, it is now time for the technicalities. Find your location and project the expenses expected to be used as your starting fund. Hiring your staff is also very critical as they will serve your customers most of the time. When interviewing people, be aware of their credentials and personality as it can affect your business in the making.
Bringing into the picture, you should be mindful of the legal papers needed for your bar, acquiring licenses and permits before stocking your inventory should be prioritized. It will help you avoid any impediments in the future. Once you are set with all your supplies, equipment, and people you are ready to bring yourself into the scene of opening a bar business.