Bar Business Plan

Bar Business Plan

One popular type of small business that many people like to try out is to open a bar. Bars are usually locally owned, though there are some ... 2:19 PM

One popular type of small business that many people like to try out is to open a bar. Bars are usually locally owned, though there are some chains out there. The chains are the exception though. If you want to try a bar as a small business opportunity, you have to come up with a good bar business plan before you go into the bank to try to get some financing. There are many different types of bars out there, so know exactly what you want to do and where you want your business to go before you write up your plan. There is plenty to think about in this direction.

When writing your bar business plan, you have to think about what type of bar you want to open. There are many, many different types, and what you choose will then give you more to think about when filling out your business plan. This will dictate the size of your bar, how many people you hope to have each night, what you want to have for inventory, and also what type of people you are going to have to hire and retain on staff. This will also dictate where you want to open and how many days and nights a week you will be open. Some types of bars do better on particular nights of the week.

If you want to open a bar that is more like a dance club, your bar business plan should reflect this. You want to have a larger space, as you want to have a larger crowd. The more space you have open for dancing, the more people you can draw. You also want to make sure you have a plan for a DJ and also you have to decide if you want to serve food. If so, do you want a restaurant type of setting or a simple bar area for easy foods that do not require a lot of preparation or time to eat.

Another type of bar you may want to open would be a bar that features live music at least a few nights a week. This type of bar has many variables. You have to have enough space. Many bars make the mistake of trying to fit a band into a bar that simply is not big enough, leaving the bands and the people attending frustrated with lack of space. Business will fall off eventually as people will find more comfortable places to go see live bands. You also have to decide how many nights a week you want to have bands and what you will want to do on those other nights to keep attendance up and to keep the bar turning a profit. These are key points in this type of bar business plan.

Lastly, you may want to have a bar that is more upscale and a bit more laid back. This type of bar as a more expensive dcor and will be for the patron that may be out to meet someone special but does not like the average bar atmosphere. They also want to avoid loud bands and loud dance music. They may be more into sipping a martini than doing shots of liquor. This type of bar business plan may very well include a fine dining restaurant as well that can help keep profits up and gives the customer an entire night of entertainment rather than just some drinks.