A Few Things To Consider Before Opening A Bar
The idea of owning your own bar might have crossed your mind at one point or another. After spending a long day slaving away at the office, it can become an appealing idea as you knock back a few after work drinks. Who wouldn’t want to own a cool establishment where you can hang out with a group of awesome regulars, right?
Well, the majority of people sober up and let the dream slip away as they head home to prepare for another day of tedious office work. However, some decide to pursue their vision with a fiery passion the next morning instead. These individuals end up facing the harsh reality of the challenges placed before them.
If that happens to be you, there are a lot of things you’ll need to consider.
Plan For Success
Even fresh, new, successful bars find themselves on the bad side of revenue in six months flat, with a recovery taking years if they don’t close before that. Follow this outline to make sure your watering hole is a successful one.
Before venturing any further, ask yourself these questions:
- Your hours might be from 11am to 3am the next morning. Can you handle the long days until securing a hard-working staff?
- This job requires constant social interaction with patron and employees at the start. Is that something you will be okay with?
- What will be the theme of your bar? A sports bar where people come to watch games, a specialty bar with craft beers, a club for dancing, or a neighborhood bar resembling the one from Cheers?
The Next Steps
If you can dedicate the time and energy necessary to get your establishment up and running, and have a great theme to draw in the customers, the next step is to get the ball rolling.
You will need to pick a location, which can be anywhere. Just keep in mind what kind of crowd the area may draw in. Also, think about how the location might change the look of your bar. Will you buy the venue, or will you pay a lease?
Next, you will need to look into your state’s liquor license laws. Acquiring your license can be a lot more difficult that many think. Those in the Lone Star State, for instance, need a Texas alcoholic beverage commission lawyer to get the process started.
Legalities And Necessities
Your bar obviously needs a name, but that’s not all that goes into making your venture a successful one. The expenses of opening any business can be vast, leading many to take out a large business loan. That loan will go into covering :
- Legal services
- Equipment and fixtures
- Licenses and permits
- And inventory
You will also need to register yourself as a business. This will list your business amongst the rest in the state, like the ones seen on this Georgia Sec of State search. You can benefit from doing this search prior to choosing the name of your bar and ensure your name will be unique.
Just Before Opening
Now that you have all your legal ducks in a row, you need to make a few plans before actually opening the doors. Namely, promotional events.
That means setting up weekly specials to draw in the crowds as well as larger events to get your bar noticed. That could include prize giveaways, contests, or even live music. Nothing establishes steady business faster than steady deals and events.
Zachary Whatule is a super-connector with ManageBacklinks.io who helps businesses with building their audience online through outreach, partnerships, and networking. Zachary frequently writes about the latest advancements in the SaaS world and digital marketing.