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Business Analysis and Startup Information
Bar or TavernThere are few businesses as glamorous as owning a bar or tavern. You'll be the proprietor of the establishment where people meet, greet and eat--and drink. It'll be a home away from home for some of your customers, and you'll be the ruler of this social roost. The profit potential for bars is incredible. By taking a $20 bottle of liquor, and selling it an ounce at a time for $1.50 and up, you can make as much as $192 per bottle. That's a whopping 800-percent return on your investment! Owning your own bar or tavern can mean long hours, meticulous attention to detail, giving up vacations and weekends, and sometimes dealing with unruly customers. But if you have a clear vision, do your homework, and learn the ins and outs of the business, it can also translate into a rewarding and financially successful enterprise. If you're friendly, outgoing, like people and have good business sense, you're already well on your way. Our step-by-step guide will help you turn your dream into a moneymaking reality. We cover the several types of bars you can open--neighborhood bar, sports bar, brewpub, wine and champagne bar, and nightclub--and how to get those bar stools filled with happy customers. You'll also discover how to:
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