You keep all the profits and the debt. Our friendly Irish bartender, with a brogue to match, serves patrons, and he may even take an occasional break to throw a round of darts with you. To help you figure out which way to go, and other specifics about finding the right location for your bar, check out Chapter 6. You have to balance the demands of a crazy work schedule with your personal life if you want to be part of both. Because of the incredible variety and range of wines available worldwide today, more people from all walks of life are interested wine. Look at the other chapters in this book for more detailed information about these topics and other important points to know about getting your bar going and keeping it running. Both have made my cup overflow.
And, of course, to Jaclyn Marie, whom I love the best, and Ryan Peter, who loves me the best. Talk to your banker, local government inspectors, and building inspectors for recommendations. Take a look at Figure 5-4 for an example of a sixmonth cash flow projection. In some areas, smaller restaurants 40 to 100 seats can get only this type of license. Find out what was there before and what has succeeded and failed.
Series Title: Responsibility: by Ray Foley and Heather Dismore. Hiring other people to help you steer the ship Hire an accountant early in the process of setting up your business. It warns you about the pitfalls and no-nos that every owner should avoid. Whatever your reasons, you can create a name that represents your vision and connects with your patrons. But for you to succeed, you need to have realistic expectations of the financial commitment and ramifications of running your own bar. Consider how you want to use your name.
If you need help deciding what kind of bar you want to run, take a look at Chapter 4. Others are high-back bar stools that help keep even the most lounging lizard in his seat. Instead, your product is packaged in many layers, from the music you play, to your furniture and lighting choices, to the beers you have on draft. And remember to watch all your costs from the start. It points the reader to plenty of resources and it's extremely reader-friendly.
If they have to drive past your bar, turn left at the next light, and then backtrack to get to you, they may not bother. Take a look at Chapter 15 for help on creating your own version of this exceedingly helpful tool. Table of Contents Introduction 1 Part I: Cheers! As with any professional, you can find great and not-so-great contractors. Words like bar, place, saloon, joint, lounge, bistro, café, bar and grill, grille, club, pub, tap room, manor, palace, tavern, inn, and sports bar can pair with a first or last name to finish it up. So make sure that you have them located in handy places with their current inspection tags attached. From the neighborhood bar to the local wine bar, opportunities in the industry have never been greater.
Getting Started in the Bar Industry 5. A little bit of time and money on your part will take care of these matters. From grand opening to last call, you'll discover the insider tricks that keep the business end running smoothly and the customers happily engaged. From grand opening to last call, you'll discover the insider tricks that keep the business end running smoothly and the customers happily engaged. Heather Dismore is a veteran of both the restaurant and publishing industries. Combining your professional and social lives The bar business is fun. You may also get an inkling about what kinds of services in the area might turn off your potential patrons.
You can use this information to look at infrastructure improvements or gauge the date of different construction projects to help you make an informed location selection. When you forecast your expenses, you anticipate every possible expense that you may incur, but you hope to reduce those Chapter 5: Putting Your Business Plan Together expenses and control costs as you actually spend the money. Figure out which class works for your business. We hope you have a fat bank account with more operating capital than you need. Everything starts with the local real estate market.
Your real estate agent should be able to help you find up-and-coming locations. For some people, running a bar is like giving a kid the keys to a candy store. You crunch numbers, make sales projections, watch labor costs, and so on, just like in every other business. Some of the most unusual bars are the most successful ones. Chapter 8: Setting Up Your Bar's Inventory. As an added bonus, we threw in a whole bunch of Web sites that are monumentally handy to the above-average bar owner, which you will likely soon be.