Running a Bar For Dummies (For Dummies Series) [Ray Foley, Heather Dismore] on tvnovellas.info *FREE* shipping on qualifying offers. Get insider details on. How to run a bar boiled down to 16 all important tips. Whether you're an experienced bar owner or manager or whether you're new to bar ownership, you need. Read on these online step by step guide to find out why opening a bar is the perfect start-up business for you and how to open it!.
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Running a bar isn't for the faint of heart. Besides the daily needs of running a bar — for example, what condiments to keep behind the bar and what to put on the. Running a Bar For Dummies, 2nd Edition shows established and future bar owners how to establish and maintain a successful business. Using clear, concise. published works include such titles as Running a Restaurant For Dummies,. Jewelry Making & Beading For Dummies (both published by Wiley), and most.
Looks like you are currently in Ukraine but have requested a page in the United States site. Would you like to change to the United States site? Ray Foley , Heather Dismore. Running a Bar For Dummies, 2 nd Edition shows established and future bar owners how to establish and maintain a successful business. Using clear, concise language, this For Dummies guide contains all the information you need to start your bar off on the right foot. From grand opening to last call, you'll discover the insider tricks that keep the business end running smoothly and the customers happily engaged. With updated information on marketing and social media, the book walks you step by step through the entire process, revealing the nitty-gritty details most new bar owners only discover after starting.
You can get all the information you need on their website. As a bar owner, you are expected to keep all the records of all the alcohol you receive from suppliers. You need to have the date and quantity of everything you receive and the name of your supplier.
You know your place is awesome. If your bar does not have a Facebook page these days, it is basically non-existent. Make sure you have created a custom page header that fits in the style of your bar; have some cool, high-resolution pictures of the menu and interiors in the albums; opening hours and location on the map stated.
To grow your social media following, offer some small perk for customers who will like your page on FB or follow you on Instagram e.
While attracting journalists and media might be a little tough for a small bar, inviting a few popular online personas bloggers, vloggers, instagrammers etc to live cover your big night may bring you the same buzz levels. And attract journalists afterwards. Reach out to your local media, covering lifestyle and restaurant business, in advance offering an exclusive sneak-peek inside your venue.
Equipment requirements? How will you keep track of your financial goals and checkpoints? How much should you be saving?
How much can you spend on rent? How much, roughly, will initial renovations cost? Here, your location search must extend beyond floor plan requirements and return to the idea of fit. In thinking about proximity to your competition and importance of foot traffic, there are different factors that must be considered when deciding what is most important to you.
Keep in mind the spatial requirements that you laid out in your business plan; looking for a space that was previously a bar can cut down your renovation costs, but beware of Bermuda Triangle spaces and try to scope out why the last bar failed i. Chris says—absolutely not.
When he opened Summers in a less developed area of South Williamsburg, which at that time was absolutely nothing like it is today, his bar was pretty much the only bar around and there was only one other trendy-type coffee shop about a block away. Websites like Loopnet or Craigslist are great places to look too, exhaust all of your options. Ask your fellow restaurant and bar owners in the area who they use for legal representation, as this relationship could end up being vital.
If it could potentially take five years for you to break even, a five-year lease will swallow your finances before you have the chance to become profitable.
Finally, try to negotiate a few months of free rent with your landlord for buildout tip: a close relationship with your landlord, perhaps even knowing them prior or having a connection of some kind before you begin renting will make your life much easier. Especially if you plan on making improvements and investing significant capital in your space, you have leverage to justify a few months of free rent.
Point being, emphasize that you are a respectable business owner who will take responsibility for future issues and will maintain an open dialogue about their concerns — and follow through on what you promise. Then, after a year of successful business and a clean record to show to the community board: apply for the full license Remember the liquor license is tied to the place, not the owners.
Standard procedure in New York is to submit your license application 24 hours after you sign the lease. If possible, seek out a business partner or investor with high net worth to provide the financial backing because they are passionate about your concept. Note: If your bar is also a restaurant, the Small Business Administration may have loans available that you could qualify for.
Convertible debt functions as a synthesis of debt and equity financing; you receive a loan and your investors agree that the loan will either be repaid in the future or converted into equity, perhaps after the business has reached a certain valuation. For both types of investors, those that choose to convert and those that do not, you will need to set an interest rate so that you can repay them until they convert or the loan is repaid.
Find out if you qualify for financing from Bond Street. Typical pitch decks use a presentation program like PowerPoint; clarity and concision are essential, but you also need to incite an emotional response in your audience through the story that you tell about your bar. If you can make them feel inspired or moved, chances are far higher that they will invest.
Your deck is essentially your business plan distilled down to the most essential points.
Next, delve into your concept and focus on differentiation in the industry; talk about why the neighborhood will benefit from what your bar will bring to the table and how it will avoid being usurped by the hundreds of other bars.
Tie this to your target demographic of consumers and the traction of your customer base. You need to address your competition and the general market that you are entering and then, finally, pitch how much money you are looking for and with what terms. Creating the atmosphere of your bar and developing the space should be the fun part of your start-up process; if you really honed in on your vision and concept, most of your planning has already been done.
Once you have your floor plan, look at what your space already has—does the kitchen fit your needs, is there enough space, what needs to be built, do the bathrooms need to be gutted—and then start deciding what needs to be done before you can open for business. The design of your space has to extend to smart utilities: every detail from picking the right HVAC system to type of lightbulb will affect your operating costs.