While many have had the idea to start a pub business at some point, few
actually open the doors of their dream business. If you can get past all
of the struggles that could potentially come with this project, opening
a bar could be very lucrative business project. When you start a pub,
it is important to engage in some research and planning to make sure
that you pick the best location and theme for your business.
Step 1
Create a business plan for your pub. This includes doing research on the competition and the area. In the business plan, you will explain how you plan to make money with your pub. Outline the structure of your business and the business concept. For example, most pubs have some type of theme, such as a sports bar or an Irish bar. Include this information so that investors or lenders can evaluate your business concept for originality and plausibility.
Step 2
Register the name of your bar with the county clerk. Set up a legal business entity so that you can limit yourself from personal liability in case any customers file lawsuits against you. This is done by filing articles of incorporation or articles of organization with your state to set up a corporation or a limited liability company.
Register the name of your bar with the county clerk. Set up a legal business entity so that you can limit yourself from personal liability in case any customers file lawsuits against you. This is done by filing articles of incorporation or articles of organization with your state to set up a corporation or a limited liability company.
Step 3
Lease or buy a location to set up the pub in. When starting a bar, the location is one of the most important factors to consider. You need to find a location that gets a large amount of traffic and is close to areas that have a vibrant night life.
Lease or buy a location to set up the pub in. When starting a bar, the location is one of the most important factors to consider. You need to find a location that gets a large amount of traffic and is close to areas that have a vibrant night life.
Step 4
Obtain financing for your business if necessary. If you do not have enough money in savings to pay for everything, you will need to seek out financing from an outside source. This could come in the form of investors or you could get a commercial loan. Show your business plan to the investors or lenders and use it to secure the money you need.
Obtain financing for your business if necessary. If you do not have enough money in savings to pay for everything, you will need to seek out financing from an outside source. This could come in the form of investors or you could get a commercial loan. Show your business plan to the investors or lenders and use it to secure the money you need.
Step 5
Equip the bar with the necessary items to serve customers. You will need a
draft system, glasses, plates, silverware, furniture and a sound system.
You will also need appliances to prepare the food and to clean the
dishes for the bar.
Equip the bar with the necessary items to serve customers. You will need a
draft system, glasses, plates, silverware, furniture and a sound system.
You will also need appliances to prepare the food and to clean the
dishes for the bar.
Step 6
Get the necessary liquor license and health department permits for your bar. Before you can serve any food or alcohol, you will need the appropriate permits from your local government.
Get the necessary liquor license and health department permits for your bar. Before you can serve any food or alcohol, you will need the appropriate permits from your local government.
Step 7
Purchase an insurance policy for your bar. For a bar, you will need general liability protection, as well as property protection insurance to protect your building and equipment.
Purchase an insurance policy for your bar. For a bar, you will need general liability protection, as well as property protection insurance to protect your building and equipment.
Step 8
Make the menu for your pub. You will have to decide what drinks and food you will carry. Then create the menu, based on the selections you choose. For example, you could have a very wide array of drinks and go for variety, or you could focus on a limited number of beers and keep things simple.
Make the menu for your pub. You will have to decide what drinks and food you will carry. Then create the menu, based on the selections you choose. For example, you could have a very wide array of drinks and go for variety, or you could focus on a limited number of beers and keep things simple.
Step 9
Hire employees for your new business. Even if you plan on working in the business, you will need some other employees to help you run it. This could include bartenders, cooks and a wait staff. In some states, your employees may be required to have individual food and liquor handler's permits. When you hire employees, you will also need to get worker's compensation insurance and register your employees with the Internal Revenue Service so that you can withhold money for taxes from their paychecks.
Hire employees for your new business. Even if you plan on working in the business, you will need some other employees to help you run it. This could include bartenders, cooks and a wait staff. In some states, your employees may be required to have individual food and liquor handler's permits. When you hire employees, you will also need to get worker's compensation insurance and register your employees with the Internal Revenue Service so that you can withhold money for taxes from their paychecks.
Step 10Advertise your new pub business thoroughly. When you have a new bar, you will need to work to promote it. This could involve passing out fliers or promoting your business through radio and television spots. Using cross-promotions with other non-competing businesses may also be a good idea. You need to get the word out to customers about your business.
Tip
- Spend
extra time making sure that you choose a theme for your bar that is not
overdone in the area. For example, if your area already has seven
sports bars, you may not need to add another competitor to the mix.
Warning
- Pubs and bars are very risky businesses. You never know in advance if it
will be a major success or a disaster. Understand that any money you
invest could potentially be lost.
References (4)
Photo Credits(2)
No comments:
Post a Comment
Please don't spam. Spam comments are not approved