1. Research the Market – Understand the local bar industry, including types of bars, trends, and competition.
Make sure to know what kind of establishment you want to create and how it will fit into its surroundings.
2. Develop a Business Plan – Draft a plan that includes your business goals, capital requirements and financial projections.
Also include lists of all the supplies, equipment and services needed.
3. Find the Right Location – Consider factors such as foot traffic, visibility, accessibility and local zoning laws when picking a location for your bar.
4. Secure Financing – Explore financing options, including bank loans and investors.
Also consider alternative sources like crowdfunding or private investors.
5. Obtain Licenses and Permits – Apply for all necessary licenses and permits, such as a liquor license, food service permit and business license.
Check with your local jurisdiction to determine what you need.
6. Create Your Menu – Develop a menu featuring classic and signature drinks, as well as food items like appetizers, entrees and desserts.
Consider adding non-alcoholic options as well.
7. Stock the Bar – Purchase all of your supplies, including liquors, mixers, glasses, bar tools and garnishes.
Opt for quality over quantity to ensure a better product and customer experience.
8. Hire Staff – Recruit qualified bartenders, servers and other staff to help manage the bar.
Be sure to train them thoroughly on safety protocols, drink recipes and menu items.
9. Market Your Bar – Create a website and social media accounts to promote your business.
Also consider running promotional campaigns, hosting events or joining forces with other local businesses.
10. Make Sure You Have Insurance – Look into insurance policies that protect your business from liability claims, property damage and more. Choose a policy that fits your needs to safeguard yourself and customers in case of an emergency.