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- Write a solid business plan. It’s like our teachers always used to say: failure to plan is planning to fail. That’s why we make business plans. A bar is a business, just like any other.
- Define a business structure. Your bar’s legal structure determines what taxes it pays and how it’s seen in the eyes of the law. The legal form you choose depends on how your bar business is structured, what you want it to do, what investments you want to make and whether you want to collaborate with other enterprises.
- Obtain the right licenses. To operate legally, your bar needs to have the right licenses. Obtaining them is usually one of the easier and less expensive parts of opening a bar.
- Choose a location. Your bar’s location is paramount to its success. It could determine whether your new venue will succeed or fail—so don’t approach it lightly.
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- Decide what type of bar you want to open. The first quintessential step before starting with all bits and drabs of creating your dream establishment is to decide on what type of bar you’d like to run.
- Identify your business structure. You have the concept, you have the money, you are ready to get straight to action. The next crucial point for opening up a bar is to decide on the best option for you: buy an existing bar, build your own, remodel or buy a franchise.
- Create a business plan. Though most commonly business plans are used by bar owners to attract additional financial aid, it could also serve you as an excellent guideline to stay focused on the most important tasks and help you grow your business.
- Find the ultimate location. You know who your customers are and know a few places where you can meet them. Now it’s time to settle on the perfect location for your bar to be.
- Do your market research. Before launching a fully-fledged bar business, you need to know what you are getting yourself in for. The best way to start is to get experience working in or managing a bar so you can understand how the day to day business is conducted.
- Come up with a bar concept. Once you’ve identified your demographic, location, and possible price point you can come up with your bar concept. Your concept needs to be original in order to differentiate your bar from your competitors.
- Write your business plan. Now to get your ideas and projections down on paper. Once you’ve got an idea about where you want your business to go you can start writing your business plan (take a look at our business plan template).
- Consider the costs. To open a bar, your starting budget should be no less than £20,000 with the expectation that this number will increase as you establish your business.
How to Open a Bar: Your Complete Checklist. Write Your Bar Business Plan. Set Up Your Business Structure. Secure Funding and Loans. Taxes, EIN, and DBA. Obtain a Liquor License and Other Necessary Licenses. Trademark Your Name and Logo. Choose the Perfect Location. Design Your Bar and Start Renovations.
- Choose a Bar Concept and Brand. The fun part of starting your own bar is creating your concept and brand. Your concept includes all the general ideas you have about what kind of bar you want to open.
- Choose a Name for Your Bar. Choosing the name for your bar can feel like the moment that your dream is becoming a reality, but how do you choose the right name?
- Choose a Business Entity for Your Bar. Every business owner has to decide what type of entity or business structure to establish. This impacts your legal liability, your ownership rights, how your business is taxed, and your funding options.
- Write a Bar Business Plan. This is the point where you need to sit down and get your business plan on paper. Having a thorough business plan is going to help you when you reach out to investors and apply for loans.
Oct 4, 2023 · Expert guidance can be beneficial. Starting a pop-up bar involves additional legal considerations, including obtaining specific licences based on the state or territory. If you would like a consultation on your options moving forward, you can reach us at 08081347754 or [email protected] for a free, no-obligations chat.
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The fee for a standard planning application could range from around £200 to over £500, but will vary depending on various factors, including the scale and complexity of your project. 4. Alcohol Licence. Alcohol is the staple of your bar, so you’ll need an alcohol licence to legally sell these beverages.
