free sample business plan for a bar

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Free sample business plan for a bar time do my homework

Free sample business plan for a bar

Cocktails are alcoholic beverages made of spirits and other ingredients such as fruit juice, soda, etc. They are one of the things commonly ordered and consumed in a bar. There are many kinds with varying ingredients, flavor, and appearance. While both places serve alcohol, the set up of the place is different. A nightclub is more focused on the entertainment of the patrons by providing drinks and music. In contrast a wine bar is a tavern-like establishment and tends to have a more relaxing ambiance like bistros.

Both places sell alcoholic beverages , but what makes them distinct from each other is that a bar does not necessarily serve food. How many other local bars are there and how do they stack up? Are there larger bars that would take customers from you? Finally, write a SWOT analysis for your bar.

By running a SWOT analysis, you can discover what advantages you have over the competition and plan to take advantage of opportunities. What you offer on your menu can attract customers and investors. List out everything on your menu with descriptions, from cocktails and liquor to mixers, garnishes, and other add-ons. Many purchasing decisions are based on emotion, so naming drinks and including the right type of menu descriptions is a crucial component of your marketing plan.

Take your time when writing out these descriptions so you can convey the right message to your customers. Also, think about sourcing locally, as this can be attractive to certain customer groups. Developing an inventory management system for your bar is important to optimize your daily operations and cut down spending. Finally, write up your competitive comparison to other bars in the area. Are you offering the same beer selection as everyone else on your block? Are you the only one serving craft cocktails?

Keeping track of your competitors allows you to diversify and use your menu as a competitive advantage. A marketing strategy is the section of your business plan that outlines your overall strategy for finding, attracting, and retaining customers. Spell out the type of business entity you will select for the bar, like sole proprietorship, partnership, or LLC.

This is important when filing your tax return, so be sure to speak with a legal consultant when selecting the right business entity for you. A partnership helps alleviate all the work that goes into opening a bar. The downside to partnerships is that partners are legally liable for both their actions and the actions of their partners. Finally, an LLC shields you from personal liability, but the company can never go public.

Next you need to lay out the building blocks of your organizational structure. Who is on your management team and what is your personnel plan? How many bartenders, bar backs, and other staff do you need to get started?

This is important to include to give a picture of payroll costs. Finally, outline what technology you need to run your bar. A point of sale allows you to take payments and control your daily operations. Ideally, you want a system that lets you keep tabs open, incorporates tipping, and conducts sales reporting so you can uncover inefficiencies and improve how you run your bar.

Last, talk financials. A financial plan is important to lay out what the sales need to be for the business to be successful. The financial plan section includes bar startup costs and a break-even analysis. Your bar startup costs are the expenses incurred during the process of starting up your business.

Startup costs vary depending on the type of bar. For dive bars, seating and real estate or size is your biggest cost. For a cocktail bar, your biggest startup cost is getting the interior design right.

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Creating a customer profile a description of your ideal customer can help you later on when you need to develop a marketing plan. Then analyze your competitors. How many other local bars are there and how do they stack up? Are there larger bars that would take customers from you? Finally, write a SWOT analysis for your bar. By running a SWOT analysis, you can discover what advantages you have over the competition and plan to take advantage of opportunities. What you offer on your menu can attract customers and investors.

List out everything on your menu with descriptions, from cocktails and liquor to mixers, garnishes, and other add-ons. Many purchasing decisions are based on emotion, so naming drinks and including the right type of menu descriptions is a crucial component of your marketing plan. Take your time when writing out these descriptions so you can convey the right message to your customers.

Also, think about sourcing locally, as this can be attractive to certain customer groups. Developing an inventory management system for your bar is important to optimize your daily operations and cut down spending. Finally, write up your competitive comparison to other bars in the area. Are you offering the same beer selection as everyone else on your block? Are you the only one serving craft cocktails?

Keeping track of your competitors allows you to diversify and use your menu as a competitive advantage. A marketing strategy is the section of your business plan that outlines your overall strategy for finding, attracting, and retaining customers. Spell out the type of business entity you will select for the bar, like sole proprietorship, partnership, or LLC. This is important when filing your tax return, so be sure to speak with a legal consultant when selecting the right business entity for you.

A partnership helps alleviate all the work that goes into opening a bar. The downside to partnerships is that partners are legally liable for both their actions and the actions of their partners. Finally, an LLC shields you from personal liability, but the company can never go public. Next you need to lay out the building blocks of your organizational structure.

Who is on your management team and what is your personnel plan? How many bartenders, bar backs, and other staff do you need to get started? This is important to include to give a picture of payroll costs. Finally, outline what technology you need to run your bar. A point of sale allows you to take payments and control your daily operations.

Ideally, you want a system that lets you keep tabs open, incorporates tipping, and conducts sales reporting so you can uncover inefficiencies and improve how you run your bar. Last, talk financials. A financial plan is important to lay out what the sales need to be for the business to be successful.

The financial plan section includes bar startup costs and a break-even analysis. Your bar startup costs are the expenses incurred during the process of starting up your business. Startup costs vary depending on the type of bar. No matter the style of drinking hub, these sample plans will give you the guidelines to get you started.

It contains the same templates and information you see here, but with additional guidance to help you develop the perfect plan. Arz al-Lubnan Hookah Bar will offer a more adult alternative to hookah bars frequented by college-age customers. The spot will create a nightclub environment that satisfies the changing tastes and expectations of our core customers; i.

E3 Playhouse is a start-up combined entertainment venue offering live music, dancing, music and dance lessons in a nightclub restaurant format. Take Five Sports Bar is a local sports themed bar that strives to have more televisions with more sporting events than anywhere else in the region.

Martin Cove Brewing is an established producer of hand-crafted lagers, ales, and pilsners. Martin Cove plans on expanding its distribution to larger metro areas, and to larger grocery store chains. Hookah Bar Business Plan Arz al-Lubnan Hookah Bar will offer a more adult alternative to hookah bars frequented by college-age customers. Microbrew Bar Business Plan The Bottlecap is a university neighborhood bar specializing in microbrews.

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A cover charge will be applied to patrons to cover the band expenses. The bands will be responsible for setup and tear down of all equipment. Restaurant supplies pots, pans, cutlery, and cooking utensils will come from Grover Restaurant Supply. These monitors and hand held units will provide point of sale menus, inventory control analysis, credit card sales, and office management. Bartender theft and employee theft can quickly be the financial demise of any business.

The POS systems will alert the chef when inventory levels are low and the bar manager when to place his order. Comment cards will be available throughout the bar and management will keenly review these comments, making adjustments as needed. For example, the owners might consider open mic nights, creating a Trivia Night or providing other options as deemed acceptable by the customers.

Although people still gather to socialize in bars, just as they have for hundreds of years, other factors have come into play for the industry as well. Problems with driving while intoxicated have changed the drinking patterns of people in United States.

The growing concern with health and fitness toward the end of the 20th century took its toll on the bar industry. Distilled Spirits Council. No major companies dominate; varying state liquor laws complicate the ability to form large chains. The industry is highly fragmented: the 50 largest companies account for about 5 percent of revenue.

First Research. Personal income and entertainment needs drive demand. The profitability of individual companies depends on the ability to drive traffic and develop a loyal clientele. Large companies can offer a wide variety of food, drinks, and entertainment, and have scale advantages in purchasing, financing, and marketing.

Small companies can compete effectively by serving a local market, offering unique products or entertainment, or providing superior customer service. There are few barriers to entry in the neighborhood bar industry, and the capital costs of starting a new neighborhood bar are low. However, competition among bars and taverns is intense due to the large number of bars in the target market.

When combined with a small industry growth rate, market share gains by one bar will be at the expense of others. Competing for the neighborhood bar are other small neighborhood bars and larger chain restaurants with full service bars.

The slower economy resulted in some patrons purchasing from grocery stores, package stores and convenience stores. The following is summary of the comparables:. This 16, square foot corporate restaurant and bar was established in The restaurant specializes in Dominican food and drinks. With a focus on black beans and rice and mojitos, the theme is quite different from the subject. Established in , the iconic restaurant and bar is one of twenty-two facilities in the South Florida area.

The restaurant and bar has 33 employees. This freestanding 3, square foot bar is privately owned and operated. The neighborhood bar has a sports bar theme. More of a sports bar, the subject will compete indirectly with this competitor. The bar has 6 employees.

This neighborhood bar is one of three in Palm Beach County that are privately held by the same owner. This 15, square foot bar started in has a tremendous following. Tourists and workers on their lunch hour — the bar is centrally located in Palm Beach County making it an ideal location for both tourists and workers alike. While patrons can find similar bars in the trendier downtown and midtown locations, the quieter, smaller bars offering finer foods and jazz venues, are all but overlooked in the suburbs.

The local distributors support this business venture as well and based on the area demographics and are anxious tap into this lucrative market. The marketing strategy is designed to target this group. In fact the closest direct comparables are located eight miles away in downtown — the majority of locals would prefer a spot closer to home. As the owner of two South Florida wine bars, Mr.

Recent market trends focus increasingly on healthier lifestyles. Studies have shown that although consumers are drinking less alcohol, their tastes are becoming more discriminating. The wine selection will be somewhat smaller but just as impressive. Food offerings will consist of standard bar fare along with, finely prepared daily gourmet specials.

The owners will rely on POS system for orders, inventory control, accounting functions, time management and other functions. All bartenders will be hand selected and trained to cross sell appetizers or higher margin items. Liquor sales and the bar industry overall is demonstrating improving trends. The following is a summary from the February U. Distilled Spirits Council Report:. Revenue up 6. The owners and staff are constantly aware of patrons changing likes and dislikes and the bar and grille will act quickly to make changes to meet these needs.

The following information summarizes the SWOT analysis. SWOT stands for strengths, weaknesses, opportunities and threats. A SWOT analysis is a method for strategic planning that evaluates these four elements as they relate to the business objectives. Relatively easy entry and low capital outlay. Committed owners with combined 35 years industry experience. Targeted, specific focus on its customers creates a memorable experience for its patrons resulting in repeat business.

Disorderly patrons can potentially harm both business reputations or cause collateral damage. Employee theft can make or break a bar business. Very specific target market — if the target market was broader the owners could increase market share in the segment that was the strongest. High turnover in bar industry — many bars are here today and gone tomorrow. Tactics: Provide exceptional customer service in a relaxed and inviting environment encouraging patrons to return again.

Programs: Extensive and ongoing employee training. Employees will be rewarded financially for providing impeccable service with opportunities to benefit in profit sharing. All staff are hand selected and share the same core beliefs of the owners; everyone will be trained to be keenly aware of patrons and anticipate their needs before the customer does, for example always offering to promptly show them to their table, graciously asking to hang their coats, and bring them their drinks expediently.

The bar features a vast selection of hand crafted beers — both local and imported, as well as an impressive wine selection. The bar features traditional pub fare as well as daily specials prepared by a formally trained culinary chef. Traffic counts approximate 42, daily. There are still ways to get some advertising and marketing out there without spending a ton of money.

Everything is happening. The bar is alive. Your employees love working there. They are talking and saying great things about the place, and that is passed on to your customers. The customers love being there, and they tell other customers. The owners have a combined 35 years industry experience in restaurant and bar management and fully support the operation.

The menu items are moderately priced. Additionally the bar is planning a grand opening in September, 20XX. The early opening date will allow the staff to familiarize themselves with operations and customer interfacing. Once the bar is up and running, management will determine which nights need a boost.

Historically, bars are busiest Friday and Saturday nights, with Thursdays coming in third place. In addition, the bar will have promotional events on holidays such as Cinco de Mayo and the 4th of July. Management anticipates profit to equate to 3X the cost of advertising the promotion. It contains the same templates and information you see here, but with additional guidance to help you develop the perfect plan.

Arz al-Lubnan Hookah Bar will offer a more adult alternative to hookah bars frequented by college-age customers. The spot will create a nightclub environment that satisfies the changing tastes and expectations of our core customers; i. E3 Playhouse is a start-up combined entertainment venue offering live music, dancing, music and dance lessons in a nightclub restaurant format. Take Five Sports Bar is a local sports themed bar that strives to have more televisions with more sporting events than anywhere else in the region.

Martin Cove Brewing is an established producer of hand-crafted lagers, ales, and pilsners. Martin Cove plans on expanding its distribution to larger metro areas, and to larger grocery store chains. Hookah Bar Business Plan Arz al-Lubnan Hookah Bar will offer a more adult alternative to hookah bars frequented by college-age customers. Microbrew Bar Business Plan The Bottlecap is a university neighborhood bar specializing in microbrews. Nightclub Business Plan The spot will create a nightclub environment that satisfies the changing tastes and expectations of our core customers; i.