How To Draw Up A Bar Business Plan

Table of contents:

How To Draw Up A Bar Business Plan
How To Draw Up A Bar Business Plan

Video: How To Draw Up A Bar Business Plan

Video: How To Draw Up A Bar Business Plan
Video: How to write a Bar and Lounge Business Plan by Paul Borosky, MBA. – Business Plan Tips and Tricks. 2024, December
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Nowadays, opening a bar can be considered one of the inexpensive but effective ways to create a business. This establishment occupies a small area, and the service, prices and clientele in the bars are quite democratic, which allows you to collect a large number of visitors. Before you start opening a bar, you need to draw up a business plan that would take into account all the nuances of its work.

How to draw up a bar business plan
How to draw up a bar business plan

Instructions

Step 1

Before you start drawing up a business plan, think about which bar you want to open: a sports bar, karaoke bar, sushi bar or pub. It is necessary to choose the type of bar in order to rent the appropriate premises and designate the audience of visitors. For example, if you want to open a sports bar, then you should look for a place in a densely populated area of the city, where in the evening there will always be people who want to watch football and drink beer with friends.

Step 2

When drawing up a business plan for a bar, be sure to include an overview section, or a summary, in it. Indicate in it what kind of bar you are opening and for what audience it will be designed, as well as the organizational and legal form of your business. Most often, for such establishments, it is a limited liability company or individual entrepreneurship.

Step 3

Describe the services that the bar will provide to its visitors, indicate the presence or absence of a service system (waiters), the opening hours of the institution. Your business plan for opening a bar must include an analysis of this market segment. Describe the situation, the presence of competitors, the problems that arise when doing this business. This will help avoid similar problems in the future. Indicate your competitive advantage compared to other owners' establishments.

Step 4

Then make a production plan. This will be the most significant part of your business plan. Choose a room for the future establishment. The area of the bar is fairly easy to calculate based on the expected number of visitors. For example, for a bar with a capacity of 60-70 people, a room with a total area of at least 250 square meters. Better if it is located in a non-residential building. Otherwise, you are unlikely to be able to avoid problems and conflicts with tenants.

Step 5

After deciding whether to rent, prepare a design project for the bar. It is better to entrust this work to a specialist. Then, include items in your business plan regarding the purchase of the necessary furniture and equipment. A standard set for any bar includes a bar counter, chairs, tables, kitchen equipment, plasma TV, dishes. Another important point is the development of the menu. It should consist of a large type of snacks (at least 25-30), beer and other alcoholic beverages.

Step 6

The next section of the business plan is the financial plan. Include all costs of opening a bar (rent, purchase of equipment, advertising costs, staff salaries), maintenance costs, as well as estimated income per customer and total turnover. Please note that you will not receive instant profits. The payback period for establishments of this kind is 1-1.5 years.

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