Trendy Bar & Nightclub Business Startup
How to Start, Run and Grow a Successful Bar & Tavern Business
According to Statista, sales in the drinking sector in the United States have steadily grown since the mid-1990s reaching 23.15 billion U.S. dollars in 2015. The sector includes bars, pubs, lounges, taverns, and nightclubs, as well as other drinking places that primarily sell alcoholic beverages for immediate consumption. The National Restaurant Association estimated that food and drink sales in U.S. bars and taverns would reach 19.9 billion U.S. dollars in 2016. This is a relatively small figure in comparison to the wider restaurant industry, for which food and drink sales were expected to rise to approximately 783 billion U.S. dollars during the same year.
As a smart and savvy business person, I am sure you can understand that we all want to be a part of an industry that shows growth and not declines. What better industries to be a part of than this? Especially when this sector has shown steady growth for a year over year for decades.
If you are not 100% convinced yet, here is little more of the truth from Investopedia.
The bar, tavern, and nightclub industry in the United States is expected to have total revenues greater than $24 billion in 2015. Of the total sales, 42% is made up of beer, 31% is made up of distilled beverages, and the remaining 27% is made up of food and other sales. The average revenue per employee for a bar establishment is roughly $64, making it an attractive business for an entrepreneur.
I am sure, by now, you would agree that getting into this line of business can be a great idea. But just because it is a great idea doesn't mean everyone has to open one of these, right? Well, true. But you also have to understand that not everyone is cut out for owning and operating such a business establishment. It takes a certain type of personality and willingness to own and operate and see great success in this business.
Here is What I Show You in This book.
Who And Why Should You Open A BarProfitability Of A Bar BusinessSix Ways To Find Money To Start Your BusinessKnowing The Market And Setting A TrendNaming Your Bar Or ClubPutting Together A Business PlanLegal Side Of Your Bar BusinessIncorporating Your BusinessEIN, Bank Account & City, County & State LicensesLiquor License (Application To Approval)Commercial, BOP & Liquor Liability InsuranceHow To Find An Existing Bar For SaleHow To Find A Suitable LocationNegotiating A Commercial LeasePlanning And Building A BarSignage, Menu, Décor & FurnitureSound, Lighting & MusicSupplies & EquipmentManagement & EmployeesManaging Bar InventoryHow To Calculate Inventory Usage, Pour CostDrink Pricing, Profitability, And POSAccounting & BookkeepingMarketing & PromotionHow To Increase And Upsell LiquorAdditional Revenue Ideas
And so much More
Cheers and Good luck!
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