What could be more exciting for the party animal or drink connoisseur in you than running your own bar and being your own boss? There are always people looking for a new hotspot where they can unwind after a long day on the job. However, there are plenty of trendy bars all over the U.S., so making your mark in the industry won’t be easy.
Indeed, running your own bar can be an exciting venture, but you must be diligent when launching your own business. Continue reading to get some tips that will help you achieve success opening your bar.
Create a name and brand for your bar.
Coming up with ideas for your bar gives you a chance to create the type of bar you’ve always wanted to go to. The first order of business is to decide what type of atmosphere you want your establishment to have.
For instance, do you want to open an upscale wine bar where people come to sip and chill in an exclusive-feeling environment? Would you rather open a sports bar with beer on tap and game day foods like wings and pizza? Deciding the type of bar you want will help to develop your brand and name for your business.
When choosing a name for your business, it’s important to pick a name that’s in line with your establishment’s brand. You may even want to trademark your brand, especially if you’re in a congested area like New York City or you plan on expanding and offering franchising opportunities in the future.
Get the necessary licenses.
One thing all business owners have to do is get the proper licenses for operating their enterprises. Getting the proper licenses is especially important when you plan on serving alcoholic beverages as the bar industry is heavily regulated.
One of the most important steps to opening a bar is deciding the type of tax entity your company will be, whether it’s a sole proprietorship, partnership, or LLC. It’s best to open a new business as an LLC because it shields you from being personally responsible for claims filed against the business. In other words, the business will be responsible for its own damages or taxes rather than you and your personal finances being on the hook for damages.
Find the best suppliers.
Of course, you can’t run a bar without beverages. Finding the right distributors is crucial to stocking your inventory and keeping your prices affordable.
It’s important to do your due diligence when looking for distributors. You want to find a supplier whose selection of merchandise, delivery schedule, and prices match your needs.
Banko Beverage has been providing high-quality, low-cost beverage distribution services for Greater Lehigh Valley for years. Their wide selection of beverage options includes some of the top national brands and up-and-coming brands as well. So, whether you plan on serving craft beer or wine, Banko Beverage has you covered.
Hire a great staff.
One of the marks of a great business is excellent customer service. Your patrons will remember the service they received in your establishment long after the drinks have worn off, so it’s important to make customer satisfaction a top priority.
Building the right company culture begins in the hiring process. Look for people who can match your energy and know the importance of the customer experience to fill your ranks.
Running a bar is a great opportunity to make a lot of money in an industry that’s all about helping others have a good time. However, there are bars all over the United States, so you must have a game plan for your business and execute it to perfection.
By creating the right atmosphere and providing excellent customer service, your bar can have great success.