In the article on “How much does it Cost to Own a Bar” we have already explored how the ball park figure needed to open a bar can range between a few hundred thousand dollars all the way into the millions. Now let’s take a closer look into the breakdown of the costs involved. To [...]
The first thing to do when you want to be profitable in a bar or any other business is to understand the basics of how profits are generated. Some people think that the path to huge profits is to have lots of sales. Although this is partly true, it is not necessarily so as there [...]
It’s amazing how new and even experienced entrepreneurs can often get tangled up in trying to define the business model for a club or bar when it can actually be very simple if you don’t over complicate it. Revenue Model In essence, the majority of bars and nightclub businesses make money by selling drinks. In [...]
Can bars make money for their shareholders? This is the question that almost all budding bar owners are trying to figure out before they take the plunge to open their own dream bar. Unfortunately, there is no simple yes or no answer because it really depends on a number of factors that vary for different [...]
Anyone who is thinking of opening a bar naturally wants to know how much it takes to setup the business in order to decide on whether it’s a feasible project to pursue. In general, most bars are started up with a capital investment of somewhere between $125,000 and $500,000. Depending on the size, location and [...]
There are different pros and cons to owning a bar for people with different mindsets, financial positions and industry experience. This article will share a range of advantages and drawbacks of being a bar owner, where readers should adapt the tips to suit their individual profiles. We will examine the strengths and weaknesses of the [...]
Bars are one of those retail businesses which have a relatively low barrier to entry for new startups to enter and compete in the market. In other words, all you really need is money in order to open your own bar. However, to remain profitable, you must have the knowledge to run it yourself or [...]
OwningABar.com (OAB) is a guide to owning and operating a bar or pub. If you’re a bar owner or are thinking of opening your own bar, you’ll find useful information and resources in this site which will provide insights into bar ownership. There are free articles on how to start a bar as well as [...]
- Is it Profitable to Own & Operate a Bar May 2, 2011
- How much does it Cost to Own a Bar? May 2, 2011
- What are the Pros and Cons of Owning a Bar? April 27, 2011
- How do I Open my Own Bar? April 25, 2011
- A Guide to Owning and Operating a Bar April 23, 2011
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