Sunday, August 27, 2017

Purchasing Beer Tower To Establish Your Own Bar

By Matthew Cook


Entertainment, laughter, friends, celebrations, and fun. There are some of the many things that might come to your mind when you consider owning your bar as you visualize rooms filled with music, conversation, and people enjoying the environment. If you are thinking of opening a bar, you might imagine having a great time with friends. Owning a pub looks like a good life to many entrepreneurs but it not always games and fun behind everything.

Before opening a club or pub, be sure to keep important factors in mind. Basically, each factor can help you determine the advantages and drawbacks of this business. Before you get started on the challenges of making your dream business come true, decide first what kind of establishment you love to open. Aside from that, you should acquire your equipment, a beer tower, chairs, and other things.

Writing a business plan beforehand is also important. Your plan should include vital facts about the establishment. No matter what kind of theme you want, make sure it is different and special from other clubs around the state. Include information about your local competitors and your projections according to the market research.

Aside from that, you also need to apply for a license to serve liquors. Depending on the state you opt to have, the qualifications and requirements for obtaining a license may vary. Usually, it takes longer to be approved, thus be sure to apply earlier. More than that, make sure to secure your finances for your project. Remember, starting a club is not cheap, you need to spend thousands.

You may either bring on investors, fund the venture yourself, or lend money from credit institutions. The costs will vary based on the type of operation you are planning to have. If you want to rent a small place, you can start with a lower initial investment than building or own an establishment in an accessible location. When you approach investors or lenders, you are required to show the business plan and impart your insights.

Bear in mind that the success of a business will depend on the location. Hence, search for a location that is located in busy streets and convenient for potential customers. In some situations, it should be in places close to other clubs and bars that focus more on nightlife. Make more rooms for the guests and design a dance floor.

Tackle some legal aspects of your business which includes a liability firm. This serves as your protection from possible liabilities if someone is injured on the premises. Acquire an insurance policy that provides protection for the property. You are also required on registering the business name and buy workers compensation insurance for the employees.

In addition, you need to purchase inventory including plates and glasses and the beer products. After that, hire your staff. It would be best to hire employees who are licensed to serve food and liquors. Also, you may need bartenders, bouncers, and waiters according to the setting and size of the pub.

Start your advertising your business. When owning a pub, promoting your pub is imperative to draw attention from the target market. You can use the internet, newspapers, and radio. On your grand opening, you may offer special offers such as discounted drinks.




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