Does anyone know the startup cost of a bar?

Question

I wanna open a bar and I wanna know what the costs usually are to start it up.


Anyone?

Answer 1

The best routes to take are to research the process of starting a business as well as the industry you're interested in.

I recommend checking out the SBA, Entrepreneur, The Start Up Journal & Nolo. All 4 are great informational resources for the new/small business owner. I posted links for you in the source box.

Associations may be a good avenue to explore as well. These organizations will address many of the thoughts, questions and concerns you'll inevitably have as well as many you haven't anticipated yet. See the source box for some relevant links.

Research, research, research – this cannot be stressed enough. Read as much as you can. Here are some book titles that are relevant:

* Start and Run a Money-Making Bar by Bruce Fier
* Upstart Guide Owning & Managing Bar or Tavern by Roy S. Alonzo
* Start Your Own Bar and Tavern (Entrepreneur Magazine's Start Ups) by Entrepreneur Press
* The Food Service Professionals Guide to Bar & Beverage Operation: Ensuring Maximum Success by Chris Parry

There are plenty of free informational resources out there. Check the source box for links to articles.

Hope that helps! I wish you much success & happiness in all your ventures!

Answer 2

You don't sound old enough to drink, much less run a business.

You're looking at a minimum of $150,000 (US) plus the cost of the initial inventory, which is usually close to $15,000. Then consider the cost of hiring a realtor, lawyer and accountant, plus the cost of getting and keeping staff.

I suggest that before you open a bar, you get a degree in Business and/or Hospitality Management.

Answer 3

It can range anywhere from $50k to $1M. It depends on size, location, and how fancy you wanna get.

Answer 4

$100,000.00