In the future, I would love to own my own bar. Has anyone done this in Michigan, and what were the steps involved? How much were the costs? Did you write a business plan? Did you need to hire a lawyer? Is it worth it? Is it possible?
2007-02-18 14:04:27 · 6 answers · asked by littlepitz2 1 in Business & Finance ➔ Small Business
I live in Wayne county but I helped my Uncle open his bar Wooden Keg in Genessee County. I own and operate a business loan, equipment leasing, and credit card processing business so he had asked me what steps I had taken. Since our business varied greatly I told him he needed to check into the various licenses he would need first, which he did and had those renewed since he was buying an existing business a lot of the needed leg work for licensing was done. He has been knocking down crazy amounts of cash, I have heard. I would say yes, it is very worth while. Also he is by an automotive plant which comprises a lot of his business so in the right location your success is guaranteed.
2007-02-26 02:42:01 · answer #1 · answered by tcongdon24 2 · 0⤊ 0⤋
The answers, for most of your questions, are yes. Is it worth it? Maybe.
You have to get a liquor license from the state, as well as a space that is approved for the sale of liquor. Start-up costs can be high, but you may be eligible for grants and/or loans.
For more info, contact the Small Business Administration, as well as the State.
2007-02-18 14:10:23 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I don't know to much about it but you need to obtain a liqour license. That is the hard part b/c there are only a limited number of them issued per state. Meaning you will have to buy one from another bar owner.
2007-02-18 14:07:42 · answer #3 · answered by adddictedtomonsterenergy 3 · 0⤊ 0⤋
I would go for it if you have the funds and backing. I live in Chicago and there are many of them. When I lived in NW Indiana there was a couple and sometimes they were so crowded that people could not get in or have to wait.
2016-05-24 04:42:30 · answer #4 · answered by ? 4 · 0⤊ 0⤋
a liquor license is costly.
2007-02-26 13:16:51 · answer #5 · answered by chris 3 · 0⤊ 0⤋
a liquor licenses is prevalent...start there.
2007-02-18 14:06:54 · answer #6 · answered by Diamond in the Rough 6 · 0⤊ 0⤋