5 Important Rules for Opening Your Own Bar

OlufisayoAugust 24, 201701,134 views

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Owning a bar in Texas can be a very lucrative and rewarding venture. While the thought of trying something new can be exciting, opening your own bar isn’t all fun and games. If you’ve toyed with the idea of opening one, but bear in mind that a bar is not your usual business venture.

Any Texas alcoholic beverage commission lawyer can attest that many of those who actually follow through on their dreams soon encounter the harsh realities of opening a bar in Texas. From the challenges of securing an affordable space to getting a liquor license, there’s a lot to deal with. Here are a few rules to follow.

Choose a Concept

The first step in opening a bar is determining the concept or niche for your bar. Start thinking of what type of establishment you want it to be, the vibes you seek to attract and the consumers you want to target. Ensuring the right fit between your own passions and the actual look you wish to create is vital.

Your concept shouldn’t be complicated. What are you going to name your bar? You don’t want to be too generic. Make it memorable and catchy. When defining your concept, focus more on a specific clientele and try to please everyone.

Select a Suitable Location and Space

Search for a location that will help you develop your identity and attract your target clientele. The best space and location should be in a busy neighborhood, near your home if possible for better management.

Think of the renovation costs based on the type of space you get. When choosing location and space, think of affordability too. Look around the neighborhood to get an idea of what’s already running. Regardless of the bars around, you can thrive if you introduce something fresh and unique.

Starting Capital

Your starting capital will depend on the type of bar you’re opening. Factors like your target customers, the space size, the look of your bar and the beverage program will also determine the amount of equipment and inventory you need. Bar owners will tell you to take what you have and add another 20%-40% to it.

How much work needs to be done? What kind of work? How much time will it take? These questions will also determine your initial capital. The biggest mistake most people make is starting with too little and failing along the way. Always have some backup cash to help you before you break even.

Get a Liquor License

You can’t start operating a bar in Texas without the necessary permits. Considering that every state has its own licensing requirements, it’s important to work with a liquor law attorney to guide you through the process. According to a Georgia corporation search website, working with a lawyer helps you meet registration requirements and complete necessary paperwork.

Getting the right permits to operate a bar, dealing with legal paperwork and understanding how to deal with taxes are some of the complex issues you have to deal with. An experienced liquor law attorney will help you complete the whole process. Getting a license can seem a bit frustrating, especially with community policing issues, but be patient and diligent.

Learn How to Run a Bar

To ensure success for your new bar, learn the ins and outs of running it. There’s a lot to deal with on a daily basis to make everything run smoothly. If you can’t do it on your own, get a great manager to be your eyes and ears.

Author Bio:
Shawn Barton

Shawn Barton is a super-connector with ManageBacklinks.io who helps businesses with building their audience online through outreach, partnerships, and networking. Shawn frequently writes about the latest advancements in the SaaS world and digital marketing.

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