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Restaurant and bar business plan

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					Restaurant and bar business plan




If you have dreamed about opening up your own restaurant or bar, you probably already
know that making that dream come true will involve quite a bit of hard work and long
hours, particularly at first. Whether you start from scratch or take over a business from
someone else, it pays to be organized and thorough, and to pay attention to the details.

Going into the restaurant and / or bar business is hard, but it can be a great way to make a
living. According to the Distilled Spirits Council, which is a national trade association,
the distilled spirits industry alone accounts for $100 billion in economic activity in the
United States, so the business is definitely out there if you're willing to work hard to
capture part of it.

Even if you plan to be a more "hands off" owner and have a team of highly competent
managers run the place for you, you will have to be closely involved in the planning,
construction, and pre-opening stages with your new business. There is really no substitute
for doing the research necessary before opening a business, particularly one with
extensive regulations like in the food and hospitality industry.

Before buying your restaurant supplies, you'll want to create a profile of the clientele you
imagine serving, including their general age range, professions, income level, and
musical tastes. Knowing your target market makes many of the other decisions you'll
make simpler, because you know up front that you're not going to try to be everything to
everyone.

With your customer profile, you'll be able to develop your inventory. Trade magazines
and publications by the food and hospitality industry will give you terrific data on
spending patterns on food and beverage, as well as performance details of many types of
establishments. Another great source of information can be your wholesale suppliers.
They have a very accurate picture of what long-term trends are, what the latest hot idea in
the industry is, and how you can work with the direction the industry is taking.

At some point you will have to order your bar supplies, kitchen equipment, and other
supplies and equipment. You will have a lot of decisions to make, such as the type of bar
stools, tables, and chairs you want, plus supplementary equipment you may want down
the line, such as televisions, a jukebox, or games like darts. You'll want to start out by
shopping around and getting a feel for which suppliers really know the industry and what
the various suppliers' terms and prices are like. Once you find an honest, dependable
source of restaurant supplies, you'll have set yourself up for success and not headaches.

Starting a business that's as interactive as a restaurant or bar is like having a child: it's
way more work than you imagined, but when it's good, it's as good as it gets! There are
plenty of things you can't predict about running your restaurant, but if you find a
wholesale supplier for your equipment that you can count on, you'll have more time and
energy to devote to those unexpected challenges and rewards that come with being a
business owner.


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Description: Restaurant and bar business plan