The truth is that it is one thing to have a fantastic business plan, it is entirely another thing for the business plan to translate to profits, that is why it is important to assemble a team of experts to work with if you want to be successful with your cocktail bar business.
Below is a sample cocktail bar business plan template that will help you successfully write yours with little or no stress A cocktail bar is a bar or small restaurant where cocktail is the main drink available; a characteristic feature of many standard cocktail bars is a wide selection of assorted cocktail drinks.
The cocktail bar business is one business that cannot go out of fashion because people would always appreciate good cocktail drinks.
Depending on the scale you want to start, the startup capital for this type of business can range from small to moderate.
In the United States alone, the bar and night club industry generate a whooping sum of $20 billion in revenue annually from about 45,000 established and recognized bars and night clubs in the US.
Although people still gather to socialize in bars just as they have always done in time past, but with factors such as driving while intoxicated and increase in crime rates, the drinking pattern in bars is being affected.
The truth is that you will not only compete with cocktail bars in your location or city, but you would be competing with every other entertainment option such as wine bars, night clubs, restaurants, casinos et al where cocktails are retailed.
Lastly, it is important to state that in as much as starting a cocktail bar business can be profitable and rewarding; the success of new cocktail businesses in the United States is not automatic.
Our bar facility is centrally located in a busy street and it has the capacity to accommodate 100 people per time.
Bennardo Paulo® Cocktail Bar is designed and constructed to meet both health and safety standards as recommended by the local authority.