According to Restaurant Owner, which conducted an industry-wide survey, start-up costs for bar establishments that rent range from $125,000 to $550,000.
For owners who opt to own the premises, the cost is between $175,000 and $920,000.
How much does a bar owner make a year?
Bar owner salaries vary depending on several factors, including the location and size of the bar, the surrounding market and how the business is run. However, according to BLS statistics, the national median annual salary of all bar management positions is $67,390.
How do I open up my own bar?
Before that, you’ll have to make another important decision.
- Find the ultimate location. You know who your customers are and know a few places where you can meet them.
- Sort out the paperwork.
- Design your bar.
- Stock up your bar.
- Draft your team.
- Open your bar.
- Promote your bar.
- Run your bar.
What licenses do you need to open a bar?
These Are the Permits and Licenses You’ll Need to Open a
- Business License. Before you become a restaurant owner, you need to obtain this government-issued license.
- Liquor License.
- Foodservice License.
- Employee Identification Number (EIN)
- Food Handler’s Permit.
- Sign Permit.
- Paperwork is Part of the Process.
Photo in the article by “Authority Dental”