How to Start or Buy a Bar: Essential Tips for Future Bar Owners

Welcome to the latest episode of the Bar Business Podcast! In this episode, host Chris Schneider talks about the first step in the bar business, how to buy or create a bar of your own.

Chris starts by weighing the pros and cons of each approach, discussing factors like cost, time, and flexibility. He then dives into the specifics of buying a bar, such as due diligence, financing, and negotiating the deal. He also covers the key considerations for creating a bar from scratch, including whether to lease a space or buy the real estate.

Throughout the episode, Chris stresses the importance of having a clear and cohesive vision for your bar business, whether you're buying or creating. He shares his insights on bringing in partners, having sufficient capital, creating a culture that aligns your goals and values, and company formation.

If you're thinking about getting into the bar business, this episode is a must-listen. Tune in to learn the essential strategies and tactics for buying or creating a successful bar, and take the first step towards achieving your entrepreneurial dreams.

Learn More:
Schedule a Strategy Session
Bar Business Nation Facebook Group
The Bar Business Podcast Website
Chris' Book 'How to Make Top-Shelf Profits in the Bar Business'

Thank you to our show sponsors, SpotOn and Starfish. SpotOn's modern, cloud-based POS system allows bars to increase team productivity and provides the reporting you need to make smart financial decisions. Starfish works with your bookkeeping software using AI to help you make data-driven decisions and maximize your profits while giving you benchmarking data to understand how you compare to the industry at large.
**We are a SpotOn affiliate and earn commissions from the link above.

A podcast for bar, pub, tavern, nightclub, and restaurant owners, managers, and hospitality professionals, covering essential topics like bar inventory, marketing strategies, restaurant financials, and hospitality profits to help increase bar profits and overall success in the hospitality industry.