Most businesses are required to collect sales tax on the goods or services they provide. To learn more about how sales tax will affect your business, read our article, Sales Tax for Small Businesses. In order to play music in a nightclub, permission must be acquired from the composer or license holder.
If you sell food, you will need licensing from a local health department, which will require your business to pass a health inspection. In addition, food establishments are randomly inspected by the local health department on a regular basis. These inspections will check for compliance with local health laws, typically related to prevention of food contamination.
To sell alcohol at a bar, a liquor license will be required. The type of license that must be obtained will vary depending on the kind of liquor you intend to serve, whether or not you intend to sell food, the percentage of your sales that will come from alcohol vs. Licenses will also vary by state and individual state pages should be referenced during the application process. More information on obtaining a liquor license can be found here. A nightclub business is always run out of a physical location.
Businesses operating out of a physical location typically require a Certificate of Occupancy CO. A CO confirms that all building codes, zoning laws and government regulations have been met. Just as with licenses and permits, your business needs insurance in order to operate safely and lawfully. There are several types of insurance policies created for different types of businesses with different risks.
Recommended: Learn what business insurance for your Nightclub will cost. Business Insurance for Nightclub. Your brand is what your company stands for, as well as how your business is perceived by the public. A strong brand will help your business stand out from competitors. The best promotion is word-of-mouth. Have successful events at the nightclub and everyone will tell their friends.
Local advertising is modestly effective, such as putting up flyers. Internet marketing works for some clubs in tourist areas. Handing out cards and having others do this is very effective.
These cards offer discounts, free drinks, free early entry, two-for-one specials, VIP treatment no entry lines , and other incentives for people to come to a club. For example, the Las Vegas strip is jam-packed with people handing out cards to the tourists that pass by. In Las Vegas, this type of marketing effort is oversaturated, but in other markets, these invitation cards work extremely well. A cover may be modest on regular nights and it may not start until a certain time such as after 10 p.
This means the customers that come early enough get in free. Putting on special events with famous bands is a way to attract attention. It is good to have the club located in the music scene area of the city, such as those areas found in Atlanta, the live music scene in Austin, Texas or Nashville, Tennessee.
Retaining customers is about treating people so special that they always feel like VIPs and then they will come back again and again. It is important to treat regular customers well, remember their names if they come back and if they return frequently give them the VIP treatment. This special treatment can be things like free drinks and invitations to exclusive private areas of the club that the general public is not allowed to enter. Still unsure about what kind of business you want to start?
After defining your brand and creating your logo the next step is to create a website for your business. While this may have been a reasonable fear back in , web technology has seen huge advancements in the past few years that makes the lives of small business owners much simpler. Recommended : Get started today using our recommended website builder or check out our review of the Best Website Builders.
Getting a phone set up for your business is one of the best ways to help keep your personal life and business life separate and private. There are many services available to entrepreneurs who want to set up a business phone system.
Recommended : Find the best phone system for your business; check out our review of the Best Business Phone Systems Select your state below for an in-depth guide on completing each of these steps in your home state. This means they like staying up all night and sleeping in the day. They also need to be very popular and know many other people who are able to attract customers to their club. Entrepreneurship Quiz. Getting out of bed after a wild night is the hardest part. As a nightclub owner, you will need to be awake during some of the regular business hours to take care of the things that normally happen only during the daytime, such as ordering supplies, making bank deposits, and getting change from the bank.
Your main job is to find trustworthy people to help you and then watch them very carefully to prevent stealing. If you have a good club manager to run the operations who does not take more than his or her fair and agreed upon share, then you will be able to enjoy this business. Your other main job is to promote the club. Most night club owners become somewhat famous in the city where the club is located because they go around town constantly inviting people to come to their club.
Entrepreneurs have reacted to this challenge by diversifying their services. As well as offering a space for people to come and drink, they now host themed evenings and even tables within smaller rooms to enhance the intimacy of the space.
In other words, nightclubs are moving upmarket to attract a new type of clientele. When opening your nightclub, you need to decide on a concept and choose one that can be specifically linked to your nightclub:. There's no bad decision, the important thing is to find a concept that aligns with the expectations of your customers. But you could be the only one doing so - meaning you could dominate this particular area of the market.
Think also about how you can make use of your space in the daylight hours. You could organise dance classes or art exhibitions in the afternoon, for example. Or you could look at combining these concepts, by turning your space into an art gallery and bar by day, gig venue, or cabaret in the early evening, and nightclub after 11 pm. One of the most important stages in the business plan of a nightclub concerns choosing the right premises. Your ideal surface area will depend on the number of customers you're likely to host and the services offered.
You'll, of course, need to factor in space for a bar. But if you want your nightclub to span over several rooms, you'll have to think carefully when choosing a suitable location.
Beyond space size, you'll have to consider where it's situated within the city. Is your nightclub easily accessible and visible to members of the public? If you're wary of noise regulations and keen to scope out a large space at a more reasonable price, you can opt for an urban building on the outskirts of the city. Adversely, you can go for somewhere in the city centre, but in this case, your rent will be higher and you will have to proactively manage noise by perhaps implementing a smoking area curfew to avoid an onslaught of complaints from angry neighbours as you open your nightclub.
The idea is to be as close as possible to your target market. Don't forget: it is mostly young people who go to clubs. So opening your nightclub within close proximity of the city's student area can be a quick win when it comes to attracting your clientele. To help you make your choice, you can find more detailed information on the different legal forms available to you on the gov. The second reason is a lack of knowledge about the business. From a personal perspective, you need to ask yourself if you're really the type of person who wants to own and run a bar.
Of course, you don't have to run it if you own it, but you'd better make sure you have a team of good, trustworthy managers working for you if you plan to be "hands off.
If you're the kind of person who would rather deal with paperwork or sit in an office where you don't have to talk to people, this business is not for you. You will need to be out there talking to people and shaking hands.
Getting to know your patrons, even if it's just to say "Hi," can go a long way for your customer service. Another thing you should consider is the time commitment and hours of operation. If you're an early riser, you might not enjoy having to work until 3 or 4 a.
If you have a family, you need to discuss how owning a bar will affect them. Many days you will have to be at your bar from the time you wake up--say, around 10 or 11 a. As you can see, this could take its toll on your family life. Eventually, you'll probably be able to have a saner schedule, once your managers and staff are well-trained, but it may take six months to a year to reach that point. If this could cause problems for you or your family, you may want to reconsider the idea of owning a bar.
If we haven't scared you away yet and you're ready to go for the bottle-in-the-sky dream, read on! Before you get started on the actual nuts and bolts of creating your dream bar, you have to decide what kind of establishment you'd like to own.
Let's take a trip through the various kinds of bars--from neighborhood bar to large-scale club--and see which one is right for you. Across the country, this is probably the most popular type of bar you'll find. There are a lot of neighborhoods out there, but you might find that there is room for one more in your area. According to the experts we interviewed, the startup cost for this kind of bar ranges widely, depending on the size and concept, but mostly on location.
Not coincidentally, the amount of revenue these businesses produce varies greatly, depending on your bar's location and capacity. Generally, sports bars offer some kind of menu options, such as sandwiches, burgers, pizza, sandwiches and appetizers. Since the main attraction is sporting events, sports bars have televisions in view of every seat, sometimes all tuned to different channels. Audio and video technology comes into play, with some owners spending a large percentage of their revenue on keeping up with the latest in technology--from satellites to big-screen TVs.
As with neighborhood bars, startup costs and revenue potential vary widely, depending on the size, concept and location. Most brewpubs only sell their own beer options on tap draft beer , with a few selections of bottled beer options, too.
Since you're creating your own product in a brewpub, you also have the ability to control what you make and sell--from quality to quantity. If you produce a popular beer, you have the opportunity to grow into a very successful operation.
Beer bars tend to have lower startup costs, which can often mean obtaining a less expensive, fixed-price license from your state government. The revenue potential depends on the geographical location and drinking trends in the community.
Beyond the traditional glass or bottle with a nice dinner, for many, wine is the drink of choice. In fact, women order wine more often than any other alcoholic beverage.
Wine bars offer guests the opportunity to taste a variety of different kinds of wine and the ability to learn more about their qualities. Specialty bars tend to stay small and intimate in size and are located in more sophisticated neighborhoods. The costs and revenues you can expect to find when opening a specialty bar depend mostly on the type of product you serve and your location. Whichever path you take, you must be prepared to spend a great deal of time and money on promotion to create your "buzz.
Most successful clubs draw on a city population of , or more. If you're in a small town or suburb, you may not have the customer base to open a large dance club.
Market research is key. Because of the high failure rate, you may come across desperate bar owners willing to take a low purchase price just to get out of the business. You'll also find that startup costs for bars vary depending on size, location and target market. So we can't give you a concrete amount for what you can expect to pay to start your business. Another bar owner in Florida spent several million dollars starting his club and he didn't even build the building!
The numbers vary all across the board. Your bar's size, location, type and concept will make your startup costs as individual as your business. However, the chart below will give you some idea of what you'll be looking at--from the low end to the high end.
Again, you could buy an existing bar that would nullify all the numbers on our low-end chart or start a large-scale club that's off the map from our high-end numbers. You'll have to do some research to find out what your bar will cost based on your concept, size and location. Here are the startup costs for two hypothetical bars.
The first, Night Owl, is a tavern with a maximum capacity of people and serves only beer and wine with a limited menu. The second, Neverland, is a 1,person-capacity nightclub with a full-service bar. Calling your bar an operation fits because of how much operating it takes to keep it running. Someone will have to mind the store every minute your doors are open and some minutes when they aren't, and your place will need some sort of monitoring during the off-hours to prevent vandalism or break-ins.
Many compare running your own business to raising a child. If true, then a smooth-running, problem-free, profit-making bar compares to parenting a happy, well-adjusted, self-assured teenager preparing for adulthood. But don't worry, the bumps in the road hold the best lessons. And as with parenting, you succeed with consistency and concern instead of rigidity and blame. The Road to Success The groundwork you lay to operate your bar includes the systems you use to track liquor and food.
Also, what liquor and food do you sell the most?
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