Price is, of course, the number one consideration when it comes to your suppliers. You must do all you can to keep cost down, especially when you are first starting a bar or nightclub. But this is not and should not be the only consideration. There is usually a reason why one supplier offers bar supplies at so much lower than the usual rates.
Negotiating a bar lease is one of the key steps in the process of owning your bar and will have consequences that will ripple throughout your ownership of your bar or nightclub affecting everything from bar design and build-outs to how much money you will have to start your career in the bar business. If you don’t secure a favorable bar or nightclub lease, not only will you be paying much more than you should, but you may also get stuck paying it for a prolonged period of time. In fact, one of the reasons why so many first time bar and nightclub owners fail the first time LINK they venture into the business is because they mismanage this stage of the process.
Even before you begin haggling over the lease, you need to do your homework so that you can have a clear sense of the value of the location. This is important because it will determine how far you are willing to go in leasing the bar or nightclub location. One of the big mistakes that first time bar owners make is jumping into what looks like the “perfect location” without doing the proper research.
For those of us not involved directly in the insurance business, figuring out what kinds of insurance for bars and nightclubs we need can be a bit of a pain. That said, there are some kinds of insurance that you will definitely want, while other kinds of bar and nightclub insurance might only be a necessity in certain situations.
Bar theft insurance and other employee related insurance like worker’s compensation may seem like an unnecessary hassle, given how many insurance plans you may already be dealing with, but most bars find that they must carry various kinds of insurance related to their workers. So what should you carry? Theft Insurance for Bars? Theft is […]
Disaster insurance for bars and nightclubs may just seem like an unnecessary frill and indeed, for many bar and nightclub owners it is simply too expensive. There is also a great deal of insurance between what is covered by disaster insurance for bars and nightclubs versus what the COMMERCIAL INSURANCE FOR A BAR or nightclub already carries.
So in this article I will explain what disaster insurance is and what it protects you against and help you get some clarity as to whether and in what quantity you might want to carry disaster insurance.
Liquor liability insurance covers legal problems that may occur from customers legally drinking at your establishment. For example, your bar liquor policy would cover the possible legal problems arising from two or more of your patrons getting into a fight in your establishment if one of them claimed you were responsible because you let them get drunk.
It would also cover you if one of your customers left your bar and got involved in a crash later in the night, should one of the participants in the crash hold you responsible for the customer’s inebriation. It would also cover alcohol poisoning should it occur.
When it comes to bar insurance, however, there are certain factors that will have a huge effect on your policy rates. Sometimes minor changes to the way that you run your bar will make a big change in terms of your bar or nightclub insurance policy.
For many of us in the bar business, bar bookkeeping is perhaps the most difficult part of the daily maintenance of our facilities. When we dreamed of opening a bar, few of us pictured sitting with a calculator balancing the books at 2:30 AM, tired and smelling of spilled beer and sweat. Yet bar bookkeeping is a fundamental skill necessary for the success of your bar business and at the core of effective bar management.
The grand opening event is also one of the key moments that will help decide the success of your nightclub or bar. Putting so much weight on your Grand Opening ideas may sound like an exaggeration, but it is not. Especially when it comes to nightclubs, making a splash during your Grand Opening party is a strong determinant of success. The club Grand Opening is not the only thing, but when it comes to creating the right aura of mystery and exclusiveness, the Grand Opening party can make all the difference.