Bar Business Plan
Whatever type of bar business you're thinking of starting, this comprehensive plan will help you plan in the right direction. Available to download online immediately, it's guaranteed to get your venture the finance you need.
The planning document uses Microsoft Word with pre-written financials in Excel. Whether you want to open a wine bar, invest in the tenancy of a public house or run a sports bar, this business plan will help you start-up effectively.
Executive Summary of This Bar Business Plan
This executive summary is taken directly from the bar business plan document.
Overview of the Business
Wonderbar Limited is an incorporated Limited Company with plans to redevelop the existing Bar55 wine bar in the local high street. This exciting new venture will see the transformation of the business over a period of three months.
Three highly regarded entrepreneurs who have 24 years combined experienced in running and managing wine and sports bars in the region started the Wonderbar concept. This acquisition will be the fourth in the chain that will see a total of 12 establishments created over the next five years.
The Target Market and Business Opportunities
As with our existing portfolio, Wonderbar is targeting single people in the age range of 22 to 35 for evening trade and local business custom for the lunch time trading hours. The local area has above average earnings, and the existing property is profitable in its current format.
Key Products Offered
Although the main bar offers an extensive collection of wines from around the world, there are also casual and formal areas arranged for dining options. The core offerings are:
- A comprehensive range of red and white wines including champagne from the old and new world.
- A light lunch menu to feature fresh locally sourced produce.
- A more comprehensive evening menu based on the seasons.
- Income realised from the rental of the small hospitality room for functions and meetings.
Sales and Profits Forecasts
Revenues forecast for the first year of operations are £603,306 with this increasing by 10-12% for the subsequent two years. Net profits are forecast to be 21% after Directors salaries of £11,000 and tax and interest.
Our gross profit margins are to average 29% over the term of this plan.
Initial Costs and Management
Wonderbar Limited is a new company set up and run by Mr. Paul Duggan, Mrs. Joanne Carnagie, and Mr. Gerard Davies, who have 24 years' combined experience in the bar business.
The assigned premises are legally purchased using a 15-year mortgage. The owners will invest £90,000 to buy the initial stock, start-up costs and to cover initial cash flow, with repayment projected during the first operational year.
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Benefits of this Bar Business Plan
- Full narrative specific for a bar.
- All financial statements included.
- Latest market research data.
- Marketing and sales plan.
- Financial forecasting wizards.
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