hchi
03-05-2005, 07:07 AM
Hey Guys keep up the good work you are doing on these forumns as they look like they are a god resource for information and ideas.
To start off Hi im from Australia and i would like to open a small Bar lounge (****tail). Im 24 and on my final year of marketing at university and have had 2 years experience in a kitchen as a cook so I have experience in managing people I think, with no experience in a bar. Is it hard to learn the workings of a bar could working in one for 6 months and seeing how it is being run enough? An opportunity has presented itself on one of the cities hot night spots that has cheap rent and is underground 7x20 aprox 140 sq meters. It used to be an old attic and I would have to build the bar up from scratch no toilets. The street is an upmarket street with plenty of cafes and bars on it. I am wondering if this is too small and being a bar and only being buy 4 nights of the week if its worth a risk. Ive saved 20k and have a small unit how much would it all cost? ive got a limit of 150k. Basically what im asking is what type of money a small bar can make if it cant pay me a wage of 35k and make a 50k netprofit margin then its not worth the headaches rather find a day job with beneifits but if it has the potential to make more than that than it would be a nice job to have that I would love to try. Any information on pricing setup would be helpful. Thank you
To start off Hi im from Australia and i would like to open a small Bar lounge (****tail). Im 24 and on my final year of marketing at university and have had 2 years experience in a kitchen as a cook so I have experience in managing people I think, with no experience in a bar. Is it hard to learn the workings of a bar could working in one for 6 months and seeing how it is being run enough? An opportunity has presented itself on one of the cities hot night spots that has cheap rent and is underground 7x20 aprox 140 sq meters. It used to be an old attic and I would have to build the bar up from scratch no toilets. The street is an upmarket street with plenty of cafes and bars on it. I am wondering if this is too small and being a bar and only being buy 4 nights of the week if its worth a risk. Ive saved 20k and have a small unit how much would it all cost? ive got a limit of 150k. Basically what im asking is what type of money a small bar can make if it cant pay me a wage of 35k and make a 50k netprofit margin then its not worth the headaches rather find a day job with beneifits but if it has the potential to make more than that than it would be a nice job to have that I would love to try. Any information on pricing setup would be helpful. Thank you