leroyjenkins
05-12-2009, 10:54 PM
Hello all,
I want to introduce myself, i've been lurking for a few months while I critique my business plans but figured I would go ahead and take the plunge and register so I can get some feedback from some established managers and owners. This site has such a wealth of information and i'm grateful that we have so much education "on tap," :p (pun intended).
Im 27 and have been patronizing bars all over the state of Texas. I've been in every style of bar, from can't afford to turn on the air condition kind of bars to can't afford the drinks kind of bars. Currently, I am putting together my start up plans for a small 2-3k sq ft neighborhood bar that I will be personally financing 100%. I also own my own contracting company which is established across 3 cities in TX and runs by itself for the most part, only intricate details need my attention through the business day. The bar is going to serve as a secondary income vehicle, I have more than enough resources from my primary income to float it for a substantial amount of time if things dont necessarily go as planned. I am also extremely liquid and can adjust for major purchases or "hiccups" :p (pun number 2) if need be.
With all that out of the way, I am doing my research as to where I start. Im almost certain of the name, going to register dba here within the next week so that I can get working on the license and legal docs. I plan to LLC the business so that I dont have any shortfalls leaving my assets from both sides (other side is already LLC'd) unprotected.
I have created a list of everything that I could possibly need from a 100% scratch build project. Im leaving plenty of capital aside for build out, structural mods to the property, upgrades etc etc. With my current list, I am looking at roughly 40k in capital to be applied to everything from tumblers to Golden Tee boxes and cable bills. Ive also set aside monies to cover roughly 4 mos in operating expenses for rent and utilities.
My idea for this bar is typical community watering hole with a different theme throughout the week to cater to several different clientele bases. Nothing too drastic, not like going from country to rap music being played, but something that could cater to all at any given time. Like most bars, this one will be somewhat anchored to sporting events and the like. I do intend to have karaoke on select nights, a wii available, and your typical pub games of the like as well.
The layout of the bar is going to be diverse enough to be able to efficiently change the particular theme without spending alot in resources. A costume night one night, perhaps a girls nite, promotions have always been my strong point. I am well networked and I feel that I won't have a problem getting people in the place, i'm more focused on content within the bar and making sure that it fits the target audience.
So far, I have not selected a particular location but I know what generalized area I want to put it in. I do plan on putting it in a strip center (I am aware of the restrictions within strip malls and zoning) that is openly viewable from the main road. There are no other established bars in a 2 mile radius and is in a densly populated area.
My questions are, after I get my legal docs prepared, and choose my location, what is my next step?
Does anyone have any idea how long a liquor license takes to be generated in the state of Texas? I figure, i'm looking at a start date of 10-1-9 so as of today, I have 5 months to select a location, execute my buildout and floorplan, get everything inspected and get the ok from the city and state, and them proceed to purchase all of my equipment. Does it seem that i'm leaving anything untouched? Anything that i'm missing?
I do intend to keep this post revolving so that I can log my experiences for future reference.
Thanks in advance guys! :)
I want to introduce myself, i've been lurking for a few months while I critique my business plans but figured I would go ahead and take the plunge and register so I can get some feedback from some established managers and owners. This site has such a wealth of information and i'm grateful that we have so much education "on tap," :p (pun intended).
Im 27 and have been patronizing bars all over the state of Texas. I've been in every style of bar, from can't afford to turn on the air condition kind of bars to can't afford the drinks kind of bars. Currently, I am putting together my start up plans for a small 2-3k sq ft neighborhood bar that I will be personally financing 100%. I also own my own contracting company which is established across 3 cities in TX and runs by itself for the most part, only intricate details need my attention through the business day. The bar is going to serve as a secondary income vehicle, I have more than enough resources from my primary income to float it for a substantial amount of time if things dont necessarily go as planned. I am also extremely liquid and can adjust for major purchases or "hiccups" :p (pun number 2) if need be.
With all that out of the way, I am doing my research as to where I start. Im almost certain of the name, going to register dba here within the next week so that I can get working on the license and legal docs. I plan to LLC the business so that I dont have any shortfalls leaving my assets from both sides (other side is already LLC'd) unprotected.
I have created a list of everything that I could possibly need from a 100% scratch build project. Im leaving plenty of capital aside for build out, structural mods to the property, upgrades etc etc. With my current list, I am looking at roughly 40k in capital to be applied to everything from tumblers to Golden Tee boxes and cable bills. Ive also set aside monies to cover roughly 4 mos in operating expenses for rent and utilities.
My idea for this bar is typical community watering hole with a different theme throughout the week to cater to several different clientele bases. Nothing too drastic, not like going from country to rap music being played, but something that could cater to all at any given time. Like most bars, this one will be somewhat anchored to sporting events and the like. I do intend to have karaoke on select nights, a wii available, and your typical pub games of the like as well.
The layout of the bar is going to be diverse enough to be able to efficiently change the particular theme without spending alot in resources. A costume night one night, perhaps a girls nite, promotions have always been my strong point. I am well networked and I feel that I won't have a problem getting people in the place, i'm more focused on content within the bar and making sure that it fits the target audience.
So far, I have not selected a particular location but I know what generalized area I want to put it in. I do plan on putting it in a strip center (I am aware of the restrictions within strip malls and zoning) that is openly viewable from the main road. There are no other established bars in a 2 mile radius and is in a densly populated area.
My questions are, after I get my legal docs prepared, and choose my location, what is my next step?
Does anyone have any idea how long a liquor license takes to be generated in the state of Texas? I figure, i'm looking at a start date of 10-1-9 so as of today, I have 5 months to select a location, execute my buildout and floorplan, get everything inspected and get the ok from the city and state, and them proceed to purchase all of my equipment. Does it seem that i'm leaving anything untouched? Anything that i'm missing?
I do intend to keep this post revolving so that I can log my experiences for future reference.
Thanks in advance guys! :)