21st July 2011
After introducing the topic of Conceptualizing and Revolutionizing the idea of Bar Business in the Metros of India to the public through my blog, i was greeted with a lot of comments and suggestions. The most prominent among them being , Why do you want to start a bar business?Why not a restaurant or a Sports Bar?What drives you to the idea of opening a Chic Cocktail bars in the metros of India .My answer is very simple and very straight forward .Opening Such a joint will be profitable in the long run.
There are few businesses as glamorous as owning a bar or club. You'll be the proprietor of the establishment where people meet, greet, eat and drink. It'll be a home away from home for some of your customers, and you'll be the ruler of this social roost.
The profit potential for bars is incredible. By taking a $20 bottle of liquor, and selling it an ounce at a time for $1.50 and up, you can make as much as $192 per bottle. That's a whopping 800 percent return on your investment!
Owning your own bar or club can mean long hours, meticulous attention to detail, giving up vacations and weekends, and sometimes dealing with unruly customers. But if you have a clear vision, do your homework, and learn the ins and outs of the business, it can also translate into a rewarding and financially successful enterprise. If you're friendly, outgoing, like people and have good business sense, you're already well on your way.
I hope i have made my intentions on and the outcome from my project clear .
After introducing the topic of Conceptualizing and Revolutionizing the idea of Bar Business in the Metros of India to the public through my blog, i was greeted with a lot of comments and suggestions. The most prominent among them being , Why do you want to start a bar business?Why not a restaurant or a Sports Bar?What drives you to the idea of opening a Chic Cocktail bars in the metros of India .My answer is very simple and very straight forward .Opening Such a joint will be profitable in the long run.
There are few businesses as glamorous as owning a bar or club. You'll be the proprietor of the establishment where people meet, greet, eat and drink. It'll be a home away from home for some of your customers, and you'll be the ruler of this social roost.The profit potential for bars is incredible. By taking a $20 bottle of liquor, and selling it an ounce at a time for $1.50 and up, you can make as much as $192 per bottle. That's a whopping 800 percent return on your investment!
Owning your own bar or club can mean long hours, meticulous attention to detail, giving up vacations and weekends, and sometimes dealing with unruly customers. But if you have a clear vision, do your homework, and learn the ins and outs of the business, it can also translate into a rewarding and financially successful enterprise. If you're friendly, outgoing, like people and have good business sense, you're already well on your way.
I hope i have made my intentions on and the outcome from my project clear .
