Product
Prices
(Product 1)
(Amount)
(Product 2)
(Amount)
(Product 3)
(Amount)
[Sender.Company] is under the guidance of (Owner Name), a seasoned professional with (Number of Years) years of extensive experience in the bar industry.
(Provide a Brief Description of the Company Owner’s History)
This cumulative experience has endowed (Owner Name) with a profound understanding of all bar management facets, including operational aspects, day-to-day functions, and strategic business management elements like staffing and marketing strategies.
[Sender.Company] will mainly target the following segments:
College Students
Working Professionals
Local Residents
Competitors.
Some businesses with similar profiles can be found in [Sender.Company] ’s location. As a result, [Sender.Company] will face direct or indirect competition with its competitors. The competitors of the company are briefly described here.
Competitor Name | Brief Overview of Competitor |
---|---|
| |
[Sender.Company] will provide its client with the following competitive advantages:
(Competitive Advantage 1)
(Competitive Advantage 2)
[sender.company] ’s branding and positioning.
The [Sender.Company] brand will place its primary emphasis on the Company's distinctive value proposition, which encompasses the following key elements:
Premium Beverages at Affordable Prices
Convenient and Entertaining Locale
Exceptional Customer Care
Exquisite Cocktail Selection
Comprehensive Wine Selection
[Sender.Company] brand is all about delivering a remarkable and accessible experience.
[Sender.Company] anticipates that its primary target audience will consist of individuals residing or working within a 5-mile radius of its establishment. To effectively connect with this demographic, the company has devised a comprehensive promotional strategy that encompasses various approaches.
Direct Mail
Public Relations
Advertising
Pre-Opening Events
Social Media Marketing
[Sender.Company] aims to reach its target market through a multifaceted promotional strategy. This approach involves traditional methods like direct mail and advertising. It leverages the power of social media and community engagement to create a strong presence and attract customers within the vicinity.
[Sender.Company] aims to set its pricing at a moderate level, ensuring that customers perceive excellent value when they choose to visit the bar.
(Payment Option 1)
(Payment Option 2)
(Payment Option 3)
(Payment Option 4)
Functional roles, ceo/founder.
As the visionary leader of the bar business, (Mr./Mrs./Ms.) (Name) is profoundly dedicated to mixology and creating an exceptional bar experience.
Kitchen Functions
Food Preparation: Ensuring the kitchen functions smoothly, focusing on timely and consistent food preparation, is vital to delivering top-notch culinary experiences to patrons.
Bar Functions
Order Taking and Fulfillment
Customer Service
Janitor/Maintenance Personnel
[Sender.Company] recognizes the significance of these functions in executing its business model effectively. Each position uniquely delivers a seamless experience to customers, from administrative tasks underpinning the business's foundation to kitchen and bar operations directly impacting the quality of service and offerings.
In the upcoming (Number of Months) months, [Sender.Company] has charted an ambitious roadmap of milestones. These milestones are crucial markers, demonstrating the company's progress and steadfast commitment to achieving excellence in the (Industry Name).
As an example:
Date | Milestone |
---|---|
(MM/DD/YY) | (Milestone 1) |
(MM/DD/YY) | (Milestone 2) |
(MM/DD/YY) | (Milestone 3) |
These milestones underscore [Sender.Company] 's unwavering commitment to consistently making tangible and measurable advancements in its pursuit of success within the (Industry Name).
Source and use of funds.
(Source of Fund) to launch its catering business. The funds will be used for capital expenditures, labor costs, and acquiring supplies and equipment. The following table shows the proposed startup costs:
Name | Price | QTY | Subtotal |
---|---|---|---|
Item 1 Description of first item | $35.00 | 5 | $175.00 |
Item 2 Description of second item | $55.00 | $55.00 | |
Item 3 Description of third item | $200.00 | $200.00 |
Subtotal | $230.00 |
Discount | -$115.00 |
Tax | $23.00 |
Total | $138.00 |
These are [Sender.Company] 's pro forma financial statements for the next five (5) years. It contains the business's income statement, balance sheet, and cash flow statement.
Attach below your projected five-year financial statement.
[Recipient.FirstName] [Recipient.LastName]
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Creating a business plan is essential for any business, but it can be beneficial for bar businesses who want to improve their strategy or raise funding.
A well-crafted business plan not only outlines the vision for your company, but also documents a step-by-step roadmap of how you will accomplish it. To create an effective business plan, you must first understand the components essential to its success.
This article provides an overview of the critical elements that every bar business owner should include in their business plan.
What is a bar business plan.
A bar business plan is a formal written document describing your company’s business strategy and feasibility. It documents the reasons you will be successful, your areas of competitive advantage, and it includes information about your team members. Your business plan is a key document that will convince investors and lenders (if needed) that you are positioned to become a successful venture.
A bar business plan is required for banks and investors. The document is a clear and concise guide to your business idea and the steps you will take to make it profitable.
Entrepreneurs can also use this as a roadmap when starting their new company or venture, especially if they are inexperienced in starting a business.
The following are the critical components of a successful bar business plan:
The executive summary of a bar business plan is a one- to two-page overview of your entire business plan. It should summarize the main points, which will be presented in full in the rest of your business plan.
This section should include a brief history of your company. Include a short description of how your company started and provide a timeline of milestones your company has achieved.
If you are just starting your bar , you may not have a long company history. Instead, you can include information about your professional experience in this industry and how and why you conceived your new venture. If you have worked for a similar company before or have been involved in an entrepreneurial venture before starting your bar company, mention this.
You will also include information about your chosen bar business model and how, if applicable, it is different from other companies in your industry.
The industry or market analysis is an essential component of a bar business plan. Conduct thorough market research to determine industry trends and document the size of your market.
Questions to answer include:
You should also include sources for your information, such as published research reports and expert opinions.
This section should include a list of your target audience(s) with demographic and psychographic profiles (e.g., age, gender, income level, profession, job titles, interests). You will need to provide a profile of each customer segment separately, including their needs and wants.
For example, a bar business’ customers may include:
You can include information about how your customers decide to buy from you as well as what keeps them buying from you.
Develop a strategy for targeting those customers who are most likely to buy from you, as well as those that might be influenced to buy your products or bar services with the right marketing.
The competitive analysis helps you determine how your product or service will differ from competitors and what your unique selling proposition (USP) might be that will set you apart in this industry.
For each competitor, list their strengths and weaknesses. Next, determine your areas of competitive differentiation or advantage; that is, in what ways are you different from and ideally better than your competitors.
This part of the business plan is where you determine and document your marketing plan. . Your plan should be clearly laid out, including the following 4 Ps.
This part of your bar business plan should include the following information:
You also need to include your company’s business policies in the operations plan. You will want to establish policies related to everything from customer service to pricing, to the overall brand image you are trying to present.
Finally, and most importantly, your Operations Plan will outline the milestones your company hopes to achieve within the next five years. Create a chart that shows the key milestone(s) you hope to achieve each quarter for the next four quarters and then each year for the following four years. Examples of milestones for a bar business include reaching $X in sales. Other examples include increasing the number of regular customers by a certain amount or adding a few new menu items.
List your team members here, including their names and titles, as well as their expertise and experience relevant to your specific bar industry. Include brief biography sketches for each team member.
Particularly if you are seeking funding, the goal of this section is to convince investors and lenders that your team has the expertise and experience to execute your plan. If you are missing key team members, document the roles and responsibilities you plan to hire for in the future.
Here, you will include a summary of your complete and detailed financial plan (your full financial projections go in the Appendix).
This includes the following three financial statements:
Your income statement should include:
Revenues | $ 336,090 | $ 450,940 | $ 605,000 | $ 811,730 | $ 1,089,100 |
$ 336,090 | $ 450,940 | $ 605,000 | $ 811,730 | $ 1,089,100 | |
Direct Cost | |||||
Direct Costs | $ 67,210 | $ 90,190 | $ 121,000 | $ 162,340 | $ 217,820 |
$ 67,210 | $ 90,190 | $ 121,000 | $ 162,340 | $ 217,820 | |
$ 268,880 | $ 360,750 | $ 484,000 | $ 649,390 | $ 871,280 | |
Salaries | $ 96,000 | $ 99,840 | $ 105,371 | $ 110,639 | $ 116,171 |
Marketing Expenses | $ 61,200 | $ 64,400 | $ 67,600 | $ 71,000 | $ 74,600 |
Rent/Utility Expenses | $ 36,400 | $ 37,500 | $ 38,700 | $ 39,800 | $ 41,000 |
Other Expenses | $ 9,200 | $ 9,200 | $ 9,200 | $ 9,400 | $ 9,500 |
$ 202,800 | $ 210,940 | $ 220,871 | $ 230,839 | $ 241,271 | |
EBITDA | $ 66,080 | $ 149,810 | $ 263,129 | $ 418,551 | $ 630,009 |
Depreciation | $ 5,200 | $ 5,200 | $ 5,200 | $ 5,200 | $ 4,200 |
EBIT | $ 60,880 | $ 144,610 | $ 257,929 | $ 413,351 | $ 625,809 |
Interest Expense | $ 7,600 | $ 7,600 | $ 7,600 | $ 7,600 | $ 7,600 |
$ 53,280 | $ 137,010 | $ 250,329 | $ 405,751 | $ 618,209 | |
Taxable Income | $ 53,280 | $ 137,010 | $ 250,329 | $ 405,751 | $ 618,209 |
Income Tax Expense | $ 18,700 | $ 47,900 | $ 87,600 | $ 142,000 | $ 216,400 |
$ 34,580 | $ 89,110 | $ 162,729 | $ 263,751 | $ 401,809 | |
10% | 20% | 27% | 32% | 37% |
Include a balance sheet that shows your assets, liabilities, and equity. Your balance sheet should include:
Cash | $ 105,342 | $ 188,252 | $ 340,881 | $ 597,431 | $ 869,278 |
Other Current Assets | $ 41,600 | $ 55,800 | $ 74,800 | $ 90,200 | $ 121,000 |
Total Current Assets | $ 146,942 | $ 244,052 | $ 415,681 | $ 687,631 | $ 990,278 |
Fixed Assets | $ 25,000 | $ 25,000 | $ 25,000 | $ 25,000 | $ 25,000 |
Accum Depreciation | $ 5,200 | $ 10,400 | $ 15,600 | $ 20,800 | $ 25,000 |
Net fixed assets | $ 19,800 | $ 14,600 | $ 9,400 | $ 4,200 | $ 0 |
$ 166,742 | $ 258,652 | $ 425,081 | $ 691,831 | $ 990,278 | |
Current Liabilities | $ 23,300 | $ 26,100 | $ 29,800 | $ 32,800 | $ 38,300 |
Debt outstanding | $ 108,862 | $ 108,862 | $ 108,862 | $ 108,862 | $ 0 |
$ 132,162 | $ 134,962 | $ 138,662 | $ 141,662 | $ 38,300 | |
Share Capital | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 |
Retained earnings | $ 34,580 | $ 123,690 | $ 286,419 | $ 550,170 | $ 951,978 |
$ 34,580 | $ 123,690 | $ 286,419 | $ 550,170 | $ 951,978 | |
$ 166,742 | $ 258,652 | $ 425,081 | $ 691,831 | $ 990,278 |
Include a cash flow statement showing how much cash comes in, how much cash goes out and a net cash flow for each year. The cash flow statement should include:
Below is a sample of a projected cash flow statement for a startup bar .
Net Income (Loss) | $ 34,580 | $ 89,110 | $ 162,729 | $ 263,751 | $ 401,809 |
Change in Working Capital | $ (18,300) | $ (11,400) | $ (15,300) | $ (12,400) | $ (25,300) |
Plus Depreciation | $ 5,200 | $ 5,200 | $ 5,200 | $ 5,200 | $ 4,200 |
Net Cash Flow from Operations | $ 21,480 | $ 82,910 | $ 152,629 | $ 256,551 | $ 380,709 |
Fixed Assets | $ (25,000) | $ 0 | $ 0 | $ 0 | $ 0 |
Net Cash Flow from Investments | $ (25,000) | $ 0 | $ 0 | $ 0 | $ 0 |
Cash from Equity | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 |
Cash from Debt financing | $ 108,862 | $ 0 | $ 0 | $ 0 | $ (108,862) |
Net Cash Flow from Financing | $ 108,862 | $ 0 | $ 0 | $ 0 | $ (108,862) |
Net Cash Flow | $ 105,342 | $ 82,910 | $ 152,629 | $ 256,551 | $ 271,847 |
Cash at Beginning of Period | $ 0 | $ 105,342 | $ 188,252 | $ 340,881 | $ 597,431 |
Cash at End of Period | $ 105,342 | $ 188,252 | $ 340,881 | $ 597,431 | $ 869,278 |
You will also want to include an appendix section which will include:
Writing a good business plan gives you the advantage of being fully prepared to launch or grow your bar company. It not only outlines your business vision but also provides a step-by-step process of how you are going to accomplish it.
A well-written bar business plan is a must for any new bar owner. It’s a great tool for attracting investors and keeping the company focused.
Other helpful articles.
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by I.J. Karam | Jan 8, 2024 | Business Plans
Embarking on the journey of opening a bar is a thrilling venture, filled with the promise of convivial nights and the creation of a vibrant social hub. Yet, beneath the allure of clinking glasses and laughter lies the strategic foundation that will either elevate or impede your venture—the business plan. In the dynamic realm of hospitality, where every concoction and ambiance detail matters, a well-crafted bar business plan becomes the compass steering your project towards prosperity. This article – written by our business planning experts with over 15 years of experience helping F&B and bar owners launch successful ventures – navigates the intricacies of drafting a compelling bar business plan, unraveling the crucial steps to transform your vision into a thriving reality.
Whether you’re a seasoned entrepreneur or a first-time bar owner, a business plan is your blueprint, guiding decisions and attracting potential investors. It’s not just a document; it’s your narrative—a story that convinces others to join your pursuit of mixology and merriment. This guide aims to demystify the process, helping you weave together the essential elements that will set the stage for a successful bar business. So, let’s embark on this expedition, where the pen is your sword, and the business plan, your map to the bustling kingdom of nightlife entrepreneurship.
Before we start, we would like to announce that you can now download our ready-made bar business plan template in Word with automatic financials in Excel . This off the shelf and cost-effective solution will help you create a solid and investor-grade business plan for your bar project in record time even if you have very little financial knowledge. Check it out now.
Now, let’s delve into the heart of your venture—the unique concept that will distinguish your bar in a sea of entertainment options. Your business concept is the DNA of your establishment, encapsulating its soul and setting the tone for the entire experience. Begin by vividly describing your bar’s atmosphere, theme, and the emotions you want patrons to feel as they step through the door.
Consider your target audience—those you envision sharing stories over crafted cocktails or dancing to curated beats.
What sets your bar apart? Is it the artisanal approach to mixology, an immersive theme, or a fusion of diverse cultural influences?
Define the essence of your bar, ensuring it resonates with the desires and preferences of your intended clientele.
Understanding your customer profile is key. Is your bar a chic lounge attracting young urban professionals, or a cozy pub catering to a more laid-back crowd?
A nuanced comprehension of your audience will shape not only your offerings but also your marketing strategy. As you embark on this conceptual journey, remember: a well-defined business concept is the compass guiding patrons to your unique oasis in the vast landscape of nightlife options.
The market analysis section of your bar business plan is the compass that points to opportunities and navigates potential challenges.
Begin by surveying the broader bar industry, acknowledging trends, and recognizing patterns that could impact your business. Dive into your local market—examine the competition, identify key players, and discern the unmet needs that your bar could fulfill. This section is not merely about numbers; it’s about painting a vivid picture of your business’s place in the market ecosystem.
It is mandatory to conduct a thorough competitor analysis, understanding their strengths and weaknesses. Uncover the gaps in the market that your bar can elegantly fill, offering something unique and compelling. Define your target market—age groups, preferences, and demographics—aligning your concept with the desires of those who will make your bar their preferred destination.
A bar SWOT analysis (Strengths, Weaknesses, Opportunities, Threats) is a powerful tool at this stage, providing a holistic view of your venture. By understanding these elements, you can position your bar strategically, harnessing strengths and mitigating weaknesses.
In essence, this section is your reconnaissance mission, arming you with the insights needed to steer your bar through the dynamic currents of the market.
With your bar’s concept and market dynamics firmly grasped, the spotlight now turns to the engine that propels your vision into reality—operations and management. This section is the backstage pass, providing a glimpse into the organizational structure, key players, and the synchronized dance that keeps your bar running seamlessly.
The first step here consists of outlining the organizational structure by defining the roles and responsibilities of each team member. From bartenders crafting liquid art to floor managers orchestrating the flow of patrons, paint a picture of the skilled individuals who will bring your vision to life. Emphasize the unique skills and experiences that each team member contributes.
Recruitment is a crucial aspect. Detail your strategy for assembling a team that not only possesses the requisite skills but also embodies the spirit of your bar. Whether you’re tapping into seasoned industry professionals or nurturing fresh talent, the success of your bar is intrinsically tied to the caliber of your team.
Ultimately, this section encapsulates the choreography of your operations. It’s about showcasing the skilled performers who will transform your bar from a concept on paper to a living, breathing entity—a place where every interaction, every pour, and every detail contributes to the symphony of a memorable night out.
Now that the stage is set and the curtain is ready to rise, it’s time to showcase the stars of your show—your products and services. This section is the menu of experiences you’ll be serving to your patrons, encapsulating the essence of your bar’s identity.
This section should provide a comprehensive menu overview, detailing the range of beverages and offerings that will tantalize the taste buds of your clientele. Whether it’s artisanal cocktails, curated wine selections, or a unique selection of craft beers, it is a good idea to articulate the flavors and experiences your bar promises.
Make sure to highlight your signature offerings and specialty drinks—these are the showstoppers that will not only entice first-time visitors but keep patrons coming back for more. Consider the presentation, the ingredients, and the stories behind each concoction; after all, a great drink is not just a beverage but a narrative in a glass.
Next, your bar’s pricing strategy. You need to balance affordability with the perceived value of your offerings. Be transparent about the costs associated with your products, ensuring that your pricing aligns with your target market’s expectations while sustaining the profitability of your business.
Lastly, you need to provide insights into your suppliers and inventory management. Establishing reliable partnerships with suppliers ensures a consistent flow of high-quality ingredients, while effective inventory management prevents wastage and maximizes profitability.
This section is the promotional melody, orchestrating the symphony that turns a casual passerby into a devoted regular.
Here you need to describe the identity of your bar. What emotions do you want associated with your brand? Is it a trendy hotspot, a cozy hideaway, or a fusion of eclectic vibes? Define your brand’s personality and weave it into every aspect of your marketing collateral—from your logo to your social media presence.
Next, describe the channels through which you’ll communicate with your audience. In the digital age, social media is often a powerful ally; however, don’t underestimate the impact of traditional channels such as local partnerships, events, and word-of-mouth. Develop a content calendar that aligns with your brand narrative, utilizing a mix of engaging visuals, storytelling, and promotions to keep your audience captivated.
Also make sure to include launching promotional activities to create buzz during the opening phase. Special events, happy hour discounts, or exclusive tastings can act as magnets, attracting curious patrons eager to experience the novelty your bar promises.
No business can thrive without a proper sales strategy and bars and pubs are no exception. In this section, provide a realistic sales forecast that reflects your understanding of the market demand, pricing strategy, and promotional efforts. This is the crystal ball that investors and stakeholders will peer into, gauging the potential success of your bar. Ground your projections in market research, historical data if available, and the unique value proposition your bar brings to the table.
We cannot emphasize enough the importance of including a robust financial plan. This is probably the section that will draw the most attention from your readers or potential investors so make sure you nail it.
Start by outlining the initial investment required to turn your concept into a reality. This includes costs such as lease or purchase of the venue, interior design, licensing, permits, equipment, initial inventory, marketing expenses for the launch, and any other upfront expenditures.
Clearly articulate your funding needs. Whether you’re relying on personal savings, loans, investors, or a combination, provide a transparent breakdown of how you plan to finance your venture. This section is crucial for potential investors who want to understand the commitment and financial structure of your bar.
Based on your sales forecast (which we discussed above), your market analysis and pricing strategy, it is now time to generate detailed financial projections for your bar project. Projections should cover at least the first three years, offering a glimpse into the expected revenue and expenses. Break down the projections into monthly or quarterly intervals, showcasing the seasonality or trends in the bar industry.
You will also need to include a profit and loss statement, cash flow forecast, and balance sheet. These financial statements provide a comprehensive view of your bar’s financial health, helping you and potential investors understand how the business will generate revenue, manage expenses, and maintain liquidity.
For more information on this, we highly recommend you consult the financial plan guides section on our website.
Define the point at which your bar will break even—when total revenue equals total costs. This analysis provides a crucial benchmark, helping you understand when your business is expected to become profitable. It also offers insights into the level of sales needed to cover your operational costs.
It is a good idea to include a section on risk management. Outline specific contingency plans for the most critical risks your venture may face. This could involve having backup suppliers, building a financial reserve for unexpected expenses, or implementing flexibility in your operations to adapt quickly to changing circumstances. The ability to pivot in response to challenges is a hallmark of a resilient and successful business.
As the final curtain falls on this exploration of crafting a business plan for your bar, it’s time to distill the essence of your venture into a compelling conclusion. This section serves as the encore, leaving readers with a lasting impression and a call to action.
Summarize the key elements discussed throughout the business plan. Revisit the unique concept, the market analysis insights, the operational intricacies, the enticing products and services, the marketing symphony, the financial composition, and the resilience woven into your risk analysis. Concisely restate the aspects that make your bar stand out in the competitive landscape.
Encourage readers to take the next steps. Whether it’s reaching out to potential investors, fine-tuning specific aspects of the business plan, or moving forward with the execution phase, provide a clear call to action. This could be an invitation to connect for further discussions, an announcement of your opening date, or an introduction to your crowdfunding campaign.
That’s it! We hope this detailed guide on how to build a solid business plan for a bar was useful. In case you are interested in a cost-effective solution, we highly recommend you check our ready-made bar business plan template . This is probably the quickest, most efficient way to create an investor-grade business plan for your bar venture.
Download a Ready-Made Business Plan, Choose Your Industry:
BUSINESS STRATEGIES
Starting a business can be an exciting and rewarding venture. However, it requires careful planning and strategizing to ensure its success. One crucial aspect of this planning process is creating a comprehensive and clear business plan . This holds true for any type of business , including a bar business.
A bar business plan is a written document that outlines the goals, strategies and financial projections for starting and operating a bar establishment. It serves as a roadmap for your team, guiding you through the various stages of setting up and managing your bar business.
Looking to take your bar business online by making a website ? Take Wix’s website builder for a spin.
Writing a comprehensive and clear business plan is crucial when starting any business. It provides a roadmap for success and helps entrepreneurs make informed decisions. A well-structured bar business plan typically consists of six main parts:
Executive summary
Business and domain names
Market analysis and research
Operations plan
Marketing and advertising plan
Financial plan
The executive summary is an overview of your bar business plan. It should concisely summarize the key points and highlight the most important aspects of your business. This section is typically written last, but it appears at the beginning of the plan.
To write a clear executive summary for a bar business, include the following elements:
Brief description of your bar concept and its unique selling proposition
Overview of your target market and the demand for your services
Summary of your financial projections, including revenue and profit estimates
Outline of your marketing and advertising strategies
Mention of any key partnerships or collaborations
Example of an executive summary
“XYZ Bar is a trendy, upscale establishment located in the heart of downtown. Our mission is to provide an unforgettable experience for our patrons by offering innovative cocktails, live entertainment and a vibrant atmosphere. With a focus on quality ingredients and exceptional customer service, we aim to become the go-to destination for young professionals seeking a sophisticated nightlife experience. Our projected revenue for the first year is $1 million, with an expected profit margin of 20%. We will implement targeted marketing campaigns through social media platforms and collaborate with local influencers to build brand awareness. XYZ Bar has secured partnerships with renowned mixologists, ensuring our beverage offerings are second to none.”
Choosing the right business name for your bar is essential for building brand awareness and trust among your target audience. The name should reflect your bar's concept and resonate with your target market. To generate name ideas, you can use a business name generator —or specifically a restaurant name generator —for inspiration.
When selecting a domain name for your bar business, keep it short, memorable and easy to spell. Include relevant keywords where possible and avoid hyphens or numbers. Make sure that the name is available and can be registered—follow the necessary steps for registering your business .
Including a market analysis and research section in your bar business plan is crucial for understanding the competitive environment and developing effective business strategies. Conduct thorough market research to identify your target market, their preferences and the demand for your services. Analyze your competitors to understand their strengths, weaknesses and pricing strategies.
Key elements to include in this section:
Overview of the target market demographics and psychographics
Analysis of competitors, including their offerings and pricing
Description of your unique selling proposition and how you differentiate from competitors
Outline of your marketing strategies, such as social media marketing, partnerships and events
The operations plan outlines the logistical aspects of running your bar business. It includes details about the location, premises, equipment and staffing needs.
In this section, address the location of your bar and why it was chosen. This can include details about the premises including its layout and design. Then, incorporate necessary equipment and furnishings. You’ll also want to include staffing requirements, such as the number of employees, including their roles and responsibilities.
The marketing and advertising plan outlines your strategies for promoting your bar business and attracting customers. It should include a mix of online and offline marketing tactics that are most effective for reaching your target audience. An effective way to market your bar business could be through social media marketing, a strategy that worked for Wix user, Strathcona Spirits ,
Our primary focus has always been social media—we use Instagram, Twitter, and Facebook. The main thing for us, on social media, our website, and even the experience in the shop, is to be as inclusive as possible. Keeping the language of our spirits as simple as we can. Being transparent with our barrel routine and how things are aged. Using terms that are unnecessary, or trying to overcomplicate things, excludes people, and we would never want to do that. Our spirits are for everyone. Andrea Shubert, Co-founder Strathcona Spirits.
You can consider also including here an overview of your branding strategy, including your logo, colors and tone of voice. If you don’t have a logo yet, check Wix’s restaurant logo maker for inspiration.
Then, think about which marketing strategies to lead with. You can additionally consider traditional marketing tactics—such as print ads, radio spots or billboards—if applicable.
The financial plan is a pivotal aspect of a business plan, offering a detailed roadmap of how the bar business will be funded, its projected revenue and expenses, and the anticipated time frame for achieving profitability. This section provides stakeholders with crucial insights into the financial feasibility and sustainability of the bar business. It will likely include:
Startup costs and funding sources: Starting a bar business involves various upfront costs that need to be accurately estimated for proper financial planning. These costs encompass elements like lease or purchase of the premises, renovation and interior design, licensing and permits ( how to start an LLC and cost, for example), furniture and fixtures, bar equipment, initial inventory, marketing and staff training. Funding for these startup costs can come from a combination of sources, including personal savings, business loans, grants or investments from partners or stakeholders.
Revenue projections: Revenue projections provide a forecast of the expected income over a specific period, typically the first few years of the bar's operation. These projections should be based on careful market research, competitor analysis and realistic expectations.
Operating expenses: Operating expenses encompass costs associated with running the bar business on a day-to-day basis. These include rent or mortgage payments, utilities, staff salaries, marketing and advertising expenses, maintenance and repairs, supplies, insurance and other overhead costs.
Profit and loss projection: The profit and loss projection, also known as the income statement , provides an overview of the business's revenue, expenses and net profit or loss over a specific period. It offers insights into the financial health of the bar business and its potential profitability.
Timeframe for profitability: The timeframe for achieving profitability in a bar business can vary significantly based on factors such as location, target market, marketing strategies and operational efficiency. Typically, bars aim to reach profitability within the first year or two of operation.
Break-even analysis: The break-even point is the level of revenue at which the bar business covers all its expenses, resulting in zero net profit or loss. This is a critical milestone as it indicates the point at which the business starts generating profits.
Example of a break-even analysis calculation:
Fixed costs (annual): total fixed costs (rent, utilities, salaries, etc.)
Average revenue per month: estimate average revenue generated per month
Break-even point: fixed costs / average revenue per month
To help you get started, here are two draft business plans for hypothetical bar businesses. Customize these templates according to your specific concept, target market and goals—and create a plan that’s all your own.
The Upscale Cocktail Lounge is a sophisticated bar concept located in the heart of a bustling city. Our mission is to provide an elevated drinking experience through expertly crafted cocktails, a curated selection of spirits, and a refined ambiance. With a target market of young professionals seeking upscale socializing environments, we aim to become the go-to destination for after-work drinks and weekend gatherings. Our projected revenue for the first year is $1.5 million, with an expected profit margin of 25%. We will implement marketing strategies targeting our ideal customers through social media platforms and collaborate with local influencers to build brand awareness.
Company name and domain name
The company name for this upscale cocktail lounge is "Elevate Lounge." The domain name chosen is www.elevatelounge.com, which reflects the concept's goal of providing an elevated experience to its customers.
Marketing analysis and research
Target market: Young professionals aged 25-40 with disposable income seeking upscale socializing experiences.
Competitors: Analyze other upscale cocktail lounges in the area, their offerings, pricing and target demographics.
Unique selling proposition: Highlight the unique features of Elevate Lounge that set it apart from competitors, such as signature cocktails or exclusive partnerships.
Marketing strategies: Develop a comprehensive marketing plan that includes social media marketing, influencer collaborations and hosting exclusive events to attract the target audience.
Location: Choose a prime location in the city center with high foot traffic and proximity to other upscale establishments.
Premises: Design a sleek and modern interior with comfortable seating arrangements and a well-stocked bar.
Equipment: List the necessary equipment for the bar, including high-quality glassware, cocktail-making tools and refrigeration units.
Staffing: Determine the number of bartenders, servers and support staff required to provide excellent service to customers.
Operating hours: Set operating hours based on customer demand and local regulations.
Target audience: Define the target audience more specifically, such as young professionals in specific industries or neighborhoods.
Branding strategy: Develop a unique brand identity with a logo, color scheme and tone of voice that aligns with the upscale nature of the lounge.
Social media marketing: Utilize platforms like Instagram and Facebook to showcase the ambiance, signature cocktails and upcoming events.
Influencer partnerships: Collaborate with local influencers who resonate with the target audience to promote Elevate Lounge through sponsored posts or event appearances.
Exclusive events: Organize special events like mixology workshops or live music nights to attract new customers and create buzz around the lounge.
The financial plan outlines how Elevate Lounge will be funded initially and its timeframe for reaching profitability. It includes projected revenue, expenses and cash flow for the first year, as well as a break-even analysis. Additionally, it should address potential funding sources, such as personal investment, loans or partnerships.
The Neighborhood Sports Bar is a casual bar concept located in a residential area with a strong sense of community. Our mission is to create a welcoming environment where locals can gather to watch sports, enjoy good food and drinks and socialize. With a target market of sports enthusiasts and neighborhood residents, we aim to become the go-to spot for game nights and community events. Our projected revenue for the first year is $800,000, with an expected profit margin of 15%. We will implement marketing strategies targeting the local community through direct mail campaigns, partnerships with local sports teams and hosting trivia nights.
The company name for this neighborhood sports bar is "The Game Zone." The domain name chosen is www.thegamezonebar.com, which reflects the bar's focus on providing a space for sports enthusiasts to gather and enjoy their favorite games.
Target market: Sports enthusiasts of all ages residing in the local neighborhood.
Competitors: Analyze other sports bars in the area, their offerings, pricing and target demographics.
Unique selling proposition: Highlight the unique features of The Game Zone, such as multiple large screens for game viewing or a menu featuring specialty burgers named after local sports teams.
Marketing strategies: Develop a comprehensive marketing plan that includes direct mail campaigns targeting local residents, partnerships with local sports teams for cross-promotion and hosting regular trivia nights or game-watching parties.
Location: Choose a location in close proximity to the target neighborhood and easily accessible for residents.
Premises: Design a casual and comfortable interior with ample seating, multiple large screens for game viewing and a well-stocked bar.
Equipment: List the necessary equipment for the bar, including audiovisual systems, kitchen appliances and draft beer systems.
Staffing: Determine the number of bartenders, servers, kitchen staff and support staff required to provide excellent service during peak hours.
Operating hours : Set operating hours based on game schedules and customer demand.
Target audience: Define the target audience more specifically, such as sports enthusiasts in a specific age range or fans of particular sports teams.
Branding strategy: Develop a brand identity that reflects the casual and community-focused nature of The Game Zone.
Direct mail campaigns: Send targeted direct mail campaigns to local residents to promote special offers, game nights or trivia events.
Sports team partnerships: Collaborate with local sports teams to offer exclusive discounts or host pre-game events for fans.
Trivia nights and game-watching parties: Organize regular trivia nights or game-watching parties to attract customers during popular sporting events.
The financial plan outlines how The Game Zone will be funded initially and its timeframe for reaching profitability. It includes projected revenue, expenses and cash flow for the first year, as well as a break-even analysis. Additionally, it should address potential funding sources, such as personal investment, loans or partnerships.
Creating a business plan is important for several reasons. First and foremost, it provides a clear vision and direction for the new venture. Beyond this, it helps you to:
Attract funding: A well-crafted business plan is essential for attracting investors and securing funding for your bar business. Potential investors and lenders want to see a clear and comprehensive plan that demonstrates the viability and potential profitability of your venture. By showcasing your market research, financial projections and growth strategies, you can instill confidence in investors and increase your chances of raising money for your business .
Outline resource requirements: One of the primary benefits of writing a business plan is gaining a thorough understanding of the resources, supplies and staff required to start and operate your bar business. By conducting detailed research and analysis, you can identify the necessary equipment, licenses, permits and staffing needs.
Plan more strategically: A business plan provides a roadmap for success by outlining your goals, strategies and tactics. It helps you define your target market, understand customer preferences, and develop effective marketing strategies.
Identify potential challenges: Writing a business plan forces you to consider potential challenges and risks that may arise during the course of your bar business. By conducting a thorough SWOT (strengths, weaknesses, opportunities, threats) analysis, you can identify potential obstacles and develop contingency plans to mitigate them.
Monitor progress: A business plan serves as a benchmark for measuring your bar business's performance. By regularly reviewing your financial projections, sales targets and marketing strategies, you can track your progress and make necessary adjustments.
Enhance collaboration and communication: A comprehensive business plan serves as a communication tool for stakeholders, employees and potential partners. It clearly conveys your vision, mission, and objectives to all parties involved. Additionally, it facilitates collaboration by providing a shared understanding of the business's direction and goals. This enhanced communication fosters teamwork and alignment among all stakeholders.
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If you want to start a bar business or expand your thriving bar business, you need a great business plan.
The following bar business plan template gives you the key elements to include in a successful bar business plan. This business plan can be used for any type of business in the bar industry including, but not limited to: a sports bar, a dive bar, a neighborhood bar, wine bar, cocktail bar, and more.
You can download the Bar business plan template (including a full, customizable financial model) to your computer here.
Below are links to each of the key elements of a sample bar business plan to help you write an effective bar business plan.
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How to write a bar & restaurant business plan (fast), step by step (actionable) case study.
Opening a bar and restaurant is an amazing adventure for any up-and-coming entrepreneur – and writing a business plan is one of the very first (and most important!) steps.
Wondering how to go about it? No need to look any further.
Our Bar & Restaurant business plan sample will help you map out your journey, as well as identifying and addressing any potential pitfalls that could cause problems for your business.
So whether you need funding or would simply like a track to run on…
Be sure to check out this example to improve your chances of Business Success!
Ready? Let’s go.
Are you looking to write a restaurant business plan? If so, let’s firstly look at The Executive Summary section.
The Executive Summary of your business plan outlines what your business does. It’s an overview of your business and summarizes all its key points, as well as being an introduction for the rest of your plan.
The example in this section can be suitable for the following:
Please check it out and feel free to lift any content.
The #Executive #Summary outlines what your business does, summarizes your key points, and prepares investors for the rest of your #businessplan. It’s vital you provide a solid case for your business idea, which is why your #executive #summary is so important! Tweet
We are John and Mary Smith, a father and daughter team, offering years of experience in both business ownership and management, and the hospitality trade.
John Smith is currently a Director of an electrical contractors in Washington, and has been in the industry for 30 years. Currently working in the aerospace sector, John delivers the highest standard of workmanship for his clients, and offers a wide range of transferable skills including staff management, decision making, building strong business partnerships, and negotiation skills.
John will be supported by his eldest daughter Mary, a confident and outgoing people-persons with years of experience in the bar and restaurant industry. She offers a wealth of knowledge in hospitality and bar management, and would be very much at home running her own bar and restaurant.
We will be selling a wide range of soft drinks and alcoholic beverages in partnership with ABC PLC. The wet list will be based on the current ABC listings, and we would also like to expand the wine list in accordance with ABC Code of Practice.
The dry menu, which is currently of a very high standard, will be based on local and seasonal produce and created in direct association with the Head Chef.
We will also run a number of promotions to push more from our wet and dry menus, and these promotions will also run in accordance with ABC Code of Practice.
We will sell to local residents and also people visiting the area. We want to create a warm and friendly atmosphere, and to leave our customers feeling totally satisfied with our service whether they pop in for a pint or a coffee, or stay with us all evening for a meal and drinks. We can only achieve this by employing and developing the right team, and we will focus our efforts on hiring experienced, friendly, professional and enthusiastic staff. From our Head Chef down to our team of waiting staff and bar staff, we will ensure we only hire the best the local area has to offer.
In addition to retaining existing regular customers, we recognize the importance of attracting new customers, and we will look into what is currently working for the business, and what isn’t working so well. With this knowledge and information, we can look into promotions and improvements that will encourage more visitors, whether they are locals or passing trade.
Please see financial plan for further information.
The Company Profile in this restaurant business plan sample is also known as the Company Description. If written well, your potential investors will find it easy to understand your business model, your mission and goals and how it’s going to meet the needs of your target market.
For the purpose of this bar business plan, we’ve included the following in the Company Profile Section:
Company overview.
The Hugo’s Bar and Restaurant has been in business for years, and is an established bar and restaurant offering a wide range of beverages and a fine selection of hot and cold meals.
The main company address is Main Road, Washington USA
This is not a new business, but we would be taking over as new managers of the establishment. The bar and restaurant is owned by ABC PLC and would be offered to us under a five year tenancy, with the opportunity to renew this lease after expiry.
Under such an agreement we – the tenants – will pay the rent and be responsible for the day-to-day management of the bar and restaurant. This will include such things as:
The management team consists of John Smith and Mary Smith, a father and daughter team. John Smith has years of experience as a Director for an electrical contractor, and is very experienced in staff management, business management, key decision making, negotiations with suppliers and partners and achieving results.
Mary Smith brings a wealth of bar and restaurant and bar management experience, and is keen to continue with the success the bar and restaurant has experienced already, whilst also making significant improvements where necessary.
We will look to recruit where required. It is essential that we have a first class Head Chef employed at all times to oversee our menu, and ensure that meals are produced to the very highest standard and that all ingredients are sourced locally where possible. We will employ a mixture of full-time and part-time staff.
The Hugo’s Bar and Restaurant is situated at Main Road Washington USA
Our mission is to sell delicious and remarkable food and drinks to our customers. We will ensure that the food and drink we sell meets the highest possible standards of quality, freshness and seasonality and that it is sourced from local producers where possible. We want our customers to experience impeccable service at all times, and we will ensure that our staff demonstrate warmth, efficiency, integrity and knowledge at all times, and that every customer leaves happy.
A #mission #statement is a short statement of an organization's purpose and shows the goal of its operations: what kind of product or service it provides, its primary customers or market, and its geographical region of operation. Tweet
The bar and restaurant has been trading in the same location for a number of years, and offers a wide range of beverages and hot and cold foods to its clientele. Now run by ABC PLC, the establishment has been leased by a number of landlords, and now commands good reviews and a good following in the local region.
The Products and Services section in this restaurant business plan example is showcasing the value and quality of their products and services.
For any start up bar business plan, it’s important to write down what it is that sets you apart from your competitors and the benefits of your business.
Ask yourself:
Here’s the example.
The Hugo’s Bar and Restaurant is a family bar and restaurant offering a warm welcome, a wide selection of beverages, and an excellent menu. It is very popular with locals and has received very good reviews on TripAdvisor. The wet list features ABC fine cask beers, wines, spirits, cocktails, soft drinks and a coffee menu. We would also be interested in adding more wines to the menu, perhaps featuring a wine of the month, or wines from a particular region each month to keep the menu interesting.
In addition to the usual bar and restaurant fayre, we would also look to introduce the following services and events:
We would also look into adding or updating fruit machines and a jukebox, as well as increasing food service hours, and perhaps looking into serving a small breakfast menu.
There are a number of bar and restaurants in the region we would be competing directly with. Some of the most popular bar and restaurants in the area include:
These bar and restaurants have good reviews. Happy Restaurant is famed for its real ales and homemade pork pies. The Arms is popular with sports crowds and offers good beer and a welcoming, busy atmosphere. Washington Arms offers a good selection of beers, and cheap homestyle food.
We want to be able to cater to more families looking for excellent food in a warm and welcoming atmosphere. We want to offer a busy and lively atmosphere in the evenings and to attract locals and passing trade. We also feel our dry menu offers so much more than other offerings in the local area, and we really want to focus on increasing profits in this area, and to look into ways to attract our customers to have a meal with us.
We would love to develop the products, services and events on offer, and to do this in line with the ABC Code of Practice. As the saying goes ‘if it ain’t broke don’t fix it’ and so we would look at the aspects of the business that are working well, and only make improvements where necessary. We also want to stay away from adding too many gimmicks as this can be a bar and restaurant’s downfall. We believe clientele like regular events so they know what is happening and when, and this works very well with the XYZ brand which offers Curry Clubs, Lunch Clubs and other options on set days of the week.
We also want to appeal more to families during the day. One idea we have is to add a marquee outside, and to build a pizza oven so that we can hold kids’ pizza parties and other events outside. Parents are always looking for something different for their kids to do, and this could be a very lucrative revenue stream for the bar and restaurant. Parents may also stay to have a meal or drinks while the little ones enjoy the party.
We may also look into offer a set kids menu as seen in other establishments. Children could choose a main meal, dessert and a drink for around $4.95, and also be given coloring pencils and a picture to color in. This not only keeps the kids entertained, but also encourages adults to stay longer and purchase more items from wet and dry menus. We would also promote our birthday parties on the back of the coloring in page.
All wet products will be sourced and supplied by ABC PLC as per our agreement with the brewery. Equipment such as cellar cooling and drinks dispensers are maintained by ABC. We would look to secure good deals for local produce for our dry menu, and will leave this responsibility to our Head Chef.
Pathway and Lease Agreements are fully tied for all beers, ciders, stout, wines, spirits, soft drinks, packaged alcoholic drinks and gaming machines, including Amusement with Prize Machines (AWP), Skill with Prize Machines (SWP), pool tables and video/LCD based non-payout leisure machines.
Not applicable to this business.
Not applicable to this business. The products we sell will already have the relevant trademarks and licenses in place.
This section of a business plan is very often glossed over because more often than not, the business owner is so involved within their business, that it doesn’t occur to them that they can learn something by writing this down!
This section is one of the most important aspects of your Bar & Restaurant marketing plan.
In fact, it defines where you are currently in terms of your market, product, customer, and competition. It also allows you to look at both internal and external factors and to review and document the strengths and weaknesses of your business, as well as identifying any opportunities and threats within your marketplace.
For example:
Industry analysis, key customers, target market, market overview.
Our target market will consist of local customers already regulars at the establishment, new local customers, people visiting the area, and passing trade. The Hugo’s Bar and Restaurant already has a good reputation in the area for a good atmosphere and great food, and we certainly would not want to change that!
However, we do believe there is room for improvement and that these improvements would attract new customer streams to the bar and restaurant. If we could extend the restaurant opening hours for example, we could improve profits across the wet and dry menus, and also upsell items such as good wines. We would also want to welcome more children and parents to the bar and restaurant, and will look into ways we can do this.
The Hugo’s Bar and Restaurant offers some amazing attributes to the area. Its warm and welcoming atmosphere and good food are very well documented on TripAdvisor.
We will offer a wide range of products under one roof including alcohol, soft drinks, coffee and good food. People can come to us in the afternoon for drinks and stay with us through dinner and up until closing time if they wish. We want to encourage this kind of home from home experience and encourage people to enjoy as many of our products and services as possible.
The Hugo’s Bar and Restaurant always serves good food and drink and is our favorite place to eat in the local area. If you haven’t tried the Hugo’s Bar and Restaurant, it’s a must for 2016. – Vivien S (TripAdvisor)
For most of the evening, we had the dining room to ourselves which was lovely. The staff were friendly and left us alone unless we needed them. I really liked the fact that there was a limited menu. This way I know all the food prepared is fresh. – Emily C (TripAdvisor)
However, there is room for improvement. There are a number of negative comments on TripAdvisor regarding the limited range of food on offer for children, and there have also been misunderstandings in the past about gluten-free options. We would do more to ensure our customers are catered to and made to feel totally comfortable in our surroundings and with our menu.
We would also look at adding services that cannot be found elsewhere. For example, our plan is to offer kids’ parties outside in a marquee. By adding a pizza oven outdoors, we can capture a section of the market that is growing with a relatively cost-effective idea. This will also attract more wet menu sales from parents and carers who want to stay with us while the party is going on.
The great American night out has always featured the bar and restaurant. Whether it is at the start of the night for a few drinks before dinner or going on to a nightclub, or patrons spend their entire night in the same establishment, this timeless trend shows no sign in stopping or even slowing down. However, with more bar and restaurants springing up, and more bar and restaurants using innovative ways to attract patrons, we would need to stay on our toes. By offering a mix of traditional bar and restaurant fayre and services, and also looking at new ways of attracting customers, we will remain competitive and maintain the already good reputation.
Craft beers and cask ales are becoming more and more popular. People are open to trying new experiences, and would look at ways we can promote beer sales with special events. Beer and cheese evenings are starting to gain popularity with patrons being offered a cheeseboard and smaller taster glasses of beer. This is just one idea, but an example of how important it is to keep up to date with market needs and trends.
We may also look into ways in which we could encourage people to have their “big night in” at the bar and restaurant instead of at home. People settle down at home for shows such as X-Factor, Americas Got Talent, and other big TV events. We could possibly create a living room atmosphere and encourage people to come to us instead. This sort of event could get people talking to each other, enjoying themselves in our establishment, and ultimately ordering more drinks.
During the past decade, a series of legislative, social and economic trends have conspired to squeeze industry revenue and profit margins, forcing many bar and restaurants out of business. Already reeling from the ban on smoking in bar and restaurant places, patronage and industry revenue have been battered by rising beer duty, declining alcohol consumption, competition from low supermarket alcohol prices and the prolonged economic downturn.
Whilst it can be difficult for new bar and restaurants to enter the market, established bar and restaurants with regular visitors, a good reputation and willing to keep up with the latest trends and customer demands, can continue to thrive. This is why it is so important for us to review where the Hugo’s Bar and Restaurant is doing well, and to focus our efforts on areas that need improving or to introduce new events or services that would bring in new sustainable revenue streams.
We will be working in the hospitality industry, offering good food and drinks to our customers in a warm, friendly and welcoming atmosphere. Our services and products will be sold directly to customers within our establishment, and promoted across a number of different channels.
Customers often make their buying decisions based on price and personal preference. In addition to drinks purchased direct from the bar, we will also offer drinks within our restaurant, and this is where we may have the best opportunity to push some of our higher priced items such as wines and also pre-dinner cocktails. Reputation is also important, and the ABC name is well known amongst cask ale lovers.
Our key customers will consist of people of all age groups, from 0-100 years old. We want to promote a real family-friendly atmosphere, and to encourage people of all ages, all walks of life, and all areas to come to our bar and restaurant. We want to promote a real community spirit that unites people, starts conversations, offers customers a great day out or a memorable night out, and which also encourages customers to share their experience with others.
The marketing strategy section of your business plan describes who your customers are going to be and how you plan to communicate to them the services or goods you are offering.
If your potential customers are not made aware of your business, you are not going to stay in business for very long!
Defining a marketing strategy in your business plan highlights your understanding and knowledge and emphasizes what makes your business concept compelling. It also outlines how you plan to attract and maintain a customer/client base.
Let’s look at this example for a restaurant business plan.
Define a marketing strategy within your business plan to highlight your expertise and emphasize what makes your business concept compelling. Tweet
There is a need for a good local bar and restaurant in every town, somewhere people can come together to share good times, celebrate, relax at the end of a long day and generally socialize with friends, family and other locals. The Hugo’s Bar and Restaurant is a small bar and restaurant, but is very big on character and reputation, and we would want to keep it that way.
We believe there is room in the market for many different establishments, but we do need to ensure that we stand out. Through good advertising locally and nationally, we can ensure our name stays on the map, and that we maintain the reputation the bar and restaurant has achieved already.
Good quality cask beers, a wide range of beverages, excellent food, a welcoming atmosphere, exciting promotions, regular events and a family feel are all qualities we feel are important to the bar and restaurant and its customers.
Our marketing plan would include improving the website, using social media channels more effectively, using print advertising for our promotions and events and also encouraging word of mouth recommendations and online reviews. We feel there is a lot of room for improvement where marketing is concerned. For example, the Twitter feed has not been updated since February 2nd.
Please see the latest ABC wet list pricing. The bar and restaurant currently offers a set menu for its guests at lunchtime, and an à la carte menu during the evening. These are all priced at very competitive rates.
We would like to offer our customers discounts, especially regular customers. We will offer these discounts through a discount card, and also through fun promotions on our social media channels.
We intend to use digital marketing and print marketing to its full potential. Through regular updates to Twitter, Facebook and our website, we can start to attract more attention, and ultimately attract more people through the door.
There is currently a website, but we feel it is very lacking in terms of up to date information. For example, there is a sample food menu listed, but we feel there could be more details here and some good quality photos to show potential customers how good our food is. There are also no event listings or any information about promotions or other messages that could attract customers. We would also like to attract more customers celebrating a special event. For example, we could give the birthday boy or girl a free pint or glass of prosecco, or a free dessert. We want the Hugo’s Bar and Restaurant to be their first choice whenever they have something special to celebrate.
We would like to use social media to advertise promotions. There will be regular quiet times during the week, and we would like to encourage more footfall by offering discounts through Twitter and Facebook. For example, we can give a 10-15% discount to any customer that quotes a phrase we have posted on our social media channels.
We also want to promote the Hugo’s Bar and Restaurant as a true community bar and restaurant, and we will look into charity promotions and other events where we can put something good back into the community. Whether it is giving a local charity somewhere to hold an event, or holding a special lunch club for elderly local residents, we want to portray a caring and welcoming image.
We will sell directly through the bar and restaurant. We will also offer birthday party packages.
We would be taking over an already established business. Before taking over, we would want to have a set plan of action in place for any improvements we would like to make. For example, we would like to have seasonal lunch and dinner menus devised in advance so that we can publish these on our website and through our social media channels. We would also like to have set out our regular events and promotions and to have advertising arranged for each of these events so that we can get the word out in advance of each event taking place.
It is also important that we are accepted as the new management team, and therefore any changes we make will need to be handled carefully and in a sympathetic way. We want to listen to our customers, and through face to face conversation and activity on our social media accounts, we can obtain feedback on what our customers would like to see. This feedback will also have an impact on our milestones.
Training of key members of staff is also essential and we would work closely with ABC to establish a training schedule in accordance with their Code of Practice. Both John and Mary already have a Personal License in place.
In summary, we would look at employng good quality staff including a Head Chef, increasing food availability times, improving sales and profits and establishing ourselves as one of the leading bar and restaurants in the community.
The Hugo’s Bar and Restaurant is in a very strong position as a popular bar and restaurant in the heart of the community, and is well established. It is especially well known for its excellent food and drink menus, and for its large garden during the summer months. The exterior of the bar and restaurant is attractive and welcoming, and offers a clean and modern look and good kerb appeal. There are also good parking facilities.
The bar and restaurant is also known for its excellent staff and service, and this is apparent on TripAdvisor and other review sites. We would work hard to maintain this level of service, and to make improvements where possible.
As with any business, there is always room for improvement. We feel there are a number of areas that we could work on immediately, and which would take minimal focused effort to achieve and improve.
We would first turn our attention to the food menus, offering a good set price kids menu, and also gluten-free options on a separate menu. We would also review gluten-free food prep in the kitchen, ensuring we have a separate fryer for chips and other foods that need to be cooked separately.
Food service times are currently too short, and we feel the bar and restaurant is missing out on profits during these times.
The bar and restaurant is currently closed on Monday, and this is an entire day where the bar and restaurant is missing out on local trade and trade from people visiting the area.
The patio area is not currently used to its full potential, and we would like to improve this area to make it more appealing and more suitable for a range of uses.
Social media channels are not being updated. The last Twitter update was almost six months ago, and this is a big area we would like to address. The website also needs attention.
There are many opportunities for improvement. In addition to the improvements we have already listed, we would like to focus on seasonal opportunities such as Christmas, New Year and Mother’s Day and advertise these events and promotions well so that we achieve maximum covers in the restaurant and excellent profits from our wet menu.
There is a real opportunity for us to appeal to more groups of customers, and to open up new revenue streams. For example, our aim is to have at least one kid’s birthday party booked every weekend, and to have more parents popping with their kids after school. There are also opportunities for us to improve our food menu, to make it more available during the week, and to publicise our menu and any special offers across our website and social media.
We also want to welcome our more elderly residents, and give them somewhere to visit on a weekly or monthly basis for a warm meal and a friendly atmosphere.
It is essential that we maintain the Hugo’s Bar and Restaurant’s already excellent reputation, and that we make improvements carefully and in the right way. One bad TripAdvisor review could be very damaging, so we will do everything in our power to attract the best reviews and word of mouth recommendations. Any failures in service will be dealt with immediately, and any poor reviews replied to and addressed in the best way possible, offering compensation where necessary.
We also need to ensure we keep an eye on our competition and what they are doing. Our tie-in with ABC is also critical to our operations, and so we would ensure that we work in accordance with the Code of Practice at all times.
Staff retention is extremely important to the establishment, especially in terms of more skilled staff such as the Head Chef. We would ensure we offer an attractive remuneration package, and that we keep our team motivated to the point where they wouldn’t want to work anywhere else.
We are competing against a number of similar establishments in the local area. The most popular bar and restaurants in the region offer excellent services, but we are in a very strong position to compete. For example, some are more well known for a lively sports crowd, and well-placed near to public transport links where there is good footfall from visitors.
We want to be the warm, friendly and inviting bar and restaurant where everybody is welcome. We offer a range of good quality beverages backed by the outstanding ABC brand, and we offer a fresh, seasonal and local menu cooked and presented to perfection. Customer service will also be extremely high, and customers will want to come back to us time and time again.
We believe we can stand out with our reputation, our promotional activities and also our innovative options such as kids’ pizza parties, beer and cheese nights and other events that are not available elsewhere.
In addition to our website and social media channels, we will also advertise in local newspapers, outside the bar and restaurant, at point of sale and on our restaurant and bar tables. We will track the success of our promotional activity through social media promotions, and also through print promotions. For example, some promotions may require a special code to be announced at the time of ordering, or for a leaflet to be presented to gain a discount.
Our restaurant bookings will be taken in person, over the phone and through our website. All other products and services will be sold directly.
Whilst all sales will be largely led by what the customer wants to order at the time, we will encourage more sales through our promotions and also through clever upselling by our staff. For example, asking customers if they would like to see the wine list over lunch, or asking them if they would like any bar snacks with their order are all ways we can gently make suggestions. We may look into financial rewards for our staff depending on which products we can upsell and how.
Our greatest strategic alliance will be with ABC PLC, and we would ensure we work closely with the company at all times to ensure we are complying with their Code of Practice, and to raise any concerns we may have early on.
Not applicable.
Ensuring that you have a COMPLETE financial plan within your business plan will DOUBLE your chances of investment as well as the future growth of your business.
A lot of small businesses don’t have a financial plan and it’s essential to your long-term success and business growth.
We’ve listed here the key elements you need to have in a successful financial section:
So… Are you ready to look at some figures?
Now I’d love to hear from you:
Are you going to start up your own bar & restaurant or have you recently written a business plan?
We’d love to know what you thought about our bar & restaurant business plan example.
Feel free to leave any comments below and I will be sure to answer them as soon as they come in.
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Do you want to put up a bar as a business ? If this has been your aspiration or desire for a long time already, make sure that you have the proper processes and business plan guidelines that can help you present your bar business plan to your target audience in the best way possible. In this article we will discuss how you can write a business plan for your bar startup.
Bar business plan template.
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Like any other business plan, this specifically helps owners have a plan for their bar. It contains business goals and a timeframe to achieve them. It serves as a blueprint that guides bar owners in running day to day operations, drawing a growing number of patrons, and becoming a reputable establishment. It is also for getting financial support from potential partners and a guide for the management and operational processes of the business.
No matter the purpose of your bar business plan, it is important for you to identify your business’ vision and mission. That way you can create a business plan that is necessary and helpful for the needs of your business. Check out restaurant and coffee shop business plans as a reference to get started. If you need more ideas, check out these tips in creating a bar business plan.
Before you begin your business plan, understand the dynamics of the market for bar establishments. Knowing the needs of your customers, the trends that dictate the shift in the marketplace, and the way your competition reacts to certain scenarios can help you properly and carefully execute action plans for your bar business’s growth may it be in reach, actual sales, or brand awareness.
Come up with a bar business plan executive summary that can showcase the mission and vision of the business. You also have to make sure that this overview of what the business plan is all about should contain the principles and values that guide your business as well as the key factors that you need to consider for your successes.
Describe the company and the nature of its operations before giving details about ownership and management. A start-up summary is most likely helpful in ensuring that the business will follow legal procedures and regulations for its operations.
It is important for you to present the financial aspect of the business so that you can attract potential partners and investors, if necessary and applicable. Include information about your products and suppliers as well so that you can keep track of where you can get resources.
Cocktails are alcoholic beverages made of spirits and other ingredients such as fruit juice, soda, etc. They are one of the things commonly ordered and consumed in a bar. There are many kinds with varying ingredients, flavor, and appearance.
While both places serve alcohol, the set up of the place is different. A nightclub is more focused on the entertainment of the patrons by providing drinks and music. In contrast a wine bar is a tavern-like establishment and tends to have a more relaxing ambiance like bistros.
Both places sell alcoholic beverages , but what makes them distinct from each other is that a bar does not necessarily serve food. A tavern on the other hand sells food and would often provide lodging. Taverns are an establishment that has existed for many centuries while bars started in the past few decades.
According to Statista research, sales in the drinking place sector in the United States have reached $23.15 billion in 2015. With the right kind of business plan your bar will certainly make sales that’ll contribute to such a number in the future. If you need more ideas on how to create a business plan then check out our business proposals and marketing strategy examples as references.
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Develop a project timeline for a middle school science fair.
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The government is considering a ban on outdoor smoking in an effort to curb preventable deaths and alleviate pressure on the NHS.
The proposal would affect small parks , pub gardens, and areas outside hospitals, nightclubs and sports venues.
Sir Keir Starmer said action is needed “to reduce the burden on the NHS and the taxpayer”.
But the hospitality industry warned it would cause serious economic harm to venues already struggling since the Covid-19 pandemic, and questioned whether the move is in the public interest.
The proposed ban applies only to England, although devolved governments could choose to bring in similar rules.
Tory leadership contender Tom Tugendhat described the policy as an assault on individual freedoms.
Leaked papers revealed that the government is considering a ban in specific outdoor areas as an extension of legislation first introduced by Rishi Sunak’s government.
“My starting point on this is to remind everybody that over 80,000 people lose their lives every year because of smoking,” Sir Keir said in Paris while visiting the French president Emmanuel Macron. “That is a preventable death, it’s a huge burden on the NHS, and, of course, it is a burden on the taxpayer.”
A YouGov poll suggests that the policy may have support among the electorate, with almost six in 10 (58 per cent of) British adults supporting a ban on smoking in pub gardens and outdoor restaurants. Just over a third (35 per cent) say they would oppose or strongly oppose the idea.
A Department of Health and Social Care spokesperson said: “We are determined to protect children and non-smokers from the harms of second-hand smoking. We’re considering a range of measures to finally make Britain smoke-free.”
But it is understood that the Department for Business and Trade has raised concerns about the impact on the hospitality sector – particularly pubs, which are already struggling to remain open.
Kate Nicholls, chief executive of UK Hospitality, warned: “A ban on smoking in outdoor spaces comes with the prospect of serious economic harm to hospitality venues. You only have to look back to the significant pub closures we saw after the indoor smoking ban to see the potential impact it could have.
“This ban would not only affect pubs and nightclubs, but hotels, cafes and restaurants that have all invested significantly in good faith in outdoor spaces, and continue to face financial challenges.”
She also questioned whether the ban would “meaningfully reduce smoking ... or simply relocate smoking elsewhere, such as in the home”.
Michael Kill, chief executive of the Night Time Industries Association, said: “We must question whether such an approach is truly in the public interest, or whether it risks overregulation at the cost of personal freedom and business viability.”
The founder of a Birmingham venue that spent thousands renovating its outdoor space has described the government’s plans to ban smoking in pub gardens as a “kick in the teeth”.
Jack Brabant, who co-founded Hockley Social Club in central Birmingham, said “a lot of money” had been spent on “making our terraces hospitable and a place where people can relax”.
This included spending thousands of pounds revamping the outdoor area – where there are also food stalls – including a new smoking area, ensuring there was a “space accessible to anyone” as well as a “space that smokers can go”.
Mr Tugendhat said: “If you’re not doing something that’s harmful to others, then frankly, you should be allowed to do what you like. And I think that answers the [question of] outdoor smoking.”
He added: “I think it’s absolutely essential that what we do is we set out an agenda that is supportive of public health. I think that’s absolutely clear, but it also needs to respect freedom.”
Nigel Farage, a committed smoker of cigarettes, said: “I do understand that people in enclosed areas didn’t like smoke, but you’ve got the option now – you can be inside, you can be outside, you can avoid it if you want to. I don’t think the government have thought through the consequences of this.”
Tim Martin, founder of JD Wetherspoon, said the proposed smoking ban raises a “libertarian issue”. He said: “The question is whether the government should interfere in individual liberties where danger is involved. Mountaineering is dangerous, for example. Horse riding, statistically, causes many serious injuries. I don’t think it will have a big effect on our business, one way or the other, and it is really a libertarian issue.”
The plan is for MPs to vote each year to raise the legal smoking age, meaning the habit will be completely prohibited for the next generation – starting with teenagers who are currently 14.
Reem Ibrahim, acting director of communications at the Institute of Economic Affairs think tank, said banning outdoor smoking would be “another nail in the coffin for the pub industry”.
She said: “The government’s own impact assessment concluded that banning smoking outdoors will lead to pub closures and job losses. It should look to countries like Sweden, which has attained the lowest prevalence of smoking in the world – not by implementing nanny-state measures like this proposal, but by allowing adults to choose safer and healthier products.”
Figures show that 509 pubs closed in 2023, with the loss of 6,000 jobs – a higher number than in 2021 and 2022.
However, health professionals have welcomed the proposals. Dr Layla McCay, of the NHS Confederation, said: “Ultimately, all of these steps are steps in the same journey, which is towards a smoke-free future for Britain, reducing those health inequalities, reducing the huge problems that are caused to the individual and to society from smoking.”
Deborah Arnott, chief executive of the charity Action on Smoking and Health, said the government was “catching up with what the public expects, and that’s not to have to breathe in tobacco smoke in places like children’s play areas and seating areas outside pubs, restaurants and cafes”.
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Villa Vie Odyssey looks like any other cruise ship, complete with a modern pool deck, a buffet, a pickleball court, and excited travelers.
But Villa Vie Residences' 509-cabin vessel won't operate conventional Caribbean cruises or Alaska sailings.
Instead, the residential ship is readying to embark on a never-ending vacation that would circumnavigate the world every 3 ½ years, stopping at 147 countries and 425 destinations along the way — all while providing travelers with the comforts of a traditional cruise liner.
The cruise was initially scheduled to set sail in May following the company's acquisition of Fred Olsen Cruise Lines' more than 30-year-old Braemar vessel, now renamed Villa Vie Odyssey , in December 2023.
However, Villa Vie has said issues like the aging ship's rudder stocks and recertification have since delayed its departure.
Mikael Petterson, the founder and CEO of Villa Vie, told Business Insider in an email in September his "best guess" is that the residential vessel would set sail on September 9 or 10 with some changes to the itinerary.
"But it's a moving target if it's either of those days," he said.
The couple, both 54, uprooted their lives in Maui, Hawaii, in the spring to move onto Villa Vie Odyssey in May. Since then, they — along with another 100 to 150 guests — have stayed in the UK in anticipation of its departure.
Residents can spend their days on Odyssey but aren't allowed to stay overnight yet. In the interim, Petterson said the company is providing these would-be residents with lodging, shuttles to and from the ship, food, and drinks.
"We're stuck in the harbor, but we've met some really cool people from all walks of life," Bodin told BI. "We all have something in common. We're a little crazy and want to see the world."
Canen spent much of these two weeks at Villa Vie Odyssey's business center, designed for residents like her who plan to work remotely at sea.
According to the couple's video tour of the ship — posted on their aptly named " Living Life on a Cruise " YouTube channel — the coworking space has shared desks, private offices, and conference rooms.
Villa Vie said the ship is also equipped with Starlink , an increasingly common amenity on cruise vessels.
The observatory is one of five bars and lounges on Odyssey. As its name suggests, the bright space has large windows with sprawling views of the ship's surroundings.
It's also furnished with a piano, which Bodin said has been frequented by a fellow resident and skilled pianist. "I'm sitting there getting a private piano concert."
According to the couple's video , Villa Vie Odyssey has hosted live bands at the Coral Club and had a large Olympics viewing screen at the Neptune Lounge.
"They're schmoozing us a bit to keep us happy," Bodin said. "They're almost being too serviced-minded. I don't need to be pampered all the time."
Besides drinks, the roomy watering hole is home to the ship's dartboard, which joins the outdoor shuffleboard, stack of board games, and, of course, pickleball court as onboard activity options.
But unlike most cruise vessels, guests have access to the ship's laundry room.
Laundry could be one of the only chores guests have to do, but even then, it's not required.
Villa Vie said it'll provide residents with laundry and housekeeping services twice a week.
In the morning, travelers like Canen and Bodin can wake up to the buffet at Palms Cafe, which offers breakfast options such as bread, fruits, cheeses, and an omelet station.
For dinner, the couple said they've been especially partial to the Grill's "really good barbecue."
As for their bedroom, the duo will be slumbering in their "obstructed view cabin."
The room is small, and a lifeboat obstructs its view, but they've already started to make it their home.
They've added risers under their bed to create additional storage. They also plan to remove the pullman bed to make space for a large world map, which they'll annotate as they continue their global journey.
Canen and Bodin declined to disclose the price of their accommodation, but windowless inside cabins are currently listed at $100,000, while those with ocean views are $50,000 more.
Still, Canen said life on Maui was "way more expensive" than the Odyssey. "We're traveling on a budget. It's very affordable for the two of us."
"Why do I live in Maui when I could travel the world?"
Roaming charges for all the major networks, Boohoo upsetting customers and a report suggesting the state pension will rise £400 next year are among today's Money blog posts. Leave a comment on anything we're covering below.
Thursday 5 September 2024 06:46, UK
By Jess Sharp , Money team
Sainsbury's has started working with police after noticing an increase in the number of fraudulent vouchers being used in its stores.
The supermarket has recently become the subject of a TikTok trend called "the Sainsbury's method".
Videos using the term have been posted on social media platform, showing people scanning a coupon several times at the checkout to get money off their shop.
In one clip, a customer gets into an altercation with a shop worker who tries to stop them using the voucher.
This video has since been removed from TikTok.
In another, a person brags about getting shopping worth more than £400 for £6.
Several videos also encourage viewers to join Discord servers to be sent the reusable voucher.
Other clips have warned people about the risks of using the coupon.
We've also seen similar messages appearing on X, with people sharing images showing lots of products supposedly bought with the voucher.
In some instances, they have offered to sell others the coupon.
Sainsbury's told the Money team it has seen an "increase in fraudulent coupons" being used and there are processes in place to detect and block them.
In-store detectives have also been tasked with monitoring false attempts, and the supermarket is working with police forces on the issue.
"We continue to accept genuine coupons and vouchers," a spokesperson said.
We contacted a number of other supermarkets that use a voucher system to see if they had experienced a similar problem.
Morrisons told the Money team it was not experiencing any issues.
We also understand that Asda already has security measures in place.
Its rewards scheme is app based, with customers getting a unique one-time barcode linked to their account, rather than the same voucher code issued to each person.
Customers have also been encouraged to be careful before clicking or entering anything online that isn't connected to an official Asda account or an official Asda website.
Tesco did not respond to our requests for comment.
More landlords are selling up in London, with the number of buy-to-let properties up for sale hitting a 10-year-high.
Analytics company TwentyCi found 22% of all newly listed homes in July had been available to rent in the last 10 years.
This compares with 15.6% in July 2023.
Across the rest of the UK, the number of landlords selling their properties was significantly lower at 9%.
Chief executive of TwentyCi, Colin Bradshaw, said fears of a capital gains tax increase was one of the reasons for the landlord exodus.
Capital gains tax is a levy on any profit you make when you sell or "dispose of" an asset, such as shares or a second home.
The amount you can earn in profit before paying capital gains tax is currently £3,000.
Mr Bradshaw said another factor was expected measures such as the requirement for a minimum emissions rating for rented properties by 2030.
HM Revenue and Customs Data shows private landlords' income fell by 4% from £49.4bn in 2020-21 to £47.44bn in 2022-23.
One of the biggest falls in income was in London at 12.5%, followed by Scotland at 6.9%.
Oasis have announced two extra Wembley Stadium shows after their tour sold out over the weekend.
Both Liam and Noel Gallagher, as well as Ticketmaster, came under fire over the initial release - as fans spent hours in virtual queues, and some tickets ended up costing more than three times as much due to surge ticket pricing. The government has launched a review into the practice after the backlash.
Announcing two further dates at Wembley Stadium in September next year, Oasis said there would be a staggered "special invitation-only ballot ticket sale strategy", devised "as a small step towards making amends for the situation".
They said it needed "to be made clear" that the band "leave decisions on ticketing and pricing entirely to their promoters and management, and at no time had any awareness that dynamic pricing was going to be used".
Applications to join the ballot for the September shows will be opened first to fans who were unsuccessful in the initial sale.
The band added: "Inevitably interest in this tour is so overwhelming that it's impossible to schedule enough shows to fulfil public demand," the band's statement continued. "But this ticket sale strategy will make the process far smoother for fans by reducing the stress and time it takes to obtain one of the hottest tickets of our time."
Read more on this story here:
Councils have called on the government to end the Right to Buy scheme for new council homes.
One hundred local councils have warned the financial model for council housing finances is "broken", with a £2.2bn "black hole" in councils' dedicated budgets expected by 2028.
The councils have called for a complete overhaul of the Right to Buy scheme introduced by Margaret Thatcher in 1980 that allows council tenants to buy their council homes at reduced rates.
Deputy Prime Minister Angela Rayner, who bought her council house through Right to Buy in 2007 , announced at the end of July the government had started to review increased discounts introduced by the former Conservative government in 2012 and will begin a consultation into the whole scheme this autumn.
Only 4% of homes bought under Right to Buy have been replaced, according to charity Shelter, while an estimated 43% of households living in private rented accommodation and receiving housing benefits are in homes bought under Right to Buy.
Read the full story here ...
Boohoo has caused upset among its loyal customers after cancelling accounts and charging them for returns.
The online retailer has reportedly started closing some premier accounts due to "unusually high returns activity".
Earlier this year, it started charging premier customers £1.99 for returns - but many shoppers have complained that they were not informed.
At the moment, a premier subscription costs £7.99 a year, but it usually costs £12.99.
Subscribers get unlimited next day delivery, paperless returns and access to exclusive discounts.
Up until the changes, they were also able to return their items free of charge.
One X user said she was "disgusted" after Boohoo deactivated her account.
"Because I order multiple outfits for holidays and night outs or (because your sizes are all over the place) I order two sizes of most things... and because I don't keep everything and send them back, you deactivate my account," she said.
"I've been a customer for 12 years. Disgusting."
She wasn't the only one feeling that way...
Others said they would stop shopping at the retailer altogether.
The Money team looked through the Premier T&Cs - and it does not mention a limit on the number of returns that can be made, or returns at all.
But, it does state that the company can terminate accounts at its discretion.
"We may decide to terminate your Boohoo Premier account and you will be given a prorated refund based on the number of whole months remaining in your membership," it states.
"We will not give any refund for termination related to conduct that we determine, in our discretion, violates these terms or any applicable law, involves fraud or misuse, or is harmful to Boohoo's interests or another user."
Boohoo isn't the online retailer to make this move.
Earlier this year, PrettyLittleThing, which is owned by Boohoo, introduced a returns fee and started cancelling accounts that sent back several items.
Consumer expert Helen Dewdney from The Complaining Cow said there was a growing trend of companies doing this, explaining that returns can be costly for those with small profit margins.
"If a customer is costing a company more by returning more than they are keeping, then it is perhaps understandable why they are having their account closed," she said.
But, she noted that where a company has offered unlimited free returns for a fee, without detailing any limits, then this could be considered as "very unfair and misleading".
"Under the Consumer Protection from Unfair Trading Regulations 2008 there is a fairness test," she added.
"For a practice to be unfair under these rules, they must harm, or be likely to harm, the economic interests of the average consumer.
"It could be considered that paying to have unlimited returns was part of the purchasing decision. Boohoo should be clearer in their terms and conditions as regards what the limit is, and should certainly be refunding the fee to anyone who has had their account closed."
A spokesperson for Boohoo told Money: "We are committed to providing our customers with easy access to our products and upholding a fair return policy.
"However, like many other online fashion brands, it is important that we balance this with our responsibility to discourage repeat returners, which incur a cost for both the business and the environment."
The Co-op is experiencing its highest-ever levels of crime and abuse, with some staff members losing an eye or miscarrying as a result, one of its directors has told the House of Lords.
Speaking to the Justice and Home Affairs Committee, Paul Gerrard said crime had risen by 44% across its stores and violence had increased by 35%.
"That level of crime in our stores is 1,000 incidents every single day," he said.
"That is the highest level we have ever seen, levels of abuse are at the highest level we have ever seen and violence has dipped slightly in 2024, but it still a very high level."
He suggested that organised criminals are behind the surge in shoplifting, saying people are "stealing to order huge volumes".
In some cases, he said people had entered with wheelie bins and building bags to load up with stolen goods.
"If one of my colleagues gets in the way, there will be a violent threat," Mr Gerrard added.
"There might be a knife, there might be a syringe. I've had colleagues attacked with a medieval mace, we've had colleagues lose their eye, we've had colleagues miscarry.
"We spend money to keep the colleagues safe in the store. If an incident happens, then we take a number of measures."
Co-op has been a leading voice in campaigns against shopworker violence and is one of the funders of Project Pegasus.
The group supports police forces in identifying the organised crime groups operating in their area.
English football clubs are being warned they will face "enormous opposition" if they try to introduce dynamic pricing for match tickets - after two top sides in Spain confirmed they were adopting the controversial practice.
Valencia and Celta Vigo are believed to be the only European clubs to have embraced the system for this season's matches.
Although there are no suggestions dynamic pricing will be introduced into the English game, there has been growing concern clubs are vastly hiking prices, depending on the level of opposition.
It also comes after the huge controversy surrounding the sale of tickets for next year's reunion shows by Oasis - where dynamic pricing saw tickets worth £148 being sold for £355 within hours of release.
The Football Supporters Association (FSA) warned against "greedy owners in football" trying to "exploit supporter loyalty" in the English leagues.
In a statement, the FSA said: "With impeccable timing after the Oasis fiasco, voices in football have started to float the idea of infecting football with dynamic pricing.
"Never underestimate the potential for the most greedy owners in football to try and import terrible ideas from other industries to exploit supporter loyalty.
"Match-goers are already mobilising against the recent wave of price rises and attacks on concessions. Any underhand increases will be met with enormous opposition."
When you've forked out hard-earned money for a holiday abroad, the last thing you want is to be landed with an expensive phone bill at the end of it.
Brexit brought an end to the guarantee of free roaming for UK residents who visit countries inside the EU – but the good news is some providers still offer free services up to a certain point for travellers in Europe.
Here, we take a look at the UK's major phone providers and what they're offering customers when it comes to roaming across the globe...
Vodafone splits its roaming charges into four different "zones".
For pay monthly customers who took out their contract on or after 11 August 2021, how much you pay depends on which zone you're headed to:
Zone A - Ireland, the Isle of Man, Iceland and Norway - no extra charge
Zone B - Europe and EU member states (49 destinations) - £2.42 a day for customers without the Xtra Euro Roam plan
Zone C - 32 destinations including the US, Australia, Barbados and South Africa - £7.39 a day for customers without the Xtra Global Roam plan
Zone D - 75 destinations from Argentina to Uzbekistan and Vietnam - £7.39 a day
All charges are dependent on customers adhering to the 25GB fair usage limit.
Countries outside zones A-D are deemed "rest of world zones" by Vodafone - these include destinations such as Belize, Nepal and Angola. Data is charged for each megabyte (MB) used, with charges typically £1.20 per MB.
Those with contracts before 11 August 2021 pay nothing for Zones A and B, and £6 a day for Zones C and D.
Unlike some other major providers, O2 hasn't brought back EU roaming charges for customers using up to 25GB data abroad.
That means both pay monthly and pay-as-you-go customers heading to its Europe Zone (more than 40 destinations) are free to call, text and use data as they would in the UK.
For anyone travelling further afield, the charges depend on what plan you're on.
Customers whose contract includes the O2 Travel Inclusive Zone can roam in 27 destinations outside Europe, including Australia, New Zealand, the US and southern American countries.
If it's not part of your plan, you can purchase a travel bolt-on for £6 a day which allows for data roaming in 63 destinations.
Contract holders with O2 Travel Inclusive Zone Ultimate can roam freely in 75 destinations outside Europe.
Three's Go Roam Europe service lets pay monthly customers use their data allowance in 49 destinations at a cost of £2 a day.
Those using the Go Roam Global service (22 destinations outside Europe) pay £5 a day while Go Roam Global Extra (92 destinations outside Europe) comes at a cost of £7 a day.
The charges apply to customers who took their contracts out on or after 1 October 2021 - there are no charges for customers who were with Three before that.
Three imposes a 12GB fair usage cap for all customers on a monthly contract when roaming abroad and 9GB for those on pay-as-you-go.
Anyone with an EE plan that began before 7 July 2021 will have EU data roaming included.
For newer customers, it costs £2.47 a day to use data roaming while travelling in its European zone, up to the 50GB fair usage limit.
For customers heading abroad to Europe for 11 days or more, it's cheaper to add on EE's Roam Abroad Pass which costs £25 a month (it can be cancelled at anytime, meaning you can scrap it after your holiday if you want to).
Customers heading to Australia, New Zealand, Canada or the US and wanting to use their data can select the Roam Abroad Pass as an add-on.
Alternatively, they can pay £6.74 a day for 500MB of data only in Canada and the US, £8.45 a day for 500MB in nine countries including Australia, India and China, or use 150MB of data for £8.45 a day in 45 other destinations including Brazil, Japan and Jamaica.
Customers can use their phones abroad in 47 destinations without paying extra roaming charges with BT Mobile's Roam Like Home scheme.
If travelling outside Europe, BT mobile customers can use still use their phones but will need to buy a Mobile Travel Data Pass to access their data.
It costs £6 for 500MB that must be used within 24 hours. It covers 12 countries, including the UAE, US, Australia and Canada.
Giffgaff lets customers roam for no extra charge within the EU and other selected locations, with a 5GB fair usage cap. If this is exceeded, roaming is charged at 10p per MB.
Anyone travelling outside the 37 locations in the EU and beyond will have to add credit to their account to use their phones as normal.
They'll also be charged a rate per minute, text or MB, which varies depending on where you go.
Tesco Mobile
Until 2026, anyone travelling to one of Tesco's 48 Home from Home destinations can use their phone as normal with no extra charge.
Roaming charges apply for travel outside these countries - but Tesco will cap data usage at £40 for anyone who hasn't already put in a safety buffer, to avoid anyone coming home to a shockingly high bill.
Generally, data costs around £5 per MB and texts 40p, but costs for calls can vary.
Sky's Roaming Passport Plus lets customers access their UK allowances for £2 a day in more than 55 popular holiday destinations, including EU countries, the US, Australia and more.
The pass is valid for 24 hours. Unused data can be carried over but the £2 charge still applies.
Anyone heading to other far-away destinations will see out-of-tariff roaming charges apply.
If you've got a phone or SIM-only contract with iD Mobile you can use your UK monthly allowances in 50 destinations worldwide, up to 30GB.
Roaming has to be activated beforehand through your online account or the iD Mobile app.
Lyca Mobile
Anyone with a Lyca Mobile SIM can roam in the EU or use data in India as normal up to the 12GB fair usage limit.
What about e-SIMS?
Standing for "embedded SIM", e-SIMS are virtual SIMS that have been built into most newer devices like phones, tablets and smartwatches.
While perhaps not so useful inside the UK and for short EU trips, they could be a way to avoid those hefty out-of-tariff fees for travel further afield.
As they can be activated without a physical card, it makes them particularly useful for overseas trips as you can easily switch between several different carriers if you need to.
To use one, you'll need to purchase an e-SIM for the country you're heading to and adjust the settings on your phone to allow it to be used.
There are many different providers offering e-SIM services at varying prices for different destinations, making them difficult to compare.
On a similar theme to our last post... The pension pot needed for basic retirement has risen more than 60% in the last three years, two thinktanks have found.
This means the average pension pot required has risen from £68,300 in 2020-21 to £107,800 in 2023-24.
Rising housing, energy, food and transport prices have all contributed to the increase, a study by the Resolution Foundation and Living Wage Foundation suggests.
Researchers say a person requires an average income of £19,300 a year in retirement to sustain a "basic" standard of living.
However, this figure differs depending on whether a person owns or rents their home, and if they live alone.
For example, single home-owning pensioners need £13,500 annually while pensioner couples that own their home need £20,600.
At the moment, the full rate of the state pension is £221.20 a week, or £11,502 a year.
The rest of the "basic retirement" fund would need to come from other sources such as a private pension with a balance of £107,800.
To reach the amount needed in retirement, the research found a person working full-time on the Living Wage (£11.44 an hour) would need to contribute 9% of their earnings a year from the age of 25 to 68.
State pensions could rise by more than £400 next year, according to reports.
The triple lock means pensions rise each April by whatever is highest out of inflation, average wage growth and 2.5%
This year that looks set to be wage growth, with figures set to be released next week.
The Treasury's internal working calculations, seen by the BBC, show this would lead to a £400 annual increase for anyone on the full state pension.
That would take the full state pension to around £12,000.
Pre-2016 retirees who may be eligible for the secondary state pension could see a £300 per year increase.
None of this has yet been confirmed but the Office for Budget Responsibility's spring forecast of earnings growth was 3.7% for the triple lock reference period - which all ties in with the suggested hikes above.
Any decision on a pension increase will be made by Pensions Minister Liz Kendall ahead of October's budget.
Yesterday, Chancellor Rachel Reeves reiterated the government's backing of the triple lock - which this year resulted in a £900 rise.
The Treasury has been contacted for comment.
Keep scrolling for news of a popular European country clamping down on Airbnb and this week's Cheap Eats
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by NBC 10 NEWS
SEEKONK, Mass. — The Dublin Rose held a final farewell party Friday night.
The Irish pub in Seekonk celebrated a successful 11 years of business.
Co-owners said the decision to close was not up to them.
A Whole Foods Market will replace the pub.
Seekonk town officials said the Whole Foods Market is expected to open before the end of this year.
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An implementation plan, outlining how you'll take your bar or pub from an initial idea to a living, breathing business. Company description. The company description is a fuller overview of your bar business. It details the things your reader really needs to know in a 360-degree view, including your concept, location and target market.
Why You Need a Business Plan for your Bar. To a layperson, starting or owning a bar might seem like a job for sitcom characters, but bars, pubs, taverns, and clubs are the heart of nightlife and are an important part of the culture and society of any city or town. Bars, pubs, and taverns have a traditional place in societies as a meeting ground and place of rest.
Bar Business Plan. You've come to the right place to create a business plan for your bar or pub. We have helped over 10,000 entrepreneurs and business owners create business plans and many have used them to start or grow their bars and pubs. To write a successful bar business plan, you will first need to decide what type of bar you want to open.
These are the typical sections to consider including in your bar business plan. Executive Summary. Market Analysis. Marketing and Sales Strategy. Operations Plan. Business Overview. Financial plan. The sections you need will vary depending on why you're writing a business plan and what you intend to do with it.
Step 4: Maintain Ongoing Plan Evaluation. A business plan for opening a bar is a living document that warrants consistent revisiting, especially during the initial phases of bar management. Continuously assess and refresh your projections, suppositions, and tactics to ensure the plan remains pertinent and attuned to your aspirations.
To launch a bar business, it is estimated that you'll need between $100,000 and $825,000 in location and lease or mortgage expenses. This is the amount required for you to open for business, including start-up expenditures such as business licenses (i.e., food service license, liquor license, etc.)
Then, choose a pour cost percentage (or profit margin) to target. Price the drink by taking the cost of your ingredients and dividing by the target pour cost. That equals your price. Good target pour costs to target are 20 percent for beer, 14 percent for liquor, and 22 percent for wine.
July 22, 2024. Business Plan. Creating a comprehensive business plan is crucial for launching and running a successful bar business. This plan serves as your roadmap, detailing your vision, operational strategies, and financial plan. It helps establish your bar business's identity, navigate the competitive market, and secure funding for growth.
This is the standard bar business plan outline which will cover all important sections that you should include in your business plan. Executive Summary Business Overview; Objectives; ... Hence, you should frame a business plan that is flexible and dynamic and thus, can help you succeed in the bar and pub industry.
How to Write a Bar Business Plan in 9 Steps. 1. Bar Overview. The first step in writing a bar business plan is to establish an overview of the type of bar you want to open. You need a concept and location to shape your business model and create an executive summary for your new venture:
Bar Type: Wine bar with a secondary focus on craft beers. Bar Location: 123 Vine Street, Downtown District. Order Fulfillment: Table service and bar seating available, with an option for outdoor patio seating. Working Hours: Monday to Thursday: 4 PM - 12 AM; Friday & Saturday: 3 PM - 1 AM; Sunday: 2 PM - 10 PM.
Executive Summary. Business plans start with a concise summary of the concept for your bar and an introduction to the key elements of your business plan. This includes an overview of the budget, your business's goals and core values, and a clear, actionable vision for the products and services that define your brand.
Utilize this free Bar Business Plan Template to create a comprehensive blueprint for your bar venture, covering aspects like concept development, target market analysis, and financial projections. It's an essential tool to ensure your bar business is well-prepared for success in the competitive hospitality industry. .
This part of the business plan is where you determine and document your marketing plan. . Your plan should be clearly laid out, including the following 4 Ps. Product/Service: Detail your product/service offerings here. Document their features and benefits. Price: Document your pricing strategy here.
The market analysis section of your bar business plan is the compass that points to opportunities and navigates potential challenges. Begin by surveying the broader bar industry, acknowledging trends, and recognizing patterns that could impact your business. Dive into your local market—examine the competition, identify key players, and ...
Wine Bar Business Plan. A wine bar business plan needs to address specific elements to ensure success: Wine Selection: Offering a range of wines that appeal to your target market is essential. Supplier Relationships: Establishing relationships with reliable suppliers can ensure a consistent, high-quality offering.
When selecting a domain name for your bar business, keep it short, memorable and easy to spell. Include relevant keywords where possible and avoid hyphens or numbers. Make sure that the name is available and can be registered—follow the necessary steps for registering your business. 03. Market analysis and research.
Use the Bar Business Plan Template to build a concrete strategy. In most cases, opening a new bar, expanding to a new location, or giving your existing concept an overhaul requires outside capital from investors. But before anyone invests in your dream, they need to see that you've got a concrete plan for success.
The following bar business plan template gives you the key elements to include in a successful bar business plan. This business plan can be used for any type of business in the bar industry including, but not limited to: a sports bar, a dive bar, a neighborhood bar, wine bar, cocktail bar, and more. ... Example Business Plan for a Bar or Pub ...
If written well, your potential investors will find it easy to understand your business model, your mission and goals and how it's going to meet the needs of your target market. For the purpose of this bar business plan, we've included the following in the Company Profile Section: Company Overview & Management Team.
Financial plan. Finally in your bar business plan comes the section on your financials. This will define how you plan to succeed as a healthy, growing business. For a new bar, this section will include your bar startup costs and a break-even analysis. Your bar startup costs are the expenses incurred during the process of getting off the ground.
If you need more ideas, check out these tips in creating a bar business plan. 1. Be Aware Of The Market. Before you begin your business plan, understand the dynamics of the market for bar establishments. Knowing the needs of your customers, the trends that dictate the shift in the marketplace, and the way your competition reacts to certain ...
Revolution Bars has resumed trading on AIM following the completion of a comprehensive restructuring plan designed to steer the business back to profitability. After months of financial turbulence ...
A YouGov poll suggests that the policy may have support among the electorate, with almost six in 10 (58 per cent of) British adults supporting a ban on smoking in pub gardens and outdoor restaurants.
Workers who leave the head office to buy a cup of coffee are costing an Australian mining firm too much money, according to its boss. Managing director of Mineral Resources Chris Ellison said ...
Villa Vie Odyssey looks like any other cruise ship, complete with a modern pool deck, a buffet, a pickleball court, and excited travelers.. But Villa Vie Residences' 509-cabin vessel won't operate ...
This type of plan can go by many names—a business plan, a CEO plan, a professional or personal development plan, or simply written goals, outcomes, or resolutions. Regardless of what it is called, the concept remains the same: create a written plan charting your goals in your legal career over the coming months and years.
If you'd like to try this feature but don't have a Project license, you can start a free 30-day trial of a Project Plan 3 license by selecting the diamond icon within the Planner app in Teams. Access Planner in GCC. Government Community Cloud (GCC) users can now access the Planner app in Teams, ensuring secure and efficient task management.
Roaming charges for all the major networks, Boohoo upsetting customers and a report suggesting the state pension will rise £400 next year are among today's Money blog posts. Leave a comment on ...
SEEKONK, Mass. — The Dublin Rose held a final farewell party Friday night. The Irish pub in Seekonk celebrated a successful 11 years of business. Co-owners said the decision to close was not up ...