Remove Design Remove Equipment Remove License
article thumbnail

Owning a Bar: Everything You Need to Know

7 Shifts

Equipment : What equipment will you need? Sourcing the Right Equipment Your budget, target market, and concept will dictate your equipment needs. The size of the space is important, as you'll need enough room for customers and all of your bar's equipment. Your team : Who do you need to make this work?

Bar 370
article thumbnail

How to Open a Bar: Comprehensive Guide on Starting a Bar

7 Shifts

However, note that bar profit margins vary due to various factors like tax rates, licensing laws, customer demographics, and the cost of living in your area. Obtain permits and licenses Remember: selling alcohol is a heavily regulated business. Before you start a bar, you must secure a license from the Alcohol and Tobacco Trade Bureau.

Bar 221
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

How to Buy a Restaurant: An Ultimate Guide

7 Shifts

You have the advantage of a built-out kitchen with equipment, bars and dining rooms, technology, parking lots, and more. Tack on obtaining permits and licenses, and you could be in for a pretty big check. Equipment Costs and Condition More than likely, you’ll be purchasing all of that equipment when you buy a restaurant.

License 444
article thumbnail

How to Open a Coffee Shop: The Ultimate Guide

7 Shifts

Obtain Permits and Licenses. Design the Floor Plan Layout. Sourcing Equipment. This includes but is not limited to your equipment, permits, menu, and marketing. Rent, equipment costs, supplies, marketing, and paying staff are among the costs you'll incur when just starting. Business License. Liquor License.

License 459
article thumbnail

The Complete Checklist For Selling Your Restaurant In 2024: Pre-Sale, Sale & Post-Sale

7 Shifts

Asset-Based Valuation In some cases, the value of your restaurant’s assets, like equipment, furniture, and leasehold improvements, might be the best way to determine its value. For example, if your restaurant's equipment and fixtures are worth $50,000, that would become the base value for the sale.

2024 195
article thumbnail

How much does it cost to open a restaurant?

7 Shifts

Furniture & Equipment Restaurant equipment can set you back between $100,000 and $300,000. Licensing and permits The licensing and permits your restaurant will need will vary depending on where you are. Ask an experienced colleague or lawyer which licenses and permits you’ll need to open a restaurant in your area.

License 354
article thumbnail

Food Truck Design 101: How To Design A Food Truck

The Restaurant Times

You can invest in an expensive vehicle or technology , but creating an appealing food truck design is one of the key elements of success for the food truck business. This article will walk you through everything you need to know to design a food truck. Licenses And Permits. Business License. Food Service License.