Sport Bar Business Plan

Sport Bar Business Plan-72
However, the growing popularity of take-out food and the growing number and variety of places that offer self-service or carryout options, including many full-service restaurants, will limit employment growth.The median hourly wage for food and beverage serving and related workers was .72 in May 2010.Many entry-level or inexperienced workers earn the federal minimum wage.

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In some restaurants, workers contribute all or a portion of their tips to a tip pool, which is distributed among qualifying workers.

Tip pools allow workers who do not usually receive tips directly from customers, such as dining room attendants, to be part of a team and to share in the rewards for good service.

Labor costs are important factors for bar & nightclub business owners.

Here is a Bar & Nightclub Business labor market summary from the Bureau of Labor Statistics focused on Bartender Job Market Conditions.

The median hourly wage (including tips) of bartenders was $8.98 in May 2010.

The median wage is the wage at which half the workers in an occupation earned more than that amount and half earned less.Many bartenders work full time, and they must often work late evenings, weekends, and holidays. Employment of bartenders is expected to grow 9 percent from 2010 to 2020, slower than the average for all occupations.As people continue to dine out and drink at a variety of food and drinking places, many new bars, taverns, and restaurants are expected to open to meet demand.Smaaall companies can compete effectively by serving a local market, offering unique products or entertainment, or providing superior customer service.The industry is labor-intensive: average annual revenue per worker is about ,000.Learn about trends in the Bar Business & Nightclub Business and where to find more info about how to open a bar business or nightclub business.Don’t forget you can receive free or low-cost training and free professional business advice, from your local Small Business Development Center!The lowest 10 percent earned less than .60 per hour, and the top 10 percent earned more than .14 per hour.Bartenders’ earnings often come from a combination of hourly wages and customers’ tips.Also, various exceptions to the minimum wage apply under specific circumstances to disabled workers, full-time students, youths under age 20 in their first 90 days of employment, tipped employees, and student learners.Tipped employees are those who customarily and regularly receive more than a month in tips.

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    To kick things off, write an executive summary to outline the key point of your business plan. This helps give readers an idea of what you’ll be highlighting throughout the plan. Start with your vision for the bar. Do you imagine a sports bar filled with patrons during the big game, or a speakeasy space with craft cocktails?…

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    Sports Bar Business Plan - Writing a Sports Bar Business Plan. Sports bar is restaurant creatively decorated with sports motif and memorabilia. Sports bar serves a wide selection of beers and wines and have wall-to-wall with hi-definition televisions with screen sports and also referred as a Sports café.…

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    Make the most of the fact that sports fans want to cheer on the home team amongst friends by following these five proven sports bar marketing ideas that can help bolster your restaurant marketing strategies. 1. Pay for all sports events even PPV Sports bars already have a rich lineup of events regular season games, plus pre-season and playoffs.…

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    If you’re having trouble setting a valuation for your bar but don’t want the rigidity of debt finance, this is a good route to take with your possible investors. Thanks to the Bond Street peeps for letting us republish a piece of their guide — focused on the business plan and financing.…

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    Bar Business & Nightclub Business overview, trends, business plan template, links to bar & nightclub industry info, help with opening a bar or a nightclub. The SBDC National Information Clearinghouse serving the Small Business Development Center Network and America's small business community.…

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