But the devil is in the details. When that stress response is turned on 24/7âthe way it is for a lot of usânothing good happens. Itâs like speeding down the 405 freeway in first gear. That first gear can be a lifesaver if youâre trying to get up a steep hill, but itâs death to your transmission if youâre driving 75.
You will generally find that the total cost per square foot of your restaurant will run about $150-$200, excluding land costs. This means that if you plan on opening a restaurant with a square footage of 3,000, your total costs will be approximately $450,000-$600,000. Keep in mind that this is a general range only.
Funding. Funding is critical to opening a bar and keeping it running successfully. How much you need to start your bar depends on if you build it from scratch or purchase an existing store.A small tavern might cost about $150,000, but a ritzy nightclub will cost hundreds of thousands of dollars or possibly millions, according to Entrepreneur magazine.You also want operating capital for at least six months because that is when the average bar starts to turn a profit.reparation. Decide what type of bar you will open, such as a sports bar or a nightclub, and work out a business plan before opening your bar, according to The Professional Bar &amp; Beverage Manager's Handbook.. One of the most important parts of a bar business plan is marketing research.