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"the cure for your ailing bar"Consultants and brokers for every aspect of therestaurant, tavern and nightclub industry. 1806 Callowhill Street : Philadelphia, PA 19130 215.379.2045 .: Fax: 215.701.6968Email us: info@bardoctors.net |
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"the cure for your ailing bar"Consultants and brokers for every aspect of therestaurant, tavern and nightclub industry. 1806 Callowhill Street : Philadelphia, PA 19130 215.379.2045 .: Fax: 215.701.6968Email us: info@bardoctors.net |
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The Top 5 Reasons You Will Fail As A Bar/Restaurant Owner
in. Talk about a niche business, there are so many ins and outs to know about this business that it has the highest failure rate of all small businesses nationwide.
2. Bad Business Management……… Did you know that most bars operate at only a 12%-15% net or less? You want to know why?
3. Location, Location, Location……… What else is around your ideal location or what other types of bars, restaurants or clubs are close to your proposed spot….or better yet, what is not there? Are you easily accessible? Walk by traffic? Will your location be user friendly?
4. Theme or Concept…… Is your idea really innovative or did you fool yourself into believing that? Is your concept complicated or simple…ever heard of HOOTERS?
5. Fail to Plan-Plan to Fail….. Ever hear that before? Having a good plan is more than just projected sales and inventory costs. You need a good foundation first. And getting together with some old college buddies throwing in a few thousand each is a disaster just waiting to happen.
Aviod that kind of trouble. We can help you be successful in your new venture. We’ve already learned by our mistakes so you don’t have to and we are still learning. This business is always changing and new challenges are always around the corner. You just need a little guidance to show you the way so you don’t take that one wrong turn to send you down the wrong path. Access to our content is for members only, membership is TOTALLY FREE and you need only to supply us with a user name, password and e-mail address, THAT’S IT!
The content on this site is for the entire Bar/Restaurant/Nightclub industry to help you better manage your business. The bar business is unique and highly regulated and is a constant target from law makers, your local community and the tax man. In order to run a successful business you have to stay up to date on these changes so you don’t get caught off guard. Bar Doctors can help you do just that….we provide full service consulting services for your entire business. Through our network of associates we can find you what you need for your business faster and cheaper than anyone else. We have spent years and lots of money learning by our mistakes so you don’t have too. Weather you are just starting out and need help with construction, staffing, business plans, supplies, design etc. or if you have been in business for years and can’t figure out why your bottom line / net profits are almost non-existent or if you think your business should be doing better but are just out of ideas we can help you get on tract and save you thousands of dollars and increase the value of your business.
One of the hardest things to do is buy a bar. Where do you look?? What’s involved?? What licensees do I need?? Where do I get them?? How do I value the business?? What’s for sale?? etc. etc. etc. Compared to other small businesses, buying or starting a bar is a very complex arrangement that involves extensive knowledge of state and local laws, licenses, community, law enforcement agencies, and much much more. Every location has its own challenges and you need help to navigate the shark filled waters so you don’t get eaten alive. The reason that the restaurant / nightclub industry has such a high failure rate is because most people think it’s all fun and games and we bar owners sit in our VIP secret offices laughing it up and have so much cash on hand were lighting our cigars with $100 bills and surrounded by beautiful women and driving fancy sports cars! Truth is this business takes a highly dedicated self motivated person willing to do what it takes to succeed. It’s a lot of work and takes up allot of your time. and if you don’t know your way around you will get slaughtered. We will show you how to succeed in this business so that you can do it on your own. We are not here to run your business for you but rather to show you how to run it yourself, unless of course if you prefer to just enjoy the upside of ownership and don’t want to be bothered with operating the business we can run it for you as well.
1. Exposure…. How will you attract buyers? You can’t put an ad in the paper saying “Joe’s Bar For Sale”; you want to keep it quiet so you don’t lose business or employees.
The Top 5 Reasons You Can Not Sell Your Own Bar/Restaurant
not enough?
3. Pro’s & Con’s…. Do you really know what is of value and what is not? I see ads for bars that are for sale that say “smoking permitted”. Smoking exemptions are not transferable and they have already expired!! NO BAR IN THE CITY OF PHILADELPHIA IS ALLOWED TO PERMIT SMOKING!!!
4. Tire Kickers…. If you had an idea of what business brokers go through weeding out the “tire kickers”. We get lots of calls for every listing but before they ever meet you or even know the name of your establishment we pre-qualify them so you don’t waste your time.
5. Paper Work… We have a liquor attorney on retainer with over 25 years experience in liquor and litigation work. We prepare a custom made agreement of sale and all other documents needed to get you out legally and with minimal responsibility after the sale.
Finding a location, financing, all licensing, design, construction, staffing, operations training, etc….we will help you all the way through the entire process.
We will find you buyers and help them get the financing they need. Customized agreement of sale specifically tailored to you. And of course you can be totally confident that we will handle the sale of your bar/restaurant discreetly and completely private.
There is no doubt that if you just opened your doors, hired staff and started serving customers without implementing a loss prevention plan…. YOU ARE LOSING MONEY. Your staff is stealing from you, they are giving away your money and you will never make the profit you should. How do you combat this….let us educate you on how to protect your investment.
L&I violations, promotions, operations, staffing issues, vendors, suppliers…we can educate you on how to handle all of your problems and help you get on tract to a successful business. We have over 30 years experience in all aspects of the bar business with a fully licensed & insured attorney on staff.
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posted about 1 year ago by johnjohn
The gaming bill is up for vote very soon and you need to call your local reps to get the infor...
posted about 1 year ago by johnjohn
Imagine a good weekend night at your bar and you have 100 or so people drinking and having a g...
posted about 1 year ago by johnjohn
Well as usual, the state has taken a good thing for Licensees and turned it into a cash regist...
posted about 1 year ago by johnjohn
Yesterday, at a House Gaming Committee meeting, Chairman Santoni announced that he would be re...
posted about 1 year ago by johnjohn
Well maybe. There is activity right now trying to get Video-Gaming approved for all licensees....
