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How to Start a Bar/Club

How to Start a Bar/Club

Be the toast of the town, the life of the party--and a successful entrepreneur? Yep. You can have it all when you open a bar.

Entrepreneur Magazine

Expenses: Night Owl

Rent (security deposit and first month) $3,250

Leasehold improvements (heating/air conditioning, electrical, plumbing, painting, carpentry, sign, flooring, smoke detectors) $18,000

Equipment/fixtures $43,000

Licenses/permits $35,000

Beginning inventory $22,000

Phone/utilities deposits $150

Payroll $5,550

Grand opening marketing $1,000

Legal services $425

Accounting $250

Insurance $450

Miscellaneous expenses (add roughly 10 percent of total) $12,907

Total Startup Costs $141,982

Expenses: Neverland

Rent (security deposit and first month) $6,125

Leasehold improvements (heating/air conditioning, electrical, plumbing, painting, carpentry, sign, flooring, smoke detectors) $65,000

Equipment/fixtures 212,000

Licenses/permits $45,000

Beginning inventory $38,000

Phone/utilities deposits $375

Payroll $18,730

Grand opening marketing $3,000

Legal services $1,150

Accounting $650

Insurance $2,350

Miscellaneous expenses (add roughly 10 percent of total) $39,238

Total Startup Costs $431,618*