Owning a bar is a fantasy that many can claim. Who hasn't once thought about what it would be like to own and manage the hottest place in town? Your favorite bar may be the place where "everybody knows your name," but is it a good financial investment? Like all business investments, there are important factors to consider before you jump in and buy a bar business for sale. Bar establishments depend primarily on sales, so investigate carefully whether or not the bar you are considering buying has these components:
Location, Location, Location
Obviously a common mantra in real estate -- primarily because it is true! If you are looking for buy bar opportunities, look for bars located near restaurants, movie theaters or other popular hangouts. When people are out, they tend to stay close to their original destination. A bar located near a favorite local restaurant will see a lot more traffic than one located farther away.
Parking is another item to think about before you buy. Bar establishments that offer ample parking (or are located within easy walking distance from a parking garage) make it easy for patrons to choose them. If parking is not easily accessible, is there a way to offer valet?
Would You Like Some Fries With That?
Look to buy bar opportunities that serve food in addition to liquor. Bars that serve food tend to be more successful over time than bars that only serve liquor. Not only do you ensure that your patrons have no reason to leave, regular intake of food helps them continue ordering drinks -- which is where your real profits come into play!
And, the food doesn't necessarily have to be top cuisine in order for customers to buy. Bar food can be anything from appetizers and peanuts to pizza and burgers. Of course, once you buy a bar for yourself, you can take the food any direction you wish. Many bars are embracing a new trend of serving high caliber food to their patrons.
Let's Get This Party Started!
Successful bars have a hook -- a reason to draw people in. When looking into buy bar opportunities, look for a bar that offers live bands, karaoke or broadcasts sporting events. People need a reason to walk through your doors. A bar that includes room for a stage, has the latest karaoke equipment or is decked out with flat screen televisions is going to fit that bill.
Obviously you would want to investigate other factors (like profitability, licenses, etc…) before you buy. Bar opportunities are about more than just financial returns, however. Making it easy for patrons to come, having good food for them to enjoy and entertainment will go a long way towards your success as a bar owner.
See all California bars for sale on BizBen.com at this time.
About the Author: Peter Siegel, MBA is the Founder of www.BizBen.com (established 1994 - 7000+ California businesses for sale, 200 new listings daily) and the Director of the BizBen Network (16,000 business buyers, 4,000 small business owners, 1,800 California business brokers & agents). He consults daily with business buyers, business owners, small business advisors, business brokers and agents on selling and buying California small businesses. He is also the author of three books on the topic of how to buy and sell California small to mid-sized companies. For a FREE consultation on the best way to buy or sell a California business, phone Peter Siegel direct at 866-270-6278.
|Helpful Resources To Assist In Selling And Buying California Businesses|
|Jeff Back, Broker: Restaurant Specialist - SF Bay Area
J. Back & Associates Restaurant Real Estate was founded in 1988 as the first bay area real estate company to specialize exclusively in restaurant real estate. I am the past President of Charley Browns restaurants and have been involved in the restaurant business for over 35 years. 925-736-8200.
|Lee Petsas, Business Broker - Orange, San Diego Counties, Inland Empire
UBI Business Brokers has been successfully selling businesses in Southern California since 1965. Our Agents have over 100 years of experience in selling small to medium size businesses throughout Southern California. We service Orange County, Inland Empire, San Diego. Phone Lee at 714-363-0440.
|Matt Sadati, Business Broker, SF Bay Area, Northern CA
I have Engineering and Law, JD degree, with over 30 years of experience in all phases of entrepreneurship. During the past 15 years my concentration has been in business of mergers and consulting. I have owned and operated over 33 businesses each having one to 30 branches.
|Jeff Sacher, Business Broker - North Bay Restaurant, Retail Specialist
Jeff is a leader in business brokering in the North Bay. Since joining Santa Rosa Business And Commercial in 1999 he has assisted Buyers and Sellers in over 200 business sales and acquisitions. Jeff provides other services for his clients as well. Reach Jeff and his team at 707-888-4972.
|Mike Brewer: Liquor License Brokers, ABC Consulting Services
Liquor license brokerage and consulting services. We provide: Alcohol License Transfers Application Consulting & Processing, Liquor License Purchases & Sales, City Zoning Permits & Land Use Entitlements, Public Convenience or Necessity Findings and Letters. Phone Mike Brewer direct at 800-437-1100.
|Elizabeth McGovern: Escrow Services - SF Bay Area
McGovern Escrow Services, Inc., is a leading independent escrow company. We are a trusted partner with our clients, assisting them through the tangled bulk sale & liquor license transfer process. We provide attentive, quality & innovative customer service. Phone Elizabeth McGovern at 415-735-3645.
|Steve Zimmerman: Restaurant Broker Specialist
Steve founded Restaurant Realty in 1996. He has personally sold/leased over 900 restaurants, bars & clubs, & completed over 3000 valuations. The author of "Restaurant Dealmaker - An Insider's Trade Secrets For Buying a Restaurant, Bar or Club" available on Amazon. Reach Steve direct at 415-945-9701.
|Mani Singh, Business Broker, Southern California
I have successfully represented clients sell & acquire multitude of businesses ranging from Gas Stations, Liquor Stores, Markets, Super Markets, Smoke Shops, Postal Stores, Restaurants, General Retail, Auto and Construction related. Phone me for assistance with selling or buying at 951-296-7646 Cell
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