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.


Categories: BizBen Blog Contributor, Buying A Business, How To Buy A Business



  Helpful Resources To Assist In Selling And Buying California Businesses

Harry Sidhu, CBB, Broker - SF Bay Area, Central Valley, SAC Region

Assisting both sellers and buyers of businesses - dealing mainly with Liquor Stores, Grocery Markets, Gas Stations, Smoke Shops, Restaurant Related, Retail Related, Service Related. Serving SF Bay Area, North Bay, Sacramento area. Call Harry Sidhu, CBB for assistance at 510-366-6130.

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

Michael Davidson, Business Broker - Southern California

Los Angeles Business Broker providing M&A quality services for Small Business Owners. We leverage our technology and expertise to Simplify & Expedite the Business Sales Process. Matching the right buyer with the right business is how we define success.

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.

Ryan Clark, Business Broker, Southern California

The Veld Group provides a refreshing approach to Business Brokerage, Mergers & Acquisitions and Business Consulting and Valuations. From Your Street to Wall Street, we cater to Main Street Businesses as well as more complex Strategic Firms and Start-Ups. Phone Ryan at 310-652-8353.

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.

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.

George Lanza, Business Broker, At Plethora Business Sales

Plethora Businesses, a division of A Premier In Services, Inc., is a Business Intermediary Consulting Firm headquartered in Orange, California. Plethora specializes in the listing and sale of small and medium sized private businesses.


  Related Articles, Events, Blog Posts, Discussions, Videos, Interviews

Don't Buy A Restaurant Without Checking The Competition - Key Buying Tips

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Buying A Bar - 4 Tips Worth Reading About Before You Buy Your Bar Or Lounge

Four factors to consider when buying a bar. Peter Siegel, MBA (BizBen ProBuy, ProSell Programs) with BizBen discusses: The advantages and disadvantages of a bar that serves food as well as liquor. Staffing, inventory control and owner involvement as they relate to a good business are summarized.

The Bottomline: What Exactly Is Adjusted Net Income, SDC, And Cash Flow?

The use of add backs & adjusted net income is common among sellers of businesses when showing their financial information/performance. But buyers are cautioned to review financials and tax returns / documents closely. Peter Siegel, MBA with BizBen (ProBuy & ProSell, Financing Expert) explains.

Buyer Beware: Does A Company's Culture Effect The Sale Of A Small Business?

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What Factors Are Considered In Valuing A Small Business? Advisors Weigh In

Valuing a small business is not guess work. It's not what some other businesses of the same type may have or may not have been sold for, it's not even what a business owner "feels" they want or deserve. It is a formula based on many factors. Peter Siegel, MBA from BizBen & others discuss this topic.

Financing A Business Purchase With Limited Or No Real Estate Collateral

In my experience working with the "right banks and financial institutions" repayment ability sometimes overrules collateral pledged by someone needing financing for a business purchase or a down payment. Peter Siegel, MBA (Business Purchase Financing Expert) at 866-270-6278 shares his experience.

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How do I sell my business without getting sued, isn't a subject just for discussions with lawyers. A seller can take some precautions to reduce potential legal problems. Peter Siegel, MBA Founder Of BizBen and BizBen's ProSell Program discusses this topic for business owners/sellers and brokers.

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Don't Buy A Restaurant Without Checking The Competition - Key Buying Tip...
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