Location and Facilities optional 1. Company Overview There are many variations and approaches on how to lay out the various components of a business plan. The primer below is meant only to explain the broad differences between the most common company types. So for example, if you sell someone a cupcake and they sue you because they found a hair in it, and you lose in court, the creditors can legally go after your personal possessions — such as the roof over your head.
Sale of Non — alcoholic beverages Sale of Tobacco Sales Forecast One thing is certain when it comes to wine bars, if your wine bar is well stocked and centrally positioned, you will always attract customers cum sales and that will sure translate to increase in revenue generation for the business.
We have been able to critically examine the wine bar market and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projection is based on information gathered on the field and some assumptions that are peculiar to startups in Los Angeles — CA.
Please note that the above projection might be lower and at the same time it might be higher.
We also have plans in place to discount our products once in a while and also to reward our loyal customers. Payment Options Our payment policy is all inclusive because we are quite aware that different people prefer different payment options as it suits them. Here are the payment options that will be available in every of our pub; Payment by cash Payment via Point of Sale POS Machine Payment via online bank transfer online payment portal Payment via Mobile money In view of the above, we have chosen banking platforms that will help us achieve our payment plans without any difficulty.
We are quite aware that one of the effective ways of promoting our bar is to create special internal promotions which in turn will help us achieve our aim of leveraging on word of mouth publicity.
Start — Up Expenditure Budget In setting up any business, the amount or cost will depend on the approach and scale you want to undertake. If you intend to go big by renting a place, then you would need a good amount of capital as you would need to ensure that your employees are well taken care of, and that your facility is conducive enough for workers to be creative and productive.
This means that the start-up can either be low or high depending on your goals, vision and aspirations for your business. The tools and equipment that will be used are nearly the same cost everywhere, and any difference in prices would be minimal and can be overlooked. As for the detailed cost analysis for starting a wine bar business; it might differ in other countries due to the value of their money.
This amount includes the salary of all employees and the CEO Owner for 3 months.
Crespo Columbus and his wife Mrs. Tina Columbus and they intend to finance the business alone.
Although they have plans to make the bar manager part owner of the business after 5 or 7 years of services, but that does not stop him from reserving well over 80 percent stake of the business for himself and his family.
Since they are the sole financier of the business, they have decided to adopt the following means to generate start — up capital for the business; Generate part of the start — up capital from his personal savings and sale of his stocks Source for soft loans from family members and friends Apply for loan from my Banks N.
Wine Bar Business Plan — Sustainability and Expansion Strategy The future of a business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure. We know that one of the ways of gaining approval and winning customers over is to properly position our wine bar, ensure adequate security, availability of various brand of wines and excellent customer service et al.
As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of three years or more. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.
Completed Opening of Corporate Bank Accounts: Completed Opening Mobile Money Accounts: Completed Opening Online Payment Platforms: In Progress Application for business license and permit: Completed Purchase of Insurance for the Business: Completed Renting of facility and remodeling the facility: In Progress Conducting Feasibility Studies: Completed Generating capital from family members: Completed Applications for Loan from the bank: In Progress Writing of Business Plan: In Progress Recruitment of employees: In Progress Purchase of the Needed furniture, electronic appliances, office appliances and bar accessories: Completed Creating Awareness for the business both online and in the neighborhood: In Progress Establishing business relationship with vendors — suppliers of all our needed wine, alcoholic and non — alcoholic drinks, tobacco and small chops:A Sample Wine Bar Business Plan Template.
Business Overview; A wine bar is a bar or small restaurant where wine is the main drink available; a characteristic feature of many standard wine bars is a wide selection of assorted wines available by the glass.
Topics covered include how to: Research your target market Find the perfect location Hire a knowledgeable staff Navigate the red tape that accompanies serving alcohol and food Understand the logistics of inventory and equipping your bar Compete with other bars and nightlife venues Keep your clients entertained--and get them to make more purchases--once they're in your bar More.
Bar Business Plan Template – 8+ Free Sample, Example, Format Download! People drink daily, and this means there is a booming business in the bar sector. With this simple hint, it is highly likely that you are already wishing that you had your own bar in place.
Bar business plan advice. Free tips, business plan templates, and consulting services from Growthink. Call BIZ-PLAN to learn more. Dec 30, · In conclusion, the above wine bar business plan sample by Pedro’s wine bar is the one in place to guide the management on achieving the wine bar’s mission and goals.
However, this business plan is subject to change depending on the market trend. This Bar Or Nightclub Business Plan can serve as a starting point for your new business, or as you grow an existing enterprise. Free to download and print.