Secrets for Running a Successful Bar
October 11th 2014 at 10:31am Published by firstdownadmin
You have just set up a bar of your own, and are currently wondering why the profits and the revenues aren’t coming by like you would have expected them to come. You were expecting a lot from the bar during the first few years, but the bar hasn’t quite given you the payback you were expecting.
If the situational analysis above resonates with what you are experiencing with your bar, then we have the right secrets listed down for you in this article. People enjoy going to nightclubs and bars for relaxing after a long day at work, but they still are particular about where they head to.
Every regular bar go-er has certain expectations in their mind, which they want fulfilled by the bar of their choice. If you are able to fulfill their needs through the secrets below, then you are all set to travel on your journey to bar success.
Before we list down these secrets, it is necessary to mention that all of them require certain amount of capital. If you’re short on capital you can get small business funding or the savvy option of a merchant cash advance from a trusted funder.
Bar success is heavily dependent on the frequency and the types of events you stage. If your bar has frequent events that are popular with the local masses, then you can get the results that you expect from the people around you. It is necessary that you hold events that are in line with the expectations people have from your bar. You can create excitement for the said events by marketing and promoting them regularly. These events would bring new customers who would grace your bar with their presence in a consistent manner.
Create a Signature Drink
A signature drink can help a bar achieve the success that it wants. If you want to achieve success as a newly established bar, you have to enthuse visitors with a special signature drink, something that is true only to your bar. Work with your bartenders and come up with something that is unique and amazing.
The drink should appeal to the taste buds of your audience, so that they tell their friends and family about this crazy drink they had from the best bar in town. Word of mount marketing can do wonders and will help you enjoy some dividends as well.
Have a POS
A POS or a point of sales system can help you record almost all of the sales you do on a periodic basis and can also help with generating bills and managing orders. Customers can use their cards and you would be better able to manage traffic without a hassle.