Open a bar

Author: Lao Qi
Publisher:
Publish Date: 2005-01-01
Features: Opening a bar might be the realization of a long-held dream for you! According to authoritative data from China's Ministry of Commerce, the retail sales of the catering industry were expected to reach 720 billion yuan in 2004, an increase of about 18% year-on-year. In the first half of 2004, China's catering market grew rapidly, with the industry's retail sales reaching 337.4 billion yuan, a year-on-year increase of 24.5%. It accounted for 13.4% of the total retail sales of consumer goods. In the first half of 2004, the retail sales of catering enterprises in Guangdong Province were 47.45 billion yuan, ranking first in the country, followed by Shandong, Jiangsu, and Zhejiang provinces, which first exceeded 20 billion yuan. As a relatively special field in the catering industry, the gross profit margin of beverages is much higher than that of food and beverage items, generally reaching 60%–70%, with some even reaching 75%. For spirits, the selling price in bars is often five times or even higher than the cost price. As a high-profit industry, the bar business has attracted an increasing number of investors. Today, many people dream of owning their own bar, so how can this dream be realized, and how can the bar be operated well to give it a unique personality? As an "old" bar operator, I will tell you how to start and run a bar with a unique personality.