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Owning a Bar: Everything You Need to Know

7 Shifts

Opening and owning a bar is one of those unique life experiences; you have no idea what it will be like until you actually go for it. In this guide, we're covering everything you need to know about owning a bar to prepare as well as you can for the big opening day. How Do I Run a Profitable Bar?

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How to Calculate and Improve Your Bar’s Profit Margin

7 Shifts

A bar is a profitable business option if you’re looking to enter the food industry. However, understanding how to calculate and improve your bar's profit margin is key to long-term success. One key area to focus on is drink sales, with cocktail sales accounting for about 23% of a bar's revenue.

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7 Questions to Ask Before Choosing a Point-of-Sale Solution for Your Restaurant

Restaurant Engine

When it’s time to purchase a point-of-sale solution for your restaurant, it’s a big decision and one you want to research thoroughly. The first thing you should know is that a point-of-sale (POS) system will improve many of the functions of your restaurant. First, you want to track sales and checkouts. tweet this).

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What is a Barback?

7 Shifts

Hiring a barback can keep your bar operations efficient and boost customer satisfaction. If you’re thinking of opening or owning a bar , you need a barback to help maintain smooth operations. Barbacks help the bartenders with stocking and replenishing supplies, keeping the bar clean, and helping with customer requests.

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Top 13 Bar Management Software Solutions for 2023

Sling

It takes more than just nice vibes to make a bar successful. Bar owners and managers have to think about things like good staffing practices , inventory management , marketing tactics , and curating an appealing menu. Bar software applications can be a game-changer.

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The Complete Checklist For Selling Your Restaurant In 2024: Pre-Sale, Sale & Post-Sale

7 Shifts

EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) EBITDA is often used for larger restaurants or those with professional management in place, where the owner isn’t involved in day-to-day operations. Selling a restaurant can be a major decision for many reasons. If restaurants in your area sell at a multiple of 2.5

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How Much Do Restaurant POS Systems Cost?

SpotOn

Features and pricing models change frequently, so review the POS providers' websites and connect with POS providers directly so you know exactly what to expect. If you run a restaurant, you know this, so you're probably weighing the many options for POS systems carefully. What does a POS system do? How much does POS software cost?

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