This sample Rental Property Business Plan is free for you to download and use as a basis for developing your own specific business plan. They are committed to making this operation a successful one. Employees have been hand selected and share the same views as the owners, that is, keeping business plans for bar and grill customer happy assures repeat business. The Neighborhood Bar and Grill will accomplish this through a concerted advertising and marketing campaign, reliance on signage and primarily by word of mouth.
Located at a major intersection in Palm Beach County, the site is located in a neighborhood retail centered anchored by a Winn Dixie grocery store. With average traffic counts of 42, daily, the site was primarily selected because of its location, the local demographics surrounding the site and reasonable rental rates.
The Neighborhood Bar and Grill will provide a comfortable place for locals to come and gather for relaxation, striving to be the bar of choice for the locals in the Cresthaven neighborhood and suburban West Palm Beach.
The Neighborhood Bar and Grill is based on the guiding principles that life is to be enjoyed and this is reflected in its vast selection of beverages, its delicious food offerings and the professional team members.
At the Neighborhood Bar and Grill, these principles are applied to management, employees, customers and suppliers alike. Life is to be enjoyed! Neighborhood Bar and Grill employees love their jobs and their customers! This is not only reflected in the outstanding service — it is because management personally culls and trains each employee putting them in the position that is ideally suited for them, business plans for bar and grill. Integrity — In the spirit of all great bartenders, treat each customer with utmost respect and professionalism.
The Neighborhood Bar and Grill bartenders and wait staff are trained to act professionally in all situations. No one wants to work with drunken and disorderly individuals and the patrons do not want to be known business plans for bar and grill such either.
The property address is South Military Trail. The Neighborhood Bar and Grill will provide a soft, quiet environment for its patrons. The furnishings are comprised of leather appointed chairs and small booths throughout the bar. These items were obtained at various local auctions and although not entirely matching, lend an eclectic look to the cocktail lounge area. The walls are adorned with a hodgepodge collection of memorabilia from the local area - many donated by Mr.
The bar will have a small central stage and provide the site for jazz musicians and open mic nights on the weekends. A successful business owner, he currently owns two independent wine bars in West Palm Beach and Boca Raton. Chef Danny Zinn will oversee the kitchen. Gary met while employed at business plans for bar and grill Radisson.
These items were obtained at various local auctions. The owners are currently remodeling and retrofitting the space to accommodate both a front and back bar along with stools for customers. The back bar was secured from a consignment shop and is ornately decorated English walnut, marble clindamycin and drinking alcohol glass.
The front bar will be constructed by Mr. The loan will be secured by UCC filings on all inventories, and accounts receivables. The space was formerly a restaurant and the layout is perfect for the proposed kitchen. The commercial loan proceeds will be used to purchase the majority of the kitchen equipment including two stoves and ovens, one walk in refrigerator, a freezer, two microwaves and a deep fryer, business plans for bar and grill.
The commercial loan will be secured by UCC filings on all furniture business plans for bar and grill and equipment. The source of repayment for both loans will primarily be cash flow from the bar and secondary source of repayment will be recourse to the owners. The tertiary form will be disposal of the assets. The owners specifically sought this location because the demographics aligned with their target customer. Located on the northwest corner of Military Trail and Cresthaven Boulevard, business plans for bar and grill, approximately 42, cars pass the site daily.
The shopping plaza is anchored by a Winn Dixie grocery store. The following table briefly summarizes the population in the 3 and 5 mile radius:. The bar will also offer a full service liquor bar.
One of the owners is an award winning chef formerly trained at the Florida Culinary Institute and most recently employed by the Fontainebleau in Miami. Chef Danny Zinn will prepare traditional bar foods such as nachos, potato skins, and calamari, along with the local favorites of fish dip and fried grouper sandwiches, business plans for bar and grill.
Dining patrons will also enjoy his daily specials including freshly caught Atlantic Snapper and Mahi Mahi. The kitchen will close at 8 pm, but patrons will still have the option of easily prepared foods, that the bartender can microwave or easily throw into the deep fryer. A cover charge will be applied to patrons to cover the band expenses. The bands will be responsible for setup and tear down of all equipment.
Restaurant supplies pots, pans, cutlery, and cooking utensils will come from Grover Restaurant Supply. These monitors and hand held units will provide point of sale menus, inventory control analysis, credit card sales, and office management.
Bartender theft and employee theft can quickly be the financial demise of any business. The POS systems will alert the chef when inventory levels are low and the bar manager when to place his order.
Comment cards will be available throughout the bar and management will keenly review these comments, making adjustments as needed. For example, the owners might consider open mic nights, creating a Trivia Night or providing other options as deemed acceptable by the customers. Although people still gather to socialize in bars, just as they have for hundreds of years, other factors have come into play for the industry as well.
Problems with driving while intoxicated have changed the drinking patterns of people in United States, business plans for bar and grill. The growing concern with health and fitness toward the end of the 20th century took its toll on the bar industry, business plans for bar and grill.
No major companies dominate; varying state liquor laws complicate the ability to form large chains, business plans for bar and grill. The industry is highly fragmented: Personal income and entertainment needs drive demand. The profitability of individual companies depends on the ability to drive traffic and develop a loyal clientele.
Large companies can offer a wide variety of food, drinks, and entertainment, and have scale advantages in purchasing, financing, and marketing. Small companies can compete effectively by serving a local market, offering unique products or entertainment, or providing superior customer service.
The industry is labor-intensive: There are few barriers to entry in the neighborhood bar industry, and the capital costs of starting a new neighborhood bar are low.
However, competition among bars and taverns is intense due to the large number of bars in the target market. When combined with a small industry growth rate, market share gains by one bar will be at the expense of others.
Competing for the neighborhood bar are other small neighborhood bars and larger chain restaurants with full business plans for bar and grill bars. The slower economy resulted in some patrons purchasing from grocery stores, package stores and convenience stores. The following is summary of the comparables:. This 16, square foot corporate restaurant and bar was established in The restaurant specializes in Dominican food and drinks.
With a focus on black beans and rice and mojitos, the theme is quite different from the subject. Established inthe iconic restaurant and bar is one of twenty-two facilities in the South Florida area. The restaurant and bar has 33 employees. This freestanding 3, business plans for bar and grill foot bar is privately owned and operated.
The bar has a "C" credit rating and does not provide food. The neighborhood bar has a sports bar theme. More of a sports bar, the subject will compete indirectly with this competitor.
The bar has 6 employees. This neighborhood bar is one of three in Palm Beach County that are privately held by the same owner. This 15, square foot bar started in has a tremendous following. While patrons can find similar bars in the trendier downtown and midtown locations, the quieter, smaller bars offering finer foods and jazz venues, are all but overlooked in the suburbs.
The local distributors support this business venture as well and based on the area demographics and are anxious tap into this lucrative market. The marketing strategy is designed to target this group. As the owner of two South Florida wine bars, Mr. The wine selection will be somewhat smaller but just as impressive. Food offerings will consist of standard bar fare along with, do adderall and wellbutrin act similar prepared daily gourmet specials.
The owners will rely on POS system for orders, inventory control, accounting functions, time management and other functions. All bartenders will be hand selected and trained to cross sell appetizers or higher margin items. Liquor sales and the bar industry overall is demonstrating improving trends. The following is a summary from the February U. Distilled Spirits Council Report:. The owners and staff are constantly aware of patrons changing likes and dislikes and the bar and grille will act quickly to make changes to meet these needs.
The following information summarizes the SWOT analysis. SWOT stands for strengths, weaknesses, opportunities and threats. A SWOT analysis is a method for strategic planning that evaluates these four elements business plans for bar and grill they relate to the business objectives.
Provide exceptional customer service in a relaxed and inviting environment encouraging patrons to return again. Extensive and ongoing employee training.
Employees will be rewarded financially for providing impeccable service with opportunities to benefit in profit sharing. All staff are hand selected and share the same core beliefs of the owners; everyone will be trained to be keenly aware of patrons and anticipate their needs before the customer does, for example always offering to promptly show them to their table, graciously asking to hang their coats, and bring them their drinks expediently.
The bar features a vast selection of hand crafted beers — both local and imported, business plans for bar and grill, as well as an impressive wine selection.