|
HOW TO OPEN A BAR?
Hi I'm 25yrs old and looking for some practical advice on opening a bar/small club in South East London or North West Kent England. I know how to run and manage a business to an extent but not sure where to start when setting one up. Need to work out costs mainly but struggling to even find premises for sale or lease. What is better freehold or to lease? Are there particular things I should be doing in certain orders with regards to getting any licences I may need. If anyone can help I'd really apprieciate the advice. Thanks.
[ ]
Want to answer more questions in the Work & School category?
Maybe give some free advice about: Job Searches?
I would suggest consulting an attorney and an accountant. The attorney can give you more detailed advice on the various legal issues you will encounter. They can also advise you on the licenses you will need and how to get them. The accountant will help you work out the best strategy for money, taxes, etc.
I would also recommend checking your local business association for some advice. Another option would be to speak to some other owners of businesses such as what you're planning. Since they've already been through all the startup issues, they will be able to give you more specialized advice.
If you haven't already taken some business/accounting classes, I would suggest you do so. It will give you a better idea of what to expect and provide you with the skills to run your business.
To find the premises, you can check your newspaper for commercial listings or consult a real estate agent. I would suggest the real estate agent since you can tell them what you're looking for and they'll do the searching for you. That way you're not running all over the place looking at properties that may not fit your needs. In the lease vs buy issue, I would consider your money situation first. If you don't have a lot of startup money, a lease may be the way to go. However, a lease can come with some issues. If you do decide to lease, I would suggest having an attorney look the lease over to make sure it meets your needs. If you have enough money to make a downpayment, then I would go with buying the property. That way when you get done paying, you own the property. You're also not bound by the terms of a lease.
]
If you go to a business real estate company you may be able to buy or lease a property that already has some of the licences you need. Whatever property you do get I would suggest getting it checked over, if you are going toemploy staff you will need to make sure that the property (once it is ready to run) conforms to all health and safety legislation (I used to be a health and safety officer, that is one area that the government is getting very hot on nowdays). It may be worth while looking online for small bussiness advisors that specialise in the bar/club field.
I hope this helps you, good luck and let me know what it's called and where it is when it's open, maybe I'll pop down for a night :-))
Kizlode
]
Its harder to start a lease because you have to pay back all this money you owe when starting a lease . So I would suggest buying it on site you can go to a realitor -->> however you spell it .. and they can find you some places for sale or lease
Hope I helped
Ashley
]
More Questions: |