Top 5 Tips for Setting Up Your Own Pub

The sheer thought of starting a pub business readily evokes vivid images of merry throngs of revelers drinking and chatting heartily late into the night. However, this type of commercial startup isn’t as simple as the average Joe might assume. Just having the right amount of initial capital doesn’t mean that you’ll successfully crack into this otherwise taxing and reasonably trick trading venture. As such, this article briefly explores a few guidelines that will help you conveniently start and lucratively run a thriving beer joint. Continue reading to discover some top 5 tips and some practical advice on setting up your own pub.

1. Scrutinize Alcohol Consumption Trends & Stats

First off, you’re encouraged to thoroughly look at the most recent alcohol consumption trends and statistics before you launch your own bar business. Since these practical and trend-showing consumer reports will offer you the hard facts you need to pick a promising site, it’s quite possible for you to distinguish specifically customer-rich areas from outright no-go zones. You’ll as well have to keep in mind a host of other equally important location-oriented considerations like safety concerns and security levels.

2. Determine the Type of Bar You Want to Set Up

There are many pub classifications out there. This means that you will have to decide whether yours will be a specialty bar or a typical neighborhood pub. For the highly savvy or sophisticated folks in town, a sports bar could also be your preferred thing. Alternatively, you might choose to launch a common beer bar. Regardless of the specific pub category you go for, take enough time and thoroughly weigh all the requisite insights and managerial demands that come with the favorite sort of club you want to set up.

3. Think about the Required Amount of Capital & Its Source(s)

Starting a beer joint is not different from opening any other business type, whether in the catering industry or some other popular commercial niches. Although some uninformed investors mistakenly think that putting in lofty cash figures will automatically bring good returns, this myth is hopelessly false. The starting capital is an important success determinant, yes; but it’s not the only such key factor. Sound management ought to rank higher than the actual sums you use to open the new bar.

4. Evaluate All the Anticipated Operational Expenses

In a similar vein, it’s vital to figure out all the expected operational expenses you’re likely to incur as you start and manage your own drinking joint. If you don’t carry out an informed forecast of the inevitable routine expenditure to be expected in the course of running the fresh startup, odds are decent you’ll be out business in no time. Some of the essential costs to factor in at the very beginning include rents, leasehold improvement spending, permits fees, equipment and fixtures, perhaps accounting charges or legal levies.

5. Choose a Strategic Business Location

Choosing the most advantageous physical location is perhaps the most critical decisions that nearly every disingenuous investor makes. Consequently, you should go for a perfectly accessible location where large numbers of customers will conveniently come into and get out of your place without any major hassles. For instance, you may opt for a hugely peopled spot so that you can easily attract the thousands of potential consumers in the neighborhood. However, remember to liaise with the concerned regulatory authorities to avoid running smack into regrettable statutory illegalities from the very outset.

The Rise Of Gastro Pubs

How they came to be.

The origin of the gastro pubs goes as far back as 1991 in the British pubs when restaurateurs Michael Belben and David Eyre took over the lease in a London pub, the eagle.

Traditionally, the pubs in Britain were specifically drinking establishments with little emphasis on serving meals. Belben and David however, added a decent selection of wines and a few rums to the beer and lager already offered at The Eagle. In addition to the decent drinks, the kitchen space was extended and the meal offerings added.

What are they all about?

‘Gastro’ in Gastropubs is simply a short form of the name gastronomy which means the art of setting aside, cooking and eating good food. The meals served in the gastropubs are the high end means and not everyone is contented with these prices.

Back in the day, the rotating menu was jotted down on a blackboard and included meals such as whole fish and sandwiches. Gastro pubs are however not a place that offers drinks alongside meals but most think of it as being more of a social venue.

The Rise of Gastro Pubs

Since it was first seen in the year 1991, the gastropub trend ended up spreading like wildfire with the chefs bringing in fresher seasonal ingredients as well as a new take on forgotten classics.

With the kicking in of the gastropub movement, the standing rooms in the bar slowly diminished and this space was replaced by dining tables that you were led to by a waitress.

It is in Britain that the locals are associated with having a strong affair with pubs; therefore, the gastropub movement is widely attributed to the popularity and dominance of the British cuisine. This allows gastropub lovers in different parts of the world to appreciate the British heritage but with a modern twist to it.

Taking America as an example, Sang Yoon upon purchasing the Father’s Office bar in 2000 had only one goal. To serve good food in a casual setting. The same goes for the Spotted Pig in New York which ended up being one of the busiest restaurants in the USA

Gastropubs have grown under the ownership of both large restaurant groups as well as the small operators. In England, there is a number of these as well as an ETM group that operates many gastro pubs.

In the USA, gastropubs are distributed across the country with most being in top dining destinations such as New York, Chicago and Los Angeles.