Hello Andrew & Bret,
My mother has owned a bar for just about 30 years. I would be happy to answer all of your questions with her help of course.
After looking at your questions I can tell you that some of your questions will depend on the size of Property you buy, rent or lease. i.e utilities and remodeling.
She bought her Property 30 years ago and now the area has changed and she wants to sell her building and business. She`s older and has cancer......she doesnt have the energy for the area change. So when looking into buying make sure you take into consideration of potential changes in the area. If you lease and rent you will still have the option to transfer if your liquor license allows you to (within the same city or county limits obtain initially)
Thanks to all of you for your input. I know it`s been a while since I posted, but I`ve realized that I need to take a couple steps back.
Naturally, I`ve got more questions.
How does one find out about licenses that are up for sale?
How does one begin a business plan for a bar?
Once I have a business plan together, I expect I`ll have a few actual locations in mind. Then I can start looking for remodeling estimates from contractors. (that was going to be a question, but I sort of answered it before it formed properly)
I know everyone`s story is different.
I hope I can get some more input, and some more first-hand accounts of processes, start - finish (plan - open), and bumps in the road.
Who was your target audience?
Why did you want a bar?
What do you wish you had done differently? -maybe the most important question I`ve come up with.