How much experience do you have? I`m assuming from the context of what you said that you and your partner have done something similiar to this or have experience with running a bar. The jazz/blues may not work entirely with the cigar but the martinis mesh well with the ambience.
You`ll have to get details from the SBA but they and the state are offering additional incentives for starting a business in New Orleans in the next year or so. The first and most important question is if you really want to do it. Do you envision yourself putting in the time week after week doing the paperwork and being hospitable to customers even when profits seem months away? Or is your vision still too vague to nail down?
If your answer`s the former, then you should start taking a look at economic maps and commercial maps of New Orleans to know where most of the bars are and where most of the jazz-loving crowd lives, works, and relaxes. Getting an estimate of your business is more important than getting an estimate for contractors.
Link up with a reputable real estate firm and find a good site that isn`t too much of a fixer-upper and is in the right neighborhood. (This is assuming you`re not building everything from scratch.) Once the site is yours, you can get your estimates for supplies and renovation, do the floor plan and then approach the SBA or investors. With the higher interest rates of a SBA-backed loan, you may be able to find investors, banks, or private firms who can offer you a better rate. I recommend you see if there`s any business-minded or restaurant/bar-minded people you know who can help you.
If your answer is the latter, then talk things over again with your partner. It may help to have the general floor plan, specifics of your bar`s offerings, and the general idea of your bar`s preferred clientele in mind before you embark on a more costly step such as real estate or applying for loans. There are no end of books on starting a small business from the more general such as those written by this site`s founders or the more germaine.
---"Forget inspirational quotes to keep you going. If by doing what you do, you get an hour every day to relax, be with the ones you love in comfort without doing wrong, then it is all worth it." -Anon.
Web Developer / Owner / Consultant
When starting your own business the need to "know-how" is greater than money!
Christopher & Joshua
I see by your bio that neither you nor your partner reside in the NO area – I am a regular visitor to
From personal experience in NO and as a cigar smoker and martini drinker, yes absolutely jazz/blues + martinis + cigar bar would be great … if I may add one more ingredient that would be interesting is upscale/tasteful burlesque ala pussycat dolls. When I’m in town I love to sit and listen to live music but most bars/clubs don’t allow cigar smoking and I can’t stand cigarettes. Also, the chances of
However, it sort of sounds like you don’t have experience in A. running a business B. operating a bar or restaurant and C. maybe too young to appreciate ‘upscale’ and how to deliver it (sorry but when I was just out of college – I certainly didn’t). Running a business is HARD, operating a bar is even HARDER (I use to bartend/manage a basic bar and a medium upscale restaurant in NYC – pure chaos even when the owners knew what they were doing). Also, restaurants are even more difficult because you’re handling food which requires more inspections and as you know, inspectors in NO are few and far between right now.
But there is hope…depending on how familiar with
As far as having experience in music – martinis – cigars …you can learn the basics and then have experienced ‘ambassadors’ or ‘specialists’ (culture consultants) in those areas visit your establishment and offer free classes/events for you and your customers – I know I would come!
Good luck with whatever path you choose to take!
---~Empowering and Inspiring the World, One Woman at a Time.
The day to day operations of your Bar Business can be overwhelming, if you don't have some type of system.
A Business System is what makes a business run in an expedient manner.
You will need to create a Bar Business Plan System that will work for your Bar Business.
A Bar Business Plan System is the way you operate your business. This system should include a plan of operation for every aspect of your Bar Business.
---Searching for the most convenient and cost efficient locations for warehousing and third party logistics services in the United States click here!
Your first place to start is craft a business plan, by doing so it will educate you and address the many unknowns you will face. You must have a business plan before you can start any business. One of the first stops I would make is www.sba.org and look at the free sample business plans they have one for your type of business also lookup the legal aspects to your new business. One particular area I would want to know is smoking regulations, almost all states have laws in place prohibiting smoking in public restaurant even The Big Easy, I’m neutral in that area but I would investigate this before designing a business that includes ‘smoking” also if it’s not a current law rest assured someone will make it an issue sooner or later. So find out what’s legal first and design your new business plan around it. Take note of all the other posts here, its all good advice. Go for it, you have a great idea.
---"Men occasionally stumble over the truth, but most of them
pick themselves up and hurry off as if nothing ever happened." -Sir Winston Churchill
Starting a bar is a big business. You require at least 400K to start off with the initial renovation cost, rental, inventory etc. It's probably not a wise thing to do if you've not been in this field before as hiring the right people, doing the necessary marketing is crucial later.
---Mr. Christopher C. Mucklow
Mr. Joshua Comer