Bar business plan template

A bar business plan is a written document that sets out the commercial, operational and financial objectives of the company over the next 3 to 5 years.

It consists of two main parts:

• A written part that presents, in detail, your bar business, the team, your strategy, and your medium-term objectives.
• A financial forecast that highlights the expected profitability of the bar and the initial funding requirements.

The lack of business planning is one of the main reasons why more than 50% of startups fail within 5 years. If you're starting a bar, writing a business plan is a must-have in order to reduce the risk of failure of your project.

Business plans are also required by most lenders and investors in order to secure financing, therefore a business plan is also highly recommended if you're seeking a loan or equity investment for your bar.

Writing a bar business plan without The Business Plan Shop can be both error-prone and time-consuming - whether you're new to entrepreneurship or experienced:

• You'll need to research the structure of a business plan, what to include in each section, and what key elements investors and lenders expect to see
• You may encounter writer's block (especially if it's the first time you're writing a business plan for your bar)
• You'll need to create a financial forecast on a spreadsheet which requires a solid understanding of accounting and financial modelling in order to be done without error
• You'll need to spend hours formatting financial data on Excel or Google Sheets before it's ready to integrate into your business plan
• Any updates to your bar business plan or financial forecast will need to be done manually

Luckily for you, The Business Plan Shop's online platform and bar business plan template guide you through every stage of writing a business plan, so that you can spend more time managing and growing your business instead.

Our business plan editor follows a best-in-class structure for professional business plans. Each section and subsection includes examples and instructions to help you, while our business plan templates provide further inspiration if you're stuck.

Our financial forecasting software helps you create a forecast and integrate it into your business plan with ease. Anytime you update your data, your business plan automatically updates.

And with our forecasting software all the calculations are done for you, without errors.

The budget to start and run a bar will depend on the exact concept and location.

A small bar with limited a limited number of drinks on the menu and seating requires a limited investment. A bigger place with a large seated area, a variety of drinks, food and table service will require a larger upfront investment and more staff to operate.

A cocktail bar located in a suburban area with lower rent costs may require a lower initial investment, but it might need marketing efforts to attract customers due to lower foot traffic.

As an example, in our bar business plan template the total initial funding requirement amounted to €98k (c. $104k or £84k), with the founders contributing €45k (c. $48k or £39k).

In order to assess the exact budget for your bar idea, you need to do a financial forecast using a financial projection tool such as the one we offer.

The package we offer at The Business Plan Shop goes way beyond a simple blank template you need to fill. With our platform you get:

• Access to one of the best business plan software on the market
• Access to our bar business plan template which contains a complete example of a written business plan and financial forecast to start a bar
• Access to our entire business plan templates library - giving you dozens of examples to take inspiration from
• Access to our financial planning and analysis platform so that you can track the actual performance of your business against what you had planned in your business plan and re-plan easily

But you shouldn't take our word for it: try our solution for free and make your own opinion!

The free trial enables you to try the software for free during 7 days in order to verify that it meets your requirements before buying.

Some features are limited during the free trial, the main limits are:

• You can only create one business plan
• The financials of the first year are visible, but data for other years are hidden
• You can export your plan in PDF but not in Word or CSV
• No access to our business plan templates

You can create your account and start your free trial here.

Access to our template is included with all our paid subscriptions.

Please visit our pricing page to learn about this in more detail.