How to Start a Wine Bar
Starting a wine bar is no joke. There are so many things that you need to attend to so that you can ensure success. With a business plan in place, you can go about the matters with ease.
You don’t have to be an expert with wines but having adequate knowledge about them can put you at an advantage.
There are several excellent business opportunities for those who appreciate wine. More and more people are now drinking wine instead of drinking beer and other alcoholic beverages. Before you finalize your plans in starting a wine bar, you will need to check the local laws, regulations, and restrictions to ensure that all aspects of the business will flow smoothly. Wine bars are different from other bars because it boasts of various wine bottles that patrons enjoy a lot.
To ensure the success of your wine bar, you must have adequate knowledge and solid education on wines. Your customers will definitely ask lots of questions regarding wines and you should be able to provide the right answers. If you can identify weak points, you can always enroll at wine education courses that are designed for people who want to put up wine bars and restaurants. By checking the local laws, you will know the requirements for securing liquor license. This kind of license is not only expensive but also harder to acquire. You will need to find the appropriate angle and niche. You must be able to prove to your target market that your wine bar is different from the rest in your area.
This type of business can offer you freedom, friendship, and fun. You will be in charge of your business and at the same time, you can maintain a creative and exciting career. As the business owner, it’s up to you to decide on the wine bar’s name, decorations, and special promotions. You will be dealing with upscale clientele so you need to be knowledgeable. Don’t forget to create a business plan first because this will serve as your guide or road map to achieving your goals. You also have three options when starting a wine bar – start your own wine bar, buy franchise, or purchase an existing wine bar.
Other concerns will include aspects on financing, securing the needed licenses, forming a company or sole proprietorship, securing business insurance, tax info on wines, the size of the bar, the design, supplies and equipment, stocking and wholesaling, POS systems, and other related info. Having an effective system in place can put you at a great advantage. What wines are you planning to serve? How are you going to handle pricing? How will you accept payments? You need to answer these questions. Then you also need to hire bar employees, promote or advertise the wine bar, plan special events, etc. These are the things that you need to attend to when starting a wine bar.