![]() ![]() So, how much do bar owners make, then? It's hard to answer how much bar owners make. ![]() Investopedia suggests the average bar revenue is $27,500 per month. The next step is figuring out how fast we can get that money back. Now we know the average cost of opening a bar. Also, make a bar equipment checklist to make sure you have everything you need for an efficient bar. Remember to invest in good accounting software to keep track of these costs. Opening a bar and running it for the first year clocks in at about $710,400. The average cost of opening a bar is $420,000. ![]() Staff (to give you an idea of what to pay a bar manager, here's, on average, how much bar managers make).As little as $25,000 if its an established bar already for saleīeyond initial startup costs, opening a bar requires other recurring operating costs of about $24,200 per month, which include:.$175,000-$850,000 for a bar that purchases its location and pays a mortgage.$110,000-$550,000 for a bar that rents or leases its location.How Much Does it Cost to Open a Bar?Īccording to Investopedia, the total startup costs for opening a bar are: Here are some numbers to give you a ballpark for how much it costs to start a bar and how much owning a bar can make you. We must factor in how much it costs to open and get up and running and how much it makes. The profitability of opening and owning a bar depends on more than industry trends, though. The bar industry experienced annual growth of almost 3% from 2013 through 2018. Then let's get into the types of bar concepts you can open and what you’ll need to specifically consider for each of them. So, let’s first look at the profitability of the average bar, and the financial reality of opening one. This guide will help you estimate what it costs to open your bar, and it’ll help you start thinking about bar concept possibilities. Starting a bar can pay off big but getting from this article to everybody knowing your name takes a lot of work. Now imagine making a boatload of money doing it. Imagine walking into a place where everybody knows your name. ![]()
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