Opening a business in the food and beverages industry is a very complicated thing. There are so many things to consider and many things to sort out before you start a business. Opening a pub is also not a walk in the park. There are many things to consider before starting a pub. If you are considering to open a pub here are few important things to consider.
Do you have knowledge of running a pub?
Doing any type of a business requires a certain amount of knowledge and experience. Without it the business is going to fail. Most of us think we can start the business and then learn how to do it eventually. But the problem here is that you need to run the business properly to earn money and make profit. When running a pub there are many things to learn. First is to do a business plan. You need to decide what type of a bar and pub you want to run. A vintage style or a modern rooftop bar. Whatever you decide, you need to know the basic concepts of running a pub. The types of alcohol, the amounts, how to mix them etc. Although you can get a bartender you need to have the knowledge as well.
Do you have enough money to start a pub?
This is the million dollar question when starting any business. Starting a bar is more expensive than starting any other food and beverage business. Mostly because you need to get liquor license, you need to keep a stock of alcohol and the venue. You cannot start a pub just anywhere. You cannot do a home based pub. You need to select a suitable venue where it will be profitable. A rooftop bar in Singapore of a night club or a business area would cost money and it will not be easy to maintain as well. Or if you get a space near a busy office area so that people can come after work it will be expensive too. You need to research the venues and the rent for the venues and then start thinking of how to raise funds to achieve that.
Do you have the license to run a pub?
When you are thinking of starting a pub and bar. You need to get the liquor license. This will take a while because the authorities have to check out the area that you intend to open the pub and if the pub will disturb the neighbors. You are not allowed to open pubs in residential areas as it may be very disturbing during the night.