What Factors Influence the Costs of Opening a Bar?

While the food and beverage industry is competitive (and often thought of as oversaturated), it’s not always competition that puts new bars out of business. As with many types of business, mismanagement is often a major factor. And one of the easiest areas for missteps is finances when you first open a bar.

Owners that overspend when opening a bar are at risk of failure. But under-spending can also force bars to close down.

So how do you find the balance? How much does it cost to open a bar? You should look at a few factors: