Once you have your equipment in place and you're just about ready to open your new bar, you can start working with suppliers to get your startup inventory. That means it's time to finalize your drink ...

Bars have unique point-of-sale (POS) system needs compared to retailers and other types of businesses. They need to be able to track inventory for liquor, beer and wine; manage bar tabs; and handle ...

A typical bar owner looks for a gross profit margin that falls in the low 80 percent range. Typically, a bar manager will think about his pour cost, which is the inverse of the gross profit margin.

Inventory for liquor stores is a matter of simply ensuring the remaining stock matches the invoice and sales records. However, liquor inventory for bars and restaurants is a bit more tricky, simply ...

In the book Start Your Own Bar and Club, the staff at Entrepreneur Press and writer Liane Cassavoy explain how you can launch a profitable bar or club, whether you want to start a nightclub, ...

This excerpt is part of Entrepreneur.com’s Second-Quarter Startup Kit which explores the fundamentals of starting up in a wide range of industries. In the book Start Your Own Bar and Club, the staff ...