There are a lot of different factors as to why bars can close within months of opening. Like in any business, poor manage will be the death of your company. But aside from that, there are many other factors you must consider about this industry and understand how it can destroy your company.
Inventory is one of the most important things to stay up on. Bars are very heavily cash based. Also, you make a substantial amount of money off of liquor sales. It is very easy for employees to steal from you if your are not keeping a strict inventory. It is important you monitor how much your bartenders are pouring based off your liquor count sheets at the beginning and end of every night.
Your design and idea is another crucial aspect to the longevity of your bar. It is very important that you stay on top of your entertainment. Bars get old very quick. You must always give an edge to your place and have something that can draw customers into your place. Make sure the mood is appropriate for your concept and brand. A lot of business is relied on your overall brand.
Lastly is product. At the end of the day your product must be the overall reason why people come in. This can range all the way from the food you serve, to how the drinks are made. There is a science in both and mastering your food and drinks will guarantee customer satisfaction which will be the driving force for the steady business.
References:
http://www.nightclub-business.com/forum/showthread.php?2484-What-Percentage-of-bars-fail-in-first-year
http://www.entrepreneur.com/article/41460
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