Sport Bar Business Plan

Sport Bar Business Plan-82
Earnings vary greatly, depending on the type of establishment.For example, in many full-service restaurants, tips are higher than wages.

Earnings vary greatly, depending on the type of establishment.For example, in many full-service restaurants, tips are higher than wages.

The lowest 10 percent earned less than $7.54 per hour, and the top 10 percent earned more than $11.62 per hour.

Median hourly wages for food and beverage serving and related workers in May 2010 were as follows: Some food and beverage serving workers receive customer tips.

According to the Fair Labor Standards Act, the employer may consider tips as part of wages, but the employer must pay at least $2.13 an hour in direct wages.

In 2010, about half of all food and beverage serving and related workers worked part time.

Labor costs are important factors for bar & nightclub business owners.

Here is a Bar & Nightclub Business labor market summary from the Bureau of Labor Statistics focused on Bartender Job Market Conditions.The profitability of individual companies depends on the ability to drive traffic and develop a loyal clientèle.Large companies can offer a wide variety of food, drinks, and entertainment, and have scale advantages in purchasing, financing, and marketing.In some restaurants, workers contribute all or a portion of their tips to a tip pool, which is distributed among qualifying workers.Tip pools allow workers who do not usually receive tips directly from customers, such as dining room attendants, to be part of a team and to share in the rewards for good service.Bars and nightclubs compete with other venues that offer alcoholic drinks or entertainment, including restaurants, hotels, and casinos.Drinking establishments also compete with the home consumption of alcohol.However, the growing popularity of take-out food and the growing number and variety of places that offer self-service or carryout options, including many full-service restaurants, will limit employment growth.The median hourly wage for food and beverage serving and related workers was .72 in May 2010.PRODUCTS, OPERATIONS & TECHNOLOGYMajor sources of revenue include beer (about 35 percent of sales), distilled spirits or hard liquor (30 percent), food and non-alcoholic beverages (20 percent), and wine (7 percent).Companies may specialize in certain beverages, like craft beers or martinis.

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