College-$2k- $4k
You will need to take a few college courses before you even begin the process of getting a loan and opening a bar. You should first take a class on bartending. This will teach you the proper way to make drinks and all the tricks of the trade. Then you will need to take a few different business courses. You should be very knowledgeable about your business and this is the best way to get there. Once you have finished this, you can then move onto how much money it will cost to open a bar.

Structure- $80k-$120k
You will need to either find an empty building or purchase a rundown bar to start with. Either way you choose, you will need to gut the entire place and start from scratch. Have the inside and outside completely redone. The walls, floors, roof if needed, bathrooms, kitchen area and anything else that you may want.

Equipment- $40k-$60k
You can always start off with the cheaper versions, and upgrade as your business grows. Anyone starting from scratch does this. To get going you will need your basic bar equipment such as glasses, cocktail shakers, blenders, plates, sanitary items and everything else in this area. Along with that, you will need bar stools, tables, counters, bar sets and items of this nature.

First 2 months of liquor $10k-$20k
You should purchase at least two months worth of soda, liquor and beer. This is because you have no clue how well you will do in the beginning. These things all have long expiring dates, so it’s better to have more of something then telling your new costumers you have ran out.

Electronics $2k-$10k
You will need some sort of music for your bar. It can be your own karaoke center or maybe you would like a jukebox. You will need to purchase the main source of music and then you will need speakers throughout the bar. Again, you can start off cheaper and upgrade as time progresses.

Employees- $4k- $7k
You will need to have a few months of money set aside to pay your employees. Its rule to have 5-6 months of pay set aside. Just hire enough to get things going, as you can always add more people later. Having a few months money set aside for their paychecks is a smart thing to do. If you can’t pay your employees, they won’t stay and work for free, there for your business will be closed very fast.

License $11k-$15k
You will need to purchase a business license along with a liquor license for your first time. Both of these will need to be renewed each year as well. Along with that you will need to have high paying insurance.

As you can see there is a lot of time and money involved in opening a bar for the first time. So how much money does it cost to open a bar? You should have around $150k to $240k just to get you going for your first few months.

Edward Dean is an accomplished website developer and author. To learn more about How much Money does it Cost to Open a Bar visit Franchises Now for current articles and discussions.

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Baskin Robins A Proven Business Leader

There is no doubt Baskin Robins has grown from modest roots to become a worldwide industry leader. Irv Roberts started his small ice cream parlor in the 1930’s and served only traditional flavors like chocolate and vanilla. After World War II, his brother-in-law Burt Baskin joined. Today there are locations in 50 countries serving favorite flavors that now total more than 70, yogurt, sherbet, cakes, and drinks.

What Are the Total Costs Involved in Opening a Baskin Robins Franchise?

What does Baskin Robins cost to franchise, what would be your total investment? According to the official website of the store, there are 2,700 stores in the United States and more than 3,100 worldwide. There are several costs to consider:
• Your total investment would be $145,700 to $527,800.
• The initial franchise fee is $30,000.
• The royalty fee is 5.9%.

How Much Actual Cash Will I Need to Open My Own Baskin Robins?

You have seen the Baskin Robins costs to franchise. According to the company’s website, you will need a net worth of at least $300,000. You will need $100,000 liquid assets, or cash, checks, and securities that can be easily converted to meet any number of emergencies you might experience.

Are Financing Options Available?

If the cost of owning your own Baskin Robins franchise store of $145,700 to $527,800, an initial franchise fee of $30,000, scares you, there may be financing options available. The company works with a variety of approved lenders. Baskin Robins itself does not provide financing. The business may be financed through business acquisition loans, equipment loans and leases, real estate loans, construction loans, and other means.

How Do I Apply for a Franchise?

According to the official website of the business, you can apply online. If you do so, you will be contacted by a Franchising Specialist for an initial interview. You will have go through a process that includes having various documents to complete, have a credit check completed on you, have a criminal background check, and prove your assets and your citizenship.

What Kind of a Commitment Would I Be Expected to Make, if I Bought a Baskin Robins Franchise?

Company officials do not expect you to run the company all by yourself. They know you will have to hire others to help you, but you would be expected to be involved. Even if you have another job or business interest, it would be expected that you could leave any other business interest to attend to something important in your franchise.

Is it Right for You?

Owning a Baskin Robins franchise can be profitable. You will have to consider all the facts to decide such a business is right for you.

Edward Dean is an accomplished website developer and author. To learn more about How Much Does Baskin Robins Cost to Franchise visit Franchises Now for current articles and discussions.

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Selling Franchises Begins With Quality!
Before you can expect anyone to buy into a franchise of your operation, you must make sure that your business offers the highest quality product or service possible. Entrepreneurs will want to buy your franchise for one reason - to make money. They will be looking for a quality product or service to offer.

You will also need quality personnel and a quality place of business. There is every chance that the entrepreneur interested in your franchise will first come to you as a customer. If he receives quality products and services and your place of business is always neat and clean, he will have a favorable impression of your franchise operation.

Finding Your Market!
Your next step after making sure you have a quality operation to offer is to sell franchises. First, you’ll need to determine a price for your franchise. Your price should cover all of your costs in providing the franchise, as well as a profit. You must also determine the royalty amount you will earn from the sales each franchise makes. Typically, royalties run between five and ten percent of gross sales, but each franchise is different.

The next thing you need to do in order to sell franchises is determine your market. A good place to start is with employees who are already familiar with your business. Does your business have a manager or other senior employee who might be interested in owning a business? Some of your senior staff might make their wishes known to you at the time you tell them of your plan to sell franchises. If they haven’t, approach them with the idea. Let them know why you think they’d be a prime candidate for business ownership.

You will also want to advertise your franchising opportunity. There are several publications and websites that will allow you to reach entrepreneurs seeking franchises. You can find them easily by doing an online search. One that offers free information on all types of franchises is pay me franchises dot com.

Putting Together Your Plan And Selling Franchises!
You will need to work with investors, lawyers and bankers in order to put together a plan for selling franchises of your business. As a business person, you may already have a relationship with a banker and a lawyer. Approach these people first and let them know of your plan to franchise your business. They can prove very helpful to you and keep you from making costly mistakes.

You will also need to have many systems in place for making your franchises run smoothly. These systems include the daily operation of each franchise and the training and advancement of employees. These systems will be a part of your franchise plan and will need to be accessible to all franchisees so they will know how to operate the business. Selling franchises won’t be easy, but with a plan it can be profitable. And remember, the best kept secret of the 21st century is franchising.

JD Files is an accomplished website developer and author. To learn more about How To Sell Franchises Of Your Business visit Franchises Now for current articles and discussions.

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