Bar Location Essay Example | Topics and Well Written Essays - 1000 words

Bar Location - Essay Example Therefore, there is a need for extra creativity because one can save more funds. When picking a site for opening up a bar, location is everything. But the factors that constitute a prime location are varying to different individuals (Blog.foodservicewarehouse.com). Most people will take a look at the current real estate market and find potential areas in one of the following ways. Speculation of a turnaround; some people choose to be prospectors and start their bars in areas that are yet to become popular. Prospectors pay less rent, but they will not have a built in customer base. They will, therefore, spend more on advertising and marketing to bring in the clients. People who start a bar in an area that is not trendy will have to wait longer to realize the bar’s potential. Sure thing; this is the route taken by the majority of bar owners. They open the bars in trendy places with the aim of making quick returns. Trendy places contain many people who are always mingling on regular intervals. Opening up a bar at such a location will attract such people and create a perfect customer base. These places are expensive in terms of rent (Mealey). The general ideas of finding the best location to open up a bar are; finding a spot that is close to offices, strip malls, residential neighborhoods or near sports venues. These areas form the most favored locations since people have already settled in these areas to take advantage of the offered services. Prospective patrons will quickly step by from their usual routines to and from these places. Corners are the most desirable places since people have the ability to view two streets instead of one. A bar situated at the edge gets more exposure than the one in the middle of the block. Corner locations are more expensive so it is important to calculate whether the added exposure will provide the best answers for your business. Situating the bar closer to freeway exits or highway exits makes it more accessible to