Bar franchises generally offer bar and grill experiences for customers, and generate profits by drawing strong repeat businesses from people who enjoy eating and drinking at the bar.
Big brew business
There are different takes on the bar franchise:
- Sports bars, which feature several big screen televisions showing sporting events.
- Wine bars, which are more upscale and offer a larger selection of wines.
- Pub franchises, which replicate the experience of drinking in an Irish pub.
License to pour
Bar franchises can be a little bit more complicated than food franchises because of the regulations around liquor licenses, but they can also be rewarding because of the dual revenue streams from food and drink.
- Beer makes up 35 percent of bar revenue, followed by liquor at 30 percent, and food and non-alcoholic beverages at 20 percent.
- There are 45,000 bar locations in the U.S.
- Annual revenue for the bar industry is approximately $20 billion.