Independent Operators + Property Managers + Investment Groups
Over 250 Strategy Plans / 1,000’s of Consulting Hours / 500+ Free Resources
HOW WE CAN HELP
Similar to our restaurant package, but the difference here is that we also provide you with a dedicated bar expert who will immediately increase your profits by not only designing your bar but developing your beverage program, including one-of-a-kind cocktail, beer, wine, and zero-proof menus not seen anywhere else!
PHASE ONE - STRATEGY PLANS
Did you know the average bar makes just 6-10% profit? That’s simply not good enough. To develop a financially sustainable bar, nightlife, and entertainment business business model you need to reach profit margins of 15-20-25% or more! How?
At KRG Hospitality, we provide a strategic planning package that takes approximately 8 weeks to complete. What starts with an in-depth discovery session finishes with a customized suite of strategy plans that we like to refer to as the non-negotiables.
We start by qualifing your concept before committing to a location. Our studies have saved clients hundreds of thousands of dollars. This study provides detailed market research, neighborhood and real estate analysis, trends, and financials.
This unique plan helps balance functionality, layout, and aesthetics while delivering flexibility through the completion of a scaled prototype drawing, thereby testing the potential square footage, flow of service, beverage programs, glassware, furniture, technology, equipment, and a defined budget.
Our brand strategy plans deliver the key elements that position your brand for success: communication, emotions, and memorable connection. Our brand strategy plans develop your core values, tell your story, effectively communicate your message, and develop the visual identity that you will need to stand out.
Position your brand not only for now but for the future. A properly developed stack of technology will streamline your operations while providing high-level experiences that both your guests and staff are expecting. From POS systems and beverage inventory to reservations, VIP programs, guest feedback, and more.
What are the socio-graphic profiles of your target customers? How many exist in your market? How will you generate awareness, build your database, and generate repeat business? From social, digital, and four-walls marketing, you need a plan that will drive long-term financial results in your highly competitive market.
The action plan that delivers strategy on your overall operations, day-to-day systems, staff onboarding and training, marketing and brand activation, startup milestones, and so much more. The key document that helps you make decisions and the one all financial advisors, landlords, and investors are also seeking.
What are your detailed start-up costs? How about your potential debt and ROI plan? Revenue and cost channels? Profit and loss statements? Contingency plans? Labor optimization schedules? Hourly foot traffic reports? This detailed and customized financial package will prepare your business for success!
PHASE TWO - PROJECT SUPPORT
Upon the completion of the above strategy plans, you have the option of onboarding KRG Hospitality to provide further support for your project. This will ensure time management, budgets, and investment dollars are carefully taken into consideration during the entire process and that you hit the 500+ individual targets required to start a successful bar and nightlife business.
From site scouting with commercial realtors and onboarding architects, designers, and contractors, to finalizing permits and equipment, furniture, glassware, and supply chain vendors.
Staff structuring and organization, aligning your core values, developing programs that will attract, engage, and retain your staff, to the onboarding of your leadership and management teams.
Finalizing the F&B concepts through to recipe creation, menu testing, menu costing, to the development of on/off-premise sales and catering programs, and creation of training manuals.
From on-site consultations to ownership training, manager training, bartender and service training, spirit and glassware training, through to unique and customized workshops.
Consulting on day-to-day operations plus revenue and cost channels through to providing the standard operating procedures you need to maintain a high-level of consistency.
Working with the completed tech-stack plan, we will onboard all of the technology vendors, align training sessions, and ensure that they’re all integrating and communicating with one-another.
Coordinating with one of our industry-leading marketing partners, you will receive a dedicated consultant / agency that will help execute the marketing plan, leading to early awareness and profits.
Planning, execution, consistency, adjustments, training, and timing are of utmost importance prior to opening, and after. We will be there to help monitor your brand’s readiness.
Starting a bar, lounge, or nightclub is not easy. Lack of focus, feeling overwhelmed, stress, and indecisiveness can disrupt your startup and create many challenges long before ever opening your doors.
PHASE THREE - POST OPENING SUPPORT
Congratulations—you’re now open for business, but our support doesn’t end there. Did you know that over 70% of new bars and nightclubs fail within the first 18-24 months? With the completion of our strategic planning package plus project support and ongoing coaching / consulting, the failure rate is reduced to just 2%.
Let’s keep your brand moving in the right direction after you open your doors. The work here is not yet done. With a weekly check-in call, KRG will be there to help you review the previous week and set the tone for the week ahead by focusing on financials, marketing, culture, menu, and much more.
Once you’re open it’s easy to fall into the trap of having ‘zero life’ outside of your bar and nightlife business. With weekly scheduled calls, our certified life coach will help you achieve a healthier work/life balance, along with providing a more positive mindset that inspires your team and takes your business to a higher level.