Sports Bar Business Plan Executive Summary

Sports Bar Business Plan Executive Summary

Introduction

The sports bar industry is a rapidly growing segment of the restaurant business, with an estimated market size of over $20 billion in the United States alone. This growth is being driven by the increasing popularity of sports, the rise of social media, and the growing demand for casual dining options.

Concept

Our sports bar will be a casual dining establishment that offers a wide variety of food and beverage options, as well as live sports coverage on multiple televisions. We will target a broad demographic of customers, including sports fans, families, and groups of friends.

Market Analysis

Our target market is located within a 5-mile radius of our location. This area has a population of over 100,000 people, with a median household income of over $75,000. There are several other sports bars in the area, but none that offer the same combination of food, beverage, and entertainment options that we will.

Operations

Our sports bar will be open 7 days a week, from 11am to 2am. We will have a staff of 20 employees, including bartenders, servers, cooks, and managers. Our menu will feature a variety of appetizers, entrees, and desserts, as well as a full bar with a wide selection of beer, wine, and cocktails.

Financial Projections

We project that our sports bar will generate $2 million in revenue in its first year of operation. Our net income is projected to be $500,000. We believe that these projections are conservative, and we are confident that we can exceed them.

Conclusion

We believe that our sports bar has the potential to be a successful business. We have a strong concept, a solid market analysis, and a detailed operations plan. We are confident that we can execute our plan and achieve our financial goals.