A small bar can make money. With a solid marketing strategy, operating costs are lower in a smaller space. Profits for smaller bars average around $900.
The average monthly bar revenue is $27,500. Average monthly expenses are $24,200. That leaves about $39,600 annual net profit. Bar owners make an average annual salary of $74,791.
- Focus on customer experience with personalized service, events or live music, and signature drinks.
- Partner with local businesses to reach new customers.
- Consider your target audience and local competition when setting prices.
With creativity and careful planning, a small bar can be a profitable and rewarding business.