Thinking of opening a bar business, now that people are more comfortable dining out. What are some things I should be aware of?

Good to do market research and project the PATMI after COGS.

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The margin for bars and restaurants are very slim, plus the initial start-up sum will be huge.

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I do know of people who profit more from diversifying into opening multiple mini staffs with low rent then to focus all in 1 extravagant place.

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Good to think about it.

• Coffeeshop stall is better actually, if F&B. "Open to general public." if i alone i wont go into a resturant, except fast food, and u lost the uncle, auntie market.
• You must ask yourself how often u go to resturant vs coffeeshop.
• And you can save staff salary, as coffeeshop everything is self service.