Hello everyone. Im looking into opening a restobat business. iv'e done a few research and have friends that own businesses in the phillipines. They advice me that the restobar is a good venture but only succesful in business district areas with lots of foot traffic. they said that the happy hour trend has caught on with the filipinos for a couple of years now. well i was thinking of opening just a small but not that small of a restaurant/bar. its not going to be a full dine in restaurant but more like a happy hour bar with light food service. like
margarita mondays
taco tuesdays
pizza wednesdays
taco thursdays
boiling crab/crawfish/shrimp
1 pool table
1 jukebox
and monopoly and chest tournaments with drink ticket prices for happy hour drink specials.
how much overhead am i looking at? anyone whos in the hospitality or retsaurant business?