Neighborhood tiki bar

Locals looking for a fun night out, date-night couples, friend groups, and small private parties.

Drink sales are the core, with signature cocktails priced well above the cost of ingredients. Extra income can come from snacks, themed events, private bookings and branded merchandise.

• Cocktail making and menu design
• Managing staff and inventory
• Hospitality and customer service
• Marketing and social media

• A liquor license is usually required and can be slow and costly, rules and availability vary a lot by state and city
• Check liquor liability (dram shop) and general liability insurance, plus workers' compensation once you hire
• Health department permits and inspections if you serve food or garnishes
• Zoning, fire code and occupancy limits, especially for themed decor and outdoor seating
• High fixed costs such as rent and payroll, so build in a cash cushion for the first months

Startup costs are typically around $100,000 to $400,000, depending on your premises, fit-out and stock. This is an estimate. Rent and payroll are high fixed costs, so build in a cash cushion for the first months.

Monthly revenue is typically around $25,000 to $100,000, depending on your location, size, opening hours and pricing. Treat this as an estimate of revenue, not profit, since rent and payroll are significant fixed costs.

A liquor license is usually required and can be slow and costly, and rules and availability vary a lot by state and city. Also check liquor liability and general liability insurance, health department permits, zoning, fire code and occupancy limits.