Financing resources for a traditional bar

Hospitality establishments can generate resources beyond gastronomy

There are many resources that a traditional bar can carry out to make the investment of its business profitable, and many of them are found not only in making a more attractive menu or in providing better personal attention, but also in making use of resources from yesterday and today.

We highlight three actions that can generate a lot of value to the customer inside or outside a hospitality establishment:

Offer a free Wi-Fi service

Unless you have a sign on the door announcing that your philosophy of life is interpersonal communication, and that the best social network is the one called “bar”, if you want not to lose customers, you need a Wi-Fi network to share with your customers .

However, we recommend that you periodically change your password to avoid misuse.

Still not convinced? He thinks that much of the success of the Starbucks chain is due to the fact that they were pioneers in offering Internet connection to their customers. Little by little others were added, but you can no longer do without this service.

Have a good terrace

Installing a terrace in your bar or restaurant is a great option to increase billing, but it also comes with some risks and increased expenses.

Some aspects that you should take into account which months of the year you are going to offer this service (since a delay in the arrival of good weather can be more counterproductive than favorable for your accounts), the costs of extra personnel that you must hire, the furniture and the permission of the pertinent administrative licenses.

This last point is especially important, since respecting the opening hours so as not to disturb the neighborhood and respecting the space allowed are two really important aspects to avoid problems and sanctions.

If you manage to properly manage your terrace, you will find in it an important source of income that even in many cases allows you to save the annual accounts.

Install recreational machines

The installation of arcade machines continues to be a very profitable option that allows having a fixed income at the end of the month for hospitality establishments. Think that arcade machines have been part of the Spanish scene for decades and for many customers, tossing a few coins is as common as ordering a coffee.

The gaming industry represents none other than the 5% of the national GDP and move 27.500 millones de euros only in the area of ​​Catalonia, for example. Given these figures, it is worth relying on independent operators, such as Jomesa Máquinas Recreativas, so that, regardless of who the manufacturer is, we can ensure that we only allocate our investment to profitable models.

We know that having a hospitality business is not an easy task, therefore, putting this type of advice into practice can help you win customers and increase your revenue share at the end of the month.