Have questions about our Hookah products? Does that vision include a marketing plan to help get your business off the ground? Since the company is in the introductory stage it is expected to see a lot growth after opening. What is the target market? Crowed funding: It is a new concept of generating funds to start a business. As smoking is not allowed in offices, so the workers who want to drink hookah or cigars in their break time will rush towards. If you intend to go big by renting a place, then you would need a good amount of capital as you would need to ensure that your employees are well taken care of, and that your facility is conducive enough for workers to be creative and productive. Both loans will be secured through the First National Bank. Extra tips - Make sure you carry a house blend of shisha and something else for variety.
Here is a page explaining how I can help you write a business plan for and start your hookah bar or lounge. We want to blaze the trail in this business and we also want to do it rapidly. Verify Your Shipping Address: Please make sure that the shipping address you have provided is accurate and includes any applicable Apartment or Suite number. The business projects growth of 50% the first year and 25% the next two years with more sustainable growth after that period. We have a strict policy of not to share your email address with any other party. Some of the licenses you need to get include: a Zoning license to permit you to use the building as hookah bar or lounge. This is because we want to start on a big note and with proper facilities.
You can give some promotion discount on some specific flavors and foods. Every Hookah bar Business Owner should aware of the importance of a slogan for brand Image. We have assumed very conservative interest rates of 5. The industry is an open industry hence a low level of market share concentration. Normally, this includes: a low shisha price, loose smoking restrictions, informative staff, an interesting environment, and good deals. Guests need to be safe at all times.
A strong brand will help your business stand out from competitors. You probably want to avoid this either way. And tobacco taxes, whatever they might be in your state. Cowboy Hookah will maintain a healthy 65% gross margin, which combined with reasonable operating expenses, will provide enough cash to finance further growth. What is a Hookah Bar or Lounge? Cowboy Hookah will enter the market with a competitive advantage given that there are no hookah bars in Laramie. There was open space for lots of small tables with chairs and some low to the ground with pillows to sit on. As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of three years or more.
The slogan is Worth for Starting a Business and especially Hookah bar Business. Hookah Bar Business Plan — Sustainability and Expansion Strategy The future of a business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure. We will ensure that all our employees are selected from a pool of qualified and customer centric people in and around Los Angeles — California and also from any part of the United States. Cowboy Hookah will invest its profits to increase the employee satisfaction while providing stable return to its shareholders. That said, a hookah lounge with slow service is often passed up. In the future we would also like to start selling hookahs of different sizes and shapes. A few important topics to consider are your initial costs, your target market, and how long it will take you to break even.
With our help, you too can offer hookah lovers of all ages great experiences they? We even stand behind our delivery. With no competitors we will not need to worry about differentiating our service or product. Its Chill Environments to for hangout space with Smokin Variety. Consider adopting a discount plan, rewarding returning customers, or offering food and drinks. Quicklights dont last for shit, will make your place smell like shit if you light them indoors, and don't perform as well. Don't worry, we've got you covered! Definitely cater to who will be coming in. If you are going to serve liquor with the Hookah smoke, then you will also need to get a liquor license.
To become more profitable, you should create incentives. Buying Patterns The major reason for the customers to return to a hookah bar is a great products, quick service and pleasant atmosphere. The real cost of a hookah lounge comes down to the actual space, furniture, monthly rent , tvs , sound system. Market Analysis Market Trends The hookah bar industry is not a new one in the United States. Know your hookahs, know your product. Company Summary Cowboy Hookah is a new company that provides knowledge and expertise in hookah smoking along with a lounge for people to relax in a cultural environment with their friends while enjoying smoking flavored tobacco.
For instance, having colourful tapestries around the bar. This depends on local laws. It's hard to please everybody when it comes to music choices, but my biggest suggestion is to keep it at a reasonable level. Industry Analysis Tobacco consumption has shown a level growth rate in the United States over the last decade. Related: Promote Your Hookah Bar Lounge Business You must go for a grand opening with some entertaining events. You should quickly gain between one and three workers, however. Most businesses are required to collect sales tax on the goods or services they provide.
We have the goal of assembling a team of dedicated workforce who will give our customers excellent customer service at all times, a team that will ensure that we will continue to have repeated customers and a team that will indeed make us the melting pot for smokers and socialites in Los Angeles. The success of Hookah Bar Lounge Business largely depends on repeat customers. Source for Raw Materials-: You have to find a supplier for raw materials needed for the preparation of hookah smoke; hookah bowls, hoses, disposable hookah, and various flavours of the Shisha smoke. Of these hookah smokers, approximately 90% are of American origin but have grown to embrace hookah culture. For that size you have maybe about 30ish tables.