Sports Bar & Grill Franchising Fees
Find all the initial information necessary to buy a bar franchise with Hotshots Sports Bar & Grill.
How much does it cost to open a sports bar?
The cost to open a sports bar is between $969,000 – $2,156,000 depending on the size and scale of the operation. Find here a breakdown of the costs to help you start your own bar.
Also, find here a detailed guide on how much does it cost to open a bar and other essential questions.
| Expense / Fee | Lows | Highs |
|---|---|---|
| Initial Franchise Fee | $50,000 | $50,000 |
| Lease Deposit and Rent | $10,000 | $60,000 |
| Leasehold Improvements | $500,000 | $1,400,000 |
| Signage | $7,000 | $15,000 |
| Furniture and Fixtures | $30,000 | $55,000 |
| Kitchen/Bar Equipment | $100,000 | $180,000 |
| Audio Visual Equipment | $65,000 | $125,000 |
| Small wares | $12,000 | $25,000 |
| Office Equipment | $26,000 | $35,000 |
| Licenses, Dues, Deposits, etc | $3,000 | $5,000 |
| Professional Fees | $10,000 | $20,000 |
| Insurance | $10,000 | $20,000 |
| Travel and Expenses while Training | $22,000 | $35,000 |
| Initial Inventory | $47,000 | $65,000 |
| Grand Opening | $10,000 | $30,000 |
| Additional Funds – 3 Months | $50,000 | $50,000 |
| Total | $969,000 | $2,156,000 |
Summary of how much to open a sports bar:
Opening a Hotshots Sports Bar & Grill franchise costs between $969,000 – $2,156,000, averaging around $1,562,500. Key expenses include a fixed Initial Franchise Fee of $50,000, Leasehold Improvements ranging from $500,000 to $1,400,000, and Kitchen/Bar Equipment costs between $100,000 and $180,000.
Additional significant expenses cover Furniture and Fixtures, Audio Visual Equipment, and Initial Inventory. The total investment covers everything from lease deposits to grand opening costs, ensuring a fully operational sports bar. This range allows for flexibility in scale and quality, catering to different investor capacities.
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Hotshots bar franchise opening qualifications:
Opening a Hotshots Sports Bar & Grill requires no previous experience. Above all, we’re looking for ambitious, energetic, and passionate people who share our goals and values. Additionally, an ideal candidate would display excellent customer service and be passionate about their employee relations and continued team building. Having some marketing and business skills is also a bonus.
But whatever you are lacking, we can teach you!!
Key Profitability Drivers
Understanding the total bar investment is only the first step; maximizing profitability is where the Hotshots model truly shines. Our success is built on a streamlined operational strategy focused on three core drivers that directly influence your bottom line: Average Ticket Value, Operational Efficiency, and Local Market Dominance. We continuously work with franchisees to implement effective upselling strategies (like premium liquor or appetizer combos) to boost the Average Ticket Value. Furthermore, our proprietary inventory and labor management systems are designed to minimize waste and optimize staffing levels, driving superior Operational Efficiency. Finally, we provide targeted, hyper-local marketing playbooks that help you achieve Local Market Dominance, ensuring your Hotshots location is the first choice for game day. We leverage data-driven insights, ensuring that every dollar invested in your business is aimed at generating maximum return, a strategy consistently proving effective across the industry. More
The ROI Advantage
Investing in a Hotshots Sports Bar & Grill franchise means investing in a proven return on investment (ROI) model. While initial bar investment costs are significant, our advantage lies in the rapid ramp-up potential and consistent revenue streams associated with the sports bar and entertainment sector. The high demand for a premier destination for televised sports, combined with a diverse, high-margin menu featuring food, draft beer, and cocktails, positions our franchisees for accelerated growth. We provide comprehensive guidance, from site selection that promises high foot traffic to training that ensures staff excellence, all designed to reduce your learning curve and speed up your path to profitability. Our system is built to minimize common start-up pitfalls, allowing you to focus purely on execution and delivering the superior guest experience that drives repeat business, ultimately maximizing your long-term wealth creation. More
Invest in a Sports Bar & Grill franchise no experience required, we’ve got you covered
Our franchise team will provide financial support, including guidance on franchising fees and the capital needed to open a bar. Our proven track record of success means you can expect a significant return on investment. We provide comprehensive training and ongoing support covering all aspects of the business, helping you succeed in customer service, sports bar equipment, team building, and marketing. Contact us today to learn more.
