You can earn well when you open a mobile bartending service. It is a service that is clearly in demand all over, and the number of contracts you can land is only dependent on the type of service you offer. However, there are other challenges that you need to manage when doing this kind of business.
Space and Storage Required
Equipment that you will need for your operations must be stored, and you will also need access to it frequently. So, you might need to have a certain amount of space leased out to you for managing your supplies. There will be mobile bars and tables, glassware, table covers and napkins, and equipment for making cocktails. Apart from these items, you also have to deal with transportation, insurance, and marketing mechanisms. In addition to this, you will have ongoing expenses such a payroll taxes, and rent (if you rent a building or some suitable space), utility costs.
Events that will ask for Your Bartending Service
When you start, you will probably look to sell your service to whoever is willing to pay you, which is a great idea. However, you can be pretty sure that you will get in touch with people who want to have private or public events that serve alcoholic beverages. As long as you have a fair and competitive price tag, you will have customers who require your bartending services for occasions like birthdays, weddings, fundraising, graduations, and much more.
Clients and Profit Margins
It’s like that some customers may only ask for your bartenders. There may be others who demand your full mobile bartending service, which will be great for you. Customers that ask for the entire service are always the best ones, who tend to grow into long term clients. With more clients, your profit margin will automatically increase. If you do some research and make a rough estimate, you will see that a mobile bartending business can start with an annual profit margin of anywhere between $20,000 and$40,000. Three years into your business, and you can end up with an annual profit of $75,000 or higher.
Other Marketing Tactics to Boost Your Business Further
Consider some of the below strategies for maximizing your profits:
Try to focus on attracting large clients who host frequent events of large-scale events.
Attract more attention online with your blog that can offer mixology knowledge.
Add more value to your business by including snacks or food.
There are many more ideas that you could come up with to boost your marketing. Sometimes doing things a little differently can attract a significant number of new customers.
