Post #773948 by HaleTiki on Sat, Mar 11, 2017 12:53 PM

This is ALL great stuff.

I know that the rum connections in the Midwest are definitely weaker than they are on the West coast but I'm betting on the fact that we are unique to be one of the main draws of the place. We won't be exclusively rum based either, just rum loaded. I do have ideas on ways to introduce the market to the different styles of rum and a loyalty program is definitely in the works.

As far as costs go, I've been working with SCORE advisers in the area already to make sure that I get those worked out and estimated as closely as possible. In most cases I'm over estimating on costs like rent, utilities, internet, insurance, etc and getting quotes from multiple places to see what different things will run me. I have a spreadsheet that adds up employee cost along with your standard month to month costs and then allows you to play with how many drinks you estimate you'll sell to see what the cash flow situation theoretically will look like. As for the cost of ingredients I've got most of the syrups/juices/and types of rum isolated for cost down to the ounce. That way when it comes to the drinks I can find out what my per drink cost is down to the penny.

For partners, it'll just be me and whoever wants to be a financial backer.

Aloha Ben! I don't know if you remember my emails to you about six months ago when I was first beginning the thought processes on this, but we've come a long way since then. If this ever comes to fruition, you will be one of the first three calls I make, right after Oceanic Arts and my wife.