The cost of opening a bar is at least $20,000 and goes upwards from there, according to Entrepreneur magazine. If one is thinking about opening a sports bar in the near future, it is best to analyze all aspects of the business, including revenue potential, location and the target market.
Like any business, the cost associated with opening a bar depends on how much is put into it. If opening a sports bar, consider if it is going to be a local watering hole, or the new "it" spot in town with all the latest technology. For sports-bar-specific locations, consider details such as competition in the area, licensing, decor, food service, staffing and promotions, states Entrepreneur.