Is opening a bar in this economy a bad idea? - GoFuckYourself.com

sortie · 01-17-2009, 06:40 PM

I know it would be better to try when things are good but with the money that
some bars make I would be glad to make just half their regular income.

Ethersync · 01-17-2009, 06:42 PM

How is it being financed?

F-U-Jimmy · 01-17-2009, 06:42 PM

Quote:

Originally Posted by sortie

I know it would be better to try when things are good but with the money that
some bars make I would be glad to make just half their regular income.

Depends on where its located and how much it costs but i would think opening a bar or a funeral service would be good business with the state of the economy as it is

Quotealex · 01-17-2009, 06:43 PM

Isn't a bar recession proof!

sortie · 01-17-2009, 06:44 PM

Quote:

Originally Posted by Ethersync

How is it being financed?

That is totally flexible.

sortie · 01-17-2009, 06:45 PM

Quote:

Originally Posted by F-U-Jimmy

Depends on where its located and how much it costs but i would think opening a bar or a funeral service would be good business with the state of the economy as it is

I'd think a funeral service would be more expensive than a small bar though.

sortie · 01-17-2009, 06:46 PM

Quote:

Originally Posted by Quotealex

Isn't a bar recession proof!

I've seen plenty close in my life and worked for a couple that folded so I don't know.

Lester Burnham · 01-17-2009, 06:48 PM

Don't open a bar unless you can lose all the money invested without giving a crap. Huge failure rate for bars. You may hit it big, but the odds are that it will be a money pit. If you have the funds and don't give a shit about losing the money, have some fun (and don't forget the VIP room)!

Va2k · 01-17-2009, 06:48 PM

Too bad we don't have Euthanasia for humans, I would sure vote for you!

Ethersync · 01-17-2009, 06:48 PM

Quote:

Originally Posted by sortie

That is totally flexible.

Well, if you are paying with your cash I would think twice. Then it really depends on your personal wealth. Do you have enough in cash to pay for at least 12 months of living expenses after spending the money it will take to open the bar?

If you are very cash rich right now or have investors willing to fund it then it's something to consider I guess...

LatinCams · 01-17-2009, 06:50 PM

farmacy would be also good

Everybody is sick at this days

Si · 01-17-2009, 06:51 PM

open it, there will be loads of out of work people drowning there sorrows for you to make a fucking killing!

sortie · 01-17-2009, 06:52 PM

Quote:

Originally Posted by Lester Burnham

Don't open a bar unless you can lose all the money invested without giving a crap. Huge failure rate for bars. You may hit it big, but the odds are that it will be a money pit. If you have the funds and don't give a shit about losing the money, have some fun (and don't forget the VIP room)!

Yeah, that's the only way to really open one for sure.
The amount of money I would personally put in is not that much; there will be
other money that I know I can get.

sortie · 01-17-2009, 06:55 PM

Quote:

Originally Posted by Ethersync

Well, if you are paying with your cash I would think twice. Then it really depends on your personal wealth. Do you have enough in cash to pay for at least 12 months of living expenses after spending the money it will take to open the bar?

If you are very cash rich right now or have investors willing to fund it then it's something to consider I guess...

My cash exposer would be limited; but I still don't want to lose money either.

The big money would come from sources I know.

sortie · 01-17-2009, 06:56 PM

Quote:

Originally Posted by LatinCams

farmacy would be also good

Everybody is sick at this days

Herbal pharmacy market is kind of flooded in this area though.

Quotealex · 01-17-2009, 06:57 PM

Quote:

Originally Posted by sortie

I've seen plenty close in my life and worked for a couple that folded so I don't know.

I don't think bars failure rate has anything to do with the state of the economy!

Ethersync · 01-17-2009, 07:00 PM

Quote:

Originally Posted by sortie

My cash exposer would be limited; but I still don't want to lose money either.

The big money would come from sources I know.

I have invested in bars before and it is hit or miss. There are better places to put money I think.....

sortie · 01-17-2009, 07:06 PM

Quote:

Originally Posted by Ethersync

I have invested in bars before and it is hit or miss. There are better places to put money I think.....

What type of bar did you try?

I would never try a disco(club); those fail faster than anything.

xsabn · 01-17-2009, 07:10 PM

I plan to open a bar too.. I had the same question as you.

Opening a nice bar can cost me up to 100 000 euros here. But since adult industry is under recesion (like many other industries), makes me seriosly consider this.

The hard part is the management. If you can't afford time, then you should forget about.
There is a lot of stuff do do in a bar to make it work well.

Nismo · 01-17-2009, 07:11 PM

If you have to ask, then the business would fail whether the economy was good or bad.

sortie · 01-17-2009, 07:19 PM

Quote:

Originally Posted by Nismo

If you have to ask, then the business would fail whether the economy was good or bad.

Thanks for the rhetoric, but I was looking for opinions, not quotes you could pull out your ass.

sortie · 01-17-2009, 07:26 PM

Quote:

Originally Posted by xsabn

I plan to open a bar too.. I had the same question as you.

Opening a nice bar can cost me up to 100 000 euros here. But since adult industry is under recesion (like many other industries), makes me seriosly consider this.

The hard part is the management. If you can't afford time, then you should forget about.
There is a lot of stuff do do in a bar to make it work well.

True, I've done 2 start up bars as a key employee.
One did good, the other faught with me on every issue and died in a few months.

It was seeing the other one fail that makes me think I might be good at this because
I called it as it happened. I finally quit and they were begging for me to come back
but the damage they had done was too deep already.
There was no point in jumping back on a sinking ship.

Ethersync · 01-17-2009, 07:27 PM

Quote:

Originally Posted by sortie

What type of bar did you try?

I would never try a disco(club); those fail faster than anything.

Sports bar in the US failed completely.

Class cocktail bar in Europe did ok, but I was one of many investors and it took years to get a return.

Spunky · 01-17-2009, 07:29 PM

All about location.are you thinking a pub or a night club?

sortie · 01-17-2009, 07:34 PM

Pub, with some basic food.

sortie · 01-17-2009, 07:36 PM

Quote:

Originally Posted by Ethersync

Sports bar in the US failed completely.

Class cocktail bar in Europe did ok, but I was one of many investors and it took years to get a return.

Sports bars can get kind of clickish so that wasn't really that easy to do.

Varius · 01-17-2009, 07:37 PM

If you're looking at a night club/disco I'd say forget it; it's too competitive, too many non-loyal patrons who jump from hot spot to hot spot, etc...

If you are looking at a pub/dive bar/sports bar and grill I'd say it's a very solid investment. Generally, you build up a very nice loyal client base and as long as you offer quality food, quality beer and fair prices, you should be in business for a long time. A hot waitress or two will never hurt either, but service > looks for that kind of place so make sure she has both

Ethersync · 01-17-2009, 07:38 PM

Quote:

Originally Posted by Spunky

All about location.are you thinking a pub or a night club?

Yes, location and management.

sortie · 01-17-2009, 07:51 PM

Quote:

Originally Posted by Varius

If you're looking at a night club/disco I'd say forget it; it's too competitive, too many non-loyal patrons who jump from hot spot to hot spot, etc...

If you are looking at a pub/dive bar/sports bar and grill I'd say it's a very solid investment. Generally, you build up a very nice loyal client base and as long as you offer quality food, quality beer and fair prices, you should be in business for a long time. A hot waitress or two will never hurt either, but service > looks for that kind of place so make sure she has both

Yeah, a big hell no on the big night club thing. No way I'm even trying that.

tony286 · 01-17-2009, 07:54 PM

Coach was opened during the depression so was HP.

BV · 01-17-2009, 08:04 PM

Sort of related but I was in the liquor store the other day and was sort of amazed at how busy they were.

So when i was checking out I commented to the owner how it appeared he had good business with the bad economy.

He told me business has stayed the same as far as people buying, the only difference was that instead of buying Grey Goose they were buying Smirnoff.

Same amount of people buying just their buying the cheaper stuff.

EscortBiz · 01-17-2009, 08:07 PM

most fail regardless of when you open, anything retail = 95% chance of disaster

sortie · 01-17-2009, 08:09 PM

Quote:

Originally Posted by BV

Sort of related but I was in the liquor store the other day and was sort of amazed at how busy they were.

So when i was checking out I commented to the owner how it appeared he had good business with the bad economy.

He told me business has stayed the same as far as people buying, the only difference was that instead of buying Grey Goose they were buying Smirnoff.

Same amount of people buying just their buying the cheaper stuff.

That's totally related because people go to the liquor store instead of the bar
when money is short.

So if business is the same for the liquor store then maybe the bar is still doing ok.

psili · 01-17-2009, 08:10 PM

Location, location, location.

Where do you want to open it and who would be the clients you market to?
I've frequented various types of bars and have wasted WAY too much money at each. However, each bar I wasted money at was because someone else introduced me to it, I got comfortable and was a repeat customer.

Various threw it down nicely - if you have a club culture, you're fucked on return business as young'uns are a sketchy crew. On the flip side, if you live where there is NO bar for locals, you could probably make a mint off a garage with attached restroom; pending ou don't live in a town with population of 5. So many details.

Fuck. I dunno.
Lemme know where it's at and I'll visit if I'm driving that way for some reason.

MandyBlake · 01-17-2009, 08:18 PM

people get depressed and want to drown their sorrows in a beer.

xsabn · 01-17-2009, 08:32 PM

Quote:

Originally Posted by MandyBlake

people get depressed and want to drown their sorrows in a beer.

haha - pretty true

sortie · 01-17-2009, 08:44 PM

Quote:

Originally Posted by MandyBlake

people get depressed and want to drown their sorrows in a beer.

I want to drown my sorrows in your breats.

BV · 01-17-2009, 08:44 PM

Quote:

Originally Posted by sortie

That's totally related because people go to the liquor store instead of the bar
when money is short.

So if business is the same for the liquor store then maybe the bar is still doing ok.

well the bar i was in the other night seemed to be doing well
also resteraunts seem to be doing well

i wonder how well the bar would do if someone opened up a bar next door to them and started giving away all the booze you could drink for free?

but

If they wanted premium booze like Grey Goose or Crown they would have to go next door.

sortie · 01-17-2009, 08:56 PM

Quote:

Originally Posted by BV

well the bar i was in the other night seemed to be doing well
also resteraunts seem to be doing well

i wonder how well the bar would do if someone opened up a bar next door to them and started giving away all the booze you could drink for free?

but

If they wanted premium booze like Grey Goose or Crown they would have to go next door.

Based on the bar havens I've been too, the premium bar would do well.
The line at the free bar is way too long and the crowd is made of too many wierdos
looking for free drinks so people who were headng to the free bar end up drinking
in a better atmosphere next door.

Twistys Tim · 01-17-2009, 09:00 PM

Quote:

Originally Posted by sortie

I know it would be better to try when things are good but with the money that
some bars make I would be glad to make just half their regular income.

The odds are stacked against the success of a bar opening and succeeding even in a good economy.

Sly · 01-17-2009, 09:03 PM

Quote:

Originally Posted by BV

Sort of related but I was in the liquor store the other day and was sort of amazed at how busy they were.

So when i was checking out I commented to the owner how it appeared he had good business with the bad economy.

He told me business has stayed the same as far as people buying, the only difference was that instead of buying Grey Goose they were buying Smirnoff.

Same amount of people buying just their buying the cheaper stuff.

I wonder what the difference in profit margin is between Grey Goose and Smirnoff.

Monique Niccole · 01-17-2009, 09:05 PM

Don't alcohol sales usually thrive during a recession?

I also hear bars are a good way to wash your money.

MandyBlake · 01-17-2009, 09:06 PM

Quote:

Originally Posted by sortie

I want to drown my sorrows in your breats.

come on over. lol

sortie · 01-17-2009, 09:06 PM

Quote:

Originally Posted by Sly

I wonder what the difference in profit margin is between Grey Goose and Smirnoff.

I wouldn't be surprised if the profit were higher for Smirnoff.

Sly · 01-17-2009, 09:15 PM

I don't know. I always hear about dive bars doing quite well because they have fantastic loyalty. You always hear of the bartender making great money. Lots of cash. The dive bars you hear about that don't make money you look at and see all sorts of "obvious" reasons why the customers aren't there. Dirty bathrooms, lack of entertainment, no community feeling, etc.

I've known a couple successful bars and the owners/managers of each were very charismatic, very hands-on, and the loyal clientele absolutely loved them. If I were to ever start or buy a bar I know the perfect guy to run it... he has had great success with running bars, he is just an idiot with money.

sortie · 01-17-2009, 09:22 PM

Quote:

Originally Posted by Sly

I don't know. I always hear about dive bars doing quite well because they have fantastic loyalty. You always hear of the bartender making great money. Lots of cash. The dive bars you hear about that don't make money you look at and see all sorts of "obvious" reasons why the customers aren't there. Dirty bathrooms, lack of entertainment, no community feeling, etc.

I've known a couple successful bars and the owners/managers of each were very charismatic, very hands-on, and the loyal clientele absolutely loved them. If I were to ever start or buy a bar I know the perfect guy to run it... he has had great success with running bars, he is just an idiot with money.

I hear ya, for a small bar the people working there are the key.
A good bartender will bring in people from his/her former gig also.

sortie · 01-17-2009, 09:23 PM

Quote:

Originally Posted by MandyBlake

come on over. lol

Hey, one day I will take you up on that offer.

YeeeeeeeeeeeHaaaaaaaaaaaaaaaaaaaaaaaa!!!

BV · 01-17-2009, 10:16 PM

Quote:

Originally Posted by Sly

I wonder what the difference in profit margin is between Grey Goose and Smirnoff.

I would asume it's the same for both. (or close)

Say it's 10%

10% of a 2 dollar shot is 20 cents
10% of a 6 dollar shot is 60 cents

BV · 01-17-2009, 10:18 PM

Quote:

Originally Posted by sortie

Based on the bar havens I've been too, the premium bar would do well.
The line at the free bar is way too long and the crowd is made of too many wierdos
looking for free drinks so people who were headng to the free bar end up drinking
in a better atmosphere next door.

You have free liquor bars where you live?

selena · 01-17-2009, 10:26 PM

Plan on being very hands on in running it, if you want to make anything. Bartended in one off and on for years, and the owner of more than 30 years is one of my best rt friends.

He still works some every day that it is open.

Not only will you need to keep an eye on help that will steal you blind, you can't overlook the cost of liability insurance.

One drink served to the wrong person who goes out and kills someone else can wipe you out.

01-17-2009, 06:40 PM	#1
sortie Confirmed User Industry Role: Join Date: Mar 2007 Posts: 7,771	Is opening a bar in this economy a bad idea? I know it would be better to try when things are good but with the money that some bars make I would be glad to make just half their regular income. __________________

01-17-2009, 06:48 PM	#9
Va2k I’m still alive barley. Industry Role: Join Date: Oct 2001 Location: Va Posts: 10,060	Too bad we don't have Euthanasia for humans, I would sure vote for you! __________________

01-17-2009, 06:50 PM	#11
LatinCams Confirmed User Join Date: Aug 2008 Location: Hot Horny Colombia Posts: 1,614	farmacy would be also good Everybody is sick at this days __________________ We are looking for CAM Sites where our Colombian Models can work. Grupo Bedoya - www.GRUPO-BEDOYA.com Please let us know about your Business Skype - richard.grupobedoya

01-17-2009, 07:11 PM	#20
Nismo Confirmed User Join Date: May 2002 Location: FLORIDA Posts: 4,977	If you have to ask, then the business would fail whether the economy was good or bad. __________________ i buy massive xxx dating traffic.

01-17-2009, 07:29 PM	#24
Spunky I need a beer Industry Role: Join Date: Jun 2002 Location: ♠ Toiletville ♠ Posts: 133,919	All about location.are you thinking a pub or a night club? __________________ *Skype : Spunky GFY*

01-17-2009, 06:42 PM	#2
Ethersync Confirmed User Join Date: Mar 2008 Location: London, Saint-Tropez, Bermuda, Moscow Posts: 5,289	How is it being financed?

01-17-2009, 06:43 PM	#4
Quotealex Confirmed User Join Date: Sep 2001 Location: The Global Digerati Village Posts: 6,265	Isn't a bar recession proof!

01-17-2009, 06:48 PM	#8
Lester Burnham Confirmed User Join Date: Aug 2006 Location: You can take me out the ghetto, but not the ghetto out of me Posts: 540	Don't open a bar unless you can lose all the money invested without giving a crap. Huge failure rate for bars. You may hit it big, but the odds are that it will be a money pit. If you have the funds and don't give a shit about losing the money, have some fun (and don't forget the VIP room)!

01-17-2009, 06:51 PM	#12
Si Such Fun! Industry Role: Join Date: Feb 2008 Posts: 13,900	open it, there will be loads of out of work people drowning there sorrows for you to make a fucking killing!

01-17-2009, 07:10 PM	#19
xsabn Confirmed User Industry Role: Join Date: Feb 2007 Location: 203-069-778 Posts: 2,815	I plan to open a bar too.. I had the same question as you. Opening a nice bar can cost me up to 100 000 euros here. But since adult industry is under recesion (like many other industries), makes me seriosly consider this. The hard part is the management. If you can't afford time, then you should forget about. There is a lot of stuff do do in a bar to make it work well.

01-17-2009, 07:34 PM	#25
sortie Confirmed User Industry Role: Join Date: Mar 2007 Posts: 7,771	Pub, with some basic food. __________________

01-17-2009, 07:37 PM	#27
Varius Confirmed User Industry Role: Join Date: Jun 2004 Location: New York, NY Posts: 6,890	If you're looking at a night club/disco I'd say forget it; it's too competitive, too many non-loyal patrons who jump from hot spot to hot spot, etc... If you are looking at a pub/dive bar/sports bar and grill I'd say it's a very solid investment. Generally, you build up a very nice loyal client base and as long as you offer quality food, quality beer and fair prices, you should be in business for a long time. A hot waitress or two will never hurt either, but service > looks for that kind of place so make sure she has both __________________ Skype variuscr - Email varius AT gmail

01-17-2009, 07:54 PM	#30
tony286 lurker Industry Role: Join Date: Aug 2002 Location: atlanta Posts: 57,021	Coach was opened during the depression so was HP.

01-17-2009, 08:04 PM	#31
BV wtf Industry Role: Join Date: Sep 2001 Location: Bikini State, FL USA Posts: 10,914	Sort of related but I was in the liquor store the other day and was sort of amazed at how busy they were. So when i was checking out I commented to the owner how it appeared he had good business with the bad economy. He told me business has stayed the same as far as people buying, the only difference was that instead of buying Grey Goose they were buying Smirnoff. Same amount of people buying just their buying the cheaper stuff.

01-17-2009, 08:07 PM	#32
EscortBiz Fuck Checks, CASH only! Join Date: May 2002 Location: New York City Posts: 19,422	most fail regardless of when you open, anything retail = 95% chance of disaster __________________ Spanking, Medical Fetish, Sleeping, Strap-on Anal Lesbians, Girls Fucking Guys, Handjob site REAL HOT, Shemales, Anal and Ass Licking sites 100% Real EXCLUSIVE with amazing retention, ccbill payouts, lots of content FREE FTP HOSTING Promote the largest and oldest member paid escort site, Converts 10 times better then any dating site, CCBill payouts ICQ# 158802076

01-17-2009, 08:10 PM	#34
psili Confirmed User Join Date: Apr 2003 Location: Loveland, CO Posts: 5,526	Location, location, location. Where do you want to open it and who would be the clients you market to? I've frequented various types of bars and have wasted WAY too much money at each. However, each bar I wasted money at was because someone else introduced me to it, I got comfortable and was a repeat customer. Various threw it down nicely - if you have a club culture, you're fucked on return business as young'uns are a sketchy crew. On the flip side, if you live where there is NO bar for locals, you could probably make a mint off a garage with attached restroom; pending ou don't live in a town with population of 5. So many details. Fuck. I dunno. Lemme know where it's at and I'll visit if I'm driving that way for some reason. __________________ Your post count means nothing.

01-17-2009, 08:18 PM	#35
MandyBlake The one and only! Industry Role: Join Date: Nov 2002 Location: Atlanta, GA Posts: 17,761	people get depressed and want to drown their sorrows in a beer. __________________ Mandy's Playhouse Her First Fat Girl If you're interested in promoting my sites, ICQ me! 178411921

01-17-2009, 09:05 PM	#42
Monique Niccole Confirmed User Industry Role: Join Date: Nov 2002 Location: San Francisco Posts: 5,653	Don't alcohol sales usually thrive during a recession? I also hear bars are a good way to wash your money.

01-17-2009, 09:15 PM	#45
Sly Let's do some business! Industry Role: Join Date: Sep 2004 Location: Austin, TX Posts: 31,289	I don't know. I always hear about dive bars doing quite well because they have fantastic loyalty. You always hear of the bartender making great money. Lots of cash. The dive bars you hear about that don't make money you look at and see all sorts of "obvious" reasons why the customers aren't there. Dirty bathrooms, lack of entertainment, no community feeling, etc. I've known a couple successful bars and the owners/managers of each were very charismatic, very hands-on, and the loyal clientele absolutely loved them. If I were to ever start or buy a bar I know the perfect guy to run it... he has had great success with running bars, he is just an idiot with money. __________________ Vacares - Web Hosting, Domains, O365, Security & More - Paxum and BTC Accepted Wanted: CCBill pay sites for sale

01-17-2009, 10:26 PM	#50
selena Confirmed User Join Date: Aug 2004 Location: On The Edge Posts: 7,992	Plan on being very hands on in running it, if you want to make anything. Bartended in one off and on for years, and the owner of more than 30 years is one of my best rt friends. He still works some every day that it is open. Not only will you need to keep an eye on help that will steal you blind, you can't overlook the cost of liability insurance. One drink served to the wrong person who goes out and kills someone else can wipe you out. __________________ ~ Doer of Things at MetArtMoney Where Flawless Beauty Meets Art ~The MetArt Network ~ selena.delgado9