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Why does it seem that a lot of people seem to be associating the idea of a bar with a nightclub?
Seems to me that many nightclubs must reinvent themselves all of the time to keep the young clientele in the place. Would be a pain in the ass wanting or needing to stay current with the current crop of 21 to 29 year olds all of the time with emphasis on the 21-25 market. Whereas a small dive bar or hole in the wall that was not a run down scary place with toxic toilets and stuff, always seem to have massive staying power. Especially if they take care of a small group of patrons typically from nearby businesses. Add in some quality grub and keep it the opposite of a meat market and it seems these things never close. Hell I would do it myself but there are no liquor licenses available around here, even no lotteries for them any time soon. Hell traderjoes had to pay a fucking arm and a leg to buy one off of someone else here - like an obscene amount. |
Burritos, Frozen Margarita Pitchers, free chips and salsa, acoustic music on the patio, good location.You can't lose. Get the soap opera ladies in for lunch (they love free chips and the oh so healthy taco salad).
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in a downturn there will be some businesses that make it and some don't. some people rather start their business in a downturn (if they have the cash and resources to keep it going for a few years) because of the low costs and so on.
if you really want to, and you do have the cash to keep it going for a few years and wouldnt mind losing it, then go ahead. just be more creative and not like any tom or dick or harry's pub that can be found in every neighbourhood. good luck |
A trendy nightclub is a risk.
A smaller neighborhood bar catering to alcoholics would be a long term business because unfortunately alcoholism doesn't go out of style. |
Dont charge too much
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A $2.00 shot has a cost of $1.00 tops unless it's a "loss leader" just to get people in the door. Typically a $1.00 cost turns into a $3.00 shot. So there is the problem with expensive booze, you are looking at $2.xx cost which goes to a $5 shot. You don't want to run people away by charging $6, $7 or $8 for a shot. So selling one $5 shot instead of two $3 shots is less money taken in and less profit margin on the intake. |
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Check this thread and forum out, looks like some good info: http://www.nightclub-business.com/fo...ead.php?t=6092 |
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Last Bar/Restaurant i brought for around $120,000 and spent $325,000 on the remodel. Payback is going to be 5 years on this one. |
nah... more problems = more drinking!
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If you have 1 million to burn then give it a try. If you are opening a bar to make money... Make sure you have a profitable day job... |
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edit- are you near any colleges? |
small niche bar is winner :)
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Consider this a warning Strike 1 |
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