Is opening a bar in this economy a bad idea?

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  • After Shock Media
    It's coming look busy
    • Mar 2001
    • 35299
    #51
    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.

    [email protected] ICQ:135982156 AIM: Aftershockmed1a MSN: [email protected]

      Comment

      • Axzar
        Random Jackass
        • Feb 2003
        • 1837
        #52
        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).

          Comment

          • andy83
            Confirmed User
            • Jun 2005
            • 1605
            #53
            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

              Comment

              • Your Mothers Secret
                Confirmed User
                • Jul 2005
                • 240
                #54
                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.

                  Comment

                  • collegeboobies
                    So Fucking Banned
                    • Jul 2004
                    • 3644
                    #55
                    Dont charge too much

                      Comment

                      • sortie
                        Confirmed User
                        • Mar 2007
                        • 7771
                        #56
                        Originally posted by BV
                        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
                        It doesn't work that way.

                        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.

                          Comment

                          • BV
                            wtf
                            • Sep 2001
                            • 10914
                            #57
                            Originally posted by sortie
                            It doesn't work that way.

                            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.
                            Well now you have me curious.

                            Check this thread and forum out, looks like some good info: http://www.nightclub-business.com/fo...ead.php?t=6092

                              Comment

                              • F-U-Jimmy
                                Confirmed User
                                • Apr 2006
                                • 6853
                                #58
                                Originally posted by sortie
                                I'd think a funeral service would be more expensive than a small bar though.
                                You may be right ? I own a few bars /Restaurants / Cafes, and i've seen profits rise in the last 8 months about 25%. Normally during the winter months ( a freezing 75 F . today here in San Diego) takings are reduced by as much as 40%, so im guessing there are more people drowning their sorrows ?

                                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.
                                icq. 176240424 44.years as a pornographer !!!!!!!!!!!

                                  Comment

                                  • Violetta
                                    Affiliate
                                    • Jul 2004
                                    • 28735
                                    #59
                                    nah... more problems = more drinking!
                                    M&A Queen

                                      Comment

                                      • Jman
                                        Already an AI veteran
                                        • Sep 2003
                                        • 22834
                                        #60
                                        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... If you have money to launder I'd say go for it.

                                        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...
                                        Orkestrait NSFW AI
                                        FantasyXXX.AI
                                        Email: [email protected] TG: @jman1216

                                          Comment

                                          • TyroneGoldberg
                                            Confirmed User
                                            • Sep 2007
                                            • 1081
                                            #61
                                            Originally posted by Your Mothers Secret
                                            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.
                                            yep, cheap beer and whiskey. and have sirloin specials on wedendays...


                                            edit- are you near any colleges?
                                            Last edited by TyroneGoldberg; 01-18-2009, 09:32 AM.

                                              Comment

                                              • TTiger
                                                Confirmed User
                                                • Mar 2002
                                                • 3030
                                                #62
                                                small niche bar is winner

                                                  Comment

                                                  • Ice
                                                    Confirmed User
                                                    • Nov 2002
                                                    • 26053
                                                    #63
                                                    Originally posted by Fungus
                                                    Too bad we don't have Euthanasia for humans, I would sure vote for you!
                                                    You are very close to crossing the line and getting banned for a death threat.

                                                    Consider this a warning

                                                    Strike 1
                                                    icq 1904905

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