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My ex-wife's father bought a bar when he retired up near Lake Arrowhead. Its a nice business if you can grab honest managers and bartenders. If you don't watch the place, you'll get skimmed on your liquor either directly or if you watch the inventory, they'll slip in their own bottles to pull the skim money out.
Also since its a lot of cash you have to have solid security in place, especially when you close up at night with the money bag.
I've known a number of club owners over the years. I had some business deals with Steve Banerjee, who was the founder and owner of Chippendales. That place was a cash machine and then some. Steve was too greedy though and ended up getting nailed for a murder rap when he put out a hit on one of his managers who went and opened a competing club in New York. They traced the shooter back to Steve and since he was looking at life behind bars he decided to end it all and hung himself in his jail cell before the trial.
Downside to the club biz is most clubs don't last too long without having to re-invent themselves or getting clubbered by competition that becomes the in place. If you open one in major cities you'll end up having your new silent "partners" show up and tell you who you'll be buying all your supplies and liquor from if you want to stay in business. And then you need well connected promotors to get you traffic and make your place a hot spot. When you are a club owner you do get unlimited pussy if that's what you are after. LOL
I've known a few people who invest in hotels. Haven't heard many negative things with that business, but again the key there is location. So you really need to know your market before buying a place.
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