Who Owns Their Own Disco/Bar/Club/Hotel? - GoFuckYourself.com

Greg B · 03-24-2006, 07:43 PM

Is it a royal pain to run one? Where are ya located? The ups and downs of managing?

CuriousToyBoy · 03-24-2006, 10:36 PM

I have owned a few over the years...

The latest was a strip bar in Brisbane for about 5 minutes (almost literally) last year which was a total cluster fuck - bad partners, bad business ... someone was gonna sleep with fishes if I didn't walk away. I did, luckily for the other fucktwad. Lost like $10k and that was a cheap lesson.

Last year I part-owned a bar In Angeles City in the Philippines for 15 mins (still almost literally). Sounded like a fucking brilliant idea at the time until the reality of the corruption and bullshit set in. % weeks almost to the day after buying in I sold out at break even.

My FIRST venture was a seedy nightclub in 1994. I owned that for about 20 minutes (still no exaggeration). Seriously, paid $250k for it, 9 weeks later, after a clean up and previous crowd clean out and replacement exercise (total cost about $50k), I sold for $620k and change. Still one of my best business efforts IMHO.

Owning/running a club is overrated and a TOTAL pain in the ass.

My suggestion ?

Make shitloads of money, buy a club, and pay other peeps well to run it for you. Be prepared for it to cost you money, but don't care and treat it like your personal toy.

That is the shit.

2c

CyberHustler · 03-24-2006, 10:47 PM

Not Me....

KRL · 03-24-2006, 11:04 PM

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.

fuzebox · 03-24-2006, 11:31 PM

Quote:

Originally Posted by CuriousToyBoy

...

40 minutes of club ownership and you call yourself an authority...

CuriousToyBoy · 03-25-2006, 05:15 AM

Quote:

Originally Posted by fuzebox

40 minutes of club ownership and you call yourself an authority...

In the scheme of life brother.

03-24-2006, 07:43 PM	#1
Greg B So Fucking Banned Join Date: Jul 2001 Location: EARTH (for the time being) Posts: 7,014	Who Owns Their Own Disco/Bar/Club/Hotel? Is it a royal pain to run one? Where are ya located? The ups and downs of managing?

03-24-2006, 10:36 PM	#2
CuriousToyBoy Crazy Aussie Bastard Industry Role: Join Date: Aug 2005 Location: Wherever I lay my hat, that's my home. Posts: 16,787	I have owned a few over the years... The latest was a strip bar in Brisbane for about 5 minutes (almost literally) last year which was a total cluster fuck - bad partners, bad business ... someone was gonna sleep with fishes if I didn't walk away. I did, luckily for the other fucktwad. Lost like $10k and that was a cheap lesson. Last year I part-owned a bar In Angeles City in the Philippines for 15 mins (still almost literally). Sounded like a fucking brilliant idea at the time until the reality of the corruption and bullshit set in. % weeks almost to the day after buying in I sold out at break even. My FIRST venture was a seedy nightclub in 1994. I owned that for about 20 minutes (still no exaggeration). Seriously, paid $250k for it, 9 weeks later, after a clean up and previous crowd clean out and replacement exercise (total cost about $50k), I sold for $620k and change. Still one of my best business efforts IMHO. Owning/running a club is overrated and a TOTAL pain in the ass. My suggestion ? Make shitloads of money, buy a club, and pay other peeps well to run it for you. Be prepared for it to cost you money, but don't care and treat it like your personal toy. That is the shit. 2c __________________ Celebs Adult Who's Who ==> Ambush Interview ==> ICQ 293 070 684 ==> intmarpacrim AT gmail DOT com

03-24-2006, 10:47 PM	#3
CyberHustler Masterbaiter Industry Role: Join Date: Feb 2006 Posts: 27,983	Not Me.... __________________ “If you can convince the lowest white man he’s better than the best colored man, he won’t notice you’re picking his pocket. Hell, give him somebody to look down on, and he’ll empty his pockets for you.”

03-24-2006, 11:04 PM	#4
KRL Entrepreneur Join Date: Oct 2002 Location: USA Posts: 31,429	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. __________________ If you would like to develop your domains, you can lease inexpensive foreign labor from the leaders in the field at iWebmasters.com TO LOWER YOUR COSTS AND INCREASE YOUR PRODUCTION! * * * * * * * * * * * * Domains Adult News KRL's Newsletter Biz Tips Just Listed Domains