Is opening a bar in this economy a bad idea?

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  • sortie
    Confirmed User
    • Mar 2007
    • 7771

    #1

    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.
  • Ethersync
    Confirmed User
    • Mar 2008
    • 5289

    #2
    How is it being financed?
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    • F-U-Jimmy
      Confirmed User
      • Apr 2006
      • 6853

      #3
      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
      icq. 176240424 44.years as a pornographer !!!!!!!!!!!

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      • Quotealex
        Confirmed User
        • Sep 2001
        • 6265

        #4
        Isn't a bar recession proof!

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        • sortie
          Confirmed User
          • Mar 2007
          • 7771

          #5
          Originally posted by Ethersync
          How is it being financed?
          That is totally flexible.

          Comment

          • sortie
            Confirmed User
            • Mar 2007
            • 7771

            #6
            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.

            Comment

            • sortie
              Confirmed User
              • Mar 2007
              • 7771

              #7
              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.

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              • Lester Burnham
                Confirmed User
                • Aug 2006
                • 540

                #8
                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)!

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                • Va2k
                  I’m still alive barley.
                  • Oct 2001
                  • 10060

                  #9
                  Too bad we don't have Euthanasia for humans, I would sure vote for you!

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                  • Ethersync
                    Confirmed User
                    • Mar 2008
                    • 5289

                    #10
                    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...
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                    • LatinCams
                      Confirmed User
                      • Aug 2008
                      • 1615

                      #11
                      farmacy would be also good

                      Everybody is sick at this days
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                      • Si
                        Such Fun!
                        • Feb 2008
                        • 13900

                        #12
                        open it, there will be loads of out of work people drowning there sorrows for you to make a fucking killing!

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                        • sortie
                          Confirmed User
                          • Mar 2007
                          • 7771

                          #13
                          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.

                          Comment

                          • sortie
                            Confirmed User
                            • Mar 2007
                            • 7771

                            #14
                            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.

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                            • sortie
                              Confirmed User
                              • Mar 2007
                              • 7771

                              #15
                              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.

                              Comment

                              • Quotealex
                                Confirmed User
                                • Sep 2001
                                • 6265

                                #16
                                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!

                                Comment

                                • Ethersync
                                  Confirmed User
                                  • Mar 2008
                                  • 5289

                                  #17
                                  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.....
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                                  • sortie
                                    Confirmed User
                                    • Mar 2007
                                    • 7771

                                    #18
                                    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.

                                    Comment

                                    • xsabn
                                      Confirmed User
                                      • Feb 2007
                                      • 2815

                                      #19
                                      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.

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                                      • Nismo
                                        Confirmed User
                                        • May 2002
                                        • 4977

                                        #20
                                        If you have to ask, then the business would fail whether the economy was good or bad.
                                        i buy massive xxx dating traffic.

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                                        • sortie
                                          Confirmed User
                                          • Mar 2007
                                          • 7771

                                          #21
                                          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.

                                          Comment

                                          • sortie
                                            Confirmed User
                                            • Mar 2007
                                            • 7771

                                            #22
                                            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.

                                            Comment

                                            • Ethersync
                                              Confirmed User
                                              • Mar 2008
                                              • 5289

                                              #23
                                              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.
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                                              • Spunky
                                                I need a beer
                                                • Jun 2002
                                                • 133986

                                                #24
                                                All about location.are you thinking a pub or a night club?

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                                                • sortie
                                                  Confirmed User
                                                  • Mar 2007
                                                  • 7771

                                                  #25
                                                  Pub, with some basic food.

                                                  Comment

                                                  • sortie
                                                    Confirmed User
                                                    • Mar 2007
                                                    • 7771

                                                    #26
                                                    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.

                                                    Comment

                                                    • Varius
                                                      Confirmed User
                                                      • Jun 2004
                                                      • 6890

                                                      #27
                                                      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

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                                                      • Ethersync
                                                        Confirmed User
                                                        • Mar 2008
                                                        • 5289

                                                        #28
                                                        Originally posted by Spunky
                                                        All about location.are you thinking a pub or a night club?
                                                        Yes, location and management.
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                                                        • sortie
                                                          Confirmed User
                                                          • Mar 2007
                                                          • 7771

                                                          #29
                                                          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.

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                                                          • tony299
                                                            lurker
                                                            • Aug 2002
                                                            • 57021

                                                            #30
                                                            Coach was opened during the depression so was HP.

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                                                            • BV
                                                              wtf
                                                              • Sep 2001
                                                              • 10914

                                                              #31
                                                              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.

                                                              Comment

                                                              • EscortBiz
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                                                                • May 2002
                                                                • 19422

                                                                #32
                                                                most fail regardless of when you open, anything retail = 95% chance of disaster

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                                                                • sortie
                                                                  Confirmed User
                                                                  • Mar 2007
                                                                  • 7771

                                                                  #33
                                                                  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.

                                                                  Comment

                                                                  • psili
                                                                    Confirmed User
                                                                    • Apr 2003
                                                                    • 5526

                                                                    #34
                                                                    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.

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                                                                    • MandyBlake
                                                                      The one and only!
                                                                      • Nov 2002
                                                                      • 17761

                                                                      #35
                                                                      people get depressed and want to drown their sorrows in a beer.
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                                                                      • xsabn
                                                                        Confirmed User
                                                                        • Feb 2007
                                                                        • 2815

                                                                        #36
                                                                        Originally posted by MandyBlake
                                                                        people get depressed and want to drown their sorrows in a beer.
                                                                        haha - pretty true

                                                                        Comment

                                                                        • sortie
                                                                          Confirmed User
                                                                          • Mar 2007
                                                                          • 7771

                                                                          #37
                                                                          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.

                                                                          Comment

                                                                          • BV
                                                                            wtf
                                                                            • Sep 2001
                                                                            • 10914

                                                                            #38
                                                                            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.

                                                                            Comment

                                                                            • sortie
                                                                              Confirmed User
                                                                              • Mar 2007
                                                                              • 7771

                                                                              #39
                                                                              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.

                                                                              Comment

                                                                              • Twistys Tim
                                                                                Confirmed User
                                                                                • Apr 2008
                                                                                • 1923

                                                                                #40
                                                                                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.


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                                                                                • Sly
                                                                                  Let's do some business!
                                                                                  • Sep 2004
                                                                                  • 31377

                                                                                  #41
                                                                                  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.
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                                                                                  • Monique Niccole
                                                                                    Confirmed User
                                                                                    • Nov 2002
                                                                                    • 5653

                                                                                    #42
                                                                                    Don't alcohol sales usually thrive during a recession?

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

                                                                                    Comment

                                                                                    • MandyBlake
                                                                                      The one and only!
                                                                                      • Nov 2002
                                                                                      • 17761

                                                                                      #43
                                                                                      Originally posted by sortie
                                                                                      I want to drown my sorrows in your breats.
                                                                                      come on over. lol
                                                                                      Mandy's Playhouse
                                                                                      Her First Fat Girl
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                                                                                      • sortie
                                                                                        Confirmed User
                                                                                        • Mar 2007
                                                                                        • 7771

                                                                                        #44
                                                                                        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.

                                                                                        Comment

                                                                                        • Sly
                                                                                          Let's do some business!
                                                                                          • Sep 2004
                                                                                          • 31377

                                                                                          #45
                                                                                          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.
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                                                                                          • sortie
                                                                                            Confirmed User
                                                                                            • Mar 2007
                                                                                            • 7771

                                                                                            #46
                                                                                            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.

                                                                                            Comment

                                                                                            • sortie
                                                                                              Confirmed User
                                                                                              • Mar 2007
                                                                                              • 7771

                                                                                              #47
                                                                                              Originally posted by MandyBlake
                                                                                              come on over. lol
                                                                                              Hey, one day I will take you up on that offer.

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                                                                                              • BV
                                                                                                wtf
                                                                                                • Sep 2001
                                                                                                • 10914

                                                                                                #48
                                                                                                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

                                                                                                Comment

                                                                                                • BV
                                                                                                  wtf
                                                                                                  • Sep 2001
                                                                                                  • 10914

                                                                                                  #49
                                                                                                  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?

                                                                                                  Comment

                                                                                                  • selena
                                                                                                    Confirmed User
                                                                                                    • Aug 2004
                                                                                                    • 7995

                                                                                                    #50
                                                                                                    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.
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