Home | Community | Message Board

MRCA Tyroler Gluckspilze
This site includes paid links. Please support our sponsors.


Welcome to the Shroomery Message Board! You are experiencing a small sample of what the site has to offer. Please login or register to post messages and view our exclusive members-only content. You'll gain access to additional forums, file attachments, board customizations, encrypted private messages, and much more!

Shop: Original Sensible Seeds Bulk Cannabis Seeds   Unfolding Nature Unfolding Nature: Being in the Implicate Order   Kraken Kratom Red Vein Kratom   Bridgetown Botanicals CBD Concentrates   North Spore Cultivation Supplies   PhytoExtractum Buy Bali Kratom Powder

Jump to first unread post Pages: 1 | 2 | 3  [ show all ]
OfflineBrAiN
Art Fag
 User Gallery
Registered: 03/01/01
Posts: 6,875
Loc: Chocolate City
Last seen: 2 years, 5 months
how much money can you make owning a bar?
    #7558203 - 10/25/07 07:27 AM (16 years, 3 months ago)

It's always been a pipe dream of mine to run a bar/nightclub in an urban area where I live (more in an upscale/trendy area). There's no way in hell I could afford to run something like that now.. but I'm just wondering..

Does anyone have enough experience in the bar/restaurant/nightlife industry to sort of guess how much an operation like tha would make in gross revenue? How much the operating costs are? The money stake is so high, you can't afford to get into something like that without REALLY without some accuracy.

Like I said.. there'sno way in hell I could afford it now.. but if I happen to get lucky in the future: just as a hypothetical example:

There's 3 story, 4500 square foot building in the heart of this trendy area in DC for 2.5 million dollars (cheap for the area). It's zoned to where you can use it for almost anypurpose.

* The building would cost 2.5 million. (I guess it would be maybe 10-20K a month in mortgage)

* How much is a liquor license? I'd assume about 250,000 in a city?

* How much is insurance for a building like that as well as insurance for other things (it *IS* a bar)

* How much is the cost of goods sold (how much per month do you spend it buying wholesale liquor and food)

* Much much would the utilities (electricity, plumbing cost)

* Property taxes would probably be 30-50k a year.

As far as revenue.. How much do you really make in liquor sales and food sales? Anyone ever been a bartender or manager of a restaurant of bar that might have some sort of guess as to what the avg profit is on a bottle of liquor?


Edited by BrAiN (10/25/07 08:13 AM)


Extras: Filter Print Post Top
InvisibleCheezit
Feel like aStranger

Registered: 10/19/07
Posts: 843
Re: how much money can you make owning a bar? [Re: BrAiN]
    #7558535 - 10/25/07 09:53 AM (16 years, 3 months ago)

my aunt bought a bar 5 years ago for 250

It's now worth over a million. I guess it depends on where you buy.

They make like 400% on drinks..........


Extras: Filter Print Post Top
InvisibleEgo Death
Justadropofwaterinanendlesssea
 User Gallery


Registered: 04/27/03
Posts: 10,447
Loc: The War Machine
Re: how much money can you make owning a bar? [Re: BrAiN]
    #7558621 - 10/25/07 10:24 AM (16 years, 3 months ago)

Legal drug dealin baby!

Bars make fucking loads!

I worked on the bar at a festival, the amount they took and payed us was insane!

But like any business its not guaranteed. Location is a big factor and you will need a huge start-up loan to buy/hire the premises and booze.

Plus the industry is well established, I dont think it would be easy to get your foot in the door.


You can find out the answer to your questions by ringing the nessacery companies (insurance etc)
and you could analyse a bars sales just by watching how many drinks people buy, spend a night watching on the sly and keeping a tally but remember it will all depends on the location.
The breweries would give you an idea of bulk costs.


Extras: Filter Print Post Top
InvisibleSenor_Doobie
Snake Pit Champion
 User Gallery


Registered: 08/11/99
Posts: 22,678
Loc: Trump Train
Re: how much money can you make owning a bar? [Re: BrAiN]
    #7558622 - 10/25/07 10:24 AM (16 years, 3 months ago)

What are you asking us for?


--------------------
"America: Fuck yeah!" -- Alexthegreat

“Nothing can now be believed which is seen in a newspaper. Truth itself becomes suspicious by being put into that polluted vehicle. The real extent of this state of misinformation is known only to those who are in situations to confront facts within their knowledge with the lies of the day.”  -- Thomas Jefferson

The greatest sin of mankind is ignorance.

The press takes [Trump] literally, but not seriously; his supporters take him seriously, but not literally. --Salena Zeto (9/23/16)


Extras: Filter Print Post Top
InvisibleEgo Death
Justadropofwaterinanendlesssea
 User Gallery


Registered: 04/27/03
Posts: 10,447
Loc: The War Machine
Re: how much money can you make owning a bar? [Re: Senor_Doobie]
    #7558638 - 10/25/07 10:29 AM (16 years, 3 months ago)

Because he likes us :confused:


Extras: Filter Print Post Top
OfflineScarfmeister
Thrill Seeker
Registered: 10/31/02
Posts: 8,127
Loc: The will to power
Last seen: 4 years, 6 months
Re: how much money can you make owning a bar? [Re: BrAiN]
    #7558841 - 10/25/07 11:31 AM (16 years, 3 months ago)

Thats way to much of an investment for someone new to the scene. I can image there are thousand ways to get screwed as a newbie in that bussines.
I'd say building a new club from scratch would be almost impossible as a first time venture without major venture capital and know-how.

I once seriously entertained the thought of buying a club in bar/club in Thailand but the amount of heiniken and singha i would have to sell to break even every month was unreal. And frankly selling booze is the easy part.


--------------------
--------------------
We're the lowest of the low, the scum of the fucking earth!


Extras: Filter Print Post Top
OfflineBrAiN
Art Fag
 User Gallery
Registered: 03/01/01
Posts: 6,875
Loc: Chocolate City
Last seen: 2 years, 5 months
Re: how much money can you make owning a bar? [Re: Senor_Doobie]
    #7558975 - 10/25/07 12:05 PM (16 years, 3 months ago)

Quote:

Senor_Doobie said:
What are you asking us for?




Shit.. cuz we got all kindsa ppl here. I ask a Q about phone lines and I get someone responding that works for Verizon. I figure there's probably enough ppl here in teh food/bar business that I can get a little advice :wink:


Extras: Filter Print Post Top
OfflineBrAiN
Art Fag
 User Gallery
Registered: 03/01/01
Posts: 6,875
Loc: Chocolate City
Last seen: 2 years, 5 months
Re: how much money can you make owning a bar? [Re: Scarfmeister]
    #7558998 - 10/25/07 12:14 PM (16 years, 3 months ago)

Yea I'd probably have to get someone else who knows the business to be a manager or consultant if I offer a % ownership in the company. I have a buddy that is a successful real estate agent now. 10 years ago or so he ran his own small restaurant made mostly for take out and delivery. He failed at it. He'd probably be someone I'd want to get involved with it. Sure he failed, but failture is a great way to learn.

I'm working my ass off and lets just say hypothetically in 3 years I have an income of 25K a month. Between that and a savings I would probably have enough money and CREDIT to get loans to start something up.

I'd never do it myself... on my own. I'd like to have a small stage so I'd probably pick up one of the few club owners out there that offer themselves as consultants for people trying to start in the business. As far as running the BAR/FOOD itself.. it's probably a dime a dozen to find someone with managemen experience in that area.

I've got tons of friends and aquaintances that are involved in DJing, setting up sound, and even throwing massive parties. Back during a lot of the huge 5000+ rave parties, I'd kiss ass to the promotors and get to pick up a bunch of DJs from the airport and chill with them and try to schmooze to learn the business.. got to meet A Man Called Adam, DJ Suv, Scott Henry (the man behind Buzz/Fever)Jumpin Jack Frost/etc.

I think the only real difficult and risky part would be the fact that I'd also like to incorporate my pipe dream into it... start a record label as well and have the club as a sort of launching/marketing point for the bands.

It's kinda risky I guess, but if I manage to BUY the building instead of lease I'd at least get some equity.

I guess I've seen 24-Hour party people one too many times. I'd like to eventually be the "Tony Wilson" of DC. Yea it might sound like a stupid pipe dream.. but hell.. if there's one place to rant and brainstorm about pipe dreams... why not let it be the Shroomery. There's such a vast Plethora (or yea I said PLETHORA) of experience and industries represented here.. not to mention just the fact that this is a SHROOM realted site, a lot of people here tend to think against the crowd.

Georgetown is the area I'm thinking of if any of you guys have ever been there. It's super trendy.. like the Melrose of Wash DC. Nonstop high end restaurants, bars, and shops all along the Potomac river. All the rich ass foreigners are always down there (I hear a lot of Itallian, French, etc) blowing 500 dollars on the shoes. Walk-in business is a total given.... considering the area I think 2.5 million for a 3 level 4500 sqft place right in the middle of the neighborhood is a great deal. Not only that but it's within walking distance of downtown Arlington, VA, Georgetown University and George Washinigton University so all the rich, bored college students that need to blow off steam are a few blocks away.

People in that area are more than willing to overpay for everything too. Hell... the DC burbs alone have 3 of the top ten richest counties in the nation.

I'm not so much worried about income as it is unexpected costs.

Property/Liability insurance are things that I had to really think about.

Does anyone know about how much permits and liability insurance cost for night clubs and bars?

Does anyone actually know for sure how much a liquir license is on average?

I guess I'm trying to solicit ideas from people who might have experience to think of other costs to determine ho realistic of an idea and how difficult it actually is to run a place like this.

The problem with DC.. not so much now, but before.. is the music scene here is always under a lot of scrutiny. When rave style clubs were HUGE here in the late 90's, even into the early 2000's... a lot of promotors were blackballed by the police in DC and Baltimore. Legally they couldn't shut people down, but they were constantly harassed and the cops would have everyone under magnifying glasses just LOOKING for a way to shut you down.

I don't have any felonies (or mistormeanors other than traffic offenses) so I wouldn't have any problem getting a liquor license. I'd probably offer free meals to cops during the day to get in good with the local law enforcement (not to mention its like getting free security).


Edited by BrAiN (10/25/07 12:24 PM)


Extras: Filter Print Post Top
OfflineScarfmeister
Thrill Seeker
Registered: 10/31/02
Posts: 8,127
Loc: The will to power
Last seen: 4 years, 6 months
Re: how much money can you make owning a bar? [Re: BrAiN]
    #7559031 - 10/25/07 12:22 PM (16 years, 3 months ago)

Ok cool dude. Not trying to thread on your dreams or anything.


--------------------
--------------------
We're the lowest of the low, the scum of the fucking earth!


Extras: Filter Print Post Top
OfflineBrAiN
Art Fag
 User Gallery
Registered: 03/01/01
Posts: 6,875
Loc: Chocolate City
Last seen: 2 years, 5 months
Re: how much money can you make owning a bar? [Re: Scarfmeister]
    #7559048 - 10/25/07 12:25 PM (16 years, 3 months ago)

naaa it's all good. Just looking for any feedback really.. constructive criticism, advice from ppl who have been in the industry, hell even anyone who's been a bartender or waiter who happen to know the bar managers/owners just to see what their lifestyles are like. Do the mangers and owners end up working from dawn till dusk or is it easy enough of a business to streamline to the point where you don't need to spend all your time there...

Look looking for any info like that.

Ive just heard from some people that running a bar makes you ton of money. Other people tell me that if you run a bar/restaurant.. odds are you'll fall flat on your face the first time you try... just trying to figure out what are the likely causes of failture.


Extras: Filter Print Post Top
Offlineskydog
Coffee & Blunts
Male User Gallery


Registered: 08/03/05
Posts: 2,486
Last seen: 11 years, 10 months
Re: how much money can you make owning a bar? [Re: BrAiN]
    #7559075 - 10/25/07 12:30 PM (16 years, 3 months ago)

As far as I can tell, if you're going to open a bar, you might as well open one in a college town :vineclimb:


--------------------
:yesnod::thumbup:


Extras: Filter Print Post Top
OfflineBrAiN
Art Fag
 User Gallery
Registered: 03/01/01
Posts: 6,875
Loc: Chocolate City
Last seen: 2 years, 5 months
Re: how much money can you make owning a bar? [Re: skydog]
    #7559087 - 10/25/07 12:32 PM (16 years, 3 months ago)

True... however I'd be pretty strict in my alcohol policy.... I'd rather avoid the liability of being in a college town like College Park (U of MD).

However... like I said.. Georgetown district in DC is walking distances to Gerogetown U and George Washington University... a LOT of people go there for just grad school so there will probably be plenty of drinking age college students just a few blocks away.


Extras: Filter Print Post Top
OfflineBrAiN
Art Fag
 User Gallery
Registered: 03/01/01
Posts: 6,875
Loc: Chocolate City
Last seen: 2 years, 5 months
Re: how much money can you make owning a bar? [Re: Senor_Doobie]
    #7559091 - 10/25/07 12:33 PM (16 years, 3 months ago)

Quote:

Senor_Doobie said:
What are you asking us for?




Besides.. what more APT of a place should I be asking about a bar than in a forum called "The Pub" :smile:

wink wink nudge nudge


Extras: Filter Print Post Top
OfflineJT
Male User Gallery


Registered: 02/28/07
Posts: 7,027
Loc: athens Flag
Last seen: 4 years, 6 months
Re: how much money can you make owning a bar? [Re: BrAiN]
    #7559289 - 10/25/07 01:41 PM (16 years, 3 months ago)

At the fancy italian restaurant/bar I used to work at, I think they brought in about $2,000+ per night serving around 60-100 people.


Extras: Filter Print Post Top
OfflineBrAiN
Art Fag
 User Gallery
Registered: 03/01/01
Posts: 6,875
Loc: Chocolate City
Last seen: 2 years, 5 months
Re: how much money can you make owning a bar? [Re: JT]
    #7559310 - 10/25/07 01:49 PM (16 years, 3 months ago)

Not bad.

How many bottles do you think they went through a night?

Just wondering because I'm assuming bars usually buy liquor in bulk. I'm wondering what a 20 dollar bottle of Jack Daniels goes for at a wholesale price.


Extras: Filter Print Post Top
Offlinemoon_glue
Orwell's Post9/11 Era
Male


Registered: 01/20/07
Posts: 2,264
Loc: Earth, today...
Last seen: 8 years, 10 months
Re: how much money can you make owning a bar? [Re: BrAiN]
    #7559468 - 10/25/07 02:30 PM (16 years, 3 months ago)

the entertainment industry as a whole is in decline. less and less turnout to movie theaters, shows, and clubs. At the really expensive places, people only show up for good headliners.

you would make a lot more money. the guy Adamn you talked about, i think i met him a few months ago in a hotel after Uprise. I think he set up the Island Party as well. anyway his team was there and they make some sick money doing undergrounds.

there is infinitly more demand for undergrounds right now because of how shitty/over priced/over securitied/ over regulated the legit places have become. everyone will choose a night in a warehouse or barn over a night at the best club headliner.

my advice to you is:
1. make some friends with people in secluded areas
2. throw a monthly or bi monthly massive
3. fuck insurance, sales tax, liability, everything else. in the morning go home with your porfits in your pockets.

the underground needs orgnaziation and locations. do that, not another bloated ass venue.

as far as meeting the right people, i can introduce you to some people at the next underground, whenever that is. our last place got popped because the owner fucked us over.


Extras: Filter Print Post Top
Offlinemoon_glue
Orwell's Post9/11 Era
Male


Registered: 01/20/07
Posts: 2,264
Loc: Earth, today...
Last seen: 8 years, 10 months
Re: how much money can you make owning a bar? [Re: moon_glue]
    #7559475 - 10/25/07 02:32 PM (16 years, 3 months ago)

p.s. fuck georgetown. so dissapointing.


Extras: Filter Print Post Top
OfflineBrAiN
Art Fag
 User Gallery
Registered: 03/01/01
Posts: 6,875
Loc: Chocolate City
Last seen: 2 years, 5 months
Re: how much money can you make owning a bar? [Re: moon_glue]
    #7559528 - 10/25/07 02:47 PM (16 years, 3 months ago)

Oh psssht. I'm 4500 sq ft is big but not that big. I don't want to overchange for a bunch of huge acts.. just want to play local bands and give them a chance... maybe charge 10 bucks at the door at most to pay them.

There's nothing wrong with wanting to run a bar in Georgetown. And I don't care about being "underground". To be honest I'm kind of sick of that term. I just want to run a place where ppl can have a good time. And I'd rather do it legit and get all my insurance and permits in order.

I'm not into underground raves any more.

And who cares if it's in Georgetown. Just because it's not some dingy hole in the wall club in the ghetto where only the "cool people" know where it is doesn't make it any less of a fun place. Those places end up getting all trendy eventually anyways. What am I supposed to do.. try to live my dream of owning a place like this and making a living by putting in a place where LESS people can find it? This isn't the mid 90's anymore where a bunch of E tards with glowsticks run around from checkpoint to checkpoint to get directions to evade the cops.

As long as it's affordable, the people you work with are laid and you're not invaded by the frat scene, and the music is good.. who cares if it's in Georgetown. It's closed minded just to think because it's in this trendy area that it's a "sell out" club.


Extras: Filter Print Post Top
OfflineTangerines
 User Gallery


Folding@home Statistics
Registered: 04/17/05
Posts: 17,918
Loc: woodwork Flag
Last seen: 4 years, 23 days
Re: how much money can you make owning a bar? [Re: BrAiN]
    #7559531 - 10/25/07 02:48 PM (16 years, 3 months ago)

A college campus would probably be the best place to open a bar.


Extras: Filter Print Post Top
OfflineBrAiN
Art Fag
 User Gallery
Registered: 03/01/01
Posts: 6,875
Loc: Chocolate City
Last seen: 2 years, 5 months
Re: how much money can you make owning a bar? [Re: Tangerines]
    #7559549 - 10/25/07 02:52 PM (16 years, 3 months ago)

Quote:

Tangerines said:
A college campus would probably be the best place to open a bar.




I doubt a college campus would ever let you open a bar ON campus. The school I went to briefly sold beers late night at the food court, but quickly stopped that.

If youre' referring to just being right by a campus in a college town.. I don't know. I really don't want the fratty crowd where everyone dresses in school colors and gets all super rowdy yelling at college football.. not to mention I don't want to be inveaded by underage ppl trying to drink. Like I said.. I'd rather it be legit. Everyone carded... etc.

Most colleges out here are in the ghetto anyways (UMCP (terp campus), UMBC, etc).


Extras: Filter Print Post Top
OfflineBrAiN
Art Fag
 User Gallery
Registered: 03/01/01
Posts: 6,875
Loc: Chocolate City
Last seen: 2 years, 5 months
Re: how much money can you make owning a bar? [Re: moon_glue]
    #7559555 - 10/25/07 02:53 PM (16 years, 3 months ago)

Quote:

moon_glue said:the guy Adamn you talked about, i think i met him a few months ago in a hotel after Uprise.





Naaa.. this is a duo (lounge/downtemp electronic) from the UK. A dude and a chick that call themselves "A Man Called Adam", named after an old Sammy Davis movie.

http://en.wikipedia.org/wiki/A_Man_Called_Adam

I was picking them up to take them to starscape when we killed some time at my place in Baltimore. I went to make a liquor run for them and some friends. As I walked up to my place I fell on the stoop and shattered most of the booze. All that survived were my 40's of OE. heh

I also got arrested while driving DJ Suv (part of Reprazent) around Baltimore killing time before starscape. That's a long story... one he probably won't forget.


Edited by BrAiN (10/25/07 03:04 PM)


Extras: Filter Print Post Top
InvisibleBIGSWANG
oakridge gang, beotch
 User Gallery


Folding@home Statistics
Registered: 02/18/02
Posts: 19,397
Loc: Iwishanigga woods
Re: how much money can you make owning a bar? [Re: BrAiN]
    #7559560 - 10/25/07 02:54 PM (16 years, 3 months ago)

you can make exactly 1 million dollars


--------------------
Admin Edit: Your signiture is inappropriate and has been removed.  Do not harass other members in your signiture.  Also refrain from posting links to scat pornography.  If I see anything like that here again, you will be banned.


Extras: Filter Print Post Top
OfflineBrAiN
Art Fag
 User Gallery
Registered: 03/01/01
Posts: 6,875
Loc: Chocolate City
Last seen: 2 years, 5 months
Re: how much money can you make owning a bar? [Re: moon_glue]
    #7559593 - 10/25/07 03:01 PM (16 years, 3 months ago)

Quote:

moon_glue said:
p.s. fuck georgetown. so dissapointing.




Remember.. I'm also talking hypothetically anyways.

Adams morgan wouldnt be a bad spot, or capitol hill....I'd prefer a place with just a lot of pedestrian traffic where you don't have to worry about getting shot.


Extras: Filter Print Post Top
Invisibleoso
man
 User Gallery

Registered: 09/27/06
Posts: 158
Re: how much money can you make owning a bar? [Re: BIGSWANG]
    #7559636 - 10/25/07 03:10 PM (16 years, 3 months ago)

It's diff in every state, but bars/rests don't get wholesale discounts for liquor here, they pay more(in taxes) per bottle. Beer/wine you can. I understand licenses are limited in the north, so idk, here its 2k$ to apply, then some other shit from the state and county all less than 10k total, but that doesnt help you. After setup(incl bar setup) your biggest expenses will be labor(doormen, bouncers, dancers?, bussers, servers, and then boh) I don't have any experience in large operations, but for that kind of investment, I would have to guess you would need to bring in something between 5-15k a night to come near breaking even, and you wouldnt make a clear profit for months. Not to discourage you, but thats a big thing with a lot of risk, you should buy a small bar first to learn some shit about it. First hand experience can't be taught


--------------------
"When tyranny and oppression come to this land, it will be in the guise of fighting a foreign foe."
James Madison


Extras: Filter Print Post Top
OfflineBrAiN
Art Fag
 User Gallery
Registered: 03/01/01
Posts: 6,875
Loc: Chocolate City
Last seen: 2 years, 5 months
Re: how much money can you make owning a bar? [Re: oso]
    #7559654 - 10/25/07 03:14 PM (16 years, 3 months ago)

I remember hearing a while back that in Baltimore (just as an example) that a liquor license was almost a quarter million dollars. I'm not sure if they were exaggerating or not.

It wouldn't suprise me... the city is FLOOOODDED with bars. Drinking is the national pasttime in Bmore especially with so many schools. I believe the city a while back to decided to cut off any NEW liquor licenses because of this. If you wanted one you had to wait until someone who already had one either transferred it to you or went out of business and let other fight for it.

That would explain such a high cost of the license.. supply and demand.


Extras: Filter Print Post Top
OfflineTangerines
 User Gallery


Folding@home Statistics
Registered: 04/17/05
Posts: 17,918
Loc: woodwork Flag
Last seen: 4 years, 23 days
Re: how much money can you make owning a bar? [Re: BrAiN]
    #7559673 - 10/25/07 03:19 PM (16 years, 3 months ago)

I did not mean ON campus. my bad, I meant right off campus. Depends on the type of bar anyways. some get the fratty guys while others have a more laid back/cool crowd. All about what music you play there and the general vibe you set up.

and yea osu is only near the ghetto, but no ghettos come to the bars right around cmapus. venture a few streets away though and the scene drasticly changes.


Extras: Filter Print Post Top
OfflineBrAiN
Art Fag
 User Gallery
Registered: 03/01/01
Posts: 6,875
Loc: Chocolate City
Last seen: 2 years, 5 months
Re: how much money can you make owning a bar? [Re: Tangerines]
    #7559688 - 10/25/07 03:23 PM (16 years, 3 months ago)

Ohio? Isn't that whole state a ghetto? hehe.


Extras: Filter Print Post Top
Invisibleoso
man
 User Gallery

Registered: 09/27/06
Posts: 158
Re: how much money can you make owning a bar? [Re: Tangerines]
    #7559702 - 10/25/07 03:28 PM (16 years, 3 months ago)

One of my friends owned a bar next to a college and he was fined 6500$ one night cause ale showed up and some underage people had gotten in. He got mad and turned it in a coffee shop that also sold beer/wine and some liquor since he already had the licenses. He also owned two larger bars in the city and said that one never made that much cause that crowd never spent that much and would come in already drunk. It makes more selling 4$ coffee and muffins.


--------------------
"When tyranny and oppression come to this land, it will be in the guise of fighting a foreign foe."
James Madison


Extras: Filter Print Post Top
Offlinemoon_glue
Orwell's Post9/11 Era
Male


Registered: 01/20/07
Posts: 2,264
Loc: Earth, today...
Last seen: 8 years, 10 months
Re: how much money can you make owning a bar? [Re: BrAiN]
    #7559813 - 10/25/07 04:10 PM (16 years, 3 months ago)

Quote:

BrAiN said:
Oh psssht. I'm 4500 sq ft is big but not that big. I don't want to overchange for a bunch of huge acts.. just want to play local bands and give them a chance... maybe charge 10 bucks at the door at most to pay them.

There's nothing wrong with wanting to run a bar in Georgetown. And I don't care about being "underground". To be honest I'm kind of sick of that term. I just want to run a place where ppl can have a good time. And I'd rather do it legit and get all my insurance and permits in order.

I'm not into underground raves any more.

And who cares if it's in Georgetown. Just because it's not some dingy hole in the wall club in the ghetto where only the "cool people" know where it is doesn't make it any less of a fun place. Those places end up getting all trendy eventually anyways. What am I supposed to do.. try to live my dream of owning a place like this and making a living by putting in a place where LESS people can find it? This isn't the mid 90's anymore where a bunch of E tards with glowsticks run around from checkpoint to checkpoint to get directions to evade the cops.

As long as it's affordable, the people you work with are laid and you're not invaded by the frat scene, and the music is good.. who cares if it's in Georgetown. It's closed minded just to think because it's in this trendy area that it's a "sell out" club.




cause we don't need another money hungry venue in the dc area. and yes you will have to be money hungry venue to pay permits, insurance, ect and still maintain a decent sound system, clean space, and other bills. 10 dollars at the door is a joke.

and fuck georgetown, try charlottesville. georgetown/dc allready has Ibiza, Fur, 5, 9:30, ect. Get a spot for cheaper in charlottesville. you'l be within an hours drive of ALOT MORE colleges for students with ALOT LESS choices in clubs. not to mention everything will be alot cheaper. if you could find a spot in charllottesvill just for a one off party, do you have any idea how big it would be?

think about how much competetion you would have in D.C. Now compare it with charllotesville and see how many universerties are within an hours drive :

Virginia Commonwealth U
Richmond University
CVCC
Randolf Macon
Lynchburg College
Liberty Universty
UVA
just to name a few

enough said. central virginia could be an epicenter for any culture in virginia. DC has enough going on, the market is saturated.


Extras: Filter Print Post Top
OfflineGroomies
Ghost
 User Gallery


Registered: 08/16/07
Posts: 1,119
Last seen: 7 years, 1 month
Re: how much money can you make owning a bar? [Re: BrAiN]
    #7559830 - 10/25/07 04:15 PM (16 years, 3 months ago)

a club can make 25K a night in alcohol with about 900 people. i know this cause i've done it many times


--------------------
:hotidea::hotidea::hotidea:


Extras: Filter Print Post Top
OfflineBrAiN
Art Fag
 User Gallery
Registered: 03/01/01
Posts: 6,875
Loc: Chocolate City
Last seen: 2 years, 5 months
Re: how much money can you make owning a bar? [Re: moon_glue]
    #7559872 - 10/25/07 04:28 PM (16 years, 3 months ago)

I've got no interest in Charlotsville or in doing one off parties. I'm talking about making a living by owning a business working in an area I love. If I'm not going to have fun doing it and be where I want to be.. why bother?

There's always room for shit in DC. There are always clubs going in and out of business. Some stay in business forever like 930.. some open up and fall flat on their faces. As long as you're in a nice pedestrian heavy area, you'll be fine.

I'm not money hungry. I'd only be doing it if I were financially secure enough to begin with. You keep getting into all these ethical arguments and I'm just talking about opening a modest neighborhood-type place. If I open a place it's going to be in DC no matter what... either gtown, the morgan, cap hill, dupont, etc. Personally I would never charge anything at the door .. I'd let any bands decide their own price and make sure some of that does to the staff that helps with the sound/maintence. That's how most bars work in dc that all my friends throw parties at. They just pick a bar that normally doesn't charge a cover... get the dj's they want and make flyers. They charge at the door and they money goes to them for the DJ's. The bar just take bars sales.

Plus.. I'd like to have a place there also just to do other stuff.. expand the building to maybe have a record shop (vinyl and cd's), internet cafe, maybe some clothes designed by local people... kinda of like how Yoshietoshi used to be. They're problem was they just sold stuff that was TOO trendy... fuckin 30 bucks for a Lithium tshirt.. I don't think so.

I think as long as you have a good plan, some good managementskills, etc... you'll never be MONEY HUNGRY GRUBBY or whatever as long as you're in it mostly to have fun and not to make a million bucks. You say it's impossible. I say it isn't


Extras: Filter Print Post Top
OfflineBrAiN
Art Fag
 User Gallery
Registered: 03/01/01
Posts: 6,875
Loc: Chocolate City
Last seen: 2 years, 5 months
Re: how much money can you make owning a bar? [Re: Groomies]
    #7559875 - 10/25/07 04:29 PM (16 years, 3 months ago)

Quote:

Groomies said:
a club can make 25K a night in alcohol with about 900 people. i know this cause i've done it many times




You were a nightclub manager? owner? bartender?


Extras: Filter Print Post Top
OfflineGroomies
Ghost
 User Gallery


Registered: 08/16/07
Posts: 1,119
Last seen: 7 years, 1 month
Re: how much money can you make owning a bar? [Re: BrAiN]
    #7560527 - 10/25/07 07:58 PM (16 years, 3 months ago)

i used to be a promoter. my group take 10% of the money the club makes in alcohol


--------------------
:hotidea::hotidea::hotidea:


Extras: Filter Print Post Top
OfflineBrAiN
Art Fag
 User Gallery
Registered: 03/01/01
Posts: 6,875
Loc: Chocolate City
Last seen: 2 years, 5 months
Re: how much money can you make owning a bar? [Re: Groomies]
    #7560563 - 10/25/07 08:09 PM (16 years, 3 months ago)

what i hate is the way the clubs work in LA. There are SO many bands that the supply is more than the demand asks for

So when clubs ask bands to play the bands are so desperate the bands have to garuntee that they'll sell X number of tickets and PAY the club the difference in the ticket cost if they sell LESS tickets.

Sounds stupid if you ask me.. but I guess that's what happens in a market like LA.. when they supply is so high that the equilibrium becomes NEGATIVE


Extras: Filter Print Post Top
InvisibleJonnyOnTheSpot
Sober Surfer
Male User Gallery

Registered: 01/27/02
Posts: 11,527
Loc: North Carolina
Re: how much money can you make owning a bar? [Re: BrAiN]
    #7561175 - 10/25/07 10:45 PM (16 years, 3 months ago)

a friend and i are preparing to do something similar to what you're talking about. we're going to open a music venue in a medium sized city/college town and according to all the numbers we've put together it should be pretty profitable once it gets going.

it's a city with 35,000 college students and not a single place for live music, except for a shitty hotel bar that has crap jambands and is packed, with a five dollar cover, every weekend. it's going to be impossible for us to lose money i think because people are hungry for what we're going to offer them. for us, the only hold up is finding a suitable space to rent. we want it in a very specific part of town so we're waiting patiently for that place to open up. we had one place that was absolutely perfect, but it got rented out from under our noses by some douche bag who wants to turn it into a cooking supply store...

we're of course going to lease a space rather than buy property. other then the obvious expenses like that though it's actually cheaper then you might imagine to get it going. for instance, you said you thought a liquor license was 250k? in the state i'm talking about it's something like 5k. pretty big difference. we've figured out that in order to break even every month, factoring in all the overhead, lease, insurance etc, that we'd only have to sell 40 pints a night. of course on a big show night it's going to be more like 400-500 beers according to friends of mine that run clubs/bars. another way to cut costs is buying some of your equipment used. it's surprisingly easy to find too. you can get coolers, walk in fridges, and furniture all used. just look around on the internet. we won't even have to buy the PA/lights right away because this promoter we've talked to wants to get on board and run all that for for a % of profits. there's plenty of ways to make it happen.

i'm really excited about the whole thing though. once we get it going we're going to work the bar and use the tips to prop us up while things start going well, and we'll have a couple gimmicky sort of nights at first, like a mug night and a poker night, and that will be very helpful in the beginning. the end result though is a successful regional music venue for break out bands.


Extras: Filter Print Post Top
OfflinePhishe
Lysergic Bliss
Male User Gallery


Registered: 01/21/06
Posts: 2,908
Loc: Planet Earth
Last seen: 11 years, 4 months
Re: how much money can you make owning a bar? [Re: JonnyOnTheSpot]
    #7561208 - 10/25/07 10:55 PM (16 years, 3 months ago)

Doesn't toadie own a bar?


Extras: Filter Print Post Top
OfflineBrAiN
Art Fag
 User Gallery
Registered: 03/01/01
Posts: 6,875
Loc: Chocolate City
Last seen: 2 years, 5 months
Re: how much money can you make owning a bar? [Re: JonnyOnTheSpot]
    #7562035 - 10/26/07 07:41 AM (16 years, 3 months ago)

I actually did more research. I think my friend WAS exaggerating. A liquor license for a small 200-499 capacity nightclub venture is only 3500ish per year.

I wonder how much liability insurance will cost.


Extras: Filter Print Post Top
OfflineBrAiN
Art Fag
 User Gallery
Registered: 03/01/01
Posts: 6,875
Loc: Chocolate City
Last seen: 2 years, 5 months
Re: how much money can you make owning a bar? [Re: BrAiN]
    #7562040 - 10/26/07 07:44 AM (16 years, 3 months ago)

The one thing I don't understand is how I keep reading that it takes 6-12 months for a bar to start making money.

I don't understand how this is possible. I mean.. if you can pack a bar when it first opens (which is likely) and have the same amount of money streaming in when you first open as when you've been open for 12 months... what's so special about the 12 month milestone that makes you more money? Maybe you have some loans that will probably have been paid off after 12 months.. but that's the only reason why I can see a bar would make more money 12 months after opening rather than when it first opens.

The only other reason I could see is if it takes a while to build up a customer base... This shouldn't be a problem if you're in a trendy part of town with high pedestrian traffic. Most people that walk around these parents love trying new things anyways. Most urban trendy areas if you're right on "the strip" you SHOULD be able to start packing your place almost immediately.


Extras: Filter Print Post Top
OfflineScarfmeister
Thrill Seeker
Registered: 10/31/02
Posts: 8,127
Loc: The will to power
Last seen: 4 years, 6 months
Re: how much money can you make owning a bar? [Re: BrAiN]
    #7562522 - 10/26/07 10:36 AM (16 years, 3 months ago)

Because it takes about a year before you have earned enough to cover the expenses of opening the bar. Your not actually making money until you have made more than you put in.


--------------------
--------------------
We're the lowest of the low, the scum of the fucking earth!


Extras: Filter Print Post Top
OfflineBrAiN
Art Fag
 User Gallery
Registered: 03/01/01
Posts: 6,875
Loc: Chocolate City
Last seen: 2 years, 5 months
Re: how much money can you make owning a bar? [Re: Scarfmeister]
    #7563054 - 10/26/07 12:11 PM (16 years, 3 months ago)

Ahhhh.. like furniture, remodeling, buying all the machines you need and shit?

I was just thinking about monthly expenses like insurance, lease or mortgage, monthly cost of goods sold.

I totally forgot not everything is a MONTHLY payment.

Of course.. everything you need to BUY up front I'd think can just be covered as a part of the loan.


Extras: Filter Print Post Top
Invisiblememes
Blessed


Folding@home Statistics
Registered: 01/11/05
Posts: 27,785
Loc: In a Tree
Re: how much money can you make owning a bar? [Re: Phishe]
    #7563269 - 10/26/07 12:55 PM (16 years, 3 months ago)

Quote:

Phishe said:
Doesn't toadie own a bar?



whose Toadie?

there's a bar/venue in Richmond, VA where i saw a few bands called The Toad's Place - it'd be crazy if this were the same person, heh.


Extras: Filter Print Post Top
OfflinePhishe
Lysergic Bliss
Male User Gallery


Registered: 01/21/06
Posts: 2,908
Loc: Planet Earth
Last seen: 11 years, 4 months
Re: how much money can you make owning a bar? [Re: memes]
    #7563320 - 10/26/07 01:07 PM (16 years, 3 months ago)

I think he does live in canada...

He is a member of the shroomery. Normally hangs around OTD I think.


Extras: Filter Print Post Top
Jump to top Pages: 1 | 2 | 3  [ show all ]

Shop: Original Sensible Seeds Bulk Cannabis Seeds   Unfolding Nature Unfolding Nature: Being in the Implicate Order   Kraken Kratom Red Vein Kratom   Bridgetown Botanicals CBD Concentrates   North Spore Cultivation Supplies   PhytoExtractum Buy Bali Kratom Powder


Similar ThreadsPosterViewsRepliesLast post
* Just found some tunnels @ Georgetown
( 1 2 3 4 all )
memes 4,174 65 07/05/09 12:44 PM
by blewmeanie
* Drug "lab" discovered at Georgetown U. dorms
( 1 2 all )
PreparationH 2,612 37 10/23/10 09:57 PM
by WakeboardrB
* hookah/oxygen bar
( 1 2 all )
MilkVein 4,807 33 04/27/04 11:45 PM
by Wysefool
* im going to go hit up some bars downtown.... ZippoZM 452 6 12/24/04 01:17 AM
by blissedout
* go see the weather underground! iglou 874 2 08/07/03 11:10 PM
by Crass
* Just say no...a stranger in my own damn house
( 1 2 all )
MOTH 4,265 32 08/28/04 08:52 AM
by MOTH
* Best protein/energy bars Supernova 693 4 01/11/05 01:06 PM
by ToTheSummit
* Sexiest woman ever? Bar Marylin Monroe...
( 1 2 3 4 5 6 7 8 all )
mr_kite 51,223 143 05/27/05 06:52 AM
by Ravus

Extra information
You cannot start new topics / You cannot reply to topics
HTML is disabled / BBCode is enabled
Moderator: Entire Staff
8,282 topic views. 2 members, 43 guests and 35 web crawlers are browsing this forum.
[ Show Images Only | Sort by Score | Print Topic ]
Search this thread:

Copyright 1997-2024 Mind Media. Some rights reserved.

Generated in 0.03 seconds spending 0.008 seconds on 14 queries.