Re: Opening a Bar
OP, sounds like some of the other posters have given some solid advice. I worked in bars (dance clubs) for a few years & I'll echo a couple of their points.
1. Location & demographic. People willing to spend $$$ won't come to a dive where they sweep up the eyeballs at closing time.
2. Licenses: Educate yourself on business & liquor license requirements.
3. Sound system: I didn't read all the responses thoughly but if you plan to open a dance club/large bar, then budget a lot of $$$ for this item. The club I used to work at had a system worth approx. $250k. That was in the mid 90's.
4. Shady business partners: NO, NO, NO, Firsthand experience, avoid these like a case of the clap. They are the last thing you want in a cash rich business like a bar. My old employer's 'silent' partner got the ATF & IRS agents to pay us a visit because he was a scumbag who didn't like to pay taxes. I saw the handwriting on the wall beforehand & got out.
5. Good employees: bad ones will always rob you blind.
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