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mrplunkey
New member
I gotta figure this "tax write-off" thing out.
so opening a bar with
- Thread starter shirlene29
- Start date
I gotta figure this "tax write-off" thing out.
I imagine it disappeared some years ago.
But my point is that few bars are profitable.
figurechamp
New member
I'll chime in with my two cents. 
I worked in and managed a college nightclub and recently attempted to buy one. I love the bar business. But it is a time taker. And if you've never worked in a bar, from top to bottom, then you're going to be in for a big surprise. It is a high risk investment because it is a cash business with big liability. Insurance can kick your ass. But college kids--at least the ones in my area-- love to party and they typically have mommy and daddy's credit cards in which they are happy to overuse.
To put it in some perspective, I am in a big ten university town; the university here was once dubbed the number one party school. Our club's capacity was 650. In one year, we grossed over a million dollars. Doesn't sound like much? Well consider this: the owner ran dollar, fifty cent, and penny drinks. At those prices, imagine the volume. It was retarded!!! Now those drink specials-- and some other dumb shit that the owner did-- ended up costing him his license, but a college bar can be profitable. In the year I'm speaking of, the profit was over $500k.
If you know what you're doing, running and owning a bar can be great. Risky. Involved. But I would do it in a heart beat if I could.
I worked in and managed a college nightclub and recently attempted to buy one. I love the bar business. But it is a time taker. And if you've never worked in a bar, from top to bottom, then you're going to be in for a big surprise. It is a high risk investment because it is a cash business with big liability. Insurance can kick your ass. But college kids--at least the ones in my area-- love to party and they typically have mommy and daddy's credit cards in which they are happy to overuse. To put it in some perspective, I am in a big ten university town; the university here was once dubbed the number one party school. Our club's capacity was 650. In one year, we grossed over a million dollars. Doesn't sound like much? Well consider this: the owner ran dollar, fifty cent, and penny drinks. At those prices, imagine the volume. It was retarded!!! Now those drink specials-- and some other dumb shit that the owner did-- ended up costing him his license, but a college bar can be profitable. In the year I'm speaking of, the profit was over $500k.
If you know what you're doing, running and owning a bar can be great. Risky. Involved. But I would do it in a heart beat if I could.
E
EarthRider
Guest
r u in madison bro, great city
