Running a nightclub.
Discussion
Does anyone have any experience of this at all who could give me a few pointers?
I've seen what I think is an oppotunity to re-open a nightclub thats been closed for over 2 years.
The club itself was geographically isolated from other drinking and entertainment establishments, which I think was the main reason for it closing in the first place - too little foot fall. Well that and its old target audience of chavs.
However in the last 6 months, there has been a large amount of redevelopment and bars have opened quite close to it which seem to be doing incredibly well. My thinking is that with a facelift to appeal to the demographic that's drinking in the new bars (which all close pre 12:00), this club (3:00 am licence) could be the natural progression to end the night out, aswell as catering for the early evening crowds too as it's split down into distinct areas inside.
So, sounds good to me, apart from my complete lack of knowledge in this area. Running businesses, VAT, etc etc - I'm fine with and have no shortage of ideas for the club. The area I'm lacking in is running any kind of drinking establishment and the specifics of club management. I'm already in the mindset of employing a good manager, but again, you need to know your stuff to keep an eye on them too.
Like most businesses, I'm sure that there are 100 and 1 things you don't ever think about if you've never had the experience.
So, to any one out there, main pit falls and issues that would make this a complete non-starter? Or that are common traps to this kind of thing?
Any help or advice appreciated. It is only a thought at the momment, but it's one I seem to be spending a lot of time thinking about right now.
Thanks,
JC
I've seen what I think is an oppotunity to re-open a nightclub thats been closed for over 2 years.
The club itself was geographically isolated from other drinking and entertainment establishments, which I think was the main reason for it closing in the first place - too little foot fall. Well that and its old target audience of chavs.
However in the last 6 months, there has been a large amount of redevelopment and bars have opened quite close to it which seem to be doing incredibly well. My thinking is that with a facelift to appeal to the demographic that's drinking in the new bars (which all close pre 12:00), this club (3:00 am licence) could be the natural progression to end the night out, aswell as catering for the early evening crowds too as it's split down into distinct areas inside.
So, sounds good to me, apart from my complete lack of knowledge in this area. Running businesses, VAT, etc etc - I'm fine with and have no shortage of ideas for the club. The area I'm lacking in is running any kind of drinking establishment and the specifics of club management. I'm already in the mindset of employing a good manager, but again, you need to know your stuff to keep an eye on them too.
Like most businesses, I'm sure that there are 100 and 1 things you don't ever think about if you've never had the experience.
So, to any one out there, main pit falls and issues that would make this a complete non-starter? Or that are common traps to this kind of thing?
Any help or advice appreciated. It is only a thought at the momment, but it's one I seem to be spending a lot of time thinking about right now.
Thanks,
JC
Eric Mc said:
How do you know how well the newly opened bars are doing?
Have you seen their accounts?
Do you know what their premises and wages costs are?
Just observing people going and coming out of a business premises does not give you ANY indication of the business' viability.
As for running your own nightclub, you would have to do an awful lot of homework before working out whether it was a valid business opportunity or not.
Very good point Eric.Have you seen their accounts?
Do you know what their premises and wages costs are?
Just observing people going and coming out of a business premises does not give you ANY indication of the business' viability.
As for running your own nightclub, you would have to do an awful lot of homework before working out whether it was a valid business opportunity or not.
You're correct it IS an assumption. It's one based purely on my own and several others observations. They appear to be doing well as they seem to have a the balance right. It's once of the few bars I could go into with my wife and bump into my daughter with her mates too.
I agree I've got my homework cut out, which I've already started but didn't want to dive into if I got 30 replies going "Don't do it your mad!!!"
Cheers,
JC
Thank you ALL for some excellent replies - it's good to get different perspectives on things like this.
There is obviously a lot to think about here, and a HUGE amount of research to be done before even seriously contemplating this.
Thanks for all the comments so far. Its been very intresting reading.
Cheers
JC
There is obviously a lot to think about here, and a HUGE amount of research to be done before even seriously contemplating this.
Thanks for all the comments so far. Its been very intresting reading.
Cheers
JC
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