Opening a night club

[JKansas]

I am not shooting down the idea of a night club. I agree that at this point in your life it is not necesarily the best option. They can be profitable, but are much more complex than people think. Your responses show a great mindset, you're inquisitive and not sensitive or argumentative. If you have any ins with a club owner now, volunteer your time as an apprentice and be his assistant one night per week. If you don't have inns then become a doorman. You will learn a lot about each individual aspect of running a club that most people don't see. If this is really a passion for you then give up that one night a week. You will have to stay sober and work, but I guarantee you willl still have fun and still meet beautiful women (they all love a guy that can get them!). If you do this while focusing on real estate, in relatively short time you will be much better prepared to start your own club!

P.S. I would be very skeptical about buying a club, I would start your own. Most club types are less brand oriented and more oriented to the atmosphere and crouds. Liek someone else said, find a location, serve yoru clientelle and run a smart club and it can be done.

[RussianMV]

Thank you very much for the replies. I have been studying real estate for the last 3 days and have taken over 10 pages of notes. I have a couple of questions on real estate I may ask in another section of this website. Thank you for the tip to real estate, I am enjoying it.

Я люблю капитализм!

[david.delaney]

I read this blog and it really interested me! Maybe RussianMV you should just take a look at it! I know I learnt a lot!

David

[Parvaze]

Although I've built and ran a number of successful businesses I'm a high school drop out. If I had it all to do over again, I would have taken some business classes rather than learning on the fly as I would have gotten much further much quicker. So regardless of what you do with your money, get a thorough grounding in business basics before you write that first check. Good luck!

[nagaraj43]

Hi everyone..The Thread is really a nice one. I read this thread bcoz I am also in the idea to start a night club.

And to RussianMV, please don't hire any lawyers to do your process because being a business man you need to know some legal stuffs too..So get suggestions if you need from lawyers and be sure to complete the legal stuffs by yourself because you're just 19 so yu may start others business in future these work experience will help you in making your future better one. All the best.

[JKansas]

I highly disagree with nagaraj (respectfully of course). While I do think you need to be involved in the creation of legal documents... they are vitally important when considering a night club. Everything from how you hire workers (contractors, employees, etc.) to dress codes, etc. If an employee is shot is that a risk he faced by working there or is it a risk you placed on him? Does your dress code intentionally discriminate against minority groups? Do you have adequately trained security that know what is legal and what is assault? If they assault someone then are you to blame or are they as an independent contractor? These are all questions I have seen go to court for answers! Whether you are right or wrong, win or lose, every hour in court is more money out of your pocket and more bad reputation for your club. In my opinion having an experienced lawyer walk you through policy and procedure is the best option and a worthwhile expense!

[NevaInc]

First, don't touch your money. Put it in a savings account for two years, and then get a job in a night club. Learn from those that run night clubs. See if anyone would hire you as a manager of a night club. Assuming that you open up a night club today, without any managerial/supervisory experience, it will likely fail.

[akula]

Thank you very much for the replies. I have been studying real estate for the last 3 days and have taken over 10 pages of notes. I have a couple of questions on real estate I may ask in another section of this website. Thank you for the tip to real estate, I am enjoying it.

Я люблю капитализм!

sure..real estate is interesting..i'm in this line of work at the moment
i hope you do well

[Parvaze]

nagaraj43 - Sorry to disagree, but I think you are giving very bad advice suggesting to any business owner not to engage an attorney as not doing so could cost thousands (and in some cases hundreds of thousands) of dollars by not getting things done the right way.

RussionMV - You have a decent bankroll so explore other opportunities in addition to real estate. For example, I've started and built multi-million dollar companies in the medical field with far less than the $300K you have available. By the way, I'm not suggesting doing anything directly with patients but partnering B2B with physicians to develop revenue streams. Drop me a note if you have any questions. Good luck in your ventures!

[david11]

Hello


On a typical Saturday night, Gregory Bowyer can be found moving swiftly and inconspicuously through the crowd at Excalibur, his year-old nightclub. While he's checking on operations and making sure his clientele is happy, hip-hop and R&B beats swell the air. And the number of young club-goers sipping mixed drinks and hitting the dance floor grows by the hour.

Patrons arriving at the Washington, D.C., hot spot are welcomed by medieval decor. There's a knight's full coat of arms, and replicas of King Arthur's legendary sword--the namesake of the lounge--adorn the walls and ceiling of the 2,200-square-foot space. Excalibur is the top floor of The National Grill, Bowyer's three-level restaurant, bar, and lounge. By day, customers can dine on classic American fare as they sit amidst walls decorated with pictures of area landmarks. When the sun goes down, the clientele head upstairs for the nightclub experience.

Business is solid. Bowyer's establishment generated $350,000 in revenues in 2004 and he anticipates generating $500,000 in 2005. But success has not come to the 33-year-old entrepreneur without a lot of hard work and long hours. "This isn't the type of business where you sit home and wait for a check to come to you monthly," he says. "You have to be involved on a daily basis with the intimate details of it--down to cleaning the bathrooms and shellacking the floor. There's no time to be hands-off, so your heart really has to be in it."

Thanks

[Southern_Lenders]

Nice read, but how many more years before his club is no longer the "cool place" to be? These clubs also have to be in good locations. I wonder how high his monthly costs are.

[JohnGalt]

If I has a night club I would make it unique and promote the hell out of it for a few years then after making a little money shut it down and redo the same thing all over again. Most clubs have a shelf life and trying to run a club for 10-20 years is probably not the most profitable plan. Pump and dump, repeat.

[CarlosMRubio]

If you want to know that, Go with the owner of one night club there and ask him what did he do.

I want to open a Night club too, because its a good bussines!

I think that on internet you'll find usefull things, but the experience is more important, so go with one owner of a night club, and find a partner to do this.

Good Luck and see you in the top!