Im thinking about opening a club.

[s14sr20det]

Lately I've been thinking about opening a club, me and my girl are thinking about moving to Miami Florida before next summer (like May 2004), Ive been saving money for quite a while now, and I dont know how to spend it, so I might as well invest it.Ive been reading alot about clubs, business, managment and such.My friend (who I grew up with) wants to be partners with me, so right now Im debating if this worth the risk, the club will either be a success or a failure.Just thought I'd share.

[UncleBen]

why dont you buy some more cars and start a car collection. build a huge garage and charge admission to people to come and look through them all. even have a few cars people can take out on a road course you build, but of course that would cost alot extra.

[s14sr20det]

I was being serious.

[UncleBen]

well. i partly was. that would be awesome if you could do something like that, for real. but i'm not into the clubin thing, so good luck or whatever.

[s14sr20det]

well. i partly was. that would be awesome if you could do something like that, for real. but i'm not into the clubin thing, so good luck or whatever.

Your idea is nice and all, but I doubt I can spit out millions of dollars :PThe club on the other hand is something I can do, all I need is a down payment and a loan (from a bank).

[slw240sx]

a club in maimi from a person out side the city and new to club managment and owner ship , no offense but it will flop, the scene thier is cutthroat and really really compative you would need upwards a million dollars to get it off the ground and able to pull in the crowds ! if you give me 100,000 ill open up a performance shop for yah! and pay myself 1000$ weekly and the rest we can split some how !

[MetaOrbit]

Your idea is nice and all, but I doubt I can spit out millions of dollars :PThe club on the other hand is something I can do, all I need is a down payment and a loan (from a bank).

It sounds like a good idea, but my experience with the longevity of clubs is not great.

I am by no means an expert, but it seems to me (at least the clubs I've been to, and around) never seem to stick around that long. They either go out of business or change ownership quickly.

That's not to say there are clubs that do well, just saying it might be harder to do (long-term) than it seems.

[s14sr20det]

Everything is possible if you put your mind to it and work hard enough.

[MetaOrbit]

Everything is possible if you put your mind to it and work hard enough.

Absolutely. If you want it bad enough, go for it. I'm simply stating my experience (or, lack thereof) :peace

[OneFastStanza]

Yeah most clubs tend to be trendy meaning they are hot when they are all new but after about a year they fade off cause noone goes to the old clubs anymore. Unless you plan on remodeling frequently and make things fresh I think you won't last long cause most clubs don't tend to last long. If you decide to open one I wish you the best but it is a hard industry to break into.

[s14sr20det]

I guess Ill have to look into it more.

[Anand]

It would be easier and better to own a mid to high end bar... I wanted to do taht for a long time now... and still might... I looked in to it throughly... it's all abotu location and the crowd that you want... you have to plan that out way before you even put the plans on paper....i've been thiking of this for the past 4 years now and I am no way close to even start looking at places and things.. you need to do research on that as well....

go talk to the owners of the clubs/bars... check out the crowds... locations... legality... licenses.... check with the city with all the codes.. that is a biggie... make sure you do everything right... go get the city code booka nd read it till youhave it memorized...you'll be surprised at what you can and can not do...

[s14sr20det]

Im very active in Chicago club scene, I have VIP to few clubs in my area (Crobar, Excalibur & Transit), Im friends with alot of resident DJs, and the thing is that this type of business has a huge potential of $$$, so Im going to look in to it alot more, I'm going to call around and talk with with club owners I know to see what they have to say about this.

[AZhitman]

Just the first years' liability insurance alone requires one to have significant financial backing.

I don't like to trample people's dreams, but if you don't have at least seven figures in the bank, it ain't happenin'.

[s14sr20det]

Just the first years' liability insurance alone requires one to have significant financial backing.

I don't like to trample people's dreams, but if you don't have at least seven figures in the bank, it ain't happenin'.

Thats where you come in with another $500,000 to back me up Seriously tho, my best friend has money too, so its not only me.

[Anand]

if you have the money to do it.... go for it... I would actually say...start small and then go big... once you have experience owning and dealing with small businesses then you can manage a big one.... but again.. that's me... good luck with your venture!

[s14sr20det]

if you have the money to do it.... go for it... I would actually say...start small and then go big... once you have experience owning and dealing with small businesses then you can manage a big one.... but again.. that's me... good luck with your venture!

I have no experience in managment at all, I might enroll into business classes.

[AZhitman]

Thats where you come in with another $500,000 to back me up

No chance - After you spend some time in biz class, you'll agree. Plenty of much better ways to invest $500K.

One of the first on my list would be buying a Subway franchise....

[s14sr20det]

Im just sick of my job, i want to do something new, i want something that will make me MORE money, so I can stop working alltogether at around age of 40.A bar doesnt sound bad either.

[AZhitman]

Start small - Use your expertise in WHATEVER area to start something that you can do on the side (like out of the garage/basement).

That's how 90% of successful businesses started (those that weren't coming from big money in the first place).

I have generated a nice little side income from proofreading/copy editing. No overhead, pure profit, and I set my own hours. Lots of demand, and if I don't want to work, I don't answer the phone or return the calls.

[Anand]

business classes will only help you so much...trust me... like i said...i've been looking for the right business for a while... you need... around $300,000 for a subway... $60k of wich has to be cash... the other a loan... the only problem with that is that here in cali we have a subway at every corner and there is a one year waiting period to get a location.. man... i tell ya... once you actually want to do things...you will come across all kinds of problems... if you have the money and want to start within a year... you are looking ar atleast 1-2 years for you just to get set up ..after that you can start and then depending on if you go with a franchise or go on your own.. building a clientel... that if it's not a franchise .. you are looking at 3rd year to break even and then on profit.. I've seen it work with less time and i've seen it work with more time... but that is an average for you to make a profit off a restaurant/club/bar thingy..

[Anand]

restaurants are a big hassle... especially here... it takes a while before you buil up those customers for you to make the profit... 60% of the restaurants close within the first 3 years of opening because they make the money...

from what I have learned and found out... if your restaurant makes it past the 3rd year mark...with a very minimal loss.... you are probably going to make it...

[UncleBen]

AZ, i work for Scrubway. You would make a crap load of money if you owned a Scrubway. My bosses own like 7, and live very very comfortably to say the least. Just dont be an arsehole of an owner like they are. It will make your employees more inclined to do a better job. Take it from me

[pgt892]

I don't know what your views on the matter are, BUT, you would be better off opening a strip club/cabaret than a dance club UNLESS you have a lot of experience in the latter. There is potential to make a lot of money and there are TONS of women waiting in the wings to dance and obviously the demand is there from the men. Just another idea.

[s14sr20det]

Quiznos makes 100x as much as Subway does, Quiznos subs are SOOOO much better.But Im talking about something that I would enjoy too, and strip club doesnt sound bad either.

[pgt892]

But Im talking about something that I would enjoy too, and strip club doesnt sound bad either.

You can seriously make MAD amounts of money with a strip club. Plus, when you are talking to owners of other clubs, making connections etc... You can go to all the strip clubs you want as RESEARCH!

[s14sr20det]

There is a Crazy Horse strip club in Chicago, I know the owner of that joint, the club is tight and the guy makes piles of cash daily.

[PalmerWMD]

Owning a strip[ club would be so cool

My life's ambition is to own 3 businesses at same time:

A strip club, a gun shop and a luxury car dealership (preferable Infiniti)

Fred..

[Anand]

Quiznos makes 100x as much as Subway does, Quiznos subs are SOOOO much better.But Im talking about something that I would enjoy too, and strip club doesnt sound bad either.

it's funny you should mention that.... I was looking into that as well.. My friend is actually in training at their head quarter for a manager... He is 2nd in line to buy one... 6 months after he opens his He and I will open up one together...or atleast try to... Quizno's has a better waitlist for them and is one of the top entrapernuer companies to go with....just go online to their website and get the info.. they will send you the packet and you can go through it...

[s14sr20det]

I rather stay in the "club" scene, something like strip club, night bar club maybe even a resturant.