BeerDome

It’s accurate. Never, ever buy a bar. Remember, this is coming from a family that owns a bar, Never, ever buy a bar.

Too easy to lose money.
1. There are too many bars. So there isn’t much room to grow your business.
2. ALL of your bartenders/maids are stealing. Either not ringing up sales and pocketing the money, giving away free drinks, taking glasses, neon signs, stage lighting, etc. (Its even worse if you hire someone who has bartended in the past, they’ve had time to learn how to do it so they can continue stealing longer.)
3. You’ll probably end up giving away too many free drinks. Most bar owners put themselves out of business this way. Might be able to survive 1 or 2 above, but this one kills most bars. (Seriously, start regularly going to a non-franchise bar. The owner is likely the drunk guy at the end of the bar giving out free drinks)

Comment by JOHN — March 27, 2007 @ 10:30 pm