What's the downside to owning a nightclub? >Make huge

liquor license and competition, essentially.

The downside is that it is a food/beverage industry which had bad stats for many reasons.

High overhead, employee theft, liability for intoxicated patrons, remodeling costs every few years to stay 'cool', the list goes on and on.

>>1653741

>representatives from the mafia come and ask if they can place some dealers in the club to sell drugs
>you decline
>they break your legs
>you agree

>>1653754
overhead meaning what specifically in this case

You're dependant on buzz. If you open, you're the hot new location. A year later someone has the same idea and opens next door. What now?

Unless you achieve cult status it's a business that peaks early and then declines steadily until you close or refurbish for a huge investment. That's why prices and profits are so high - you have to amortize in less than 3 years or you never will. Running costs stay the same regardless of how many people show up.

Also, you have to deal with drunk idiots all the time, invest heavily into security and fire code compliance and still if some shithead high on bathsalts and coke decides to cause a panic, light a fire or shoot the place up your reputation will be ruined.

The downside is the corruption on all sides.
It's a very thin line.

>>1653762
I mean rent for a huge club. In a popular party of the city, this can be your largest single bill

>>1653741

seasonal asf plus tremendous risk

distribution of controlled substances
money laundering
firearms

>>1653741
Have fun being in perma startup mode. Working to death is fun when you first start but what about 5 years later?

Also what this guy said
>>1653770

>>1653758
>mafia comes and ask if they can place some dealers in the club to sell drugs
>tell them yes
>your place becomes the hip new drug place and the mafia cuts you a check
>profit?

A nightclub is exemplary of the boom-bust cycle. Good luck getting a substantial return on your investment while handling your drug-addled party-child staff.

>>1653741
One major downside is you actually have to be there. Lots of cash touching lots of hands before it gets to you, and everyone wants a piece.

Nightclubs seem like a very hands-on business , like the restaurant industry.

>>1653741

Don't try to run a nightclub, try to run a night at an existing club.

If you can't succeed at that, you certainly won't succeed at running a whole club.

Also you're up against the fact that nightclubs are closing down all over the place at the moment due to the fact that everybody just stays in on the internet instead.

You picked the wrong decade, friendo.

You could try organising ad hoc events in warehouses etc and use social media to get it out there, this seems to be the done thing in London these days but it's not easy at all and I'd be amazed if people make any fucking money at all with it.

If you are in the United States you can be held liable for allowing a drunk patron to drive home if he kills someone on the road.

File: 618z3y0uUbL.jpg (105KB, 658x1000px) Image search: [Google]

105KB, 658x1000px

>>1653741
you need to read pic related

>>1653889
t. someone who doesn't have a social circle

>>1653741
Fires, Muslims with semi-automatic weapons, hearing loss from loud music, bad XTC, etc.

>>1653741

> What's the downside to owning a nightclub?

Um everything.

I think the only ones that make money are mob-tied ones that use the business to launder mob money.