I’m in a major market. Cheapest existing rooms without the liquor license sell for $75000+. Larger rooms start at $300k.
I’m a serious pool player who used to be a very successful nightclub promoter.
I’d target 80% groups of friends drinking and shooting and 20% serious players and league players.
My strength is getting bodies in and getting them to come back. My weakness is all the paperwork / permits nightmare that goes into running a brick and mortar.
Question: assuming zoning is not an issue would it be smarter for me to just lease an empty warehouse and buy a beer and wine license for now instead of buying an existing room? I don’t care about their existing clientele if it comes with a 300k price tag. I can pack a place for cheap. I’m thinking as many used valley boxes as I can fit ( at least 10 ) and 1 or 2 9’ diamonds.
Any advice aside from “it’s very risky, it’s very hard, you have no idea what you’re signing up for” will be greatly appreciated.
I’m a serious pool player who used to be a very successful nightclub promoter.
I’d target 80% groups of friends drinking and shooting and 20% serious players and league players.
My strength is getting bodies in and getting them to come back. My weakness is all the paperwork / permits nightmare that goes into running a brick and mortar.
Question: assuming zoning is not an issue would it be smarter for me to just lease an empty warehouse and buy a beer and wine license for now instead of buying an existing room? I don’t care about their existing clientele if it comes with a 300k price tag. I can pack a place for cheap. I’m thinking as many used valley boxes as I can fit ( at least 10 ) and 1 or 2 9’ diamonds.
Any advice aside from “it’s very risky, it’s very hard, you have no idea what you’re signing up for” will be greatly appreciated.