I'm 19 and me and my friend really wanted to get into the night club business, How do I start??

Question

my friend is majoring in business finance and im a great entertainer and an incredible people person. We already know some people to help us get started. We have the money end of it pretty much taken care of, but we need a ballpark loan amount to work with. We are not planning on owning an actual club yet we just want to rent somewere out for like two days a week, like a restaurant or something. Its been our dream for a while and we really want to go through with it. Any help or ideas are welcome.

thanks

Answer 1

Many local restaurants/bars do rent to club hosted events. Yes, they may be skeptic for such a youngster to be prospecting their place, but money talks and it is all about how you sell yourself. For the drink license, the location that will be providing the alcohol will be liable for that. As far as security goes, some owners may require a specific security company to be hired which may be costly. Try and provide your own security.

Basically you want to rent a space out for a huge party, except you will have a cover charge.

Answer 2

I'm not sure how you plan to have a nightclub (that would presumably sell alcohol) at the age of 19.

Liquor licenses are expensive (sometimes several thousand dollars, depending on your state and how many people you intend to serve) and then there is the matter of insurance, which is even more expensive when you serve alcohol. No matter what, you will not be approved for license until you're 21. Not to mention that it will be difficult to find someone to rent you space for that purpose when you have no experience, you're young and the failure rate is very high for that type of business. Property managers are not going to risk losing money just because you believe it will work.

You should start with a different type of business. I know this is not what you want to hear, but I've got to be honest.

Answer 3

If you've never worked in the Food/Beverage/Entertainment industry, I'd suggest you find someone who currently is to apprentice yourself and learn from them, even if you have to work for free. There's no substitute for actually getting your hands dirty and seeing what it is like on a day-to-day basis. It's not all fun and games like you'd think.These types of establishments have the highest rate of failure of all small businesses - sometimes it's just not enough to have an academic education or to be a "people person", you gotta live it to know how it is. As for your start-up capital requirements - these types of places usually have a relatively high up-front small business investment requirement - $50K or greater. This money is going to help you with the prep for the opening and then to carry your business operating expenses through your first years, which will be lean profit-wise, I guarantee you, especially if you borrow from a bank. Contact your local Small Business Administration office for more info or go to www.sba.gov

Answer 4

Confused here ,
You said you "had the $$$ end pretty much take care of " ,
The you are asking about a loan ?

Loan means you Don't have the $$$ taken care of .

And 2 days a week ?
Maybe approach some club having financial difficulty and see if they will sublet to you .
( this is a long shot because you sound 110% unprepared and clubs are Real business , that require Real $$$$$ and NO daydreamers )

>

Answer 5

I had a one night time stand...No ingesting worried in any ingredients...I used to be rather interested in that man,he felt the identical manner..Anyways it used to be gonna occur,certainly!It used to be only one night time,and after that,the whole lot died.I do not see him the best way I used to,identical factor with him..After all,he did not have whatever targeted..But I do not remorse it despite the fact that...He made me rather glad at the moment...

Answer 6

People, don't forget only in the US do you have to be 21 to drink. Not all people here are from the US!