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How credited is it to OWN a restaurant/bar?
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Date: June 24th, 2012 10:46 PM Author: fluffy hyperactive casino And bartend at it. Credited way to meet girls? (http://www.autoadmit.com/thread.php?thread_id=1978769&forum_id=2#20951921) |
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Date: June 24th, 2012 10:48 PM Author: Dark Business Firm Ape fairly credited, but if you don't know the business you will almost certainly fail. (http://www.autoadmit.com/thread.php?thread_id=1978769&forum_id=2#20951933) |
Date: June 24th, 2012 10:47 PM Author: Sooty Beady-eyed Hissy Fit Place Of Business Work your ass off just to add to the like 80% 5-year failure rate. (http://www.autoadmit.com/thread.php?thread_id=1978769&forum_id=2#20951928) |
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Date: June 24th, 2012 10:49 PM Author: Indigo persian french chef I never got that stat. So what? 98% of people didn't get a 170 LSAT. The average XOer did. (http://www.autoadmit.com/thread.php?thread_id=1978769&forum_id=2#20951941) |
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Date: June 24th, 2012 10:50 PM Author: Dark Business Firm Ape wut (http://www.autoadmit.com/thread.php?thread_id=1978769&forum_id=2#20951945) |
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Date: June 24th, 2012 11:08 PM Author: Wonderful maize double fault bawdyhouse but dude, you can't just... work for yourself, bro.
*puff puff*
that's like... too hard, man.
*puff* |
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Date: June 24th, 2012 11:08 PM Author: Jet Appetizing Wrinkle u can still make bank for 5 years and close it when it becomes unprofitable (http://www.autoadmit.com/thread.php?thread_id=1978769&forum_id=2#20952102) |
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Date: June 24th, 2012 11:29 PM Author: Rough-skinned center shitlib That's the typical business cycle. Immediately start out by making bank and put in years of hard work while watching your sky high profits dwindle to nothing. (http://www.autoadmit.com/thread.php?thread_id=1978769&forum_id=2#20952283) |
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Date: June 24th, 2012 11:30 PM Author: Passionate Crackhouse (http://www.autoadmit.com/thread.php?thread_id=1978769&forum_id=2#20952293) |
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Date: June 24th, 2012 11:57 PM Author: yapping psychic lol (http://www.autoadmit.com/thread.php?thread_id=1978769&forum_id=2#20952549) |
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Date: June 24th, 2012 10:50 PM Author: Light queen of the night school cafeteria Would you name it using a series of punctuation marks? (http://www.autoadmit.com/thread.php?thread_id=1978769&forum_id=2#20951949) |
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Date: June 24th, 2012 10:57 PM Author: Indigo persian french chef PUMO actually sounds trendy AND cool bro (http://www.autoadmit.com/thread.php?thread_id=1978769&forum_id=2#20952032) |
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Date: June 24th, 2012 11:30 PM Author: Passionate Crackhouse Pumo would be a fucking great name. (http://www.autoadmit.com/thread.php?thread_id=1978769&forum_id=2#20952297) |
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Date: June 24th, 2012 10:58 PM Author: High-end Cuckold not that cr I'd imagine, have to work an absurd amount if you added bartending to it, you'd be there until 5 in the morning going over reciepts and inventory and shit (http://www.autoadmit.com/thread.php?thread_id=1978769&forum_id=2#20952034) |
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Date: June 24th, 2012 11:06 PM Author: umber swashbuckling shrine A classy bar would be nice. I'd hate to own an actual restaurant though. (http://www.autoadmit.com/thread.php?thread_id=1978769&forum_id=2#20952088) |
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Date: June 24th, 2012 11:08 PM Author: High-end Cuckold basically being sam malone would be great (http://www.autoadmit.com/thread.php?thread_id=1978769&forum_id=2#20952101) |
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Date: June 25th, 2012 12:00 AM Author: umber swashbuckling shrine Yeah, that would be nice.
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Date: June 24th, 2012 11:11 PM Author: Excitant property Is a bar an easier business than a restaurant? The markups on liquor are high, and I rarely see bars close down. OTOH I can think of a million things that would be a pain about it. (http://www.autoadmit.com/thread.php?thread_id=1978769&forum_id=2#20952133) |
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Date: June 24th, 2012 11:14 PM Author: Concupiscible sticky abode water buffalo Greetings,
1. love the moniker
2. bar are pretty cool to own, just get good insurance coverage. and dram shop laws are very owner friendly. get a closed circuit camera system if you really want to cya. sit back enjoy, get wasted everyday while you bartend, and bang a bunch of chicks in your back office |
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Date: June 24th, 2012 11:14 PM Author: adventurous mad cow disease it's super easy bro. i don't know why you aren't doing it right this fuckin minute. (http://www.autoadmit.com/thread.php?thread_id=1978769&forum_id=2#20952170) |
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Date: June 24th, 2012 11:16 PM Author: Excitant property Cause I've got bigger plans:
http://www.xoxohth.com/thread.php?thread_id=1978786&mc=2&forum_id=2 |
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Date: June 24th, 2012 11:11 PM Author: Concupiscible sticky abode water buffalo pretty credited, and you can bang the bartenders too (http://www.autoadmit.com/thread.php?thread_id=1978769&forum_id=2#20952138) |
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Date: June 24th, 2012 11:14 PM Author: Indigo persian french chef What kind of start up capital required for opening a bar is a decent area Ina primary city? (http://www.autoadmit.com/thread.php?thread_id=1978769&forum_id=2#20952163) |
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Date: June 24th, 2012 11:15 PM Author: adventurous mad cow disease not too much. who cares? you make it back in the 1st year anyway (http://www.autoadmit.com/thread.php?thread_id=1978769&forum_id=2#20952176) |
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Date: June 24th, 2012 11:15 PM Author: High-end Cuckold I've got to imagine rent is fucking absurd (http://www.autoadmit.com/thread.php?thread_id=1978769&forum_id=2#20952177) |
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Date: June 24th, 2012 11:54 PM Author: Concupiscible sticky abode water buffalo do it in a college town bro (http://www.autoadmit.com/thread.php?thread_id=1978769&forum_id=2#20952529) |
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Date: June 25th, 2012 4:49 PM Author: blue field azn Figure 100-200K for liquor license alone. (http://www.autoadmit.com/thread.php?thread_id=1978769&forum_id=2#20955608) |
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Date: June 25th, 2012 5:03 PM Author: Jet-lagged ceo rigpig Greetings, TX liquor license is under $7K/yr. |
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Date: June 24th, 2012 11:16 PM Author: adventurous mad cow disease In fact, dooberstein shoud just own a restaurant. Biglaw money, w/o ever having to outline for torts. (http://www.autoadmit.com/thread.php?thread_id=1978769&forum_id=2#20952187) |
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Date: June 24th, 2012 11:23 PM Author: Indigo persian french chef Why don't more senior associates who wash out of Biglaw with 300-400k in savings just do this? Seriously. This sound highly credited if your 33 and didn't make partner. (http://www.autoadmit.com/thread.php?thread_id=1978769&forum_id=2#20952237) |
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Date: June 24th, 2012 11:31 PM Author: anal sienna really tough guy (michael clayton) (http://www.autoadmit.com/thread.php?thread_id=1978769&forum_id=2#20952305) |
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Date: June 24th, 2012 11:32 PM Author: Passionate Crackhouse True. (http://www.autoadmit.com/thread.php?thread_id=1978769&forum_id=2#20952310) |
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Date: June 24th, 2012 11:59 PM Author: yapping psychic lol, this is my situation. no way should you sink your life savings into a biz that almost always fails and which you know nothing about. odds are you'll be 5 years older, totally broke, with a ruined resume. (http://www.autoadmit.com/thread.php?thread_id=1978769&forum_id=2#20952571) |
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Date: June 25th, 2012 12:02 AM Author: Dark Business Firm Ape bars are better investments than restaurants. also most places fail because the owners are morons. (http://www.autoadmit.com/thread.php?thread_id=1978769&forum_id=2#20952599) |
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Date: June 25th, 2012 12:05 AM Author: yapping psychic well, you should work in a couple bars for a year before you give it a shot. (http://www.autoadmit.com/thread.php?thread_id=1978769&forum_id=2#20952625) |
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Date: June 25th, 2012 12:06 AM Author: Dark Business Firm Ape completely agree bro (http://www.autoadmit.com/thread.php?thread_id=1978769&forum_id=2#20952628) |
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Date: June 24th, 2012 11:24 PM Author: saffron thirsty candlestick maker not at all. restaurants/bars are financial time bombs. (http://www.autoadmit.com/thread.php?thread_id=1978769&forum_id=2#20952245) |
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Date: June 24th, 2012 11:25 PM Author: High-end Cuckold honestly though, this is a much better idea outside of a decent city, go to some growing small town and set up shop and you can have a lot more stability if you don't fuck up the entry (http://www.autoadmit.com/thread.php?thread_id=1978769&forum_id=2#20952257) |
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Date: June 24th, 2012 11:34 PM Author: saffron thirsty candlestick maker i dunno man. i'm from a small town and the turnover on mom and pop stuff is incredibly high. there are a handful of restaurants that have been around for 50+ years and about 10x as many that have failed within 5 years. it's not a good business to be in. you're better off franchising a taco hell or some shithole like this. (http://www.autoadmit.com/thread.php?thread_id=1978769&forum_id=2#20952336) |
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Date: June 24th, 2012 11:58 PM Author: High-end Cuckold I'm talking just a bar, I'm from a smallish town, and up until about 10 years ago there were no non shady bars, the few that have opened up have been in business for over a decade with no signs of slowing down, they're just literally all that's available (http://www.autoadmit.com/thread.php?thread_id=1978769&forum_id=2#20952563) |
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Date: June 25th, 2012 12:00 AM Author: Dark Business Firm Ape finding the right market is key. most places have a shitload of competition (http://www.autoadmit.com/thread.php?thread_id=1978769&forum_id=2#20952576) |
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Date: June 25th, 2012 2:36 AM Author: soul-stirring orchestra pit background story Saw the same thing in the Poortown, USA where I grew up. There was a bar on the main street that was originally called something like Dave & Al's that would close down every two years or so and open up again as Dave & Jim's or Dave & Dan's. Dave owned the property and would convince some other guy he could run a bar after the previous guy failed. There were a few places that were around for decades, but a lot more that we're revolvIng doors of failed mom and pops. It's probably grown a lot harder with the proliferation of outdoor malls full of chain casual dining restaurants. (http://www.autoadmit.com/thread.php?thread_id=1978769&forum_id=2#20953371) |
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Date: June 24th, 2012 11:33 PM Author: Passionate Crackhouse Now the guy's got Paulie as a partner. Any problems, he goes to Paulie. Trouble with a bill, he can go to Paulie. Trouble with the cops, deliveries, Tommy, he can call Paulie. But now the guy's got to come up with Paulie's money every week. No matter what. Business bad? Fuck you, pay me. Oh, you had a fire? Fuck you, pay me. The place got hit by lightning, huh? Fuck you, pay me. Also, Paulie could do anything. Especially run up bills on the joint's credit. And why not? Nobody's gonna pay for it anyway. And as soon as the deliveries are made in the front door, you move the stuff out the back and sell it at a discount. You take a two hundred dollar case of booze and you sell it for a hundred. It doesn't matter. It's all profit. And then finally, when there's nothing left, when you can't borrow another buck from the bank or buy another case of booze, you bust the joint out. You light a match. (http://www.autoadmit.com/thread.php?thread_id=1978769&forum_id=2#20952324) |
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Date: June 24th, 2012 11:59 PM Author: Dark Business Firm Ape I'm probably the only person here who has actually owned both a bar and restaurant. Owning a restaurant is way more of a pain in the ass as far as daily bullshit and thin margins but bars have far more potential to ruin you because of drunk driving deaths, fights, theft, etc.
If you don't have experience working in a bar or restaurant you will not survive unless you're very lucky. |
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Date: June 25th, 2012 12:00 AM Author: High-end Cuckold you can't get good enough insurance to avoid drunk driving issues? (http://www.autoadmit.com/thread.php?thread_id=1978769&forum_id=2#20952577) |
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Date: June 25th, 2012 12:02 AM Author: Dark Business Firm Ape insurance is an absolute must, but it's expensive as hell, and lots of guys have still been ruined after they get sued for 10 million dollars or whatever. (http://www.autoadmit.com/thread.php?thread_id=1978769&forum_id=2#20952595) |
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Date: June 25th, 2012 12:46 AM Author: Concupiscible sticky abode water buffalo what if you have a mandatory i.d. checking policy,
as i was typing "and you don't serve anyone who is visibly drunk" , i realized how that is a problem if you own a bar |
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Date: June 25th, 2012 12:49 AM Author: Dark Business Firm Ape yeah, the problem is that most of the time you want to serve the visibly drunk because if you didn't a) people would get pissed off and not come back b) if you stop serving drunk people you don't have the cash to operate; the entire game is based on serving drunk people c) it's still a he said she said situation where they claim they were overserved and you say they weren't. (http://www.autoadmit.com/thread.php?thread_id=1978769&forum_id=2#20952932) |
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Date: June 25th, 2012 12:15 AM Author: drunken lemon address Seems awful. (http://www.autoadmit.com/thread.php?thread_id=1978769&forum_id=2#20952699) |
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Date: June 25th, 2012 4:57 PM Author: Jet-lagged ceo rigpig Greetings, (Furious pro-Rick's trolling) |