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Alcohol costs a lot of money
Posted by: vision63
Date: June 07, 2019 03:29PM
I don't drink at all. Not even a little bit. I won't even eat food that they say has been prepared with alcohol.

So I had to meet some acquaintances at a bar because that's where they were. I've eaten at places that have bars but I've probably only been inside a BAR bar probably less than 10 times in 60 years.

The waitress/server/whatever she is asked me what I wanted and I ordered a Pepsi (no pepsi - coke). That was $7 dollars. I didn't pay for it because one of my colleagues bought the round.

We chitted and chatted a bunch while "soccer" was on the tv. They kept talking about the game like I knew about some foreign team that they inexplicably care about. I'm like "You're not even FROM there." Anyway,

Everybody ordered more drinks and I offered to pay for that round. $107.00!!!!!! !!!!!!! !!!!!!!

I was cool. I gave the woman my card + two sawbucks. Drank my no pepsi - coke, laughed it up with my friends, and eventually picked my jaw up off the floor and went home thinking,

I'm in the wrong business.

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Re: Alcohol costs a lot of money
Posted by: deckeda
Date: June 07, 2019 03:54PM
Booze does cost a lot of money. It's why I had to give up those $7 glasses of diabetes. Took me a long time to learn not to mix drinks. Such a waste.
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Re: Alcohol costs a lot of money
Posted by: hal
Date: June 07, 2019 03:57PM
Bars cost a lot of money. I can buy a gallon of alcohol for $9.
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Re: Alcohol costs a lot of money
Posted by: vision63
Date: June 07, 2019 04:11PM
I do like Wine culture. I enjoy vinyards, Love Sonoma, Napa etc, but food is such a huge part of that environment that it's easy for me to blend into it (yes I blend).
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Re: Alcohol costs a lot of money
Posted by: Ted King
Date: June 07, 2019 04:14PM
Looks like it could be a solid income maker if you know what you are doing, have a $100,000 to sink into the bar before seeing any income and can get the right location:

Investopedia

Quote

Economic Bottom Line

From a profit and loss perspective, to run a successful small to average bars, it costs around $110,000 initially to rent and prep a place for operations. Approximately $4,500 is needed for a liquor license, and along with smaller costs for permits and insurance, it is safe to assume a total of $5,000 is needed. The amount of $6,000 is required for inventory, bringing the total cost, prior to operation, to roughly $121,000.

Once the bar is open for business, an owner must spend $13,000 on staff, $6,000 on rent and a small amount on utilities and miscellaneous monthly purchases, bringing total monthly costs to $20,000. This does not include inventory replenishment, which can be done periodically for a smaller amount than the initial $6,000.

This means an average bar has monthly revenues of $25,000, monthly costs of $20,000 and monthly profits of $5,000. With an initial investment of $121,000, a bar owner can expect to pay himself or his investors back in a little over two years. However, these numbers are all based on averages and do not take into account the sweat equity needed to start and run a successful bar.
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Re: Alcohol costs a lot of money
Posted by: vision63
Date: June 07, 2019 04:43PM
Quote
Ted King
Looks like it could be a solid income maker if you know what you are doing, have a $100,000 to sink into the bar before seeing any income and can get the right location:

Investopedia

Quote

Economic Bottom Line

From a profit and loss perspective, to run a successful small to average bars, it costs around $110,000 initially to rent and prep a place for operations. Approximately $4,500 is needed for a liquor license, and along with smaller costs for permits and insurance, it is safe to assume a total of $5,000 is needed. The amount of $6,000 is required for inventory, bringing the total cost, prior to operation, to roughly $121,000.

Once the bar is open for business, an owner must spend $13,000 on staff, $6,000 on rent and a small amount on utilities and miscellaneous monthly purchases, bringing total monthly costs to $20,000. This does not include inventory replenishment, which can be done periodically for a smaller amount than the initial $6,000.

This means an average bar has monthly revenues of $25,000, monthly costs of $20,000 and monthly profits of $5,000. With an initial investment of $121,000, a bar owner can expect to pay himself or his investors back in a little over two years. However, these numbers are all based on averages and do not take into account the sweat equity needed to start and run a successful bar.

That doesn't sound so bad. I woud definitely want live music in my bar sometimes.
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Re: Alcohol costs a lot of money
Posted by: neophyte
Date: June 07, 2019 06:28PM
And late nights. If you don't have a trustworthy manager, you gotta be there to close and take possession of the daily loot.
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Re: Alcohol costs a lot of money
Posted by: DeusxMac
Date: June 07, 2019 06:47PM
...and the “one for the road” “last call” drunks. drool smileybarf smiley
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Re: Alcohol costs a lot of money
Posted by: Speedy
Date: June 08, 2019 06:56PM
Strippers, too.



Saint Cloud, Minnesota, where the weather is wonderful even when it isn't.
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