Thinking about opening a sports bar....

DrBanneker

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Figthing borg at Wolf 359
Strip malls aren't exactly the wave anymore.
Malls are barely getting any business these days. Everything is about convinence and less time.

Buying a strip mall would be a really bad investment.

This. If you buy a bad one too, you will just have revolving tenants who can't pay the rent more than 6 months at their location and then you have to evict, clean, lease again etc. Unless you have a hugely profitable anchor in there or some good tenants on long leases or long history, be careful.
 

DrBanneker

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Figthing borg at Wolf 359
:whoa:Focus breh.
You are already setting yourself up to fail by doing too much.

I agree...FOCUS. When I lived in Rochester, I knew a breh who owned a couple of sports bars and a liquor store. The liquor store was so easy and steady he let his daughter run it. The sports bars stayed having problems from bad customers, bad employees, to regulations. They can be hard businesses to run.

Restaurants are management intensive so you need to be there all the time and even on off times to receive in food, liquor, do inventory, do books, etc. I run a food manufacturing business and I also warn you to be on top of health regulations and train your employees in them well. I pass my inspections but a lot of local people get hit for improper procedures, malfunctioning equipment, no employee training, etc. Liquor regulations vary too.

Hiring restaurant employees can be a bytch since you need someone not only courteous and hard working but will SHOW UP FOR WORK ON TIME.

I think you know all this since you used to work at a bar. My question for you is have you written a business plan, defined your customer base, estimated how many seats you will need, and evaluated local competition?
 

BrokePhiBroke

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This. If you buy a bad one too, you will just have revolving tenants who can't pay the rent more than 6 months at their location and then you have to evict, clean, lease again etc. Unless you have a hugely profitable anchor in there or some good tenants on long leases or long history, be careful.
Right now a Walgreens is closing around my way because they're not making the money to keep renting. A damn Walgreens who has a long history of customers, service etc. just not worth it.
 
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