The US bar and nightclub industry include about 65,000 establishments with combined annual revenue of about $20 billion. While a beer-bar startup cost ranges from $20,000 to $100,000, a trendier bar or nightclub costs $100,000 and above depending on size and location. Although a rewarding industry if successfully executed, it is known that majority of bars and nightclubs do fail within the first year
With the great odds against start-ups, careful financial planning is essential, not just for the obvious expenses such as rent, remodeling and labor, but also for the recurring hidden costs such as barware and supplies. Considering sustainable products with longevity from the start can save on replacement costs and provide a better return of investment in the long run.