Hi! I live in Stamford,CT and I was wondering how much will it cost me to open a night club near the center of the city. Is it a good idea?
Your question is impossible to answer. Get the answers to the following questions and you’ll see if you are a candidate to open a night club.
Have you researched if there is a need for a night club in this area?
How much are you willing to invest?
Have you considered the cost to form a company? Partnership? LLC? Corporation?
Do you have sufficient credit to purchase supplies? Do you think companies are going to offer you credit with no history?
What are your anticipated monthly expenses?
Location? Rent? Utilities?
How much is it going to cost to furnish the interior?
How about advertising costs? Radio? TV? newspaper?
Liability Insurance? Fire Insurance
Do you intend to always be on duty when open or do you plan on employees?
Any idea what it costs to have people work for you? Your share of SSI & Medicare Insurance, Unemployment expenses – Employee fringe benefits?
What are your plans should your competition offer incentives to retain their old customers?
How long can you go without a paycheck?
Just food for thought but dreaming should be faced with reality when you plan such a venture. Good luck.
How much will it cost me to open a night club?
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Your question is impossible to answer. Get the answers to the following questions and you’ll see if you are a candidate to open a night club.
Have you researched if there is a need for a night club in this area?
How much are you willing to invest?
Have you considered the cost to form a company? Partnership? LLC? Corporation?
Do you have sufficient credit to purchase supplies? Do you think companies are going to offer you credit with no history?
What are your anticipated monthly expenses?
Location? Rent? Utilities?
How much is it going to cost to furnish the interior?
How about advertising costs? Radio? TV? newspaper?
Liability Insurance? Fire Insurance
Do you intend to always be on duty when open or do you plan on employees?
Any idea what it costs to have people work for you? Your share of SSI & Medicare Insurance, Unemployment expenses – Employee fringe benefits?
What are your plans should your competition offer incentives to retain their old customers?
How long can you go without a paycheck?
Just food for thought but dreaming should be faced with reality when you plan such a venture. Good luck.
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