By on Jul 09, 2010 with Comments 4
Aaahhh. The almighty bar nightclub business plan. The paper work that will get you all the money you need from your friendly neighborhood banker. You have got to be kidding!
This will be the absolute shortest page on this web site. And for good reason. There is no magic bullet! And the bar nightclub business plan does not work.
If you are reading other web sites about a business plan, let alone paying for them, you are a very gullible person. And if that’s the case, you need to learn a lot more about the business. And, if you are reading a web site about a so called bar nightclub business plan, bar business plan, or even a sports bar business plan, don’t go back! They are selling you a bill of goods. Really.
I don’t care what they tell you, or how good or professional it sounds. Bar/nightclub sites like this are scams. Believe me. Don’t go back there, ok.
Here is the long and short of it. The bar, night club, and restaurant business are the biggest gamble for a bank. Why? Because they inherently go broke within the first year. And the reason for this is that most people think the night club business is easy. I mean any idiot can do it, right? Wrong.
That’s why we are here. To teach you. Listen, do yourself a favor. Go to your banker. Tell them what you want to do. He or she will not ask you for a business plan. They have only one question for you. What do you have for collateral? Period!
And I don’t mean the fixtures, equipment, and furnishings either. Because they are going to take that anyway! But what they want is your cash on hand, and property with a lot of equity in it. And without sounding goofy, you can take that to the bank!
You can walk in with a business plan you purchased and look important, but they don’t really give a shit! If you don’t believe me, go to the bank and ask them. Save your money and don’t purchase a nightclub business plan. If someone is trying to sell you a nightclub business plan, run, don’t walk!
The desire to own your own bar/nightclub can be a powerful thing. And sometimes, the bank isn’t the answer.
But because of the high failure rate in the bar nightclub industry, the bank wants easy access to collateral so they can liquidate if you go belly up. You can go to the bank, borrow as much money as you want, without a nightclub business plan, as long as you have the collateral. That’s the bottom line!
There are many web sites that do nothing more then sell bar nightclub business plans. Usually accountants, or people who have worked in financial circles. These people have never owned a nightclub, or have ever tried to finance one. Oh, they got a lot to say, but don’t have the faintest idea what they are talking about. Please believe on this one. They are just trying to sell you something, I’m not!
The people trying to sell you a bar nightclub business plan, are many. Just look on the internet. They are banking on that you have no idea what you are doing. They play to your emotions. They know that you are passionate about wanting to start your own nightclub. Please! Don’t let them in. If you find you have an uncontrollable need to throw your money away, send it to me!
You are just going to get the naked truth here, good and bad. Like I said earlier, do yourself a favor and go to a bank and ask. Any bank. You choose it. They will tell you they will look at it for you, but they are not going to give you any money without substantial collateral. So take that bar nightclub business plan and use it to start a fire in your fireplace tonight. It’s useless!
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