Sector Spotlight – Bars and Pubs

Americans have proven their willingness to pay to drink with friends in comfortable surroundings, so the product is not a risk.

Instead, the majority of new bars fail within their first year because the owner(s) underestimated the amount of capital required to start and sustain the business until it became profitable, or simply lacked sufficient knowledge about the business itself and what would be required of them personally to make it work.

Purchasing an established and successful bar can eliminate some of that risk if managed appropriately going forward, but it also limits or eliminates a lot of the flexibility entrepreneurs often desire in bringing their dreams to fruition, so this needs to be weighed by each individual as they embark on this adventure.

Understand the demands

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Sector Spotlight – Bars and Pubs:

For additional information regarding Florida business sales, acquisitions and valuations, please contact Eric J. Gall at info@buysellflbiz.com or 239.738.6227. Also, visit our Florida Business Exchange website at www.fbxbrokers.com and my personal website at www.buysellflbiz.com.