[Cattle Rustler]

(07-08-2017 06:19 PM)PainPositive Wrote:  

Were your two other bars profitable besides the sale to the investment group?

Profit margins are razor thin for bars in EE. Nothing like the United States.

I worked in management and also did consulting for venues in the US and Mexico. I mostly help unprofitable bars become profitable. After planning and running the numbers for an EE bar I wanted to start I dropped the project because of the extremely thin margins. In the US you can sell a cocktail for $10 and a shot for $6. Many bars in EE sell $1-2 shots and $3-4 cocktails but the cost of liquor is roughly the same as US. Sure rent is cheaper but employee wages can be higher since EE staff don't make enough (if any) from gratuity.

Run the numbers yourself (you were an owner so you should know) and you'll see that EE bars don't run on the same model as their US counterparts.

Pain Positive is....John Taffer: