Lee-Bro
Senior Member
A venue in Louisville, KY is for sale: http://prginvestments.catylist.com/listing/30620881/1386-Lexington-Rd-Louisville-KY-40206
I think we've all dreamt of having our own venue as a place to be our own house band, and I'm sure we all know someone who's done it. But seriously, owning a venue isn't as glamorous as it sounds.
There are two more venues in my region that the ownership groups are looking for investors or are willing to sell outright. With the current economic climate, there are going to be more venues for sale, looking for investors/partners, or shutting down. The idea to buy and run your own sports bar does have a certain romanticism about it, if you're thinking of making the jump, be sure to perform due diligence and have someone on your acquisition team be the person to find every single reason why you shouldn't make the investment. If you're a "buy low, sell high" type thinker on venues, then obviously this may be an opportune time for you, just be ready for a turbulent couple of years. There's about to be a wave of commercial, retail, and restaurant space available. I'll stop the financial talk here because it can go way off-topic fast.
So if you're up to multi-year challenge and don't mind having negative cash-flows for a few years, buy aboat venue.
I think we've all dreamt of having our own venue as a place to be our own house band, and I'm sure we all know someone who's done it. But seriously, owning a venue isn't as glamorous as it sounds.
There are two more venues in my region that the ownership groups are looking for investors or are willing to sell outright. With the current economic climate, there are going to be more venues for sale, looking for investors/partners, or shutting down. The idea to buy and run your own sports bar does have a certain romanticism about it, if you're thinking of making the jump, be sure to perform due diligence and have someone on your acquisition team be the person to find every single reason why you shouldn't make the investment. If you're a "buy low, sell high" type thinker on venues, then obviously this may be an opportune time for you, just be ready for a turbulent couple of years. There's about to be a wave of commercial, retail, and restaurant space available. I'll stop the financial talk here because it can go way off-topic fast.
So if you're up to multi-year challenge and don't mind having negative cash-flows for a few years, buy a