Bars & Nightclubs
Competitive Landscape
Personal income and entertainment needs drive demand. The profitability of individual companies depends on the ability to drive traffic and develop a loyal clientèle. Large companies can offer a wide variety of food, drinks, and entertainment, and have scale advantages in purchasing, financing, and marketing. Small companies can compete effectively by serving a local market, offering unique products or entertainment, or providing superior customer service. The industry is labor-intensive: average annual revenue per worker is about $60,000.
Opportunities
Increasing Influence of Millennials - Millennials, the newest generation of consumers to reach legal drinking age, number about 70 million and could be an important new market for bars and...
Business Challenges
Flat Category Demand - Increasing sales can be difficult due to flat alcoholic beverage consumption. Per capita consumption of alcoholic beverages has remained relatively constant, at about 25 gallons...


