Script section containing code for Liveperson Chat Solution

Hoover's - A D&B Company - We Make It Easier
I'm Ready to Subscribe
Special Offers
DNBi. Leverage D&B's credit assessment tools.
Hoover's Directories > Industry Overviews > Bars & Nightclubs

Bars & Nightclubs

  • Overview
  • Risks & Opportunities
  • Call Prep Questions

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.

 To read the full competitive landscape, register now.

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...

 To read all of the opportunities, register now.

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...

 To read all of the business challenges, register now.

Sponsored Links