Open bar: The movement toward premium beverage consumption will benefit industry operators
IBISWorld’s Bars & Nightclubs market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.
Industry Statistics & Market Size
Annual Growth 11-16
Annual Growth 16-21
Industry Analysis & Industry Trends
The Bars and Nightclubs industry has performed modestly over the past five years, as consumer confidence and overall spending have continued to steadily increase. Consumer drinking patterns have also changed over the period, forcing seasoned bar operators to adapt their menus to suit changing consumer tastes. Over the next five years, bar and nightclub owners will reap the rewards of a continued increase in household incomes and consumer spending. However, while moderate alcohol consumption remains an accepted part of the American adult lifestyle, per capita expenditure on alcohol is expected to decrease minimally over the five-year period... purchase to read more
Industry Report - Starting a New Business Chapter
Like many industries, the main barrier to entry new operators face is access to capital. Opening a new bar or nightclub can be an expensive venture: equipment must be purchased, buildings must be leased and fitted out and suppliers and staff paid with reserve capital until the business can maintain a positive cash flow. Capital requirements can be alleviated to some degree by renting or leasing equipment. As a large amount of revenue in this industry is generated by owner-operators, it may also be possible to enter through the purchase of an existing business or recently closed bar or nightclub operation. However, refurbishing costs may be required with this method... purchase to read more
What is the Bars & Nightclubs Industry?
This industry includes bars, taverns, pubs, lounges, nightclubs and other drinking places that primarily prepare and serve alcoholic beverages for immediate consumption. These establishments may also provide limited food services.
Sale of distilled spirit drinksSale of wine drinksSale of beer and aleSale of meals and nonalcoholic beveragesAdmissions to special events and nightclubs, including cover chargesOther (accommodation, cigarettes, rentals and packaged liquor)
Operating licensed barsOperating nightclubsOperating wine barsOperating licensed establishments with limited food service