Industry Analysis & Industry Trends
High unemployment and low disposable income drove consumers away from luxuries like trips to bars and nightclubs in the past five years. As consumers cut down on spending across the board, the industry suffered. Competition from a rising trend of drinking at home will continue to hamper the industry over the next five years; however, increased consumer spending will bring the industry back to solid health... purchase to read more
Industry Report - Starting a New Business Chapter
The barriers to entry are low and steady, given that an operator can lease premises, equipment, furniture and fittings, which lowers the initial capital costs, outlays and borrowings.
Industry information indicates that more than 77.6% of establishments are small businesses employing up to nine people, which is an indication of the small business and fragmented nature of this industry. No single player dominates this industry. The main barrier to entry is in obtaining a suitable license. Entry costs can be lowered by either leasing or managing an establishment on behalf of the owner. Due to the small-business nature of the industry and the low average revenue and profit margins per establishment, entry costs can also be low across some geographic locations... purchase to read more