Bottoms up: Though competition is strong, renewed consumer spending drives demand
IBISWorld’s Bars & Nightclubs market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.
Industry Statistics & Market Size
Annual Growth 09-14
Annual Growth 14-19
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
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