Bottoms up: Rising consumer spending aids growth

Over the five years to 2017, the Bars and Nightclubs industry in Florida has experienced steady growth. Strong gains in the Consumer Confidence Index, coupled with continued rises in consumer spending, have benefited industry operators. The industry also benefits from demand generated by the state's large tourist population. Furthermore, per capita expenditure on alcohol is expected to increase during the five-year period, as state and national trends suggest that consumption is shifting away from beer and toward wine and distilled spirits. Going forward, the industry is expected to encounter competition from at-home consumption and nonindustry restaurants...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 12-17
2.3%
Forecast Growth 17-22
Profit
Employment
24,032
Businesses
3,757
Market Share of Companies
There are no companies with a dominant market share in this industry
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Industry Threats & Opportunities

  • More industry operators have begun to serve specific niche demands in order to generate revenue
  • Operators will have to justify higher price points by offering value-added services
  • Demand for liquor and spirits is expected to remain steady
  • Industry Report - Industry Locations Chapter

    As a service-based retail industry, operators in the Bars and Nightclubs industry are dispersed largely in line with population and income distribution. The industry is concentrated in the Tampa-West (34.3% of industry establishments), Miami-South (23.5%), Orlando-East Central (22.2%) and Jacksonville-North (11.8%) regions, mainly due to population distribution and size. Most of these regions have a large number of relatively small establishments in terms of employment and revenue. Licensing restrictions in some regions also have an impact on this industry's operations and location.Research by the US Department of Agriculture indicates that Florida ranks above average in per capita consumption of distilled spirits. The...purchase to read more.

    Additional Insights for the Bars & Nightclubs in Florida Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Bars & Nightclubs in Florida Industry are

  • Having a loyal customer base
  • Ability to quickly adopt new technology
  • Ability to control stock on hand
  • IBISWorld analysts also discuss how external factors such as Consumer Spending in Florida and Consumer Confidence Index in the Bars & Nightclubs in Florida industry impact industry performance..

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    What is the Bars & Nightclubs in Florida 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.

    Industry Products
  • Sale of distilled spirit drinks
  • Sale of wine drinks
  • Sale of beer and ale
  • Sale of meals and nonalcoholic beverages
  • Admissions to special events and nightclubs (cover charges included)
  • Industry Activities
  • Operating licensed bars
  • Operating nightclubs
  • Operating wine bars
  • Operating licensed establishments with limited food service
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Consumer Spending in Florida
  • Consumer Confidence Index
  • Per capita expenditure on alcohol
  • Healthy eating index
  • Number of adults aged 20 to 64 in Florida

  • Current Performance
  • A little late
  • The times are changing
  • Industry composition
  • Chart: Revenue Growth

  • Industry Outlook
  • Premium offerings abound
  • Concerns arise
  • Establishments to expand
  • Table: Bars & Nightclubs in Florida Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Bars & Nightclubs in Florida Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Beef & Pork Wholesaling
  • Beer Wholesaling
  • Egg & Poultry Wholesaling
  • Fish & Seafood Wholesaling
  • Wine & Spirits Wholesaling

  • Products & Services
  • Sale of distilled spirit drinks
  • Sale of beer and ale
  • Sale of meals and nonalcoholic beverages
  • Sale of wine drinks
  • Other
  • Admissions to special events and nightclubs (cover charges included)
  • Chart: Bars & Nightclubs in Florida Industry Products and Services Segmentation

  • Major Markets
  • Consumers aged 35 to 44 years
  • Consumers aged 55 to 64 years
  • Consumers aged 25 to 34 years
  • Consumers aged 45 to 54 years
  • Consumers aged 65 years and older
  • Private sector
  • Consumers aged under 25 years
  • Chart: Major Market Segmentation for the Bars & Nightclubs in Florida Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther
  • Chart: Cost Structure Benchmarking – Sector vs Bars & Nightclubs in Florida

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Bars & Nightclubs in Florida Industry

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Bars & Nightclubs in Florida Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Bars & Nightclubs in Florida Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Per capita expenditure on alcohol (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Off-Premise Consumption
  • The purchase of alcoholic beverages for consumption at home.
  • On-Premise Consumption
  • The purchase of alcoholic beverages for consumption out of the home environment.
  • Packaged Alcohol
  • Alcohol packaged for purchase in bottles, cans or similar containers.
  • Why buy this report?

    IBISWorld’s industry research report on Bars & Nightclubs in Florida contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Bars & Nightclubs in Florida:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Bars & Nightclubs in Florida market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Bars & Nightclubs in Florida, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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