Manchester club: Investment

[Machine]

Having worked as a club promoter with various local venues for around a year now, I feel that I've gained enough experience of the industry to successfully run my own venue.
I have a million ideas, and more than enough energy to make it all work. It seems a shame to invest all this energy into the success of somebody elses business when I have the desire to own my own clun.
During the last couple of years, I've made some valuable contacts, bar owners, manager, DJ's, staff and doormen, and although there could well be options for me to head into club management, I'm pretty sure I'd rather own the venue.
The only question now is where to begin looking for investment.

Advice from established bar owners/managers much appreciated.

[housemusicnyc]

First things first. you have been a promoter for "about" a year now....what is that a matter of months?
Second, your looking for people to invest money in you, not your idea. Slow down and check your spelling.
Lastly, these valuable contacts that you have come acrossed, how valuable are they if you are posting an ad online?

If you are serious about opening your first place get some cash behind you.
If not to invest in the business, to support yourself for the first year.

[ministry]

sorry to piss on your dream kid but you don't have 1/100 the knowledge you need to run your own club. you are just a promoter for less than a year, there is sooooooo much more you need to be succesful ! ive been doing this for 16 years now and i learn something new every week. go work in the industry for a couple of years (no not a promoter, anyone can pass out fliers) and learn on some else's dime, it will save you money in the long run. mike

[Machine]

Nothing ventured, nothing gained. Isn't that what they say?
Just a few weeks ago I was introduced to the fella who owns one of the bars that I am involved with. We were chatting for a while, and I asked him some questions about how he got started.
A couple of years ago, his mother died. Having worked in a factory (of all places) all of his life, he decided to invest his inheritance in a business, but he couldn't decide which business would be best.
A club has not long since closed down and the premises were then for sale. After doing some research he used his inheritance to purchase the club, gave it a refurb and a new name, then hired an experienced manager to run the place.
To cut a long story short, he now owns three bars and a club, and is hardly involved with either of them.

I'd worked in retail management for five years before starting the work I do today. In that time I worked at a senior management level for three major UK retail chains. Obviously this experience would be valuable when running my own club. I'm hardly a snotty-nosed teenager with a head full of dreams.

I'm not about to jump into the void, I know better than that. And perhaps some form of direct bar management experience would be the best course of action for me at this moment in time.
Research is they keyword. Which is why I posted for advice here.

Thanks for your time guys.

[BigBlueNation]

Don't let anyone kill your dreams my good man. I own 3 clubs 2 in the US and 1 off shore and had zero experience when I got into the business. I have found you can hire good people and the difference in success or failure is location, location, and location.

If you want any advise other than you will fail, send me an e-mail. Never stop dreaming.

[The Event Guy]

But -IMO- your research and willingness to sacrifice your goal is what will get you there.

You certainly need a better, more practical understanding of the club enviornment in order to run a successful venue. And with that said, the peopleyou meet are very important, but only asimportant as you make them. Plus, you've got to have the ability to use your contacts in order to gain from them... and then they've got to be able to gain from you in order to put the investment in.

Good luck.

[ca. club owner]

Juss keep doing your homework.... An the more homework you do in the business the better you will be. I started as a promotor long time ago. Passing out fliers. An killer part I was so far down the ladder I was the kid who juss showed up an made $50 a day to pass out fliers. No input no nothing. An now juss landed a two story building 8k sq feet on each floor. In the prime part of the city downtown. (Short story will skip the commercials) haha but I say that to say. Juss stay at it, and avoid false info. I have read a lot of weird stuff posted by 1st timers. But anything can be done. An the guy u met is a prime example. Hire the right people!!! You will have your ups an downs. The only thing I would do b4 you jump into it. Like I tell a lot of people. Go work for a place for a lil while an deal with the everyday stuff day in an day out to make sure its really what u want 2 do.... Good Luck

Money Talks in All Languages....

[The Event Guy]

CA. which part of Cali is your venue? name? website?

[Machine]

Some great constructive advice there, and it's only enpowered by your success.

Thanks for your support