Need input. Your opinion, From the Experts!!!

[KKBomber]

:)All right. Im young, ambitious and driven but Im not well versed nor have a reputation in this industry. But I do have a idea. I want to turn an decent, vacant 3 screen theather into a Multi-purpose entertainment facility/Nightclub. The focal points of the Nightclub portion of the venture are providing 3 "Party Rooms"(obvious first on the Island with 3 choices of music). A V.I.P room (Which might be the first on our island), Shuttle service (To and from participating Hotels and Resturants. Also a first) and unique amenities (Found NOWHERE ELSE on our island). Basically a renovated (Just the exterior) theater located LITERALLY in the middle of town with AMPLE parking. Has sat unused for countless years because no one has had any notion of using it as any thing other then a theater. It shares its location with 9-5 Mon.-Fri. businesses in a comercial zoning. The closest residents are about 600 ft. away. Also a tiny bistro is less then 300 ft. away. That serves Alcohol. The building is 11,000 sq. ft. (Not including the projection booth) and since it has been on the market for so long. The lease is WAY LESS then
$1.00 per square ft. (Im not goin to say it here. Sorry) Another important factor, is that Ive got a good chance of making this business venture RISK FREE.(In a sense) As long as Critreria is met. All Investors will be issued Income Tax Credits by the state to match thier Investments by 100%! Up to $2,000,000 Per Investor, Per Year. The tax credit can be paid back in 5 years 35% the first year 25% the next and so on... The only competitors are 5 Bars. The main competition are 2 sports bars/restruants that can accomidated 500 max. TOGETHER. Their literally adjacent to eachother, and is PACKED weekends and wensdays. They are pretty well established because they have almost no competition, they set the standards. and believe me. ITS HORRIBLE. Restrooms, service,entertainment are all major dissapointments. Also in the mix we have one biker bar, that has a consistent crowd of 50 to 100 people on Fridays and Saturday. Then theres a Bistro/Bar that caters to the Latin crowd (about 50 to 75 wensdays, Fridays & Saturdays). Finally theres a quaint Karaoke Bar/Resturant capacities about 50 people (Never a stable crowd always fluxuating)

You know the circumstances. Now my plan in a quick overview. (Sorry if its so long)

My basic strategy is Flexability, Diversity, Originality, Consistency. and aquiring and maintaining a Respectable Reputation within the community.

First and foremost. No one has EVER done any thing even remotely close to what I have envisioned.

Ive been working for movie theaters since I was in High School. Ive been Floor staff, a projectionist and a manager. So I can say I know theaters well enough. Thats why I dont see it to be that difficult to convert a theater to a Nightclub. Both venues are created to ENTERTAIN masses of people. Each auditorium has sound deadening material on the walls. It has a concession stand that can be fairly easily converted to a bar. It has a decent sized lobby. The restrooms are adequate. it has a decent storage room. offices, a small "kitchen" (Just a 3 tub sink and space to add other appliances) AND the projection booth (Future V.I.P. room) that spans the length of the theater,has windows (Which can be expanded) into each auditorium. It also has a PRIVATE RESTROOM at one end and a dumbwaiter at the other(That lowers into a securable storage room downstairs).

Now you know where my minds at in this attempt. But I have ALOT more to say about promotions, ideas, events etc. I just wanted input from experts to evaluate if im on the right track. Any critisism woulb be helpful. If you need more info. Just ask. ill be delighted to further explain. THANX

[KKBomber]

Just want this ta stay at the top. Really would appreciate your opinions guys (and gals of course).... Thanx

[ministry]

if you wanna be in the game then get a job in the game before you play with other peoples money. learn the biz.

[HYDDYN MAVURIK]

:)All right. Im young, ambitious and driven but Im not well versed nor have a reputation in this industry.

But I do have a idea.

I want to turn an decent, vacant 3 screen theather into a Multi-purpose entertainment facility/Nightclub.

The focal points of the Nightclub portion of the venture are providing

3 "Party Rooms"(obvious first on the Island with 3 choices of music).

A V.I.P room (Which might be the first on our island),

Shuttle service (To and from participating Hotels and Resturants. Also a first) and unique amenities (Found NOWHERE ELSE on our island).

Basically a renovated (Just the exterior) theater located LITERALLY in the middle of town with AMPLE parking.

Has sat unused for countless years because no one has had any notion of using it as any thing other then a theater. It shares its location with 9-5 Mon.-Fri. businesses in a comercial zoning. The closest residents are about 600 ft. away. Also a tiny bistro is less then 300 ft. away. That serves Alcohol. The building is 11,000 sq. ft. (Not including the projection booth) and since it has been on the market for so long.

The lease is WAY LESS then
$1.00 per square ft. (Im not goin to say it here. Sorry) Another important factor, is that Ive got a good chance of making this business venture RISK FREE.(In a sense) As long as Critreria is met.

All Investors will be issued Income Tax Credits by the state to match thier Investments by 100%! Up to $2,000,000 Per Investor, Per Year.

The tax credit can be paid back in 5 years 35% the first year 25% the next and so on...

The only competitors are 5 Bars. The main competition are 2 sports bars/restruants that can accomidated 500 max. TOGETHER. Their literally adjacent to eachother, and is PACKED weekends and wensdays. They are pretty well established because they have almost no competition, they set the standards. and believe me. ITS HORRIBLE. Restrooms, service,entertainment are all major dissapointments. Also in the mix we have one biker bar, that has a consistent crowd of 50 to 100 people on Fridays and Saturday.

Then theres a Bistro/Bar that caters to the Latin crowd (about 50 to 75 wensdays, Fridays & Saturdays). Finally theres a quaint Karaoke Bar/Resturant capacities about 50 people (Never a stable crowd always fluxuating)

You know the circumstances. Now my plan in a quick overview. (Sorry if its so long)

My basic strategy is Flexability, Diversity, Originality, Consistency. and aquiring and maintaining a Respectable Reputation within the community.

First and foremost. No one has EVER done any thing even remotely close to what I have envisioned.

Ive been working for movie theaters since I was in High School. Ive been Floor staff, a projectionist and a manager. So I can say I know theaters well enough. Thats why I dont see it to be that difficult to convert a theater to a Nightclub. Both venues are created to ENTERTAIN masses of people. Each auditorium has sound deadening material on the walls. It has a concession stand that can be fairly easily converted to a bar. It has a decent sized lobby. The restrooms are adequate. it has a decent storage room. offices, a small "kitchen" (Just a 3 tub sink and space to add other appliances) AND the projection booth (Future V.I.P. room) that spans the length of the theater,has windows (Which can be expanded) into each auditorium. It also has a PRIVATE RESTROOM at one end and a dumbwaiter at the other(That lowers into a securable storage room downstairs).

Now you know where my minds at in this attempt. But I have ALOT more to say about promotions, ideas, events etc. I just wanted input from experts to evaluate if im on the right track. Any critisism woulb be helpful.

If you need more info. Just ask. ill be delighted to further explain. THANX

I think that it is great that you have an idea. Great things have come from ideas. I hope that you have a good management team: a good business lawyer, a good accountant, a promoter, and support staff to assist you on your ideas of making your club a success.

You as a nightclub owner. You are in essence a juggler of trades. You are problem solver. You are a student. You are the teacher. You are the builder. You are the host. Everything that happens at your club...it is your name. Your brand. A manager worries well and about a lot of details. Like legal issues. Money issues. Company issues. Employer-employee issues. And not to mention personal issues if you have a wife/ girlfriend/ hubby/ boyfriend/ significant other. And even family.

And there are many things that can happen in and at your club. You have to work on the problems the best and the most effective way you can.

I don't want to dissuade you from your dreams. I don't believe you are ready for the task you are about to undertake. I think that you should work in some bars and nightclubs as an operations manager for a medium-sized club. Learn every person's position well and do it proper...and legal.

You should probably go to business school where you can get some training and some work-experience. You want to do a triad party experience. You should do one party experience well. Start small. Do some small parties. Get a following. If you make one party a major success...work on two. The small things add up to big things.

And there is nothing wrong with having dreams, buddy. You can do anything you want. Start small, do that well. You can live your dream on a small scale...and gradually build it up. And have a support team of advisors. Read a lot. I do mean a lot on the business.


I wish you the best in your dreams and endeavors.

[KKBomber]

Thanx for the advice... But I miss spoke... Im not pursuing this personally to manage... Lets say that this is my intellectual property. Ive done the research, the planning and deduced what steps need to be taken to attain the objective, and ive got interested EXPERIENCED individuals very interested in the concept. I could possibly sell the idea or have a stake in the club itself. I figure that you could say that Id play the part of the promoter. Making suggestions on the creative end. I just want another opinion from professsionals of the trade.

[0709shot]

I don't want to sound mean but ideas are a dime a dozen. Execution and implementation is the key to a successful venture. With these even a stupid or mediocre idea can produce great results. IE pet rocks, hola hoop, chia pets etc...

So, if you are going to sell ideas, you better sell them to people that can execute and implement or you get a rep of selling bad ideas, even if they are great ideas.

[lost]

Whilst I echo the responses above about gaining experience in the industry should you want to make your venture a success. I believe your idea is a very good one.

It works for us. We operated a 3080 capacity venue that encorporates 3 Club rooms, A VIP room and 5 bars. This offers the flexibility to do almost anything.

A busy night, every room is open and the place is full. However on a night where your not expecting to pull a capacity crowd you can close individual rooms to save on labour costs but still have the atmosphere of a full house.

Also you can venture out into other fields such as corporate entertaining, conferences etc without harming your regular trade.

An old cinema can work good for you too. One of our venues is a converted cinema. Financial success and in my opinion it is the best we have openned yet.

There will always be a market for good ideas. Don't rush into things that could result in failure and possibly deter you from persuing what could be a very successful career.

[KKBomber]

Thanx Lost... I appreciate your comments. In fact I appreciate EVERYONES input... It hasnt come to fruition yet, but im getting there... Locating the right people is a job in itself... But I dream and breathe my vision. It dominates all other thoughts, especially after reading the fact that even a few you like the idea... Your the experts... Hahaha So I will persevere... Thanx...

[SoundTech]

Congrats on your future nightclub!!!! My name is Willis and I represent Infinte Audio Systems out of Miami Florida. We are a design and installation company responsible for about 90% of the nightclubs sound and lights systems in Miami. Check out my website at www.goinfinite.com and be ready to contact me at (859)433-7479 We set the industry standard for large revenue when we showcase our talents. We will design your venue for what we call the WoW factor. Everyone will talk about your club for many years to come. The only time you will call us is when your ready to open your next club. Call me anytime and i will explain and dont forget to surf that site it will show you who we are. There is no competion when we take care of you.