I am about to become a partial owner
- Thread starter 12Pack
- Start date
12Pack
Dyslexic b00n
rickenvox
Animal Psychic
It might be a great time to invest in one for cheap if you can float until it’s time to open again. I imagine if you have capital it might be a good time to buy out all kinds of businesses depending on what your buying (equipment, the actual real estate, licenses, etc.). Employees would not be good to inherit or a lease.
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12Pack
Dyslexic b00n
This - 100% correct. Buy low - sell high.
I'm not an owner of the business - I'm making a business loan to the owner. This is their second bar.
COVID-19 crushed the small businesses here - as I am sure elsewhere and Uncle Sam ran out of money to help the small businesses.
The transaction is this:
I am loaning $$ for a few outstanding bills - making a small amount of interest (way less then any bank would).
As collateral I am placing a lien on the actual property for the amount of the loan - if the owner skips and the property is foreclosed/sold, I get my cut back at the time of sale.
In a nutshell.
sleewell
Kick Henry Jackassowski
i drive past a vacant venue that used to be really sweet on my way to rehearsal every week. or at least i used to.
i used to think about how cheap i could get it. then i think how much money i'd lose and that it is probably out of business for a reason.
best of luck!!!
i used to think about how cheap i could get it. then i think how much money i'd lose and that it is probably out of business for a reason.
best of luck!!!
12Pack
Dyslexic b00n
Funny you say this. I've played here in the past - yes. Yes they do - they have their own sound equipment but its a free for all - all the bands have used it and half the stuff is missing and broken. Last we played we used our own equipment.
jelloman
Couch'd Tater...
mongooz
.
right now.....every night
12Pack
Dyslexic b00n
baimun
Funkasaurus Rex
So, if we (myself and the owners of our sound company) can get our hands on a venue, we have some pretty definitive ideas on how we would run it and I don't mind sharing (in case you think any are applicable).
Of course for us, some of these would slide one direction or another in the case of a more "event" style space like we used to manage, versus a "hangout/bar" location.
We would primarily focus on the Wednesday - Saturday Evening crowds. No breakfast, brunch, or lunch bullshit.
(Because we have quality sound/lighting gear and know how to use it) we would use house sound and backline to speed up multi-band performance changes unless it was a regional or national act that had quality gear/rider/etc.
Wed nights would exclusively be Audition and Open Mics. The audience would understand, it would allow us some indication of a band's talent and how they are to work with.
Thursday nights would be genre nights, like Funk/Reggae/Jazz/Blues.... again... much of the crowd could be focused knowing that a certain style might draw really well one or two nights a month versus trying to keep a quaint niche club open all month with only a handful of fans. It's worked in our area where certain venues that book national acts have a reggae night, or something off the wall like Jake Cinninger from Umphry's McGee has an improv group for jazz/fusion jams.
Friday and nights would be well paid, well rehearsed local, regional, or smaller national acts on gas-stop type gap shows. If there is a gap in the schedule, it's filled with a DJ/House Party night which works well when you have a college near by.... not as well in a small rural town (which is why Karaoke has filled that gap in many cities).
Concentrating the talent and the support staff to certain days of the week allows more time for cleaning/lighting tests/or making the space available for rented gatherings..... or my personal preference.... a performance stage for local not-for-profit music schools or other performers who would be over-the-moon with a quality light and sound stage, but normally wouldn't be able to afford to rent a nice venue and/or hire a quality sound company. Why does a youth "school of rock" band need to play their crappy little practice amps for parents and grand parents... when a "real" stage performance might actually showcase what it is they've been trying to learn in a more impressive way to their parents in the community. That kind of local good will does more advertising for a venue and your standing in a community than flashy ads and donations ever can.
Of course for us, some of these would slide one direction or another in the case of a more "event" style space like we used to manage, versus a "hangout/bar" location.
We would primarily focus on the Wednesday - Saturday Evening crowds. No breakfast, brunch, or lunch bullshit.
(Because we have quality sound/lighting gear and know how to use it) we would use house sound and backline to speed up multi-band performance changes unless it was a regional or national act that had quality gear/rider/etc.
Wed nights would exclusively be Audition and Open Mics. The audience would understand, it would allow us some indication of a band's talent and how they are to work with.
Thursday nights would be genre nights, like Funk/Reggae/Jazz/Blues.... again... much of the crowd could be focused knowing that a certain style might draw really well one or two nights a month versus trying to keep a quaint niche club open all month with only a handful of fans. It's worked in our area where certain venues that book national acts have a reggae night, or something off the wall like Jake Cinninger from Umphry's McGee has an improv group for jazz/fusion jams.
Friday and nights would be well paid, well rehearsed local, regional, or smaller national acts on gas-stop type gap shows. If there is a gap in the schedule, it's filled with a DJ/House Party night which works well when you have a college near by.... not as well in a small rural town (which is why Karaoke has filled that gap in many cities).
Concentrating the talent and the support staff to certain days of the week allows more time for cleaning/lighting tests/or making the space available for rented gatherings..... or my personal preference.... a performance stage for local not-for-profit music schools or other performers who would be over-the-moon with a quality light and sound stage, but normally wouldn't be able to afford to rent a nice venue and/or hire a quality sound company. Why does a youth "school of rock" band need to play their crappy little practice amps for parents and grand parents... when a "real" stage performance might actually showcase what it is they've been trying to learn in a more impressive way to their parents in the community. That kind of local good will does more advertising for a venue and your standing in a community than flashy ads and donations ever can.
12Pack
Dyslexic b00n
This!!
My son (who is now 20) was in the local School of Rock (Easton PA) - where he got lessons as well as played on stage with other students in a full band setting. Every time they had an event it was HUGE SELLOUT with parents fighting for reservations days in advance. The staff would double for those nights and it was CRAZY busy.
DinoMikeSr
I have the box
Oh so it's a Country music place.
DinoMikeSr
I have the box
Kidding aside, without a vaccine for C19 I wouldn't touch it with a 6 foot pole.
