Industry Analysis & Industry Trends
The music has stopped for many nightclubs during the past five years. Legislation that has extended licensing hours for other drinking establishments and banned smoking indoors has removed the industry's main competitive advantage. Late-night revellers once had to go to nightclubs, but they can now stay at a pub or bar and enjoy a wider selection of drinks, cheaper prices and a more relaxed atmosphere. This has pushed the industry into a long-term decline.
Nightclubs have also come under pressure from the economic downturn, which made clubbing unaffordable for many. On top of this, soaring youth unemployment and rising university tuition fees have hit the industry's core demographic hard... purchase to read more
Industry Report - Starting a New Business Chapter
The barriers to entering the Nightclubs industry are relatively low, but the barriers to success are much higher. Initial set-up requirements involve acquiring music performance licences, hiring staff, purchasing or leasing a site, and purchasing or leasing facilities and entertainment-related equipment, and buying alcohol. The alcohol licensing legislation covering England and Wales is different from that in Scotland and Northern Ireland. As the system now stands, two licences are required: one for the premises and one to be held by the venue owner or manager. Once a premises licence is granted, it is valid for the life of the business. The terms of the licence relate to the floor plan of the premises and the desired hours of operation... purchase to read more