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 in public buildings have 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.
Nightclubs have also come under pressure from the economic downturn, which has 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 and are simple to overcome. These barriers predominantly involve issuing licences, hiring staff, purchasing or leasing a site, and purchasing or leasing facilities and entertainment-related equipment.
The usual principles apply to the purchase or lease of a venue and equipment and the hiring of staff. An important obstacle faced by participants is licensing the premises. Separate licensing legislation governs England and Wales from Scotland and Northern Ireland. As the system now stands, two licences are required: one for the premises and one personal licence to be held by the venue owner or manager.
Once a premises licence is granted, it is valid for the life of the business... purchase to read more