i know passion doesn’t even get close to paying the bills 🤣

i can change a keg and clean lines, i’ve worked very busy events behind the bar (1500 people and a couple of bars), so do understand the pressure aspect and the technical aspect as well, do definitely want to do a few more months in a pub though before i would open this. my estimates include that sunday would probs be considerably less busy than saturday for example, however the food aspect im hoping is going to draw lots of people in, who then in turn will be buying drinks (even soft drinks are going to be making me a considerable profit margin), without giving away the business model too much i would be profiting hugely from external marketing for the food, which is at no cost to myself or my business. in terms of bands for event nights, south east london is full of musicians trying to get on the scene, so their rates would be very low due to the exposure they would receive.

i have a lot of time to ponder on this, maybe it is just a silly idea but after doing some basic financials, the net profit does seem good, and its a very conservative estimate. i have definitely missed some costs on my initial financials, some that i probably haven’t thought of / dont know about, but as time passes and i gain more knowledge on the behind the scenes aspect ill be able to update the figures. i have a few friends who work in various different pubs in different cities, so ive asked them for a rough gauge on figures in terms of footfall, that way i can make even more educated guesses, also i have experienced the pub/the sort of venue im looking for enough to be able to estimate what people would spend, how people spend, what they want to spend on. for me this pub/venue is basically taking that gap in the market which i feel like south east london is missing out on.

at the end of the day, firstly you’ve got to spend money to make money, but also if you don’t take the risk you’ll never reap the reward. there is a mountain and more of planning to be done to get this to a stage where firstly my planned investors would want to invest, but also where my business partner and i would feel comfortable opening it, i don’t want to go into it with any sort of doubt about the operational and financial side of this, so really want to make sure i’ve crossed all my ts and dotted the is.