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19-Aug-2020 15:16

“The reality is that it consumes an enormous amount of time, and there is a direct correlation between the amount of hours you put in and your turnover and profit.” Owning your own bar/club can indeed mean long hours, meticulous attention to detail, giving up vacations and weekends, and sometimes dealing with unruly customers.

But if you have a clear vision, do your homework and learn the ins and outs of the business, it can also translate into a rewarding and financially successful enterprise.

Owning a bar sounds like the perfect life to many potential entrepreneurs, but it’s not always fun and games behind the scenes.

“There is a misconception out there that owning a bar is an easy business,” says Gary du Toit, an industry stalwart who has started 18 bars and pubs in South Africa, including the Jamaican and the ever popular Back-to-Basics, both in Westdene, Johannesburg.

From a personal perspective, you need to ask yourself if you’re really the type of person who wants to own and run a bar.But you’re not just competing with the other bars in your area these days.You’re competing with every entertainment option from which your customers can choose.If you own this kind of place, you can expect to know many of your regular customers.Like the TV show Cheers, you may find yourself taking phone messages for customers or cashing their pay cheques.

From a personal perspective, you need to ask yourself if you’re really the type of person who wants to own and run a bar.

But you’re not just competing with the other bars in your area these days.

You’re competing with every entertainment option from which your customers can choose.

If you own this kind of place, you can expect to know many of your regular customers.

Like the TV show Cheers, you may find yourself taking phone messages for customers or cashing their pay cheques.

The liquor industry on the whole is estimated to be worth R40 billion a year, and adult per capita consumption of alcohol is among the highest in the world – more than 17 litres a year.