March 26, 2014 Leave a comment
Back long ago talking 1960’s my father owned a bar in Baraboo WI, called Clingman’s Clink, he owned it for a number of years I think 62-68 or so. I was very young so do not hold me to the dates.
The name came from the fact the bar was across the street from the police station/City Hall
The Bar was right downtown and open 7 days a week from early Morning to Bar close.
The big draw he has was….. Go Go Girls! Not topless but Dancers on the bar
My Dad would tell us kids is that is how he made his money selling that Bar for it was not a game for a man with a wife and kids.
He did say time and again that if you were a young man with no wife that be the business to own if you did not become your own best customer, he go over the numbers sometimes to show me why he thought that.
This was all brought back to me during phone calls yesterday so lets to to the Twilight Zone
and do a game of let’s pretend that I own a bar in Downtown Racine WI or Clingman’s Clink revisited!
My bar will just sell booze light snacks with a Pool Table/Dart Bord and of course just one Coin operated video poker, lets see how the money might be like.
I can sell by low end beer say brand x at a 100% mark up all day everyday.
I can even do better if I sell the tap version far more. If I pay $100 a keg and get only 160 12 Oz Glasses out of one sell a glass for $1.50 not too bad I do better because if your buying tap beer your more then likely staying to play Pool-Darts or God Bless you my Video Poker Machine. !!!
Mixed Drinks is mega bank!
A bottle of cheep Rail Rum is say $20 and I get say 15 shots out of this and sell Shots for $3.00 I am making $25 per bottle
If I am selling a name brand booze yes I am paying a bit more but now selling the name brand for more too say $4.00 a shot I am more then making up the added cost.
If I am do mixed drinks (mostly women drink the mixed drinks I have found) I going to sell them for about $5 I may not not do so well but: 1) I am using Rail Booze and 2) If I have women coming to drink I have men stopping in. This is a good thing.
The snacks we sell at say 25% over cost we have a popcorn machine for free salty Popcorn are you thirsty? Have another drink
Soda: Good question, talking to folks in the business tell me that the cost to fill a 20 Oz glass with Ice and say Coke is about .10 sell a glass for a $1. 00 and give it away to the self Id sober drivers, not going to lose a lot and hey someone might now make it home alive
The games are my bread and butter!
All cash no accounting for the cash 100% pure cash
The Pool Table Dart Board charge the price needed to pay for them and a bit more to sponsor a team a Women’s team have them come to the bar after see the men follow poor the drinks
The Poker Machine is pure $$$
Its going to be used as many are in this city from open to close. the users will buy drinks lots of drinks when one is done someone else will sit down.
How many times will the play key get hit? 1,000 2000, maybe 3000? Even if your returning 80% that’s 200 a day all cash your making cash.
Even at a 80% pay off that’s what $200 a day per machine So what how much can this my my mythical bar make thinking $300-400 a day, and a good amount tax free.
Mindy you I underestimated the amount one could get from a Keg of Beer or a bottle of Booze
nor did I work out the Food income but you get the point I hope there is good money in bars
Damn good money Maybe I revisit this post and talk about how more interesting ideas can be used to make a bit more $$
And why Downtown Racine is filled with bars