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What is the average profit margin for a Dive Bar in California?
Wiki User
∙ 11y ago
Small businesses tend to be all over the map when comes to their operating ratios.
If the owner is the landlord, you don't see rent as an expense, and if the mortgage is
paid off, you don't see the cost of having that money invested in real estate instead of, say, Berkshire Hathaway stock.
If the place is incorporated, the owner may be taking a generous salary, in order to be
well-covered
by Social Security. He can avoid that tax (and it's twice as much as you think, because employers pay it as well as employees) nu working for free and taking his income as dividends.
If the owner pays himself and his wife fair wages, and pays fair rent, etc., a well-run
dive bar should throw off profits of 10-15% of revenues. Many small businesses are poorly run, of course, and hospitality businesses are notoriously difficult to run, and if you have employees over-pouring
drinks, stealing from inventory, and driving off customers, it's easy to lose a lot of money fast.
Was this question was inspired by watching "Bar Rescue"? It's a highly entertaining show, but Mr. Tapper's quick-fix
solutions aren't as successful as they might appear. MisanthropyToday.com
did a followup that shows the track record pf those "fixed" bars, and it's, ahem, "sobering".
If you're considering an investment in a dive bar, there are more entertaining ways to drop a bundle . Some businesses you own, but restaurants and bars? They own
you.
Wiki User
∙ 11y ago
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