Buying Football Clubs
People buy football clubs for passion or to expand brands. Most clubs don’t often come on the market. "If Manchester United came on the market tomorrow, I’m sure there would be lots of people interested in it," Horowitz says.
You can’t invest in all football clubs, only ones that are Public Limited Companies (PLC’s) are available on the stock exchange for you to buy shares in. Currently, only 2 teams from the English leagues are listed on the stock exchange – Manchester United and Arsenal.
Before you hand over that suitcase of cash, consult takeover whiz Keith Harris. Trained economist and former chairman of the Football League, Harris acted as a key advisor to the likes of Roman Abramovich, Randy Lerner, Eggert Magnusson and Thaksin Shinawatra.
According to TransferMarkt, the cheapest professional football club to buy in England would be Notts County, recently earned promotion to League Two. They currently have an estimated value of £1.3 million.
Starting from Scratch
Why not actually start a club from scratch rather than buy one? £2.5M in funding could purchase a stadium join lower level amateur league. Heck we can even let redditors play for the team too.
Nightclub Business Basics
When you buy a nightclub, check the surface area is suitable for business, limits as to the maximum number of customers legally. Follow all regulations regarding safety features such as emergency exits and fire extinguishers. Before buying, ask if any work is required; use costs as leverage when negotiating price.
Club Profitability
How profitable is owning a club? The average nightclub generates around $25,000 and $30,000 a month in average revenue, but clubs in big metropolitan markets can earn much more. Mega clubs in Vegas, LA and Miami for example, can generate revenue of anywhere from $25,000, upwards to $80,000 or more nightly.
Nightclubs can be extremely profitable businesses. However, like numerous new businesses, many don’t survive their first year. The estimated cost of starting up a nightclub is anything between $239,250 – $827,100, approximately £192,129 – £664,218.
How to Start a Night Club
- Understand the Local Market
- Create a Business Plan
- Form a Legal Business Entity
- Obtain Financing
- Find a Location and Sign a Lease
- Obtain Necessary Licenses and Permits
- Hire Staff
- Purchase Supplies and Equipment
- Design the Layout
- Plan Your Entertainment
- Market Your Nightclub
- Train Employees
- Install Security Systems
- Open for Business
- Provide Excellent Service
- Adapt and Evolve
Is it hard to open a club? High risk of violence, bankruptcy and instability are all factors behind nightclub closure. The average cost to open a nightclub or bar by square foot is $124. Depending on your intended use and how space is allocated, the average size of a nightclub ranges from 2,500 to 10,000 square feet.