New Location Nightclub and Bar Rating System

Venue Location

Entertainment district 5
Developed area 4
Destination Location 3
Undeveloped area 2
The middle of nowhere 1

Venue Location (your proximity to other venues, Restaurants, Bars and Nightclubs)

5 minutes or less walking distance to 5 or more venues 5
5 minutes or less walking distance to less than 5 venues 4
5-15 minute walking distance to 5 or more venues 3
5-15 minute driving distance to 5 or more venues 2
Stand alone venue=15 minute or more drive to other venues 1

Venue Location

Easy freeway access on a main street, road or thoroughfare 5
Easy freeway access off of a main street, road or thoroughfare 4
On a main street, road or thoroughfare 3
Off of a main street, road or thoroughfare 2
The middle of nowhere 1

Venue Marketplace Population

3 Million and above 5
1.5 Million - 3 Million 4
1 Million - 1.5 Million 3
500,000 - 1 Million 2
Below 500,000 1

Lease or Mortgage payment

$10-$20 per square foot or less 5
$20-$30 per square foot 4
$30-$50 per square foot or greater 3
Less than 5% percentage rent 2
Greater than 5% percentage rent or greater 1

Venue Lease or Own the venue (TI’s= Tenant improvement dollars from the landlord)

You own the building 5
You buy the building 4
Lease option to buy building 3
Lease with TI’s 2
Lease with no TI's 1

Your Venue’s Lease

1 year lease with 3% increase with open ended options available 5
2 year lease with 3% increase with multiple 1 year options 4
3 year lease with multiple options up to you 3
4 year lease with multiple options available to the landlord 2
5 year lease with greater than a 3% increase multiple options available to the landlord 1

Venue infrastructure and TI’s Tenant improvement dollars from the landlord

The venue has existing bars and a kitchen plus any TI’s 5
The venue has existing bars plus TI’s 4
The venue has no existing services but has $20-$30 per square foot in TI’s 3
The venue has no existing services but has $5-20 per square foot in TI’s 2
The venue has no services and no TI’s 1

Does your venue’s layout have these features?

Multiple bars, Large Bathrooms,Parking, Patio,Open floor plan, Kitchen 5
Multiple bars, Large Bathrooms, Parking, Patio, Open floor plan 4
Multiple bars, Medium Sized Bathrooms, Parking, Patio 3
Multiple bars, Small Bathrooms, Limited Parking 2
A Single bar, Small Bathrooms, Limited or Street Parking 1

How much parking does your venue have?

Does you venue have over 100 parking spots 5
Does you venue have 50-100 parking spots 4
Does you venue have 25-50 parking spots 3
Does you venue have less than 25 parking spots 2
Does you venue have only street parking 1

Owner Operator Experience

You have owner 1 or more successful entertainment venues 5
You have been a partner of 1 or more entertainment venue 4
You have managed or operated 3 or more successful entertainment venues 3
You have managed or operated a successful entertainment venue 2
You have hired or partnered with an experience operational partner 1
You hang out in lots of nightclubs and bars 0

Hiring an operator or entertainment venue professionals

You have hired a professional consultant group 5
You have hired a professional operator with experience in new openings 4
You have hired a professional operator with no experience with new openings 3
You have hired an operator with limited experience 2
You have hired your Buddy. 1

Your projects budget

You have 2X the needed money raised for the project 5
You have 20% extra raised for the project 4
You have exactly the amount needed for the project 3
You are short up to 20% of the money needed for the project 2
You don’t have 50% of the money needed for the project 1

Your total investment to open your venue and possible ROI= Return on Investment

$100,000 to $250,000 5
$250,000 to $500,000 4
$500,000 to $750,000 3
$750,000 to $1 Million 2
Over $1 Million 1

How many Partners & Investors?

1 Partner/Investor 5
1 Partner and 1 Investor 4
1 Partner and Multiple Investors 3
2 to 4 Partners/Investors 2
Over 4 Partners/Investors 1

Revenue Streams for your venue

Alcohol Beer and Liquor, Door Cover, Gaming, Corporate events, Food 5
Alcohol Beer and Liquor, Door Cover, Corporate events, Food 4
Alcohol Beer and Liquor, Corporate events, Food 3
Alcohol Beer and Liquor, Corporate events 2
Alcohol Beer and Wine, Food 1

Licensing costs such as Liquor, Beer, Wine License

Under $1000 5
$1000 to $5000 4
$5000 to $10,000 3
$10,000 to $50,000 2
$50,000 to $100,000 and up 1

State Licensing laws, guidelines and restrictions (Token License=Tangible Asset)

No Last Call, Gaming, Beer and Liquor Licensing Token System 5
3am Last Call, Beer and Liquor Licensing Token System 4
2am Last Call,One Liquor License,% Food based,Moderate Dram Shop 3
1am Last Call, Separate Beer and Liquor Lic, Must serve food, Strict Dram Shop Laws 2
Only a restaurant can serve Liquor 1

Renovation build-out, zoning, and permits

Little to no renovation, no zoning changes, no permits needed 5
Some renovation, no zoning change, easy permit needed 4
Moderate renovation, no zoning change, full permit needed 3
Extensive renovation, minor zoning change, full permit needed 2
Extensive renovation, major zoning change, full permit needed, 1

New, old, or reworked concept?

100% new concept in new space that had no previous nc or bar 5
Keeping the place the way it is doing pretty good,but not great 4
New concept in a space that previously had a way different concept 3
Reworking greatly a space that previously had a similar concept 2
Reworking slightly an existing place and concept not doing great 1

90–100 Excellent Venue
80-90 Rockin Venue
70-80 Great Venue
60-70 Good Venue
50-60 Ok Venue: be careful in this range and below you should be an experience operator
40-50 Be warned
40-Below this is a Danger Zone and you should continue searching for a venue