{"product_id":"bars-nightclubs","title":"Bars \u0026 Nightclubs","description":"\u003cp\u003eBars \u0026amp; Nightclubs\u003c\/p\u003e\n\n\u003cp\u003eBrief Excerpt from Industry Overview Chapter:\u003c\/p\u003e\n\n\u003cp\u003eCompanies in this industry sell alcoholic beverages for on-premises consumption and may also offer limited food service. The industry mostly consists of small, single-location businesses, as inconsistent liquor laws make it harder to operate establishments in multiple states or countries. Some larger US-based bar chains include McMenamins, Winking Lizard Tavern, and World of Beer. Top-grossing nightclubs LAVO Nightclub, Marquee Nightclub, and Tao Downtown Nightclub each have locations in New York City and Las Vegas. Leading companies in the less-fragmented UK market include pub operators Punch Pubs \u0026amp; Co and Stonegate Group, as well as the nightclub chain REKOM UK.\u003c\/p\u003e\n\n\u003cp\u003eCOMPETITIVE LANDSCAPE\u003c\/p\u003e\n\n\u003cp\u003ePersonal income and entertainment preferences drive demand. The profitability of individual companies depends on the ability to drive traffic and develop a loyal clientele. Large companies can offer a wide variety of food, drinks, and entertainment, and have scale advantages in purchasing, financing, and marketing. Small companies can compete effectively by serving a local market, offering unique products or entertainment, or providing superior customer service. The US industry is highly fragmented: the 50 largest companies account for less than 10% of revenue.\u003c\/p\u003e\n\n\u003cp\u003ePRODUCTS, OPERATIONS \u0026amp; TECHNOLOGY\u003c\/p\u003e\n\n\u003cp\u003eMajor sources of US industry revenue include beer (some 30% of revenue), distilled spirits or hard liquor (about 35%), food and nonalcoholic beverages (about 20%), and wine (over 10%). Companies may specialize in certain beverages, like craft beers or martinis.\u003c\/p\u003e","brand":"Travel \u0026 Leisure","offers":[{"title":"April, 2023 \/ - \/ MCW16195761","offer_id":47560628863282,"sku":null,"price":155.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/bars-nightclubs","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}