We’ve seen juice bars, grocery stores and cafés dabble in the new hybrid business market. But, they are not alone. Increasingly we are seeing bars that double as a liquor store and nightclub which offer many opportunities for profit.
This idea is all about combining services for customer convenience, while increasing profit margins and cash flow. Think of a nightclub as a singular business. It is really only used on Friday and Saturday nights (and maybe one night during the week) and lays dormant the rest of the time. The owner is still required to pay all the running costs and rent but is really only earning any money two nights of the week. Those two nights may be hugely profitable, but wouldn’t it make sense to have something else happening as well? This is where the hybrid business model comes in. Many wine bars or cocktail lounges operate as a quiet place to grab a drink and a bite to eat during the week and during the day on Saturday. And then, they transform into a pulsing nightclub on the weekends. This means that there is a steady (even if it is small) amount of money coming in during the week. It also increases exposure and draws more people to the venue as a nightclub. This idea is becoming so successful that many are choosing to buy a franchise that operates with this business model. A franchise means they get to work for themselves, but will all the added benefits and support of a franchise. Visit this page for further information about buy a business.
There are also nightclubs and wine bars that double as a liquor store. Not unlike the hybrid café, this can add another level of experience for the customers. For higher end wine bars and boutique beer houses, having an adjoining liquor store can provide the opportunity to sell the beer and wine that they have on their menu. In this way it becomes an experience, not unlike visiting a winery. Patrons can try wines and beers and then purchase the ones they like. This has benefits for both the customer and the business owner/operator. For the customer, if they find a beer or wine they like they do not have to go searching for it in their local liquor stores. This can be hard and frustrating particularly if t is an unusual or smaller brand, the tendency will be for larger stores to not stock these items. For the business owner, they get the retail business rather than other stores as well as the business from the wine bar. For those rarer wines or beers that are not available in other stores, they become a destination for customers, who seek out the business for a particular product.
These hybrid businesses for sale Wellington are proving hugely successful. They provide the customer with a unique experience. And, so no one will be surprised when these business models start to be franchised and there are people lining up to buy a franchise.