tag:blogger.com,1999:blog-14245531.post3240178255271130067..comments2023-11-18T01:21:55.631-05:00Comments on My Open Wallet: The Economics of Opening a Bar in New YorkMadame Xhttp://www.blogger.com/profile/11536189690094235926noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-14245531.post-79464005111973233442009-06-05T12:46:54.892-04:002009-06-05T12:46:54.892-04:00Ugh, avoid the business like the plague. I was a ...Ugh, avoid the business like the plague. I was a 30%, passive investor in pub in Arizona that went bust. I'm surprised by the insurance number, perhaps it's because people don't drive in NY. Liability insurance out west would run $20k-$30k a year. There's also state gross receipts tax off the top and don't forget shrinkage. Owners need to tend bar otherwise staff loves giving it away!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-14245531.post-60218173156592622772009-06-04T11:13:21.481-04:002009-06-04T11:13:21.481-04:00Wow. This is an idea that I bounce of my friends a...Wow. This is an idea that I bounce of my friends all the time as something that I always wanted to do. The biggest impediment people always discuss is the liquor liscence? How difficult is obtaining one in NYC?<br /><br />As much as I would love to do this one day, I am with you on this one. To risky and too many variables determining success.Shttps://www.blogger.com/profile/18390467531035203538noreply@blogger.com