EugeneMorgan Posted April 19, 2022 Report Share Posted April 19, 2022 i need 1.5 million to start up capital on a downtown vegas live music venture. i know you are a mark since you put up 1.2 for a gym even though you look like wvu with aids, which ok he looks like aids. but i can bypass the VCs on this one. let me know if u r interested. it is in the arts dictrict, main street. cheers. fukucunt Quote Link to comment Share on other sites More sharing options...
mikeman Posted April 19, 2022 Report Share Posted April 19, 2022 By the arts district you mean around container park? I strolled through there once and wasn't impressed, the real action is 3-4 blocks up the street. Plus you need to keep out the riff raff - you know who, unless if you're playing country music it's tough. Quote Link to comment Share on other sites More sharing options...
EugeneMorgan Posted April 21, 2022 Author Report Share Posted April 21, 2022 No mike. That's east Fremont which is a collection of shitty dj bars and restaurants that one dude has basically a monopoly on. Arts district is further south, a mile from plaza on main street. It's the new hipster area with hotel apartments restaurants , microbreweries and bars going up monthly. The plaza is putting in a sand dollar lounge which should be huge but I don't trust those English cunts at the plaza to not fuck that up. Arts district is going for the Austin vibe. Not the shit downtown element. Quote Link to comment Share on other sites More sharing options...
mikeman Posted April 21, 2022 Report Share Posted April 21, 2022 23 minutes ago, EugeneMorgan said: No mike. That's east Fremont which is a collection of shitty dj bars and restaurants that one dude has basically a monopoly on. Arts district is further south, a mile from plaza on main street. It's the new hipster area with hotel apartments restaurants , microbreweries and bars going up monthly. The plaza is putting in a sand dollar lounge which should be huge but I don't trust those English cunts at the plaza to not fuck that up. Arts district is going for the Austin vibe. Not the shit downtown element. So it's about midway between the Plaza and that Strat? last i recall that areas was really bad, run down hotels,apartments, used furniture stores ,etc. Quote Link to comment Share on other sites More sharing options...
EugeneMorgan Posted April 21, 2022 Author Report Share Posted April 21, 2022 Kind of yes, that part on lv Blvd is still a shit show. And closer to the plaza is a dump. This is main St South of Charleston. All the shitty old thrift stores are gone and replaced with nightlife and places with some uniqueness and character. Quote Link to comment Share on other sites More sharing options...
Bimmercando Posted April 22, 2022 Report Share Posted April 22, 2022 Jodie's tongue is out of commission due to some sucking on stored "Lardy'sKremesicles". "Lest we forget" Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted April 22, 2022 Report Share Posted April 22, 2022 21 hours ago, mikeman said: So it's about midway between the Plaza and that Strat? last i recall that areas was really bad, run down hotels,apartments, used furniture stores ,etc. Look up First Friday in Las Vegas. Kind of what set off that area as trendy. Quote Link to comment Share on other sites More sharing options...
Professor Posted April 22, 2022 Report Share Posted April 22, 2022 1 hour ago, Bimmercando said: Jodie's tongue is out of commission due to some sucking on stored "Lardy'sKremesicles". "Lest we forget" Beat it stiff! Quote Link to comment Share on other sites More sharing options...
joeybagadonuts Posted April 22, 2022 Report Share Posted April 22, 2022 2 hours ago, Bimmercando said: Jodie's tongue is out of commission due to some sucking on stored "Lardy'sKremesicles". "Lest we forget" No $1 parlays wins to past post , stiff? Quote Link to comment Share on other sites More sharing options...
Jimmy Hoffa Posted April 22, 2022 Report Share Posted April 22, 2022 I'm interested in land partnerships. Businesses, not so much... Quote Link to comment Share on other sites More sharing options...
EugeneMorgan Posted April 27, 2022 Author Report Share Posted April 27, 2022 Scouted locations yesterday and today. Missed out on one I liked couple of months ago. Think I found another good one. If the price is right Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted April 27, 2022 Report Share Posted April 27, 2022 plenty of free music in downtown vegas, how in the heck are you going to make money? i would probably loan/give you the money if it seemed like a good idea, but this is dumb Quote Link to comment Share on other sites More sharing options...
EugeneMorgan Posted April 27, 2022 Author Report Share Posted April 27, 2022 We are going to charge for it mike. And it is not the downtown market. Not even close rent wise or quality wise. The venue will have multiple revenue streams and offer what is not currently available. There is a surprisingly large dearth of live music venues and the last thing we want is a bloated fanny pack tourist from the Midwest stinking up the place. Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted April 27, 2022 Report Share Posted April 27, 2022 14 minutes ago, milwaukee mike said: plenty of free music in downtown vegas, how in the heck are you going to make money? i would probably loan/give you the money if it seemed like a good idea, but this is dumb That area is mostly a local hangout. Quote Link to comment Share on other sites More sharing options...
mikeman Posted April 27, 2022 Report Share Posted April 27, 2022 11 minutes ago, EugeneMorgan said: We are going to charge for it mike. And it is not the downtown market. Not even close rent wise or quality wise. The venue will have multiple revenue streams and offer what is not currently available. There is a surprisingly large dearth of live music venues and the last thing we want is a bloated fanny pack tourist from the Midwest stinking up the place. So you're mainly going to be running a bar, making money selling drinks? The cover charges will mostly go to the music? Quote Link to comment Share on other sites More sharing options...
EugeneMorgan Posted April 27, 2022 Author Report Share Posted April 27, 2022 No that's just the tip of the iceberg. But yes the music is going to be a big part. Quote Link to comment Share on other sites More sharing options...
Jimmy Hoffa Posted April 27, 2022 Report Share Posted April 27, 2022 Would would the additional revenue streams be Gene, are you talking about a gaming license? Quote Link to comment Share on other sites More sharing options...
mikeman Posted April 27, 2022 Report Share Posted April 27, 2022 31 minutes ago, EugeneMorgan said: No that's just the tip of the iceberg. But yes the music is going to be a big part. How much does a drink cost in a locals joint? I know casinos on the strip, etc can charge crazy prices, i assume local places cannot. Also whats a typical cover charge at a locals place, how many people would you expect on a weekend night, and what does the band/music normally cost for a night? Quote Link to comment Share on other sites More sharing options...
EugeneMorgan Posted April 27, 2022 Author Report Share Posted April 27, 2022 James, In a multi purpose venue the keys are flexibility and scalability . Gaming vis a restricted tavern license is a possibility depending on the feasibility study but it's much more likely going to be best served for another separate venture. Personally I want no part of gaming fir this project, but I don't have 100% of the decision making ability. Quote Link to comment Share on other sites More sharing options...
EugeneMorgan Posted April 27, 2022 Author Report Share Posted April 27, 2022 2 minutes ago, mikeman said: How much does a drink cost in a locals joint? I know casinos on the strip, etc can charge crazy prices, i assume local places cannot. Varies by venue. There are upscale and dives so hard to say depends on what you are looking for. There is a big difference bin a local beer and shot joint and a destination night out nightlife venue/area. The former you never pay, the latter you always do. Quote Link to comment Share on other sites More sharing options...
mikeman Posted April 27, 2022 Report Share Posted April 27, 2022 6 minutes ago, EugeneMorgan said: Varies by venue. There are upscale and dives so hard to say depends on what you are looking for. There is a big difference bin a local beer and shot joint and a destination night out nightlife venue/area. The former you never pay, the latter you always do. In general, I'm an old codger now and rarely go to "clubs" with live entertainment, I recall most places lost money on the bands - they dont recover all the costs in cover charges. You mentioned the revenue being an iceberg, the iceberg is the expenses(food alcohol, labor, utilities, insurance, security, permits, shrinkage/theft) that it costs to run a place, the revenue is a modest stream. Dont get to pumped up imagining you're gonna fet rich. Quote Link to comment Share on other sites More sharing options...
EugeneMorgan Posted April 27, 2022 Author Report Share Posted April 27, 2022 No I said the revenue source you mentioned was the tip of the iceberg. I am not worried about getting rich, in fact, to enjoy myself maximally I hope I lose money. 90% of businesses lose money, even higher percentage in this niche. I don't see that as a big concern other than roi to investors. But they understand the vision and the Longview approach so it is not a point of emphasis at this time. But it will make money in spite of all that so good for us. Quote Link to comment Share on other sites More sharing options...
mikeman Posted April 27, 2022 Report Share Posted April 27, 2022 Just now, EugeneMorgan said: No I said the revenue source you mentioned was the tip of the iceberg. I am not worried about getting rich, in fact, to enjoy myself maximally I hope I lose money. 90% of businesses lose money, even higher percentage in this niche. I don't see that as a big concern other than roi to investors. But they understand the vision and the Longview approach so it is not a point of emphasis at this time. But it will make money in spite of all that so good for us. Ok, what are the revenue sources? Other than drinks and food there will be none. And food will likely be break even at best. You're not going to make money on the entertainment most nights, sure you'll have some big weekends but that wont be the norm. Quote Link to comment Share on other sites More sharing options...
mikeman Posted April 27, 2022 Report Share Posted April 27, 2022 When i stay at the ultra luxurious El Cortez downtown i walk by those east fremont places all the time, they're basically deserted till mid evening, then it picks up, walking by later in the evening I'd say most have crowds in the dozens, not hundreds. The people who frequent them are almost all locals. Quote Link to comment Share on other sites More sharing options...
EugeneMorgan Posted April 27, 2022 Author Report Share Posted April 27, 2022 Thank you for your thoughts and opinions. Yes probably 28 of 30 nights a month will lose money. Maybe that's high side. I won't get more specific other than multiple revenue streams and you will just have to wait and see I guess is the best way I can put it right now. I also understand the margins on food and beverage so that is not an area of concern. Quote Link to comment Share on other sites More sharing options...
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