How can revenues projections be qualified in any way?
They cannot… Nightclub ventures do not have an average earning potential, or at least an officially stated one. Add to this a flood of variables, which range from operator competence, to size of venue, demographic target, entertainment costs, ability to manage a budget, and too many cooks in the kitchen sometimes, and you can see how qualifying costs and projections can be difficult. Nightclub financials are not publicly disclosed. They’re not mainstream investments and generally funded by small private sources. Therefore, P&L’s, or other types of financial records are generally unavailable, unless you know someone kind enough to share them with you. As crazy as this may sound to some, you need to use your gut to some degree. This is obviously easier to do ‘if’ the person requesting the funds is a seasoned operator. If they’re not… You can either take them at their word, or insist they take someone onboard with a strong working knowledge of the social entertainment arena. Again likely
