What is the typical capital requirement for a social entertainment venue?
That depends on a host of factors, such as the size of room you’re opening up, to the stature of clientele you’re targeting. A smaller 300-person capacity room can require as little as 100K, to as much as 360K. Larger 500-person, to 1,500-person capacity or more venues can require anywhere from $500,000, upwards to 4-million. Mega clubs, usually found in Las Vegas, Miami, and other high-end markets can run as high 8, to 12-million in total startup.
