Investing in a Strip Club
Wednesday, May 7, 2014 8:59 AM
Has anyone here ever seriously considered investing in a strip club?
From a business standpoint, its a pretty sound concept with all the employees being 1099's that pay "rent" to the house. Especially if you lived somewhere that you were allowed a full liquor license to serve (4COP liquor license i think?)
I have a friend of a friend who owns a good chunk of equity in a few popular gay strip clubs. He does very well from them but he insists that its much better money in the gay clubs than the straight clubs.
I imagine the biggest issues would be raids and probably the amount of "protection" fees you would have to pay monthly to keep the police from shutting down your operation (or attempting to run a completely clean club and not generating anywhere near the same revenue as clubs that offer extras and drugs).
Thoughts? Experiences?
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