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Yeah at the end of the day they are renting a space in NYC and not charging an entry fee. Most of the cost of drinks at a bar are for things other than the alco
by qntty 7y ago
Yeah at the end of the day they are renting a space in NYC and not charging an entry fee. Most of the cost of drinks at a bar are for things other than the alcohol itself. Also, it sounds like they are offering expensive juices and other ingredients to make up the money not spent on alcohol.
- bpicolo 7y agoWith 15/hr minimum wages, restaurants and bars in NYC have to aim for something like 8% of revenue spent on rent to break even (meaning you need to target 50-60k a month before you begin to break even on a fairly small space)