I had a partnership at one time with two other gentlemen in a bar in NY. It was tough to start at first because the liquor license and the locale. The returns were very profitable but they came at a price......MUCH PATIENCE, DEDICATION, AND HARD WORK! Not to mention time away from family starting to get things together.
If it's your first business venture then I would suggest you do PLENTY of homework. It's not as easy as just applying and opening a location. You have to deal with contract with cigar distributors, beer distributors, and liquor wholesales. You need to know how to count liquor as well to see where you could be losing your profits.
These are just a fraction of the things that come with this territory. I ended up leaving and selling my share to the other 2 guys. Left with a profit but I kick myself for doing so since they are currently at 4 locations in NYC.
