DUBLIN--(http://www.researchandmarkets.com/research/bgp7f3/bars_and) has announced the addition of the "Bars & Nightclubs" report to their offering.)--Research and Markets (
Companies in this industry sell alcoholic beverages for on-premises consumption and may also offer limited food service. No major companies dominate; varying state liquor laws complicate the ability to form large chains.
The US bar and nightclub industry includes about 45,000 establishments (single-location companies and branches of multi-location companies) with combined annual revenue of about $20 billion. Domestic demand for US drinking places, including bars and nightclubs, is forecast to grow at a low rate in the next two years. Lackluster growth in alcoholic beverage consumption overall is a key challenge for the industry.
Personal income and entertainment needs drive demand. The profitability of individual companies depends on the ability to drive traffic and develop a loyal clientèle. Large companies can offer a wide variety of food, drinks, and entertainment, and have scale advantages in purchasing, financing, and marketing. Small companies can compete effectively by serving a local market, offering unique products or entertainment, or providing superior customer service. The industry is highly fragmented: the 50 largest companies account for about 5 percent of revenue.
Bars and nightclubs compete with other venues that offer alcoholic drinks or entertainment, including restaurants, hotels, and casinos. Drinking establishments also compete with the home consumption of alcohol.
PRODUCTS, OPERATIONS & TECHNOLOGY
Major sources of revenue include beer (about 35 percent of sales), distilled spirits or hard liquor (30 percent), food and non-alcoholic beverages (20 percent), and wine (7 percent).
Key Topics Covered:
1. Industry Overview
2. Quarterly Industry Update
3. Business Challenges
4. Business Trends
5. Industry Opportunities
6. Call Preparation Questions
7. Financial Information
8. Industry Forecast
9. Web Links and Acronyms
For more information visit http://www.researchandmarkets.com/research/bgp7f3/bars_and