Owning a Bar

[moe.ron]

me and some brothers of mine were thinking bout pulling our financial resources together and buying this bar that we used to hang out with. I remmember going to that bar and thinking this place got a lot of potential if only the owner had the right mind set. now i've herd that he is thinking about selling it and we're thinking about it.

Now here is the question, what does owning a bar entail? This is one of those resturant/bar kind of gigs. Basically, after around 9 o'clock, the place still serve food but it basically become a bar. Are looking at intense capital inflow and very little outflow in the begiining. I was also thinking of turning it not only just another bar, also where live music plays, and maybe even an open mic and poetry reading during the middle of the week. Any help would be greatly appreciated.