Top 50 Clubs In the World

1

Name: Fabric
Location: London
Capacity: 1600
Website: www.fabriclondon.com

2

Name: The End
Location: London
Capacity: 1000
Website: www.endclub.com

3

Name: Turnmills
Location: London
Capacity: 1100
Website: www.turnmills.co.uk

4

Name: Pacha
Location: Ibiza
Capacity: 3000
Website: www.pacha.com

5

Name: Space
Location: Ibiza
Capacity: 5000
Website: www.space-ibiza.es

6

Name: Amnesia
Location: Ibiza
Capacity: 5000
Website: www.amnesia.es

7

Name: Womb
Location: Tokyo
Capacity: 1500
Website: www.womb.co.jp

8

Name: DC10
Location: Ibiza
Capacity: 1500
Website: www.circolocoibiza.com

9

Name: The Cross
Location: London
Capacity: 550
Website: www.the-cross.co.uk

10

Name: The Arches
Location: Glasgow
Capacity: 2000
Website: www.thearches.co.uk

11

Name: Zouk
Location: Singapore
Capacity: 3700
Website: www.zoukclub.com
Continue reading Top 50 Clubs In the World

A very liquid investment

Finance Asia
Timothy Cuffe, 13 April 2006

Fancy owning your own bar?

My father was never one to dispense advice lightly, but on the odd occasion that he allowed himself the extravagance he would put forward a gem. Aside from his sage counsel on marriage, his other chestnut was: “Son, if you are ever going to invest your money in anything, make damn sure that it is something you know a lot about.” So here I am writing about investing in bars, a subject that I think I know an awful lot about. In fact, I would imagine my dad would be rather proud of all the comprehensive research I have done on the subject. With the high density of expat professionals in Asia, owning a bar sounds like the ideal investment for many potential entrepreneurs and bonus-laden investment bankers. Unfortunately owning a bar is not always about rooms filled with friendly conversation, pulling a few pints and people enjoying themselves. There is definitely more to the enterprise once you step behind the counter. “Owning your own food and beverage outlet can be hugely rewarding in many ways, but be aware that owning your own bar is a little like a relationship,” says Mark Leahy, a partner in the Singapore-based McCraic Holdings, owners of BQ, Molly Malone’s, Father Flanagan’s and Dharma Kebabs. “A successful business needs constant love, attention and care. It’s a long term commitment and if you neglect it, it can quickly lose its charm.” It is important to be realistic about the amount of work involved in running your own business, especially a bar, pub or restaurant. People think owning a bar is all about sipping cocktails, enjoying the craic with friends, but they often overlook the amount of hours that are involved in creating the idea for the bar, setting it up, stocking it and organizing and managing staff. “Running a bar isn’t easy – there are a lot of potential pitfalls to owning one,” says Lawrence Morgan, owner of Jem in Hong Kong’s illustrious Lan Kwai Fong district. One of the primary stumbling blocks in owning a bar is lax cost control, and that all begins with the property’s lease agreement. In Hong Kong, leases on commercial property are classically six-year agreements with a three-year rent review. Unfortunately, with soaring property values, bar proprietors who negotiated favourable leases three years ago are now seeing their landlords ask for another 40% or more when their review comes up. “Given the steep rise in property values and subsequent rental increases, a lot of bar owners are beginning to look at the numbers and realize that it just won’t work anymore,” says Morgan. Continue reading A very liquid investment