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Do Night Clubs really have a short life span?

Ugodre Obi-chukwu by Ugodre Obi-chukwu
October 17, 2011
in Uncategorized
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Businesses are ordinarily set up as a going concern. Meaning they are expected to have a life of their own and live perpetually. However, that’s not usually the case as they sometimes face bankruptcy or get wound down or even get sold off. But then these are done under unfortunate circumstances.

One business that seem to die ever so often is the Night Club business. In Nigeria the average life span of a “Night Club” is about 2 years. Some say it’s just after two xmas’s and then they start to wane. But what could be the reason assuming this is true? After all hotels don’t die that often do they?

Lots of folks have attributed it to several factors. Some say Nigerians always like new things and tend to get bored after some time. Others say club managers usually do not like to reinvest their money into the clubs thereby adopting a lax maintenance culture. Subsequently the clubs start to loose it’s beauty and silky touch and eventually the crowd. Another school of thought believe its the authorities. They say the police and local councils impose too much restrictions on the activities of night clubs resulting in them closing sometimes and then loosing customers.

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Some opine the cost of doing business is just to expensive. Night club owners run on generators all the time thereby incurring excessive diesel cost. They also spend money on “protection and security” which ordinarily should be provided for free by the people they pay.

In fact the reasons are endless. But really night clubs do have a short life span and there must be a good reason for that. Think about it! Where is 1145, Insomnia, K’s place, Danniels, No 10, Caliente, Murphy’s, Saga 8, Club Towers, A Bar, Cubes,New Yorkers, Tribeca, Club Xtreme, Auto Lounge to name a few? Some actually do survive years like Metro Park, Lacassa etc

I have also noticed that Night Clubs have a way of reinventing themselves. They do this by changing the club name, the look and at times owners. In the same venue you can have as much as 4 clubs that have been there over a period of 10years. I don’t really know if this is peculiar to Nigeria alone though but it is worth researching.

For now my curiosity still has me flatfooted. I’m still to know why clubs in Nigeria have a short life span.

Tags: DeepdivePersonal Finance
Ugodre Obi-chukwu

Ugodre Obi-chukwu

Ugo Obi-Chukwu "Ugodre" is the Founder, Publisher, and Chief Analyst of Nairametrics, a leading business and financial news online platform in Nigeria. Ugo is also the Chief Editor of the Nairametrics “Blurb” Opinion pages. Follow Ugodre on Twitter @ugodre and Instagram @ugodre Email: ugodre@nairametrics.com

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