Industry Report - Industry Investment Chapter
The Pubs, Bars and Nightclubs industry exhibits low capital intensity. For every dollar spent on capital, an estimated $13.58 is spent on wages. As a service-based industry, labour is crucial. Staff are required to serve drinks, prepare food, manage operations, clean premises and carry out administrative duties. While the industry is labour-intensive, players incur capital expenses on items such as fixtures and fittings, and entertainment options like pool tables. Players that own their premises also pay significant depreciation costs. Over the past five years, capital intensity has increased, due to players increasingly replacing labour functions, such as administration, with computerised technology...purchase to read more.
Additional Insights for the
Pubs, Bars and Nightclubs
Industry
IBISWorld identifies 250 Key Success Factors for a business.The most important for the Pubs, Bars and Nightclubs Industry are
Proximity to key markets Having a loyal customer base Access to multiskilled and flexible workforce
IBISWorld analysts also discuss how external factors such as Per capita alcohol consumption and Real household discretionary income in the Pubs, Bars and Nightclubs industry impact industry performance..
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