The London nightclubs are experiencing a huge crisis, rents are forever increasing, staff rates are increasing and therefore general prices are increasing. With times by where the many if the 18-30 population is struggling with rent prices, saving and minimal increases in salary – customers are shopping around more and more for deals at bars and nightclubs and it’s only right they should if they can’t afford to spend so much on going out. Many bars are doing deals on buy on get one free or happy hours, groupons, wowchers and and even with those they just about make even on getting customers in.
Resident complaints are another main reason for London nightclub closures. London is a buzzing city it was notoriously known for being one of the best cities to party in with an array of different happening venues. Each areas property value increased as a result of popular bars, restaurants and nightclubs. Over the years of the 60s-00s the youngsters then baby bloomers and generation X who used to party then had their fun made money and bought a property. Now they had their fun and have children and grand children the amenities including London nightclubs that had built the area up and resulted in their property increasing a exponential now suddenly are now causing them an issue – so how can we resolve this.
One club found a way – ministry of sound. Initially ministry was one of the first venues to experience this overcome this issue. The first method they tried back in the early 2000s-ish was by giving the neighbouring residents who complaint ipods. Now Ministry is a international band which with no doubt has a reserve fund from previous years profits from the 90s to be able to afford to give customers ipods. Businesses these days especially newly opened venues do not have an extra few grand to dish out to residents to keep them sweet.
If the London nightlife bars and nightclubs industry continues to decline and is strictly left to the West End high end A-list nightclubs which everyone can afford to attend on a regular basis what do we do?