James Sinclair's Business Broadcast £450k/Month from Dive Bars! But it’s not as fun as it sounds (4k)
Jun 18, 2025
Mark King, who operates five pubs, bars, and nightclubs through his World Famous Dive Bar Limited brand, discusses the raw realities of the hospitality scene. He reveals the challenges of maintaining significant revenue while facing tight margins and a skills shortage. The conversation highlights shifts in social drinking culture post-pandemic, the role of technology, and the necessity of financial literacy. Mark shares candid tales from his entrepreneurial journey, stressing the importance of staff training and strategic diversification for success.
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Pub Closures vs Alcohol Sales
- About six pubs close every week in England and Wales, with 289 closures last year causing 4,000 job losses.
- Despite closures, overall alcohol sales are rising again post-pandemic, mainly via supermarkets.
Profit Amid Hospitality Pressure
- Despite tough conditions, Mark King’s bars are consistently profitable since 2020.
- He acknowledges the extreme pressures in hospitality but enjoys the fun and challenge.
Personal Sacrifices of Hospitality
- Mark King lost a house and a marriage due to his investment in the hospitality business.
- Despite personal losses, he remains passionate and committed to the industry after 20 years.