According to the Distilled Spirits Council, a national trade association, the liquor industry generates about $100 billion in US economic activity every year. This leaves business opportunities for bar owners promising but at the same time challenging, given the intense competition witnessed in the field. The cost of buying a bar differs based on several related factors such as type of bar and location. Most importantly, it has to be ensured that the bar survive the first 3-5 years, as this is the hardest time for most bars when they are first establishing their clientele. For buying an average bar, it generally costs about $100,000.