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if you find a venue that is normally shut on a particular date or only used for private functions is is a lot cheaper, or if you do book miles in advance (which you should be doing anyway).
even so, 300 quid ain't a lot of money, you only need 100 people through the door paying 3 quid, which is pretty acceptable on a weekend if its close enough to city centre, plus you are all rich bastards down south anyway lol.
bouncers are generally hired through an agency to protect the bar + staff, and would be covered through the bar, not you paying for them. also the bar would more than likely offer free drinks which you could subtract from the booking amount.
i could get somewhere in newcastle for next to 0 or next to 0, but how many people would be prepared to travel up here...
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