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That is a dream of many people. Know that creating a lounge and bar is a VERY time intensive and high risk venture. Most bars are hot for a while and then a new one pops up and they become the old place. The key is to do something very original but that isn't too trendy that it will pass like a fad. What will make people want to be at your place as their home away from home? That is what will make you successful.