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Will this shutdown finish off most pool halls in the US?
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9 Ball Fan
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Will this shutdown finish off most pool halls in the US? - 03-26-2020, 10:15 AM

I've gotta believe it will.


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03-26-2020, 10:17 AM

The current owners might throw in the towel, but somebody will take over, be it months or next year.
  
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03-26-2020, 10:26 AM

IMHO owning a Pool Roomin 2020 is tought way to make a buck, and run it in the black. How many roon ov=Winer do you personally know who are making money, not just surviving.

The list is long in Phoenix Arizona Area of all the Pool Bars, Pool Rooms that have closed in the last 10 years. Bottom line is their are less then 10 years ago, not more.

JMHO


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03-26-2020, 10:28 AM

more will open later if so
its not the end of pool


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03-26-2020, 10:37 AM

Quote:
Originally Posted by 9 Ball Fan View Post
I've gotta believe it will.
It's survival of the fittest. If you sit around waiting to get destroyed, you will be.

If the owner has resources, they will survive. Here's what I would do:

I would make sure I have enough credit to get me though to better times.

I would tell the landlord I'm on rent holiday until reopening. Period.

I would use this time to make repairs, remodel, updates, rethink my game plan, rework my menu's and business plan.

I would buy a couple of ball washer's and sanitize the tables and equipment when reopened and I would advertise that fact.

I would contact the SBA and see what loans and grants might be available.

I would pay very careful attention to the fiscal reliefs being provided small businesses though the government packages.


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03-26-2020, 10:46 AM

I suspect the ones operating on a lease will get a break on the lease until they can reopen.
  
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03-26-2020, 11:00 AM

its the slumlords type property owners who wont give them a chance during this time, they have no interst in covid19 or what it does to business and money, and they rather have it closed than let someone not pay even when closed by government rules. I knew this woman in manhattan, she kept an apartment closed in the upper east side for 3 years than give it less than 15K a month in rent. so she forwent couple hundred K in rent money income. who knows how they think. lets hope its not terrible


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03-26-2020, 11:04 AM

Quote:
Originally Posted by trinacria View Post
its the slumlords type property owners who wont give them a chance during this time, they have no interst in covid19 or what it does to business and money, and they rather have it closed than let someone not pay even when closed by government rules. I knew this woman in manhattan, she kept an apartment closed in the upper east side for 3 years than give it less than 15K a month in rent. so she forwent couple hundred K in rent money income. who knows how they think. lets hope its not terrible
A lot of states have frozen rent, mortgage, eviction proceedings


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03-26-2020, 11:10 AM

The one's that were already struggling could be done for.
The rooms that were thriving will survive if the owners were smart about holding on to some cash.
Either way all of the poolrooms are small business that will see some financial relief with the stimulus package about to be passed.
Another stimulus package will certainly follow.


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03-26-2020, 11:14 AM

A question for Philly. Do think pat's better than Gino's?
  
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03-26-2020, 11:15 AM

I would think that during the quarantine that home pool table sales would grow. IDK

Pool will not die off because as soon as the pandemic is over and all the bars reopen (with their 7-ft. Valleys), there will be a resurrection of pool interest leading to the need to establish pool halls once again. JMHO

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03-26-2020, 11:17 AM

Quote:
Originally Posted by philly View Post
The one's that were already struggling could be done for.
The rooms that were thriving will survive if the owners were smart about holding on to some cash.
Either way all of the poolrooms are small business that will see some financial relief with the stimulus package about to be passed.
Another stimulus package will certainly follow.
Philly Cheesesteaks in your avatar??? That's just wrong.

Now I've gotta go rustle me up some grub.

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03-26-2020, 11:17 AM

Quote:
Originally Posted by TATE View Post
I would contact the SBA and see what loans and grants might be available.

I would pay very careful attention to the fiscal reliefs being provided small businesses though the government packages.
Amen. From what I heard, the 2 trillion stimulus package that is supposed to pass the house vote, today, has specific provisions for small businesses, specifically, through the Small Business Administration (SBA). Typically, the few/main avenues for small business support has been through the SBA, but the stimulus package is supposed to have additional provisions or revisions to how the SBA will support small businesses.

If I owned a poolhall, this would be the next place I contacted (after securing a line of credit thru your bank).


Eric
  
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03-26-2020, 11:42 AM

i expect pool to take a huge dive
pool was hurting before and will be worse for the near future

the government spending will destroy the dollar and possibly the country

when has even 1 government program worked ?

they went to viet nam and can not explain why to this day
they destroyed education
the prisons do no rehabilitate

for every 3dollars collected for social security one dollar has been paid out in benefits and the program is bankrupt


now they think spending money they don't have will cure things

other than that i would say the economy will recover led by a strong advance from the pool sector
  
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03-26-2020, 11:52 AM

If everything goes smoothly, there shall be no evictions allowed during this downtime. And as such, most banks will be easing payments for properties affected by the mandated closures.

No the sky is not falling.
  
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