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03-26-2020, 12:00 PM

Private sector in most cases can do things better then Uncle Sam. Problem with most of the Pool Bars & Pool Rooms in PHX that have closed.

Most of the owner did not understand changing with times, or doing thing to build the business's. Hell speaking of bars, anyone ever watch Bar Rescue. Lots of Nucklehead owners.

What work well in 1950, or 1960, does not work well in 2020. The world is constantly in a state of change.

The younger generation is into video games, my step grandson has an e-sport team at his high school. Gamers, video gaming.

Someone said the strong will survive that was a good observation.

Member ManOne up in Washington State had a nice little Pool Room, made Cues, did repairs, but he also had a Military Pension to help keep thre family fed, and tri-care for life Heath insurance.

Not sure the business is still there, believe he sold it. I know he was marred to two people wife & business.


“Pool is geometry, in its most challenging form, the science of precise angles, and forces" - Quote from: A Game of Pool, The Twilight Zone 1961 Television Show.
  
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garczar
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03-26-2020, 12:02 PM

A lot probably won't survive this. Sad fact.
  
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03-26-2020, 12:53 PM

I would say that...optimistically..
If your room was suffering before this epidemic. Stick in there...there may be opportunities coming to help you.
People will be looking to do recreational activities as soon as this is over. This Opens an opportunity to cultivate new customers.
I suggest to Advertise asap. Family specials...hourly deals. Whatever it takes.

If you are a pool room / bar you will do just fine.

If your a pool room that already had a good following and customer base, you'll be ok.


"Honestly?..i dont know if your the worst good player or the best bad player ive ever seen" kidwill

"In 1964 we made a pact....i dont sing no songs and he dont play no pool"........stevie wonder


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03-26-2020, 01:03 PM

The 3 rooms I service here in Toledo will be just fine. They all own their buildings and have solid business. Miss Cue North and South are using this time to finish remodeling. Racktime is just awaiting the time to reopen. Leagues will be a bit screwed up, but, I am sure it will all get caught up. People will be excited to be able to get out and shoot!


TFT
  
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03-26-2020, 01:07 PM

Those with a shaky busi ess model trying to run it like its 1968 will likely die but if they were a solid business with food, bar and marketing they should come back just like any other sound entertainment venue.

Sent from the future.
  
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03-26-2020, 01:14 PM

Smart money should be cash rich right now, and the opportunities for low cost
leases and space will probably open up. Whether someone chooses pool/bar
as their choice of business model is any ones guess.

td
  
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03-26-2020, 01:21 PM

well run businesses usually survive and do better because the poorly run competition gets wiped out as it should.

maybe more owners will be in their rooms to expand good will instead of never being there and having a minimum wage person that doesnt care one bit about the joint, and why should they.
  
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03-26-2020, 01:28 PM

I work in real estate and this looks bad. I doubt your average pool hall has enough cash on hand to just ride out a few months of no business. Especially if you're out here in the East Coast where rental rates are through the roof along with everything else.

That being said, landlords aren't excited to lose a bunch of tenants either. They've got mortgages and property taxes to worry about too. Not having a paying tenant is bad news. Plus, if you manage to evict a tenant right now, who are you going to fill the spot with? Unless its an "essential business," don't expect people to be beating down your door. It's also just harder to rent space in a building with a bunch of vacancies. No body wants to open up shop in some deserted building.

I'm hoping that the best path forward is a work out plan between landlord, tenant, and bank, maintaining existing relationships. I don't know how useful these SBA loans will be. When 2008 hit, I saw landlords offering "rent credits" so the amount of rent remained the same on the books, but let the tenant stay at a reduced rent, just to keep them in the space.

I'm not holding myself out as a guru here, but if anyone owns a pool hall and rents the space and is feeling anxious about their predicament, feel free to PM me.

Best of luck out there to everyone.


"I once shot a .937 and Sigel beat me 11 to 4." - Grady

Last edited by JusticeNJ; 03-26-2020 at 01:40 PM.
  
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03-26-2020, 01:36 PM

Quote:
Originally Posted by deanoc View Post
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
This was also said in 2009 after we bailed out the banks and were considering big stimulation.

Quote:
when has even 1 government program worked ?
I think WW2, the interstate highway system, Social Security, Medicare, Income Taxes,...

Quote:
they went to viet nam and can not explain why to this day
To test out our 1955-1965 military advancements.

Quote:
they destroyed education
The teacher unions and NEA did not help

Quote:
the prisons do no rehabilitate
This fall squarely on the backs of republicans.
But, to be fair, the rehabilitation in the 1970-1980s did not work so well, either.

Quote:
for every 3dollars collected for social security one dollar has been paid out in benefits and the program is bankrupt
This is a congressional problem, for 50 years, congress raided SS funds to pay for other government "stuff". They knew all along that they would end up where we are today (lacking Corona virus situation.)

Quote:
now they think spending money they don't have will cure things
The alternative is 70% of all (A L L) businesses close and 70%-85% unemployment.
Any business without 6-months of cash flow in a safe deposit box earning zero interest fill fail under the current situation. Approximately no business is in that situation.

We are faced with a situation where::

1) if we send people back to work to prevent a recession/depression, 1%-3% of the world population will simply die (D I E). {This may be a dramatic underestimation}

2) If we let the economic situation (idle factories, shelter at home) persist without doing anything, the Great Depression will look like a minor hick up in world GDP.

3) On the other hand, if we mortgage our future, we might be back on a level keel in a decade.

So, you get to pick door #1, door #2, or door #3.
  
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MitchAlsup
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03-26-2020, 01:41 PM

Quote:
Originally Posted by JusticeNJ View Post
That being said, landlords aren't excited to lose a bunch of tenants either. They've got mortgages and property taxes to worry about too. Not having a paying tenant is bad news. Plus, if you manage to evict a tenant right now, who are you going to fill the spot with?
This is the problem with "leveraged financing".

Why does a 20 year old pool hall not (N O T) own its own building ?

Same reason a local gun store uses bank financing to put guns on the shelves so people can buy them with credit cards !! Where this fails in in these massive downturns where either the banking system freezes up (2008) or where the productivity of the world goes to 0.000 for several months.
  
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trentfromtoledo
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03-26-2020, 01:44 PM

Quote:
Originally Posted by MitchAlsup View Post
This was also said in 2009 after we bailed out the banks and were considering big stimulation.



I think WW2, the interstate highway system, Social Security, Medicare, Income Taxes,...



To test out our 1955-1965 military advancements.



The teacher unions and NEA did not help



This fall squarely on the backs of republicans.
But, to be fair, the rehabilitation in the 1970-1980s did not work so well, either.



This is a congressional problem, for 50 years, congress raided SS funds to pay for other government "stuff". They knew all along that they would end up where we are today (lacking Corona virus situation.)



The alternative is 70% of all (A L L) businesses close and 70%-85% unemployment.
Any business without 6-months of cash flow in a safe deposit box earning zero interest fill fail under the current situation. Approximately no business is in that situation.

We are faced with a situation where::

1) if we send people back to work to prevent a recession/depression, 1%-3% of the world population will simply die (D I E). {This may be a dramatic underestimation}

2) If we let the economic situation (idle factories, shelter at home) persist without doing anything, the Great Depression will look like a minor hick up in world GDP.

3) On the other hand, if we mortgage our future, we might be back on a level keel in a decade.

So, you get to pick door #1, door #2, or door #3.

Excellent Post!



TFT
  
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trentfromtoledo
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03-26-2020, 01:47 PM

Quote:
Originally Posted by MitchAlsup View Post

Why does a 20 year old pool hall not (N O T) own its own building ?
EXACTLY!!

Plus anyone that is going to open a pool room and is planning on leasing is almost sure to FAIL.


TFT
  
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03-26-2020, 01:50 PM

Sad to say that this thread poses a question that's not unreasonable.

The question posed, however, is one that pertains to all businesses. We are in a period in which, for many businesses, revenues have dried up in the presence of unavoidable costs, whether it is rents, leased equipment, utilities, salaries, loan interest, depreciation, etc., virtually nobody can fade all the costs. In addition, accounts receivable, generally viewed as highly liquid assets, will prove harder to collect than in the past.

Who will survive? On the surface, it would seem that only those that have put a lot of money away for a rainy day will, and, of course, such businesses are the best bets for survival. In fact, though, those with a winning business model will likely find a way out of the woods even if they are cash poor, because businesses with a winning track record of earnings will have easiest access to financing when these very thick economic clouds clear.

It is the marginally profitable and the unprofitable businesses that face possible extinction, a sad reality for so many. Those already on their last financial legs may find themselves unable to keep things going, and the marginally profitable may find themselves less and less financially sustainable.

I don't think pool halls are any different than any other small businesses in that they face the exact same challenges as all the others. In the end, the supply of pool halls will equal the demand for them, and if there will be a minor, or even major, transformation in the pool scene, when the smoke settles, I think the poolhall scene will provide what we who love pool require.
  
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03-26-2020, 01:52 PM

Quote:
Originally Posted by 9 Ball Fan View Post
I've gotta believe it will.
I imagine it will, unless the owner of the business owns the building, or if the place has been so successful, that the owner can afford to pay the rent on the building until they are able to reopen for business.
  
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03-26-2020, 01:55 PM

Quote:
Originally Posted by TATE View Post
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.
Great post.
  
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