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realkingcobra
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09-27-2019, 08:21 AM

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Originally Posted by Bic D View Post
Where did he make his money?

Sorry, it's been a minute since responding. I'll understand if you don't see this.

The fellow that offered to back me made his money in real estate and construction. He also owns a golf course. We were both sitting over a beer the night he made the offer but he seemed genuine. I've known him for quite a few years.

Regarding my experience....When I retired from law enforcement, I helped open 2 restaurants. After a few years, an opportunity presented itself where I basically "stole" a restaurant from a couple who just wanted to give up and get out. (Completely understand that )

I didn't want to spend my life in the restaurant business but the real estate investment was too hard to pass up.

I did a ton of work to the place. I added 6 slips and a gas pump to the dock outside. I added new lighting outside with corn hole boards. I changed the menu and added a happy hour and updated my POS. Finally, I 90% got rid of Sysco and picked up a local supplier for fresh seafood.

About 2.5 years later, a business group approached me and wanted to make my location into more of a marina and add a 2nd floor to the restaurant. I couldn't pass up their offer.

I live in a resort area with no dedicated pool halls. Of all the restaurants, only 3 of them have pool tables. All 3 have weekly tournaments that get 15-20 participants a night. On non tournament nights, the tables are usually busy for most of the night night. Dart boards and shuffle board tables are equally as busy.

Anyone can make it in the summer here, the trick is to get the local crowd for the off season.
So, it's been almost 3 years since this thread was started, have you opened that pool room yet?
  
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Bic D
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09-27-2019, 10:59 AM

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Originally Posted by realkingcobra View Post
So, it's been almost 3 years since this thread was started, have you opened that pool room yet?
A local watering hole I frequent expanded his business and added 2 tables which rejuvenated my interest in the game. After seeing his business expand...it got ideas flowing in my head.

I have been looking at locations but nothing solid yet.

If something looks as though it may happen, I will certainly be back here gathering information.
  
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tableroll
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10-03-2019, 04:58 PM

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Originally Posted by beachbum949 View Post
I'm working on projection numbers for a pool hall, and I need some statistics from current pool hall owners: (1) what's the average percentage of your tables that are rented in a day. For example: you have 10 tables and you're open 10 hours for a total of 100 hours per day. How many of those 100 hours would you say are rented on average? (2) How many players/customers per table on average? (3) Besides the table rental fees, what does your average customer spend on drinks (full liquor or beer and wine)? (4) What's the average amount of rental time per table? I'd appreciate any insights.
The thing that can kill this business is over price drinks and over priced table time fees! Nuff said.
  
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