Established Pool Business for sale!

jgdwvu11

AzB Silver Member
Silver Member
As we all know many billiard businesses have shut down due to many situations in this economy and billiards in general on the decline in many cities.

In order for a business to work, you need to have all aspects in place from top to bottom plus a platform to build on the business side. Location and marketing are big...if customers do not know where you are they will not be able to come to your place. Social media and google have helped many businesses grow for FREE. One must look outside the box to succeed and I feel I have done that. My experience while working with the 2 largest companies in the world (GE & Fujitsu) brought me to where I am today. I am now ready to move on and hand over a growing business to a willing participant.

Corner Pocket Billiards N café in Wheeling WV is for sale- $175,000 takes the business and all inventory items.

Anyone that is familiar with my business knows I took a dying pool hall and grew it to what it is today. With the sale you get all the leagues- BCA-NAPA, VNEA, and In House. NDA Dart leagues on Mon-Wed- Thursday nights. Leagues run 5 days a week for 9 months out of the year and 3 days a week during the other 3 months. We have a full kitchen and gaming facilities. We also have weekend tournaments every week and host the regional event at the local casino year. Some other details are listed below:


- (6) 7ft Diamond pro am tables with diamond lights
- (2) 9ft Diamond pro am tables with diamond lights
- (3) 45in vizio tvs
- full kitchen and bar
- dance stage
- outdoor eating deck with covered deck/bar area for bands.
- paved private parking lot
- full security system inside and out/monitor from cell or home
- 4 freezers for food and beverage
- plenty of storage with over 8000 sq ft (4000 pool hall)
- full gaming room with WV Lottery machines * some restrictions apply if nonWV resident. (we can review your options if need be)
- vendors all in place
- all software to run the business will stay in place
- all furniture and chairs all stay in place

Total inventory is around $95,000 in assets and the buyer can realistically make their investment back in year 1!

If this is so good, then why am I selling? My wife worked for Ormet corporation (which just shut down) for 17yrs and we where/are working 15 hrs a day every day. It is time to go south and relax for our next half of our lives. It is a hard decision but I had a 3yr plan to grow this business and it only took 2yrs and it is still growing.

If you want more information and have any questions please use email at corner-pocketbilliards@comcast.net
 

jgdwvu11

AzB Silver Member
Silver Member
This is a serious sale and not bs as others have asked about...anyone that knows what we have done with this place along with the traffic we generate with leagues 5days a week- understand we have one of the better places in the country...add the regional event at the local casino each year and you have a via business investment return your first year. We do have 2 people trying to get funding but we are at first come first serve. Commercial loans or any loans at any bank are too regulated in this economy....I know as I have been in banking for 25yrs. You need a business plan and my 2 years of tax returns plus my PNL projection. I am willing to give that to the underwriters of your bank that you are getting funding from. if you have any questions or need pics of the place you can send me inbox mails here or at corner-pocketbilliards@comcast.net
 

Rehan33

New member
Your work is very good and I appreciate you and hopping for some more informative posts. Thank you for sharing great information to us.
 

jgdwvu11

AzB Silver Member
Silver Member
We have had 6 people interested in the business...I am making sure the pool aspect stay in tact as we have over 600 members in the leagues with BCA, VNEA, and NAPA. Plus the Regional BCA event at the Casino and new WPBA women's event that will start in Aug this year...Only serious inquiries please...
 

jgdwvu11

AzB Silver Member
Silver Member
Sale Price Is $250,000 with Realtor based on Market value of business. I will still sell for $200,000 and as low as $175,000 to the original interested parties. We have 6 buyers in the works but first contract and money gets it...we will run business as usual and train any interested party willing to work their ass off to succeed. I want to keep billiards in the area here...we have over 650 league players and 1,350 unique players registered in our system that have played here. Unlimited potential!
 

jgdwvu11

AzB Silver Member
Silver Member
I have tax returns and PNL statements to show all revenue. We are wanting to move south by July this year...worse case we will sell all items in the pool hall and close up shop...trust me in saying that this is a profitable business...you have events, tournaments set up, leagues, and outside entertainment.
 

jgdwvu11

AzB Silver Member
Silver Member
sale

The Pool Hall is officially not listed with a realtor any longer. They didn't want to drop the price from $250,000 due to the strong books and Records indicating how good the business is doing. They felt it would affect other sales in the area which I fully agree on.

But I am still going to privately sell the business for $150,000!!! Like I have said in previous posts, we will train and give the buyer every detail of the business to make them succeed. Like any business you need help and help you can trust! The potential is unlimited!!!

The leagues are starting up in full force in Sept so you will have 5 days a week league play plus tournaments on fri and sat nights with a monthly event and the regional event.

The regional is still being worked on with Mountaineer casino as I type this. I will do what ever it takes to help you out but it is time for us to move on to the south!

I thank every player that comes to our events and has a great time...we aim to please!
 

jgdwvu11

AzB Silver Member
Silver Member
Well, I have many responses and people interested in the pool hall...the issue of course is money and people trying to get funds for a commercial loan...it is amazing what banks want to secure a loan - like dollar for dollar loan or 150% collateral. Of course my bank I use will take your money and give you a 2% loan on your funds which in essence you are paying yourself back.

I am willing to drop the purchase price to $120k just to get it moved quickly.
 

jgdwvu11

AzB Silver Member
Silver Member
Thanks Dfitzpatrick...no legacy here except to make a pool room what it is supposed to me...I am lowering it to $100k and that is as low as I can go...working with 3 people now to see what they are going to do...simple math if you want to work...
 

jgdwvu11

AzB Silver Member
Silver Member
We will consider partial owner financing at this time...$50,000 down and $1000 a month...we will train the buyers on all aspects of the menu of our great food and leagues.
 

jgdwvu11

AzB Silver Member
Silver Member
sale

Still for sale even with the 3 buyers hanging around as everyone is stuck on the wv laws for owning the poker machines and alcohol licenses...we are willing to work with the RIGHT fit...please contact me if you would like to discuss it...price is $150,000!!!!
 

nbkvig2

Pool Hall Owner
Wish this was closer....I'm on the west coast and would be interested in adding another poolroom to my ownership. Your price is just enticing enough for me to possibly look into this lol. I wish you the best of luck nonetheless!
 

jgdwvu11

AzB Silver Member
Silver Member
Sold

We have sold the contents of the building for all the billiard equipment to open a Pool Hall Club only 5 miles from our current location but in the state of Ohio. I realized the state of WV was just too complicated for all the out of state buyers to acquire the Gambling machines and Liquor licenses.

The new location will have all the great amenities we have now but 24/7hr-365days a year access through memberships. Applications will start to be taken in late May 2015 and the transition/move will happen June 1st!

New name:
Behind the 8Ball Billiards Club
www.bhindthe8ball.com
56731 Colerain Pike
Martins Ferry OH 43935

1-740-491-0199
s.smotorsports@yahoo.com
corner-pocketbilliards@comcast.net
 
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