I had to read this post several times, boy what a bunch of bull
Man you better learn some math. You are so far off it makes me wonder if you are a real b.s.er or are for real with no concept of figures.
Lets start, you , damn had to read it again, I dont know where to start.
You use the term foot and square foot so you confuse me. Either way
Nobody pays 5 bucks a sq. ft that would be 75000 a month not a year. And if you say it is 6250 a month you are only paying about 40 cents a sq. foot on 15000 sq. ft. Man I would love to pay that little a month .; I pay more than that for half the space and I do just fine. You are screwed up somewhere. Now if I had to pay 2.50 a sq. foot I would be out of business unless i charged 20 bucks an hour, for some reason you think people pay that in pool rooms. Your nuts. I and many room owners I know pay about a buck or more but less than 2 per sq ft. Now the next math problem, you say you friend paid 60 cents a sq ft on 6000 sq ft room. Man get a calculator. that is 3600 a month. Leases are per month where i come from not per year. You state 5 dollars, then if thats a month it would be 30000 a month, that is way to high, but it it is a year then that is a steal at about 2500 a month. My rent is 3 times that and It is fine That is only about 45 cents a sq. ft. per month. Plenty reasonable. You pay those high rents in the heart of cities not where you build pool rooms.
Remember the prices you are quoting is 35 years ago, my rent was cheap then too. Rent goes up, then pool time goes up. It is called inflation.
Buy a calculator or better explain your rant.
Nineballggs said:Thank you for your reply...ISSYCUE.....Good Reading......I would invite you to go to my web site www.leatherpocket.com.....and click on The Controversial Corner.....Click on the 2006 season ( green )....and read my last article. You see, what you suggest sounds good....but just to give you an update in the Northeast.....There used to be a bowling alley in almost every town....there is now one.....and making no money... To get a better grip on my view....The problem is who is going to pay the rent and utilities on the facility you need to house a decent size room today...The housing market has gone the same way as this industry....You can't get a builder to build you a "ranch" anymore....."Ranch....they say....Shoot I am too busy building $ 800,000 houses". So where did the "Ranch" business go..???? The only facility left in this region has 40 some odd tables....and is a beautiful upscale room....It has been rated one of the top 5 rooms in the country. It is huge....now lets say you "Stole" the place for $5 a foot...Gross.....no triple net lease......Do you know what the rent is on a space with say 15,000 sq.ft. Try $75,000 per year...or $6,250 per month...and that is just THE RENT.....Keep in mind you would not want the place you get for $5 per foot.....Rents today are more like $10 to $20 per foot...and they want triple net.....thats usually another $2-$3 per foot..........Do the math.....There is not a billiard room around that can pay that "Nut"....I am talking about a billiard Room.....NOT a Dave & Busters.....That is not a Billiard Room.....It is an entertainment center....In fact their pool business is probably the smallest part of their revenue.... So, while I am not trying to sound negative....just realistic after doing it some 18 times.....Times have changed.....There is too much for people to do....and most people can't keep up with themselves...they are moving so fast ......If this business was doing so great or could rebound......Why are the ones left giving table time away...or offering fantastic deals all day.... Bottom Line.....If there was a market for the product.......You would see me right smack dab in the middle..... History shows.....it revolves in a 20 year cycle....It is on its way down...and has not hit bottom yet...
Now....If you find a first class location....not in some alley....or up three flights .....I mean a pristene location, NO Poles.....Does not need To have $100,000 renovation....and you can rent that space for $2.50 per foot GROSS......Now you have my attention.
See if you follow this ....This is a real scenario......
There is a room in Boston, that I have know for 35 years....The original owner...Jimmy Carass' cousin....Had it and paid $300 per month rent for 6000 sq. ft. OR $ .60 per foot ...Thats 60 cents.!!!!! That room today at a steal of $5 per foot would be $30,000 RENT....$30K versus $3,600 per year...... The tables Each in the first scenario cost....$2 of floor space per month....Today those same tables would cost $18 per month to take up the exact same space.....Any wonder why billiard rooms are dropping like flies......You see this is why I said ...." This game was never meant to be upscale" ....It can not afford the rent..............There are VERY few, if any Chevy Dealers in Orange County Ca. They too can't afford the rent.
Thank you for your input, I appreciate your comments......![]()
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Man you better learn some math. You are so far off it makes me wonder if you are a real b.s.er or are for real with no concept of figures.
Lets start, you , damn had to read it again, I dont know where to start.
You use the term foot and square foot so you confuse me. Either way
Nobody pays 5 bucks a sq. ft that would be 75000 a month not a year. And if you say it is 6250 a month you are only paying about 40 cents a sq. foot on 15000 sq. ft. Man I would love to pay that little a month .; I pay more than that for half the space and I do just fine. You are screwed up somewhere. Now if I had to pay 2.50 a sq. foot I would be out of business unless i charged 20 bucks an hour, for some reason you think people pay that in pool rooms. Your nuts. I and many room owners I know pay about a buck or more but less than 2 per sq ft. Now the next math problem, you say you friend paid 60 cents a sq ft on 6000 sq ft room. Man get a calculator. that is 3600 a month. Leases are per month where i come from not per year. You state 5 dollars, then if thats a month it would be 30000 a month, that is way to high, but it it is a year then that is a steal at about 2500 a month. My rent is 3 times that and It is fine That is only about 45 cents a sq. ft. per month. Plenty reasonable. You pay those high rents in the heart of cities not where you build pool rooms.
Remember the prices you are quoting is 35 years ago, my rent was cheap then too. Rent goes up, then pool time goes up. It is called inflation.
Buy a calculator or better explain your rant.