Looking at opening 2 halls.
This has been a rather spirited discussion and interesting.
Dave I know your hall and have played there several times. Rumor has it you are looking to expand. Best of luck. If my projects take flight I will be contacting you.
I am currently looking to purchase a turn key hall locally. Its 5000 sqft and the rent per month is 2550.00 per month. Its expandable to 7000 sqft. Currently 16 tables. Unfortunately the owners of the hall didnt get more than a 5 yr lease with no gaurrenttes or options. Bad move there.
Its my understanding owner of the property is a tough nut if you get my drift. Current rent is 30,600 @ a 1.96 per sqft if my math is correct. Utilities very from about 550 to 750 a month depending on the season. The joint has a bar, kitchen and simple snacks. I have been offered the equipment and am seeing about a take over. They are grossing between 5500 and 7500 a month depending on the season. There is def room for improvement. They do not do any advertising or hosting of events.
I have second location available to me that is 3600 sqft. Starting rent will be 2000 or a bit under. That would be 24000 a year for arguements sake @ 1.80 per sqft plus utilities. I am figuring Max 30k in renovation to open the door. Prob less. I am a contractor so labor for the renovations is going to be close to nonexistent. For that which I am not qualified to do I am horse trading with my brethren in the contracting industry.
Currently I have access to a pool hall that is for sale about 2 hrs from me. Comes with 15 Gandy Big G's and 2 7 foot tables. The price tag is 25k with every bit of equipment that is in the pool hall. Counter, service station obsevation tables etc.
I will be doing wine and beer and simple foods. The landlords own a restaurant adjacent to the building. There will be a full menu for back door take out.
The building is 45x80. 45x30 of the building is at a higher elevation which will make for the observation and bar area. It will also house 2 to 4 7 foor tables for league play.
I am trying to think outside the box. As I cant go full upscale I am thinking mid scale in an eclectic way. I have local artists that would like to display their wares. I am also thinking pairing wines and cheeses along with other simple foods. Restaurant billiards halls seem to be the trend. I think my idea is sim but sufficiently different that it would attract attention. I also plan on making the hall attractive women.
Times def have changed and as far as I am concerned if you cant attract the ladies you are loosing out on a large portion of the market.
I am also looking at installing 2 Gabriel 3C tables as we have a large hispanic and asian population in the area. 3C is thier prefered game and there is nobody catering to them.
League play is very strong in the area. APA divisions. I think I can capture eight 8 ball teams in each hall. I also believe I can host an entire division in the second hall for APA 9 ball on the 9 footers.
The smaller of the halls is a drive-to destination. It is in a section of town where it would be inconvient for questionable characters to come to unless they have transportation. There is a school close enough that any nafarious activity is an instant fellony.
Currently there are no pool halls in the city. I am dealing with a population of over 30,000.
Poor management and small mindedness kills.
Bottom line. I am looking for some input to go about this the right way and only have to do it once. What I am looking to do is move away from the contracting. I have been doing it a long time and have not gotten injured as of yet and want to keep it that way.
Sorry for being so long winded.
