Patrick Johnson said:
Does anybody know of a model business plan specifically for a pool room? I know there are lots of generic business plan templates on the web, but I don't know of any that are specifically for a pool room (you know, with estimates of hourly rates, hours of rental per table, etc.).
Thanks for any tips you can provide.
pj
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Does anybody know of a model business plan specifically for a pool room?
I do not believe that their is a Model Business Plan for pool rooms. I own a room and my room is tailored to the area where it located. Some of the things others posters have said I totally agree with, such as, keeping the room all ages, and if possible selling beer and food. Having well maintained equipment is also necessary, and I also think it is important to maintain it yourself.
What I do not agree with is not selling merchandise, I have a fully stocked pro-shop and I keep between $25,000 and $40,000 in merchant dice, IE, cues, cases, and all accessories on hand for sale. I have cues from the Asian imports to 1 of Kind Customs cues, this gives the any buyer something to look at. I also offer cue repairs, which include anything from a tip to a complete re-finish. For basic repairs such as tips, wraps, shaft cleaning, refacing a joint, and other minor repairs, I do them while the customer waits. I also build customer conversion cues, that are currently selling from $450 to $1000 with two shafts. Trust me there is a great deal of money in repair work, and offering everything above will bring you a continued flow of business even when the business is slow.
I also recommend Pool Leagues, this will bring in another steady flow of customers, who will buy things they need and have repair work done. Today the kids have more money than anytime I have ever seen, kids really love pool if it is promoted to them. They will buy cues, cases, and spend a great deal money on table time, and all you have to do is take an interest when you see that kid that is trying to learn. Many people do not want to deal with the under aged because they think that they will have to many problems, and this can be the case. However, if you make rules, insure your rules are understood, and enforce them fairly, while treating everyone with respect you will have no problems long term.
Like I said in the beginning, each location that someones opens a pool room at will have a different business plan based upon the laws, population, and environment of the surrounding area. Somethings may work, and some will not depending upon the above. What I did was check out ever room in the entire state where I am located. By doing this I found a formula that worked, by taking the good things I saw, and by finding a way to be different than anyone else!!!!
Good Luck, and Merry Christmas!!!!!!!
