My own billiard room

Teacherman said:
For the amount of money he's talking about a liquor license is very important.

However, if you would compare successful alcohol pool rooms v successful no alcohol pool rooms, you might be surprised at which makes the most money.

There is a standard line going around that "alcohol is where you make your money". I tend to disagree. It obviously plays a role or you wouldn't sell it. But, are you a billiard room with a bar................or a bar with pool tables?????

Very important question.
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And this is where many people make their mistake. Running a bar isn't easy work. Combine that with the fact that most people have no experience and learn as they go, add that to the stress involved. Alot of people believe that you just set up shop and the money will roll in. It doesn't work that way. Whether or not you serve beer & liquor, or just beer, you will have to factor in your slow periods from your peak periods. Dec-Jan have always been months that will make or break your business. Its not so much what you are selling (Beer, wine, Liquor) as compared to how you get people into your room. I've heard many people tell me how impossible it is make business in these slow months, yet I was always able to generate cash flow due to NFL playoffs combined with promotions with my vendor.

Scott, if you want your business to be a success, find people that are where you want be and observe what they are doing correctly. Also, go to rooms where they are not doing so well and take note of what they are doing wrong. Above all, ask a lot of questions. Take a lot of notes. Business plans will be different from room to room because of clientele, location, and different business styles. Either way, its a constant challenge to meet and exceed your goals.
 
If you can pull off a $500,000 loan with no collateral and one liability (your car) let me know who those fools are.

Keep dreaming. LOL

Jake
 
Teacherman said:
...There is a standard line going around that "alcohol is where you make your money". I tend to disagree. It obviously plays a role or you wouldn't sell it. But, are you a billiard room with a bar................or a bar with pool tables?????

Very important question.
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I'm quoting myself above to add another point of discussion. The difference between a billiard room with a bar versus a bar with pool tables is a major factor in why the sport of pool still lags way behind other similar sports (golf, tennis, bowling etc)
 
StatMan said:
I think you're wrong Matt, an ASSET is anything owned by an individual or a business, which has commercial or exchange value. Assets may consist of specific property or claims against others, in contrast to obligations due others.
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"Oh, you have a 1997 Camry? Well why didn't you say so earlier sir..... here's a half million dollars, pay us back when you can. If you don't, just keep in mind we're going to have to come after that sweet Toyota"
 
If you are a veteran, you can borrow some Money from the Small Business Admin...or the VA
 
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