Play In A Tournament To Win My Pool Hall

R

rainman432

New member
I would like to say hello to everyone and thank you for welcoming my membership to this forum. I have been a lurker for quite sometime and have learned many things from many people.
This post is about a tournament I plan to hold this year.
After dealing with attorneys as well as state and town laws I have received approval to move forward.

Basically the winner of this tournament will win my pool hall located in Northern New Jersey. I am currently working on the format and date. Any feedback, both positive and negative would be appreciated.

Thank you in advance for your time and interest.
 
I would say that the best player doesn't necessarily have to be the better poolhall owner/manager. Maybe more details are needed to understand the reasoning behind this.
 
Is there a really steep entry fee? Is this a new way to sell a pool hall? If so, I gotta admit I like your ingenuity. Don't know that it will work, but I like creativity.
 
I have to say, this is one of the more intriguing first posts I've come across.
 
Last edited:
No Debt

We have no debt whatsoever. The new owner will walk into a fully fuctional operating business.

Thanks for your reply
 
rainman432 said:
I would like to say hello to everyone and thank you for welcoming my membership to this forum. I have been a lurker for quite sometime and have learned many things from many people.
This post is about a tournament I plan to hold this year.
After dealing with attorneys as well as state and town laws I have received approval to move forward.

Basically the winner of this tournament will win my pool hall located in Northern New Jersey. I am currently working on the format and date. Any feedback, both positive and negative would be appreciated.

Thank you in advance for your time and interest.
Click to expand...

How much are the back taxes?
 
Sounds like a real cool idea. Good luck with the tournament. I hope you get enough out of it for the poolroom. Also good luck to the new owner. Johnnyt
 
Thanks, but do we get any more details than that, such as the entry fee? What game? Location? Do we get to examine the books, so we know what we are trying to win? Whats the rent like, and the bills? Sounds great, but also sounds too good to be true.
 
Bambu said:
Thanks, but do we get any more details than that, such as the entry fee? What game? Location? Do we get to examine the books, so we know what we are trying to win? Whats the rent like, and the bills? Sounds great, but also sounds too good to be true.
Click to expand...

He said more details will be coming soon. Are you even going to play in it? Johnnyt
 
Yeah Right, and if I buy a Sham Wow I will never have to buy paper towels again. ;)

bigshooter believes it when he sees it.
 
lol, do they get the building as well, or does it have a lease? If it has a lease then 99% of the players would need a co-signer. How about the utilities? Vendor leases? Equipment?

There is a lot you are leaving out here. If this is legit then every little detail would need to be ironed out before hand. Taking over an existing business requires a little more than simply winning a tourney, lol.

If it's legit and you can get all the details worked out (no small task considering credit, operating cash, etc..), then it would be a good idea to possibly sell a pool room.
 
Johnnyt said:
He said more details will be coming soon. Are you even going to play in it? Johnnyt
Click to expand...


Still too vague for me to say, but it sounds like a tease. One thing is for sure, I'm not playing to try to inherit another failing room.
 
rainman432 said:
I would like to say hello to everyone and thank you for welcoming my membership to this forum. I have been a lurker for quite sometime and have learned many things from many people.
This post is about a tournament I plan to hold this year.
After dealing with attorneys as well as state and town laws I have received approval to move forward.

Basically the winner of this tournament will win my pool hall located in Northern New Jersey. I am currently working on the format and date. Any feedback, both positive and negative would be appreciated.

Thank you in advance for your time and interest.
Click to expand...

Assuming the new owner wins a turn-key business that is free of debt then I see this as a great way to attempt to sell a pool room - EXCEPT that the quality of the players signed up is going to limit participation.

For example I would like to own your pool room and I have $1000 to throw at it - but I am not signing up if Johnny Archer is signed up as well. Now I might get another top pro to play for me, so I suggest that you make sure to put it in writing clear as day that the WINNER of the pool room is the PERSON who plays and any deals between THAT person and third parties have nothing whatsoever to do with you.

It would be quite interesting to see a tournament full of top players vying for a poolroom. First time ever that they played to get a job :-)
 
Lets just say that everything is above board and the room has no debts. Lets just say this guy has had enough of running the room and just wants to sell it.

In that case, get 100 people witha $1,000 entry. Theguygets his money quickly without trying to sell the conventional way. This guy is a a genius great idea
 
A guy in my hometown was going to hold a golf tournament, four figure entry fee, with the golf course as the prize. The tournament was conditional on a minimum total in entry fees being collected.

It never happened. Not enough suckers.:D

The main problem is that, if the prize is big enough, you have to assume that only a small select group of players would have a chance of winning, so no hackers will be willing to contribute. Unlike a lottery (a voluntary stupidity tax), where no brains is a requirement, a golf or pool tournament requires skill to win.
 
Last edited:
corvette1340 said:
lol, do they get the building as well, or does it have a lease? If it has a lease then 99% of the players would need a co-signer. How about the utilities? Vendor leases? Equipment?

There is a lot you are leaving out here. If this is legit then every little detail would need to be ironed out before hand. Taking over an existing business requires a little more than simply winning a tourney, lol.

If it's legit and you can get all the details worked out (no small task considering credit, operating cash, etc..), then it would be a good idea to possibly sell a pool room.
Click to expand...

What Fedor The Clown said. :)
 
You must log in or register to reply here.
Back
Top