Pool Hall Investors

Colin Colenso

AzB Silver Member
Silver Member
Firstly Mike, I hope you don't mind me posting this here. I checked the other sections and they didn't seem appropriate. You may shift this thread there if you wish...no problemo.

I would like to talk privately with anyone with a serious interest in investing in a pool hall in Shanghai, Mainland China.

I can tell you that the potential for this industry in Mainland China is huge, and that I have been well anchored in the industry here for several years running the highest profile events through my company www.hamcorp.com and the world's busiest billiard website www.top147.com here in China. Also see my bilingual billiard instructional website www.cuezine.com

For a little background, let me tell you that Mainland China has a culture very much like Taiwan, but it's development is a few years behind, although economically racing forward. Billiards will go through a huge boom in this country in the next 10 years I am sure. There are already 500 clubs in Shanghai alone, with a population of around 16 million people in the city. Most of these clubs are run with a business acumen reminiscent of the 1950's in the west.

I want to start a club here to revolutionize the pool hall business here, and use all my other channels to promote the brand of this club nationally as an elite venue. But I need financing and I would prefer a westerner with knowledge of western practices and experience in the industry.

PM me or send to my email as provided in my profile for more information, SWOT analysis and business plan.

Below is some info on the pool scene in Taiwan, extracted from the interview with Mr.Tu on the www.worldpoolchampionship.com website.

[In Taiwan] where these days pool is loved like no place else on Earth, a place where pool players are treated as celebrities and the sport is even studied in school.

More than 2 million Taiwanese, nearly 10% of the population, play the game. The island's 2,500 pool rooms generate an annual income of US $800 million. A professional league is broadcast on television every Wednesday night for five straight hours, attracting viewers young and old, as well as steady sponsorship.

Taiwan's professional pool players, both men and women, have risen to become some of the best players in the world, and have achieved celebrity status at home. Pool is now the second-most-popular sport in Taiwan next to baseball.

"Thirty and 40 years ago there were not many places of leisure for people to go," Mr Tu said. "

[T]hroughout the 1990s Taiwan often played host to big-time international pool championships, including three world nine-ball championships. But the game achieved real prominence, and true legitimacy as a sport, when in 1998 Taiwan took home three gold medals, two silvers, and one bronze from the Asian Games in Thailand.

"When we came back from the Asian Games," Mr Tu said, "the government made a complete turnaround. ... within months of the Games the number of pool halls across Taiwan shot up to nearly 4,000 with upward of 70,000 tables.
 
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Hope you don't mind me bumping this thread onto the front page just for the work week crowd who may have missed it:-)

btw: Thanks to those who have contacted me with an interest so far.

Some good news is I just arranged a deal to run an international 8-ball challenge in China. Will provide detailed news of the event here at a later date.
 
good news indeed.

i haven't heard of any international tournament being held in china. i'm glad there's going to be one this year. God bless you in this endeavor and i hope this will be an annual event. :)
 
888 said:
i haven't heard of any international tournament being held in china. i'm glad there's going to be one this year. God bless you in this endeavor and i hope this will be an annual event. :)

Thanks 888! By the way, 888 is a very lucky number in Chinese as its pronounciation is similar to to word for 'rich'.

There have been several World Snooker events in China before but that was cancelled due to lack of sponsorship support.

There have been a couple of Taiwan with China pool events and some Vietnamese came over but the events were not of high note.

The new event I am arranging will also be nation v nation teams event but will be highest profile pool event in China thus far. Hopefully we can continue to expand to more and bigger events in the next couple of years. I think it is just a matter of time until Mainland China becomes a major hub of international billiard events.

You can still watch my event from March this year via streaming video.

Just paste this mms://61.172.201.153/2004/040229.wmv
into browser window or into windows media player to watch. It is the National Snooker League final 4 hours long, no commentary but should be quite clear to watch. Slide time bar to the 40 minute mark where the action begins.

You'll see Amway and Fosters are the sponsors, which was a big step forward for the game here. You may be able to make out my company's logo HAM on the back signboard.
 
Don't get me wrong, nothing wrong with you looking for investors I guess (thats mike's call), but you havent mentioned much about the structure or the pool hall or anything. I am sure many people can figure out the economic potential in China - espeically Shanghai, but you said yourself there is about 500 pool halls or so there now already?

you say you want to open an elite pool club there? well, I am currently looking at places in HK to open one with the funding already, but thats another story. And I am probably sure that the numbers are easier to run with in Shanghai, but the politics there are much worse.

Additionally, you might want to approach some of the smaller Food and beverage groups in HK and China to look into it. 97 group, elite group and lan kwai fong group all do investments in China now, and if you throw them a good concept they would look nto it and htey have quite a big fund to play with.

Regards.
 
TheFish said:
Don't get me wrong, nothing wrong with you looking for investors I guess (thats mike's call), but you havent mentioned much about the structure or the pool hall or anything. I am sure many people can figure out the economic potential in China - espeically Shanghai, but you said yourself there is about 500 pool halls or so there now already?

you say you want to open an elite pool club there? well, I am currently looking at places in HK to open one with the funding already, but thats another story. And I am probably sure that the numbers are easier to run with in Shanghai, but the politics there are much worse.

Additionally, you might want to approach some of the smaller Food and beverage groups in HK and China to look into it. 97 group, elite group and lan kwai fong group all do investments in China now, and if you throw them a good concept they would look nto it and htey have quite a big fund to play with.

Regards.
Thanks for the feedback Fish,
I'm looking atsome alternate venues from around 50,000 to 100,000 [Edit: Oops, make that 5,000 to 10,000...we're used to metric here] square feet. Concept is billiards sports bar. Investment level is in the range of US$80k-US$150k depending on venue choice and share of investment.

This amount is considered too small for VC companies I believe so an angel investor may be the best option.

If you want more detailed info, feel free to send me an email on colin at hamcorp dot com . I would appreciate just getting your advice.
 
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