The sad thing is when a market like LA squeezes out most all the pool rooms-that happened 20 years ago here. People forget about pool. The occasional players-not like AZB people who are league, lifers, and hardcore pool people(we are the minority)
Bangers keep pool rooms open. Not players.
The occasional players forget what pool is in the absence of pool rooms. And after 20 years it’s just gone.
Right now I 100% guarantee if I bought a building, paid all cash for it-so my expenses would be property tax and electricity.
Built it out and paid for everything so no debt. Just payroll, property taxes and what ever variable overhead from the bar/food would be. I still couldn’t make a pool room work here.
People in LA don’t remember what a pool table is, there’s very few players and not much league action. And no $ action. A perfect pool room by a banger, drinker, players room would sit empty in LA now. Pool has left the City.
Drive 5 hours to Sacramento and you have a completely different story. Sac is a pool players city. There’s deep roots in pool there, new guys coming into pool. I cut my teeth and earned my bones there in the mid to late 80’s and it’s still going strong. Sacramento is a completely different market.
Once an area loses pool, it’s hard to get it back. That’s my point.
Let’s do some fun math. In LA a 7500sf room is $21,500/mo in rent. So $650/day, call it $500/day for employee’s (less on week days, more on weekends-just averaged all that) so we are now at 21.5K plus $15K and another $5k/mo for insurance and electricity, permits, licenses, cloth on the tables, shampoo the carpet etc. we are at $42.5 to $45k a month or $1500/day to open the doors.
How in the world in a city of 20,000,000 people who forgot what pool is are we gonna cover a $1500/day nut on a leased space that’s 7500sf(not a big room)???
Impossible.
In Sacramento you can cut that number in half and there are players there and recreational players that could support a room with a $750/day nut.
NYC idk enough about. But if there isn’t a replacement room in a few years-it’s all done…..that gap between rooms is toxic to the existence of pool.
Fatboy<——-would open a room if it made sense. But it doesn’t here