Would you buy Mainstreet?

Would you buy mainstreet?

  • Yes!!

    Votes: 6 35.3%

  • no...

    Votes: 5 29.4%

  • Maybe.

    Votes: 6 35.3%
  • Total voters
    17
S

Side Pocket Kid

Poolhall Junkie
Silver Member
The owner of mainstreet in statesboro is selling her pool hall for only 26,000$
I remember there being atleast 10 tables from the last time I visited, I cant remember if they were gold crowns but positive they were brunswick. It has a kitchen and facilities and all that it should. The local university ( Georgia Southern ) has had their pool room replaced by a starbucks :eek: what a shame... but because of that, it should be bringing more business to mainstreet. Also mainstreet will now be holding the universities pool tournaments and the ACUI qualifications.

A few of my friends have tried to buy it from her ( Thank god! My dream has come true... free pool! )
But! she won't sell it to either one of them!!! says they're to irresponsible (which is true but not the point!)

Would any one of you think of buying mainstreet.....
The price can't be beat, but the location can...

(also... this woman is pregnant and I can't believe she hangs arround a smokey pool room all day!!! She's saying we're irresponsible?!)
 
I say ...

Go for it, but after having an accountant go over the
books for the last 3 years. And if you do, you need
a good business plan and good management. This won't
be a hobby anymore, it will be business.
If you make it a good room, with good service, and
good equipment, customers will come. I know you
full sized table advocates are all for your tables, but
I would put in some oversized 7 footers. You have to
consider your customer base, and what they like to
play on, and beginners do not like full sized because
they have all they can handle on a 7 footers. Plus,
most gambling for the average person takes place on
a bar table. The worst thing you can do is think that
you and your buddies are going to have free pool and
drinks, you will go broke.
 
A local player started a pool hall. He has been in business now for at least 10 years. He was considered a good player and usually placed in the money.

He has totally given up playing pool. He said he had to quit or go broke.

It is now a business and not a hobby.
 
It would have to depend on the lease and how much you were paying per sq. ft. plus if there is a cam charge.Then there is all the other hidden costs.The best you could do without being there is going over the demographics for a 5 mile area.
 
Side Pocket Kid said:
The owner of mainstreet in statesboro is selling her pool hall for only 26,000$
I remember there being atleast 10 tables from the last time I visited, I cant remember if they were gold crowns but positive they were brunswick. It has a kitchen and facilities and all that it should. The local university ( Georgia Southern ) has had their pool room replaced by a starbucks :eek: what a shame... but because of that, it should be bringing more business to mainstreet. Also mainstreet will now be holding the universities pool tournaments and the ACUI qualifications.

A few of my friends have tried to buy it from her ( Thank god! My dream has come true... free pool! )
But! she won't sell it to either one of them!!! says they're to irresponsible (which is true but not the point!)

Would any one of you think of buying mainstreet.....
The price can't be beat, but the location can...

(also... this woman is pregnant and I can't believe she hangs arround a smokey pool room all day!!! She's saying we're irresponsible?!)
Click to expand...

A business like that is worth at least one years net plus equipment. Does it have a lease or is it from month to month? Why is it so cheap?
 
Snapshot9 said:
Go for it, but after having an accountant go over the
books for the last 3 years. And if you do, you need
a good business plan and good management. This won't
be a hobby anymore, it will be business.
If you make it a good room, with good service, and
good equipment, customers will come. I know you
full sized table advocates are all for your tables, but
I would put in some oversized 7 footers. You have to
consider your customer base, and what they like to
play on, and beginners do not like full sized because
they have all they can handle on a 7 footers. Plus,
most gambling for the average person takes place on
a bar table. The worst thing you can do is think that
you and your buddies are going to have free pool and
drinks, you will go broke.
Click to expand...

A pool room is a cash business for the most part, there will be no real books to go over. Most pool rooms make no money at least on paper. You have to know the place, check out everything, lease, licenses, local ordinances that govern the business and so on and decide if you want to make the investment. Some towns have ordinances such as closing hours, parking requirements, no alcohol beverages what ever that all but say, "We don't like pool rooms". I checked out one town and found out they had a license fee for pool tables of $1500.00 per table per year plus the regular occupational license. They made it clear they didn't want any pool rooms in their town.
 
She is looking for one flat quick fee of 26,000$ She wants mainstreet out of her hair...
I mean cars are worth 26000.... pool halls are at least 100000...
 
Side Pocket Kid said:
She is looking for one flat quick fee of 26,000$ She wants mainstreet out of her hair...
I mean cars are worth 26000.... pool halls are at least 100000...
Click to expand...

That does not tell us anything. Is the lease running out and the building going to be torn down or something? There is more then you know or the price would not be what it is. It may not even be worth that if you knew all the details. I called there and got no answer, what are their hours, aren't they open in the daytime? I know from reading their city ordinances they have closing hours for pool rooms set at 1 am. I could not tell from what I read if you can sell alcohol in pool rooms or not there, but I tend doubt it though. You need a lot of questions answered and not from the owner. Assume what ever she tells you is not the complete truth. Do the checking on your own.
 
Last edited:
macguy said:
That does not tell us anything. Is the lease running out and the building going to be torn down or something? There is more then you know or the price would not be what it is. It may not even be worth that if you knew all the details. I called there and got no answer, what are their hours, aren't they open in the daytime? I know from reading their city ordinances they have closing hours for pool rooms set at 1 am. I could not tell from what I read if you can sell alcohol in pool rooms or not there, but I tend doubt it though. You need a lot of questions answered and not from the owner. Assume what ever she tells you is not the complete truth. Do the checking on your own.
Click to expand...
oh.. I wasn't going to buy the pool room anyway... no.... I have no money for that..
The lease is not running out anytime soon i'm sure...
Not being torn down either....
She's gotten really lazy lately and has not been showing up to work everyday, thats the reason no one answered when you called...
Alcohol was served and food too.... but this summer she stopped.... and the only thing you can buy from her is $1 tap water :mad: She charges for water from the dirty tap....

Im sure the only reason she wants to sell it is because she doesn't put enough effort into it.. she doesn't know how to manage a business...
Shes going bankrupt and needs to get quick money... Im not completly sure on the details for I live 4 hours away...
 
Side Pocket Kid said:
Im not completly sure on the details for I live 4 hours away...
Click to expand...




So you are going to drive four hours for free pool? I think it would be wiser to buy a pool table.
 
I wouldn't buy it for $26 let alone $26,000, it's no secret that the vast majority of poolhall owners make little or no money.
 
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