Quote:
Originally Posted by Mustardeer
No day job. I’m an entrepreneur, I work on various projects but can work on this full time if I choose to. Can invest 50-200k solo. I can also recruit a few partners if it makes sense financially. I’m in a major city. Unfortunately there’s a ton to do over here. I think pool works best in the middle of nowhere where all they got is pool. But it can be done. A few rooms here are making ok money.
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A lot of hassles.
Guy who owned the room before me, who lost it to fire, told me fir 5 hours why I'd be crazy to open the room again. Everything he spoke to me about has come to fruition and more. I love the game and won't settle to see it go the way the other room in town has. I'm up to the challenge most days. Im working 3 nights a week plus my day job, going in on weekends. Shopping with my wife who also does a few day shifts. She does all the books which is easily 4 hours a week. If you are in it to make money, I'm sure there are easier ways. Myself I can make $86 an hour per diem at the hospital. Like I said for me it's not about money. We have rebuilt a room for all the old timers, regulars and give the public a better option than the Dave and Buster's pool hall up the road.
Look at everything. Price it all out. You can write-off a ton in the first few years. You will need a great tax man. Use Paycheck for payroll, very simple. If you accept credit cards charge a 3.5% conveinience fee.
Your average customer will spent 12 to 15 bucks. You need to keep overhead low. I need to make $380 a day...covers everything. That's because I bought out a full pool hall for peanuts after the fire, built the entire room ourselves and hustle for every improvement we made including Diamond tables.
If you have any specific questions please ask. It will take 3 years to build your business. Very hard to spread the word to the general public. You need to really figure how big you can go. I think for many it is go big and go broke.
