Share This Info:  

What Are Some Tips On Buying A Billiards, Pool Hall Business?

See All Discussions   •   See All Contributors   •   All New Discussions & Comments

Comments & Replies: 1     Views: 3455     Posted By: Joe Ranieri  Joe Ranieri, Business Broker: LA, Orange County Areas

Pool Halls/Billiards in America, currently is seeing a resurgence, mainly due to pool hall owners catering to a millennial crowd who is growing up with playing pool and other games on their phones and later mingling with others and playing the sport for real. Read about the best tips for buying one!

Topics: Buying A Business     Tags: buying a business



The term "pool hall" can conjure up many different types of images, some negative, such as lowly lit rooms, whose occupants are gamblers or hustlers, who spend their day smoking, drinking, gambling and perfecting their pool technique. Billiards has an on and off again relationship in America, with some decades it being "hot" while others it being "cool". According to Billiard Congress of America "During World War II, a great number of soldiers took up billiards at military camps and the industry expected a tremendous surge in peacetime popularity for the sport. But instead, soldiers generally returned home, got married, started families and built a suburban life." Over the last fifty years, two films have revitalized the sport in America, the first being the 1961 film "The Hustler" and the 1986 film "The Color of Money". Pool in America, currently is seeing a resurgence, mainly due to pool hall owners catering to a millennial crowd who is growing up with playing pool and other games on their phones and later mingling with others and playing the sport for real.

The first thing to do when buying a pool hall is to investigate if they have a Point of Sale machine that tracks how long each pool table is being used during the day and remember that busier times will tend to be at night and on the weekends. Some pool halls will have tables that will be coin operated or have a deal worked out, so that for every 10 dollars or so that is spent for food/drinks equals 1-hour worth of pool. Regarding food and drink, a buyer should find out how much is sold, and verify licenses and permits.

In pool halls, impressions are everything. Customers notice the felt on the tables, is it clean from stains, rips and tears? How does the carpet look? Is it colorful and clean? A successful pool hall should make a conscience effort to play against negative connotations, so it should try to have the glitter and glitz of Las Vegas and less of the basement and under serviced images that we've all seen portrayed in films and television shows.

Pool itself should be what drags the customer in, but it's not what makes them stay. There should several TVs and juke box to keep players entertained, while also have darts and arcade games. To keep customers coming back, organize tournaments and offer monthly memberships.

Regarding employees, make sure they are cross trained, so that they can tend to bar or make food, but also collect coins from the arcade games or pool tables, and know how to do simple maintenance. The food item should be a simple menu that includes finger food, etc., and selection of alcohol, and again, a buyer should always investigate licenses and permits.

A pool hall will require a good amount of square footage, so be mindful of the rent, and make sure that there is good street traffic and ample parking. I've observed some of the best pool halls are free standing buildings, but there have been successful ones that neighbor other businesses.

If a pool hall is going to attract a modern and young crowd then it should have a strong social media presence, a buyer should go on sites like Yelp and see what customers are saying.


  Helpful Resources To Assist In Selling And Buying California Businesses
Lee Petsas, Business Broker - Southern California Area

UBI Business Brokers has been successfully selling businesses in Southern California since 1965. Our Agents have over 100 years of experience in selling small to medium size businesses throughout Southern California. We service Orange County, Inland Empire, San Diego. Phone Lee at 714-363-0440.

Joe Ranieri, Business Broker: Orange, LA County Areas

Having owned retail/restaurant businesses for over 20 years, my interest turned to listing and selling businesses rather than owning them. I specialize tend to specialize in high volume restaurants, fast food independents and chains, bars, and liquor stores. Call me direct Or Text 714-292-5448 Cell.

Ryan Clark, Business Broker: Southern California

The Veld Group provides a refreshing approach to Business Brokerage, Mergers & Acquisitions and Business Consulting and Valuations. From Your Street to Wall Street, we cater to Main Street Businesses as well as more complex Strategic Firms and Start-Ups. Phone Ryan, Business Broker at 310-652-8353.

William Park, Business Broker - Southern California

Highest Volume Broker in California, Simply Check our HUNDREDS of Listings! Over 25 Associates, Speaking Dozen Languages, Helping Buyers and Sellers of Small Business since 1982, Centrally Located between Los Angeles and Orange Counties, while Riverside & San Bernardino Counties are Very Accessible.

Steve Zimmerman: Restaurant Broker Specialist

Steve founded Restaurant Realty in 1996. He has personally sold/leased over 900 restaurants, bars & clubs, & completed over 3000 valuations. The author of "Restaurant Dealmaker - An Insider's Trade Secrets For Buying a Restaurant, Bar or Club" available on Amazon. Reach Steve direct at 415-945-9701.

Peter Siegel, MBA, BizBen Founder, Lead Facilitator - ProBuy, ProSell

Founder & President Of BizBen.com (since 1994) & BizBenNetwork.com. I am the Lead Facilitator for the ProSell & ProBuy Programs on both platforms. I consult daily with business buyers, owner/sellers, and intermediaries daily about buying and selling businesses. Reach me direct at 925-785-3118.

Willard Michlin, CPA, Certified Fraud Examiner, Due Diligence

Willard Michlin, CPA #106752, offers buyers step by step training & assistance in doing Due Diligence Services when they are thinking of making an offer, or are in process of investigating a business purchase. He helps to determine the actual net profit even when there is cash. Call 805-428-2063.

Shalonda Chappel-Pilgram: Escrow & Bulk Sale Services - Southern California

Escrow services to brokers/agents, sellers, & buyers. Established 43 years. Extraordinary service. Experienced with handling difficult transactions. One stop for all your escrow needs: Bulk sales, lien searches, UCC searches, liquor license transfers, publishing & recording services. 951-808-3972.


  Related Articles, Events, Blog Posts, Discussions, Videos, Interviews
What Are Some Tips For Buying A Billiards, Pool Hall Small Business?

Pool Halls/Billiards in America, currently is seeing a resurgence, mainly due to pool hall owners catering to a millennial crowd who is growing up with playing pool and other games on their phones and later mingling with others and playing the sport for real. Read about the best tips for buying one

Tips For Restaurant Buyers: How To Change A Restaurant Concept Successfully

Joe Ranieri, (Orange County Business Broker) discusses how to convert restaurants: buy an existing inexpensive restaurant and then converting it to another concept. He discusses finding the right location, working with the landlord, notifying existing clients, and observing restaurant trends.

How Long Should Business Brokers Hold On To Their Client And Deal Files?

As the year winds down, it's tempting for business brokers to go through their old files and throw them out to make room for new client's folders, but that would be foolish. Joe Ranieri (Orange County Business broker) discusses strategies for saving files - a key annual strategy for brokers/agents.

Should Sellers And Buyers Start The Training Before Or After Close Of Escrow

When should the training of the new buyer of the business actually begin? Before escrow, during escrow, or only after the keys of the business are handed over to the new owner of the business. Joe Ranieri (Orange County Business Broker - Restaurant Specialist at 714-292-5448) starts this Discussion.

Buying A Restaurant With Financing: 5 Options For Restaurant Business Buyers

In this Discussion, Peter Siegel MBA (Business Purchase Financing Advisor at 925-785-3118) discusses financing of purchasing a small to mid-sized restaurant business (with or without real estate). When it comes to financing a restaurant, potential restaurant buyers have many options to choose from.

Qualities You Should Look For In A Escrow, Bulk Sale Service When Selling

What qualities should you look for in a escrow and bulk sale service when buying/selling a business? Orange County Business Broker Joe Ranieri at 714-292-5448 addresses these issues in a Discussion on BizBen. See what qualities matter when selecting a Escrow/Bulk Sales firm when buying or selling.

Selling Buying Used Restaurant Equipment-Tips For Restaurant Buyers, Sellers

The restaurant business is a tough business to be in, no one can dispute that, and so it's imperative that an owner's equipment is in good working condition. A new owner should make sure that the restaurant's equipment is in good working order before they close escrow. Joe Ranieri gives his tips.

What Are Some Tips In Ensuring A Smooth Transition When Buying A Business?

Changing hands of ownership can seem both exciting & daunting to all parties involved, but it's important that a smooth transition occurs to maintain or achieve success of the business. Joe Ranieri (Orange And LA County Business Broker - Restaurant Specialist) shares some tips with business buyers.

See All News, Tips And Events

Joe Ranieri Orange County Business Broker
Restaurant For Sale Mono County
Veld Group Business Brokerage Los Angeles County
Escrow Town And Country Southern California
Facebook
Twitter
Linkedin
Google Plus You Tube
Vlogs and Podcasts


Auto Related
Business Services
Children Related
Communication Related
Computer, Internet Related
Construction Related
Entertainment Related
Financial Services
Health, Beauty Related
Home Improvement Related
Maintenance Related
Manufacturing Related
Media, Publishing Related
Pet Related
Photography/Video Related
Real Estate Services
Restaurant, Food Related
Retail Related
Service Related
Sports Related
Transportation Related
Travel Related
Wholesale Related

Auto Body Shops
Auto Repair Shops
Bakeries
Bars, Sports Bars
Cafe Restaurants
Car Washes
Cleaning Services
Clothing, Apparel Stores
Coffee Shops
Convenience Stores
Deli Restaurants
Discount, Dollar Stores
Dry Cleaners
eCommerce Websites
Fast Food Restaurants
Florists, Flower Shops
Full Service Restaurants
Gas Stations
Gift Shops
Gyms, Fitness Facilities
Home Health Agencies
Hotels/Motels
Ice Cream Shops
Juice, Smoothie Shops
Laundromats
Liquor Stores
Markets, Marts
Nightclubs
Pizza Restaurants
Postal, Shipping Stores
Preschools, Day Care
Print Shops
Salons, Beauty Shops
Sandwich Shops
Smog Test Only Shops
Smoke Shops
Spas, Med Spas
Sushi Restaurants
Tire Shops
Towing Services
Vending Routes
Wireless, Cellular Shops
Yogurt Shops

Alameda
Alpine
Amador
Butte
Calaveras
Colusa
Contra Costa
Del Norte
El Dorado
Fresno
Glenn
Humboldt
Imperial
Inyo
Kern
Kings
Lake
Lassen
Los Angeles
Madera
Marin
Mariposa
Mendocino
Merced
Modoc
Mono
Monterey
Napa
Nevada
Orange
Placer
Plumas
Riverside
Sacramento
San Benito
San Bernardino
San Diego
San Francisco
San Joaquin
San Luis Obis
San Mateo
Santa Barbara
Santa Clara
Santa Cruz
Shasta
Sierra
Siskiyou
Solano
Sonoma
Stanislaus
Sutter
Tehama
Trinity
Tulare
Tuolumne
Ventura
Yolo
Yuba

0 to $99,999
$100,000 to $249,999
$250,000 to $499,999
$500,000 to $999,999
$1 million to $2 million
over $2 million




BizBen - Where California Deals Get Done! 925-785-3118
7172 Regional Street #364 · Dublin, CA. 94568
BizBen · Copyright © 1994 - 2019, All Rights Reserved

               Vlogs and Podcasts  
Join Us On Social Media - Content Updated Daily
Sign Up Today - For Our FREE BizBen Weekly Email Newsletter
Includes The Best Info On Buying, Selling, Valuing, Financing California Businesses:
Articles, Blog Posts, Podcasts, Videos/Vlogs, Discussions, Q&A, Workshops, Webinars,
Resources. Watch For An Email Confirmation After Signing Up Above. Thank you.
Clost Login


Please confirm your registration by clicking the link we've sent to .

If you can't see it, please check your junk mail folder.

If you have any problems registering, or need assistance with your new BizBen User Account please phone BizBen Customer Support at 888-212-4747.



First Name:*
Last Name:*
Email Address:*
Confirm Email:*
Create Password:*
Confirm Password:*
Phone:
(   
 


You Are A:
Individual
 
Intermediary
 

Email Address:
Password:
 
Search BizBen.com

500 New & Refreshed Detailed Postings Daily
Over 2500 Resources Available On BizBen
Since 1994. Where California Deals Get Done!
How Long Should Business Brokers Hold On To Their Client And Deal Files?...
Read More News
Is Your First Offer Received Usually The Best Offer When Selling A Busin...
Read More News