Postings Advertise Resources Blog Discussions About Us Register Login BizBen Podcast   BizBen Podcast  
BizBen.com
500 New & Refreshed Posts, Postings Daily
Over 8,000 Postings & 2,500 Resources
Assisting Buyers & Sellers Over 25 Years!

Categories

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



Posted By: Joe Ranieri, Business Broker: LA, Orange Counties.   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!

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.


Other Related Blog Posts, Articles, And Discussions You May Be Interested In

Key Factors Play A Role When Selling When To Sell Your Small Business - Many Key Important Factors Play A Part

Determining the right time to sell a private business is as much an art as a science, because there are so many factors at play and each business is unique. The timing of a business sale is critical. Christina Lazuric, CBI, Orange County Business Broker discusses this topic on this BizBen Blog post.
How To Select A Business Broker Selecting A Business Broker To Sell My Business: What Should I Look For?

What should your business broker do for you to successfully sell your small to mid-sized business? Well, there's many things that a qualified business broker can and should be doing for you. Multiple ProIntermediaries and ProAdvisors give suggestions and tips to sellers in this BizBen Discussion.
Taking Back Up Offers Important Back-Up Offers: Crucial When Buying Or Selling A Small To Mid-Sized Business

An often overlooked aspect of selling (or buying) a small business is taking back-up offers during the entire process of selling (or buying) a business. Most sellers (or buyers) don't realize that over fifty percent of all deals/contracts fall out escrow or contract for one reason or another.
How To Buy A Dry Cleaners Finding A Dry Cleaner Small Business For Sale That Will Be A High Performer

Before you buy a dry cleaners small business, read these critical tips about this industry. Discover why a dry cleaner needs to be "green" to be profitable. Peter Siegel, MBA (BizBen ProBuy, ProSell Program Advisor) explores this topic and other helpful strategies on buying a dry cleaning store.
Buying A Business Losing Money Should I Buy A Small Business That is Losing Money? Brokers & Agents Discuss

When considering buying a business that is losing money one has to be very careful. There are reasons that the business could be losing money that aren't fatal or extremely difficult to fix and there are other reasons that should send you running in the other direction. ProIntermediaries discuss.
Co Brokerage When Selling A Business Before You Select A Business Broker: Do They Co-Broker With Other Brokers?

To receive the fullest exposure for selling their business, small business owner/sellers should make sure their listing broker or agent is co-operating with other business brokers and agents on their deal. Christina Lazuric a Orange County business broker discusses this topic with BizBen Users.
Business Broker Likes Purchase Agreements Advantages Of An Asset Purchase Agreement (Contract) Over A Letter Of Intent

An LOI may very well be appropriate for lower middle market transactions of $5,000,000 or more; but, for deals less than that an Asset Purchase Agreement ("APA") with contingencies on the actions of the buyer (and seller) is much more efficient & effective. Tim Cunha, JD (Business Broker) explains.
Buying A Janitorial Service Janitorial Cleaning Services: 6 Considerations When Buying A Janitorial Firm

Buyers interested in buying a janitorial cleaning business will find companies in this industry for sale that are quite profitable. Careful due diligence, including the six factors covered in this blog post, is advised before completing a deal. Peter Siegel, MBA with BizBen explores this industry.
BizBen Thursday Evening Podcast Sessions Live BizBen.com Sessions Podcast: Upcoming Schedule, Topics, & Panelists

The BizBen.com Live Sessions Podcast is held on select Thursday evenings at 7PM. This 45 minute session is comprised of questions and topics that have been emailed and texted into the Host of this podcast Peter Siegel, MBA and informative panelists: ProAdvisors, ProIntermediaries, & Special Guests.
Buying An Absentee Small Business The Pros And Cons Of Buying An Absentee Run Small Business In California

Peter Siegel, MBA - BizBen Founder discusses the difference between a hands on owner and an absentee owner. It covers why someone would want to be an absentee owner and then goes on to discuss the pros and cons of buying an absentee run small business in the California marketplace.