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How to Write a Pool Hall Business Plan [Sample Template]

Do you want to start a pool hall business and need to write a plan? If YES, here is a detailed sample pool hall business plan template & feasibility report. Entrepreneurs are leveraging on the fact that people like to visit pool and billiard halls to to open new businesses in the industry. People visit pool and billiard halls not just for playing games, but also to rent latest gaming machines that they do not have or can’t afford.

People also go to these halls to network and discuss over drinks and snacks. In case you don’t know, most pool and billiard halls start making profits within few months of establishment. Opening a pool and billiard hall is not an easy task, and you need to be creative if you intend making money from your pool hall business. Here is a sample pool hall business plan that can give you the needed guide to write yours;

A Sample Pool Hall Business Plan Template

1. industry overview.

Pool hall business is part of the pool and billiard halls industry and companies in this industry operate facilities where consumers can play cue sports, such as eight-ball and nine-ball. Also known as billiard halls, these facilities may also offer gaming machines, foosball, darts and other games.

Statistics has it that in the united states of America alone, there are about 1,399 licensed and registered pool and billiard halls responsible for employing about 11,249 employees and the industry rakes in a whooping sum of $951 million annually with an annual growth rate projected at -5.2 percent between 2013 and 2018.

It is important to state that no establishment has a lion share of the available market in this industry. Pool and billiard halls typically charge customers by the hour to use tables, with fees that generally range from $6.00 to $12.00. Some pool halls may also maintain coin-operated pool tables, where minimal staff supervision is needed.

Additionally, pool halls operate arcade games, prize machines and gear and merchandise sales, which provide another source of revenue for industry establishments. Lastly, pool and billiard halls often sell food and beverages to customers, with operations that range from packaged snacks and vending machines to a full-service bar and restaurant.

Lastly, the need for you to equip your pool hall can’t possibly be overemphasized. This is because you need to make your business point as attractive as ever. You need comfortable chairs, tables, shelve for stocking billiard and pool games accessories amongst others.

2. Executive Summary

Ron Molly® Pool and Billiard Hall, LLC is licensed pool and billiard hall that will be located in one of the busiest streets in Santa Fe – New Mexico. We have been able to secure a standard facility in a central location in Santa Fe.

Ron Molly® Pool and Billiard Hall, LLC is going to become the number one destination for people who visit pool and billiard halls. We are well equipped to operate a licensed pool and billiard hall where people can play cue sports. We will also offer gaming machines, foosball, darts and other games. Our pool and billiard hall has enough parking space to accommodate a good number of people.

We conducted a thorough market research and feasibility studies and we were able to come to the conclusion that Santa Fe – New Mexico is the right place to open our pool house. Our client’s best interest would always come first, and everything we do is guided by our values and professional ethics. We will ensure that we hire professionals who are well experienced in the pool and billiards industry.

Ron Molly® Pool and Billiard Hall, LLC will be open 24 hours in a day during weekends (Fridays to Sundays) and from 6:00 am to 12 midnights from Mondays to Thursdays in order for us to accommodate people with different time preferences.

Ron Molly® Pool and Billiard Hall, LLC will at all times demonstrate her commitment to sustainability, both individually and as a business, by actively participating in our communities and integrating sustainable business practices wherever possible. We will ensure that we hold ourselves accountable to the highest standards by meeting our client’s needs precisely and completely.

Ron Molly® Pool and Billiard Hall, LLC is owned by Ron Molly and his immediate family members. The business will be managed by Ron Molly and his son Gab Molly. Ron Molly has over 15 years’ experience in the Pool and billiard halls industry working for some of the leading pool halls in Santa Fe – New Mexico.

3. Our Products and Services

Ron Molly® Pool and Billiard Hall, LLC is in the Pool and billiards industry to provide standard business for residents of Santa Fe – New Mexico, which is why we have been able to put up a facility that can help us achieve the goal. These are the services and amenities that will be made available to our clients;

• Arcade games (gaming machines, foosball, darts and other games)
• Food service
• Cue sports merchandise sales
• Sale of coffee, alcohol and soda drinks, snacks and beverages

4. Our Mission and Vision Statement

• Our Vision of starting Ron Molly® Pool and Billiard Hall, LLC is to build a world – class pool and billiard hall that can favorably compete with leading brands in the industry all across the globe.
• Our mission for establishing Ron Molly® Pool and Billiard Hall, LLC is to contribute our quota in promoting gaming and social networking activities in Santa Fe – New Mexico and also to make profits from the Industry.

Our Business Structure

Ron Molly® Pool and Billiard Hall, LLC is in business to become the leading pool and billiard halls in the whole of Santa Fe – New Mexico and we are fully aware that it will take the right facility, management and organizational structure to achieve our goal.

We will ensure that we recruit only the best hands that can help us achieve all that we are set to achieve. The kind of the pool and billiard hall business we intend building and the business goals we want to achieve is what informed the amount we are ready to pay for the best hands available in and around Santa Fe – New Mexico.

Our business will not be built only for the purpose of giving our customers value for their money, but also, we will ensure that we make our pool and billiard hall is highly conducive for all our employees. In view of that, we have made provisions for the following positions to be occupied by highly qualified and experienced staff;

• Chief Executive Office – CEO
• Accountant/Cashier
• Marketing and Sales Officer
• Cue Sports an Arcade Games Instructor/Assistant (5)
• Customer Care Executive/Front Desk Officer

5. Job Roles and Responsibilities

Chief Executive Officer – CEO:

• Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results
• Creates, communicates, and implementing the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
• Responsible for fixing prices and signing business deals
• Responsible for signing checks and documents on behalf of the company
• Evaluates the success of the organization
• Carries out induction for new team members
• Responsible for overseeing the smooth running of HR and administrative tasks for the organization
• Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products.
• Ensures operation of board games and other equipment by completing preventive maintenance requirements; calling for repairs.
• Carrying out staff induction for new team members
• Responsible for training, evaluation and assessment of employees
• Oversees the smooth running of the daily activities in the pool and billiard hall.

Cue Sports and Arcade Game Instructors/Assistant (5)

• Responsible for operating licensed pool and billiard hall
• Responsible for teaching newbies how to play cue sports
• Responsible for selling food, alcoholic beverages and nonalcoholic beverages
• Ensures that the cue sports facility and arcade games are well arranged for another playing session after every session
• Responsible for recommending the replacement of worn out or damaged games accessories

Marketing and Sales Officer (2)

• Identifies, prioritizes, and reaches out to new clients, and business opportunities et al
• Identifies development opportunities; follows up on development leads and contacts
• Writes winning proposal documents, negotiate fees and rates in line with organizations’ policy
• Responsible for handling business research, market surveys and feasibility studies for clients
• Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
• Documents all customer contact and information
• Represents Ron Molly® Pool and Billiard Hall, LLC in strategic meetings
• Helps to increase sales and growth for Ron Molly® Pool and Billiard Hall, LLC.

Accountant/Cashier:

• Responsible for preparing financial reports, budgets, and financial statements for the organization
• Provides managements with financial analyses, development budgets, and accounting reports
• Responsible for financial forecasting and risks analysis.
• Performs cash management, general ledger accounting, and financial reporting for the organization
• Responsible for developing and managing financial systems and policies
• Responsible for administering payrolls
• Ensures compliance with taxation legislation
• Handles all financial transactions for Ron Molly® Pool and Billiard Hall, LLC
• Serves as internal auditor for Ron Molly® Pool and Billiard Hall, LLC.

Client Service Executive

• Welcomes clients by greeting them in person or on the telephone; answering or directing inquiries.
• Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level
• Through interaction with clients on the phone, uses every opportunity to build client’s interest in the organization’s products and services
• Manages administrative duties assigned by the management in an effective and timely manner
• Consistently stays abreast of any new information on the organizations’ products, promotional campaigns etc. to ensure accurate and helpful information is supplied to clients when they make enquiries

Cleaners (3):

• Responsible for cleaning in and around the pool and billiard hall
• Cleanses up after customers
• Clears ashtrays as and when required.
• Washes glassware and utensils after each use.
• Maintains a clean working area by sweeping, vacuuming, dusting, cleaning of glass doors and windows, etc. if required.
• Ensures that toiletries and supplies don’t run out of stock
• Handles any other duty as assigned by the manager.

6. SWOT Analysis

Ron Molly® Pool and Billiard Hall, LLC is in business to provide cue sports and arcade gaming facility for gamers in Santa Fe – New Mexico and at the same time to make profits. We are aware that there are competitions in the Pool and billiards industry which is why we took out time to conduct an effective SWOT Analysis before investing our hard – earned money into the business.

We hired the services of a HR and Business consultant with bias in business structuring to help us conduct SWOT analysis for our organization and he did a pretty good job for us. Here is a of the result we got from the SWOT analysis that was conducted on behalf of Ron Molly® Pool and Billiard Hall, LLC;

One of the obvious positives that will definitely stand as a plus for Ron Molly® Pool and Billiard Hall, LLC is the fact that our facility is centrally located in a densely populated – residential area in Santa Fe – New Mexico; our location is in fact one of our major strengths coupled with the support from stake holders in the industry. Lastly our games are amongst the best that anybody living in Santa Fe – New Mexico can get.

We looked into our Business model and we were able to identify two major weaknesses. One is the fact that we are a new business and the second is the fact that we may not have the financial resources required to match up with existing pool and billiard halls in New Mexico when it comes to employing experts in the industry and generating the needed hype that can drive traffic towards our pool and billiard hall.

• Opportunities:

Pool and other cue sports are considered by consumers to be discretionary leisure activities. Consumers are more likely to spend money on discretionary leisure activities when income is high. In 2018, per capita disposable income is expected to increase, presenting a potential opportunity for Pool and Billiard Halls industry operators.

We are centrally located in one of the busiest areas in Santa Fe – New Mexico and we are open to all the available opportunities that the city has to offer. We will be open 24 hours in a day during weekends (Fridays to Sundays) and from 6:00 am to 12 midnight from Mondays to Thursdays giving us the advantage to leverage on any available opportunity.

Pool and billiard halls have experienced greater external competition in recent years due to the myriad of alternative entertainment options available to teens and young adults, often the primary market for industry operators.

These entertainment options include video game consoles, mobile devices and parallel industries, such as bowling centers and family fun centers. In 2018, external competition for the Pool and Billiard Halls industry is expected to increase, posing a potential threat to the industry.

7. MARKET ANALYSIS

• Market Trends

A close study of the pool and billiard halls industry shows that from the late 1990s onwards have seen substantial growth in the reach of cue sports and arcade games. This has been attributed to, among other factors, the Internet, which has made it easier for people to find out about games and to find opponents to play against.

Around the year 2000 the pool and billiard halls industry began significant growth with companies producing a rising number of new games to be sold to a growing worldwide audience. In 2010, a number of publications referred to the cue sports as having a new Golden Age. Pool and billiard halls are also growing in popularity.

On the internet, arcade games commonly feature enhanced content for players with broadband internet connection. These features include multiplayer modes, downloadable content and in-game chat functions, which can be free or provided on a fee or subscription basis.

Consumers are expected to increasingly use these online features. The percentage of services conducted online is expected to increase in 2019, representing a potential opportunity for the industry. Lastly, it is a common trend that as pool and billiard halls grow, it becomes necessary for them to develop new service offerings or install new facilities that will help them attract more people.

Little wonder some pool and billiard halls now have fresh juice and smoothie bar, or retail food and drinks, within their facility to encourage people to relax and socialize. In order words, it is very important for pool halls to improvise if they want to grow their business and generate their target revenue.

8. Our Target Market

Aside from professional gamers, the target market for pool and billiard halls cuts across people of different walks of life. The fact that people visit pool and billiard halls for various reasons makes marketing the business interesting. These are the category of people that we intend marketing our pool hall to;

• Professional gamers
• College Students

Our Competitive Advantage

The Pool and billiard halls industry is indeed a highly competitive industry. Clients will only patronize your business if they are comfortable with the games you have or if you can provide the enabling environment and facility for them to socialize.

Ron Molly® Pool and Billiard Hall, LLC is centrally located in a densely populated – residential area in Santa Fe – New Mexico; this is obviously going to give us an edge amongst our competitiors. We equally have a team of highly qualified professionals who will work with all our clients.

So also, our game are amongst the best that anybody living in Santa Fe – New Mexico can get; it is easy to play and highly reliable. We will be open 24 hours in a day during weekends (Fridays to Sundays) and from 6:00 am to 12 midnight from Mondays to Thursdays in order for us to be able to accommodate people with different time preference.

Lastly, our employees will be well taken care of, and their welfare package will be among the best within our category in the industry. It will enable them to be more than willing to build the business with us and help deliver our set goals and objectives.

9. SALES AND MARKETING STRATEGY

• Sources of Income

Ron Molly® Pool and Billiard Hall, LLC is established with the aim of maximizing profits in the industry and we are going to go do all it takes to attract both clients on a regular basis. Ron Molly® Pool and Billiard Hall, LLC will generate income by offering the following services;

• Food and drink service

10. Sales Forecast

We are quite aware that there are several business opportunities available for businesses like pool and billiard halls. We are well positioned to take on the available market in Santa Fe – New Mexico and we are quite optimistic that we will meet our set target of generating enough income/profits from the first six months of operation and grow the business and our clientele base.

We have been able to examine the Pool and billiard halls industry – market and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. Below are the sales projection for Ron Molly® Pool and Billiard Hall, LLC, it is based on the location of our facility and the wide range of games that we will make available;

• First Fiscal Year (FY1): $280,000
• Second Fiscal Year (FY2): $470,000
• Third Fiscal Year (FY3): $650,000

N.B : This projection was done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and natural disasters within the period stated above. There won’t be any major competitor offering same services as we do within same location. Please note that the above projection might be lower and at the same time it might be higher.

• Marketing Strategy and Sales Strategy

Our marketing strategies will be directed towards achieving specific objectives that support the strategic goals of the organization. The truth is that all that we do will be geared towards creating new market channels, increasing sales and increasing our market share.

We will leverage on improving on our services and facility to ensure that we win new clients and retain old ones as well. Our unique selling proposition is that we are well positioned, people can easily access our facility, and our payment platforms are highly reliable. Part of the marketing and sales strategies that we will adopt are;

• Open our pool and billiard hall with a big party in other to attract residents who are our first target
• Advertise our pool and billiard hall on national dailies, local TV and radio station
• Promote our pool and billiard hall online via our official website and all available social media platforms
• Making our first impression count positively to those making use of our pool and billiard hall for the first time
• Adopt direct mailing coupon marketing approach
• Position our signage/flexi banners at strategic places in and around Santa Fe – New Mexico

11. Publicity and Advertising Strategy

We have been able to work with our branding and publicity consultants to help us map out publicity and advertising strategies that will help us walk our way into the heart of our target market. We are set to become the number one choice for clients in the whole of Santa Fe – New Mexico which is why we have made provisions for effective publicity and advertisement of our business.

Below are the platforms we intend to leverage on to promote and advertise Ron Molly® Pool and Billiard Hall, LLC;

• Place adverts on both print (community – based newspapers and magazines) and electronic media platforms
• Sponsor relevant community – based gaming or sport events and competitions
• Leverage on the internet and social media platforms like; Instagram, Facebook, LinkedIn, twitter, YouTube, Google + et al to promote our brand
• Install our billboards in strategic locations all around Santa Fe – New Mexico
• Distribute our fliers and handbills in target areas all around Santa Fe – New Mexico
• List Ron Molly® Pool and Billiard Hall, LLC on local directories / yellow pages
• Advertise our pool and billiard halls in our official website and employ strategies that will help us pull traffic to the site.
• Ensure that all our staff members wear our branded shirts and all our vehicles are well branded with our corporate logo et al.

12. Our Pricing Strategy

Since the bulk of our customers come from the middle class, it is advisable to set prices for playing our games on the moderate side. We will not allow the drive to recoup our money fast tempt us to set prices that can scare our customers off.

In view of that, our pricing system is going to be based on what is obtainable in the industry, we don’t intend to charge more and we don’t intend to charge less than what our competitors are charging in Santa Fe – New Mexico.

• Payment Options

The payment policy adopted by Ron Molly® Pool and Billiard Hall, LLC is all inclusive because we are quite aware that different customers prefer different payment options as it suits them but at the same time, we will ensure that we abide by the financial rules and regulation of the United States of America.

Here are the payment options that Ron Molly® Pool and Billiard Hall, LLC will make available to her clients;

• Payment with cash
• Payment via online bank transfer
• Payment via mobile money
• Payment via Point of Sales Machines (POS Machines)
• Payment via check

In view of the above, we have chosen banking platforms that will enable our clients make payment for playing our cue sports and arcade games and purchase of food and beverages without any stress on their part.

13. Startup Expenditure (Budget)

From our market survey and feasibility studies, we have been able to come up with a detailed budget for establishing a standard pool hall in Santa Fe – New Mexico and here are the key areas where we will spend our startup capital;

• The Total Fee for Registering the Business in the United States of America – $750.
• Legal expenses for obtaining licenses and permits – $1,500.
• Marketing promotion expenses (8,000 flyers at $0.04 per copy) for the total amount of – $10,000.
• The total cost for hiring Business Consultant – $2,500.
• The amount needed for the purchase of insurance policy covers (general liability, workers’ compensation and property casualty) coverage at a total premium – $5,800.
• The total cost for the purchase of accounting software, CRM software and Payroll Software – $3,000
• The total cost for leasing facility for the pool and billiard hall – $30,000.
• The total cost for facility remodeling – $20,000.
• Other start-up expenses including stationery – $1000
• Phone and utility deposits – $3,500
• Operational cost for the first 3 months (salaries of employees, payments of bills et al) – $40,000
• The cost for start-up inventory – $15,000
• The cost for acquiring cue sports accessories, such as eight-ball and nine-ball and arcade gaming machines, foosball, darts and other games, comfortable chairs, tables, Air Conditions, Shelve for stocking board games and board games accessories amongst others. – $50,000
• The cost for the purchase of furniture and gadgets (Computers, Printers, Telephone, TVs, Sound System, tables and chairs et al) – $4,000.
• The cost of Launching a Website – $600
• The cost for our grand opening party – $5,000
• Miscellaneous – $5,000

We would need an estimate of two hundred and fifty thousand Dollars ($250,000) to successfully launch a medium but standard pool hall in the United States of America.

Generating Funds/Startup Capital for Ron Molly® Pool and Billiard Hall, LLC

Ron Molly® Pool and Billiard Hall, LLC is owned and managed by Mr. Ron Molly and his immediate family members. They decided to restrict the sourcing of the startup capital for the business to just three major sources.

• Generate part of the startup capital from personal savings and sale of his stocks
• Generate part of the startup capital from friends and other extended family members
• Generate a larger chunk of the startup capital from the bank (loan facility).

N.B: We have been able to generate about $100,000 (Personal savings $80,000 and soft loan from family members $20,000) and we are at the final stages of obtaining a loan facility of $150,000 from our bank. All the papers and documents have been duly signed and submitted, the loan has been approved and any moment from now our account will be credited.

14. Sustainability and Expansion Strategy

Part of the plans we have in place to sustain Ron Molly® Pool and Billiard Hall, LLC is to ensure that we continue to make available a wide range of cue sports and arcade gaming facility, deliver quality services, improvise on how to do things faster and cheaper. We are not going to relent in providing conducive environment for our workers and also the required trainings that will help them deliver excellent services at all times.

From our findings, another factor that kills new business is financial leakages. In order to plug financial leakages, the management of Ron Molly® Pool and Billiard Hall, LLC will adopt the use of payment machine and accounting software to run the business.

We are quite aware that our customers are key component to the growth and survival of our business hence we are going to continuously engage them to give us ideas on how to serve them better and the products they want to see in our store. Ron Molly® Pool and Billiard Hall, LLC will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of.

Our company’s corporate culture is designed to drive our business to greater heights and training and retraining of our workforce is at the top burner. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.

Check List/Milestone

• Business Name Availability Check: Completed
• Business Registration: Completed
• Opening of Corporate Bank Accounts: Completed
• Securing Point of Sales (POS) Machines: Completed
• Opening Mobile Money Accounts: Completed
• Opening Online Payment Platforms: Completed
• Application and Obtaining Tax Payer’s ID: In Progress
• Application for business license and permit: Completed
• Purchase of Insurance for the Business: Completed
• Acquiring facility and remodeling the facility to fit into a standard pool and billiard hall: In Progress
• Conducting Feasibility Studies: Completed
• Generating capital from family members: Completed
• Applications for Loan from the bank: In Progress
• Writing of Business Plan: Completed
• Drafting of Employee’s Handbook: Completed
• Drafting of Contract Documents and other relevant Legal Documents: In Progress
• Design of The Company’s Logo: Completed
• Printing of Promotional Materials: In Progress
• Recruitment of employees : In Progress
• Purchase of the needed cue sports and arcade games and accessories, electronic appliances, office appliances and suppliers: In progress
• Creating Official Website for the Company: Completed
• Creating Awareness for the business both online and in the neighborhood: In Progress
• Health and Safety and Fire Safety Arrangement (License): Secured
• Opening party/launching party planning: In Progress

More on Sports

How to Start a Billiards Hall Business

A billiard hall (also known as a pool hall) business rents out pool tables and typically serves alcoholic beverages. Patrons usually rent tables by the hour and play with friends while drinking – and possibly eating if the business offers food. These businesses are often primarily cash businesses, which can be appealing to certain entrepreneurs. Whether cash-based or not, billiard halls can offer business owners a reliable source of income if located in the right area.

Ready to turn your business idea into a reality? We recommend forming an LLC as it is the most affordable way to protect your personal assets. You can do this yourself or with our trusted partner for a small fee. Northwest ($29 + State Fees) DIY: How to Start an LLC

Start a Billiards Hall Business by following these 10 steps:

• Plan your Billiards Hall Business
• Form your Billiards Hall Business into a Legal Entity
• Register your Billiards Hall Business for Taxes
• Open a Business Bank Account & Credit Card
• Set up Accounting for your Billiards Hall Business
• Get the Necessary Permits & Licenses for your Billiards Hall Business
• Get Billiards Hall Business Insurance
• Define your Billiards Hall Business Brand
• Create your Billiards Hall Business Website
• Set up your Business Phone System

We have put together this simple guide to starting your Billiards Hall Business. These steps will ensure that your new business is well planned out, registered properly and legally compliant.

Exploring your options? Check out other small business ideas .

STEP 1: Plan your business

A clear plan is essential for success as an entrepreneur. It will help you map out the specifics of your business and discover some unknowns. A few important topics to consider are:

What will you name your business?

• What are the startup and ongoing costs?
• Who is your target market?

How much can you charge customers?

Luckily we have done a lot of this research for you.

Choosing the right name is very important. Read our detailed guide on how to name your business . We recommend checking if the business name you choose is available as a web domain and securing it early so no one else can take it.

Find a Domain Now

Powered by godaddy.com, what are the costs involved in opening a billiards hall business.

A single pool table designed for use in a pool hall costs an average of $3,000 - $4,000. That’s one major reason why starting a pool hall requires significant capital. You need multiple tables, as well as a rental space, a bar, beverage inventory, furniture, and more to serve customers. You can expect to spend $50,000+ to open up your billiard hall business.

What are the ongoing expenses for a Billiards Hall Business?

There are multiple ongoing expenses that you need to prepare for in the billiards business. Table maintenance is a big expense. Pool tables can last 25 years in the right conditions. But in a pool hall setting, you will need to repair/replace felt regularly, and you can expect other parts – like rail rubber and pockets – to require repairs as well. Maintenance costs can be several thousand dollars a year.

Who is the target market?

The target market for billiard halls is typically  men who are under the age of 35 . There are of course exceptions – and you could always attempt to reach a different market using creative marketing efforts – but generally, younger men are your target market.

How does a Billiards Hall Business make money?

Billiard halls make money from pool table rental fees and alcohol sales. Billiard tables require a large upfront investment, but as long as you have steady patrons, they will generate solid income hour after hour, year after year. Alcohol sales are also an excellent source of income because you can generally mark up your beverages significantly.

Most billiard halls charge between $10 to $15 an hour for table rentals. The bar section of the business charges the going rate for beverages in the area – although the bar is generally focused on more affordable drinks like beers and basic cocktails instead of high-end drinks.

How much profit can a Billiards Hall Business make?

According to Entrepreneur, a billiard hall with 10 tables could  generate as much as $200,000 a year. It will take time to get to that point, though. Much of your first few year’s profits will go towards paying off debt, maintenance, and other costs. Eventually, though, you can expect to earn good money from your billiard hall business.

How can you make your business more profitable?

You can make your business more profitable by attracting more customers. If you operate a clean, comfortable, professionally-managed billiard hall, you can build a good reputation in your area. You may have competitors, but you can often set yourself apart simply by paying careful attention to the quality of the experience you offer customers. If customers know that your tables are always in good condition, your cues are straight, and the customer service is reliable, they will keep coming back for more.

Want a more guided approach? Access TRUiC's free Small Business Startup Guide - a step-by-step course for turning your business idea into reality. Get started today!

STEP 2: Form a legal entity

One crucial aspect that cannot be overlooked when starting your Billiards Hall Business is the importance of establishing a solid business foundation. While sole proprietorships and partnerships are the most common entity types for small businesses, they're a far less stable and advantageous option than LLCs.

This is because unincorporated business structures (i.e., sole proprietorships and partnerships) expose you as an owner to personal liability for your business's debts and legal actions, while LLCs protect you by keeping your personal assets separate from your business's liabilities.

In practice, this means that if your Billiards Hall Business were to face a lawsuit or incur any debts, your savings, home, and other personal assets could not be used to cover these costs. On top of this, forming your business as an LLC also helps it to appear more legitimate and trustworthy.

More than 84% of our readers opt to collaborate with a professional LLC formation service to kickstart their venture. We've negotiated a tailored discount for our readers, bringing the total down to just $29.

Form Your LLC Now

Note: If you're interested in more information before getting started, we recommend having a look at our state-specific How to Start an LLC guide (DIY) or our in-depth Best LLC Services review (for those opting for a professional service).

STEP 3: Register for taxes

You will need to register for a variety of state and federal taxes before you can open for business.

In order to register for taxes you will need to apply for an EIN. It's really easy and free!

You can acquire your EIN through the IRS website . If you would like to learn more about EINs, read our article, What is an EIN?

There are specific state taxes that might apply to your business. Learn more about state sales tax and franchise taxes in our state sales tax guides.

STEP 4: Open a business bank account & credit card

Using dedicated business banking and credit accounts is essential for personal asset protection.

When your personal and business accounts are mixed, your personal assets (your home, car, and other valuables) are at risk in the event your business is sued. In business law, this is referred to as piercing your corporate veil .

Open a business bank account

Besides being a requirement when applying for business loans, opening a business bank account:

• Separates your personal assets from your company's assets, which is necessary for personal asset protection.
• Makes accounting and tax filing easier.

Recommended: Read our Best Banks for Small Business review to find the best national bank or credit union.

Get a business credit card

Getting a business credit card helps you:

• Separate personal and business expenses by putting your business' expenses all in one place.
• Build your company's credit history , which can be useful to raise money later on.

Recommended: Apply for an easy approval business credit card from BILL and build your business credit quickly.

STEP 5: Set up business accounting

Recording your various expenses and sources of income is critical to understanding the financial performance of your business. Keeping accurate and detailed accounts also greatly simplifies your annual tax filing.

Make LLC accounting easy with our LLC Expenses Cheat Sheet.

STEP 6: Obtain necessary permits and licenses

Failure to acquire necessary permits and licenses can result in hefty fines, or even cause your business to be shut down.

STEP 7: Get business insurance

Just as with licenses and permits, your business needs insurance in order to operate safely and lawfully. Business Insurance protects your company’s financial wellbeing in the event of a covered loss.

There are several types of insurance policies created for different types of businesses with different risks. If you’re unsure of the types of risks that your business may face, begin with General Liability Insurance . This is the most common coverage that small businesses need, so it’s a great place to start for your business.

Another notable insurance policy that many businesses need is Workers’ Compensation Insurance . If your business will have employees, it’s a good chance that your state will require you to carry Workers' Compensation Coverage.

STEP 8: Define your brand

Your brand is what your company stands for, as well as how your business is perceived by the public. A strong brand will help your business stand out from competitors.

If you aren't feeling confident about designing your small business logo, then check out our Design Guides for Beginners , we'll give you helpful tips and advice for creating the best unique logo for your business.

Recommended : Get a logo using Truic's free logo Generator no email or sign up required, or use a Premium Logo Maker .

If you already have a logo, you can also add it to a QR code with our Free QR Code Generator . Choose from 13 QR code types to create a code for your business cards and publications, or to help spread awareness for your new website.

How to promote & market a Billiards Hall Business

If you know your target market, you can identify marketing angles and channels that are most likely to reach that market. Men between the age of 21 and 35 use social media, for example. Social media marketing is likely to be effective in reaching this market.

Billiard halls often use promotions like drink specials, happy hours, food specials, and table rental specials to attract business. These businesses will also host pool-related events, such as contests, to bring in business.

How to keep customers coming back

Customers are coming to your billiard hall to play pool and similar games – not just to drink because they could go to any bar to do that. So, while good bar service is important, your main focus should be on the gaming experience you offer your customers. Keep your tables well-maintained, and know what is important to pool enthusiasts. Make the game accessible to newcomers as well – such as by offering classes and/or instructional materials.

STEP 9: Create your business website

After defining your brand and creating your logo the next step is to create a website for your business .

While creating a website is an essential step, some may fear that it’s out of their reach because they don’t have any website-building experience. While this may have been a reasonable fear back in 2015, web technology has seen huge advancements in the past few years that makes the lives of small business owners much simpler.

Here are the main reasons why you shouldn’t delay building your website:

• All legitimate businesses have websites - full stop. The size or industry of your business does not matter when it comes to getting your business online.
• Social media accounts like Facebook pages or LinkedIn business profiles are not a replacement for a business website that you own.
• Website builder tools like the GoDaddy Website Builder have made creating a basic website extremely simple. You don’t need to hire a web developer or designer to create a website that you can be proud of.

Recommended : Get started today using our recommended website builder or check out our review of the Best Website Builders .

Other popular website builders are: WordPress , WIX , Weebly , Squarespace , and Shopify .

STEP 10: Set up your business phone system

Getting a phone set up for your business is one of the best ways to help keep your personal life and business life separate and private. That’s not the only benefit; it also helps you make your business more automated, gives your business legitimacy, and makes it easier for potential customers to find and contact you.

There are many services available to entrepreneurs who want to set up a business phone system. We’ve reviewed the top companies and rated them based on price, features, and ease of use. Check out our review of the Best Business Phone Systems 2023 to find the best phone service for your small business.

Recommended Business Phone Service: Phone.com

Phone.com is our top choice for small business phone numbers because of all the features it offers for small businesses and it's fair pricing.

Is this Business Right For You?

This business is right for entrepreneurs who love billiards and the nightlife. It’s also a good fit for those that enjoy socializing. Billiards has been around in one form or another since the 15th century, so you will be operating a classic gaming hall combined with a bar – which means you should probably have a passion for both.

Want to know if you are cut out to be an entrepreneur?

Take our Entrepreneurship Quiz to find out!

Entrepreneurship Quiz

What happens during a typical day at a Billiards Hall Business?

Billiard halls are usually open in the late afternoon until midnight or later. Much like other bars, operating a billiard hall requires working late nights. A typical day may start in the late morning, with general cleanup, billiards table maintenance, and replenishing inventory. When you open your doors for business, you will juggle bartending and billiard rental duties. At the end of the night, you will break down the bar, cash out the till, and lock up until the next day’s business begins.

What are some skills and experiences that will help you build a successful Billiards Hall Business?

You don’t have to be an expert pool player to own a successful pool hall – but the more experience with the game you have, the easier it will be to operate your business. If you have experience with billiards, it will be easier to choose the right tables and equipment, answer customer questions, and perform maintenance as needed.

Having bar and/or hospitality experience will also be helpful. Many people assume operating a bar is easy, but it takes hard work and attention to detail to smoothly run this type of business.

What is the growth potential for a Billiards Hall Business?

The market for pool and billiard hall equipment is expected to grow at a CAGR of nearly 3% from 2023-2028 . While seemingly not a large growth prospect, market researchers predict a large increase in people's interest in learning, playing, and competing in cue sports activities.

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For fun informative videos about starting a business visit the TRUiC YouTube Channel or subscribe to view later.

Take the Next Step

Find a business mentor.

One of the greatest resources an entrepreneur can have is quality mentorship. As you start planning your business, connect with a free business resource near you to get the help you need.

Having a support network in place to turn to during tough times is a major factor of success for new business owners.

Learn from other business owners

Want to learn more about starting a business from entrepreneurs themselves? Visit Startup Savant’s startup founder series to gain entrepreneurial insights, lessons, and advice from founders themselves.

Resources to Help Women in Business

There are many resources out there specifically for women entrepreneurs. We’ve gathered necessary and useful information to help you succeed both professionally and personally:

If you’re a woman looking for some guidance in entrepreneurship, check out this great new series Women in Business created by the women of our partner Startup Savant.

What are some insider tips for jump starting a Billiards Hall Business?

The most surefire way to keep your billiard hall open long enough to start earning a profit is to start with a comprehensive financial plan. You most definitely do not want to “wing it.” Your initial investment in the tables will likely take several years to start turning a profit. Aim to have alternative sources of revenue – like your bar – to keep the business going.

Another important aspect of this business is bookkeeping. Take your accounting seriously so you know how much you are making and, more importantly, how much you are spending. Many hospitality businesses fail because they don’t take bookkeeping seriously. Don’t make the same mistake.

How and when to build a team

Operating a billiard hall is difficult – and may be impossible – to do on your own. There is too much ground to cover and too many different tasks to juggle. For instance, you can’t expect the bartender to keep track of all the tables and take care of all the bar customers on a busy Friday night. All this is to say that your initial business plan should probably include employees and the budget to pay those employees.

Plan to have at least a bartender and a person to work the door – in addition to you as a manager – to ensure the best experience for customers. Ideally, you should have enough employees to fill all required roles so that you can focus on management and have someone to manage the business when you need a day off.

Have a Question? Leave a Comment!

• Resources for Entrepreneurs > Open a Business > Opening a Business

How to Start a Billiard & Pool Hall

Opening a Business

Have you made the decision to start a billiard and pool hall? We provide insights on the mistakes that often entangle fledgling entrepreneurs.

Wondering how to start a billiard and pool hall? We take you step-by-step from start to success.

Pool & Billiards Industry Overview

Once a staple of American life, pool and billiard halls have made a resurgence in recent years. Presently, there are more than 43 million regular billiard players in the U.S.; more than 1 in 8 Americans considers themselves to be a pool player.

But unlike other hobbies, billiards isn't a portable activity. Billiards enthusiasts need a place to practice their game -- and that's where pool or billiard halls come into the picture.

Customer Demographics for Billiard & Pool Hall Startups

From the outset, you'll need to reconcile your startup business plan with the fact that pool halls serve a very specific segment of the marketplace. Although pool players come in all shapes and sizes, the majority are male adults under the age of 35.

Does that mean women won't represent part of your customer base? No -- it's important to consider offering activities for female patrons. But generally speaking, women won't drive traffic to your hall. So you'll need to focus your décor and marketing efforts on things that appeal to a younger male demographic.

Financial Considerations for a New Pool Hall

As your billiard hall begins to take shape, there are several financial factors you'll need to consider. The most important one is the fact that pool halls actually lose money on billiards. Surprised? Most startup billiard entrepreneurs don't realize that the cost of acquiring and maintaining pool tables exceeds billiards revenue.

So to earn a profit, you'll need to develop alternate revenue streams. Most pool halls make a living from the sale of food and alcohol. In fact, alcohol sales are so important that it just doesn't make sense to open a pool hall until you have secured a liquor license.

How to Write an Effective Billiard & Pool Hall Business Plan

It's virtually impossible for your billiard and pool hall to succeed without an effective business plan.

The best business plans are practical documents that reflect actual business realities. To be reliable, your business plan can't include best guesses or intentional exaggerations.

Instead, commit to creating the most precise business plan possible. For more information about billiard and pool hall business plans, take a look at what the experts say about business plan writing .

Talk to the Community

If you're a startup billiard and pool hall owner, you understand how important it is to anchor your new business in the local community. Most billiard and pool halls are local businesses that are marketed to a geographically concentrated customer base. So, early in your startup process, we strongly recommend that you survey nearby customer prospects whether they would buy from a new billiard and pool hall, if one were to open up in the area.

Don't Ignore Competitors

Before you open a billiard and pool hall within your community, it's a smart move to find out how strong the competition is. Use the link below to get a list of local competitors in your city. After following the link, enter your city, state and zip code to get a list of billiard and pool halls in your area.

• Get a List of Nearby Billiard & Pool Halls

Before you open up shop, make sure you know what you will offer to your customers that provides a significant advantage over your competition's offering.

Learning More About the Industry

If you are seriously contemplating launching a billiard and pool hall, it's a wise move to talk to somebody who is already in the business. Local competitors are not going to give you the time of day, mind you. It'd be crazy for them to teach you the business.

Thankfully, an owner of a a billiard and pool hall in a location that is not competitive to you will be much more likely to talk with you, provided that you won't be directly competing with them. In that case, the business owner may be more than happy to discuss the industry with you. If you are persistent, you can find a business mentor who is willing to help you out.

Where can you find a billiard and pool hall manager who is willing to advise you because you live in different cities?

Simple. Let your fingers do the walking by using the link below.

• Find Your Billiard & Pool Hall Mentor

Guidelines for a Billiard & Pool Hall Acquisition

There are a lot of reasons why it may be preferable to acquire a billiard and pool hall instead of starting a new business venture.

An acquisition isn't necessarily a bed of roses. You'll need to thoroughly evaluate the factors involved with buying a business . Right away, you'll want to make sure the business is capable of meeting your ownership expectations.

If the business appears to meet your requirements, you'll need to verify your impressions through broker-assisted due diligence and legal research.

Don't Rule Out Franchising

Purchasing a franchise doesn't guarantee success, but does make everything a lot easier.

Before you consider starting a billiard and pool hall, it's worthwhile to determine whether there are good franchise opportunities available that might be the right move for you.

The link below gives you access to our franchise directory so you can see if there's a franchise opportunity for you. You might even find something that points you in a completely different direction.

• Research Franchising Opportunities

Related Articles on Starting a Company

These additional resources regarding starting a business may be of interest to you.

Free Business Plan Templates

How to Find Start-Up Capital

How to Get a DUNS Number

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Start Your Pool Hall: Essential Steps and Best Practices

Main Sections In This Post Steps To Starting A Pool Hall Business Points to Consider Resources Knowledge Is Power Featured Video

This article provides a comprehensive guide for aspiring pool hall owners, including a step-by-step breakdown and valuable resources for the business’s startup and operational phases.

Feel free to bookmark this page for future reference and consider sharing it if you find it helpful.

Let’s get started with the steps.

Steps to Starting a Pool Hall Business

Below are the steps to starting a pool hall business.

Each step is linked to a specific section, allowing you to jump to your desired section or scroll to follow the steps in order.

• An Overview of What You’re Getting Into
• Pool Hall Business Overview
• Researching Your Pool Hall Business
• Looking at Financials
• Choosing A Business Location
• Creating Your Mission Statement
• Creating A Unique Selling Proposition (USP)
• Choose a Pool Hall Business Name
• Register Your Company
• Create Your Corporate Identity
• Writing a Business Plan
• Banking Considerations
• Getting the Funds for Your Operation
• Software Setup
• Business Insurance Considerations
• Supplier Considerations
• Physical Setup
• Creating a Website
• Create an External Support Team
• Hiring Employees

This section offers valuable insights to aid in making informed decisions for your pool hall business.

It is advisable to carefully contemplate essential aspects before entering the startup phase. Take your time to assess key points for a successful venture.

1.  An Overview of What You’re Getting Into

Is Starting a Pool Hall Business the Right Step for You?

For all prompts in this session, Do Not use the following words:

acumen; aim; aiming; delve; embarking; embarking; equip; equipping; firstly;journey; paramount; ponder; realm; secondly; thirdly; utilize; utilize; venture; venturing

For More, See How Passion Affects Your Business . Also, see, Considerations Before You Start Your Business to identify key points for a new business owner.

2. Gaining an Overview of Owning a Pool Hall Business

Next, let’s spend some time on key issues to give you an overview of what to expect from owning and running your business.

a.) A Quick Overview of Owning a Pool Hall Business

Individuals, friends, and teams gather to play pool games in a pool hall business. These games often include snooker, billiards, or other cue sports.

This business aims to create an atmosphere conducive to leisure, camaraderie, and competition. Additionally, many pool halls offer food, beverages, and other forms of entertainment.

Daily Tasks in Running a Pool Hall

Daily operations of a pool hall involve maintaining the pool tables and equipment, ensuring a clean and welcoming environment, managing staff schedules, restocking food and beverage supplies, and handling customer inquiries and complaints.

Success Factors in Operating a Pool Hall Business

Building a Customer Base

To thrive in this business, it is crucial to establish a loyal customer base. This involves local marketing efforts, hosting pool tournaments, and offering special promotions or events.

Staff Management

A well-trained and professional staff can make a big difference. They are the face of your business, interacting directly with customers. Proper training, clear communication, and a positive work environment are critical.

Cash Flow Management

Keeping an eye on the inflow and outflow of money is critical. Budgeting, monitoring expenses, and identifying areas for potential growth can help ensure financial stability.

Adapting to Change and Technology

Staying current with industry trends and technological advancements can give your business an edge. Modernize your pool hall with electronic scoring systems, online reservation platforms, or virtual reality pool games.

Revenue Fluctuations

Understand that there may be peak and off-peak times in your business—plan for these fluctuations to ensure consistent service quality and staff availability.

Competition

It’s essential to keep an eye on the competition. Understand what they offer and how you can differentiate your business.

Meeting Customer Expectations

You need to offer a high-quality and enjoyable experience to meet customer expectations.

This means having well-maintained pool tables, an appealing ambiance, excellent customer service, and perhaps a menu of tasty food and drinks.

Regular engagement with your customers can help you better understand their needs and preferences, allowing you to tailor your offerings and create a more personalized experience.

b.) Pool Hall Business Models

Traditional Pool Hall

This setup focuses primarily on the pool-playing experience. Revenue is typically generated through table rental, charged hourly or per game. Customers might come in to play casually or join organized tournaments.

Sports Bar Hybrid

This model merges a pool hall with a sports bar. Along with pool games, it offers amenities like large-screen TVs for sports, a full bar, and a food menu. This model diversifies revenue sources, as it is not entirely dependent on pool games.

Arcade Combination

This model combines the pool hall with an arcade or gaming center . Diversified entertainment options can attract a wider range of customers, driving additional revenue streams.

Luxury Pool Hall

This model caters to a higher-end market, featuring premium pool tables, upscale decor, high-end food and beverage options, and top-notch customer service. The pricing for this setup is usually higher, corresponding to the elevated experience offered.

Membership Club

This model operates on a membership basis, where members pay an annual or monthly fee for unlimited access. This can provide a predictable revenue stream. Some clubs also allow non-members to play for a higher fee.

Choosing the right business model from the start is crucial, as altering your model later can be challenging. Identifying a profitable and high-demand niche in your area for your pool hall business is an essential first step in setting your business up for success.

By thoroughly researching and planning your pool hall setup, you can create a sustainable business that will delight customers and provide a steady income.

c.) Making Your Pool Hall Business Stand Out

Unique Theme

Create a distinctive theme that resonates with your target audience. This can be based on a particular era or a decor style appealing to your target customer base.

Exceptional Service

Service can make or break a customer’s experience. Providing exceptional customer service can differentiate your business from the competition.

Hosting Events

Regularly hosting events like pool tournaments, themed parties, or live music nights can create buzz and attract new customers.

Quality Equipment

Invest in high-quality pool tables and equipment. Having the best gear available enhances the playing experience and shows that you care about your customers’ satisfaction.

Diverse Menu

Offering a diverse menu of food and beverages that cater to various dietary preferences can make your pool hall appealing to a wider audience.

d.) Add-on Ideas for a Pool Hall Business

Pool Lessons

Offering pool lessons for beginners or advanced players can attract a new segment of customers and provide an additional revenue stream.

Equipment Sales

Selling pool-related equipment, such as cues, balls, and accessories, can increase profits and enhance your establishment’s credibility as a pool hub.

Food and Beverage Specials

Introducing daily or weekly specials on food and beverages can encourage regular patronage and increase revenue.

Membership Tiers

Implementing a tiered membership structure can appeal to customers at different price points and provide a steady revenue stream.

Event Space Rental

If space allows, you could rent out a portion of your venue for private events. This not only offers additional income but can also expose your business to new potential customers.

e.) Questions You Need to Consider for Your Pool Hall Business

Before embarking on the creation of your pool hall business, consider these essential questions:

Business Model: Which pool hall business model are you leaning towards? Will it be a traditional setup, a sports bar hybrid, an arcade combination, a luxury pool hall, or a membership club?

Workload Management: Will you handle the daily operations yourself, or do you plan to bring on employees?

Management Structure: Do you plan to directly oversee the pool hall’s management, or are you contemplating hiring a manager?

Partnerships and Investments: Are you considering bringing in partners or seeking external investors to help fund your pool hall?

Business Location: Will your pool hall be based in a residential area, or do you plan to operate from a commercial location?

Business Format: Are you considering a traditional brick-and-mortar setup, or are you exploring the possibility of including online components like virtual tournaments or online bookings?

Growth and Long-Term Goals: Have you considered your business’s future growth? What are your long-term goals? Are you looking to open multiple locations or become a franchise?

Licensing and Regulations: Have you researched the licenses and permits required to operate a pool hall in your city and state? Are you prepared to meet all regulatory requirements?

Marketing Strategy: How do you plan to market your pool hall to attract customers? Are you considering traditional advertising, social media marketing, or both?

Financial Plan: Have you developed a detailed financial plan that includes start-up costs, projected income, and expenses?

The answers to these questions will provide a solid foundation for your business plan, guiding you through the subsequent steps of launching your pool hall business.

Establishing clear answers early on will facilitate a smoother transition from planning to operation, setting the stage for your future success.

f.) Pros and Cons of Owning a Pool Hall Business

Pros of Running a Pool Hall Business

Independence

As the owner, you have the freedom to make critical business decisions. This autonomy allows you to control the direction and growth of your pool hall.

Owning a pool hall allows you to implement your innovative ideas, from the space’s overall design to the menu options.

Potential for High Revenue

With a successful business model, your pool hall could generate significant income.

Flexible Hours

Once your business is established and staffed properly, you can choose to work hours that best suit your lifestyle.

Control Over the Work Environment

You can create a work environment that aligns with your values and caters to the needs of your customers and employees.

Building a Community

Running a pool hall provides an opportunity to create a social hub and build a community among customers.

Cons of Running a Pool Hall Business

Responsibility

All business issues fall on your shoulders, from minor glitches to major crises.

Irregular Income

You might not draw a consistent paycheck in the early stages and during lean periods.

Start-Up Difficulties

The initial phase can be challenging, involving significant planning, investment, and hard work.

Extra Hours

Especially during the start-up phase, you may need to work long hours, often beyond the standard work week.

Success Pressure

Owning a business comes with high expectations and pressure to succeed, which can be stressful.

Large Initial Investment

Starting a pool hall requires substantial capital for purchasing or leasing a location, buying equipment, and covering operating expenses.

Business Risks

Running a business involves risk, from financial uncertainty to potential lawsuits or unforeseen events such as a global pandemic.

Staff Management Challenges

Hiring, training, and retaining good employees can be time-consuming and challenging. Poor staffing decisions can negatively impact your business.

For more, see Pros and Cons of Starting a Small Business.

3. Research

Pool Hall Business Research

Thorough research is crucial for anyone considering opening a pool hall business. Accessing quality information will clearly understand the venture and help avoid unexpected situations.

Seeking Insights from Experienced Individuals

A valuable source of insights comes from individuals experienced in running a pool hall business. Their expertise enables them to offer reliable information on the industry.

Gaining Priceless Insights

Spending time with these seasoned professionals can be invaluable, providing an opportunity to gain insights from their extensive knowledge and years of experience.

Article with Guidance

I have written an article that offers ideas on identifying and approaching the right people respectfully and non-threateningly.

The steps outlined in the article go beyond the scope of this post, but I highly recommend reading it using the link below to gain a comprehensive understanding of the endeavor at hand.

See An Inside Look Into the Business You Want To Start for all the details.

Target Audience

Understanding your target audience in the pool hall business is essential for crafting effective offers and providing products and services that resonate with customers.

You can tailor your offerings to match their preferences and interests by gaining insights into your target market.

Target Market Ideas:

• Billiards enthusiasts and players seeking a social and recreational experience.
• Pool players of various skill levels, from beginners to advanced.
• Young adults and college students looking for entertainment and a fun atmosphere.
• Sports enthusiasts and fans interested in pool as a competitive activity.
• Local community members seeking a gathering place for socializing and leisure activities.
• Event organizers and party planners searching for unique and enjoyable venues.

Understanding and catering to these potential customers can help your pool hall business thrive.

For more, see How To Understand Your Target Market.

4. Looking at Financials:

Startup Costs

In the pool hall business, it is crucial to have a clear understanding of the startup costs involved.

This section provides an overview of the expenses you must consider, such as initial investments, monthly expenses, expected revenues, and potential profits.

Accurate Estimation for a Smooth Launch

To ensure a successful launch, it is vital to accurately estimate your startup costs.

This will help you navigate the planning phase smoothly and avoid financial hurdles that could hinder your business from opening.

Balancing Estimations

Underestimating your startup costs can lead to a shortage of funds, which may impede your ability to open your pool hall.

On the other hand, overestimating may make your venture appear risky to potential investors or lenders.

Factors Influencing Costs

Your specific costs will depend on various factors, including the size of your operation, chosen location, employee hiring, equipment purchases (new or used), and rental or leasing decisions.

By listing everything you need and researching prices, you can develop a comprehensive estimate that accounts for any additional issues arising during your research.

For more detailed information, refer to my article on Estimating Startup Costs.

Sales and Profit Considerations

To gauge the profitability of your pool hall business, it is essential to consider sales and profit factors:

• Product and Service Popularity: The success of your sales depends on how well your products and services resonate with customers.
• Market Demand: Understanding the demand for pool hall offerings in your target market is crucial.
• Effective Marketing: Strategically marketing your business to reach the right audience is vital for generating sales and driving awareness.

Profitability Analysis

Profitability goes beyond the profit earned per sale. It requires a comprehensive evaluation of various expenses, including rent, payroll, and overhead costs.

Ensuring monthly sales cover these expenses while allowing for a sustainable salary is crucial for long-term success.

For More, See Estimating Profitability and Revenue

Sample Financial Lists As a Starting Point

1. Sample Start-Up Costs for a New Pool Hall Business

Commercial Space Lease: Depending on the location and size, leasing a commercial space suitable for a pool hall might range from $5,000 to $15,000 per month. This estimate assumes a monthly lease of $10,000.

Interior Renovations and Design: This covers the cost of remodeling the leased space, incorporating the pool hall theme, and setting up the bar, seating, and gaming areas—estimate: $20,000.

Pool Tables and Accessories: High-quality pool tables, pool cues, racks, chalk, and other essential accessories can be costly—estimate: $30,000.

Bar Equipment and Supplies: This includes commercial refrigerators, glassware, cocktail mixers, and other necessary items for the bar area—estimate: $15,000.

Furniture: Comfortable chairs, stools, tables, and other furnishings. Estimate: $10,000.

Initial Inventory: The initial stock of food and beverages for the bar and kitchen. Estimate: $5,000.

Licenses and Permits: Business license, liquor license, food handling permits, and other necessary legal documents. Estimate: $3,000.

Insurance: Business insurance covers property, liability, and workers’ compensation—estimate: $2,000.

Marketing and Advertising: Initial promotional activities to create awareness for the grand opening . Estimate: $5,000.

Total Estimated Start-Up Costs: $100,000

2. Sample Monthly Expenses for a Pool Hall Business

Rent: The recurring monthly lease cost. Estimate: $2,000.

Utilities: Includes electricity, water, heating, and internet services. Estimate: $500.

Employee Salaries: Wages for bartenders, wait staff, and cleaning staff. Estimate: $8,000.

Inventory: Regular replenishment of food and beverage supplies. Estimate: $3,000.

Maintenance and Repairs: Routine maintenance of pool tables, bar equipment, and the overall facility. Estimate: $500.

Marketing and Advertising: Ongoing promotional activities to attract and retain customers. Estimate: $1,000.

Insurance: Monthly premiums for business insurance. Estimate: $200.

Miscellaneous Expenses: Unforeseen costs that may arise in the daily operations. Estimate: $300.

Total Estimated Monthly Expenses: $15,500

3. Sample Sales, Revenue, and Profit Breakdown

Revenue from Pool Table Rentals: Assuming an average charge of $10 per hour and 10 tables rented for 8 hours daily. ($10 x 10 tables x 8 hours x 30 days = $24,000)

Revenue from Food and Beverage Sales: If each customer spends an average of $20 on food and drinks, you serve 50 customers daily. ($20 x 50 customers x 30 days = $30,000)

Revenue from Events and Tournaments: Regular events, such as pool tournaments or private parties, can bring in additional revenue. For example, if you host four monthly events and charge $750. (4 events x $750 = $3,000)

Total Revenue: $57,000 per month

Total Monthly Expenses: $15,500

Monthly Profit (Revenue – Expenses): $41,500

Keep in mind these figures are just examples. Your actual costs, revenues, and profits will vary based on numerous factors.

It is critical to conduct thorough research and consider seeking professional advice to accurately estimate these figures when planning your business.

5. Choosing The Right Business Location

The Significance of Location

Choosing the right location is a critical decision that can determine the success or failure of your pool hall business.

Demand and Failure

Operating in an area without demand for pool hall services can fail even before you launch your business. Assessing the potential customer base and their interest in what you offer is essential.

Competition and Market Share

Opening your pool hall in an area saturated with competitors can make establishing a significant market share challenging.

Striking a balance is crucial, as you want a location with demand and an acceptable level of competition.

Affordability and Profitability

Consider your financial capabilities when selecting a location.

While operating in a densely populated area can provide greater exposure, ensuring that the additional expenses align with your business’s profitability is important.

Conversely, opting for a more affordable location must be balanced with the potential to generate sufficient sales.

Thorough Research for Success

Choosing the right location is a pivotal factor in achieving success. Conduct diligent research to evaluate various factors, including demand, competition, affordability, and potential profitability.

Making an informed decision based on careful analysis will contribute to the prosperity of your pool hall business.

For more about business locations, see Choosing The Best Location for Your Business.

6. Create Your Mission Statement

A mission statement plays a vital role in clarifying the purpose of your pool hall business.

It serves as a guiding principle, ensuring you stay focused and committed to delivering the main benefit to your customers and community.

Examples of Pool Hall Mission Statements:

• “Our mission is to create a vibrant and inclusive environment where pool enthusiasts of all skill levels can gather, socialize, and enjoy the thrill of the game while providing exceptional customer service.”
• “We are dedicated to being the premier destination for pool entertainment, offering top-notch facilities, a friendly atmosphere, and a wide range of events that foster camaraderie and passion for the game.”
• “At our pool hall, our mission is to promote the art of billiards by providing a welcoming space, professional-grade tables, and expert instruction, inspiring players to improve their skills and indulge in the excitement of the sport.”
• “Our mission is to be a community hub, offering a safe and enjoyable environment for individuals of all ages to gather, play pool, and connect with fellow enthusiasts, while also supporting local charitable initiatives through our philanthropic endeavors.”
• “We strive to be the go-to destination for pool entertainment, combining exceptional gameplay experiences with exceptional hospitality, creating lasting memories for our patrons and contributing to the growth and appreciation of the pool hall culture.”

For more, see, How To Create a Mission Statement

7. Creating A Unique Selling Proposition (USP)

A Unique Selling Proposition (USP) plays a crucial role in identifying and creating a distinct feature that sets your pool hall business apart from competitors.

It helps define what makes your business special and highlights the unique value you offer customers.

Examples of USPs for a Pool Hall Business:

• “Our pool hall stands out by offering state-of-the-art, tournament-grade tables and equipment, providing an unmatched playing experience for both casual players and serious enthusiasts.”
• “We differentiate ourselves by offering a wide selection of craft beers and signature cocktails, creating a lively social atmosphere where patrons can enjoy their favorite beverages while playing pool.”
• “Our pool hall sets itself apart by hosting regular themed events and leagues, adding excitement and fostering a strong sense of community among players, creating an engaging and dynamic environment.”
• “We distinguish ourselves by providing exceptional customer service, ensuring that every guest feels welcomed, supported, and valued throughout their visit, enhancing the overall experience at our pool hall.”
• “Our pool hall stands out through our commitment to sustainability, utilizing eco-friendly practices and materials, showcasing our dedication to environmental responsibility while offering a premium entertainment experience.”

8. Choose a Business Name

Choosing the Right Pool Hall Business Name

Selecting a compelling and fitting business name is essential for your pool hall.

Create a catchy and memorable name that is easy to pronounce. Remember, your chosen name will likely remain with your company long-term.

Consider Online Presence

Alongside the business name, securing a matching domain name is crucial for establishing your online presence.

Ensure the desired name is available and not already registered by another business.

30 Pool Hall Business Name Ideas to Inspire Creativity:

• Pocket Palace
• Billiards Oasis
• Corner Pocket Club
• Break & Play
• Chalked Up Billiards
• Rack ‘Em Up Hall
• Cue Ball Junction
• The Cue Spot
• Shooters’ Paradise
• Pocket Rockets
• Bank Shot Billiards
• Cue & Cushion
• Top Spin Billiards
• Cornerstone Billiards
• Cue Masters
• Break Time Billiards
• Shot Callers Hall
• Stroke of Luck
• Sharpshooters Lounge
• Cue Craftsmen
• Diamond Cue Club
• The Green Felt
• Billiards Bliss
• Perfect Pockets
• Spin City Billiards
• Poolside Retreat
• The Cue Vault
• Billiards Boulevard

Let these ideas inspire your creativity as you work towards crafting a unique and original name for your pool hall business.

For more, see the following articles:

• How To Register a Business Name
• Registering a Domain Name For Your Business

9. Register Your Company

Ensuring Legal Compliance for Your Pool Hall Business

Legal compliance is paramount when establishing a pool hall business.

Taking the necessary steps to ensure your business operates within the legal framework mitigates risks and helps you maximize tax benefits and manage liability effectively.

Professional Guidance for Legal and Financial Setup

Consider consulting with a professional, such as a lawyer or accountant, specializing in business regulations.

Their expertise can provide invaluable guidance on legal requirements, tax optimization, and liability protection, setting a solid foundation for your pool hall business.

Common Types of Registrations for a Pool Hall Business

• Business Structure Registration : Determine the appropriate business structure, such as sole proprietorship, partnership, limited liability company (LLC), or corporation, and complete the necessary registrations accordingly.
• DBA Registration : If you operate under a name different from your legal business name, file a “Doing Business As” (DBA) registration to ensure proper identification.
• Tax Registrations : Obtain the necessary tax registrations, including an Employer Identification Number (EIN) from the Internal Revenue Service (IRS), and ensure compliance with local, state, and federal tax obligations.

Permits and Licenses for a Pool Hall Business

When starting a pool hall business, consider the following permits and licenses:

• Business License : Obtain a general business license from the local licensing authority.
• Alcohol License : If you plan to serve alcoholic beverages, secure the required alcohol license or permit based on local regulations.
• Health and Safety Permits : Comply with health and safety regulations by obtaining necessary permits, such as food handling permits and fire safety certifications.
• Music and Entertainment Licenses : If you plan to host live music or entertainment events, ensure you have the required licenses for copyright and performance rights.
• Zoning and Building Permits : Check with the local zoning department to determine if your chosen location is zoned for a pool hall business. Secure any building permits necessary for renovations or construction.

Working closely with professionals and local authorities will help you navigate the legal landscape effectively, ensuring your pool hall business operates within the required regulations and protecting you and your customers.

Registration:

• How to Register Your Business
• How To Register a DBA
• How to Register a Trademark
• How to Get a Business License

Business Structures:

• How to Choose a Business Structure
• Pros & Cons of a Sole Proprietorship
• How To Form an LLC
• How To Register a Business Partnership
• How To Form a Corporation
• How To Choose a Business Registration Service

10. Create Your Corporate Identity

Developing a Strong Corporate Identity for Your Pool Hall Business

A Corporate Identity (ID) is a crucial element visually representing your pool hall business. It encompasses various components such as your logo, business cards, website, business sign, stationery, and promotional items.

Visual Consistency and Professionalism

Maintaining a consistent and professional design across these components is essential to leave a lasting impression on new and existing customers.

Logo Design

Your logo serves as the centerpiece of your Corporate ID, symbolizing your pool hall business and creating brand recognition. It should be visually appealing, memorable, and reflective of your unique identity.

Business Cards and Stationery

Ensure your business cards and stationery materials, such as letterheads and envelopes, align with your Corporate ID. Consistent branding across these materials enhances professionalism and reinforces brand recognition.

Website and Online Presence

Your website should feature your Corporate ID elements, including your logo, color scheme, and overall design aesthetic. A visually appealing and user-friendly website creates a cohesive online experience for customers.

Business Sign and Promotional Items

Your business sign should prominently display your logo and adhere to your Corporate ID. Additionally, consider incorporating your Corporate ID into promotional items, such as merchandise or giveaways, to reinforce your brand image.

By establishing a strong and consistent Corporate Identity, your pool hall business can effectively communicate its professionalism, attract customers, and build a recognizable brand presence.

A Corporate ID consists of various components such as your logo , business cards , website , business sign , stationary, promotional items, etc.

See A Complete Introduction to Corporate Identity Packages for more.

11. Writing a Business Plan

The Significance of a Business Plan for Your Pool Hall Business

A business plan holds immense importance for your pool hall business.

It serves multiple purposes, including acquiring funding, attracting investors, and providing a guiding framework for the startup and operational phases.

Creating a Vision for Your Business

Writing a business plan requires dedicated time and effort as it involves envisioning the future of your pool hall when it is up and running. Careful planning and thoughtful expression of details are essential during this process.

Understanding Startup Requirements

Completing a comprehensive business plan lets you grasp the necessary elements for getting started and provides a clear vision of successfully operating your pool hall business.

Options for Creating a Business Plan

When creating your business plan, you have various options available. You can write it from scratch, hire a professional, utilize a template, or leverage business plan software.

Active Participation and Effective Communication

Regardless of your option, active participation is crucial, especially if you decide to hire a professional. This ensures your business plan is distinctive and effectively conveys the nature of your pool hall business and your management approach.

A Dynamic Document

Remember that your business plan can evolve and be optimized as you gain experience. Reviewing the document periodically and making necessary adjustments to align with changes in your business operations is advisable.

Developing a well-crafted business plan sets a solid foundation for your pool hall business, enabling you to navigate challenges, seize opportunities, and achieve long-term success.

A Fictitious Business Plan Example for a Pool Hall

Business Name: Rack ‘n Roll Pool Hall

Executive Summary

Rack ‘n Roll Pool Hall is a start-up business that provides a fun, engaging, and high-quality recreational space for pool enthusiasts and casual players.

Located in the heart of a bustling downtown district, we aim to become a destination for patrons seeking a relaxing environment to unwind, engage in friendly competition, and enjoy premium food and beverages.

Company Description

Rack ‘n Roll Pool Hall is designed to fill our community’s need for an upscale yet approachable pool hall. In addition to top-notch pool-playing facilities, our establishment will offer a fully-stocked bar and a compact menu of gourmet bites. We will host regular pool tournaments and special events to promote community engagement and customer loyalty.

Market Analysis

Our primary target market comprises millennials and Gen Z adults who value high-quality leisure experiences. Given the growing interest in retro and tactile games among these demographics, our pool hall is well-positioned to attract a consistent customer base. Secondary markets include corporate clients for team-building events and local pool leagues.

Organization and Management

Rack ‘n Roll Pool Hall will be owned and operated by Jane Doe and John Doe, experienced entrepreneurs with backgrounds in hospitality and marketing.

They will oversee strategic planning, financial management, and marketing initiatives. A full-time manager and a dedicated team of bartenders, servers, and maintenance staff will be hired to handle daily operations.

Services and Products

We offer a high-end pool playing experience with well-maintained tables and professional-grade equipment. Our bar will serve various beverages, including craft beers, fine wines, and artisanal cocktails.

The food menu will feature locally sourced, gourmet bar snacks. We also plan to host weekly pool tournaments and offer the venue for private events.

Marketing and Sales Strategy

Our marketing strategy involves a mix of online and offline approaches, including social media promotion, local print advertising, and participation in community events.

Excellent customer service, a top-tier playing environment, and a loyalty program for regular customers will drive sales.

Financial Projections

We project that Rack ‘n Roll Pool Hall will generate about $57,000 in monthly revenue from pool table rentals, food and beverage sales, and special events.

Our estimated monthly expenses, which include rent, utilities, salaries, inventory replenishment, and marketing, will total approximately $15,500.

This leaves a monthly profit of $41,500. We anticipate becoming profitable within the first year of operation.

Funding Request

We are seeking $120,000 in start-up funding to cover the lease and renovation of our commercial space, purchase of pool tables and bar equipment, initial inventory, and initial marketing efforts.

This can be a business loan or an investment in exchange for a minority share.

Exit Strategy

Should we decide to exit the business, our strategy would include selling the business as a going concern or liquidating the assets and closing down.

Rack ‘n Roll Pool Hall presents a promising opportunity to capitalize on a growing trend and fill a gap in our community’s entertainment options.

We are confident in delivering a high-quality experience to keep customers returning and sustain a profitable business model.

For information on creating your business plan, see, How to Write a Business Plan.

12. Banking Considerations

Selecting a Business-Friendly Bank for Your Pool Hall Business

When choosing a bank for your pool hall business, consider opting for a nearby institution catering to business owners.

Benefits of a Separate Business Account

Maintaining a separate business account offers several advantages. It clearly distinguishes between business expenses and personal spending, simplifying expense tracking and bookkeeping.

Additionally, having a separate account provides documentation in case of a tax audit.

Building a Professional Relationship with Your Banker

Developing a professional relationship with your banker is highly beneficial. They can offer valuable advice and financial services tailored to your pool hall business.

Moreover, they can streamline processes related to loan applications and other banking needs.

Accepting Credit and Debit Cards

Considering the prevalence of electronic payments, applying for a merchant account or a similar setup that enables you to accept credit and debit cards is important.

This allows for convenient and secure transactions, enhancing the overall customer experience.

By selecting a bank that understands the needs of business owners, maintaining a separate business account, and establishing a rapport with your banker, you can effectively manage your pool hall business’s financial affairs and provide seamless payment options for your customers.

For more, see, How to Open a Business Bank Account. You may also want to look at, What Is a Merchant Account and How to Get One.

13. Getting the Funds for Your Operation

Obtaining Funding for Your Pool Hall Business

If you require financial assistance to start and operate your pool hall business, several funding options are available. Consider the following tips if you need a loan to kickstart your venture:

• Explore Traditional Lenders : Approach traditional lenders, such as banks or credit unions, to inquire about business loans tailored to small businesses like yours.
• Private Loans : Research private lending institutions or individuals willing to fund your pool hall business. Private loans often offer flexibility in terms and conditions.
• Investors : Seek out potential investors interested in supporting your pool hall business. Prepare a compelling pitch highlighting your venture’s unique value and profitability.
• Leverage Assets : Consider selling any assets you own or utilizing collateral, such as property or equipment, to secure a loan.

When meeting with a loan officer, keep the following considerations in mind:

• Clearly articulate your business plan, showcasing your market analysis, revenue projections, and growth potential.
• Demonstrate your ability to manage financial responsibilities and repay the loan.
• Business plan
• Financial statements
• Tax returns
• Proof of collateral (if applicable)
• Personal financial information

Remember, funding options may vary based on your specific circumstances. It is advisable to consult with financial professionals and explore multiple avenues to secure the funding necessary to launch and sustain your pool hall business.

See, Getting a Small Business Loan for more.

14. Software Setup

Software Considerations for Your Pool Hall Business

When considering software options for your pool hall business, it is important to conduct thorough research to make informed decisions. Here are some key points to keep in mind:

• Implementation Considerations : It is generally easier to implement software from scratch rather than switching to a new system after your data is already in another program. Consider the long-term scalability and compatibility of the software you choose.
• Demo and User Reviews : Look for software providers that offer demos or free trials. This allows you to test the software firsthand and assess its suitability for your business needs. Additionally, read reviews and explore forums to learn from the experiences of other pool hall business owners.
• Financial Management Software : Research software solutions for effectively tracking expenses and preparing financial documents required for tax filings. Consulting with your bookkeeper or accountant can provide valuable insights and guidance in choosing the right accounting software for your business.

Software Options for a Pool Hall Business:

• Point of Sale (POS) Systems : Look for POS software designed to manage pool hall operations, with features like table reservations, inventory management, and integrated payment processing.
• Scheduling and Booking Software : Consider software solutions that streamline the process of scheduling pool table reservations and managing customer bookings.
• Membership and Customer Relationship Management (CRM) Software : Explore CRM platforms that help you efficiently manage customer information, loyalty programs , and targeted marketing campaigns.
• Accounting Software : Research accounting software options that facilitate bookkeeping, expense tracking, invoicing, and financial reporting tailored to the needs of small businesses.
• Security and Surveillance Software : Look for security and surveillance solutions that integrate with your pool hall, allowing you to monitor and manage video footage for enhanced safety and security.

Evaluate these software options based on your specific requirements and seek demos or trials whenever possible to make informed decisions that optimize the operations of your pool hall business.

Software Considerations for a Pool Hall Business.

Check out Google’s latest search results for software packages for a pool hall business.

15. Get The Right Business Insurance

Insurance Considerations for Your Pool Hall Business

To safeguard your pool hall business, having the right insurance coverage in place before any activities occur on your premises is crucial.

Consider the following concerns when seeking insurance:

• Comprehensive Coverage : Look for insurance policies that cover various aspects of your pool hall business, including protection for customers, employees, yourself, individuals on the premises, and your property.
• Professional Liability Insurance : Consider obtaining professional liability insurance to protect yourself and your business against potential lawsuits arising from professional services rendered, such as providing coaching or organizing tournaments.
• Specialized Pool Hall Insurance : Seek insurance providers or brokers specializing in pool hall insurance. They have industry-specific knowledge and can tailor coverage to the unique risks associated with your business.
• Risk Assessment : Conduct a thorough risk assessment of your pool hall to identify potential hazards and liabilities. Share this information with your insurance broker to ensure proper coverage.
• Work with a Competent Insurance Broker : Partner with a competent insurance broker who understands the pool hall industry and can guide you in selecting appropriate coverage. They should assess your specific needs, provide recommendations, and ensure you have sufficient coverage for your business.
• Policy Limits and Exclusions : Review policy limits and exclusions carefully to understand the extent of coverage and any applicable limitations or exceptions.
• Cost vs. Coverage : Consider the balance between insurance costs and the level of coverage provided. Compare quotes from multiple insurance providers to find the most suitable coverage at a competitive price.

By addressing these concerns and working closely with an experienced insurance broker, you can secure the right insurance coverage to protect your pool hall business and mitigate potential risks effectively.

For more, see What to Know About Business Insurance . You can also browse the latest Google search results for pool hall business insurance .

16. Select Suppliers

Choosing Suppliers for Your Pool Hall Business

Establishing strong relationships with reliable suppliers is crucial for the success of your pool hall business. Consider the following factors when selecting suppliers:

Reliability and Trustworthiness

Choose suppliers who have a proven track record of reliability and trustworthiness. This ensures that they consistently deliver products on time and meet quality standards.

Competitive Pricing

Opt for suppliers who offer competitive pricing. By securing favorable pricing, you can pass on savings to your customers, maintain competitive pricing in the market, and increase your profit margin.

Adequate Stock Availability

Ensure that your suppliers can provide a consistent supply of the necessary stock items to meet the demands of your pool hall business. Avoid stock shortages or delays in order fulfillment by partnering with suppliers who can meet your inventory needs.

Respectful and Mutually Beneficial Relationships

Treat your suppliers with respect and establish mutually beneficial relationships.

Fair and timely payments, open communication, and collaboration can contribute to a positive working relationship, enhancing supplier loyalty and support.

Remember, a reliable supplier network is vital for the smooth operation of your pool hall business.

Continually evaluate your suppliers’ performance, maintain open lines of communication, and explore opportunities for long-term partnerships that align with your business goals.

For More See, How To Choose a Supplier.

17. Physical Setup

A pool hall business’s physical setup/layout is crucial in creating an enjoyable and functional customer environment.

It strategically arranges pool tables, seating areas, and amenities to maximize space utilization.

A well-designed layout ensures smooth customer flow, promotes social interaction and allows for efficient staff operations.

Setting up proper signage is essential for a pool hall business. In addition to the main business sign, it is important to place signs in relevant locations such as parking lots, exits, and special areas.

Well-designed and strategically placed signs help direct customers, enhance safety measures, and showcase professionalism in your operation.

Office Setup:

A well-organized office is vital for effectively managing your pool hall business. As the administrative hub, your office should have the necessary tools and resources to handle various tasks efficiently.

It should include a computer, phone, filing system, and comfortable workspace.

An organized office environment increases productivity and enables you to handle administrative duties effectively, allowing you to focus on running your business smoothly.

See, Here are Considerations for The Setup of Your Office, for tips and ideas to make your office work for you. Also, have a look at our article About Company Signs.

18. Creating a Website

Benefits of Having a Website for Your Pool Hall Business

A website for your pool hall business offers numerous advantages in today’s digital age. Here are some key benefits:

• Online Presence and Visibility : A website provides a digital storefront, making your pool hall accessible to potential customers 24/7 and expanding your reach beyond physical limitations.
• Information Hub : Your website serves as an information hub to showcase your pool hall’s amenities, services, pricing, promotions, and special events, allowing customers to make informed decisions.
• Customer Engagement : A website enables direct customer interaction through contact forms, email subscriptions, and online booking options, fostering engagement and building relationships.
• Marketing and Branding : Utilize your website as a powerful marketing tool to promote your pool hall business, share testimonials, and highlight your unique selling points, enhancing brand recognition and credibility.
• Online Reservations and Bookings : Incorporate online reservation systems to simplify the booking process for customers, providing convenience and boosting customer satisfaction.
• Search Engine Visibility : Optimize your website for search engines to improve your online visibility, attract organic traffic, and increase the chances of being discovered by potential customers.
• Competitive Advantage : Having a professional website sets you apart from competitors who may not have an online presence, establishing your pool hall as a modern and trustworthy business.

By leveraging the benefits of a well-designed website, you can enhance your pool hall business’s online presence, attract new customers, and create a positive and engaging experience for visitors.

For more, see How to Build a Website for Your Business .

19. Create an External Support Team

Building an External Support Team for Your Pool Hall Business

Creating an external support team of professionals is essential for your pool hall business. These individuals provide valuable advice and services while not being on your payroll.

Team Engagement and Benefits

Ideally, you can engage their services per-use, contractual, or hourly.

Although you may already collaborate with some professionals, considering them as part of your team helps you recognize their significance and consider adding more members.

Gradual Development of the Team

You don’t need to have the entire team in place before starting your business. Building professional relationships and finding reliable individuals takes time. However, it is an ongoing effort worth pursuing.

Key Team Members

A strong external support team can assist you when needed. Your team may comprise various experts, such as:

• Accountant : Provides financial guidance, tax planning, and bookkeeping services.
• Lawyer : Offers legal advice, contract review, and compliance support.
• Financial Advisor : Assists with investment strategies, retirement planning, and financial management.
• Marketing Specialist : Develops marketing campaigns, social media strategies, and brand positioning.
• Technical Advisors : Provide expertise in technology solutions, equipment maintenance, and software integration.
• Consultants : Offer specialized industry knowledge and guidance in specific areas of your pool hall business.

Collaborating with these professionals ensures you have access to specialized knowledge and guidance in different areas critical to your pool hall business’s success.

As your business grows, you can expand your team to include additional experts contributing to your overall operations and strategic decisions.

For more, see, Building a Team of Professional Advisors for Your Business.

20. Hiring Employees

Managing Your Workforce for a Successful Pool Hall Business

In the early stages of your pool hall business, you might consider handling all tasks alone to minimize expenses, particularly payroll costs, during the initial phase.

However, as your business expands, managing and operating everything alone may become overwhelming.

Hiring employees can significantly enhance productivity and allow you to focus on essential aspects of business growth.

List of Essential Job Positions for Running a Pool Hall Business:

The following are job positions or outsourced services you may want to consider as your pool hall business grows and becomes successful:

• Front Desk Attendant : Responsible for greeting customers, managing reservations, and handling customer inquiries.
• Game Room Attendant : Ensures smooth operation of the game area, including maintaining equipment, assisting players, and enforcing rules.
• Bartender : Manages the bar area, serves drinks, and ensures responsible alcohol service.
• Maintenance Staff : Handles routine maintenance, repairs, and cleanliness of the pool tables, game area, and facilities.
• Marketing Specialist : Develops and implements marketing strategies, advertising campaigns, and promotions to attract customers.
• Event Coordinator : Organizes and coordinates special events, tournaments, and leagues for increased customer engagement.
• Bookkeeper : Manages financial records, tracks revenue and expenses, and prepares financial reports.
• Security Personnel : Ensures the safety and security of customers and premises during business hours.
• Janitorial Services : Outsourced cleaning services to maintain cleanliness and hygiene in the facility.

As your pool hall business flourishes, consider gradually expanding your team or outsourcing specific services to meet the demands of a growing customer base and to ensure smooth operations.

For more, see, How and When to Hire a New Employee.

Points To Consider

Hours of operation:.

Hours of Operation for a Pool Hall Business

When determining the hours of operation for your pool hall business, consider the following options based on customer demand, local regulations, and operational feasibility:

• Standard Business Hours : Opening your pool hall during typical business hours, such as 9:00 AM to 5:00 PM, caters to customers looking for daytime play or recreational activities.
• Extended Evening Hours : Adjusting your hours to accommodate evening crowds can attract customers who prefer to visit after work or during their leisure time. For example, opening from 12:00 PM to 12:00 AM or even later can cater to a broader range of customers.
• Late-Night Operations : Offering late-night hours, such as opening from 6:00 PM to 2:00 AM or beyond, can attract night owls, young adults, and those seeking entertainment during unconventional hours.
• Weekend and Holiday Operations : Considering extended hours on weekends and holidays, such as opening earlier or closing later, can accommodate customers with more flexible schedules and capitalize on peak leisure times.
• Flexible Timing : Offering flexible hours where you adjust your schedule based on customer demand can be advantageous. For instance, opening earlier during school breaks or hosting special events during specific times can cater to specific customer segments.

Remember to evaluate the market demand, local competition, and operational considerations when deciding on your pool hall’s hours of operation.

Regularly reassess and adapt your hours to ensure optimal customer satisfaction and business profitability.

A List of Equipment and Supplies to Consider for a Pool Hall Business:

Pool Tables: This is the most crucial equipment for your business. The number of tables you need will depend on the size of your premises. Typically, both 7-foot and 9-foot tables are included.

Pool Cues: Provide a range of high-quality cues for your customers. Some players may bring their own, but many will rely on the ones you provide.

Cue Racks: For neat organization and safekeeping of cues when not in use.

Pool Balls: Ensure you have extra sets in case of loss or damage.

Table Brushes and Covers: Brushes keep the felt clean, while covers protect the tables when unused.

Chalks and Cue Tips: These supplies are used frequently and must be replaced regularly.

Table Lights: Proper lighting is crucial for a good game of pool. Consider investing in high-quality overhead lights for each table.

Ball Racks: These are used to collect the balls after each game.

Billiard Gloves: Some players prefer using gloves for better cue control.

Scoring System: A chalkboard or electronic system can keep score during games.

Furniture: Comfortable seating and tables for customers are important, as are bar stools if you serve drinks.

Sound System: Background music can enhance the atmosphere in your pool hall.

Food and Beverage Equipment: If you’re serving food and drinks, you’ll need kitchen and bar equipment, including refrigerators, coolers, glassware, and utensils.

Point of Sale System: A modern POS system can streamline sales, inventory management, and financial tracking.

Security System: This includes surveillance cameras and alarm systems for the safety of your customers and your business.

Cleaning Supplies: Regular cleaning and maintenance are crucial to keep your space attractive and welcoming.

Remember, the quality of your equipment and supplies can significantly impact your customer’s experience, so it’s worth investing in high-quality items where possible.

Pool Hall Buyer Guides

Enhancing Industry Knowledge with Pool Table and Equipment Buyer Guides

Devoting time to study pool tables and equipment buyer guides is beneficial for gaining a customer’s perspective and expanding your industry knowledge.

These guides provide valuable insights into the features, quality, and customer preferences related to pool tables and equipment.

See the latest search results for pool table buyer guides.

Marketing Considerations

Attracting Customers to Your Pool Hall Business

Attracting customers is crucial to ensure your pool hall business’s success. While it may be challenging initially due to your new operation, building a good reputation over time and gaining marketing experience will make it easier.

Ongoing Marketing Efforts

Marketing your pool hall business should be an ongoing process. The more you invest in effective marketing techniques, the more revenue you generate.

No Need for Experts

You don’t always need a marketing agency or expert to market your business. You can always do that if needed.

To simplify your marketing process, think of it as bringing awareness to your business, which you can do anytime an opportunity arises.

See our article How To Get Customers Through the Door and our marketing section for articles that will provide ideas to bring awareness to your pool hall business.

Evaluating Your Skill Set for Running a Pool Hall Business

Focusing on your skill set and assessing whether you possess the necessary abilities to successfully run a pool hall business is important.

If you lack a crucial skill, you can learn it or hire someone with expertise.

Essential Skills for a Pool Hall Business Owner:

• Business Management : A solid understanding of business operations, financial management, and strategic planning.
• Customer Service : The ability to provide exceptional customer experiences, resolve issues, and build customer loyalty.
• Communication : Effective communication skills for customers, employees, suppliers, and other stakeholders.
• Leadership : The capability to motivate and lead your team, delegate tasks, and make sound decisions.
• Marketing and Promotion : Knowledge of marketing strategies, brand building, and promoting your pool hall effectively.
• Problem-Solving : The aptitude to identify and solve challenges that may arise in day-to-day operations.
• Organizational Skills : Managing schedules, prioritizing tasks, and maintaining efficient workflows.
• Financial Management : Proficiency in financial planning, budgeting, and managing cash flow.
• Industry Knowledge : Familiarity with pool hall operations, rules, equipment, and industry trends.
• Adaptability : Being open to change, embracing new technologies, and adjusting strategies based on market demands.

Evaluating and developing these essential skills will contribute to your effectiveness as a pool hall business owner and enhance the overall success of your venture.

Expert Tips

Improving Skills and Knowledge with Expert Tips

Examining expert tips is beneficial for individuals at any skill level, whether they are experts or novices.

Experts can discover more efficient methods or gain fresh perspectives, while novices can gather valuable tips to enhance their skills and expand their knowledge.

Embracing expert advice fosters continuous growth and improvement in your chosen field.

See the latest search results for expert pool hall tips to gain tips and insights.

Valuable Resources for Your Pool Hall Business

In this section, you will find a collection of resources that can provide you with the latest and most popular information related to the pool hall industry.

These resources are beneficial during the startup phase and when your business is fully operational.

By exploring these resources, you can gain a deeper understanding of the industry, stay updated on industry trends, and acquire valuable tips to enhance your pool hall business.

These resources serve as valuable references to help you make informed decisions and improve various aspects of your business operations.

Trends and Statistics

Understanding Industry Trends and Statistics for Your Pool Hall Business

Examining industry trends and statistics offers several benefits for your pool hall business. It provides insights into consumer preferences, market demand, and emerging opportunities.

You can make informed decisions, adapt your strategies, and stay ahead of the competition by staying informed.

See the latest search results for trends and statistics related to the pool hall industry.

Pool Hall Associations

Benefits of Trade Associations for Your Pool Hall Business

Trade associations provide several advantages, such as keeping you informed about industry news and providing networking opportunities.

These benefits become more pronounced when associations host events, enabling you to connect with industry professionals and stay updated on the latest developments.

See the search results related to pool hall associations.

Top Pool Hall Business

Gaining Insights from Established Pool Hall Businesses

Examining established pool hall businesses can provide valuable ideas and insights.

It helps identify gaps in the industry where you can introduce innovative offerings and uncover areas in your business that may have been overlooked or need improvement.

See the latest search results for the top pool hall businesses.

The Future of the Pool Hall Industry

Researching the Future of the Pool Hall Industry

Researching the future of the pool hall industry offers several benefits for aspiring business owners.

It provides insights into emerging trends, market demand, and potential growth opportunities.

This knowledge helps develop a forward-thinking business strategy and stay competitive in the evolving market landscape.

See the search results for the future of the pool hall industry.

Pool Hall Businesses for Sale

Pros and Cons of Buying an Established Pool Hall Business

Considering an existing pool hall business that is already operational has advantages and disadvantages.

Benefits of Buying an Established Pool Hall Business:

• Immediate Revenue : You can start earning revenue from the day you take over the business, avoiding the challenges of the startup phase.
• Proven Business Model : The fact that the business is already operating successfully indicates that its model works effectively.
• Existing Customer Base : With an established business, you already have a customer base, saving you time and effort in acquiring new customers.
• Reputation and Goodwill : The business has built a reputation over time, which can enhance its credibility and attract loyal customers.

Disadvantages of Buying an Established Pool Hall Business:

• Higher Cost : The purchase price is usually higher due to the value of the existing customer base and reputation.
• Challenges with Change : If you want to make significant changes to the business, it may lead to losing some customers accustomed to the previous operation.
• Inheriting Good and Bad : When purchasing an existing business, you acquire its reputation’s positive and negative aspects.

Carefully weighing these pros and cons will help you decide whether buying an established pool hall business is the right choice for you.

See the latest search results related to pool hall – businesses for sale to browse the latest listings.

Franchise Opportunities Related to a pool hall

Pros and Cons of Buying a Pool Hall Franchise

Considering a pool hall franchise has advantages and disadvantages, making it important to evaluate before starting a business. Exploring franchise opportunities may also uncover aspects of a pool hall you hadn’t considered.

Pros of Buying a Pool Hall Franchise:

• Proven Business Model : By following the established plan created by the corporate office, you can benefit from a proven business model.
• Existing Reputation and Marketing : Leveraging the franchise’s existing reputation and marketing efforts can give your business a head start.
• Comprehensive Business Knowledge : You gain valuable insights about the business before entering, ensuring you thoroughly understand its operations.
• Corporate Support : Having support from the corporate office provides guidance and assistance throughout your franchising journey.

Cons of Buying a Pool Hall Franchise:

• Higher Cost : Acquiring a franchise can be expensive, involving initial fees and ongoing royalty payments.
• Limited Autonomy : Making major changes to the business requires approval from the corporate office, reducing your ability to implement independent decisions.
• Restricted Product/Service Offerings : Operating within the franchise agreement restricts dealing with products or services not approved by the franchisor.
• Operational Restrictions : The franchise agreement typically dictates how the business should be operated, leaving less room for customization.

Carefully consider these pros and cons to determine if buying a pool hall franchise aligns with your goals and preferences as a business owner.

See the latest search results for franchise opportunities related to this industry.

Knowledge Is Power if You Use It!

Harnessing Knowledge for Your Pool Hall Business

Knowledge is a powerful tool when applied effectively. Online resources offer a wealth of information for your pool hall business.

Explore the links provided in the following sections to access valuable industry insights that can guide you during the research, startup, and full operation phases of your business.

Stay informed, make informed decisions, and continuously adapt your strategies for long-term success.

A Day in the Life

A Glimpse into the Life of a Pool Hall Business Owner

Discover valuable tips and insights from industry professionals in “A Day in the Life of a Pool Hall Business Owner.”

Gain an overview of what to expect and gather practical advice to navigate the daily operations of your pool hall business.

See the search results related to a day in the life of pool hall business owners.

Pool Hall Business Owners Interviews

Insights from Pool Hall Business Owners: Valuable Perspectives and Information

Exploring interviews with business owners in the pool hall industry provides important insights and information.

Take the time to delve into this section, as it offers diverse perspectives and valuable knowledge about the industry, giving you a clearer understanding of what to expect.

See the search results related to interviews of pool hall business owners.

Publications

Staying Informed: Publications for Pool Hall Businesses

Publications are a valuable resource to stay updated with the latest information about the pool hall industry.

Explore these publications to access timely insights, industry trends, and relevant news to keep your pool hall business informed and competitive.

See the search results for Industry publications.

Engage in Pool Hall Forums: Building Relationships and Gaining Customer Perspectives

Participating in pool hall forums provides an opportunity to join engaging discussions on hot topics. Actively participating allows you to forge relationships with industry peers and gain insights into customer perspectives, offering invaluable information for your pool hall business.

See the latest search results related to pool hall forums.

Enhance Your Skillset with Pool Hall Business Courses

Engaging in courses related to the pool hall business is an excellent way to learn, improve your skills, and stay updated with the industry.

Enroll in these courses to enhance your knowledge and stay current in this dynamic field.

See the latest courses related to running a pool hall business.

Pool Hall Blogs

Stay Informed and Inspired with Pool Hall Blogs

Subscribing to pool hall blogs is a great way to gather ideas and stay updated with industry trends.

By subscribing to multiple blogs and curating your collection based on relevance and quality, you can ensure a constant flow of valuable information to inspire and inform your pool hall business.

Look at the latest search results for pool hall blogs to follow.

Stay Informed with Pool Hall Industry News

Keeping up with the news is a great way to stay updated on the latest happenings in the pool hall industry.

Set up alerts to receive timely notifications whenever new developments are covered by the media, ensuring you stay informed and in-the-know.

See what’s in the news related to a pool hall business.

Discover Valuable Tips and Insights with Pool Hall Industry Videos

Watching videos about the pool hall industry provides many tips and insights.

Additionally, explore related videos suggested by YouTube, as they often cover topics you may not have considered before, expanding your knowledge and understanding of the industry.

See the links to YouTube Videos Below.

• Videos related to starting a pool hall business can be found here.

Privacy Overview

How to Start a Profitable Pool Hall Business [11 Steps]

By Nick Cotter Updated Feb 02, 2024

Business Steps:

1. perform market analysis., 2. draft a pool hall business plan., 3. develop a pool hall brand., 4. formalize your business registration., 5. acquire necessary licenses and permits for pool hall., 6. open a business bank account and secure funding as needed., 7. set pricing for pool hall services., 8. acquire pool hall equipment and supplies., 9. obtain business insurance for pool hall, if required., 10. begin marketing your pool hall services., 11. expand your pool hall business..

Embarking on the journey of starting a pool hall business requires a thorough understanding of the market. A comprehensive market analysis is crucial for gauging customer demand, scoping out competition, and identifying potential challenges and opportunities. Here's how to perform an effective market analysis:

• Research the local demographic: Identify the age, income levels, and leisure interests of the population in your targeted area to ensure there's a customer base for your pool hall.
• Analyze competitors: Visit nearby pool halls and entertainment venues to understand their offerings, pricing, and customer experience. Assess what you can do differently or better.
• Understand industry trends: Look into national and regional trends in the entertainment and leisure industry, particularly those relating to pool and billiards.
• Estimate market size: Calculate the number of potential customers by considering the population of your target area and the prevalence of pool players within that population.
• Assess the regulatory environment: Investigate any zoning laws, licensing requirements, and other regulations that could affect your pool hall business.
• Survey potential customers: Collect feedback through surveys or focus groups to understand what features, services, and experiences customers would value in a pool hall.

Are pool hall businesses profitable?

Yes, pool hall businesses can be profitable if they are managed well, have a good location and customer base, keep costs down and have a competitive pricing strategy.

Creating a comprehensive business plan is a crucial step when starting a pool hall. It serves as a roadmap for your business's financial health, growth, and operational strategy. Here's a guide to help you draft an effective business plan:

• Begin with an executive summary that encapsulates your pool hall's vision, mission, and key selling points.
• Describe your business structure, ownership, and the legal considerations pertinent to your pool hall.
• Perform a market analysis to identify your target demographic, competition, and market needs.
• Outline your services, including the number of pool tables, additional entertainment options, and any unique offerings.
• Develop a marketing plan detailing how you will attract and retain customers through advertising, promotions, and community involvement.
• Present a thorough financial plan, including startup costs, projected income, expenses, and profitability analysis.
• Detail your operational plan, addressing staffing needs, supplier relationships, equipment maintenance, and day-to-day management.
• Include an appendix with any supporting documents, such as resumes of key personnel, legal documents, and detailed financial forecasts.

How does a pool hall business make money?

Pool hall businesses generate income through services such as billiards, food and drinks. Customers pay for access to the pool tables, purchase food and drinks from the bar, and may compete in tournaments for entry fees. An ideal target audience for a pool hall business is young adults aged 18-35 who enjoy socializing and competing in games of billiards. Furthermore, hosting pool tournaments can also be a great way to attract potential customers while also providing additional income for the business.

Developing a strong brand for your pool hall is essential to stand out in the market and attract your target audience. Your brand encompasses your hall's identity, from its visual elements to the experience you offer. Consider the following points to create a cohesive and appealing brand:

• Define Your Brand Personality: Choose a personality that resonates with your target demographic, whether it's upscale and sophisticated, retro and nostalgic, or energetic and modern.
• Create a Memorable Name and Logo: The name should be catchy and the logo visually striking, making them easily recognizable and reflective of your pool hall's character.
• Select a Theme and Decor: The theme should align with your brand personality and be consistently applied throughout the decor, music, and even staff uniforms to provide a unique and immersive experience.
• Develop a Brand Message: Craft a clear message that communicates what your pool hall stands for and what customers can expect, differentiating you from competitors.
• Consistency Across Platforms: Ensure your branding is uniform across all customer touchpoints, including your physical location, website, social media, and advertising materials.
• Engage with Your Community: Build brand loyalty by engaging with your local community, sponsoring events, and creating partnerships that elevate your pool hall's presence and reputation.

How to come up with a name for your pool hall business?

Brainstorming a creative and unique name for your pool hall business can be a fun and exciting process. Begin by thinking of what you want your business to represent, such as the location, the type of customers you want to attract, and the atmosphere you want to create. Once you have established this, start jotting down ideas that come to mind. Consider combining words, such as ‘Lucky Break’ or ‘Spare Time’. You could even use a phrase from your favorite movie or song. Additionally, using online tools like the Thesaurus can help you generate ideas for different words related to your vision. Finally, research your area and make sure that no other businesses have already taken the name you’re considering. After completing all this research, select the name that best encapsulates the identity and mission of your pool hall business.

Formalizing your business registration is a crucial step in making your pool hall venture official and legally compliant. This process will vary depending on your location, but it typically involves registering with local and state authorities. Here's a guide to help you navigate this stage:

• Choose your business structure (e.g., Sole Proprietorship, LLC, Corporation) and ensure it aligns with your long-term business goals.
• Register your business name through your local county clerk's office or state government, ensuring it is unique and not already in use.
• Obtain an Employer Identification Number (EIN) from the IRS for tax purposes, especially if you plan to hire employees.
• Register for state taxes that may apply to your business, such as sales tax or unemployment insurance tax.
• Apply for any required local business licenses or permits specific to operating a pool hall, such as a liquor license or amusement permit.
• Consider consulting with a business attorney or accountant to ensure all legal and financial aspects of your registration are in order.

Resources to help get you started:

Explore invaluable resources designed specifically for pool hall entrepreneurs, including publications, industry reports, newsletters, and more for insights on market trends, best practices, and expert strategies to foster business growth:

• Billiard Retailer Magazine : This publication offers insights on the latest trends in the billiard industry, operational advice, and marketing strategies. Visit site .
• The National Billiard News : An essential newsletter providing updates on billiard competitions, product launches, and industry developments. Visit site .
• American Poolplayers Association (APA) : Offers extensive resources, including industry reports, networking opportunities, and business growth strategies for pool hall owners. Visit site .
• Billiards Digest : Dive into expert articles on managing a successful pool hall, along with tips from successful entrepreneurs in the pool and billiard industry. Visit site .
• Small Business Administration (SBA) : Provides general small business advice, including financial planning and management strategies, particularly useful for new entrepreneurs in the recreational sector. Visit site .

Before you rack the balls and chalk the cues, it's essential to ensure that your pool hall business is operating within the legal framework. Acquiring the necessary licenses and permits is a crucial step to avoid any legal troubles and to provide a safe, enjoyable environment for your patrons. Here's a rundown of what you might need:

• Business License: Register your pool hall with the local city or county to obtain a general business license.
• Liquor License: If you plan to serve alcohol, apply for a liquor license through your state's alcoholic beverage commission.
• Food Service Permit: Should your establishment serve food, you'll need to get a health department permit after passing a health inspection.
• Entertainment License: Some areas require a specific entertainment license for establishments offering games, music, or live performances.
• Building Permit: If you're constructing a new space or altering an existing one, you'll need a permit from the city planning or building department.
• Fire Department Permit: To ensure compliance with fire safety regulations, a permit from the fire department may be necessary.
• Zoning Permit: Check with local zoning authorities to ensure your pool hall is in a properly zoned area for your type of business.
• Signage Permit: If you intend to put up a sign for your business, you might need a permit based on size and location regulations.

What licenses and permits are needed to run a pool hall business?

A pool hall business typically requires a combination of licenses and permits. Depending on the location of the pool hall, additional permits or licenses may also be required. Generally speaking, to run a pool hall business, you should apply for the following:

• Business license and/or permit from the local government authority
• Alcoholic Beverage Control (ABC) license if your pool hall will offer alcoholic beverages
• Tobacco permits from the state and local government if you plan to serve tobacco products
• Health permit from the Department of Health and Human Services
• Food service license from local health department if food will be served

Securing your financial infrastructure is crucial when starting a pool hall business. A dedicated business bank account will help you manage your finances effectively, while securing funding ensures you have the necessary capital to cover startup costs and maintain cash flow. Follow these steps:

• Research banks: Look for a bank that offers services tailored to small businesses, such as low fees, online banking, and merchant services.
• Prepare documentation: Gather required documents which typically include your business plan, EIN, formation documents, and personal identification.
• Open the account: Visit your chosen bank with your documents to open the business bank account. Be clear about your business needs to get the right account type.
• Explore funding options: Consider loans, investors, crowdfunding, or government grants. Prepare a strong pitch and financial projections to attract funding.
• Apply for credit: If eligible, apply for a business credit card to help with purchasing power and to build your business credit history.
• Monitor cash flow: Keep a close eye on your finances with regular reviews of your business bank account to ensure you remain on track.

Setting the right pricing for your pool hall services is crucial for balancing affordability for customers and profitability for your business. It's important to research local competition and consider various pricing strategies that align with your business goals and customer expectations. Here are some key points to consider:

• Competitive Analysis: Evaluate the pricing of nearby pool halls and entertainment venues to ensure your rates are competitive yet profitable.
• Hourly vs. Per Game: Decide whether you will charge by the hour or per game. Hourly rates encourage longer stays, while per-game rates may attract casual players.
• Membership Options: Offer memberships or loyalty programs that provide discounts or perks, encouraging repeat business and customer loyalty.
• Dynamic Pricing: Consider implementing peak and off-peak pricing to maximize revenue during busy times and attract customers during slower periods.
• Group Packages: Create special rates for group events, parties, or corporate bookings, which can provide a steady stream of larger bookings.
• Additional Services: Set prices for any additional services such as food and beverage, equipment rentals, or lessons, ensuring they are in line with the perceived value.
• Cost Analysis: Regularly review your costs and adjust pricing accordingly to maintain profitability without compromising on customer satisfaction.

What does it cost to start a pool hall business?

Initiating a pool hall business can involve substantial financial commitment, the scale of which is significantly influenced by factors such as geographical location, market dynamics, and operational expenses, among others. Nonetheless, our extensive research and hands-on experience have revealed an estimated starting cost of approximately $35000 for launching such an business. Please note, not all of these costs may be necessary to start up your pool hall business.

Setting up your pool hall with the right equipment and supplies is crucial in providing a top-notch experience for your patrons. From high-quality pool tables to comfortable seating, each item plays a role in creating an inviting atmosphere. Below is a checklist to ensure you have all the essentials for your pool hall business:

• Pool Tables: Purchase professional-grade pool tables, including both standard and smaller sizes if space allows.
• Cues and Accessories: Stock up on a variety of cue sticks, chalk, racks, cue maintenance tools, and replacement tips.
• Seating and Furniture: Provide comfortable chairs, bar stools, and couches for lounging, along with tables for drinks and snacks.
• Lighting: Install proper overhead lighting fixtures above each pool table to ensure well-lit play areas.
• Scoring Systems: Have scoring boards or electronic systems available for keeping track of game results.
• Decor: Add aesthetic touches that match your theme, such as posters, neon signs, and decorative shelving.
• Bar Supplies: If serving drinks, include a well-stocked bar with glassware, refrigeration, and mixology tools.
• Entertainment: Consider additional entertainment options like music systems, TVs, arcade games, and darts.
• Cleaning Supplies: Maintain cleanliness with brushes for table surfaces, cloths for wiping down cues, and general cleaning products.
• POS System: Choose an efficient point-of-sale system for transactions and inventory management.

List of software, tools and supplies needed to start a pool hall business:

• Pool Tables - Estimated Pricing: $3,000.00 - $7,000.00 per table
• Billiards Accessories - Estimated Pricing: $100.00 - $500.00 per set
• Cue Racks - Estimated Pricing: $200.00 - $500.00 per rack
• Balls and Cue Sticks - Estimated Pricing: $50.00 - $150.00 per set
• Scoreboards/Table Covers - Estimated Pricing: $100.00+
• Pool Hall Furniture (Chairs, Tables, etc.) Estimated Pricing: $500.00+
• Table Lighting/Illumination System - Estimated Pricing: $200.00+
• Computer and Printer System for daily operations/memberships/etc. – Estimated Pricing:$750.00 – $1,000.00
• Cash Register/Credit Card Processing System – Estimated Pricing:Depends on system and features chosen.
• POS Software for Billing/Inventory Accounting – Estimated Pricing: Depends on system and features chosen.

Securing the right business insurance is a critical step in protecting your pool hall against potential risks. It can safeguard your investment from unforeseen events such as property damage, theft, or liability claims. Below are key insurance policies you may need to consider:

• General Liability Insurance: This coverage is essential for protecting your business from claims of bodily injury or property damage that can occur on your premises.
• Property Insurance: To cover damages to your building, pool tables, and other equipment, property insurance is vital, especially in the case of fire, theft, or natural disasters.
• Liquor Liability Insurance: If you plan to serve alcohol at your pool hall, this insurance is crucial to protect against claims resulting from the actions of intoxicated customers.
• Workers' Compensation Insurance: Required in most states if you have employees, this insurance covers medical costs and lost wages for work-related injuries or illnesses.
• Business Interruption Insurance: This helps you keep your business afloat financially if you are forced to close temporarily due to a covered event.

Marketing your pool hall is crucial for attracting customers and creating a loyal following. A strategic approach that combines both online and offline marketing efforts can help you reach a wider audience and promote your services effectively. Consider these tactics to get the word out and make your pool hall the go-to spot for billiards enthusiasts.

• Develop a strong brand identity and logo that resonates with your target audience and use it consistently across all marketing materials.
• Create a professional website with details of your services, location, and hours of operation, and optimize it for search engines (SEO).
• Leverage social media platforms like Facebook, Instagram, and Twitter to engage with your community, share promotions, and showcase events.
• Partner with local businesses and organizations to cross-promote each other's services and host joint events.
• Offer opening specials, discounts, and loyalty programs to incentivize first-time customers and reward regular visitors.
• Host tournaments, leagues, and special events to draw in competitive players and groups looking for a fun outing.
• Invest in targeted online advertising to reach potential customers based on their interests and location.
• Encourage satisfied customers to leave positive reviews on platforms like Google My Business and Yelp to build your online reputation.

Expanding your pool hall business requires strategic planning and innovative ideas to increase revenue and attract a wider audience. Here's how to take your business to the next level and create a more dynamic and engaging environment for your customers.

• Diversify Your Offerings: Add more games such as darts, shuffleboard, or arcade games to cater to a broader clientele.
• Host Tournaments and Events: Organize regular pool tournaments, leagues, and special events to increase foot traffic and encourage repeat business.
• Upgrade Your Facility: Invest in high-quality tables, comfortable seating, and a top-notch sound system to enhance the customer experience.
• Offer Lessons and Workshops: Partner with experienced players to offer pool lessons, which can attract newbies and improve the skills of regular patrons.
• Expand Your Menu: Consider adding or upgrading a kitchen to serve food and drinks, turning your pool hall into a one-stop entertainment venue.
• Marketing and Promotions: Utilize social media, local advertising, and loyalty programs to promote your expanded services and attract new customers.
• Partnerships: Collaborate with local businesses and sponsors to host joint events or offer mutual promotions, expanding your reach.

Start a Billiards Hall Business

Picturing a World of Stripes, Solids, and Trick Shots: Starting Your Own Billiards Hall Business

BILLIARDS HALL BUSINESS

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How to Make a Business Plan for a Pool Hall

• Small Business
• Business Planning & Strategy
• Making Business Plans
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How to Write an Advertising Brief for an Outdoor Cinema

How to make a business plan for charter buses, starting a bowling alley business.

• How to Write a Business Plan for Churches
• How to Start My Own Pool Hall or Billiards Business

Pool halls primarily attract people who love to indulge in an evening of billiards. If you cater to adults, your establishment likely serves liquor. Some pool halls focus on providing a safe place for teenagers to learn and play the game while socializing with their friends. No matter which market you go after, a business plan helps you create a niche and figure out the financing required to open your pool hall.

List Products and Services

Start by describing the number of pool tables you plan to offer and the pricing, usually set by the hour. Describe the location of the establishment as well as the interior setting, mentioning the types of music you plan to play, the lighting and the seating arrangements. List the beverages and food items you plan to serve and any business, liquor or food licenses your establishment needs to obtain.

Analyze the Market

Analyzing the market starts with identifying nearby competitors, including bars and nightclubs. If you do not plan to sell liquor, research competitors that appeal to teenagers and people who don’t drink, such as game rooms. Explain how your pool hall will differ from other establishments based on the target market you plan to cater to, such as appealing to serious billiards players, teenagers or people who like the music or atmosphere you create. Offering fine liquors as part of your bar offerings or adding big screen televisions to appeal to people who accompany the players are other ideas for creating a niche.

Describe Personnel

Running a pool hall requires a team of people, including a manager and someone to run the cash register. If you sell drinks and food, you also need wait staff, bartenders and cooks. Explain the qualifications you want when hiring these employees in order to make the pool hall a success. If you plan to manage the establishment yourself, explain how your education and experience in other pool halls or bars points to success in running this business.

Develop Marketing Strategies

Drawing people to your establishment requires a clear marketing strategy that includes promotions and press. Your strategy should mention adding signage to your hall that’s visible from the street. Using a website featuring photos of people having fun at your pool hall, advertising in local neighborhood publications and getting fans to like your Facebook page after they play a few rounds are other strategies you need to describe.

Explain Financing Needs

The financial section of your business plan explains how your establishments makes and spends money. Develop several years' worth of projected profit and loss statements that explain where your cash flow comes from, such as charging hourly fees for pool tables and selling drinks or food. The statements also show details on how much it costs to buy equipment, food and liquor as well as leasing space and paying utilities. This section also explains any financing you need from investors to open your pool hall.

• The Finance Resource.com: Free Pool Hall Business Plan
• CBS Los Angeles: Best Pool Halls in Orange County

Nancy Wagner is a marketing strategist and speaker who started writing in 1998. She writes business plans for startups and established companies and teaches marketing and promotional tactics at local workshops. Wagner's business and marketing articles have appeared in "Home Business Journal," "Nation’s Business," "Emerging Business" and "The Mortgage Press," among others. She holds a B.S. from Eastern Illinois University.

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Give us an overview of the pool hall business. It sounds pretty interesting.

In most metro areas now in the northeast, when you to go a pool hall, it’s not your plain cement floor just off the bowling alley type thing. The trend now is to have full bars, wait staff, comfortable lighting, comfortable chairs, that sort of thing. They are becoming really sort of Meccas for sports entertainment and in the case of The Hub, we actually have a second floor where we have a full live music venue. So we do live music on the weekends as well.

I see that in general. The pool halls that I’ve seen not adapt to that sort of more upscale play have actually started to fall by the wayside. We are seeing less and less of those dingy, grungy pool halls of yesteryear and more of a trend to the upscale space. We are not seeing more pool halls coming to being, but we are seeing a resurgence in the refurbish and the improvement of the pool halls that are local.

It is still very strong there. Again, speaking to Long Island, there is a big, strong, social element. At The Hub we focus very much on what I’ll call the “social player,” couple of guys coming in to shoot pool. But there is also, in the New York metro, a very strong amateur and professional league scene as well. Pool is alive and well and my understanding is that it’s thriving in other parts of the country as well.

Brad, back up a little bit and tell us how you got into this business. What’s your background?

I had gotten into this business actually through a friend. I was looking to start a business – when I was younger I had done a lot of work in retail and I had been very much customer facing in a lot of my past jobs.

I’m originally from Canada and I had a good friend up there open up a pool hall with a chain called Dooly’s in Canada. I’m going to say there are probably about 30 to 40 locations strong and he had opened one. I saw it as a great business where what appealed to me was the customers entertain themselves. They are not there for my food, not beholden to a chef. I wanted to get into some customer facing business. I was comfortable in that space and what struck me about billiards was that it is unique, it is niche and the customers for the most part entertain themselves, right? So that’s what got me into it and then leveraging my colleague and learning everything I could from what he had done building up his pool hall, when I moved to the United States and the time was right, I elected to go into that business and it’s been about five years now.

What kind profit potential is there in the pool hall business? You see some maybe in your local area and you wonder are people really making a lot of money in this?

If you look at gross margins – I’m just speaking for New York – anything that you make off the pool table is tax free in terms of sales tax and then our other revenue stream is beverage sales. We don’t have a full kitchen. We do simple foods but all in all the gross margins are in that 50 to 60%. In my case, the building is close to 12,000 square feet. Rent is your biggest expense followed by employees and then utilities. So net-net you can expect to get – if you are running it right, you could expect to see 10 to 15% net margins. Talk us through the process of creating a pool hall business plan. Where do you really start?

The first part was really coming up with what was the concept. Are you going to be a family entertainment center? Think bowling alley. That type of thing. Or are you looking to be more geared towards the player? Or are you looking to be more geared towards the social element, right? I think that drives the type of venue you want, how you are going to lay out and what kind of expenses you are going to have and, of course, it’s going to drive one of the major things, which is rent, and where you want to be. That’s the first thing: what’s your concept?

For me, it was simply just starting to write it all down. I think a lot of times when folks are thinking about starting a business, they’ve got all these ideas but they don’t take the time to methodically write it down. For me, the easy part was starting to write down my ideas and my thinking of everything. So this is all great. This is how it’s going to look. This is the pool tables I want. This is the décor. This is the food. And I could envision a day in the life but then the hard part maybe not the most glamorous part was okay, let’s start to then figure out what this thing is going to cost.

Once I had an understanding of what I wanted in terms of a concept, I started to look for locations and sites. Long Island is just one big, sprawling suburb broken into small towns. I started looking at those towns where people gathered. My concept was all around sort of the social or entertainment player. We still have families. We still have leagues and that sort of thing, but the real focus was on what I will call the social player.

Families will come in, absolutely, and they’ll get some chicken wings or get some sodas and they are great for a Saturday afternoon or Sunday afternoon for sure. The league players, what I find is the serious league players around pool are very serious on the game. They are not big drinkers, but the keep your room as busy on a Monday, Tuesday or Wednesday night. The money is in the folks that will come in, maybe they will be two couples, they will come in, they will take a table for a couple of hours but the women are drinking wine, the guys are drinking craft beers and that’s really where the money is in, birthday parties, to be honest with you.

The way we’ve designed our room and we get a lot of 30, 40, 50, 60th sort of celebration birthday points. We’ve done it such that the wives, the girlfriends feel just as comfortable in the places the guys do. To me that’s the sweet spot. If I could do birthday parties every day of the week, I’d be a happy man.

How do you get funding for your pool hall business? I mean, when you walk into a bank or you apply for a loan, is this something people want to lend you money to do?

I spent a lot of time with the New York State Development Corp. refining the business plan. I went to leverage the different resources like score to continue to flesh out the plan and then through the SBA programs there, I was able to get funding from a bank. To answer your question succinctly, Matt, yes, I think they will fund you. Obviously, how much are you looking for? How much are you putting in yourself? What does your business plan look like? Those are all key factors.

Ultimately, what you might want to look at is purchasing an existing pool hall. Can you get the guy that’s had the place for 10/15 years, maybe let it run down a little bit and he is ready to get out. So the question is: is it the right location for the concept you want to do? What’s it going to take to turn around? What sort of modifications, refurbs, cleanup is it going to take? There is a high likelihood that you can get the seller to finance part of the purchase. “Listen, we are going to pay this thing off over three years, four years and I will give you 50% down and you pay the other 50% off monthly at an agreed upon interest rate.”

That’s another route that I know other owners have taken and the trade-off is it might not be the exact location you want to go to and that can be do or die. Then again, you may not have to deal with any banks.

Buying an existing location, that’s an interesting thought and I’m sure that some people listening are going to be faced with that sort of thing. How do you differentiate between a business that might be just poorly run with a lot of upside potential and one that’s on the way out that you really should steer clear of?

The first thing I would do is consult with the building department. Here on Long Island, you have to be zoned for public assembly. You have to be zoned for billiards and amusement. Then, of course, if you have a bar, you have to have a liquor license and have the zoning to sell liquor and food. All of these things you can find at your local building department. What I would suggest is you make a list of all the pool halls in the surrounding area that you are interested in, craft a letter introducing yourself frankly stating, “Hey, I’m looking at opening up a pool hall in your area. I’d be interested in speaking to you about possibly purchasing your venue.” Send that out to all of those guys and then you’ll get information back.

Now you’ve done your business plan, right? I’m not saying this is a way to short circuit your business plan, but you’ve done your business plan. You understand what certain things cost. You’ve talked to the electrical company to get an understanding of what the rates are for gas/electric. You know what the phone bill is going to be. You’ve gone to the liquor and beer distributors and if not the distributors, just go to the retail outlets and you’ve priced liquor, you’ve priced beer. You have an understanding of what your costs are going to be going into it. And it’s not going to be perfect but it’s going to be pretty close and what I offer in my consulting is the ability to validate some of those assumptions that some of my customers have made, right? Hey, you are too high. You are too low. That sort of thing.

Point is you’ve done your  business plan , you’ve done your homework. Now when you’ve reach out – and I guarantee you, you are going to get some calls – you go in there and you’ll be able to spend some time with them. What’s the rent? As part of the business plan, you’ve talked with real estate brokers, commercial brokers, you’ll know what the going rent is in certain towns in certain areas, right? Have the guy signed a terrible lease? If he has signed a terrible lease, is there an opportunity that when you buy this to renegotiate the lease? Of course, you are not going to buy anything until you’ve talked to the landlord and had that discussion.

To answer your earlier question, yeah, maybe he is just into a terrible lease and there is an opportunity to renegotiate the lease. Maybe he’s let the place go and you’ve spent some time, you’ve staked it out, you’ve been there on Saturday and next Friday nights. Maybe you know people who know the pool hall. Is it just run down? The old pig needs some lipstick? What’s the neighborhood that it’s in? Is it in a good neighborhood and just been let run down? Or is the neighborhood changing? From what you know about the neighborhood, is it changing for the better or for the worse?

You to go two or three pool halls and you talk to the owners, you are going to start to get a sense of what is a good deal and what isn’t. You are going to start to know because you’ve done your research about turning it around.

The other thing you could think about is find out who runs the pool tournaments. In the New York area, there is a hand full of guys that are sort of the go-to guys for the metro and regional tournaments.  Predator  is a brand of cue. They hold the Predator Tour .  Joss  is another cue manufacturer, so there is the Joss Tour , those types of things.

The guys running those tournaments and the guys who go to those tournaments know all the pool halls and know all the issues that are going on. So if you find out where the next Predator tour is or the next tournament, you’ll go there. They’ll be 20, 30, 40, 50 guys depending on the size of the tournament. Just go in, hang out, introduce yourself to some of the players and say, “Hey, what about Bob’s pool hall over on route 10. What do you guys know about that? What’s the word on the street of those guys?” And you’ll be amazed at the answers. It’s a relatively small community and you’ll start to get a feel for that particular location and trust me, you’ll start to get enough information to find out if it’s a good spot, if it’s a diamond in the rough, or if it’s a dog.

Recently I had one of the pool halls not far from me, really a rundown place that went belly up. I had some guys I know from my pool hall go out there – they thought they could get it on the cheap, right? Hey, you know this guy is going out of business we get it on the cheap. Well, you know what? They found out there was no sprinkler system. It was an older building so it was sort of grandfathered that they didn’t need a sprinkler system. Well, you know what? To have a new owner, means the grandfathering is over. So they’d have to go to the building department, get sprinkler systems. Lo and behold, they do a bit more research, find out he hasn’t got a billiards permit.

Again, some of these towns they turn a blind eye as long as there is no trouble but do you want to build your business on the fact that this guy isn’t “legal to use.”

What about choosing a location if you are opening a new pool hall? Are there certain types of businesses you want to be located near or are there certain types of properties that offer a good value – might be attractive but not too expensive?

I target what I call the social player in my business plan. I am in an area sort of between two towns where there is not a convergence of restaurants or bars, so I would have liked to have been closer to what we call the “happening towns” on Long Island where they are known for their nightlife. I’m also on the south shore, which means that to get to my location, you’ve got to come off the beaten path a little bit. What I would suggest is you try to get as close to major arteries as you can. That will increase your draw. I get people especially for my music or for some of the dart tournaments or pool tournaments I try to run. A little off the beaten path that’s going to cut back by 15-20% the amount of people we can draw, right? So look for a major artery.

Look for companion businesses and in my case, it would be bars, restaurants, sort of a happening area. The tradeoff, of course, is your rent is going to be higher, right? Then the availability of space. Again, I’ve got a two-story building. Each floor is about 5500 square feet. To find 5, 6, 7, 8, 9, 10,000 square feet depending on how big you want to go in a sort of happening area, can be expensive. I’m not saying it’s not worth it, but that’s the tradeoff you’ll have to make.

Now that you’ve brought in customers, what are some of your marketing techniques that you’ve learned about effective ways to market a pool hall business?

Couple of ways that we’ve been bringing in customers. First of all, we scan everybody’s ID at door. What that does is it captures their address, date of birth, first and last name. It’s called Bar & Club Stats . It’s an app for an iPod and then you buy this specialty scanner that the iPod slips into. We’ve been doing that to capture current customers and we then do that for mailings, right? So we’ll send out postcards to those people. We also actively work on our Facebook page to capture likes and leverage social media. As you know, it costs nothing, so it’s a good value for the buck. If you go to our website and you want to look at our calendar events, it leads right to our Facebook page and we work pretty hard to keep that up-to-date, so leveraging social media.

The other piece of it, with us, we are targeting dart tournament organizers, pool tournament organizers to drive our day traffic predominantly on the weekend, so we will work with guys that are connected with the dart community. As part of your concept, you definitely want to have a dart alley. Unlike the pool players, the dart guys, they come to play and they come to drink, so they are a great demographic to target, for sure. We leverage the dart guys and work with them to bring tournaments. We do pool leagues which then gets us out in the pool community, so we have a Wednesday night leagues. Then for the venue upstairs, we leverage a lot of promoters where we give them a cut of the door and they are tasked with putting together a show for the evening, whether that’s one band or multiple bands.

I haven’t been able to find anything besides email, direct mail, social media. We don’t do anything with local newspapers or anything like that just because it’s been cost prohibitive. Those would be the main areas. The old adage, your best new customer is your last customer. If we’ve got a show going on where I’m going to have 50, 75, 100, 150 people upstairs, that’s 100 new names. For a 42 cents stamp I could send them out a postcard and remind them to think about their next party at the Hub.

What kind of pricing do you have at the Hub Billiard Club? What does it cost to come and play a game of pool?

We do it on a per person, per hour basis. So if you are coming in on a Saturday night and you’ve got two, three, four people, you are looking at about, on average, $6 to $7 per person per hour. Four people shooting pool on a Saturday for an hour the bill would be about $24. We open at noon each day and we have a stable of retirees or shift worker type city employees that come in pretty much every day and we give them a $12 play-all-day flat rate. These guys are in every day working on their game, so we do that for them. Our liquor prices, in the Long Island area, we charge about $5 for a beer and then hard liquor can run $6 to $9 – $10, depending on the drink.

Certainly, liquor sales is an important part of the pool hall business?

For every dollar we take in in pool revenue, we are taking in about a dollar and a half of liquor. So the more you can drive the people to the pool tables – people are there, they are grabbing pictures of beer, they are grabbing a martini, they are grabbing a glass of wine, they are having a shot of scotch, whatever it may be. I can’t see a pool hall surviving without some food but definitely liquor sales.

What about finding and hiring a good manager and employees? What do you have for advice about that?

I lucked in. I had friends of the family, their son was just finishing up hospitality management in college and I brought him in – he was probably about 22 or 23 at the time – and remember this was my first pool hall, my first business, so it was a sort of, “Let’s learn this thing together.” What was great about having that individual was he’d bartended a lot. He knew how to run a bar. He was great with people and he had this desire to learn.

Have some faith that it’s not rocket science, right? Anybody can learn to pour a drink. Anybody can be taught. Find somebody that’s passionate about the idea as you. Pay them as much as you can afford if they are good. They don’t have to be pool experts but if they enjoy the game of billiards, most importantly, if they enjoy the public and have people skills and then you are looking for somebody that can get the job done.

In my research I ran across one book, and there was this great anecdote about keeping employees. It went something like this, he called it the shopping mall rule where if you were in a big shopping mall and you saw somebody that you knew, we all do one of three: we walk over and say, “Hey, Bob. How are you doing?” Or “Hey, there is Bob. If I bump into him, I’ll say hi.” Then there is the third type which is “Hey, there is Bob. I think I’ll turn the other way around.” The advice from this book, and it served me well, was you only keep the first one. So if you’ve got an employee that you wouldn’t run to in the mall and say, “Hey, how are you doing?” Then get rid of them.

It’s a simple little rule of thumb that’s worked really well because it keeps morale up with everybody because everybody that’s there wants to be there and is doing their share. My first manager actually just moved on. He’s now starting his own business and I think a lot of what he learned starting the pool hall with me has now translated into his confidence to do something on his own. So find somebody that’s passionate. The ideas will come, the energy to do it. Assume that they are going to fail a little bit and make mistakes but make sure they want to deal with the public, that they have some people skills and you are comfortable with their management style and how they are going to treat the employees.

What would you say are the most common mistakes you see people make when they open a pool hall?

The first thing I see in the planning stage is they’ve got this great rosy picture but when you actually peel down and say, okay, so what’s the rent going to be there? Have you talked to the building department? What’s the situation with liquor sales there and reps in your state? How does that all work? Because every state is different, right?

The biggest mistake I see is they are ready to take that step of signing a lease or making an offer to an existing owner without having done their homework. That leads to either overpaying for rent or overpaying for the business and not being fully prepared for what they are going to get in to.

The other piece of it, if you haven’t done it before, maybe first get into a bar of similar size and style and see if you can work there. Whether it’s kitchen help, stock boy, bar back, bartender, waiter, if you haven’t got it, get some of that relevant experience just so you understand what’s it about. Nothing worse than betting part of your nest egg on a business just to find out it’s not really your cup of tea. Do what you can to get some relevant experience beforehand if you haven’t got it already.  

Brad Turner is the creator of  Pool Hall Business Plan  and is the owner of  The Hub Billiard Club  in Island Park, New York.

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It should be noted that there is no special software required to use these templates. All business plans come in Microsoft Word and Microsoft Excel format. Each business plan features:

• Excecutive Summary
• Company and Financing Summary
• Products and Services Overview
• Strategic Analysis with current research!
• Marketing Plan
• Personnel Plan
• 3 Year Advanced Financial Plan
• Expanded Financial Plan with Monthly Financials
• Loan Amortization and ROI Tools
• FREE PowerPoint Presentation for Banks, Investors, or Grant Companies!

1.0 Executive Summary

The purpose of this business plan is to raise $100,000 for the development of a billiards/pool hall while showcasing the expected financials and operations over the next three years. The Pool Hall, Inc. (“the Company”) is a New York based corporation that will provide usage of pool tables and a full bar/limited food service to customers in its targeted market. The Company was founded by John Doe.

1.1 Products and Services

The Pool Hall will be an upscale location that will feature a full bar with wine, beer, and spirits as well as an expansive number of green felt pool tables for customer use. The location will feature low key lighting and a classic pool hall atmosphere. Alcohol and food sales will be the primary revenue stream for the business. The third section of the business plan will further describe the services offered by the Pool Hall.

1.2 The Financing

Mr. Doe is seeking to raise $100,000 from as a bank loan. The interest rate and loan agreement are to be further discussed during negotiation. This business plan assumes that the business will receive a 10 year loan with a 9% fixed interest rate.

1.3 Mission Statement

The Pool Hall’s mission is to become the recognized local leader in its targeted market for providing an outstanding pool hall experience.

1.4 Mangement Team

The Company was founded by John Doe. Mr. Doe has more than 10 years of experience in the retail management industry. Through his expertise, he will be able to bring the operations of the business to profitability within its first year of operations.

1.5 Sales Forecasts

Mr. Doe expects a strong rate of growth at the start of operations. Below are the expected financials over the next three years.

1.6 Expansion Plan

The Founder expects that the business will aggressively expand during the first three years of operation. Mr. Doe intends to implement marketing campaigns that will effectively target individuals within the target market.

2.0 Company and Financing Summary

2.1 Registered Name and Corporate Structure

Pool Hall, Inc. The Company is registered as a corporation in the State of New York.

2.2 Required Funds

At this time, the Pool Hall requires $100,000 of debt funds. Below is a breakdown of how these funds will be used:

2.3 Investor Equity

Mr. Doe is not seeking an investment from a third party at this time.

2.4 Management Equity

John Doe owns 100% of the Pool Hall, Inc.

2.5 Exit Strategy

If the business is very successful, Mr. Doe may seek to sell the business to a third party for a significant earnings multiple. Most likely, the Company will hire a qualified business broker to sell the business on behalf of the Pool Hall. Based on historical numbers, the business could fetch a sales premium of up to 4 times earnings.

3.0 Products and Services

Below is a description of the services and products offered by the Pool Hall.

3.1 Sales of Alcoholic Beverages and Food

The primary revenue stream for the business will come from the sale of alcohol to patrons. The Pool Hall will maintain an expansive bar that will feature a number of spirits, an expansive wine list, and a number of domestic and imported beers. At all times, the tavern will comply with all state and municipal regulations regarding the sale of alcohol. For each patron, a valid ID will be required to ensure that the patron is 21 or older. For very busy evenings, Mr. Doe may hire a part time door bouncer to check identifications as customers enter the bar. Additionally, Management will keep all liquor licenses up to date, and will file the appropriate documentation and fees on a quarterly basis.

3.2 Pool Table Usage

The secondary revenue center for the business will be the ongoing usage of the Company’s pool tables. At any given time, Management anticipates that the business will have fifteen to twenty pool tables. Each round of pool will generate $1.00 in revenue for the business. Per hour usage of pool tables will cost $5.00

4.0 Strategic and Market Analysis

4.1 Economic Outlook

This section of the analysis will detail the economic climate, the pool hall industry, the customer profile, and the competition that the business will face as it progresses through its business operations. Currently, the economic market condition in the United States is in recession. This slowdown in the economy has also greatly impacted real estate sales, which has halted to historical lows. Many economists expect that this recession will continue until mid-2010, at which point the economy will begin a prolonged recovery period.

4.2 Industry Analysis

The retail entertainment facility (pool halls) industry generates approximately $1.5 billion dollars a year among 2,700 companies that operate pool halls and arcades. These revenue numbers do not include amusement parks, casinos, or resorts that provide arcade machines as a value added benefit to patrons. The industry employs more than 30,000 people and provides aggregate annual payrolls of $350 million dollars. As stated earlier, the pool hall industry is mature. The expected continued growth of these businesses is expected to mirror the general population growth plus the rate of inflation.

4.3 Customer Profile

In this section of the analysis, you should describe the type of customer you are seeking to acquire. These traits include income size, type of business/occupation; how far away from your business is to your customer, and what the customer is looking for. In this section, you can also put demographic information about your target market including population size, income demographics, level of education, etc.

4.4 Competitive Analysis

This is one of the sections of the business plan that you must write completely on your own. The key to writing a strong competitive analysis is that you do your research on the local competition. Find out who your competitors are by searching online directories and searching in your local Yellow Pages. If there are a number of competitors in the same industry (meaning that it is not feasible to describe each one) then showcase the number of businesses that compete with you, and why your business will provide customers with service/products that are of better quality or less expensive than your competition.

5.0 Marketing Plan

The Pool Hall intends to maintain an extensive marketing campaign that will ensure maximum visibility for the business in its targeted market. Below is an overview of the marketing strategies and objectives of the Pool Hall.

5.1 Marketing Objectives

• Develop an online presence by developing a website and placing the Company’s name and contact information with online directories.

• Implement a local campaign with the Company’s targeted market via the use of flyers, local newspaper advertisements, and word of advertising.

5.2 Marketing Strategies

The Pool Hall will use a number of marketing strategies that will allow the business to generate revenue and visibility from the onset of its operations. Primarily, the Company will generate a significant amount of visibility through its retail location. One of the reasons that Mr. Doe is seeking a high visibility location is so that the Pool Hall generates a substantial amount of walk-in traffic. Prior to opening the Pool Hall facility, Management intends to send mailing and circulars to local residents within selected areas of the target market so that the business has instant traffic and visibility upon its grand opening. Finally, as the business expands, the Pool Hall will aggressively implement a broad based marketing strategy which may include local billboards, radio, and advertisements in local area newspapers and publications. As stated above, the Company will use these marketing strategies at the onset of operations for grand opening announcements.

5.3 Pricing

In this section, describe the pricing of your services and products. You should provide as much information as possible about your pricing as possible in this section. However, if you have hundreds of items, condense your product list categorically. This section of the business plan should not span more than 1 page.

6.0 Organizational Plan and Personnel Summary

6.1 Corporate Organization

6.2 Organizational Budget

6.3 Management Biographies

In this section of the business plan, you should write a two to four paragraph biography about your work experience, your education, and your skill set. For each owner or key employee, you should provide a brief biography in this section.

7.0 Financial Plan

7.1 Underlying Assumptions

• The Pool Hall will have an annual revenue growth rate of 16% per year.

• The Owner will acquire $100,000 of debt funds to develop the business.

• The loan will have a 10 year term with a 9% interest rate.

7.2 Sensitivity Analysis

The Company is providing pool tables for use among customers, which are not a necessity. However, the pricing point for the Pool Hall’s services is extremely low, and the general economy would need a serious recession before a revenue decline. The high margin revenue generated by the business will allow the Company to operate profitably despite negative economic climates.

7.3 Source of Funds

7.4 General Assumptions

7.5 Profit and Loss Statements 

7.6 Cash Flow Analysis

7.7 Balance Sheet

7.8 General Assumptions

7.9 Business Ratios

Expanded Profit and Loss Statements

Expanded Cash Flow Analysis

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Tips for a pool hall business?

The pool hall that occupied the space I'm eyeing closed shop due to the pandemic. I've been planning to open up another pool hall in its place. Before the pandemic, this street used to have 2 pool halls that were always packed full of students from the nearby school. Any tips on how to manage a pool hall? Especially on how to tally the games and how to make it so that tampering is avoided should I hire staff to record.

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Lindner College of Business named among best places to work in Greater Cincinnati

College among top employers in a pool of more than 150 organizations.

The Carl H. Lindner College of Business received recognition as one of Greater Cincinnati’s best places to work from the Cincinnati Business Courier at its annual event at TQL Stadium on Aug. 22.

More than 150 companies from the Greater Cincinnati area received consideration for this year’s honors, with 75 organizations being named finalists. Awardees were then selected as top candidates within their categories based on company size.

In addition to being a finalist, Lindner was honored as a top place to work in the large company category — the first time the college has received the award.

Lindner Dean Marianne Lewis (right) accepts the 2024 Best Places to Work award from Cincinnati Business Courier representative Kelly Snyder. Photo/Suzanne Buzek

“Lindner prides itself on our collaborative, problem-solving mindset, our dedication and unwavering Bearcat spirit. This award is a testament to that and to the exceptional talent across our ranks. Day-in and day-out, Lindner faculty and staff show up for our students, for the community and for each other,” said Lindner Dean Marianne Lewis , PhD, who accepted the award on the college’s behalf. “As such, we’re grateful for this recognition. Yet further, being named a ‘best place to work’ also sets a clear example for our students to seek out spaces where their exemplary talent will be valued and empowered.”

Employees review their companies via survey as part of the award process. Questions cover topics such as leadership, benefits and diversity. Their responses are then tabulated to determine the awards finalists and winners.

To be named a finalist, companies had to score in the top 80-90th percentile in a variety of categories that covered leadership, employee engagement and company culture.

Other honorees included organizations led by notable Lindner alumni and Business Advisory Council members including Scott E. Anderson, BBA '92, president of HBH Holdings, and Steven Mullinger, BBA '89, MBA '92, regional president of Huntington Bank. 

Featured image at top: Faculty and staff pose for a group photo at the college's annual holiday party. Photo/Danielle Lawrence

Empowering business problem solvers

Since 1906, the Carl H. Lindner College of Business has placed students at the forefront of the business world by offering rigorous academics and harnessing the power of Greater Cincinnati's vibrant business community.

• Lindner College of Business

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Popularly known as the Rostov, Rostov-on-Don is a seaport in the Southern Federal District of Russia. Situated on the banks of the Don River, it is the center of the administrative, educational, cultural and industrial market. Founded in 1749 as the customs port of Temernika, Rostov has a unique outlook because of its rich cultural and historical heritage. Tourists will enjoy a leisurely stroll on Pushkin Street, which is lined with restaurants, benches, memorials, statues, and thousands of trees and flowers. Families with children can pay a visit to the Rostov Zoo, where they can come across a huge variety of animals. Visitors can also catch a dramatic play, concerts and comedy shows at the Maxim Gorky Academic Drama Theatre. Nightlife is also an integral part in Rostov-on-Don, and tourists looking for some fun can visit the Don River lookout area. Here’s a look at some interesting things to do in Rostov-on-Don, Russia.

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Table Of Contents

• 1. Explore the much-famed Rostov-on-Don Cathedral
• 2. Browse through the Open-Air Museum of Railway Equipment
• 3. Pay your respects for the Red Army soldiers at the Ploshchad Sovetov
• 4. Spend some relaxing time on Pushkin Street - named after Alexander Pushkin
• 5. Visit the colossal Rostov Zoo with your children
• 6. Ride the Eye of the Ferris Wheel Odno Nebo
• 7. Spend an amazing time with your family at the H2O Aquapark
• 8. Shop for souvenirs at Rostov’s Central Market
• 9. Explore the embankment by Don River
• 10. Stroll across the notable Bolshaya Sadovaya Street
• 11. Appreciate the enthusiastic puppeteers at the Rostov State Puppet Theatre
• 12. Catch a live show at The Rostov Academic Drama Theater of Gorkiy
• 13. Let your kids interact with the dolphins at the Dolphinarium
• 14. Catch a game of football at the Rostov Arena
• 15. Get a chance to visit the iconic Voroshilovsky Bridge
• 16. Wonder at the Monument "Tachanka-Rostovite"
• 17. Embrace and have fun with science at the Laboratorium Interactive Science Museum
• 18. Explore Rostov Museum of Astronautics
• 19. Get key insights into the city's development at the Chernova House
• 20. Watch playful flamingos and peacocks at the October Revolution Park
• 21. Experience tranquillity in St. Iver Monastery
• 22. Discover the ruins at Paramonovskie Sklady
• 23. Pay your respects at Zmievskaya Balka Memorial
• 24. Ride a yacht over Don River
• 25. Enjoy a zipline adventure at The Jungle Rope Park
• 26. Enjoy horse racing at Southern Russia-Rostov-on-Don Hippodrome
• 27. Go for a morning walk along the quay
• 28. Dine at Onegin Dacha
• 29. Soak in some culture at the Rostov State Musical Theater
• 30. Marvel at the artefacts at the Rostov Regional Museum of Fine Arts

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Sumit lived in the UK for 10 years and experienced the hustle and bustle of the urban life. However, the serene Scottish country side is where his heart lies. He is still unable to understand Welsh... Read more

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Family Business Succession Planning

Family business succession planning is a critical process that enables the seamless transfer of leadership and control from one generation to the next, ensuring the long-term sustainability and success of the business. Effective succession planning involves identifying and developing a suitable successor, creating a realistic succession timeline, and establishing a clear shift plan. It also requires building a strong management team, managing family dynamics and conflict, preserving business legacy and values, and overcoming common succession obstacles. By understanding the key components of succession planning, family businesses can position themselves for long-term success and continue to thrive for generations to come.

Table of Contents

Identifying Successor Candidates

In the pursuit of facilitating a smooth passage, identifying the right successor candidates is a critical step in the family business succession process, as it sets the stage for the future leadership and direction of the organization. This involves evaluating internal and external candidates to determine the most suitable individual to take the reins. Effective assessment methods, such as skills testing, personality evaluations, and performance appraisals, can help identify top talent. Additionally, talent grooming strategies, like mentoring, coaching, and training programs, can be employed to develop the skills and competencies of potential successors. By adopting a structured approach to identifying and developing successor candidates, family businesses can increase the likelihood of a successful metamorphosis. It is vital to strike a balance between objective assessment and subjective judgment to verify the chosen candidate possesses the necessary skills, experience, and leadership qualities to drive the business forward. A well-planned succession strategy can mitigate the risks associated with leadership metamorphosis, guaranteeing the continued prosperity of the family business.

Developing a Succession Timeline

Having identified a pool of suitable successor candidates, the next step is to establish a realistic and achievable succession timeline that outlines the key milestones and deadlines for the handover of leadership responsibilities. This timeline serves as a roadmap for the shift process, guaranteeing a smooth transfer of power and minimizing disruptions to the business.

A well-structured succession timeline should include key succession milestones, such as the completion of training and development programs, the assumption of increasing responsibilities, and the formal transfer of authority. These milestones should be accompanied by specific shift benchmarks, allowing family members and stakeholders to track progress and stay informed. The timeline should also account for potential setbacks and contingencies, providing a flexible framework for adapting to changing circumstances. By establishing a clear and achievable succession timeline, family businesses can guarantee a seamless handover and position themselves for long-term success. A well-planned timeline mitigates the risk of uncertainty, guaranteeing that the business remains competitive and profitable during the handover period.

Establishing a Clear Transition Plan

Crafting a clear shift plan is crucial to ensuring that the family business remains stable and successful during the handover of leadership responsibilities. This plan outlines the steps necessary for a seamless metamorphosis, minimizing disruption to operations and maintaining stakeholder trust. A well-structured metamorphosis plan should include a detailed exit strategy, defining the roles and responsibilities of the outgoing leader, as well as the timing and process of their departure.

Furthermore, the plan should prioritize leadership development, identifying and preparing the next generation of leaders to take the reins. This may involve mentoring, training, and coaching programs to equip them with the necessary skills and knowledge. A clear metamorphosis plan also helps to establish a sense of continuity, providing a roadmap for the business's future direction and ensuring that the family's values and vision are preserved. By establishing a clear metamorphosis plan, family businesses can mitigate the risks associated with succession and set themselves up for long-term success.

Building a Strong Management Team

A strong management team is vital to the long-term sustainability of a family business, as it provides a foundation for effective decision-making and enables the next generation of leaders to successfully navigate the complexities of the industry. A well-rounded management team comprising individuals with diverse skills, expertise, and perspectives can drive business growth, improve operational efficiency, and enhance competitiveness.

To build a strong management team, family businesses must prioritize leadership development and talent acquisition. This involves identifying key positions pivotal to the business's success and developing a pipeline of internal talent to fill these roles. Family businesses can also consider external hiring to bring in fresh perspectives and skills. In addition, investing in leadership development programs can help equip the next generation of leaders with the necessary skills and competencies to navigate the challenges of the industry. By fostering a culture of continuous learning and development, family businesses can guarantee that their management team remains agile, innovative, and equipped to drive long-term success.

Managing Family Dynamics and Conflict

Nearly 70% of family businesses fail to shift successfully to the next generation due to unresolved family conflicts, underscoring the critical importance of effective family dynamics management in guaranteeing sustainable business continuity. Family conflicts can arise from differences in opinion, values, and goals, and if left unaddressed, can lead to business stagnation or even collapse. Effective family communication is key to mitigating conflicts and promoting a cohesive working environment.

Open and honest communication helps to clarify expectations, resolve misunderstandings, and build trust among family members. It is vital to establish a clear decision-making process, define roles and responsibilities, and set boundaries to avoid confusion and overlapping responsibilities. Conflict resolution strategies, such as mediation and negotiation, can also be employed to resolve disputes in a constructive manner. By fostering a culture of transparency, respect, and empathy, family businesses can navigate complex family dynamics and facilitate a seamless handover to the next generation. By prioritizing effective family communication and conflict resolution, family businesses can minimize the risk of conflict and guarantee long-term success.

Preserving Business Legacy and Values

Beyond guaranteeing a smooth handover of power, family businesses must also prioritize preserving the legacy and values that have contributed to their success, as these intangible assets are critical to maintaining the company's identity and reputation. Preserving the business legacy and values is vital to certify continuity and consistency in the company's operations, even as leadership changes.

Some key aspects to focus on when preserving business legacy and values include:

• Documenting the company's cultural heritage and history to safeguard its preservation for future generations
• Identifying and codifying the core principles that have guided the business's decision-making and operations
• Establishing a clear vision and mission statement that reflects the company's values and legacy
• Incorporating the company's values and legacy into employee training and development programs
• Creating a formal process for passing on the company's history, values, and legacy to new family members and employees

Overcoming Common Succession Obstacles

Succession obstacles can be a major hindrance to the continuation of a family business, and overcoming them is crucial to guarantee a smooth handover of power and responsibilities. One common obstacle is the fear of change, which can manifest in family members' reluctance to adapt to new management styles or strategies. This fear can lead to resistance to necessary changes, ultimately hindering the business's growth and sustainability.

Another significant obstacle is the lack of accountability, which can arise when family members are not held to the same standards as non-family employees. This lack of accountability can lead to poor performance, inadequate decision-making, and a lack of clear goals and objectives. It is crucial to establish clear roles, responsibilities, and performance metrics to confirm that all family members are held accountable for their actions.

To overcome these obstacles, family businesses should establish a clear succession plan, communicate effectively, and set realistic expectations. By doing so, they can mitigate the risks associated with succession and facilitate a seamless shift of power and responsibilities. By addressing these common succession obstacles, family businesses can increase their chances of long-term success and sustainability.

Frequently Asked Questions

How do i ensure fairness among family members in the succession process?.

To certify impartiality, establish clear fairness metrics, considering individual contributions, skills, and interests. This objective approach promotes Family concord by minimizing subjective decisions and guaranteeing a seamless shift, ultimately preserving the business's long-term viability.

Can a Non-Family Member Be Considered for a Leadership Role?

When considering leadership roles, it's vital to prioritize merit over nepotism. Bringing in outside expertise and non-family talent can inject fresh perspectives and skills, ensuring the best candidate leads the organization, regardless of family ties.

What Role Should In-Laws Play in the Family Business Succession?

In-laws should establish clear boundaries to maintain healthy family dynamics, avoiding conflicts of interest and ensuring objective decision-making; their role should be defined, respecting their contributions while preserving family ownership and control.

How Do I Protect the Business From Family Members' Personal Creditors?

To safeguard business assets, implement asset shielding strategies, such as forming a limited liability company (LLC) or trust, which provide creditor protection by separating personal and business assets, thereby shielding the business from family members' personal creditors.

Can a Family Business Be Sold to a Private Equity Firm Instead?

A private equity firm can acquire a family business, providing a lucrative exit strategy. A thorough financial valuation determines the sale price, ensuring a fair deal for shareholders, while the private equity firm injects capital for growth and expansion.

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