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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;
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.
Cue sports
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
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.
Manager
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.
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.
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.
Strength:
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.
Weakness:
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.
Threat:
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.
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.
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
Adults
College Students
Tourists
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
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;
Cue sports
Arcade games (gaming machines, foosball, darts and other games)
Food and drink service
Cue sports merchandise sales
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;
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.
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;
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.
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.
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.
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