"Thank you for putting together such a fabulous business plan and making it available for purchase. It has helped my partner and I immensely...and saved me ALOT of time!" - Kylie Searle, Australia
"I purchased your business plan, in reading it over so far, we seem to have a very similar vision of what we want in our pool halls and the atmosphere we want to obtain. I think it's great what you've done and I thank you for making this information available to me. I've had this vision for several years and for whatever reason I've never pulled the trigger...Not this time!" - Jody Frye, TX
Listen to my interview with Matt Thomas from StartingABiz.com at...
Are you serious about opening a pool hall but struggle with how to start?
It boils down to three steps:
Step 1: Articulate Your Vision
Step 2: Secure Financing
Step 3: Execute
Sounds easy right? Here's the thing, what ties these steps together is a well written business plan. In step one you get your vision on paper. How big is the room you want? How many tables? Is the decor upscale or more working class? What food and beverages will you sell? Do you want a full bar and kitchen?
Putting your vision on paper guides your research into the startup and operating costs (step 2). For instance, an upscale room catering to social players may require a location in a hip part of town with higher rents, versus a family oriented room in a more commecial part of town. A room selling snack and sodas needs less capital to start than one requiring a full kitchen and bar. Both will have very different sales and expense projects as well.
Finally, you need to execute! You have to put in the work. Write the plan, talk to bankers, commercial real-estate brokers and landlords, take bartending or business courses if you don't have the skills, do your research. And along the way continue to update and tweak you business plan. If you take consistent action I guarantee you will realize your goal of owning a pool hall business.
Here are five resources to assist you:
"The Pool Hall Startup Guide" EBOOK: Despite all my prep work, I still made mistakes that cost me a lot of money. In this ebook I share my experiences in the hope you'll be empowered to continue with your dream and avoid costly pitfalls. Simply enter your name and email on this page and get immediate access to my ebook: "The Pool Hall Startup Guide".
ARTICLES: I have written a series of articles on different aspects of starting and operating a pool hall. Read them for insight into what you can expect as a pool hall owner. Click here to access the Articles library.
BUSINESS PLAN: Jumpstart your project by purchasing the actual business plan I wrote to secure $640,000 in SBA funding. It's the best $50 you’ll spend because I give you all the necessary elements to write a solid plan. Use it to validate your research and save time. For more information and to order click here.
The "Operating A Successful Pool Hall" eBOOK: The first purpose of this manual is to help you avoid the kinds of mistakes that cost new owners thousands of dollars. Another purpose is to give you some knowledge about the billiard business which will help you get the best return as quickly as possible. Third, the manual will help you make profits over the long haul by establishing a "customer building" approach to your business. Fourth, it will help existing rooms to become more competitive and more profitable. Click here for a preview.
CONSULTING: You are going to have a lot of questions along the way. I certainly did. The internet, your professional support team, friends and family (especially small business owners) are all great resources to leverage. But there may be times when you need to speak with someone that has done what you are trying to do. Maybe its discussing realistic sales and expense projections for your business plan, or you have questions about location selection, or you simply have hit a wall and don't know what to do next. If you feel you need help, I make myself available for 1-on-1 consultations. To learn more about booking a 1-on-1 Consulting Session click here.
Your dream of owning a pool hall can become a reality if you properly prepare and act to execute your plan.
My hope is that you find the resources on this site helpful. Remember, you don't have to go it alone. Feel free to drop me a note at PoolHallBP@Gmail.com. I answer every email and love hearing about your success.
Wishing you all the best with your new business!