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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 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.

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Pool Hall Business Plan

Free Business Plan Template

Download our free business plan template now and pave the way to success. Let’s turn your vision into an actionable strategy!

• Fill in the blanks – Outline
• Financial Tables

How to Write a Pool Hall Business Plan?

Writing a pool hall business plan is a crucial step toward the success of your business. Here are the key steps to consider when writing a business plan:

1. Executive Summary

An executive summary is the first section planned to offer an overview of the entire business plan. However, it is written after the entire business plan is ready and summarizes each section of your plan.

Here are a few key components to include in your executive summary:

Introduce your Business

Start your executive summary by briefly introducing your business to your readers. This section may include the name of your pool hall business, its location, when it was founded, etc.

Market Opportunity

Summarize your market research, including market size, growth potential, and marketing trends. Highlight the opportunities in the market and how your business will fit in to fill the gap.

Marketing & Sales Strategies

Outline your sales and marketing strategies—what marketing platforms you use, how you plan on acquiring customers, etc.

Financial Highlights

Briefly summarize your financial projections for the initial years of business operations. Include any capital or investment requirements, associated startup costs, projected revenues, and profit forecasts.

Call to Action

Summarize your executive summary section with a clear CTA, for example, inviting angel investors to discuss the potential business investment.

Ensure your executive summary is clear, concise, easy to understand, and jargon-free.

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2. Business Overview

The business overview section of your business plan offers detailed information about your business. The details you add will depend on how important they are to your business. Yet, business name, location, business history, and future goals are some of the foundational elements you must consider adding to this section:

Business Description

Describe what kind of pool hall business you run and the name of it. You may specialize in one of the following pool hall businesses:

• Classic pool hall
• Upscale lounge
• Sportsbar with pool table
• Pool and entertainment complex
• College or campus pool hall

Describe the legal structure of your pool hall business, whether it is a sole proprietorship, LLC, partnership, or others. Also, explain where your business is located and why you selected the place. Here is an example:

List the names of your pool hall business’s founders or owners. Describe what shares they own and their responsibilities for efficiently managing the business.

Mission Statement

Summarize your business’ objective, core principles, and values in your mission statement. This statement needs to be memorable, clear, and brief.

Business History

If you’re an established pool hall business, briefly describe your business history, like—when it was founded, how it evolved over time, etc.

Additionally, If you have received any awards or recognition for excellent work, describe them.

Future Goals

It’s crucial to convey your aspirations and vision. Mention your short-term and long-term goals; they can be specific targets for revenue, market share, or expanding your services.

This section should provide a thorough understanding of your business, its history, and its future plans. Keep this section engaging, precise, and to the point.

3. Market Analysis

The market analysis section of your business plan should offer a thorough understanding of the industry with the target market, competitors, and growth opportunities. You should include the following components in this section.

Target market

Start this section by describing your target market. Define your ideal customer and explain what types of activities they prefer. Creating a buyer persona will help you easily define your target market to your readers.

Market size and growth potential

Describe your market size and growth potential, and whether you will target a niche or a much broader market.

For example, the anticipated revenue for the pool and billiard hall industry in the United States was to reach around $669 million in 2022, showcasing a rise compared to the forecasted value from the preceding year.

Competitive Analysis

Identify and analyze your direct and indirect competitors. Identify their strengths and weaknesses, and describe what differentiates your pool hall business from them. Point out how you have a competitive edge in the market.

Market Trends

Analyze emerging trends in the industry, such as technology disruptions, changes in customer behavior or preferences, etc. Explain how your business will cope with all the trends.

Regulatory Environment

List regulations and licensing requirements that may affect your pool hall business, such as business licensing, health & safety regulations, alcohol licensing, etc.

Here are a few tips for writing the market analysis section of your pool hall business plan:

• Conduct market research, industry reports, and surveys to gather data.
• Provide specific and detailed information whenever possible.
• Illustrate your points with charts and graphs.
• Write your business plan keeping your target audience in mind.

4. Products And Services

The product and services section should describe the specific services and products that will be offered to customers. To write this section should include the following:

Describe your services

Mention the pool hall services your business will offer. This list may include services like:

• Pool game rentals
• Tournaments and leagues
• Membership programs
• Private events and parties
• Instruction and coaching

Quality measures

This section should explain how you maintain quality standards and consistently provide the highest quality service.

This may include table maintenance, equipment quality, cleanliness & hygiene, ambiance, etc.

In short, this section of your pool hall plan must be informative, precise, and client-focused. By providing a clear and compelling description of your offerings, you can help potential investors and readers understand the value of your business.

5. Sales And Marketing Strategies

Writing the sales and marketing strategies section means a list of strategies you will use to attract and retain your clients. Here are some key elements to include in your sales & marketing plan:

Unique Selling Proposition (USP)

Define your business’s USPs depending on the market you serve, the equipment you use, and the unique services you provide. Identifying USPs will help you plan your marketing strategies.

USPs of Cue Haven

What makes Cue Haven truly unique is our dynamic events calendar, featuring themed nights, tournaments, and exclusive competitions, ensuring that every visit is an engaging and diverse experience.

We take pride in offering premium equipment meticulously maintained to the highest standards, guaranteeing a consistently excellent gaming experience.

Our customer-focused membership program goes beyond discounts, offering exclusive benefits like priority booking, access to members-only events, and personalized services, fostering a strong sense of community.

At Cue Haven, we integrate live entertainment seamlessly, making us not just a pool hall but a multifaceted entertainment venue catering to a broader audience.

With an innovative online reservation system, gourmet snacks, dedicated instruction services, and a commitment to safety and cleanliness, Cue Haven stands as the ultimate destination for pool enthusiasts seeking a sophisticated and unforgettable experience.

Pricing Strategy

Describe your pricing strategy—how you plan to price your services and stay competitive in the local market. You can mention any discounts you plan on offering to attract new customers to your business.

Marketing Strategies

Discuss your marketing strategies to market your services. You may include some of these marketing strategies in your business plan—social media marketing, brochures, email marketing, content marketing, and print marketing.

Sales Strategies

Outline the strategies you’ll implement to maximize your sales. Your sales strategies may include direct sales calls,  partnering with other businesses, offering referral programs, etc.

Overall, this section of your pool hall business plan should focus on customer acquisition and retention.

Have a specific, realistic, and data-driven approach while planning sales and marketing strategies for your pool hall business, and be prepared to adapt or make strategic changes in your strategies based on feedback and results.

6. Operations Plan

The operations plan section of your business plan should outline the processes and procedures involved in your business operations, such as staffing requirements and operational processes. Here are a few components to add to your operations plan:

Staffing & Training

Mention your business’s staffing requirements, including the number of employees or trainers needed. Include their qualifications, the training required, and the duties they will perform.

Operational Process

Outline the processes and procedures you will use to run your pool hall business. Your operational processes may include table allocation, customer services, membership services, etc.

Include the list of equipment required for the pool hall, such as pool tables, cues, racks, POS system, reservation system, etc.

Explain how these help you maintain quality standards and improve the efficiency of your business operations.

Adding these components to your operations plan will help you lay out your business operations, which will eventually help you manage your business effectively.

7. Management Team

The management team section provides an overview of your pool hall business’s management team. This section should provide a detailed description of each manager’s experience and qualifications, as well as their responsibilities and roles.

Founders/CEO

Mention the founders and CEO of your pool hall business and describe their roles and responsibilities in successfully running the business.

Key managers

Introduce your management and key members of your team, and explain their roles and responsibilities. For example,

Key managers of Cue Haven

Marketing Director – Alexis Foster:

Alexis Foster serves as the Marketing Director for Cue Haven, spearheading the brand’s positioning and outreach. With a dynamic background in digital marketing and event promotion, Alexis leads the marketing team in creating engaging campaigns, themed events, and promotional activities.

Head of Events and Entertainment – Marcus Turner:

Marcus Turner brings a creative flair to Cue Haven as the Head of Events and Entertainment. With a background in event planning and a passion for creating memorable experiences, Marcus curates an exciting calendar of themed nights, tournaments, and live entertainment.

Head of Customer Experience – Emily Chen:

Emily Chen is the Head of Customer Experience at Cue Haven, overseeing the front-of-house operations and ensuring exceptional service for every visitor. With a background in hospitality and a keen eye for detail, Emily leads the customer service team in providing a welcoming and enjoyable atmosphere.

Organizational structure

Explain the organizational structure of your management team. Include the reporting line and decision-making hierarchy.

Advisors/Consultants

Mentioning advisors or consultants in your business plans adds credibility to your business idea.

So, if you have any advisors or consultants, include them with their names and brief information consisting of roles and years of experience.

This section should describe the key personnel for your pool hall services, highlighting how you have the perfect team to succeed.

8. Financial Plan

Your financial plan section should provide a summary of your business’s financial projections for the first few years. Here are some key elements to include in your financial plan:

Profit & loss statement

Describe details such as projected revenue, operational costs, and service costs in your projected profit and loss statement. Make sure to include your business’s expected net profit or loss.

Cash flow statement

The cash flow for the first few years of your operation should be estimated and described in this section. This may include billing invoices, payment receipts, loan payments, and any other cash flow statements.

Balance Sheet

Create a projected balance sheet documenting your pool hall business’s assets, liabilities, and equity.

Break-even point

Determine and mention your business’s break-even point—the point at which your business costs and revenue will be equal.

This exercise will help you understand how much revenue you need to generate to sustain or be profitable.

Financing Needs

Calculate costs associated with starting a pool hall business and estimate your financing needs and how much capital you need to raise to operate your business. Be specific about your short-term and long-term financing requirements, such as investment capital or loans.

Be realistic with your financial projections, and make sure you offer relevant information and evidence to support your estimates.

9. Appendix

The appendix section of your plan should include any additional information supporting your business plan’s main content, such as market research, legal documentation, financial statements, and other relevant information.

• Add a table of contents for the appendix section to help readers easily find specific information or sections.
• In addition to your financial statements, provide additional financial documents like tax returns, a list of assets within the business, credit history, and more. These statements must be the latest and offer financial projections for at least the first three or five years of business operations.
• Provide data derived from market research, including stats about the pool hall industry, user demographics, and industry trends.
• Include any legal documents such as permits, licenses, and contracts.
• Include any additional documentation related to your business plan, such as product brochures, marketing materials, operational procedures, etc.

Use clear headings and labels for each section of the appendix so that readers can easily find the necessary information.

Remember, the appendix section of your pool hall business plan should only include relevant and important information supporting your plan’s main content.

This sample pool hall business plan will provide an idea for writing a successful pool hall plan, including all the essential components of your business.

After this, if you still need clarification about writing an investment-ready business plan to impress your audience, download our pool hall business plan pdf .

Frequently Asked Questions

Why do you need a pool hall business plan.

A business plan is an essential tool for anyone looking to start or run a successful pool hall business. It helps to get clarity in your business, secures funding, and identifies potential challenges while starting and growing your business.

Overall, a well-written plan can help you make informed decisions, which can contribute to the long-term success of your pool hall business.

How to get funding for your pool hall business?

There are several ways to get funding for your pool hall business, but self-funding is one of the most efficient and speedy funding options. Other options for funding are

• Bank loan – You may apply for a loan in government or private banks.
• Small Business Administration (SBA) loan – SBA loans and schemes are available at affordable interest rates, so check the eligibility criteria before applying.
• Crowdfunding – The process of supporting a project or business by getting a lot of people to invest in your business, usually online.
• Angel investors – Getting funds from angel investors is one of the most sought-after startup options.

Apart from all these options, there are small business grants available, check for the same in your location, and you can apply for it.

Where to find business plan writers for your pool hall business?

There are many business plan writers available, but no one knows your business and ideas better than you, so we recommend you write your pool hall business plan and outline your vision as you have in mind.

What is the easiest way to write your pool hall business plan?

A lot of research is necessary for writing a business plan, but you can write your plan most efficiently with the help of any pool hall business plan example and edit it as per your need. You can also quickly finish your plan in just a few hours or less with the help of our business plan software .

How detailed should the financial projections be in my pool hall business plan?

The level of detail of the financial projections of your pool hall business may vary considering various business aspects like direct and indirect competition, pricing, and operational efficiency. However, your financial projections must be comprehensive enough to demonstrate a complete view of your financial performance.

Generally, the statements included in a business plan offer financial projections for at least the first three or five years of business operations.

What key components should a pool hall business plan include?

The following are the key components your pool hall business plan must include:

• Executive summary
• Business Overview
• Market Analysis
• Products and services
• Sales and marketing strategies
• Operations plan
• Management team
• Financial plan

What's the importance of a marketing strategy in a pool hall business plan?

Marketing strategy is a key component of your pool hall business plan. Whether it is about achieving certain business goals or helping your investors understand your plan to maximize their return on investment—an impactful marketing strategy is the way to do it!

Here are a few pointers to help you understand the importance of having an impactful marketing strategy:

• It provides your business an edge over your competitors.
• It helps investors better understand your business and growth potential.
• It helps you develop products with the best profit potential.
• It helps you set accurate pricing for your products or services.

About the Author

Upmetrics Team

Upmetrics is the #1 business planning software that helps entrepreneurs and business owners create investment-ready business plans using AI. We regularly share business planning insights on our blog. Check out the Upmetrics blog for such interesting reads. Read more

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How to write a business plan for a pool and billiards hall?

Writing a business plan for a pool and billiards hall can be an intimidating task, especially for those just starting.

This in-depth guide is designed to help entrepreneurs like you understand how to create a comprehensive business plan so that you can approach the exercise with method and confidence.

We'll cover: why writing a pool and billiards hall business plan is so important - both when starting up, and when running and growing the business - what information you need to include in your plan, how it should be structured, and what tools you can use to get the job done efficiently.

Let's get started!

In this guide:

Why write a business plan for a pool and billiards hall?

What information is needed to create a business plan for a pool and billiards hall.

• What goes in the financial forecast for a pool and billiards hall?
• What goes in the written part of a pool and billiards hall business plan?
• What tool can I use to write my pool and billiards hall business plan?

Being clear on the scope and goals of the document will make it easier to understand its structure and content. So before diving into the actual content of the plan, let's have a quick look at the main reasons why you would want to write a pool and billiards hall business plan in the first place.

To have a clear roadmap to grow the business

Small businesses rarely experience a constant and predictable environment. Economic cycles go up and down, while the business landscape is mutating constantly with new regulations, technologies, competitors, and consumer behaviours emerging when we least expect it.

In this dynamic context, it's essential to have a clear roadmap for your pool and billiards hall. Otherwise, you are navigating in the dark which is dangerous given that - as a business owner - your capital is at risk.

That's why crafting a well-thought-out business plan is crucial to ensure the long-term success and sustainability of your venture.

To create an effective business plan, you'll need to take a step-by-step approach. First, you'll have to assess your current position (if you're already in business), and then identify where you'd like your pool and billiards hall to be in the next three to five years.

Once you have a clear destination for your pool and billiards hall, you'll focus on three key areas:

• Resources: you'll determine the human, equipment, and capital resources needed to reach your goals successfully.
• Speed: you'll establish the optimal pace at which your business needs to grow if it is to meet its objectives within the desired timeframe.
• Risks: you'll identify and address potential risks you might encounter along the way.

By going through this process regularly, you'll be able to make informed decisions about resource allocation, paving the way for the long-term success of your business.

To get visibility on future cash flows

If your small pool and billiards hall runs out of cash: it's game over. That's why we often say "cash is king", and it's crucial to have a clear view of your pool and billiards hall's future cash flows.

So, how can you achieve this? It's simple - you need to have an up-to-date financial forecast.

The good news is that your pool and billiards hall business plan already includes a financial forecast (which we'll discuss further in this guide). Your task is to ensure it stays current.

To accomplish this, it's essential to regularly compare your actual financial performance with what was planned in your financial forecast. Based on your business's current trajectory, you can make adjustments to the forecast.

By diligently monitoring your pool and billiards hall's financial health, you'll be able to spot potential financial issues, like unexpected cash shortfalls, early on and take corrective actions. Moreover, this practice will enable you to recognize and capitalize on growth opportunities, such as excess cash flow enabling you to expand to new locations.

To secure financing

A detailed business plan becomes a crucial tool when seeking financing from banks or investors for your pool and billiards hall.

Investing and lending to small businesses are very risky activities given how fragile they are. Therefore, financiers have to take extra precautions before putting their capital at risk.

At a minimum, financiers will want to ensure that you have a clear roadmap and a solid understanding of your future cash flows (like we just explained above). But they will also want to ensure that your business plan fits the risk/reward profile they seek.

This will off-course vary from bank to bank and investor to investor, but as a rule of thumb. Banks will want to see a conservative financial management style (low risk), and they will use the information in your business plan to assess your borrowing capacity — the level of debt they think your business can comfortably handle — and your ability to repay the loan. This evaluation will determine whether they'll provide credit to your pool and billiards hall and the terms of the agreement.

Whereas investors will carefully analyze your business plan to gauge the potential return on their investment. Their focus lies on evidence indicating your pool and billiards hall's potential for high growth, profitability, and consistent cash flow generation over time.

Now that you recognize the importance of creating a business plan for your pool and billiards hall, let's explore what information is required to create a compelling plan.

Writing a pool and billiards hall business plan requires research so that you can project sales, investments and cost accurately in your financial forecast.

In this section, we cover three key pieces of information you should gather before drafting your business plan!

Carrying out market research for a pool and billiards hall

Carrying out market research before writing a business plan for a pool and billiards hall is essential to ensure that the financial projections are accurate and realistic.

Market research helps you gain insight into your target customer base, competitors, pricing strategies and other key factors which can have an impact on the commercial success of your business.

In particular, it is useful in forecasting revenue as it provides valuable data regarding potential customers’ spending habits and preferences.

You might find that people are increasingly interested in playing pool for leisure and recreational purposes, rather than competitively. Additionally, your research could reveal that customers may be interested in having access to additional amenities, such as food and drinks, when they visit your pool and billiards hall.

This information can then be used to create more accurate financial projections which will help investors make informed decisions about investing in your pool and billiards hall.

Developing the sales and marketing plan for a pool and billiards hall

As you embark on creating your pool and billiards hall business plan, it is crucial to budget sales and marketing expenses beforehand.

A well-defined sales and marketing plan should include precise projections of the actions required to acquire and retain customers. It will also outline the necessary workforce to execute these initiatives and the budget required for promotions, advertising, and other marketing efforts.

This approach ensures that the appropriate amount of resources is allocated to these activities, aligning with the sales and growth objectives outlined in your business plan.

The staffing and equipment needs of a pool and billiards hall

As you embark on starting or expanding your pool and billiards hall, having a clear plan for recruitment and capital expenditures (investment in equipment and real estate) is essential for ensuring your business's success.

Both the recruitment and investment plans must align with the timing and level of growth projected in your forecast, and they require appropriate funding.

Staffing costs for a pool and billiards hall could include wages for cashiers, bartenders, waiters, and cleaning staff. Equipment costs could include tables, cues, balls, chalk, racks, and other supplies as well as furniture and decorations for the venue.

To create a realistic financial forecast, you also need to consider other operating expenses associated with the day-to-day running of your business, such as insurance and bookkeeping.

With all the necessary information at hand, you are ready to begin crafting your business plan and developing your financial forecast.

What goes into your pool and billiards hall's financial forecast?

The objective of the financial forecast of your pool and billiards hall's business plan is to show the growth, profitability, funding requirements, and cash generation potential of your business over the next 3 to 5 years.

The four key outputs of a financial forecast for a pool and billiards hall are:

• The profit and loss (P&L) statement ,
• The projected balance sheet ,
• The cash flow forecast ,
• And the sources and uses table .

Let's look at each of these in a bit more detail.

The projected P&L statement

Your pool and billiards hall forecasted P&L statement enables the reader of your business plan to get an idea of how much revenue and profits your business is expected to make in the near future.

Ideally, your reader will want to see:

• Growth above the inflation level
• Expanding profit margins
• Positive net profit throughout the plan

Expectations for an established pool and billiards hall will of course be different than for a startup. Existing businesses which have reached their cruising altitude might have slower growth and higher margins than ventures just being started.

The forecasted balance sheet of your pool and billiards hall

The projected balance sheet of your pool and billiards hall will enable the reader of your business plan to assess the overall financial health of your business.

It shows three elements: assets, liabilities and equity:

• Assets: are productive resources owned by the business, such as equipment, cash, and accounts receivable (money owed by clients).
• Liabilities: are debts owed to creditors, lenders, and other entities, such as accounts payable (money owed to suppliers).
• Equity: includes the sums invested by the shareholders or business owners and the profits and losses accumulated by the business to date (which are called retained earnings). It is a proxy for the value of the owner's stake in the business.

Analysing your pool and billiards hall projected balance sheet provides an understanding of your pool and billiards hall's working capital structure, investment and financing policies.

In particular, the readers of your plan can compare the level of financial debt on the balance sheet to the equity value to measure the level of financial risk (equity doesn't need to be reimbursed, while financial debt must be repaid, making it riskier).

They can also use your balance sheet to assess your pool and billiards hall's liquidity and solvency:

• A liquidity analysis: focuses on whether or not your business has sufficient cash and short-term assets to cover its liabilities due in the next 12 months.
• A solvency analysis: takes and longer view to assess whether or not your business has the capacity to repay its debts over the medium-term.

The cash flow forecast

As we've seen earlier in this guide, monitoring future cash flows is the key to success and the only way of ensuring that your pool and billiards hall has enough cash to operate.

As you can expect showing future cash flows is the main role of the cash flow forecast in your pool and billiards hall business plan.

It is best practice to organise the cash flow statement by nature in order to show the cash impact of the following areas:

• Cash flow generated from operations: the operating cash flow shows how much cash is generated or consumed by the business's commercial activities
• Cash flow from investing activities: the investing cash flow shows how much cash is being invested in capital expenditure (equipment, real estate, etc.) either to maintain the business's equipment or to expand its capabilities
• Cash flow from financing activities: the financing cash flow shows how much cash is raised or distributed to financiers

Looking at the cash flow forecast helps you to make sure that your business has enough cash to keep running, and can help you anticipate potential cash shortfalls.

Your pool and billiards hall business plan will normally include both yearly and monthly cash flow forecasts so that the readers can view the impact of seasonality on your business cash position and generation.

The initial financing plan

The initial financing plan - also called a sources and uses table - is an important tool when starting a pool and billiards hall.

It shows where the money needed to set up the business will come from (sources) and how it will be allocated (uses).

Having this table helps understand what costs are involved in setting up the pool and billiards hall, how the risks are distributed between the shareholders and the lenders, and what will be the starting cash position (which needs to be sufficient to sustain operations until the business breaks even).

Now that the financial forecast of a pool and billiards hall business plan is understood, let's focus on what goes into the written part of the plan.

The written part of a pool and billiards hall business plan

The written part of a pool and billiards hall business plan is composed of 7 main sections:

• The executive summary
• The presentation of the company
• The products and services
• The market analysis
• The strategy
• The operations
• The financial plan

Throughout these sections, you will seek to provide the reader with the details and context needed for them to form a view on whether or not your business plan is achievable and your forecast a realistic possibility.

Let's go through the content of each section in more detail!

1. The executive summary

The first section of your pool and billiards hall's business plan is the executive summary which provides, as its name suggests, an enticing summary of your plan which should hook the reader and make them want to know more about your business.

When writing the executive summary, it is important to provide an overview of the business, the market, the key financials, and what you are asking from the reader.

Start with a brief introduction of the business, its name, concept, location, how long it has been in operation, and what makes it unique. Mention any services or products you plan to offer and who you sell to.

Then you should follow with an overview of the addressable market for your pool and billiards hall, current trends, and potential growth opportunities.

You should then include a summary of your key financial figures such as projected revenues, profits, and cash flows.

Finally, you should detail any funding requirements in the ask section.

2. The presentation of the company

The second section in your pool and billiards hall's business plan should focus on the structure and ownership, location, and management team of the company.

The structure and ownership part provides an overview of the legal structure of the business, who the owners are and how much each has invested and owns. If you are seeking financing it is important that the reader gets a clear picture of which legal entity is receiving the funds, and who controls the business.

The location part should give an overview of the premises from which the company is operating, and why that location is of particular interest (catchment area, accessibility, amenities nearby, etc.).

When describing the location of your pool and billiards hall, you could emphasize the potential for a large customer base. The area could be home to a diverse population with plenty of potential customers, and the community could have a vibrant nightlife and entertainment scene. Additionally, the area could have other businesses and amenities nearby that could draw customers to your venue. You could also point to the potential for growth in the market, as more people may be attracted to an entertaining activity like pool and billiards.

Finally, you should introduce the management team. Explain each member's role, background, and experience.

It is also important to emphasize any past successes that the members of the management team have achieved, and how long they've been working together, as this will help potential lenders or investors understand why they should trust in their leadership.

3. The products and services section

The products and services section of your business plan should include a detailed description of the offerings that your company provides to its customers. 

For example, your pool and billiards hall might offer tournaments and leagues for players to compete against each other, as well as lessons with experienced instructors to teach newcomers the basics of the game. Additionally, you could hold special events such as birthday parties or corporate team building nights, giving patrons a chance to enjoy themselves in a fun and social environment. Finally, you could provide a full bar and food service so guests can relax and enjoy each other's company. These offerings would give customers of all levels the chance to participate in the game and have an enjoyable experience.

When drafting this section, you should be precise about the categories of products or services you sell, the types of customers you are targeting and how customers can buy them.

4. The market analysis

When presenting your market analysis in your pool and billiards hall business plan, you should detail the customers' demographics and segmentation, target market, competition, barriers to entry, and any regulations that may apply.

The goal of this section is to help the reader understand how big and attractive your market is, and demonstrate that you have a solid understanding of the industry.

You should start with the demographics and segmentation subsection, which gives an overview of the addressable market for your pool and billiards hall, the main trends in the marketplace, and introduces the different customer segments and their preferences in terms of purchasing habits and budgets.

The target market section should follow and zoom on the customer segments your pool and billiards hall is targeting, and explain how your products and services meet the specific needs of these customers.

For example, your target market might include people between the ages of 18 and 25 who are interested in playing pool and billiards. These people may be looking for a place to socialize with friends, or they may be interested in playing competitively. Your target market may also include older adults who are experienced in the game and looking for a place to practice and engage in friendly competition.

Then comes the competition subsection, where you should introduce your main competitors and explain what differentiates you from them.

Finally, you should finish your market analysis by giving an overview of the main regulations applicable to your pool and billiards hall.

5. The strategy section

When writing the strategy section of a business plan for your pool and billiards hall, it is essential to include information about your competitive edge, pricing strategy, sales & marketing plan, milestones, and risks and mitigants.

The competitive edge subsection should explain what sets your company apart from its competitors. This part is especially key if you are writing the business plan of a startup, as you have to make a name for yourself in the marketplace against established players.

The pricing strategy subsection should demonstrate how you intend to remain profitable while still offering competitive prices to your customers.

The sales & marketing plan should outline how you intend to reach out and acquire new customers, as well as retain existing ones with loyalty programs or special offers. 

The milestones subsection should outline what your company has achieved to date, and its main objectives for the years to come - along with dates so that everyone involved has clear expectations of when progress can be expected.

The risks and mitigants subsection should list the main risks that jeopardize the execution of your plan and explain what measures you have taken to minimize these. This is essential in order for investors or lenders to feel secure in investing in your venture.

Your pool and billiards hall faces several risks that could potentially have a negative impact on business. For example, there may be a risk that your employees or customers could become ill due to poor hygiene or air quality. Additionally, there may be a risk of damage or theft of your equipment, including pool tables, sticks, and balls. It is important to be aware of these potential risks and take steps to mitigate them.

6. The operations section

The operations of your pool and billiards hall must be presented in detail in your business plan.

Begin by addressing your staff, specifying the main roles and your recruitment plan to support the anticipated growth. Outline the qualifications and experience needed for each role and discuss your recruitment strategies, which may involve using job boards, referrals, or headhunters.

Next, clearly state your pool and billiards hall's operating hours, allowing the reader to gauge the adequacy of your staffing levels. Additionally, mention any considerations for varying opening times during peak seasons and your approach to handling customer queries outside regular operating hours.

The key assets and intellectual property (IP) required to run your business should also be highlighted. If you rely on licenses, trademarks, physical structures like equipment or property, or lease agreements, ensure they are well-documented in this section.

You may have key assets such as a pool table and a bar that could serve food and drinks. Additionally, you may have intellectual property such as a logo or a slogan that could be used to promote your business. You might also have customer data such as contact information and payment history that could be used for marketing and feedback purposes.

Finally, provide a comprehensive list of suppliers you intend to collaborate with, along with a breakdown of their services and main commercial terms, such as price, payment terms, break clauses and contract duration. Investors often seek insight into the reasons behind your supplier choices, which may include a preference for higher-quality products or established relationships from past ventures.

7. The presentation of the financial plan

The financial plan section is where we will include the financial forecast we talked about earlier in this guide.

Now that you have a clear idea of the content of a pool and billiards hall business plan, let's look at some of the tools you can use to create yours.

What tool should I use to write my pool and billiards hall's business plan?

In this section, we will be reviewing the two main options for writing a pool and billiards hall business plan efficiently:

• Using specialized software,
• Outsourcing the drafting to the business plan writer.

Using an online business plan software for your pool and billiards hall's business plan

Using online business planning software is the most efficient and modern way to create a pool and billiards hall business plan.

There are several advantages to using specialized software:

• You can easily create your financial forecast by letting the software take care of the financial calculations for you without errors
• You are guided through the writing process by detailed instructions and examples for each part of the plan
• You can access a library of dozens of complete business plan samples and templates for inspiration
• You get a professional business plan, formatted and ready to be sent to your bank or investors
• You can easily track your actual financial performance against your financial forecast
• You can create scenarios to stress test your forecast's main assumptions
• You can easily update your forecast as time goes by to maintain visibility on future cash flows
• You have a friendly support team on standby to assist you when you are stuck

If you're interested in using this type of solution, you can try The Business Plan Shop for free by signing up here .

Hiring a business plan writer to write your pool and billiards hall's business plan

Outsourcing your pool and billiards hall business plan to a business plan writer can also be a viable option.

Business plan writers are experienced in writing business plans and adept at creating financial forecasts without errors. Furthermore, hiring a consultant can save you time and allow you to focus on the day-to-day operations of your business.

However, hiring business plan writers is expensive as you are paying for the software used by the consultant, plus their time, and their profit margin of course.

From experience, you need to budget at least £1.5k ($2.0k) excluding tax for a complete business plan, more if you need to make changes after the initial version (which happens frequently after the initial meetings with lenders or investors).

You also need to be careful when seeking investment. Investors want their money to be used to grow the business, not spent on consulting fees. Therefore, the amount you spend on business plan writing services (and other consulting services such as legal services) needs to be negligible relative to the amount raised.

The other drawback is that you usually don't own the business plan itself: you just get the output, while the actual document is saved in the consultant's business plan software - which makes it difficult to maintain the document up to date without hiring the consultant on a retainer.

For these reasons, outsourcing the pool and billiards hall business plan to a business plan writer should be considered carefully, weighing both the advantages and disadvantages of hiring outside help.

Ultimately, it may be the right decision for some businesses, while others may find it beneficial to write their business plan using online software.

Why not create your pool and billiards hall's business plan using Word or Excel?

Using Microsoft Excel and Word (or their Google, Apple, or open-source equivalents) to write a pool and billiards hall business plan is not advisable. Allow me to explain the reasons.

Firstly, creating an accurate and error-free financial forecast on Excel or any spreadsheet demands technical expertise in accounting principles and financial modelling. Without a degree in finance and accounting and significant financial modelling experience, it's unlikely that the reader will fully trust your numbers.

Secondly, relying on spreadsheets is inefficient. While it may have been the go-to option in the past, technology has evolved, and software now performs such tasks much faster and more accurately.

The second reason is that it is inefficient. Building forecasts on spreadsheets was the only option in the early 2000s, nowadays technology has advanced and software can do it much faster and much more accurately.

And with the rise of AI, software is also becoming smarter at helping us detect mistakes in our forecasts and helping us analyse the numbers to make better decisions.

Moreover, software offers ease in comparing actuals versus forecasts and maintaining up-to-date forecasts for clear visibility on future cash flows, as we discussed earlier in this guide. Such tasks are cumbersome when using spreadsheets.

Now, let's address the written part of your pool and billiards hall business plan. While it may be less prone to errors, using software can significantly boost productivity. Word processors lack instructions and examples for each section of your business plan. They also won't automatically update your numbers when changes occur in your forecast, and they lack automated formatting capabilities.

In summary, while some entrepreneurs may consider Word or Excel for their business plan, it's far from the best or most efficient solution when compared to specialized software.

• A business plan has 2 complementary parts: a financial forecast showcasing the expected growth, profits and cash flows of the business; and a written part which provides the context needed to judge if the forecast is realistic and relevant.
• Having an up-to-date business plan is the only way to keep visibility on your pool and billiards hall's future cash flows.
• Using business plan software is the modern way of writing and maintaining business plans.

We hope that this practical guide gave you insights on how to write the business plan for your pool and billiards hall. Do not hesitate to get in touch with our team if you still have questions.

Also on The Business Plan Shop

• In-depth business plan structure
• Key steps to write a business plan?
• Free business plan template

Know someone who owns or wants to start a pool and billiards hall? Share this article with them!

Founder & CEO at The Business Plan Shop Ltd

Guillaume Le Brouster is a seasoned entrepreneur and financier.

Guillaume has been an entrepreneur for more than a decade and has first-hand experience of starting, running, and growing a successful business.

Prior to being a business owner, Guillaume worked in investment banking and private equity, where he spent most of his time creating complex financial forecasts, writing business plans, and analysing financial statements to make financing and investment decisions.

Guillaume holds a Master's Degree in Finance from ESCP Business School and a Bachelor of Science in Business & Management from Paris Dauphine University.

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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 Make a Business Plan for a Pool Hall

by Jordan Meyers

Published on 1 Jan 2021

A pool hall in a good location, such as an industrial area or business district, can earn in the hundreds of thousands of dollars each year, according to Entrepreneur.com. Offering billiard lessons and pool hall memberships might increase your business income. However, you'll need a solid business plan to help you get started on the road to success.

Explain Your Purpose

Explain the purpose of your business plan, such as to raise money to start or expand your pool hall. Describe the pool hall you wish to open and explain what makes it unique, why you want to open or expand it, and why you think now is a good time to do so. Share why you think your pool hall will succeed in the current market. Prepare a compelling mission statement as well.

Provide Product and Service Details

Explain what your pool hall will offer, including the number of pool tables you will have. List other entertainment options you will offer, such as large-screen televisions or music. If you will serve food and drinks, describe these options as well. Detail how you will arrange the pool tables, food tables and any other seating options you will provide. Describe the lighting and decor. Add any licenses you will need, such as those that allow you to serve food and alcohol. In addition, include any lessons, membership packages or special events you will use to generate revenue.

Share Your Market Analysis

Research the market for a pool hall in your area. For example, if your area doesn't have many pool halls, you might market to adults. If you feel that the area has enough adult-oriented pool halls, analyze the market for one targeted towards teens. Research competitors, including game rooms, nightclubs, bars and taverns, to see which entertainment needs are unmet. Use your research to describe how your establishment will differ and stand out in the market you choose. For instance, you might cater to those who aren't yet of drinking age and want to learn how to play, people who enjoy a certain type of music, or experienced players who have a commitment to and love of the game.

Discuss Your Management Team

Discuss who will manage your pool hall. A successful pool hall requires a manager knows the game and the challenges specific to game rooms, as well as liquor and food services, and customer service. Detail any applicable experience or education your management team has, even if it's in retail, bar establishments or food service rather than specifically in running game rooms. If you will manage the pool hall yourself, include details about your education and experience.

Describe Your Marketing Approach

Include marketing plan details. Large, eye-catching signs draw in visitors, but advertisements in local newspapers and entertainment guides can help as well. Your business might also benefit from a website and social media accounts that share photos of your establishment and provide coupons for pool table usage or food and beverages. You might also send direct-mail advertisements to local residents and use radio and billboard ads to attract customers.

Add Financial Information

Include a range of financial details in your pool hall business plan. List the prices you will charge for pool table usage -- usually pool halls charge by the hour -- and a condensed list of food and beverage prices. If you plan to start a new pool hall, include your start-up costs and projections for income and expenses. If you plan to expand an established business, include profit and loss statements from the last few years. Start-up pool halls should provide projected profit and loss numbers. If you will use your business plan to seek financing, include the amount of money you need for your start-up or expansion project.

StartingABiz.com

Insider Secrets for Starting a Successful Business

Starting a Pool Hall Business

⭐ To learn more about Pool Hall Business Plan , click here . ⭐

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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How to Start My Own Pool Hall or Billiards Business

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Starting a Bowling Alley Business

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The pool hall and billiards business is a niche model that has potential with the right approach to marketing. Billiards halls were once popular, and they could catch fire again with strategic branding. New niche business models — such as arcade bars with breweries — are gaining momentum, and the billiards business can also be successful.

Starting a pool hall or billiards business requires startup capital and a physical location, like any brick-and-mortar business. Most importantly, you need a strategic business plan to market and attract customers.

Conduct Market Research

The first step is determining the potential in your market. A pool hall is a physical business. Drawing foot traffic to your location is essential.

Assess the local market and look for a robust middle class with expendable income. You want traffic that is willing to spend money on the pool tables and retail goods. Areas that have other successful retail spaces, restaurants, bars and overall growth are ideal.

A pool hall draws a diverse age range, but young adults are the prime market. In a city with a declining or aging population, opening a pool hall is far more difficult. Use local business resources in your city and state to locate job growth statistics and pay close attention to the housing market. Securing a location in a market with rising values and new construction delivers a customer base that is fresh and growing.

The Pool Hall and Billiards Business Model

The conventional picture of a pool hall and billiards business is a dark space with a bar and rows of tables under lights. Pool halls were favorite hangouts at one time, but the concept could use some updating. Modernize by adding natural light, attaching to a brewery, offering a menu of appetizers or even maintaining a full-meal menu.

Spend some serious time working through the layout to offer more than just pool tables. You want to attract a diverse audience and make the space inviting for groups with members who do not want to play pool.

The arcade business with a bar and appetizer menu works well because it offers a mix of activities, food and drinks. It is a young, lively environment that is gaining popularity. Modeling your business after this concept can attract millennials alongside an older audience.

In addition to the pool tables, look for other opportunities to earn income. Retail sales is one avenue that is a natural fit. Consider obtaining dealer status to sell pool tables and accessories. You can even take the business online with an e-commerce shop, selling to the entire country.

Attract Loyal Customers

You absolutely must get people in the door, and this is not easy for any new business. Outside of the grand opening, hold events such as tournaments, offer drink specials and schedule free pool nights. You may lose some income initially, but you will gain ground through food, beverage, retail sales and return customers.

Signage, local print, radio and television advertising are important, but so is setting up a website. Also, set up a Google local business listing with your address, telephone and operating hours. This alone will draw some business to the location.

Social media is also an excellent means of advertising. Invite friends and family to like your pages and run small advertising campaigns on Facebook and Instagram with a focus on your ZIP code to promote specials and events.

The pool hall and billiards business has a built-in niche of clientele who already enjoy the activity, but attracting new players is essential. Lessons, seminars, club memberships and league events build loyal, repeat business.

• Entrepreneur: Billiards Hall
• Delta-13: Pros and Cons of Pool Hall Ownership
• Triangle Billiards: 5 Costly Mistakes That Kill Most Billiard and Pool Hall Businesses
• Poolmag.com
• Provide pool or billiards lessons to increase customer awareness and profits.
• Avoid opening a pool hall or billiards business in areas with one or more halls already in operation as you may not earn the income needed to sustain a profitable business.

Zach Lazzari is a freelance writer with extensive experience in startups and digital advertising. He has a diverse background with a strong presence in the digital marketing world. Zach has developed and sold multiple successful web properties and manages marketing for multiple clients in the outdoor industry. He has published business content in Angling Trade Magazine and writes white papers and case studies for multiple corporate partners.

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Start a Pool Hall Business

Cueing Up Success: Launch Your Own Social Hotspot

POOL HALL BUSINESS

Related business ideas, discover your perfect domain, pool hall mini business plan, expected percent margin:, earnings expectations:, actions to hit those numbers:, product/service offering:, marketing and customer acquisition:, sales and customer experience:, cost control:, business operations:, not what you had in mind here are more ideas, grab your business website name, step 1: determine if a pool hall business is right for you, breakdown of startup expenses, breakdown of ongoing expenses, examples of ways to make money, step 2: name the business, step 3: create a business plan, step 4: obtain licenses and permits, applying for licenses and permits, step 5: find a suitable location, securing the location, financing the location, step 6: hire employees, step 7: purchase equipment, cost of equipment, where to purchase equipment, financing options, step 8: market the business, tips for effective marketing, step 9: monitor the business, explore more categories, take the next steps.

How to Start a Pool Hall Business

A pool hall offers a convenient place for people to socialize, relax, and have fun. Most establishments also serve as bars or restaurants. They frequently provide several entertainment options. The wide range of activities in a pool hall helps to make this an interesting opportunity that involves diverse tasks and experiences.

Learn how to start your own Pool Hall Business and whether it is the right fit for you.

Ready to form your LLC? Check out the Top LLC Formation Services .

Start a Pool Hall Business by following these 10 steps:

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

We have put together this simple guide to starting your Pool 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.

Want some help naming your Pool Hall Business?

Business name generator, what are the costs involved in opening a pool hall business.

You'll need cues, tables, a cash register, and chairs at a minimum. Coin-operated tables frequently sell at prices exceeding $3,000. You can cut costs by purchasing a used unit for $1,200 to $2,800, but remember to test all units thoroughly before buying. Most cues sell for $12 to $45. You'll pay less if you buy them in sets. Cue racks fetch $20 to $130 each.

You could easily spend thousands of dollars on kitchen equipment. If you can't afford expensive commercial appliances or don't have enough space, think about partnering with an adjacent restaurant. You would take orders and accept payments while the restaurant staff prepares food and delivers it at a discounted cost.

What are the ongoing expenses for a Pool Hall Business?

These businesses need a lot of space, so commercial rent will probably cost more than anything else. Numerous lights and machines contribute to substantial electric bills. You'll also need to order bottled beverages, food ingredients, and paper products. 

Other costs include equipment upkeep, marketing, taxes, and staff wages. If you have employees and serve alcohol, plan on spending at least $275 per month on insurance. Owners in some regions must pay nominal table-licensing fees each year. For instance, a hall with 10 tables will spend about $63 on average for table-licensing fees.

Who is the target market?

Pool remains most popular among young men. Many halls enforce minimum ages of 18 or 21. Skilled players are valuable repeat customers, but they mostly just spend money on tables. They may take the game too seriously to eat and drink a lot. Families tend to visit on weekends and buy plenty of food. Some of the most desirable customers are people who celebrate special occasions like birthdays. Couples also eat and drink more than the average patron.

How does a Pool Hall Business make money?

Halls let players rent tables on a per-hour or per-game basis. Some offer passes that provide unlimited access for a month. They often sell, repair, and rent out cues. These establishments also produce revenue with coin-operated equipment like pinball machines and jukeboxes. The majority of the income normally comes from beverage sales.

Rates usually differ depending on the time of day and number of people in a group. An individual might pay $5 to $14 per hour to play pool. One game may cost $0.50, $0.75, or $1. Members typically spend at least $50 per month for unlimited access. While more expensive options exist, most beverages fetch $2 to $8. Meals normally cost under $15. Snack and dessert pricing ranges from $3 to $8.

How much profit can a Pool Hall Business make?

Earnings vary considerably depending on what products and services you offer. Halls attain margins of around 12% when they're well managed.

How can you make your business more profitable?

Consider installing an  ATM so that you'll earn a commission every time someone withdraws cash. This machine also gives players easy access to money, encouraging them to spend more. You could boost revenue by offering pool lessons as well. If you don't have enough time, sell instructional videos, CDs, and books instead. Try to attract both male and female customers. People might buy more drinks and visit your business regularly if they see it as a desirable place to meet dating partners. Additional ideas include:

• Expand your customer base by setting up a pro shop with cues, balls, and accessories.
• Use your website to sell a monthly membership with recurring credit card payments.

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

The most common business structure types are the sole proprietorship , partnership , limited liability company (LLC) , and corporation .

Establishing a legal business entity such as an LLC or corporation protects you from being held personally liable if your Pool Hall Business is sued.

Form Your LLC

Read our Guide to Form Your Own LLC

Have a Professional Service Form your LLC for You

Two such reliable services:

You can form an LLC yourself and pay only the minimal state LLC costs or hire one of the Best LLC Services for a small, additional fee.

Recommended: You will need to elect a registered agent for your LLC. LLC formation packages usually include a free year of registered agent services . You can choose to hire a registered agent or act as your own.

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 Pool Hall Business

Special events provide an effective way to attract attention on social networks and local media. Think about scheduling trivia games, movies, tournaments, Halloween parties, or live music performances.

You can use an ID scanner to collect mailing addresses from customers' state identification cards. This gives you an opportunity to send personalized mailings with coupons and news about the latest improvements or events.

If you buy online ads, bid on search terms cautiously. Someone who searches for "Philadelphia pool club" might want to play pool or go swimming — it isn't really clear. Likewise, outdoor signs should use pictures or words that clarify what type of "pool" you offer.

Many halls have "happy hour" to draw in players during the slowest hours. They charge less for drinks as well as tables. You can configure some coin-operated tables to reduce prices at certain times of day.

How to keep customers coming back

A broad variety of menu items and activities will keep players coming back for more. Try to introduce something new from time to time. Ask customers if they'd like to play foosball, air hockey, or arcade games. A simple menu addition can sometimes boost sales. For instance, you could offer french fries with gravy as an alternative to ketchup.

Try to space tables far apart to minimize crowding. Provide seating for people who just want to watch others play pool. If you have coin-operated equipment that doesn't accept bills, make it easy for customers to get change. Most change machines cost over $900, so you might want to handle this task manually at first.

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?

You might consider running a pool hall if you are a talented player, know the jargon, and understand how the equipment works. Successful businesses usually provide much more than pool tables; this occupation is best for a "jack of all trades" who quickly learns new skills.

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 Pool Hall Business?

You can plan on talking to customers, collecting payments, maintaining equipment, and promoting your business. Most halls serve food and drinks as well.

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

It helps if you know how to fix equipment, serve drinks, and cook basic lunch foods. You could also benefit from any experience with event management. To make sure you'd want to run this type of business, try working as an employee in a pool hall or tavern.

What is the growth potential for a Pool Hall Business?

This business has experienced many ups and downs over the years. More upscale halls have appeared in recent decades, but these businesses are often hit hard during economic recessions. The sector has declined in the last five years, according to IBISWorld. Nonetheless, experts believe that it will continue to innovate and grow in the future.

Although many owners focus on one location, it's possible to expand. The Canadian chain known as Dooly's provides a promising example. It began serving customers in New Brunswick over 25 years ago. The business became so popular that it opened 21 additional halls and developed a franchising program within four years.

TRUiC's YouTube Channel

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 Pool Hall Business?

Coin-operated tables have several pros and cons. They tend to cost more and need extra maintenance. The mechanism could fail, putting a table out of service until someone fixes it. Highly sophisticated models must draw electrical power from an outlet or battery. On the other hand, they significantly reduce the need for customer service. You can focus on selling lucrative drinks and merchandise. Patrons also appreciate the flexibility because they don't have to pay for an entire hour when they only want to play one or two games.

Pool halls still have a negative image as dark, dingy places known for drinking, smoking, gambling, and crime. To dispel this notion, always perform thorough cleaning and maintenance. Post appealing photos of the interior on social media and your website. Ask people to leave if they insist on swearing or smoking indoors. It's worth losing a few customers to improve the atmosphere and create an environment where women and casual players feel comfortable.

How and when to build a team

It takes a wide range of skills to provide all of the services that customers desire. You may benefit from hiring an employee as soon as your business opens, especially if you don't have coin-operated tables. PayScale.com reports that  bartenders and snack bar attendants both earn about $8 to $9 per hour on average. Hire people who have positive attitudes, don't get offended too easily, and show genuine interest in the job.

Have a Question? Leave a Comment!

BizFundingResource.com

Pool Hall Business Plan and SWOT Analysis

Pool Hall Business Plan, Marketing Plan, How To Guide, and Funding Directory

The Pool Hall Business Plan and Business Development toolkit features 18 different documents that you can use for capital raising or general business planning purposes. Our product line also features comprehensive information regarding to how to start a Pool Hall business. All business planning packages come with easy-to-use instructions so that you can reduce the time needed to create a professional business plan and presentation.

Your Business Planning Package will be immediately emailed to you after you make your purchase.

Product Specifications (please see images below):

Pool halls are a very popular form of entertainment especially in suburban and rural markets. These businesses are able to generate a number of revenue streams not only from the usage of the pool facility but also from the ongoing sale of alcoholic beverages and food to the general public. While the barriers to entry for these businesses is considered to be moderately low, the startup costs are also considered to be low as well. As such, these are low to moderate risk small businesses to start in any given market. Most importantly, the startup costs associated with developing a new pool hall typically runs anywhere from $50,000 all the way to about $200,000 depending on the city and state in which the business is located. The biggest expense for the development of the seven business is usually the acquisition of pool tables, large-screen TVs, and the acquisition of a liquor license. The liquor license expense is typically the biggest variable as it relates to the development of a pool hall business. The gross margins generated from the sale of alcoholic beverages as well as the usage of the pool facility are extremely high, and these revenues allow these businesses to typically remain profitable and cash flow positive in any economic climate.

Given the high gross margins generated, most financial institutions are willing to provide a startup loan in order to launch this type of business. Of course, a pool business plan is going to be required and like any business planning document that should have a three-year profit and loss statement, cash flow analysis, balance sheet, breakeven analysis, and business ratios page. As it relates to industry research, there are approximately 20,000 pool hall business is in operation in any given time. The industry generates about $1 billion a year and provides jobs to about 125,000 people. The business plan should also include an analysis of the competition within the market especially as it relates to bar restaurants and other similar facilities given that people have the option to Google pool or a related business. A full demographic analysis should also be included as it relates to how you will market to the target market. This includes examining annual household income, annual median family income, hydration size, population density, and the typical person that will come to the pool hall on an ongoing basis. Generally, these businesses are very popular among people between the ages of 21 to 50. In some cases, some pools will allow individuals were 18 years to 21 years into the facility they will not be allowed to consume alcoholic beverages.

A pool hall SWOT analysis should be produced as well in conjunction with a business plan as well as the marketing plan. As it relates to strengths, pool halls generate very high gross margins, typically in excess of 85%, on all revenues generated throughout the facilities. These businesses typically have moderately low operating expenses.

For weaknesses, the biggest weakness faced by these businesses is the fact they face ongoing competition from sports bars as well as other facilities that typically provide pool tables as part of their overall entertainment offering. However, by maintaining the facility is exclusively as a pool hall business this can create a differentiating factor for the company.

For opportunities, specials and discounts can be freely offered within the target market in order to drive traffic to the facility on an ongoing basis. In some cases, pool hall facilities will often host tournaments in order to have a number of people come to the facilities during Friday and Saturday evenings. Weekday specials are also developed in order to drive people during slower nights. Additionally, one of the other ways of the pool hall facility can expand their operations simply by establishing additional locations from which to conduct operations.

There are really no threats beyond competition and a substantial downturn in the economy. Even during times of economic recession, most pool halls are able to remain profitable given that is considered to be a low-cost form of entertainment.

A pool hall marketing plan should be developed and this is going to be one of most important aspects of the overall business development. Given the substantial amount of competition that is normally associated with these types of businesses, pool hall owners must find ways to differentiate your business from other companies within the market. As such, many discounts and related promotions should be included within the grand opening. This also includes discounts on drinks as well as usage of the facilities that people become familiar with it. A presence on the Internet is nearly mandatory for pool business given that people are going to find this company online.

The website should clearly state the hours of operation, manual food, drink list, fees, and any other related information as it pertains to a pool hall business. This would say she was among all major search engines such as Google, Bing, Yahoo. A presence on social media is also extremely important for a pool hall business given that many people now communicate through social media would making evening plans.

By maintaining a platform on pages such as FaceBook, Twitter, snapshot, and Instagram – the pool hall can rapidly increase its visibility. Additionally, these pages now allow for customers to relieve reviews on these respective websites. Over time, this can be a great boon to the business given that once a number of positive recommendations are made – people come to the pool hall facility on an ongoing basis.

Pool hall businesses are always going to remain popular in any economic climate and in any market. Pool is a very popular nighttime entertainment sport among people that enjoy sports for apartheid venues. As such, these businesses are not subject to risks pertaining to automation and they will be able to remain profitable at any given time. These can be highly lucrative small businesses for owner operators that know how to properly market them to the general public.

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Swimming Pool Designers & Installers in Elektrostal'

Location (1).

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• Elektrostal', Moscow Oblast, Russia

Featured Reviews for Swimming Pool Designers & Installers in Elektrostal'

• Reach out to the pro(s) you want, then share your vision to get the ball rolling.
• Request and compare quotes, then hire the Swimming Pool Builder that perfectly fits your project and budget limits.
• Swimming Pool Design
• Swimming Pool Construction
• Aboveground Pools
• Pool Remodeling
• Natural Swimming Pools
• Pool Plastering
• Pool Tiling

The most cost-effective pool options to consider are vinyl liner pools and fiberglass pools. When you need customization, you can also consider a concrete pool.

• Vinyl liner pools are more affordable than concrete or fiberglass pools, providing a budget-friendly choice for inground pools.
• Fiberglass pools are also considered affordable compared to other types, with a starting cost of around $46,000.
• Concrete pools offer greater design flexibility and can be customized to fit various shapes and sizes, although usually more expensive than fiberglass or vinyl pools.

When deciding which pool is best for your needs and budget, it’s essential to hire a professional pool builder in Elektrostal'.

They can help you assess your requirements, consider various factors like pool size, shape, material, and location, and provide expert guidance to make an informed decision.

The time it takes to build a pool depends on the type of pool you choose.

• Vinyl Liner Pool: It typically takes about 5 to 7 weeks to build this type of pool.
• Fiberglass Pool: Building a fiberglass pool usually takes around 6 to 8 weeks.
• Concrete (Gunite) Pool: Constructing a concrete pool takes about 6 to 10 weeks.

Remember that these timeframes are approximate and may vary based on factors like permits, weather, and other considerations. It’s best to discuss the specific timeline with your pool contractor to get a more accurate estimate. Be patient and work closely with a reputable pool builder in Elektrostal' to ensure a smooth and timely construction process. They can guide you through the steps and address any questions you may have along the way.

What exactly do custom pool builders do?

Questions to ask prospective elektrostal' pool installation companies:.

If you search for Swimming Pool Builder near me you'll be sure to find a business that knows all about the current trends and styles for swimming pool design and construction, ensuring that your pool meets the latest standards and reflects the most innovative features.

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Elektrostal

Elektrostal Localisation : Country Russia , Oblast Moscow Oblast . Available Information : Geographical coordinates , Population, Area, Altitude, Weather and Hotel . Nearby cities and villages : Noginsk , Pavlovsky Posad and Staraya Kupavna .

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