Why Did Pool Halls Fail?
- Unsustainable business model
- Competition with other businesses
APA League Operators Income
- Estimated to be above $100,000 a year
Impact of COVID-19 on Pool Halls
- New York pool halls sued the state
- State filed for an appeal
Billiards Popularity Decline
- Decrease in popularity due to other sports
- Decline in number of professional players
- Equipment becoming more expensive
- Not widely televised as before
Pool Industry in the UK and USA
- More common to play snooker in the UK
- Pool and billiard hall sector worth approximately 861.8 million USD in 2019
Benefits of Playing Pool
- Helps build skills and critical thinking
History and Popularity of Billiards
- Popular in the UK and Commonwealth countries
- Started in France in the 15th century
Profitability of Pool Halls
- Potential profits from table rentals, memberships, leagues, food, and drink
- Startup cost estimated at $35,000
Pool Hall Management and Strategy
- Target customer: People under 35, often men
- Boost profits through multiple revenue streams and efficiency
Opening a Pool Hall
- Research industry trends, target market, competition, costs, and financing
- Metrics to monitor: ROI, net cash flow, profit margins, customer satisfaction
Pool Table Placement
- 88 inches lengthwise, 44 inches widthwise from walls
Pool Maintenance
- Chlorine ratio for a 5,000-gallon pool: 0.65 ounces
Revenue Generation for Pool Halls
- Through table rental fees, food/drinks, leagues, memberships, and lessons