Coin-op pool tables can be a profitable venture for business owners who understand how to operate and maintain them. However, there are some things you should know before you decide to invest in this type of pool table. Let’s take a look at the pros and cons of owning a coin-op pool table to help you determine whether or not it is the right investment for your business.
What Are Coin-Op Pool Tables And How Do They Work?
Coin-op pool tables are commercial-grade pool tables usually found in bars, pubs, and other businesses that cater to adult customers. They obviously have coin slots that customers would feed to release the balls needed for the game.
After every game, you need to insert more coins to continue playing.
The Benefits Of Owning A Coin-Op Pool Table
- It generates additional income for your existing business
- Staff will tend to your bar customers, not the table
- Built to withstand heavy use
- Can help you attract new customers
- Offer customers a reason to visit your business
How To Make Money From Your Coin-Op Pool Table
In order to make money from your coin-op pool table, you’ll be charging customers for each game they play. You can also offer discounts or promotions to encourage customers to play more games. For example, you could give free coins for every ten games played. It’s ideal to place it in high foot traffic establishments such as bars and pubs for more potential customers.
To ensure that players have a positive experience and are more likely to return in the future, you need to regularly maintain your pool table and keep it in good working condition.
Things To Consider Before Investing In Coin-Op Pool Tables
Coin-op pool tables can be a profitable venture for business owners who understand how to operate and maintain them. However, there are some things you should know before you jump into this type of investment.
- The initial cost of the pool table
- The cost of coins or tokens
- The cost of maintenance and repairs
- The amount of space required for the pool table
- The type of customers
The Risks Associated With Owning Coin-Op Pool Tables
- They require regular maintenance
- They can be expensive to repair
- They may not generate enough income to cover the costs of ownership
- They may not be profitable if not managed correctly
Coin-op pool tables can be a profitable venture for business owners who understand how to operate and maintain them. Be sure to consider the initial cost, the location, the cost of maintenance and repairs, the amount of space required, the type of customers you are catering to, and the promotions to keep them coming back.
Tamila McDonald has worked as a Financial Advisor for the military for past 13 years. She has taught Personal Financial classes on every subject from credit, to life insurance, as well as all other aspects of financial management. Mrs. McDonald is an AFCPE Accredited Financial Counselor and has helped her clients to meet their short-term and long-term financial goals.