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Hypothetically How Much To Start A Pinball Arcade?
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<blockquote data-quote="shutyertrap" data-source="post: 286917" data-attributes="member: 134"><p>I just finished reading a book by Peter Hook, bass player from New Order, called "The Hacienda: How Not To Run A Club" which was even more fascinating to me considering this very thread. Now I'm not saying a nightclub from the mid 80's has much in common with a pinball arcade, but the very act of finding a space, building it out, and then managing it really hit home. It's a fascinating read in that every mistake that could be made, they made. It grew into a wildly popular hot spot and was open for 15 years, yet it never turned enough of a profit to pay off their debts. Most of that was because of boneheaded decisions before ever opening the doors (signing a 25 year lease when they could have just bought the land, having the local brewery help with financing which meant never getting a discount on beer thus not being able to turn a profit on any sold, being open 7 days a week in the first year despite never attracting more than 40 people Sunday-Wednesday, and of course gross mismanagement of money).</p><p></p><p>There were other decisions design wise that cost them a fortune. They had this wonderful brass railing that looked fantastic, until sweaty dancing patrons put their hands all over it, thus tarnishing the shine. It would then take someone an hour to clean it back up each night. They spent loads on particular color choices for paint that once the club was filled and lights were going, nobody ever saw. So many of the mistakes that were made were because not a single person behind The Hacienda had ever run a club before, they had only ever attended them. That of course is exactly me with pinball. </p><p></p><p>I still think I could make it work though!</p></blockquote><p></p>
[QUOTE="shutyertrap, post: 286917, member: 134"] I just finished reading a book by Peter Hook, bass player from New Order, called "The Hacienda: How Not To Run A Club" which was even more fascinating to me considering this very thread. Now I'm not saying a nightclub from the mid 80's has much in common with a pinball arcade, but the very act of finding a space, building it out, and then managing it really hit home. It's a fascinating read in that every mistake that could be made, they made. It grew into a wildly popular hot spot and was open for 15 years, yet it never turned enough of a profit to pay off their debts. Most of that was because of boneheaded decisions before ever opening the doors (signing a 25 year lease when they could have just bought the land, having the local brewery help with financing which meant never getting a discount on beer thus not being able to turn a profit on any sold, being open 7 days a week in the first year despite never attracting more than 40 people Sunday-Wednesday, and of course gross mismanagement of money). There were other decisions design wise that cost them a fortune. They had this wonderful brass railing that looked fantastic, until sweaty dancing patrons put their hands all over it, thus tarnishing the shine. It would then take someone an hour to clean it back up each night. They spent loads on particular color choices for paint that once the club was filled and lights were going, nobody ever saw. So many of the mistakes that were made were because not a single person behind The Hacienda had ever run a club before, they had only ever attended them. That of course is exactly me with pinball. I still think I could make it work though! [/QUOTE]
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