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Opening up arcade? Ideas?
StarChild:
--- Quote from: Kremmit on October 04, 2004, 05:37:41 pm ---
--- Quote from: Hoagie_one on October 04, 2004, 04:47:31 pm ---wonder how difficult it is to change the coin mechs to run on nickles
--- End quote ---
There's an arcade in Eugene, OR called "The Nickel Arcade" where everything costs (you guessed it), a nickel! I haven't been in yet, the last time we were through there (about a year ago) I spotted it, but could not stop, as I was travelling with a car full of non-gamers (read: stupid in-laws). My wife used to go there when she was a kid though, so apparently they've found a way to make it successful over the long term.
Any Oregonians know what it's like inside these days?
--- End quote ---
There used to be one in Beaverton, but I can't remember the name of it. Same type of model: charge like 5 bucks to get in and all games were a nickel...some of the newer games were two nickels. ;)
This was like 8 years ago though, no idea if it's still there (I live up in the Seattle area)
--- Quote from: D_Zoot on October 03, 2004, 05:21:57 pm ---In the 80's arcades were a destination, in general now, they aren't.
--- End quote ---
THIS is the main problem.
My idea was the adult arcade with the nostalgia-type games. Basically a bar with nickel games. A token income on the games (as a draw), but with beer/booze to make the money. No messing with the crappy prize booths, no dealing with little kids wailing on the control panels (although I imagine some drunk adults doing it :rolleyes: )
For you guys who've seen places like these, how are they doing? I'd love to get out of IT. ;)
-*
RayB:
--- Quote from: StarChild on October 05, 2004, 10:57:59 am ---My idea was the adult arcade with the nostalgia-type games. Basically a bar with nickel games. A token income on the games (as a draw), but with beer/booze to make the money. No messing with the crappy prize booths, no dealing with little kids wailing on the control panels (although I imagine some drunk adults doing it :rolleyes: )
For you guys who've seen places like these, how are they doing? I'd love to get out of IT. ;)
--- End quote ---
I've got news for you... what you're describing isn't an arcade, it's a BAR.
I think the original thread poster should just give up the idea and pursue something more lucrative. There's no sense pissing away money into a venture that has proven to be on the way out. I've even heard Dave & Dusters is losing money big time, so even that whole adult/redemption model isn't working.
GGKoul:
As I said before. Buy rental property and by the time your 30, you'll probably have enough so you can purchase more rental properties. Then you'll be rolling in the $$$.
RayB:
YEah! Student housing! My father in law sold a townhouse condo for $100,000. The average RENT to rent a place like that is $800-900 a month. Mortgage payments are about the same if you own.
It had 3 bedrooms. The guy who bought it built an extra bedroom in the basement and one on the main floor. He rents each room for about $450 a month to students who go to the nearby college.
Do the math. What a profit!
~Ray B.
PS: All this discussion and Negativecreep0 hasn't even come back to read this... >:(
LOKIOLR:
There's an arcade in caifornia that's pretty much a whole in the wall but they're always packed. It's Arcade Infinity. Their specialty is import games. Mostly the Konami music games (DDR, IIDX, Pop N Music, etc.). There's a huge following there. Plus with carrying those games you'll have exposure through DDRFREAK. Alot of business can be made from just those games alone. I know our local arcade has a DDR machine that's been the same mix for 2 years now and still brings in like $450 a week by itself.
I myself would love to open a huge arcade but unfortunately do not have the capital to do that.
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