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(Topic ID: 276392)

Am I crazy to open a pinball joint in a sleepy beach town?

By spblat

3 years ago


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  • Latest reply 2 years ago by mbwalker
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    #32 3 years ago
     
    LTG

    LTG

    Pinside member

    US Hopkins, MN

    12y 191K 56,991 24 7

    OP
    Quoted from spblat:

    I'm looking for funding in a climate where lenders aren't interested in startups.

    I would think you are dead in the water right there.

    If you need money to make this happen, or most of it. Say 30% and you have 70%. Anything you might make wouldn't cover repaying funding.

    Ignoring COVID and sleepy town with very little business or who might not want an arcade to upset their sleepy town.

    Really do your homework if you move forward. Dreams are nice. But do your due diligence to be sure it isn't a nightmare.

    Besides zoning ordinances, licenses, and insurance. Any new business needs start up costs and a years worth of money to have a chance.

    Best wishes.
    LTG : )

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