I can think of a lot of things for you to consider.
Check with local distributors, they can put you in touch with AMOA or state associations that might be a good source of info.
Be sure you meet zoning, license, and insurance requirements.
If it's a great location with everything but pinball, the existing op won't let you horn in on his investment, you'll need all the games to get the location.
Most likely you'll be condemned to secondary locations, where profits are tiny and risk to equipment huge. Like laundromats or seasonal places.
And you are on call 24/7. Just sitting down to dinner with the family, too bad - fix your game or it's out on the street.
Learn all you can, to have the best chance at success.
LTG