I really hate the way this has come down with JPop about getting my refund as I have all of his pins and still want future ones but its a cash crunch issue and bad timing. I sure wished I had won the contest please see this as it will explain it so much better than my long post.
#t=12 I cried seeing those people reactions and wished it was me, but I was happy for them and will buy a Honda for sure. Honda raised enough money in the contest that we were given another week to get votes but again it was a no and our hope got crushed as we lost again. This time it was all over the news as the other drive in in TN won about 90 miles away. The one station did a very nice story and the other one said we would have to beg the community to stay open. I believe things work out for a reason and I just have to believe those people needed it more. Left with no time and no way to borrow I tried to do the reward donation drawing but that was an odd experience. Still other drive ins are still raffling prizes, even guns but I will not do it again. It was also quite an experience pulling out numbered Christmas balls at 3am in Chicago during the LTG show. I could not believe who won but he purchased a ticket in advance like everyone else.
Pinsider Skins said something like this, not sure of the exact quote but we all live close to the edge in life. Let me try to explain, in being involved in business you have to take risks to get the rewards. After paying for Magic Girl things have gone so wrong in so many unusual ways, maybe making up for suck a good run. A little bit of a rant but again I cant help the unexpected snow fall this year causing my roof to fall in at the drive in. I talked with my insurance agent and its considered and act of god or some other complicated wording that means we as an insurance company are not paying a claim as it could be faulty workmanship if not an act of god or terrorism. I do not think so as the building been there since 1952.
I little about myself, I have had a great run with business and love the drive in. I have only owned it since 2005 but I work the ticket box almost every night. Its open 8 months out of the year and its my dream job, as I have visited here since a child, Many memories of watching movies eating food and even working as a kid counting money out of a Breakout in 1981 or playing Space Invaders pin with my dad its just a great place. Its a fun business and that in itself is a reward. The decline of coin op games really hasnt hurt me and in fact I was caught off guard some with how well it started to do after us operators didnt have to keep buying 14k dollar twin drivers. I was making more net income from operations than ever and yes I do put it in the bank, you have to in order to purchase equipment and NOT go to jail. In 2011 we knew film was coming to an end but nobody saw it ending in 2013 as the govt caused it thru the Kodak bankruptcy and NOT allowing them to stay in the film business. I have run my own business on my own since 1988 and greatly expanded it during the second glory days of the arcade boom in the 1990 to 1997 time period. Mortal Kombat, Killer Instinct and Daytona USA were making real money like the 1980's but were also costing real money. A Daytona twin was just over 18k but they often made 600 to 1000 every week.
I had a string of just way to much bad luck with two funerals (no insurance and no family members helping to pay for my wife's mother. Its such a sadness I wish upon nobody. She had purchased Colonial Penn Insurance but died 2 months before it vested. My CPA of 20 years dying and all his work was lost so I could not pay my taxes on time and it took 6 months for the new CPA team to do all the work as coin machines are not easily accountable. The IRS was ready to pounce and it got bad real quick. In such a short turn you can be on top then sitting in a office with a IRS agent saying death is not acceptable excuse. Yes I paid some but had no idea what I might owe. I never have made the kind of money that I made in '12 and '13 and thats because of selling many pins, over a 100 in the last 3 years, thanks in large part to popularity of Pinside. Its get more complicated on the IRS front with the JJP distributorship of taking in money for a machine thats not delivered year after year, the IRS doesn't believe me but its true. I love the coin machine business and its a great way to make a living seeing people every week and build relationships. I sold pins to many repeat people here and I also have purchased several and each time I went I have an experience. I thank each and everyone that put trust in me and if I am asked about JPop as I have been I think its only fair I tell the truth.
The drive in is a different business and in all truthfulness I should not have opened it back up. If you look at it in black and white numbers the cost is just too great as its over 100k now with roof, getting Internet to remote location but I did not have to pay 32k to bring 3phase power here. I do it again because i like it and seeing kids who would never be able to go to movies get a chance to come here, smokers love it here as they can smoke. Lovers also seem to like as i pick up 3 or 4 condoms every busy weekend but the families with blankets are far more than those few teenagers or swingers who come. We cant take the money with us and my wife and I talked it over. the only fear is a great recession or the new 2 dollar increased price of 8 dollars adult and 4 dollar kids keep people away from seeing a double feature and sometimes even a triple feature.
The banks were loaning money much better in 2006 than say 2011 and I had to struggle to refinance last Summer as all banks are super conservative with property values. I could only borrow 1.9 million with a decent rate. I wanted more but was tapped out with now nothing extra. I know I lost some customers who were scared I would take their money but I would never do that as anybody has gotten a full refund from me. Only one lost a small deposit as a reseller sold a WOZ that did not go thru but he said he explained all but 500 of the 7300 was refundable. I even like to have people make the check out to JJP if it makes them fell better. Its no biggie as I have to pay Jack for the machines anyway.
I just wanted to clear the air and show I am ok, the other parts of my family business ventures are ok. I made the transition at the indoor cinema for all 9 screens and those also cost around 75k per screen so you can see how it adds up. I have shared some personal information as I have nothing to hide and want to make sure everyone knows the truth. Some like me and some do not its life but if you want someone who has passion for coin op and pinball then I ask for your consideration on your next purchase. If you are out driving this come see me we can have a great talk between the double feature!
I hope to see many of you all soon, at an auction, ATl show, the drive in here or on a pinball run!
Thanks for your time in reading this. JPop has sent me an email saying my next refund is in the mail. I will send it straight to the IRS
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