So - my location sucks for Pinball. Both buying machines and location play. There's nothing out there.
The Movie Theatre five hours away just actually just put in a Ghostbusters and a Fish Tales which has me ecstatic. I'm curious how long they will last though if they don't pull enough coin. This got me thinking.
I would rent a machine for $200-$300 per month no questions asked if it came with the ability to occasionally switch machines. If I would do it, I bet those people who want one or two machines for their shed / basement / mancave would too.
A $4000 machine rented out at $200 per month is a 5% ROI - per month. That's not a horrible return, in fact that's a 60% ROI per year. That's stellar from an investment standpoint. 20 months to pay for itself, which is not great from that perspective, but seems like a better deal then routing a machine. And yes I know, that does not account for, wear and tear and time, but bear with me as this is rough napkin math. Plus the assumption is that home based use will be a lot less damaging then routing.
I obviously need to flesh the idea out more, but I'm wondering what everyone thinks about the concept? I've look for threads on the idea, but can find minimum. I do know one guy renting out new machines to office locations who does fairly well - different province.
- Rent out pinball month by month. Probably a minimum 2/3 month commitment, repairs covered by me. After the 2/3 months they have the option to switch to another machine.
- Pinball will have more interest than arcade machines, but maybe bundle a nice 60 in 1 with a machine as well, increase the perceived value. Minimal extra cost to me, I've got like 40-50 cabs in storage.
- Price probably 200-300 per month.
- I live in a somewhat smaller area. Everyone knows everyone. This greatly decreases the chance of someone stealing a machine. If you've lived here for 30+ years and own a thriving business, you're probably not bugging out and stealing a machine from me. I wouldn't take just anyone.
- I've sold machines to a lot of people that would be the target demo. I can see them and their friends being interested.
- Someone is going to bring liability up, I might look into it, but unless this scaled and I had like 10 machines out at a time, I wouldn't bother with it.
Anyways, thoughts?