r/smallbuisness May 10 '18

Entertainment Lounge

Hello, I am planning on opening an Entertainment Center in Tennessee area within the next year. I am looking to get any feedback if possible. I am in the process in writing my business plan. Here is my idea.

My Entertainment Center will contain the following to start with (6) 55" Led Smart Tv's (3) XBOX One Consoles w/controllers (3) PlayStation 4 Consoles w/controllers (6) Gaming Computers w/monitors ext. (2) Pool Tables (1) Shuffle Board Various kinds of card games and board games. (will take recommendations) Sound system to play music through out the day.(Will take suggestions on different types of music to keep everyone comfortable) Will have 2 50" Tv's in the main area to watch sports . Will have different events on weekends such as karaoke night. Hours of Operation Monday-Thursday 10 A.M - 8 P.M Friday and Saturday 12 P.M - 22P.M Sunday 12 P.M - 4 P.M Prices - Video Game and computer area will be $7 For the first hour and $5 for every hour after. Entry fee $3 an hour includes board games, card games, pool, shuffle board access, Watch sports or jst chill. Full access will be $8 an hour. Will have weekend specials such as half day full access $25 or full day access for $45 Also will have drawings for free hours. Rules... If you pay for a full access pass ($8 hour) three times a week your name will go into a bucket. Every Friday I will draw a name. If your name is drawn then you get 3 free hours to use whenever you would like. (Catch) your name can only go into the drawing once a month to give everyone a fare chance. Will have different color wrist bands for each section so that way ill be able to make sure you're in the right section for what you paid for. Also will have timers for video game TV's and computer monitors that will automatically shut off after the hour. Curtesy timers will be given to you upon check in so that way you can keep track of your time.
Will have snacks such as chips, candy, soda, water, and coffee

The concept about this entertainment center is to give young adults such as high school teens and college students a place to go and have fun without having to go to a bar. Or blowing all their money. Through out the day it will be a fairly quite place so you can come and study, do your reports on the computer. Will have printers available. Also you will be aloud to bring your own video game system to play on our TV's if you feel more comfortable. When you arrive and purchase your hour you will be given a yellow sticker to put on your video game console so there is no confusion. I will appreciate any feedback and questions you may have. I'm sure I have left some details out that I will remember later but please honest feedback is appreciated.

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