How to open an Arcade/Youth Centre - Interview with an owner

Youth Centre Mentor Profile:
Our mentor has been involved with the arcade amusement industry for about 8 years. During that time he built up his knowledge of the arcade video game industry and later branched out into owning and operating his own Arcade / Youth Centre.

One of the most important things that our mentor would like to inform those who want to open this type of business is "...You get into this type of business to help your community to give the youth of the area a safe place to hangout".

BusinessPlanWorld.com - Tutorial Topics:

Navigating the MS Excel Tabs

About What will be covered in this tutorial:

Navigating the MS Excel Tabs

About the Start Up Costs

Startup Costs and Balance Sheet Relationship

Project Costs and Owners Investment

About the Balance Sheet

Disclose everything do not hide any debt

About the cashflow

About Financial Leading Indicators

About Sales to Debt Ratio

Where to find financial leading indicators

How to edit the Cashflow

How to use Paste Link in MS Excel

The Cashflow and Income Statement relationship

How to generate your income statement

How to forecast income statement Y1 and Y2

Tips on changing the spreadsheets

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For more information visit:

http://www.businessplanworld.com

Category:

News & Politics

Tags:

• Youth
• Centre
• Arcade
• Video
• Game
• podcast

[darkhalo68]

it's a very good video, my question is how much did you have to put down, out of pocket.

and i understand the shole safety, and legal factor. thank you for your time.

[whatasite]

A take over is not as expensive as a start-up, everything is in place and you just need to take over.

A start-up would require you to do everything from scratch, permits, signage, layout, confectionery treat-pop and so on, agreements with external vendors for gaming machines, pool tables and so on.

Plus you need to decide what will drive your revenue; dances, video games, or both! I stress this type of business is not to get rich more to do something worthwhile for your community.

[NikkiBomb]

pretty helpfull video,. im planning to open one in my town. i still need to figure out the zoning and everything with the townhall. can anyone help me out on this?

[whatasite]

Depending on your town council's previous experience with similar operations you will need to prepare... counter arguments to support your application to open this type of business.

It does not hurt to call ahead and arrange a meeting with the councilor to discuss your idea.

Feel free to post your questions here as any answers will help others attempting to open this type of business.

All the best,

Kevin

[chaconmcfly]

We need one of those in Phoenix.... oh I guess that'll be me, there is nothing in this dump, everything is so far away, and the arcades we have don't even work, damn phoenix

[whatasite]

It did not cost me anything to take it over. Sounds like you are going to setup a computer network or Internet Cafe. If you setup the Internet Cafe a lot of great software out there to monitor hourly usage.

Plus arcades or youth centre are sometimes harder to get permits for... so an Internet Cafe might be an easier sell.

All the best,

Kevin