So I’m sure this sort of business is in operation somewhere but not in my city (1 mil people).
Basically - I feel like young people (18-25ish) have nowhere to go and just “hang out”. If it is raining (which it does a lot here) they either have to go out for food or drinks (can be expensive), go to the cinema (only fills in like 2 hours) or chill in each other’s houses (which doesn’t always work if they still live with parents etc). I was thinking that a large space filled with lots of comfortable seating and couches, pool tables, plug sockets, video games and maybe even a movie room would be pretty cool.
The idea would be that you pay a monthly membership (~€25?) and you can come in and use all of the facilities. Weekend evenings could be byob (don’t have to pay alcohol licence) and there could be free filter coffee and tea for members during the day. They could order whatever takeaway they wanted to the venue or if they are going to hangout and have lunch, bring a packed lunch and use onsite microwaves.
It would be a multi-functional space, during the day somewhere to eat lunch and grab a coffee. In the evenings, somewhere to have drinks and play pool. The costs would mainly be bills, staff and rent. There is no alcohol license to pay or food stock to purchase. There would be very few staff needed. An outside area would be nice for the summer days and maybe a local DJ could come in on the summer weekends.
I guess I’m just wondering the profitability of this and a realistic estimation of how many members could join? I know there are a lot of variable but I suppose I would target college students and young professionals. There are already pool halls in the city but nowhere with this format (a space to relax etc, membership). Of course, the location would be really important.
I don’t have any experience running my own business but I have always wanted to. Any constructive criticism or advice is welcome :)