So I’ve had this idea for years but right now I’m in college for business management and the idea just kind of keeps growing for me.
So I’m thinking about working on a business plan for a modern arcade. But instead of arcade machines I can have Xboxes and PS5s and Nintendo switches and steam decks that can be rented out either half hourly or hourly.
I’m wanting to expand this and my dream is to have a giant building that has the arcade on one side and food and a bar on the other side.
But for right now I’m just considering the arcade part in a local mall complex called the Independence Center for the start and proof of concept.
I still have to put together the total costs but the devices alone will be a little less than 30k
Obviously I still have to account for furniture and monitors and such but.
My idea is to have game pass and ps plus on all the main devices and a handful of the popular games for the handhelds with also popular fps games like modern warfare 3 and such on the consoles so there is plenty of selection to play.
I’m thinking about doing the pricing as $10 for 30 minutes and $15 for an hour.
I’m just wondering if this seems like a solid idea to build off of so I can hopefully build enough capital for my dream idea to present to investors.
Any input is welcome.
We have a similar setup in Cincinnati, Legacy Arcade. They have lots of pinball, cabinets and a few consoles. On any given evening, there is a handful of people in there and none are playing the consoles. This is a high density neighborhood, in a strip mall with a casino, lots of fast food, a Target across the street - so what you would think is the ideal location. This location recently closed. The new location is mostly pinball - lots of tournaments and other playing options. I would consider consoles a losing proposition and would not invest. My two cents, of course.