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harvrose

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Reply with quote  #1 
I am considering buying a 100,000 sf strip mall in NJ that has lost most its traffic due to the 45,000 vacancy it now has due to the large grocery going out of business. 

My plan is to re-position that 45,000 space and turn it into an entertainment center. One that can target both the retirement community, and the college aged kids that are within the nearby vicinity of this center. 

My idea of such a center is a high end bowling anchored social entertainment center. 

Bowling - Bar - Steakhouse - Pool Tables - Arcades - Poker Tournaments - Social events...  

I have met with one of the current tenants in the center that runs a phenomenal bar / burger house who mentioned he would like to operate such an entertainment center and feels it will do incredible in this particular area. 

The plan would be to be to run the center extremely home grown warm environment as opposed to corporate ran center. 

I have done some research and I see that a similar revolution is happening in a number of locations and one that has been in the news alot, Vineland NJ. 

I am looking for as much information as possible to help me understand if such a concept is or is not a good idea. I would appreciate all responses. Advice, Experience, Ideas, Encouragement, Cautions. 

Feel free to PM me as well.

Thanks.



Fordman

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If you have any possibility of changing it to a casino type place do it.  Your target audience is young.  Problem is they don't stay young so you have to keep reinventing the place to keep up with your ever changing target audience.  Either way good luck to you.
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mrbowling300

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Reply with quote  #3 
I'm sure the type of bowling customer that you are targeting is not the serious league bowler.  I'm wondering if you are following the model of bowling and bar, where eating, drinking and entertainment comes first, and the bowling is an ancillary thing to do while your customers are doing other things.  Nothing wrong with that, as it seems that's the direction the bowling industry is heading.  It is probably more profitable, and your customers will pay more for lineage and food.  Good luck with the venture!
avabob

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Biggest problem you face is that the pure bowling aspect is so capital intensive that it is very tough to find any model where the bowling side can cover the capital costs it adds to the investment. 
mrbowling300

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Quote:
Originally Posted by avabob
Biggest problem you face is that the pure bowling aspect is so capital intensive that it is very tough to find any model where the bowling side can cover the capital costs it adds to the investment. 


That's why places are having to charge in excess of $7 a game.  
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