Video game arcade business plan

If you thrive on gaming and providing a form of ageless entertainment, then starting an arcade business may be right up your alley.

Video game arcade business plan

video game arcade business plan

First you must consider the feasibility of the idea in the region that you wish to operate in. For this we offer world-class feasibility studies handled by our arcade, FEC and LBE location-based entertainment partner consultants White Hutchinson. We also offer a wide variety of additional services such as business planning, layouts, theming, training and more.

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For more information on all entertainment-related consulting services we provide, please click here Please note that due to the dynamic nature of our industry, with product availability and pricing changing with little notice, we cannot create amusements or arcade machine cost estimates more than 90 days in advance of purchase.

But we can offer qualified amusement buyers and owners some basic, generalized equipment cost estimates, based upon the project information you provide. The following guide offers some basic insights, facts and thoughts on starting new arcades and Family Entertainment Centers worldwide - Although not a comprehensive startup guide, it does covers a number of important steps, points and issues that should be recognized prior to planning a successful commercial arcade, fun center or family entertainment center facility.

Most small arcades and game rooms can be planned and launched within 12 to 18 weeks. Of course, these are just generic examples of typical project costs and times, and these figures can vary depending on the complexity and size of the facility, as well as the geographical location.

The correct size and location for a profitable facility depends on many factors, but the population size within a 30 minute drive of your proposed location combined with current local area demographics and factoring in any competitors currently operating in or around your geographical area are some of the most important ones to consider during the "feasibility" stage.

Planning a large commercial arcade or Family Entertainment Center is not a small undertaking. Are you looking to open a small arcade geared towards teens and adults, or one catering to kids and their parents similar to " Chuck E Cheese "?

Getting Started

Or perhaps a version of a " Dave and Busters " style facility, complete with arcade and extensive food and beverage operations, catering to young and middle-aged adults with a bar that serves alcohol, or perhaps some entirely new approach?

In the beginning stages of forming a new arcade, Family Entertainment Center or LBE plan, there are a few crucial steps that must be completed prior to purchasing any arcade equipment - And as you will read below, purchasing equipment is one of the last items on the general checklist.

Good planning for any business is essential, and in the arcade business there are some basics that must be addressed upfront. Your most immediate concern, outside of creating a business plan and obtaining financing, is being sure that you can secure zoning approval for your facility from your local "zoning board" in most countries before you proceed.

Although most governments have now relaxed some of the strict zoning codes that have discouraged facilities from opening in the past, there are a few areas where entertainment locations are strictly regulated, or banned in rare cases.

There are many points to consider while planning your project covered below, but having a well prepared business plan for your project is crucial to its success. After completing all of the below steps, your final task is to actually purchasing your games and related equipment.

Depending on the type and size of your arcade, this could include anything from just arcade games to token changers, card swipe systems, ticket redemption centers, counters or machines and more. Your BMI Gaming Arcade Consultant can help determine for you the best way for customers to pay for game usage, either via coins, tokens, or for larger facilities with 40 or more games, card swipe systems and card readers that eliminate the hassle of token collection and offer real-time, internet accessible data on the performance and profitability of your arcade And once you have completed all of the steps detailed below, and you are within a few months of opening your new facility, one of the last, but most crucial steps is to "get the word" out to the local community about your facility!

Entertainment facility marketing and advertising is one of the most commonly overlooked steps in creating a highly profitable operation, and effective marketing of your entertainment center, both online and offline, are absolutely paramount to future success. Rather than delivering a "stock" development formula, as many "consultants" do and which in many cases may be obsoleteour feasibility studies are bespoke, custom-tailored reports generated to find opportunities, advantages or weaknesses in your local area marketplace, created by lack of competition, and unique characteristics of your market population and demographics.

This can range from video arcade games, redemption arcade games, motion simulators and large attraction rides and machines, to token machines or newer swipe card systems that eliminate the hassle and security issues with token use, while providing real-time data on the profitability of your games, and the ability to re-program game prices remotely, so you can offer special game prices for "happy hour" or set all games on "free-play" for parties or other types of game promotions, which is time consuming for token-operated games.

Partnering with your local schools, churches, charities, youth centers and non-profits organizations to offer group discounts can also be very effective. We can provide thoughtful guidance in areas from arcade game selection to initial site selection, feasibility studies, space planning, interior design, building plans, food and beverage operations, prize redemption centers and marketing of your business, along with some great ideas for your initial opening and the successful promotion of your new facility.

How many games should I buy? What type of games should I get? How much space do I need, or how many games will fit in my space?

video game arcade business plan

What do typical games cost? Are their governmental laws affecting arcades?Get into the video arcade business from the Entrepreneur list of recreation business ideas. What it's like running an arcade in "It's very important to have a very good video game repairman," Horne says.

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Management anticipates that the business will have 15 arcade game stations available for patron use. Unlike other video game arcades, the games offered by the Company will use traditional video game consoles such as Nintendo Wii, Microsoft.

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