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Pool table games are among the most popular entertainment activities in the country due to their affordability. Hence, the pool business in Kenya has become one of the most lucrative ventures.
You’ll need a minimum of Kshs 30,000 to start a pool table business. This will earn you an average income of Kshs 1,000 daily per table.
The affordability and engagement level of pool table games make it a highly demanded service, especially in small towns. You can leverage this to earn high returns by finding a suitable location, marketing, and integrating additional fun services.
So, how can you establish a profitable pool table business?
This piece helps you learn the following essentials:
- The ABCs of the pool table business
- Factors to consider when starting a pool table business
- Step-by-step process of opening a pool table business in Kenya
Let’s delve in!
Pool Business: What It Entails
Pool tables are part of the big mansions in affluent people’s homes. Reason? The cost of a pool table can be overwhelming for a low- or middle-income earner. This gap yields an opportunity for entrepreneurs to set up pool businesses in Kenya.
As a businessperson, you can purchase one or more pool tables and set them up in a high foot traffic location to allow your customers to play at a fee. Usually, the pool table service is paid according to specific timelines; for instance, you can have hourly rates.
The government of Kenya has some requirements for you to start the business. As a result, you should fulfill them before you begin to operate the premises to enjoy a seamless business journey.
Factors To Consider When Purchasing a Pool Table
Before setting up a pool table business, you should learn the essentials, such as requirements, to prepare an effective plan covering all the prerequisites.
Here are some of the factors you should evaluate before you open a pool table business
The Initial Cost of a Pool Table
How much will you spend to acquire a pool table?
Learning how much money you will use to get a pool table machine allows you to plan accordingly. And although most first-time entrepreneurs will compute the pool table price only, they forget to include the transport and accessories costs.
So when window shopping for a pool table, ensure you check the
- Table’s price
- The accessories price
- The transport cost as they are bulky
Of course, different pool table sellers will offer a variety of machines at varying prices.
The Durability of the Machine
When shopping for a pool table, you must evaluate its durability to avoid high maintenance costs that may decrease your returns. Generally, you’ll find these two types of machines in the market.
- Slate Marble Pool Table: This machine usually has a slate marble cover and is more robust, making it more costly.
- Plywood and Wood Pool Tables: Plywood or wood-top pool tables are made from wood, making them less study. Hence, they bear lower prices than slate marble machines.
The Nature of The Machine
You can choose between a new or second-hand dealer when purchasing your pool table machine. New table sellers usually present the table and accessories together, while second-hand dealers sell them separately.
However, the new machines are expensive, making the second-hand tables a better option if you’re working on a tight budget.
Step-By-Step Guide To Open a Pool Table Business In Kenya
Here are detailed steps to set up a pool table business in Kenya.
Step 1. Find a Suitable Location
Finding a suitable location for your pool table premise is among the most fundamental steps toward a successful business.
But how?
When searching for a space to set up your pool table machine, you should consider the following
- Your Target Market
Your chosen location should be easily accessible or next to your target market. You can accomplish this by selecting a spot where your target audience chills or passes through often.
- Rent
Different locations present unique rates and leasing terms and conditions. As a result, you should evaluate them to ensure they match your budget and the nature of a pool table business.
Note that you will incur other recurrent expenditures, such as utility bills and annual license fees. So you don’t want expensive rent rates that will lower your profit.
- Population Density
A highly-populated region attracts a more extensive customer base to your business, making it more profitable. Hence, you should ensure your business spot is strategic with massive foot traffic to maximize your returns.
Step 2. Secure Legal Documents
To operate your pool table business smoothly, you must fulfill all the country’s legal requirements. This will prevent unnecessary interruptions by the authorities, allowing you to run for maximum hours to increase your profits.
Which legal documents do you need to operate your pool table business?
Before you start running your entertainment business, you’ll need the following documents:
- An annual license fee of Kshs 5,000 per table
- An application of Kshs 250 per table
You should renew the license every year.
Step 3. Budget for Your Pool Table Business
Planning for the whole pool table business is essential as it helps you prepare all the elements to run seamlessly. The two main items you should focus on at this stage include
- The Pool Table: Pool table prices range between Kshs 30,000 and Kshs 200,000. The price difference is due to the nature of the machine(new or used), shipping fee, handling, and delivery charges.
- Supplies and Accessories: Some of the accessories you should budget for include cues, tablecloths, cue balls, and chalk. In addition, ongoing operation will require items such as waxes, polishes, and repair tools for maintenance.
A clear view of how much it costs to start and run your business will help you prepare all the necessary items to establish a profitable venture.
Step 4. Set Up The Business
Once you find a good table machine deal, you can purchase and transport it to your premises. Then, arrange it with the matching accessories.
In addition, you should hire an artist to write your business name on the premises to increase your business visibility. Note that a good name should resonate with your target audience for better branding and marketing.
Step 5. Market Your Business
Marketing increases your reach, growing your customer base. To market effectively, implement the following:
- Utilise Social Media
Social media has become a goldmine for most business people. You can advertise your business to people within your region by posting appealing pool table photos.
- Collaborate with Local Businesses
Networking with local businesses such as pubs and restaurants can fetch you a vast pool of clients. Moreover, you can share ideas and resources or even serve the same customers across your premises.
- Promotions
Promotions are a great marketing tool that attracts more customers. To maximize its outcomes, you should offer discounts, raffles, or special offers in different seasons or during an event.
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Frequently Asked Questions
1. How Much Do I Need To Start A Pool Table Business In Kenya?
The cost of starting a pool table business in Kenya is between Kshs 20,000 and Kshs 80,000. Here’s a breakdown of an initial capital of Kshs 55,000
- The pool table machine – Kshs 40,000
- Rent – Kshs 10,000
- License fee – Kshs 5,000
- Application fee – Kshs 250
2. Is a Pool Table Legal In Kenya?
Yes, the pool table business is legal, with an annual license rate of Kshs 5,000 and an application fee of Kshs 250 per table.
Conclusions
Finding a good business idea with a small amount of capital is challenging. Fortunately, you can start a pool table business with as little as Kshs 30,000 and enjoy a daily average income of Kshs 1,000 per table.
Are you looking for more money-making or investment ideas? Check out our shop for practical tips and professional guidance.
