Commercial Real Estate Financing
Deciding What Direction to Go In
The owner was happy with the business – in general, at least. But something was missing. Looking over the clientele visiting the arcade space, it dawned on him one day – It was filled with adults who had played these games as kids. The younger crowd was sparse and sometimes not at the arcade at all. When it came down to it, the arcade games made up the heart of the place. But it didn’t take much thought to realize that adding more modern amenities might bring in a larger crowd. So the owner started to do some research and come up with options.
Thinking About Financing Needs
In the end, the owner decided the arcade needed more than arcade games. A foosball table, some modern games, a few snacks, and a more modern atmosphere were sure to make the spot as popular with the younger group as it was with adults indulging in nostalgia.
Most of the things needed would be expensive. The owner tallied up the potential costs and realized about $200,000 would give the place a new look and lots of fun video games and entertainment options to make it more appealing.