It’s been a little while since I posted about my arcade progress. For those that aren’t aware, I am working on opening up my very own arcade place. It has been an arduous journey so far but I’m slowly inching my way there. While I couldn’t get the amount of money I really wanted, I have received an OK amount to get me started. I had to go the route of a bank loan which took much longer than I had hoped but at the same time it’s not a big deal since I have not secured a location yet. I could probably have got more with an investor but the issue is finding an interested investor.
Next up is my location. A couple of weeks ago I issued two letters of intent on two different locations to see which one would give me the best offer. Both are taking their time, one gave a counter offer I was not happy with and I may pass on that location(especially when they want me to define what I mean by running an arcade when it’s already been explained to them and they have my business plan which clearly defines what it is). The other location I just not have heard much about as they have been a little slow – it’s not in as desirable of a location as the first but it’s cheaper, bigger and I won’t have to finish the job of actually completing the building (the first one still needs two rooms built including a bathroom and it needs the walls and ceiling finished). But a twist came around a couple of days ago – there is one great location I wanted badly but when I finally could move on it, some other company issued their letter of intent. But it turns out they had second thoughts or something of that nature so the realtor called us and asked if we were still interested. We said we definently jump on it. Things were looking good until yesterday when they suddenly changed their minds and so it’s off the table again. So sadly I was strung along and that was quite irritating, I’m not even even sure why they’d bother calling me saying it’s available when they want to give priority to someone else that is dragging their feet.
Hopefully I’ll have a new update on the location next week.