Francisco Milanes

Miami, FL (USA)
Role(s):
Founder/Owner/Principal

Players Club

Find More Startups Startup
Location: Bogota
Industry: Sports/Recreation
Year Founded: 2012
Number Employees: 10-50 people
Business Stage: Growth (profitable)
Entity Type: Not Incorporated
Description: Project: Players Club Poker Room Given the experience obtained over the last years, we have come to learn what the chances are for this game in Costa Rica and now in Colombia, due to that we can obtain the first Poker Club of its kind. With the following quotes we can be in the position of being exclusive in this type of service. Necessities: One time expenses Permits: $10,000 Tables: $500 each table 12 tables are $6,000 Poker Chips: 15,000 poker chips are $8,700 (.58 each poker chip) Surveillance Equipment: $8,000 (Including Installation) Computers: 6 desktop computers 2 laptops $500 each total $4,000 TV’s: 4 plasmas $800 each total $3,200 Furniture: Chairs, Sofas, Tables, Bar. Appliances, Paint etc. $10,000 Total: $49,900 Monthly Expenses Rent: $5,000 a month (+ Utilities Electricity, Water and Internet) Supervisors: $600 2 supervisors $1,200 Dealers: $350 6 dealers $2,100 Host/ Chip Runner: $350 3 Hostesses/Chip runners $1,050 Waitresses: $350 6 waitresses $2,100 Security: $400 9 security officials $3,600 Maintenance: $350 3 workers $1,050 Food and Beverage: $3,000 Cards: $1,340 every 3 months $447 monthly Managers: $3,000 2 managers $6,000 Taxes: 17% of net profit Total: $20,347 $679 Daily Marketing: Designs- $50 Flyers - $60 each 1,000 (5,000 flyers $300) Cards- $40 each 1,000 (2,000 cards $80) Total: $430 Total of investment: $70,677 Promotions: • $1,500 Freeroll for each player that accumulates 35 hours per month. • High hands every hour, every hour the high hand receives $20. • 2 or 3 players that lose the most in one night receive 10% of money lost the next day. Keeps the losing fish coming which attracts the players. Project Specification: - The location must be approximately 150mts, (with out including restrooms); in which the tables, a waiting area, Internet poker area, and the bar will be located, the same must have a parking lot available for at least 15-20 automobiles. - The computer equipment can be Pentium 4, with a 256MG RAM & with no CD burner. - For the interior we suggest to take in consideration decoration, that could consists of various paintings, carpeting, art work, lamps, and furniture, etc. - The staff will start growing depending on the demand per table. Listed above is the staff needed to start. Hypothesis: With this project there is an expectation of achieving the amount of $1,680 per day minimum which will leave an average of $50,400 gross profit a month. Minimum Ex: An average of 2 tables open raking in $70 each per hour x 12 hours operating each day will be $1,680. 1680x30 days= $50,400 a month. Maximum Ex: An average of 2 tables open raking in $100 each per hour x 12 hours operating each day will be $2,400. 2400x30 days= $72,000 a month. *NOTE 3,4,5 AND EVEN 6 TABLES MAY OPEN UP IN THE CASH GAME WHICH IS OUR GOAL BY BECOMING THE BEST POKER ROOM IN EVERY MAIN CITY IN COLOMBIA. Hypothesis Justification: On a regular game of Texas Hold’em an approximately of 25 to 30 hands are served throughout the game for which a (RAKE) commission of at least a 10% of the pot is charged, with a minimum of $1.00 & up to $4.00, this will depend on the amount of money that is available in the pot. Which indicates us that each table would leave an average of $70.00 - $100.00 per hour. Return of Investment We are willing to give 80% of the rake till investment is returned. Once the investment is returned we will give a 20% of the rake. Minimum Ex: 2 tables operating 12 hours each day averages $140 per hour. 140x12= $1,680-679 (daily expenses)= $1,001x 30 days= $30,030 net profit a month- 17%taxes($5,105)=$24,045. 80%= $19,940 $60,677/$19,940 giving a return of your investment in 3 months. Maximum Ex: 2 tables operating 12 hours each day averages $200 per hour. 200x12= $2,400-679 (daily expenses)= $1,721x 30 days= $51,630 net profit a month- 17% taxes($8,780)= 42,850. 80%= $60,677/$34,280 giving a return of your investment in 1.3 months. *NOTE OUR GOAL IS TO EXPAND THROUGHOUT THE MAJOR CITIES IN COLOMBIA AND YOU WILL RECEIVE A 20% OF ALL THE POKER ROOMS.