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Message: [QUOTE="Ecomdan, post: 1465562, member: 54934"] Sorry it took me a while to get back and check this, thanks very much for all of your input! Yes we will be leasing the premises in which we will be opening our club. At present we are still scouting for locations, some areas in the city have currently under construction commercial buildings which may prove more attractive than those already available so we're not settling just yet. The first few locations we inquired about were around P100,000/mo ($2,300) and that's the prime commercial real estate in the area, it's likely we can get a decent location near by for maybe half that. The biggest expense we are facing that I can see is the gaming license, we have to pay the local authority (PAGCOR) 1 million pesos (about $23,000) processing fee and then the same amount again into a bond to be held by them as security. However we need to be incorporated and registered locally with the SEC before we can begin the application process, to do that we need a minimum of 5 incorporators. Actually that might actually be a good thing, as Tenbob suggested having some one with real experience would be invaluable, perhaps giving that person a real stake in the business would be a little more motivation than just a salary... For the tables I've found one good local supplier (kustomkowboys.com), they've made poker tables for a lot of the bigger casinos here and have quoted me about P15,000 per table ($340) so for ten tables we're looking at around $3500 probably closer to $4000 with all the rake drop boxes. I'd still have to have these tables transported from Manila to the card room location so there'd be some road freight involved, no idea yet how much that will cost. Though $4000 for ten tables seems a little high, think I could find a better deal online? As for security we'll be looking at two armed guards on the front door, and another armed guard for the back room/cashier area. Cameras on every table as well as the front door, cashier, back room... so about 13-14 cameras total. No figures for these yet. Just in the last couple of days, my business partner has been back in his home town and scouting our options, he's discovered that a few bars have been sponsoring tournaments on a monthly basis and that they are always well attended. Also, he has heard there is another local business owner looking to put up a card room of their own in the area... shit, competition moving in already! [/QUOTE]

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