My 2 cents . . .
This is conceptually not far from the Sports Bar business model, or maybe the Dinner Theater, except the latter two have much lower cost structure for facilities, and probably higher business volume potential.
I frankly think it would be near impossible to turn a profit the way you have described the business (ie primarily from Rents), simply because of the math equation layed out by McFarland.
If you were to stick with the sports bar model and maximize revenue from service of food/beverage, maybe there's a chance. The only part I can't get my mind around is whether there's enough people like us who would want to go there and spend time and money. I personally may patronize such a business, but my wife would say, hell no, let's go to the dinner theater, and my kids would say hell no, let's go to the sports bar.
This is conceptually not far from the Sports Bar business model, or maybe the Dinner Theater, except the latter two have much lower cost structure for facilities, and probably higher business volume potential.
I frankly think it would be near impossible to turn a profit the way you have described the business (ie primarily from Rents), simply because of the math equation layed out by McFarland.
If you were to stick with the sports bar model and maximize revenue from service of food/beverage, maybe there's a chance. The only part I can't get my mind around is whether there's enough people like us who would want to go there and spend time and money. I personally may patronize such a business, but my wife would say, hell no, let's go to the dinner theater, and my kids would say hell no, let's go to the sports bar.