
by Jack Guarnieri, PinballSales.com & ShuffleAlley.com
Don't Forget FFEC: Fun For Every Child
I don't remember exactly when I first heard the term Family Entertainment
Center. I do remember thinking about how broad that term was and what it meant.
How can we really entertain the whole family? This is the question we strive to
answer while building and running a profitable, growing business.
Bowling alleys became Bowling Centers, used cars became pre-owned
automobiles, second mortgages became home equity loans and arcades became FECs.
Whatever the size of it, even the smallest arcade marketed itself as an FEC. It
just sounded better.
Most people outside of our industry look in and want to open an FEC. They see
a fun business that has the potential to generate a lot of cash, and they want
to know where to sign up to open one. It's like having a great dinner at a
crowded restaurant, and your friend leans over and says, "What a gold mine!
Let's open a restaurant." My answer: The only thing I know about a restaurant is
how to eat there.
If you have an FEC and are reading this you must be doing something right.
For a while, FECs were opening at a fast pace. The crash of a lot of deluxe
video games really woke up the industry that there must be more to an FEC than
the newest video game. So redemption entered the picture in a big way. Now we
see FECs with every kind of ticket, prize, crane, instant win and redemption
game on the charts. There is just a smattering of video, a few sports action
games and maybe a couple of pinball machines.
Does the E in your FEC stand for endangered or extinct? Adding a new game now
and then can be like a band aid. It may do something for the moment, but what is
your plan to keep your families entertained? If you already have the staples in
redemption, you are never going to move or sell them. You carefully add a couple
of new ones every year until you run out of room to add more. Maybe you buy one
year and take a year off from buying. What do you miss if you don't buy the
latest and greatest? You decide not to invest in your business. Most, if not
all, of that stuff is already paid for, so why go into debt?
If you can buy a Mad Wave Motion simulator and four to six lanes of Highway
66, that will go a long way to make your FEC more profitable and entertaining
for sure. They cost some money, and that is an investment. But look at the
long-term return they will earn.
Eventually, all roads lead to Brooklyn, at least for me. When I had an arcade
at Nellie Bly Amusement Park, I learned a lot of lessons. The park is truly a
family entertainment center. One packed Sunday afternoon, I was standing at the
snack bar with the legendary owner Gene Romano. Gene and I were both watching
the throngs of people having fun and playing in the midway. He looked at me and,
with that twinkle that was in his eye, said, "Jacky, look at all of these people
walking around with my money in their pockets." Wow, I thought, that was an
interesting thing to say. Then I immediately realized what it meant and how Gene
meant it. How can we find more ways to make our guests have fun while spending
more time and money here?
That's the form of a question that casino hosts take to the next level with
all kinds of wild wishes granted. Let's face it: In our world we should always
ask, "How can I get my customers to spend more money, have a great time and feel
that they got value for their money?" If they feel ripped off they will spend
less, and you will get less of that money in their pockets. By giving more, we
get more back. There is a formula to do that in every business, but the secret
is to do it with something that is unique, has perceived value and really costs
you very little. That becomes the little prize in the Cracker Jack box.
When our daughter Jen first started walking, I had to put child safety
latches on all of the kitchen and bathroom cabinets and drawers. I walked the
whole house on my knees to see what she would see and what she could get in.
Then I carefully eliminated hazards and anticipated what could cause a problem.
Now get on your knees and walk your business! Take a look at your FEC as a
kid, especially if that is your primary customer. Go play some of your games
with money you put in the change machine or buy that debit card with money from
your pocket. Assess what entertainment value you feel and what fun you had after
spending your own time and money. What kind of prizes did you win for the money
you spent? Forget the formulas the consultant or factory rep bragged about. What
did you get for what you spent? Did you have fun? Were you entertained? Would
you come back again?
If you need to make changes, make them. If you need to make an investment in
your business, in yourself and in your ability, make it. It's more than buying
just another game. If you will not take a chance on yourself, why should anyone
else? It's mid-year already and swinging into summer later this month. It's not
the time to lie in the sun yet.
Gene Romano is gone, and so is Nellie Bly Park that he built and loved
dearly. A new owner and a new park with a new name opened this season. Sometimes
the best ideas are the simplest. Gene is smiling down saying - "Jacky, lesson
well learned." The bottom line should be FFEC, Fun For Every Child - young or
old.
Jack Guarnieri started servicing electro-mechanical pinball machines in
1975 and has been involved in every phase of the coin-op game business since
then. He operated a substantial game route in Brooklyn, N.Y., developed
amusement centers and was called in as a consultant to manage Mondial
Distributing and State Sales in New Jersey. In 1999, he founded PinballSales.com
to sell coin-op to the home market. In 2002, he founded ShuffleAlley.com and
released the Parker Bohn III Pro Bowler game, reviving the shuffle alley. His
positive attitude, honest insights and opinions have made him a popular figure
in the trade. While managing and growing his businesses, he still consults
inside and outside the industry, and his marketing, promotional and business
management expertise are widely sought. He's very active in his church,
community and charitable causes as well. You can learn more at his websites (www.PinballSales.com
and www.ShuffleAlley.com) or by
phoning him at 866/323-JACK. Email is
Jack@Pinballsales.com.
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