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Re: User-65225 post# 15707

Friday, 04/28/2017 12:08:56 PM

Friday, April 28, 2017 12:08:56 PM

Post# of 346538
Snakes DD: The previous year (while still private) Snakes & Lattes made $7,370,000 CAD... if we convert to US dollars we get...

$5,512,959 US dollars

... and they reported $1,542,389 (US Dollars) last quarter, which puts them on pace for...

$6,169,556 over the next year... not including location #3 + exclusive distribution deals + GROzone JV/contracts + Interloc-Kings + possible 10-15 location Cineplex deal/distribution, Franchising, etc

Also, during the warmer months, they open their outdoor seating, which should make the quarters even stronger... It is common for Snakes to pack EVERY table, with most of them being 4+ people, so no doubt the outdoor seating helps

The picture below is a common evening at snakes. Notice how full the tables get, even the one table in the front (with 2 people) has 8 drinks on it, so its packed as well...Theres a reason why the biggest complaint about snakes is the seating/wait times, which is a good problem to have! Every player pays to play games, on top of food/drinks... and they sell the board games as well (retailer)...

Click on the picture to blow it up, look for empty seats. lol... That one table on the left (1 back from the front table) has 8 people squeezing in. theres four chairs + the bench... wall to wall packed! $$$


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