Despite the sudden spike and rise of gaming consoles, nostalgia makes people keep buying arcade machines for sale in Singapore. Yep, the appeal of arcade games still persists up to date. These technological discoveries have been an all-time favourite among youth and even adults.
An arcade basketball machine, pinball, car racing machine, and the like used to be all the rage circa 90s, and they have recently made a comeback and their way into the limelight again. Although the maintenance and costs of these machines can cause a heavy dent in your wallet, it can be an efficient way to earn extra income. All it takes is some capital to purchase the machines.
Whether a pac man, a boxing arcade game, a car game, a capsule machine in Singapore, or others, here are some funding ideas and sources you can tap in to kickstart your arcade game room plan.
1. TRADITIONAL FUNDERS
An average pinball machine in Singapore can range from around SG$ 5,200 to SG$ 8,800. It isn’t easy to get that money in an instant. One speedy way to have that amount is through banks. These funders allow lenders to loan money in return for investment opportunities and profitable returns. However, the case here though is their restrictions. Most bankers want to see your level of financial commitment first before letting you borrow a loan or offering a loan to you and your business partners.
2. VENTURE CAPITAL FIRMS AND INVESTORS
Another way to get your hands on arcade machines for sale in Singapore is through investors and capital firms. These groups often look for businesses that could bring potential tangible value or work as a chain retail venture to get patented when the commerce reaches success.
3. PERSONAL NETWORK
If you’re using it, say you only need a capsule machine in Singapore for personal use, you may opt for your networks instead. You may consider pitching your plan and convincing your circle of influence, family, friends, or colleagues to invest in the opportunity. You may also ask your budding entrepreneurs if any of the people they know will capitalise. You will then use the gathered money as seed funding to complete your funds from the bank or other sources.
4. LEASE OPTIONS
Arcade machines for sale in Singapore can still come at a hefty cost, so another way to grab a hand is by looking for companies that offer lease options. Their propositions for capital expenses can range from SG$ 600 to SG$ 1,000, depending on your financial records, payment history, and credit checks.
5. SMALL BUSINESS ADMINISTRATION
The last funding source for your arcade machines for sale in Singapore is through an SBA (small business administration). They will give you a list of approved lending institutions to help your business find a source for the remaining balance in your total funds.
Good luck in finding funding! Ready to dive in and splurge for arcade machines for sale in Singapore? The Arcade People got you covered. Check their website today for more.
