Chris Koerner breaks down Bingo Loco, a millennial event that pulls $32,000 per night by charging $80 per person for entry, food, drinks, and extra cards. The model is cheap to copy and works for any nostalgia-based event: mini golf, arcade bars, karaoke, board games.
$80 per person
400 people per event
He first says $30,000 per night and then calculates about $32,000 per night
This business model never ceases to amaze me. Basically you take something old or boring and make it for millennials. This is called Bingo Loco and they make $30,000 per night doing bingo for millennials. Yeah, there's more stuff to it, but really it's just bingo for millennials. 30 bucks to get in, then you pay for food, then you pay for drinks, then you pay for more bingo cards. It shakes out to about 80 bucks per person, 400 people per event, $32,000 per night. You know anyone could copy this. You don't need a big budget, you just need a small venue. Get some friends together, keep it small, charge a little money and then expand from there. Go to ChatGPT, say hey, what millennial business ideas? Mini golf, arcade bars, board games, karaoke, drive in theater, throwback fitness stuff, slumber parties, craft night, paint nights. Extra Millennials charge way too much. Follow me for more business ideas like this.
