Play Meter

Issue: 1978 June 15 - Vol 4 Num 11

serviceable for our industry. We worked for about
three years developing a program. But, I should
point out that the program that's appropriate for
me and my management style may not fit in for the
existing system that has evolved for another
operator. In this business, there is no one formula
for success. There are so many variables that you
try to measure in a location's productivity and your
route's productivity. It's very difficult to come up
with a canned formula for success.
PLAY METER: What functions does your data
processing service carry out?
LONDON: The data processing service balances
the cash each week. In essence, it's distributing all
our collections in various pigeonholes which we can
restate in many ways. If we have, let's say, a
collection of one hundred dollars on a jukebox, it
can distribute that money-location's share,
operator's share, taxes, sales tax, ASCAP. All that
money is distributed and balanced by the individual
collection; then it's reported in various ways. Now,
it's reported on our video screen as a location
collection. We produce once a month a report on
type of machine collections. In other words, all the
phonographs of that model will state all of the
collections for that certain period and what we
averaged on those phonographs. That way I can tell
when a machine starts to give me problems, when I
can't keep it on location anymore. I also have to look
at service expenses, too. Also, we're in the process
of installing meters on everything. So the data
processing gives us a comparison to a meter
"When we get to profitability of a particular
machine, we do try to put a weekly service cost to
it ... In other UJords, you have a piece of equipment
and you can find out what is your minimum, what
you must get out of this piece of equipment."
10
reading. It gives us an over and short picture. That
is primarily what it does. It gives me a weekly
report on whether the individual routes are over or
under a thirteen-week average. And how do they
compare to a one-year average. So I can start
watching some trends. We also keep track of
refunds this way. I can watch how much the
collectors are giving away.
PLAY METER: What does this all involve to get it
on a computer?
LONDON: We don't keypunch anymore. We used
to. Our input is done by an on-line terminal, and
every night my radio dispatcher feeds it in via the
terminal directly to the computer. We have an
alpha-numeric keyboard and a video screen. We
don't have a printout right now, just a screen,
though we may go into a printout later on. So far
they have been too expensive, though there's
finally one available at a reasonable price . I can get
one for about $84 a month. It's a slow job, but I can
set that thing up so that it will print all night, and
I'll have all the information in the morning.
PLA Y METER: What does it cost you to run this
computer?
LONDON: About $750 a month. It would take
about three people to produce the information the
computer does , though.
PLA Y METER: Have you noticed any part of your
route declining as opposed to last year's collections?
LONDON: In general business trends, yes, we're
down a little this year. The decline is not
substantial so it's very difficult to pinpoint. It's in
all equipment, music and games. It's probably a
combination of factors, but definitely one factor is
that our marketing area has been hit with a lot of
location buying. That's one portion of the problem,
location selling. It comes in spurts, and the mature
operator can weather these storms because the
proven way to success in the long run is through an
operator and service . It's as close to full potential as
you can get. When the locations buy their own
equipment, they deprecate the value of that
equipment by not maintaining it properly, by not
changing it on a timely basis, hence collections
drop, and quite frequently they are unable to make
payments on the equipment.
PLAY METER: You mentioned something about
service. Do you keep track of the costs that are
involved there?
LONDON: We're radio-dispatched , we have
timecards, and every serviceman has a worksheet.
Each man has got to account for his full time period.
What we do is take the amount of time each man
spends on service at specific locations, and we
apportion it to these routes. That way we can
evaluate the productivity of the route. We know
how much it costs us to maintain the routes, both
collection and service costs. I'm talking here mostly
about labor and automobiles.
PLAY METER: Do you know what your spending
on service-per-machine is?
PLAY METER , June, 1978.
LONDON: We have never broken it down that
way. We have the input to do it, but I have never
found the need to worry about what service per
machine costs down to the penny. When we get to
profitability of a particular machine, though, we do
try to put a weekly service cost to it. But it's done in
a more general sense. In other words, you have a
piece of equipment and you can find out what is
your minimum, what you must get out of this piece
of equipment. And with that we'll come up with a
cost of ten, twenty, thirty dollars a week. And the
labor is already apportioned in, but it's all done on
an individual basis. Also, our specific knowledge
enters into it; for instance, a pool table requires a
certain amount of labor, and we crank in so many
changes of cloth per year at a certain price. How
many service stops are we making at that location?
That's also a factor. And there are other
considerations; are collections made at this location
weekly or every two weeks? That way I come up
with minimums on my routes, and I follow that
through further with data processing to produce
productivity reports on every location. By putting
our minimum figures on every piece we have on the
route, we can get back in productivity reports on
how every machine in every location is doing. Then
if a location has six pieces of equipment in it, we can
add up those minimums, and compare it to the
actual six-week average we just generated, and we
can see if the average is over or under. If it's under,
we start looking for the weakness. It may be one
machine out of the six. And that tells us that the
spot is a trifle over-equipped. And we have to pull
t hat machine out. Now, I try to do that anywhere
from one to three times a year. That basically is
how we crank in labor costs.

cOin
operated
systems






GREENWALD
Comet Co in Chute
Coin Meters
Coin Chutes
Locks
Timers
Rotary Switches
Custom Designs
GREENWALD IttDlJSmlES
13.0 METROPOLI TAN AVE , BROOKLYN , N Y 11 237 ' TEL 21 24 56-6900
TELEX 1 2281
CABLE ADDRESS GREENCOINS NV
PLAY METER: Have you ever computed a rate of
return on your investment?
LONDON: I have all kinds of ratios that I generate
to let me know what I'm netting on what I've
invested.
PLAY METER: What's an acceptable rate of return
on working capital for you before taxes?
LONDON: If after everything, an operator's return
on everything was ten percent, then I should think
he should be happy. It's an acceptable figure,
considering the risks and the vagaries of the
business. But when you start getting two, three,
four percent, that's bad. But then again, you have
to consider what the operator's personal draw is.
Did he draw an excessive salary? If so, what would
it cost him in salary to replace himself. These are all
variables you have to take into account to
determine your return.
PLAY METER: By using these ratios, have you
had to eliminate locations?
LONDON: Yes, as painful as it is to give up
locations, we have done that. As a result of these
ratios and the profitability study I've made, I use
the data processing to produce the production
reports on the locations, and we will assign to the
sales department the responsibility of hitting as
many as twenty locations. We put these locations
PLAY METER, June, 1978
"That's what makes this machine different. It shoots back."
13

Download Page 10: PDF File | Image

Download Page 11 PDF File | Image

Future scanning projects are planned by the International Arcade Museum Library (IAML).

Pro Tip: You can flip pages on the issue easily by using the left and right arrow keys on your keyboard.