Geek Chic goes belly up..

[garhkal]

Not sure who here has heard, but the company that makes good to great gaming tables for us gamers, has declared bankruptcy..

https://www.polygon.com/2017/6/19/15812486/geek-chic-out-of-business-game-tables

[Liam's Ghost]

I... can't imagine how any company would have considered $1400* gaming tables for a relatively small market would be a good idea.

*That is the low end model.

[RunandFindOut]

Don't ask me.  I built my gaming table from a sheet of heavy plywood some 2x4s and 4x4s with locking wheels on the bottom of the legs.  Also doubles as a workbench, cutting table, and woodworking table.  All for under $100.  I can't even imagine spending that much money on something like their product line.

[MadCapellan]

Somehow I suspect the world will make do without cherrywood, cloth-finished, dice-bumper rimmed tables with individual character sheet drawers & more custom accessory rails than a survivalist's AR-15. I can't imagine there was anywhere near the market for this sort of thing that they thought there was.

[Charlie 6]

I... can't imagine how any company would have considered $1400* gaming tables for a relatively small market would be a good idea.

*That is the low end model.

Well, Carolina Game Tables, BoardGameTables.com, GEEKNSON, Rathskellers, and most recently Uniquely Geek are recent joins to the market with tables exceeding the $1400 price.  Those prices are in line with dedicated dining tables from Pottery Barn or Ethan Allen that are smaller and less functional.  My wife was willing to concede a dining room style game table just for that reason.  She is not willing to indulge on a dual use work table in the rec room, however.  So I'm sticking with my two 2.5' x 6' folding tables on bed risers.  Still don't have a dining room table though.

However, both of us were surprised to see a 10 station Sultan table listed with a base price $28K.

[CrossfirePilot]

Saw them on Shark Tank, last year they had something like a million in revenue and -100K profit, don't know how long you can stay in business with numbers like that...

Anyway tried to get my CIO to buy one to replace a conference room table (he's an avid D&D player) though his quote was "no dice" don't know if he was quoting Fast Times at Ridgemont High or playing for a pun...

[Daryk]

$28K?? Wow... Carolina's "Tablezilla" can potentially seat 12, and isn't anywhere near that much...

[garhkal]

I... can't imagine how any company would have considered $1400* gaming tables for a relatively small market would be a good idea.

*That is the low end model.

Yea.  I've seen their booths for a few years now, at origins and gencon, and can't understand how anyone can blow that lot on just a table, when you could probably get a great dining table AND 6 chair set for half that price..

[ANS Kamas P81]

Well, Carolina Game Tables, BoardGameTables.com, GEEKNSON, Rathskellers, and most recently Uniquely Geek are recent joins to the market with tables exceeding the $1400 price.

So not only is the market nonexistantly small, there's five four separate providers for said microscopic order base.  Good job!

[Matti]

Yea.  I've seen their booths for a few years now, at origins and gencon, and can't understand how anyone can blow that lot on just a table, when you could probably get a great dining table AND 6 chair set for half that price..

And good number of BattleTech books, PDFs, and miniatures to go with it.

[Peter Smith]

The company seemed to be doing ok for years, until they bought a game company that was in financial troubles without looking too hard at their books.

[HobbesHurlbut]

The company seemed to be doing ok for years, until they bought a game company that was in financial troubles without looking too hard at their books.

Okay that makes more sense. Never absorb another company without looking it through. I mean it's always risky doing that because you're absorbing their debts and any possible money sink as well.