I don't think this will work too well. Arcades are cool because you can walk in and see familiar games and jump right into playing. I think a place full of unknown games will end up like those movie theatres that cater towards indie movies. Nobody is ever there. The popcorn is stale because nobody ever orders it. Personally I would go to a place like that, but I am weird.
The only successful arcades are Chuck E Cheese and D&B. And they probably make most of their money from the food and drinks.
There is actually a cool arcade that is operating close to where I live. They opened up a few years ago where an arcade used to be back in the day. Overall they have a good game selection. I doubt they make any money though. Also the condition of most of the games are pretty rough, and for me that kills it. I have put money in machines only to find out the controls don't work right, machines get turned off so the high scores are gone. I set a personal best score on the Robotron there and was all happy to get the top spot. I came back later and the defaults were back up. Arcades are all about nostalgia, and it is hard to recreate the past.