Alex What should be included in a business plan for a trampoline park?
A trampoline park business model will state what your company offers that is of value to customers in a way that sets you apart from competitors. It should also include startup costs, the sources of your finances, your marketing strategy and projected revenue and expenses.
When is a trampoline park is being negligent?
A trampoline park is being negligent when: There is irrelevant equipment littering the premises. There are exposed dangerous materials like sharp metals and toxic gas. The netting or padding is old or damaged. The facility is overcrowded. The facility is understaffed, and not enough people are monitoring the jumpers.
Do you need a license for an indoor trampoline park?
Certain state permits and licenses may be needed to operate an indoor trampoline park. Learn more about licensing requirements in your state by visiting SBA’s reference to state licenses and permits. Most businesses are required to collect sales tax on the goods or services they provide.
How does an indoor trampoline park increase revenue?
An indoor trampoline park business can increase its profitability by adding concessions and other forms of entertainment. Transforming a facility that’s exclusively dedicated to trampolines into one that’s a trampoline-focused family entertainment venue can double guests’ time in the park and increase revenue by as much as $1 million annually.
How to start an indoor trampoline park business?
There are two steps business owners can take to reduce their buildout costs slightly, although they can’t be completely eliminated. First, business owners should get quotes from multiple contractors. Business owners should contact several contractors that specialize in indoor trampoline parks and ask them to submit a bid.
What’s the profit margin for a trampoline park?
One trampoline park in California has a gross revenue of $2 million and a profit margin of 39 percent — which equates to an annual profit of $780,000. A business owner who opened a park in New Jersey expected a profit margin of 25 percent. How can you make your business more profitable?
How many indoor trampoline parks are there in the US?
Since then, the sport has grown quickly—and so has the indoor trampoline industry. In 2011, there were only between 35 and 45 indoor trampoline park businesses. Today, there are over 500 parks in just the United States—making this the fastest-growing segment of the out-of-home entertainment industry.
How big of a space do you need for a trampoline court?
On average, most trampoline parks in the U.S. are between 25,000 and 35,000 square feet. Overall, the trampoline court should occupy an average of 45 to 50 percent of the total square footage. With the extra space, you’ll have room for a lounge, bathrooms and other entertainment options if you wish to expand your business in the future.