How to Write a Family Fun Center Business Plan
Family fun centers have been popping up across the US at an increasing pace over the last several years which is resulted in a continually growing demand for family fun center business plans, family fun center business plan templates, and family fun center pro forma financial projections.
There are numerous reasons for the increased demand for family fun centers. For example, our family fun center business plan writer has found that more and more people are seeking entertainment outdoors as compared to confined areas such as moving theaters. This social trend plays right into the wheelhouse of family fun centers which often provide activities outside such as go-carts, putt-putting, and batting cages.
No matter the reason for the continued growth in the family fun center industry, our family fun center business plan writer has found that business owners are continually needing family fun center business plans and business plan templates. From this, our businessman writer has come up with some tips and tricks for how to write family fun center business plans and pro forma financial projections.
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Executive Summary for a Family Fun Center Business Plan or Template.
The executive summary section for the family fun center business plan should include all of the typical information that’s provided in the executive summary like the name of the business, location, and legal structure of the business, whether it be sole proprietor, limited liability corporation, or corporation. Also, our family fun center business plan writer has found that for this industry, including a brief description of activities provided at the family fun center is an important characteristic to include in the segment. To illustrate, if the organization is going to have batting cages, arcades, and a snack shop, then make sure to list these items upfront in the executive summary.
Company Information and Location for a Family Fun Center Business Plan.
The company information section of the business plan, specifically, the location section, is an important aspect to provide a moderate to a substantial amount of detail. This is important because the location of the family fun center is often on a high-traffic road with substantial visibility from the road. Because of this expectation, if business owners are embracing this activity, then it needs to be identified and discussed in detail in the segment. However, if a family fun center business will not be on a major road, this is okay as well. However, business owners need to discuss why the location is better compared to a high-traffic highway.
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Popular Services offered by Family Fun Center Providers
Family fun centers typically offer a wide array of activities under one roof. Activities may include limited dining opportunities, arcades, virtual reality games, mini-golf, go-carts, and batting cages. Further, some family fun centers seek to differentiate themselves by providing complementary services such as birthday party activities as well as even in some instances VIP club memberships. When writing your services segment of the business plan, definitely list the services provided and also briefly discuss details about the important amenities offered. An example of this would be if the family fun center is providing adding cages, then identify how many batting cages will be available, types of batting machines, such as baseball or softball as well as fast or slow pitch. These details in your family fun center business plan will help readers envision how your center will look and feel from the perspective of customers.
Proforma Financial Projections for a Family Fun Center Company.
Pro forma financial projections for family fun centers all too often require a bit of creativity. For example, startup costs for a family fun center are often a bit hefty. This is because the organization is building several segments at one location which often requires different contractors and architectural designs. As a result, when our family fun center business plan writer sets up the startup cost segment of the business plan, we typically break up buildout costs into segments of the family fun center. To illustrate, we may have buildout costs for miniature golf separate from the batting cages, which would be separate from the buildout for the interior of the building. By providing a bit more details on the startup cost, the family fun center business owner is able to show how much each segment of the business will cost.
Hopefully, these insightful tips and tricks for writing a business plan were helpful. As always, if you need help with a business plan or financial projections, just send us an email or give us a call.
Author: Paul Borosky, Doctoral Candidate, MBA., Author
Owner of: Quality Business Plan, and Quality Business Consultant.
Date: 1/2/2022