Starting a roller skating rink can be a very lucrative business, especially if it’s in a severely underserved area. Roller skating is kinda having a revival right now, and if you start your business and market it the right way, you get a great return on your investment pretty fast. In this article, we’re going to give you the steps you’ll need to take to make sure that you start your business on strong foundations.
Start with a Plan
First of all, you need to have a solid business plan in place before you get started. This plan should include things like your target market, initial costs, and how long you plan to wait until you can break even, among other things. You should also start thinking of marketing strategies, logos, and what name you’re going to choose as well.
It would also be a good time to start looking around at your competitors if you have any, to see what they’re doing right and where they could improve. Also, check what differentiates their product offering and how much they are charging as well.
Find a Suitable Location
Next, you’ll have to start looking for a good location for your rink. Ideally, you should go with a location that already had a skating rink before. This will make the process much easier. If you can’t find one, then make sure you pick a location with a big enough parking lot to accommodate your clients. The floors will need to be made of hardwood if you want to cater to pro skaters. Outer floors, however, don’t need to be made of wood.
Look for a Good Accountant
Choosing a reliable accountant is also very important if you’re going to start a skating rink. They will be more familiar with the different rules and regulations regarding your business and will be able to tell you which specific taxes you have to pay.
You may also start to look for financing if you don’t have the necessary funds on hand to get started. You can start with your own bank if you have a good relationship with them. You should also make sure that you open an official business account and consider applying for a business credit card.
Hire Staff and Buy Equipment
Now, you’ll have to start looking for staff for your business. Go with people with a significant interest in roller skating and who know how to skate themselves, preferably. You should also start looking for equipment for your business.
This will include things like benches, bleachers, lockers, office furniture, a phone system, and of course, quality roller skates. Make sure that you buy the best roller skates possible without blowing your budget if you want your clients to be satisfied and reduce the chances for injuries. Also, make sure that you buy a variety of different skates for different activities if you’re going to cater to different audiences.
Starting a skating rink can be a really fun and profitable business if done the right way. Make sure that you follow this step by step guide if you want to have success as a skating rink operator.