Just like any other businesses, this business has its own crucial preparations and things to consider not just to start but make your paintball field business survive for years. Fortunately, this article focuses on the preparations needed and the benefits of starting your own paintball field business.
Invest in Business Plan
Before starting the paintball game field business, you must keep in mind that there are numerous things to consider. Business registration,permits, taxes and any documents and transactions required by the government. But aside from the paperworks, you need to have a deeper understanding on what you should consider first on your business. You will need to know your personal strength, capabilities, and desires to execute the plans.
- Capital–It is one of the main things that you must keep in mind for your business. In order to launch the business, you need the sufficient capital. According to experts, it is said that opening a paintball field/arena is estimated to climb up to approximately $50,000. Business licenses and insurance are in the range of $3,000 to $5,000 but is dependent on different states and their laws. The design and the field or arena itself also takes a huge amount of investment to operate.
After all these initial investments, you need to have available funds that are specially made for contingency as you operate your business. The success is not assured once the launch is done, there will be days or weeks that you might not earn money but your expenses such as rents and others are still running.
- The Field – You need to consider first if you are looking forward to buying or rent an indoor or outdoor arena. The average of space needed for an outdoorarena is 10,000 feet and the indoor arena may take a little less than that. The rent for this space may reach for an average approximate of $6,000 and may depend on real estate market price in different locations.
Although it is not cheap, investing to buy your field has its own benefits because you will not deal with future problems regarding the rent expenses. These choices depend on your capabilities so choose wisely.
- Equipment and Materials – Included here are the guns, ammunitions and the gears that your players need to use once they are in the game. You can start from a few numbers of equipment and it is helpful for you to ask for price quotations from different suppliers to choose from the best offers. Some of the entry-level semi-automatic or electro-mechanical paintball guns and required equipment for it costs in the range of $70-$100.
The possible largest equipment cost will be the air tank refill station because most of the guns needair and it will require air compressors in commercial size and can cost from $4,500 to $14,000. Additional medium and small sized air tanks will be needed to store and transfer the air to the paintball guns for use by the players. This investment will eventually pay-off as it is a must-have for every paintball field and is needed by every player.
- Target Market – the business must be located in an area that is easily accessible by the public, whether they might be professional or non-professional players. It is very important to consider the number of customers that can come at your playing field because this results in the number of your sales.
How Can You Earn Money from your Paintball Field?
Your investments will eventually pay off as you operate. One usual source of sales are the entrance fees to the field. A high number of customers that enters your field means higher sales. You can charge higher entrance fees if you have built the arena being spacious and is greatly designed and attracts many players.
Your equipment such as guns, gears, helmets, and masks can all be profitable through rent. New players don’t usually have their own guns and gears and it will be a huge opportunity to earn from your investments as they will be renting them. The prices of rents can vary depending on your offered equipment that ranges from the entry level to the professional level ones which cost higher than the others.
The large investment on the compressor and the air tanks will pay-off a sufficient amount of sales. The rent of the guns includes the cost for the air needed for to operate. The player’s guns will eventually run out and will need the refills. Players will approach your refill station for their paintball guns and pay for the refills for their guns and tanks. While the Non-players field can also be a source of sales from the air tanks because if they can access your location, numerous players can easily be your return customers for air tank refills.
Depending on your strategy and creativity you can create a number of offers for customers which will then lead to a high number of regular customers and higher sales. With all the proper preparations and eagerness, the launch and survival of your paintball arena business are within your reach.