Harquebus Paintball is filed as an S-Corporation in the state of Delaware, with its headquarters located in Bombarde County, Ourstate. Company Ownership of HPI is listed below:
All employees are wonderful outgoing “people people” that are very hard working, creative, and work extremely well with others, constantly providing new ideas and concepts with a positive attitude to make the best out of whatever situation they get into.
Harquebus Paintball will provide the products it sells through its physical and online retail stores, and services will be provided through the physical retail store only.
In-Store Products :
The items for sale will be strategically placed throughout the store as “departments” in unique, high-tech looking glass cases or behind the counters as “display items.” If/when a customer likes the display item and decides to purchase it, he/she will take an “item ticket” (a UPC tag created for that item to be rung-up) to the checkout center to complete the purchase of the product(s), and a staff member will get the item(s) from the back (inventory) room and bring it to the valued customer. HPI believes that this will reduce shrink/theft, especially since a main portion of the audience will be children.
Online Products :
Items for sale in HPI’s online store will also be classified under “departments.” If/when a customer chooses to purchase an item he/she likes, they will add the product to their online shopping cart and “checkout.” The staff members working in the physical store location will check online orders every night, and fulfill those orders to be shipped out the next day.
In-Store Services :
Harquebus Paintball’s main market focus includes Bombarde County males, ages 12-24. Bombarde County demographics below:
Due to the age bracket (5-24) from the Bombarde County demographics, and Paintball’s (in general) age demographics (12-24), HPI has broken down the figure 86,074, which represents all males ages 5-24 that live in Bombarde County, and figured that there are approx. 4,530 males in each age bracket (ie: age 5, age 6, age 7, etc.). From there, HPI took 4,530 and multiplied it by the number of years in the general Paintball demos (12 years) which computes to 54,360 Bombarde County males between the ages of 12 and 24.
A simple paintball market study was conducted at various Bombarde County middle and high schools, and an approximate average for the number of males who play paintball and own a gun are 67 males per school. The estimation “67 males per school” was conceived by taking the average population of each school (2,000 students), and dividing it by the average classroom population (30 students), and during the study it was found that an average of one male per classroom owns a paintball gun and plays paintball persistently (at least once a month). There are approximately 32 middle/high schools in Bombarde County, which means there are about 2,144 paintball players in the Bombarde County area.
By taking the 9.4 million paintball players, dividing it by 50 (which represents the 50 States) and dividing that number by 66 (which represent the 66 counties in Ourstate), then you have an average of 2,848 paintballers per Ourstate county.
Major companies such as Nike, Adidas, and Vans are starting to enter the paintball market. Fox Sports and the Outdoor Network are also starting to bring paintball into their business as they host various paintball tournaments for viewing pleasure. There are currently only two paintball businesses in Bombarde County trying to win/gain/maintain customers of the same audience.
Consider these numbers reported by the NSGA and you will find, despite paintball’s popularity and age, that it is not far behind:
Harquebus Paintball’s target market will be Bombarde County males from the ages of 12-24. Based on the Bombarde County demographics (estimated 45% male) and HPI’s derived demographics as stated above (3.9% male paintballers), HPI’s products and services will be offered to an estimate of 2,144 Bombarde County paintballers.
The following table and chart depict the potential customers (HPI considers “potential” customers, people that enjoy/play the sport of paintball) with a conservative annual growth rate of 3%. The growth rate of paintball in general was 6% in 2000, 4% in 2001, 24% in 2002, 6.8% in 2003, and 28% in 2004.
Market Analysis | |||||||
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | |||
Potential Customers | Growth | CAGR | |||||
Paintball Players aged 12-18 | 3% | 2,144 | 2,208 | 2,274 | 2,342 | 2,412 | 2.99% |
Paintball Players over age 18 | 3% | 986 | 1,016 | 1,046 | 1,077 | 1,109 | 2.98% |
Total | 2.99% | 3,130 | 3,224 | 3,320 | 3,419 | 3,521 | 2.99% |
Harquebus Paintball chose the target audience of Bombarde County male paintballers, ages 12-24 because our products and services will be offered mainly to Bombarde County, and the paintball demographics are males between the ages of 12 and 24. HPI will create a public awareness message via radio, TV, and live remotes for approximately three weeks prior to grand opening to let HPI’s audience know about the opening of HPI.
Harquebus Paintball is in the industry of retail paintball products. There are two kinds of paintball retail businesses: Physical Paintball Dealers and Online Paintball Dealers:
The size and concentration of paintball retail centers in Bombarde County is extremely limited. There are currently only two small paintball retail centers in Bombarde County providing an extremely narrow range of products and brands. Harquebus Paintball’s goal is to turn the “cons” of the “Physical Paintball Dealers” into “pros.”
In the industry of retail paintball, there are a number of factors influencing purchases:
In Bombarde County, there is very little retail paintball competition. There are currently only two stores running a retail paintball operation, OPC (Ourstate Paintball Center) and Musketeer Paintball (ratings: 0-5; 5 = best):
HPI’s strategy and implementation are summarized in the following “to-do” list below:
HPI’s main objective for growth is to attract customers in Bombarde County by giving premier service, selection, sales, promotions, and prices.
The advantages Harquebus Paintball has over the competition are numerous:
Harquebus Paintball’s marketing strategy is to hit hard and fast, and will include the following, from three weeks before grand opening to approximately one week after grand opening:
These four strategies will be used to create public awareness of Harquebus Paintball’s grand opening, to drive customers to the store for the first time, to spread the word on how wonderful HPI is, and to keep the paintballers coming back, over and over again.
Harquebus Paintball’s survival will be riding on its wonderful savings and promotional opportunities, as well as its large product selection. Harquebus Paintball will gain/maintain customers through the following sales strategies*:
By offering a large product selection and these savings and promotional opportunities, HPI will be the premier retail paintball center throughout Bombarde County, if not the entire state .
* all sales strategies (sales and promotional activities) will be tailored to maintain a healthy profit margin.
HPI estimated a profit margin for each category (guns; hoppers; paintballs; etc), and an applied an estimated growth rate to the sales and the direct costs of sales. As you can see by the table and charts on the following pages, HPI estimates that total sales for the first year of business will be excellent, with the comfortable profit margin, but only a modest growth rate. HPI derived these estimates in the following manner:
HPI feels that the Paintball Evolution Theory is reasonable and reliable from the fact that nearly every paintballer switches out equipment/gear at least once a year due to the technological advances in product, the rapid depreciation of paintball equipment/gear, skill level advances in players, etc.
HPI believes that paintball games will continue to grow over the next several years, and may increase HPI’s overall growth rate. With the offering of a large product selection, sales, and promotions, HPI will sustain a continuously growing customer database which will allow the following sales projections to be realistic and true.
Limiting factors such as rain should not have a deep impact on day-to-day sales due to the fact that Musketeer’s paintball field is indoors. Other limiting factors, such as economic recession, may hurt HPI’s monthly sales due to the fact that paintball, like many other things, are items of want and not need (such as groceries).
* It is stated in the PET Theory that one case of paintballs will be purchased once a month: 1,072 players x 12 months x average paint price = Annual Paintball Revenue.
Sales Forecast | |||
Year 1 | Year 2 | Year 3 | |
Sales | |||
Guns | $453,184 | $475,843 | $499,635 |
Hoppers | $79,304 | $83,269 | $87,432 |
Paintballs | $679,782 | $720,569 | $763,803 |
Gun Upgrades | $226,598 | $240,194 | $254,606 |
Apparel | $453,184 | $466,779 | $480,783 |
Repairs | $22,664 | $23,797 | $24,987 |
Magazines | $5,669 | $5,726 | $5,783 |
Total Sales | $1,920,385 | $2,016,177 | $2,117,029 |
Direct Cost of Sales | Year 1 | Year 2 | Year 3 |
Guns | $339,888 | $343,287 | $346,720 |
Hoppers | $59,481 | $60,076 | $60,677 |
Paintballs | $509,837 | $514,935 | $520,084 |
Gun Upgrades | $169,946 | $171,645 | $173,361 |
Apparel | $339,891 | $343,290 | $346,723 |
Repairs | $9,395 | $9,489 | $9,584 |
Magazines | $4,249 | $4,291 | $4,334 |
Subtotal Direct Cost of Sales | $1,432,685 | $1,447,012 | $1,461,482 |
The following table represents important goals or “milestones” with their starting/ending dates, budget, manager in-charge, and the department for Harquebus Paintball. The table is sorted in ascending order by “start date.”
The first milestone will be the “soft” opening of the store. This will be the first day of opening. The next five milestones are for public awareness and to drive customers to the grand opening of the store. The Membership Promotion is for building a customer database and acquiring customer loyalty. The next three milestones are setup to further promote HPI’s wonderful savings opportunities with major sales.
More sales and promotions will be added at a later date, and current milestones can also be shifted to different dates if needed.
Milestones | |||||
Milestone | Start Date | End Date | Budget | Manager | Department |
Soft Opening | 4/1/2005 | 4/1/2005 | $0 | Padraich | Store |
Grand Opening Details | 3/26/2005 | 4/15/2005 | $0 | Padraich | Web |
TV and Radio Advertising | 3/27/2005 | 4/17/2005 | $40,000 | Dolores | Marketing |
Live Remote | 4/15/2005 | 4/15/2005 | $5,000 | Dolores | Marketing |
Grand Opening Sale | 4/15/2005 | 4/15/2005 | $0 | Geoffrey | Inventory |
Grand Opening Giveaway | 4/15/2005 | 4/15/2005 | $2,000 | Geoffrey | Inventory |
Membership Promotion | 4/15/2005 | 5/13/2005 | $0 | Padraich | Store |
Field Paint Promotion (Field Charge Refund) | 4/15/2005 | 5/13/2005 | $0 | Geoffrey | Inventory |
Apparel Sale: 7% Off | 4/22/2005 | 4/29/2005 | $0 | Geoffrey | Inventory |
Hopper Sale: 5% Off | 5/29/2005 | 5/6/2005 | $0 | Geoffrey | Inventory |
Web Phase 2: e-Store Sector Creation | 5/1/2005 | 6/30/2005 | $3,500 | Padraich | Web |
Gift Card Promotion | 5/1/2005 | 5/31/2005 | $0 | Padraich | Store |
Gun Sale: 5% Off | 5/1/2005 | 5/15/2005 | $0 | Geoffrey | Inventory |
Upgrades Sale: 5% Off | 11/20/2005 | 11/27/2005 | $0 | Geoffrey | Inventory |
Web Phase 2: e-Store Testing / Soft Opening | 7/1/2005 | 7/14/2005 | $0 | Padraich | Web |
Web Phase 2: e-Store Grand Opening Advertising | 7/15/2005 | 8/5/2005 | $10,000 | Dolores | Marketing |
Totals | $60,500 |
Harquebus Paintball’s website will be the perfect online companion for the physical store, as well as its online “home.” The HPI website will be an easy-to-navigate, secure, sleek, hi-tech, professional looking website with lots of user friendly features. The HPI website will go through three phases:
Harquebus Paintball’s website marketing strategy will be synchronized with the three Web plan phases:
HarquebusPaintball.com will require the following during the short-term phases:
Harquebus Paintball’s website will be designed by Padraich Petard. The website will be maintained by Kham Pholowyr and Padraich Petard daily. “Phase two” website features will include in-store pickup, user accounts, product availability, employee schedules, etc.
Harquebus Paintball will have a management team of four members. Each member of the HPI team will fulfill their specific job requirements and by working hard and together, HPI will achieve all of its goals. The HPI employee department setup will be as follows: Store, Inventory, and Service. Each department will have one manager in charge, and the possibility of employees. HPI’s department setup below:
HPI was founded by the Store and Inventory managers, Padraich Petard, Geoffrey Gunnar, and Petra Pistolero.
As you can see in the personnel table below, HPI is estimated to have seven employees at start-up: four managers, and three service clerks. Wages for service clerks were calculated by taking the weekly hours, dispersing equal amount of daily hours over a full week, multiplied by the number of days in each month, and multiplied again by hourly wage. The wage for the “Service Manager” was calculated in the manner described above, and subtracted by the average number of hours spent on gun repairs, which was an average of 20 per week, multiplied by the hourly wage. This expense is shown in the “Sales Forecast” table labeled as the “Direct Cost of Sales” for the repairs category.
Please note that the wages below are total dollars earned per month, without the appropriate taxes taken out. Taxes are estimated and labeled as an expense in the profit/loss table within this plan.
Personnel Plan | |||
Year 1 | Year 2 | Year 3 | |
Store Manager | $20,400 | $20,000 | $20,000 |
Asst. Store Manager | $20,400 | $20,000 | $20,000 |
Inventory Manager | $20,400 | $20,000 | $20,000 |
Service Manager | $10,404 | $12,000 | $12,000 |
Front Svc. Clerk | $9,772 | $10,424 | $11,075 |
Front Svc. Clerk | $9,772 | $10,424 | $11,075 |
Front Svc. Clerk | $9,772 | $10,424 | $11,075 |
Total People | 7 | 7 | 7 |
Total Payroll | $100,920 | $103,272 | $105,225 |
Harquebus Paintball’s start-up funding will include an investment made in the company by the owners, and a long-term SBA or commercial bank loan. HPI will achieve profitability in its first year of operations, and will sustain a slow, steady profit margin and a rapidly growing cash account with solid growth from the end of the first year’s operations to the end of the third year’s operations. HPI will continue this amazing growth via sales, promotions, product selection, the launching of new stores, distributor discounting, company franchising, etc.
The financials are projected out three years, but are based on the original store only. If actual results for each year play out at equal to or greater than projections, the available cash on hand will be used as seed capital for HPI’s expansion.
Harquebus Paintball has taken assumptions about the following:
All estimates and assumptions will be adjusted once HPI has been finalized and established.
General Assumptions | |||
Year 1 | Year 2 | Year 3 | |
Plan Month | 1 | 2 | 3 |
Current Interest Rate | 10.00% | 10.00% | 10.00% |
Long-term Interest Rate | 6.00% | 6.00% | 6.00% |
Tax Rate | 30.00% | 30.00% | 30.00% |
Other | 0 | 0 | 0 |
Padraich Petard, Geoffrey Gunnar and Petra Pistolero will each invest in Harquebus Paintball, Inc. Dolores Derringer and Claude Carabinerie will also each invest, but a lesser amount.
Harquebus Paintball will welcome additional investment form outside parties.
HPI will seek a long-term SBA loan through local Bigbucks Bank, which specializes in serving Bombarde County commerce.
Start-up Funding | |
Start-up Expenses to Fund | $95,336 |
Start-up Assets to Fund | $124,664 |
Total Funding Required | $220,000 |
Assets | |
Non-cash Assets from Start-up | $97,100 |
Cash Requirements from Start-up | $27,564 |
Additional Cash Raised | $0 |
Cash Balance on Starting Date | $27,564 |
Total Assets | $124,664 |
Liabilities and Capital | |
Liabilities | |
Current Borrowing | $0 |
Long-term Liabilities | $140,000 |
Accounts Payable (Outstanding Bills) | $0 |
Other Current Liabilities (interest-free) | $0 |
Total Liabilities | $140,000 |
Capital | |
Planned Investment | |
Petard | $20,000 |
Gunnar | $20,000 |
Pistolero | $20,000 |
Derringer | $10,000 |
Carabinerie | $10,000 |
Additional Investment Requirement | $0 |
Total Planned Investment | $80,000 |
Loss at Start-up (Start-up Expenses) | ($95,336) |
Total Capital | ($15,336) |
Total Capital and Liabilities | $124,664 |
Total Funding | $220,000 |
As shown in the table below, Harquebus Paintball estimates the number of units of $1 which must be sold (under the forecasted profit margin attributed to each item), to generate sufficient revenue monthly to break-even with its estimated monthly fixed costs (utilities, payroll, depreciation, etc.).
Break-even Analysis | |
Monthly Revenue Break-even | $74,192 |
Assumptions: | |
Average Percent Variable Cost | 75% |
Estimated Monthly Fixed Cost | $18,842 |
Shown in the following table and charts are projected profits and gross margins for the first year of operations.
Profits and losses are summed up below:
Pro Forma Profit and Loss | |||
Year 1 | Year 2 | Year 3 | |
Sales | $1,920,385 | $2,016,177 | $2,117,029 |
Direct Cost of Sales | $1,432,685 | $1,447,012 | $1,461,482 |
Other Costs of Goods | $0 | $0 | $0 |
Total Cost of Sales | $1,432,685 | $1,447,012 | $1,461,482 |
Gross Margin | $487,699 | $569,165 | $655,547 |
Gross Margin % | 25.40% | 28.23% | 30.97% |
Expenses | |||
Payroll | $100,920 | $103,272 | $105,225 |
Sales and Marketing and Other Expenses | $78,000 | $78,000 | $78,000 |
Depreciation | $600 | $600 | $600 |
Rent | $32,607 | $32,607 | $32,607 |
Utilities | $4,800 | $4,800 | $4,800 |
Insurance | $1,128 | $1,128 | $1,128 |
Payroll Taxes | $6,845 | $7,286 | $7,732 |
Website | $1,200 | $1,500 | $1,500 |
Other | $0 | $0 | $0 |
Total Operating Expenses | $226,100 | $229,192 | $231,592 |
Profit Before Interest and Taxes | $261,599 | $339,973 | $423,955 |
EBITDA | $262,199 | $340,573 | $424,555 |
Interest Expense | $7,658 | $6,126 | $4,500 |
Taxes Incurred | $76,183 | $100,154 | $125,836 |
Net Profit | $177,759 | $233,693 | $293,618 |
Net Profit/Sales | 9.26% | 11.59% | 13.87% |
Harquebus Paintball demonstrates its projected cash flow in the table and chart shown on the following pages.
Pro Forma Cash Flow | |||
Year 1 | Year 2 | Year 3 | |
Cash Received | |||
Cash from Operations | |||
Cash Sales | $1,920,385 | $2,016,177 | $2,117,029 |
Subtotal Cash from Operations | $1,920,385 | $2,016,177 | $2,117,029 |
Additional Cash Received | |||
Sales Tax, VAT, HST/GST Received | $134,427 | $141,132 | $148,192 |
New Current Borrowing | $0 | $0 | $0 |
New Other Liabilities (interest-free) | $0 | $0 | $0 |
New Long-term Liabilities | $0 | $0 | $0 |
Sales of Other Current Assets | $0 | $0 | $0 |
Sales of Long-term Assets | $0 | $0 | $0 |
New Investment Received | $0 | $0 | $0 |
Subtotal Cash Received | $2,054,812 | $2,157,310 | $2,265,221 |
Expenditures | Year 1 | Year 2 | Year 3 |
Expenditures from Operations | |||
Cash Spending | $100,920 | $103,272 | $105,225 |
Bill Payments | $1,559,101 | $1,682,525 | $1,715,781 |
Subtotal Spent on Operations | $1,660,021 | $1,785,797 | $1,821,006 |
Additional Cash Spent | |||
Sales Tax, VAT, HST/GST Paid Out | $134,427 | $141,132 | $148,192 |
Principal Repayment of Current Borrowing | $0 | $0 | $0 |
Other Liabilities Principal Repayment | $0 | $0 | $0 |
Long-term Liabilities Principal Repayment | $24,750 | $26,300 | $27,900 |
Purchase Other Current Assets | $0 | $0 | $0 |
Purchase Long-term Assets | $0 | $0 | $0 |
Dividends | $0 | $0 | $0 |
Subtotal Cash Spent | $1,819,198 | $1,953,229 | $1,997,098 |
Net Cash Flow | $235,614 | $204,080 | $268,123 |
Cash Balance | $263,178 | $467,258 | $735,381 |
The balance sheet below represents Harquebus Paintball’s overall cash position through the years 2006-2008, only including the original store, as well as Internet sales. As shown in the table below, HPI’s “Net Worth” is projected to increase approximately exponentially from month one to the end of 2008. Harquebus Paintball does not project any trouble meeting its debt obligations as long as the specific goals and objectives mentioned earlier in this plan are achieved.
Pro Forma Balance Sheet | |||
Year 1 | Year 2 | Year 3 | |
Assets | |||
Current Assets | |||
Cash | $263,178 | $467,258 | $735,381 |
Inventory | $138,604 | $139,990 | $141,390 |
Other Current Assets | $12,100 | $12,100 | $12,100 |
Total Current Assets | $413,882 | $619,348 | $888,871 |
Long-term Assets | |||
Long-term Assets | $5,000 | $5,000 | $5,000 |
Accumulated Depreciation | $600 | $1,200 | $1,800 |
Total Long-term Assets | $4,400 | $3,800 | $3,200 |
Total Assets | $418,282 | $623,148 | $892,071 |
Liabilities and Capital | Year 1 | Year 2 | Year 3 |
Current Liabilities | |||
Accounts Payable | $140,609 | $138,082 | $141,286 |
Current Borrowing | $0 | $0 | $0 |
Other Current Liabilities | $0 | $0 | $0 |
Subtotal Current Liabilities | $140,609 | $138,082 | $141,286 |
Long-term Liabilities | $115,250 | $88,950 | $61,050 |
Total Liabilities | $255,859 | $227,032 | $202,336 |
Paid-in Capital | $80,000 | $80,000 | $80,000 |
Retained Earnings | ($95,336) | $82,423 | $316,116 |
Earnings | $177,759 | $233,693 | $293,618 |
Total Capital | $162,423 | $396,116 | $689,734 |
Total Liabilities and Capital | $418,282 | $623,148 | $892,071 |
Net Worth | $162,423 | $396,116 | $689,734 |
Harquebus Paintball’s projected business ratios are provided in the table below. HPI chose the Standard Industry Classification (SIC) code: Sporting goods and bicycle shops – 5941 as the closest match to its industry.
Ratio Analysis | ||||
Year 1 | Year 2 | Year 3 | Industry Profile | |
Sales Growth | 0.00% | 4.99% | 5.00% | -1.56% |
Percent of Total Assets | ||||
Inventory | 33.14% | 22.46% | 15.85% | 37.25% |
Other Current Assets | 2.89% | 1.94% | 1.36% | 28.41% |
Total Current Assets | 98.95% | 99.39% | 99.64% | 77.97% |
Long-term Assets | 1.05% | 0.61% | 0.36% | 22.03% |
Total Assets | 100.00% | 100.00% | 100.00% | 100.00% |
Current Liabilities | 33.62% | 22.16% | 15.84% | 33.29% |
Long-term Liabilities | 27.55% | 14.27% | 6.84% | 16.07% |
Total Liabilities | 61.17% | 36.43% | 22.68% | 49.36% |
Net Worth | 38.83% | 63.57% | 77.32% | 50.64% |
Percent of Sales | ||||
Sales | 100.00% | 100.00% | 100.00% | 100.00% |
Gross Margin | 25.40% | 28.23% | 30.97% | 32.06% |
Selling, General & Administrative Expenses | 8.24% | 7.98% | 7.72% | 16.24% |
Advertising Expenses | 0.00% | 0.00% | 0.00% | 1.62% |
Profit Before Interest and Taxes | 13.62% | 16.86% | 20.03% | 1.22% |
Main Ratios | ||||
Current | 2.94 | 4.49 | 6.29 | 2.01 |
Quick | 1.96 | 3.47 | 5.29 | 0.79 |
Total Debt to Total Assets | 61.17% | 36.43% | 22.68% | 56.78% |
Pre-tax Return on Net Worth | 156.35% | 84.28% | 60.81% | 2.79% |
Pre-tax Return on Assets | 60.71% | 53.57% | 47.02% | 6.45% |
Additional Ratios | Year 1 | Year 2 | Year 3 | |
Net Profit Margin | 9.26% | 11.59% | 13.87% | n.a |
Return on Equity | 109.44% | 59.00% | 42.57% | n.a |
Activity Ratios | ||||
Inventory Turnover | 10.91 | 10.39 | 10.39 | n.a |
Accounts Payable Turnover | 12.09 | 12.17 | 12.17 | n.a |
Payment Days | 27 | 30 | 30 | n.a |
Total Asset Turnover | 4.59 | 3.24 | 2.37 | n.a |
Debt Ratios | ||||
Debt to Net Worth | 1.58 | 0.57 | 0.29 | n.a |
Current Liab. to Liab. | 0.55 | 0.61 | 0.70 | n.a |
Liquidity Ratios | ||||
Net Working Capital | $273,273 | $481,266 | $747,584 | n.a |
Interest Coverage | 34.16 | 55.50 | 94.21 | n.a |
Additional Ratios | ||||
Assets to Sales | 0.22 | 0.31 | 0.42 | n.a |
Current Debt/Total Assets | 34% | 22% | 16% | n.a |
Acid Test | 1.96 | 3.47 | 5.29 | n.a |
Sales/Net Worth | 11.82 | 5.09 | 3.07 | n.a |
Dividend Payout | 0.00 | 0.00 | 0.00 | n.a |
Sales Forecast | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Sales | |||||||||||||
Guns | 1% | $35,733 | $36,090 | $36,451 | $36,816 | $37,184 | $37,556 | $37,931 | $38,311 | $38,694 | $39,081 | $39,471 | $39,866 |
Hoppers | 1% | $6,253 | $6,316 | $6,379 | $6,442 | $6,507 | $6,572 | $6,638 | $6,704 | $6,771 | $6,839 | $6,907 | $6,976 |
Paintballs | 1% | $53,600 | $54,136 | $54,677 | $55,224 | $55,776 | $56,334 | $56,897 | $57,466 | $58,041 | $58,622 | $59,208 | $59,800 |
Gun Upgrades | 1% | $17,867 | $18,046 | $18,226 | $18,408 | $18,592 | $18,778 | $18,966 | $19,156 | $19,347 | $19,541 | $19,736 | $19,934 |
Apparel | 1% | $35,733 | $36,090 | $36,451 | $36,816 | $37,184 | $37,556 | $37,931 | $38,311 | $38,694 | $39,081 | $39,471 | $39,866 |
Repairs | 1% | $1,787 | $1,805 | $1,823 | $1,841 | $1,860 | $1,878 | $1,897 | $1,916 | $1,935 | $1,954 | $1,974 | $1,994 |
Magazines | 1% | $447 | $451 | $456 | $461 | $465 | $470 | $474 | $479 | $484 | $489 | $494 | $499 |
Total Sales | $151,420 | $152,934 | $154,464 | $156,008 | $157,568 | $159,144 | $160,735 | $162,343 | $163,966 | $165,606 | $167,262 | $168,935 | |
Direct Cost of Sales | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
Guns | 1% | $26,800 | $27,068 | $27,338 | $27,612 | $27,888 | $28,167 | $28,448 | $28,733 | $29,020 | $29,310 | $29,604 | $29,900 |
Hoppers | 1% | $4,690 | $4,737 | $4,784 | $4,832 | $4,880 | $4,929 | $4,979 | $5,028 | $5,079 | $5,129 | $5,181 | $5,232 |
Paintballs | 1% | $40,200 | $40,602 | $41,008 | $41,418 | $41,832 | $42,251 | $42,673 | $43,100 | $43,531 | $43,966 | $44,406 | $44,850 |
Gun Upgrades | 1% | $13,400 | $13,534 | $13,669 | $13,806 | $13,944 | $14,084 | $14,224 | $14,367 | $14,510 | $14,655 | $14,802 | $14,950 |
Apparel | 1% | $26,800 | $27,068 | $27,339 | $27,612 | $27,888 | $28,167 | $28,449 | $28,733 | $29,021 | $29,311 | $29,604 | $29,900 |
Repairs | 1% | $772 | $798 | $772 | $798 | $798 | $772 | $798 | $772 | $798 | $798 | $721 | $798 |
Magazines | 1% | $335 | $338 | $342 | $345 | $349 | $352 | $356 | $359 | $363 | $366 | $370 | $374 |
Subtotal Direct Cost of Sales | $112,997 | $114,145 | $115,252 | $116,423 | $117,580 | $118,721 | $119,927 | $121,092 | $122,321 | $123,537 | $124,687 | $126,004 |
Personnel Plan | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Store Manager | 0% | $1,700 | $1,700 | $1,700 | $1,700 | $1,700 | $1,700 | $1,700 | $1,700 | $1,700 | $1,700 | $1,700 | $1,700 |
Asst. Store Manager | 0% | $1,700 | $1,700 | $1,700 | $1,700 | $1,700 | $1,700 | $1,700 | $1,700 | $1,700 | $1,700 | $1,700 | $1,700 |
Inventory Manager | 0% | $1,700 | $1,700 | $1,700 | $1,700 | $1,700 | $1,700 | $1,700 | $1,700 | $1,700 | $1,700 | $1,700 | $1,700 |
Service Manager | 0% | $867 | $867 | $867 | $867 | $867 | $867 | $867 | $867 | $867 | $867 | $867 | $867 |
Front Svc. Clerk | 0% | $803 | $830 | $803 | $830 | $830 | $803 | $830 | $803 | $830 | $830 | $750 | $830 |
Front Svc. Clerk | 0% | $803 | $830 | $803 | $830 | $830 | $803 | $830 | $803 | $830 | $830 | $750 | $830 |
Front Svc. Clerk | 0% | $803 | $830 | $803 | $830 | $830 | $803 | $830 | $803 | $830 | $830 | $750 | $830 |
Total People | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | |
Total Payroll | $8,376 | $8,457 | $8,376 | $8,457 | $8,457 | $8,376 | $8,457 | $8,376 | $8,457 | $8,457 | $8,217 | $8,457 |
General Assumptions | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Plan Month | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | |
Current Interest Rate | Current Interest Rate | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% |
Long-term Interest Rate | Long-term Interest Rate | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% |
Tax Rate | Tax Rate | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% |
Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Pro Forma Profit and Loss | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Sales | $151,420 | $152,934 | $154,464 | $156,008 | $157,568 | $159,144 | $160,735 | $162,343 | $163,966 | $165,606 | $167,262 | $168,935 | |
Direct Cost of Sales | $112,997 | $114,145 | $115,252 | $116,423 | $117,580 | $118,721 | $119,927 | $121,092 | $122,321 | $123,537 | $124,687 | $126,004 | |
Other Costs of Goods | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Total Cost of Sales | $112,997 | $114,145 | $115,252 | $116,423 | $117,580 | $118,721 | $119,927 | $121,092 | $122,321 | $123,537 | $124,687 | $126,004 | |
Gross Margin | $38,423 | $38,789 | $39,211 | $39,585 | $39,989 | $40,423 | $40,809 | $41,251 | $41,645 | $42,069 | $42,575 | $42,931 | |
Gross Margin % | 25.38% | 25.36% | 25.39% | 25.37% | 25.38% | 25.40% | 25.39% | 25.41% | 25.40% | 25.40% | 25.45% | 25.41% | |
Expenses | |||||||||||||
Payroll | $8,376 | $8,457 | $8,376 | $8,457 | $8,457 | $8,376 | $8,457 | $8,376 | $8,457 | $8,457 | $8,217 | $8,457 | |
Sales and Marketing and Other Expenses | $6,500 | $6,500 | $6,500 | $6,500 | $6,500 | $6,500 | $6,500 | $6,500 | $6,500 | $6,500 | $6,500 | $6,500 | |
Depreciation | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | |
Rent | $2,717 | $2,717 | $2,717 | $2,717 | $2,717 | $2,717 | $2,717 | $2,717 | $2,717 | $2,717 | $2,717 | $2,717 | |
Utilities | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | |
Insurance | $94 | $94 | $94 | $94 | $94 | $94 | $94 | $94 | $94 | $94 | $94 | $94 | |
Payroll Taxes | 20% | $562 | $581 | $568 | $581 | $581 | $562 | $581 | $562 | $581 | $581 | $525 | $581 |
Website | 15% | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 |
Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Total Operating Expenses | $18,799 | $18,899 | $18,805 | $18,899 | $18,899 | $18,799 | $18,899 | $18,799 | $18,899 | $18,899 | $18,603 | $18,899 | |
Profit Before Interest and Taxes | $19,624 | $19,890 | $20,406 | $20,686 | $21,090 | $21,623 | $21,909 | $22,451 | $22,746 | $23,170 | $23,972 | $24,032 | |
EBITDA | $19,674 | $19,940 | $20,456 | $20,736 | $21,140 | $21,673 | $21,959 | $22,501 | $22,796 | $23,220 | $24,022 | $24,082 | |
Interest Expense | $700 | $689 | $678 | $666 | $655 | $644 | $633 | $621 | $610 | $599 | $588 | $576 | |
Taxes Incurred | $5,677 | $5,760 | $5,918 | $6,006 | $6,130 | $6,294 | $6,383 | $6,549 | $6,641 | $6,771 | $7,015 | $7,037 | |
Net Profit | $13,247 | $13,441 | $13,810 | $14,014 | $14,304 | $14,686 | $14,894 | $15,281 | $15,495 | $15,800 | $16,369 | $16,419 | |
Net Profit/Sales | 8.75% | 8.79% | 8.94% | 8.98% | 9.08% | 9.23% | 9.27% | 9.41% | 9.45% | 9.54% | 9.79% | 9.72% |
Pro Forma Cash Flow | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Cash Received | |||||||||||||
Cash from Operations | |||||||||||||
Cash Sales | $151,420 | $152,934 | $154,464 | $156,008 | $157,568 | $159,144 | $160,735 | $162,343 | $163,966 | $165,606 | $167,262 | $168,935 | |
Subtotal Cash from Operations | $151,420 | $152,934 | $154,464 | $156,008 | $157,568 | $159,144 | $160,735 | $162,343 | $163,966 | $165,606 | $167,262 | $168,935 | |
Additional Cash Received | |||||||||||||
Sales Tax, VAT, HST/GST Received | 7.00% | $10,599 | $10,705 | $10,812 | $10,921 | $11,030 | $11,140 | $11,251 | $11,364 | $11,478 | $11,592 | $11,708 | $11,825 |
New Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
New Other Liabilities (interest-free) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
New Long-term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Sales of Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Sales of Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
New Investment Received | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Subtotal Cash Received | $162,019 | $163,640 | $165,276 | $166,929 | $168,598 | $170,284 | $171,987 | $173,707 | $175,444 | $177,198 | $178,970 | $180,760 | |
Expenditures | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
Expenditures from Operations | |||||||||||||
Cash Spending | $8,376 | $8,457 | $8,376 | $8,457 | $8,457 | $8,376 | $8,457 | $8,376 | $8,457 | $8,457 | $8,217 | $8,457 | |
Bill Payments | $5,801 | $172,651 | $132,289 | $133,490 | $134,817 | $136,071 | $137,334 | $138,702 | $139,964 | $141,360 | $142,677 | $143,943 | |
Subtotal Spent on Operations | $14,177 | $181,108 | $140,665 | $141,947 | $143,274 | $144,447 | $145,791 | $147,078 | $148,421 | $149,817 | $150,894 | $152,400 | |
Additional Cash Spent | |||||||||||||
Sales Tax, VAT, HST/GST Paid Out | $10,599 | $10,705 | $10,812 | $10,921 | $11,030 | $11,140 | $11,251 | $11,364 | $11,478 | $11,592 | $11,708 | $11,825 | |
Principal Repayment of Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Other Liabilities Principal Repayment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Long-term Liabilities Principal Repayment | $0 | $2,250 | $2,250 | $2,250 | $2,250 | $2,250 | $2,250 | $2,250 | $2,250 | $2,250 | $2,250 | $2,250 | |
Purchase Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Purchase Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Dividends | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Subtotal Cash Spent | $24,777 | $194,063 | $153,728 | $155,118 | $156,554 | $157,837 | $159,292 | $160,692 | $162,149 | $163,660 | $164,853 | $166,476 | |
Net Cash Flow | $137,243 | ($30,423) | $11,548 | $11,811 | $12,044 | $12,447 | $12,694 | $13,014 | $13,295 | $13,539 | $14,117 | $14,284 | |
Cash Balance | $164,807 | $134,383 | $145,932 | $157,743 | $169,787 | $182,234 | $194,928 | $207,942 | $221,237 | $234,776 | $248,894 | $263,178 |
Pro Forma Balance Sheet | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Assets | Starting Balances | ||||||||||||
Current Assets | |||||||||||||
Cash | $27,564 | $164,807 | $134,383 | $145,932 | $157,743 | $169,787 | $182,234 | $194,928 | $207,942 | $221,237 | $234,776 | $248,894 | $263,178 |
Inventory | $80,000 | $124,296 | $125,559 | $126,778 | $128,066 | $129,337 | $130,593 | $131,920 | $133,201 | $134,553 | $135,890 | $137,155 | $138,604 |
Other Current Assets | $12,100 | $12,100 | $12,100 | $12,100 | $12,100 | $12,100 | $12,100 | $12,100 | $12,100 | $12,100 | $12,100 | $12,100 | $12,100 |
Total Current Assets | $119,664 | $301,203 | $272,043 | $284,809 | $297,908 | $311,224 | $324,927 | $338,948 | $353,244 | $367,891 | $382,766 | $398,149 | $413,882 |
Long-term Assets | |||||||||||||
Long-term Assets | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 |
Accumulated Depreciation | $0 | $50 | $100 | $150 | $200 | $250 | $300 | $350 | $400 | $450 | $500 | $550 | $600 |
Total Long-term Assets | $5,000 | $4,950 | $4,900 | $4,850 | $4,800 | $4,750 | $4,700 | $4,650 | $4,600 | $4,550 | $4,500 | $4,450 | $4,400 |
Total Assets | $124,664 | $306,153 | $276,943 | $289,659 | $302,708 | $315,974 | $329,627 | $343,598 | $357,844 | $372,441 | $387,266 | $402,599 | $418,282 |
Liabilities and Capital | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
Current Liabilities | |||||||||||||
Accounts Payable | $0 | $168,242 | $127,841 | $128,998 | $130,283 | $131,495 | $132,712 | $134,039 | $135,254 | $136,606 | $137,881 | $139,095 | $140,609 |
Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Other Current Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Subtotal Current Liabilities | $0 | $168,242 | $127,841 | $128,998 | $130,283 | $131,495 | $132,712 | $134,039 | $135,254 | $136,606 | $137,881 | $139,095 | $140,609 |
Long-term Liabilities | $140,000 | $140,000 | $137,750 | $135,500 | $133,250 | $131,000 | $128,750 | $126,500 | $124,250 | $122,000 | $119,750 | $117,500 | $115,250 |
Total Liabilities | $140,000 | $308,242 | $265,591 | $264,498 | $263,533 | $262,495 | $261,462 | $260,539 | $259,504 | $258,606 | $257,631 | $256,595 | $255,859 |
Paid-in Capital | $80,000 | $80,000 | $80,000 | $80,000 | $80,000 | $80,000 | $80,000 | $80,000 | $80,000 | $80,000 | $80,000 | $80,000 | $80,000 |
Retained Earnings | ($95,336) | ($95,336) | ($95,336) | ($95,336) | ($95,336) | ($95,336) | ($95,336) | ($95,336) | ($95,336) | ($95,336) | ($95,336) | ($95,336) | ($95,336) |
Earnings | $0 | $13,247 | $26,688 | $40,498 | $54,511 | $68,816 | $83,501 | $98,395 | $113,676 | $129,171 | $144,971 | $161,340 | $177,759 |
Total Capital | ($15,336) | ($2,089) | $11,352 | $25,162 | $39,175 | $53,480 | $68,165 | $83,059 | $98,340 | $113,835 | $129,635 | $146,004 | $162,423 |
Total Liabilities and Capital | $124,664 | $306,153 | $276,943 | $289,659 | $302,708 | $315,974 | $329,627 | $343,598 | $357,844 | $372,441 | $387,266 | $402,599 | $418,282 |
Net Worth | ($15,336) | ($2,089) | $11,352 | $25,162 | $39,175 | $53,480 | $68,165 | $83,059 | $98,340 | $113,835 | $129,635 | $146,004 | $162,423 |
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Want to start a paintball business but don’t know how? Learn how to start your paintball business from the ground up with these tips and guidelines on what to do first and who to contact. Paintball is a serious business even if it’s meant to give people a lot of laughs.
Did you know, According to a report by IBISWorld, the paintballing industry in the US generated $818 million in revenue in 2020. The industry is expected to grow at an annual rate of 1.3% from 2021 to 2026.To ensure that your paintball business doesn’t fall apart, here is everything you need to know.
Every business should have a business model. What’s a business model ? It’s the design of where you get your revenue, what drives costs, what are other sources of financing, what products and services you offer, and so on.
It’s like a blueprint of your business so this needs a lot of attention. Most businesses fail because they don’t realize that their costs will overshadow their revenue and there aren’t enough revenue streams.
When you think about your business model, make sure that you discuss this with your partners. All the input about how your business will be run is needed in this part. Sometimes, thinking about how your business will operate will take a few days.
Why not skip to the other steps? It’s always tempting to go ahead and rent out the location for your business. However, adding costs to your business without figuring out how you’re going to get the ROI is a little reckless. You don’t want to have a huge debt and then realize that your business model is not capable of getting an ROI early.
So while it is tempting to go ahead with other operational things, it’s always safe to build a business model first. That way, you get to ask what sources of income your business will have. And fortunately, a paintball business can have several sources of income like gear rental, paintball field rental, training, and merchandise.
Hate doing the financials? Then hire an accountant. In all honesty, it’s always better to hire a professional accountant who knows the ins and outs of taxes and books for corporations. There are also different tax implications depending on the type of business you have. If none of you in the team are accountants, then it’s best to consult a professional to help sort out your financials.
Wondering when you’ll ROI? This is where your accountant will be handy, too. Financial projections for the worst and ideal situations will also help you figure out how to better carry out your business plans. This will also prepare you for worst-case scenarios that you might not have anticipated when designing your business model.
Just like your financials, your legal matters should also get a lot of attention. After all, they will make or break your company and you don’t want to realize later on that you were missing a few licenses and insurances.
When it comes to legal matters, expect that it’s usually not straightforward. The law can be complex especially when it’s about businesses. To ensure that you are compliant with all the laws in your state, hire an attorney whose expertise is one corporation and business in your area.
Don’t know an attorney? A quick Google search will often do the trick. Simply type the kind of attorney you’re looking for and type your area or zip code. That will come up with a few choices. What you have to remember, though, is that you have to pick the right attorney. As much as possible, ask for recommendations from your friends and family if they know any attorney.
This is the more detailed part. A lot of people will find this difficult to do but in order to get an approximation of your future expenses, you need to list all assets and materials that you have to pay for. You can also call this budgeting phase because you’ll have to scout for quotations on offices, land, equipment, etc.
Starting with a detailed list of what you need is always better than just buying things right away the moment you think about them. Who knows, you might even get discounts from wholesale stores that sell a number of the items you need.
Why do you need to check your competitors? It’s not because you’re trying to copy them or spy on them, but it’s because you want to look at what they’re doing right and what they can improve on. Look at it as research on best practices for building a paintball business and then using the best practices on your business.
When you check your competitors, take notes on their location, the number of staff, working hours, rates, and marketing strategies. Just immersing yourself in this information will already give you an idea of what you can do to improve your business.
One of the best things that competitor research can do for you is give you an idea of how much they’re charging for the use of the gear and for one paintball game. Depending on your business model, you can think about having the same price, having a cheaper price, or a more expensive one. Of course, this is just a simplistic approach on how to do your pricing. It’s best to consider other factors, too such as operating costs to strike a balance with your rates.
Should you buy the land for your business or is it best to rent it out? While it’s a big portion of your monthly expenses, renting is usually a good strategy for your location. This is because buying land would either entail a loan or a large capital and if you aren’t sure about your long-term plans with the business, this might be too big an investment to make in your early stages.
If you’re thinking of renting the place, look for lots that are in your ideal location. They can be closed buildings or unused land. Whatever the state of the land is, make sure to strike conversations with the owners real quick. That way, you can start planning for construction if needed.
Since your business is paintball, don’t forget to check the zoning requirements of the location. There might be some conditions needed for paintball businesses or recreational businesses, in general, that was set up by the city or state.
Why would you want to look for outgoing staff when they’re already leaving a business that offers the same services as you? Even if they are already outgoing, that doesn’t mean that they do not want to work for your business. There are many reasons why they’re outgoing for a reason. Even if they have resigned, they might be looking for a change of scenery, compensation, or management.
Hiring people who have prior experience in working in a paintball business already know how it works – the operation, the schedule, and customer service. Instead of having to train people the very basics, you can just pick up from what they already know and train them in your own management style. That’s less effort on your end to train on the basics of a paintball business.
Of course, that doesn’t mean that you can’t hire new people that don’t have any paintball work experience. It is also good to have a few beginners in your team so that they can give a new perspective to the management and a new approach to customer service. Just make sure that the dynamics among your employees are also good.
Whether you’re renting or buying land, you will still have to do a few changes to your business location unless you are already using a location where the previous user was a paintball business. Nonetheless, the best thing for you to do is still design your location in the way that you want it. You’ll realize that there is more that need to be fixed as you think about the design.
How long does a construction stage last? What’s great with paintball fields is that you don’t need to construct bleachers and special flooring. You do, however, need to design the layout of the field. In other words, you won’t know how long construction will take if you don’t have a design in mind.
To speed things up, it’s better to hire a contractor that will help you change the whole layout. If you have an office set up there, consider using pre-fabricated structures so that it saves time and money.
Excited to start on your branding and visibility? This is where it all gets exciting. Just like any other part of your business, you have to plan this. A great marketing strategy is not just about making a site and making relevant content on your social media sites. For a paintball field in your area, it might not even be wise to start digital.
Most of the time, a paintball business will have to rely on word of mouth in their location to gain a few loyal customers. You can also start your social media presence or website simultaneously. Those that will hear about your business from other parts will want to look for you online, so it’s best to not neglect this part, too.
A marketing strategy is always adjusting and adapting, so it’s best to be agile for this one yet not be too spontaneous when thinking about the next plan of action.
Should you tell people you’re planning to build a paintball business? Of course! Once your construction is almost done, you can start getting the word out and telling people of your soft opening dates. That way, they can be excited enough that they spread the word to their friends and family.
If you’re having second thoughts about the opening dates or your planned opening is still a few months away, don’t mention your business just yet as this can give people false hopes. Although people from the neighborhood will definitely know that there’s a new paintball business coming to town, it’s best to keep the suspense and excitement up. If you tell people about your plans too early, they might forget about it by the time you open.
However, when your business is ready to go, don’t hold back in spreading the good news. Let people know about your business and invite them to try out your paintball games!
Starting a business is not easy. There’s a high chance that someone has told you that already and they’re right. Building a business from scratch, whatever type it is needs a lot of grit and discipline. Even if you’re with a team, it will still be challenging because you have more people to discuss with especially if that is the setup of your organization.
Don’t want to spend a lot of money? Well, if you haven’t realized it yet, that is almost impossible unless you have investors or donors. Either way, you will have to get used to handling a lot of money because that will be part of your daily thoughts. This is not to scare you at all, but it’s also your preparation for the reality that is business.
Keep in mind that if you haven’t started a business before, reading this won’t be enough to learn all the things you need to set everything right. You will need to consult with professionals and other people have started their own business in the area for you to know the specific laws that apply to you.
This list of what you should do is not the whole list. As with every business, there are things that you’ll discover as you go by and there are some that you can plan ahead. One thing’s for sure – when you plan ahead, there are a lot of things that you can anticipate and prepare for so that you can kickstart your business within budget and timeline.
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How To Start A Paintball Business? Paintball is one of the fastest-growing sports in the United States, and while it’s fun to play, it’s also a great business idea. For those who want to know how to start a paintball business, we’ve put together some tips for you. Learn what makes paintball such an exciting sport and how you can get involved in this action-packed activity.
As we all know, Paintball is one of the fastest-growing sports in the world, with 2.5 million people playing every year. It’s easy to see why it’s so popular. It’s a great way to have fun, get your adrenaline pumping, and meet new friends. When you have finished reading this article you will have learned how to start a paintball business in different steps.
One of the first things you should consider before starting a paintball business is the costs involved in starting a paintball business. Paintball is a game that involves a lot of equipment, which can get pricey. Paintballs, for example, can cost between $5 and $50 per 1,000. In that price range, you can easily spend between $200 and $500 on some disposable equipment.
Below, I will attempt to quickly provide the most simple, cost-effective way to start up your own paintball business.
Determine your win-loss ratio (W-L-R) In order to decide on a business model that is the best for you and your future goals, you need to know what kind of net profit you will make—here is where your W-L-R (win-loss ratio) comes into play.
You can kind of think of this as the amount of profit you are making on every paintball that you shoot . A 5-ball shebang can be a straightforward way to start up a whole team, but in order to cover the whole team, you would need to profit on at least 500 balls.
A paintball at a range of $5 per ball
Stock up on paintballs of different sizes ($4-per-ball) The next thing you need to learn is how to buy different sizes of paintballs , as these will reduce the headaches that you will face once you start going out and buying paintballs for your paintball teams.
Measure the appropriate diameter (mm) of the balls you will be using with a tape measure. You can physically see a ball in person, but if you don’t have access to one, use a ball-zapping device in order to see how close to an exact replica of a football original a ball is.
And don’t forget to buy balls that are.5%. This means that the diameter of the ball is at least 55.5mm (for those of you who like to count…) and contains at least 0.5 grams of lead per ball.
Figure out how much money you need to make every month, and how many people you’ll need to hire. If you’re not sure how many customers you’ll need to make your business profitable, think about how many customers you had in your last job or how many customers you had in your part-time business.
First of all, you need to find a suitable location for your paintball business. You should look for a place that’s easily accessible and has parking facilities. You should also find out if there are any rules or regulations in your area forbidding the use of paintball guns .
Bad locations:
Most notably, Florida and California are notorious for paintball bans. Most states have restrictions on the use of paintball guns or where the guns can be kept.
Celebrity locations:
There have been several celebrity paintballers: Everette Mount, Brian Burke, and Demetri Martin (to name a few).
Figure out the expenses related to operation Now that you’ve chosen a location, you’ll need to calculate the annual operating costs that you’ll have to incur in order to run your business. In other words, how much will your rentals cost and how many gas stations will you be able to patronize?
Your location:
Consider whether the location of your business makes a difference. Do you want a “studio” location that you have to walk to and run your business from, or perhaps a location that would be more convenient to restaurants?
In location:
Next, calculate the distance or walking for running your business. Your rentals should not be farther than 10 miles from your office or home base.
Determine the income
Next, calculate the rental income. Discard the rehab costs and vacancy costs. You will be setting aside all of your profits as profit for your rentals.
Let’s say you’ve chosen to start a business in Seattle, WA. You’ll need to calculate the rental income generated by your rentals. Your rental expenses will be the same as before: office rental, utilities, maintenance, and advertising.
Let’s say you choose to start a business in Austin, TX. You’ll need to calculate the rental income generated by your rentals. Your rental expenses will be the same as before: office rental, utilities, maintenance, and advertising.
Of course, you need to decide on a structure for your business. You’ll need to decide if you want to run your business as an individual, a partnership, a company limited by guarantee, a company limited by shares, a cooperative society, or a limited liability partnership.
If you’re already doing some of these things, now’s the time to bring them together and create a cohesive plan or strategy, so that you have clarity coming to the forefront when you start getting really serious about starting a business. An important part of deciding what your business costs is asking yourself how long you’re going to operate it for.
I’m not saying start every day of your life and then finish with a grand finale party; in reality, it’s probably more realistic to work for a few years at most and then be done. The important point is to minimize your costs upfront. For a paintball business, your main costs will most likely be your rent, insurance, and permits. However, you might have to shoot for discounts from the local governments where you live as well.
Combine the costs of a paintball business with the costs of your other investments Keep in mind that for this analysis, I’m comparing these costs with what they cost me before, so this will probably change a bit as the business gets bigger and runs into different costs.
The cost of renting a 4-square-foot space is:
The cost of insurance and taxes is:
So, if we subtracted the average of these … that’s $550/year. That’s 4596% more expensive than just renting my own space!
Adding in the cost of my business Internet Plan of $30/month adds another $150 to the business total. For simplicity, I’ll just call these new costs:
So, you have around $680 to start your initial investment in paintball. 1012% more expensive than just renting an empty 3×3 space! Despite the fact that your business is already making you double the money than before, it still doesn’t make financial sense financially.
To create a marketing plan for your paintball business, use the following steps:
1) Make a list of your target customers. The first step is to make a list of your target customers and potential customers. The list should include the age, sex, income level, and geographic locations of your customers.
2) Make a list of the benefits of paintball . These benefits include the great exposure you will have to potential customers, the fun nature of the sport, the skills needed to be successful, and the economic benefits of being in the paintball industry.
3) Make a list of the costs associated with starting a paintball business. This list should be based on the cost of purchasing your equipment, the costs of the paintball field rental, and the costs of purchases of goods to supply the paintball field.
4) Decide on the number of locations you wish to own and operate by spending the time to understand the demand for paintball in your market and determining the size of your paintball field.
You have decided upon the price and number of locations; now it is time to decide on the size of the field. A reasonable estimate may be to plant six balls of a six-inch diameter on the ground and only shoot one ball at a time for each location.
This size field may be purchased with your equipment and rentals bought on your own time and effort. If you decide on a six-inch diameter field, purchase three of the six-inch diameter balls, and your plan will be to hire a ball crew, travel to a local park, plant six balls of standard diameter, shoot all six of the balls at the six-inch diameter field, and then shoot all of them at the six-inch diameter field again. In a six-inch diameter playfield, you will have staked one ball every twelve yards to each of the six locations. A 48-inch nationwide playfield would have 32,000 staked balls and 32,000 balls to cover the yardage. Both brands of paintball, standard and Rate Limit, shoot only one ball of color at a time.
Oliver has been a paintball enthusiast since he first stepped on the field at just 11. He quickly joined clubs and teams all throughout New Hampshire! He started Paintball Hive to share his passion and knowledge with other paintball heads out there!
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Starting a paintball business involves selecting a suitable location, sourcing the necessary equipment, obtaining relevant licenses and permits, setting up safety measures, devising effective marketing strategies and potentially recruiting staff.
Are you an adrenaline junkie with a passion for strategic team sports? If so, starting a paintball business might be the perfect opportunity for you. Paintball is a thrilling and growing industry that attracts players of all ages and skill levels. In this blog post, we will guide you through the essential steps to launch your own paintball business successfully. From selecting a location to acquiring the necessary equipment, we’ll cover all the bases to help you create a thrilling and profitable venture in the exciting world of paintball. So, if you’re ready to turn your love for the game into a thriving business, keep reading to learn how to get started!
Step 1: market research.
The market research phase is crucial for any paintball business. It involves identifying your unique selling proposition, competition, target audience’s behavior, potential locations, industry trends, and necessary permits and licenses for your area.
Creating a thorough paintball business plan is essential as it outlines your goals, operations, revenue projections, funding sources, pricing, marketing strategy, and risk management, helping secure loans or investments.
To ensure the long-term sustainability of your business, it is crucial to calculate start-up costs, ongoing expenses, and forecast income. Based on these calculations, you can determine the financing needed, whether it be personal savings, loans, investments, or grants, forming a clear financial plan.
In addition to finding a spacious location and acquiring the required equipment, it is crucial to ensure that all equipment meets safety standards. This includes paintball markers, paint balls, safety gear, barriers, bunkers, and flag stations.
To legally operate a paintball business, it is crucial to apply for the required permits and licenses in your city and state. Consulting with a lawyer can help navigate this process and ensure compliance with all necessary regulations.
Securing appropriate insurance coverage is crucial for safeguarding your business from potential risks and liabilities. It is important to explore different insurance policies that provide comprehensive protection against participant injuries, equipment damage, workplace accidents, and business interruption.
It is crucial to hire a competent team that can handle safety instructions, equipment rentals, field supervision, and customer care to ensure smooth operations and customer safety. Properly training your staff is necessary.
Based on extensive market research, establish a highly competitive pricing system encompassing single game rates, group packages, equipment rentals, and supplementary offerings such as refreshments or event packages to cater to a diverse range of customer preferences.
To attract customers, create an effective marketing strategy comprising an intuitive website, active social media profiles, SEO techniques, both online/offline ads, community involvement via events, and loyalty programs for enhanced customer retention.
In addition to attracting initial customers and creating a buzz, hosting a grand opening event for your paintball business with local media and community members can also help build brand awareness, establish partnerships within the community, and generate positive word-of-mouth referrals.
Continuously assess overall performance, client and employee feedback, and marketing impact. Utilize this data to fine-tune business strategies and improve for sustained development.
In conclusion, starting a paintball business can be an exciting and rewarding venture. By following the steps outlined in this blog post, you can lay the foundation for a successful and profitable business in the paintball industry. Remember to conduct thorough market research, create a solid business plan, secure the necessary funding, and establish strong relationships with suppliers and customers. Additionally, investing in quality equipment and providing exceptional customer service will set your paintball business apart from the competition. With dedication, hard work, and a passion for the sport, you can turn your paintball business into a thriving enterprise. So don’t hesitate—take the first step towards creating your own paintball empire today!
…with step-by-step guidance to key business building tasks and 30+ lists with curated information.
By: Author Tony Martins Ajaero
Home » Business ideas » Sports Industry » Paintball Business
Do you want to start a paintball game center? If YES, here is a complete guide to starting a paintball game center business with NO money and no experience .
There are businesses that ordinarily may sound out of this world, but the truth remains that such businesses are able to give good returns on your investment. There are some games and amusement related business opportunities that an aspiring entrepreneur who lives in the united states can efficaciously start.
One of such businesses is a paintball game center. It is one business that has continued to yield profits because of the lucrative nature of the business and the legislature that still favors it. Hence, it wouldn’t be an over statement to say that the paintball or any gun and ammunition sports related business is a money spinner for those that engage in it.
Paintball is a game developed in the 1980s in which players eliminate opponents from play by hitting them with dye-filled, breakable, oil and gelatin paintballs or pellets, usually shot from a carbon dioxide or compressed air (Nitrogen) powered “paintball marker”.
The game is regularly played at a sporting level with organized competition involving major tournaments, professional teams, and players.
If you have decided to open a paintball game center, it is very important that you analyze the existing paintball game centers in and outside of your area. You would be required to check the existing competition, as well as know their strengths and weaknesses.
If you are serious about starting your own paintball game center business, all you need to do is read this article in order to be armed with all the information you need to start a business that would stand out at any time.
You can start your business from a small town in the United States and if you are consistent and creative, it wouldn’t be too long before your brand becomes a nationally recognized brand and your business network spreads across the length and breadth of the United States of America.
1. understand the industry.
The Paintball Fields industry consists of establishments that provide recreational paintball and other amusement services. Paintball is a sport in which players compete, either in teams or individually, to eliminate opponents by hitting them with gelatin capsules containing water soluble dye (i.e. paintballs) propelled from paintball guns.
In recent years, the industry’s growth, which was gaining serious momentum toward 2017, has gradually slowed. The industry initially benefited from renewed consumer disposable income early in the period, as well as a general surge in the sport’s popularity.
Changes in economic trends have been a key source of opportunity for the industry. Going forward, the industry revenue is projected to grow at an even slower rate than the previous half decade. Continual improvement in consumer confidence and increasing consumer spending rates will likely play an important role in the industry’s continuing pursuit of attracting new amateur and professional players.
The Paintball Fields industry is indeed a thriving industry in the United States of America and in some developed countries. Statistics has it that the Shooting Ranges industry in the United States of America is worth $3 billion, with an estimated growth rate of 4.1 percent.
There are about 4,186 registered and licensed paintball game center facilities scattered all across the United States. Paintball game centers are responsible for employing about 30,123 people. No company can boast of dominating the market; every player in the industry can comfortably compete in the industry.
A recent research publication released by IBISWorld shows that the Paintball Fields industry has a moderate level of capital intensity.
In 2017, industry operators typically invest $0.22 toward capital for every dollar invested in labor. The report further stated that the industry is predominantly labor-intensive, and workers perform many activities, including ticket selling, food and beverage sales, operation and the maintenance of the paintball fields and equipment.
However, the industry does require various capital investments including purchase of additional facilities, equipment and gear that can be rented to players. The report also shows that the industry’s capital intensity has decreased slightly since 2012, when industry operators spent an average of $0.24 on capital for every dollar spent on labor.
The Paintball Fields industry will continue to blossom because people and organizations (security related organizations) will not relent in ensuring that they and their staff members have the required skills needed to perform their duty especially for the purpose of security, hunting and sports.
Paintball technology is also used by military forces, law enforcement, paramilitary and security organizations to supplement military training, and it also plays a role in riot response, and non-lethal suppression of dangerous suspects.
Despite the fact that the industry seems over – regulated, there is still room big enough to accommodate aspiring entrepreneurs who intend opening their own paintball game center facilities. Over and above, paintball game center businesses all over the world are still enjoying good patronage particularly if they are well positioned and if they know how to network with stakeholders and reach out to their target market.
The demographic and psychographic composition of those who need the services of paintball game center facilities cut across businesses and individuals. Paintball technology is also used by military forces, law enforcement, paramilitary and security organizations to supplement military training hence the demographic composition of a paintball game center facility is all encompassing.
The truth is that when it comes to paintball game center facilities, there is indeed a wide range of available customers; every adult both male and female are potential clients.
So, if you are thinking of starting a paintball game center business, then you should make your target demographics all encompassing. It should include individuals, hunters, security companies, military forces, police, paramilitary, law enforcement agencies and every organization that own guns and firearms within the location where your company is located.
Most paintball game center facilities tend to carry out services that have to do with providing secured and safe facility where people practice, learn and play paintball game, and also operate general services carried out by a standard paintball game center facilities, that is why it seems that there are no niche areas in the industry.
But on the other hand, some facilities may decide to major in key or niche areas such as;
The truth is that no matter the level of competition in an industry, if you brand and promote your services or business properly, you will always make headway in the industry. Just ensure that you provide highly secured and safe paintball game center facility for your clients and you know how to attract and reach out to your target market.
But over and above, there are several paintball game center facilities scattered all around the United States of America. So, if you choose to open your own paintball game center facility in the United States, you will definitely meet stiff competitions amongst other players in the Paintball Fields industry and also other players in the alternative leisure and sports industry who also provide paintball game facilities in your city or country.
Besides, there are larger paintball game center facilities that determine the trends in the industry and you should be ready to compete with them for customers.
These are some of the leading paintball facilities in the United States of America and in the globe;
If you are looking towards successfully launching a business and maximizing profits, then you need to ensure that you get your economic and cost analysis right and try as much as possible to adopt best practices in the industry you choose to build a business in.
The business has been in existence for a while now and it is indeed a competitive business; as a matter of fact, you will come across several paintball game center facilities when you go out there sourcing for a facility where you can learn, practice and play paintball game.
So, if you are mapping out your economic and cost analysis, you should carry out thorough market survey and costing of the required amount needed to build a standard multipurpose paintball game center facility, purchase paintball mask, paintball marker, body armor (optional), paint grenades, compressed air or CO2 canisters, paintballs, hopper and also the cost to successfully run the business.
Over and above, if you are considering starting a paintball game center facility, then your concern should not be limited to the cost of registering the business, securing the required license, leasing and equipping the facility, purchasing paintball mask, paintball marker, body armor (optional), paint grenades, compressed air or CO2 canisters, paintballs, hopper, but also on branding and on how to build a robust clientele base.
The truth is that if you are able to build a robust clientele base and a far reaching business network, you are sure going to maximize profits in the business.
If you are looking towards starting a paintball game center facility, you would have to start from the very scratch because you can hardly get a franchise of a paintball game center facility to buy.
Besides, starting a paintball game center facility from the scratch is straightforward when compared to other businesses that have to do with ammunition and firearms which usually require detailed groundwork before launching the business.
With a paintball game center facility, you should just try as much as possible to get the right business license and permits, secure a standard facility, get the required tools and equipment, build business relationship with key stakeholders and then leverage on every marketing tool within your disposal especially the internet to market your services.
Please note that most of the big and successful paintball game center facilities around started from the scratch and they were able to build a solid business brand.
It takes dedication, hard work and determination to achieve business success and of course you can build your own paintball game center facility to become a successful brand with corporate and individual customers in your city and from all across the length and breadth of the United States of America.
If you decide to start your own paintball game center facility today, one of the major challenges you are likely going to face is the presence of well – established paintball game center facilities and other players in the alternate leisure and sports industry that also offer same services as you do. The only way to avoid this challenge is to create your own market.
Other challenges and threats that you may face are economic downturn and unfavorable government. There is nothing you can do as regards these threats and challenges other than to stay positive that things will work well for you.
You have the option of either choosing a general partnership, limited liability company which is commonly called an LLC, or even a sole proprietorship for a paintball game center facility.
Ordinarily, sole proprietorship should have been the ideal business structure for a small scale paintball game center facility especially if you are just starting out with a moderate start – up capital and covering just a city. But people prefer limited liability Company for some reasons.
As a matter of fact, if your intention is to grow the business and offer your services to customers all across your state and throughout the United States of America, then choosing sole proprietorship is not an option for you. Limited Liability Company, LLC or even general partnership will cut it for you.
Setting up an LLC protects you from personal liability. If anything goes wrong in the business, it is only the money that you invested into the limited liability company that will be at risk. It is not so for sole proprietorships and general partnerships.
Limited liability companies are simpler and more flexible to operate and you don’t need a board of directors, shareholders meetings and other managerial formalities.
These are some of the factors you should consider before choosing a legal entity for your paintball game center facility; limitation of personal liability, ease of transferability, admission of new owners, investors’ expectation and of course taxes.
If you take your time to critically study the various legal entities available for use for your paintball game center facility with the ability to offer your services to customers all across the city and state that you operate and throughout the United States of America via franchise, you will agree that limited liability company; an LLC is most suitable.
You can start this type of business as limited liability company (LLC) and in future convert it to a ‘C’ corporation or an ‘S’ corporation especially when you have the plans of going public.
When choosing a name for your business, you should be creative because whatever name you choose for your business will go a long way to create a perception of what the business represents. If you are considering starting your own paintball game center facility, here are some catchy names that you can choose from;
Here are some of the basic insurance covers that you should consider purchasing if you want to start your own paintball game center in the United States of America;
If you are considering starting your own paintball game center facility, usually you may not have any need to file for intellectual property protection/trademark.
This is because the nature of the business makes it possible for you to successfully run the business without having any cause to challenge anybody in court for illegally making use of your company’s intellectual properties. But if you just want to protect your company’s logo and other documents or software that are unique to you or even jingles and media production concepts, then you can go ahead to file for intellectual property protection.
If you want to register your trademark, you are expected to begin the process by filing an application with the USPTO. The final approval of your trademark is subject to the review of attorneys as required by USPTO.
Asides from your ability to give instructions as it relates to paintball games, practices and training; professional certification is one of the main reasons why some gun shooting range businesses stand out. If you want to make an impact in the paintball game center industry, you should work towards acquiring all the needed certifications in your area of specialization.
Certification validates your competency and shows that you are highly skilled, committed to your career, and up-to-date in this competitive market. These are some of the certifications you can work towards achieving if you want to run your own paintball game center facility;
Please note that you cannot successfully run a paintball game center facility in the United States and in most countries of the world without acquiring professional certifications and business license even if you have adequate experience cum background in the paintball game center industry.
The essence of having the necessary documentation in place before launching a business in the United States of America cannot be overemphasized. It is a fact that you cannot successfully run any business in the United States without the proper documentations.
If you do, it won’t be too long before the long hand of the law catches up with you. These are some of the basic legal documents that you are expected to have in place if you want to legally run your own paintball game center facility in the United States of America;
Starting a paintball game center facility can be capital intensive even if you choose to start on a small scale. If you choose to start the business on a large scale with a standard facility, and over a handful of full-time employees, then you would need to source for fund to finance the business because it is expensive to start a standard large scale paintball game center facility.
When it comes to financing a business, one of the first things and perhaps the major factor that you should consider is to write a good business plan .
If you have a good and workable business plan document in place, you may not have to labor yourself before convincing your bank, investors and your friends to invest in your business. Here are some of the options you can explore when sourcing for startup capital for your paintball game center facility;
Even though you can afford to start a paintball game facility from any part of the United States of America, when it comes to choosing a location for your paintball game center facility, the rule of thumb is that you should be guided by the ease of securing the required license in the location.
Of course, if you are able to start your paintball game center facility in the right location for such business, you won’t struggle to make headway with the business.
Before choosing a location for your paintball game center facility, ensure that you first conduct a thorough feasibility studies and market survey. The possibility of you coming across similar business that just closed shop in the location you want to open yours can’t be ruled out.
These are some of the key factors that you should consider before choosing a location for your paintball game center facility;
On the average, there are no special technology/equipment needed to run this type of business except for paintball mask, paintball marker, body armor (optional), paint grenades, compressed air or CO2 canisters, paintballs, hopper, inventory-management software and other relevant software applications.
You will also need computers, internet facility, telephone, fax machine and office furniture (chairs, tables, and shelves) amongst others and all these can be gotten as fairly used.
As regards leasing or outright purchase of a paintball game center facility, the choice is dependent on your financial standing, but the truth is that to be on the safe side, it is advisable to start off with a short term rent/lease while test running the business in the location. If things work out as planned, then you go on a long – term lease or outright purchase of the property.
When it comes to hiring employees for a standard paintball game center facility, you should make plans to hire a competent Chief Executive Officer/Manager (you can occupy this role), Admin and Human Resources Manager, Professional Paintball Games Instructors and Trainers, Sales and Marketing Officer, Accounting Clerk, and Front Desk Officer.
These are some of the key employees that you can work with. On the average, you will need a minimum of 5 to 10 key staff members to run a medium – scale but standard paintball game center facility.
Paintball is played with a potentially limitless variety of rules and variations which are specified before the game begins. The most elementary game rule is that players must attempt to accomplish a goal without being shot and marked with a paintball.
A number of different rules govern the legality of a hit, ranging from “anything counts” (hits cause elimination whether the paintball broke and left a mark or not) to the most common variation: the paintball must break and leave a mark the size of a US quarter or larger.
Eliminated players are expected to leave the field of play; eliminations may also earn the opposing team points. Depending on the agreed upon game rules, the player may return to the field and continue playing, or is eliminated from the game completely.
The business services process as it relates to a paintball game center is straightforward and in most cases clearly defined. It is the duty of professional paintball game instructors and trainers to help their clients acquire skills and knowledge of the game. They help their clients develop capability, capacity, productivity and performance as it relates to the game.
Once a client enrolls in the paintball game center facility, they agree on the end result of the training and the weeks or months required for the training. Contract document is signed, part payment made and the training commences as required. At the end of the training session, the client is accessed and when he or she is satisfied, the balance of the payment is made.
It is important to state that a paintball game center facility may decide to improvise or adopt any business process and structure that will guarantee them efficiency and flexibility; the above stated paintball game center facility business process is not cast on stone.
Running a business requires that you should be proactive when it comes to marketing your goods or services. If you choose to launch a paintball game center facility, then you must go all out to employ strategies that will help you attract customers or else you will struggle with the business because there are well-known brands determining the market direction of the paintball game center industry.
People and organizations will hire your services or make use of your facility if they know that they are going to get value for their money. Your marketing strategy should center on reliability, swiftness, safety, pricing, secured payment platform, and above all excellent customer service.
You should ensure that whenever your customers hire your services or make use of your facility, they will get excellent service and it will show in the skills they have acquired. The truth is that if you are able to put the above stated in place, you won’t struggle to retain your old customers and at the same time win over new customers.
Businesses this days are aware of the power of the internet which is why they will do all they can to maximize the internet to market their services.
In other words, a larger percentage of your marketing effort should be directed to internet users and your website should become your number one marketing tool. Here are some of the platforms you can utilize to market your paintball game center facility;
If your intention of starting a paintball game center facility is to grow the business beyond the city where you are going to be operating from to become a national and international brand, then you must be ready to spend money on promotion and advertisement of your brand.
No matter the industry you belong to, the truth is that the market is dynamic and it requires consistent brand awareness and promotion to continue to appeal to your target market. Here are the platforms you can leverage on to boost your brand awareness and create corporate identity for your paintball game center facility;
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Explore a real-world paintball facility business plan example and download a free template with this information to start writing your own business plan. ... Jungle Zone Paintball will build a paintball game facility in Raphael, WA. Service/products include an indoor/outdoor playing facilities, snack bar, rental shop, paintball sales and clean ...
5.2 Business Target. ZonerB comes into the market when paintball popularity is at its peak. This is a strategic time considering starting a paintball business when there's so much hype about the game is smart and strategic. Innovativeness is the major driving factor for the business as it seeks to use a unique business model and customer approach to distinguish itself from competitors.
Business Plan. Creating a comprehensive business plan is crucial for launching and running a successful paintball business. This plan serves as your roadmap, detailing your vision, operational strategies, and financial plan. It helps establish your paintball business's identity, navigate the competitive market, and secure funding for growth.
A paintball business is an enterprise that operates paintball facilities and provides paintball-related services and activities to customers. Paintball is a recreational shooting sport where players use air-powered guns (paintball markers) to shoot capsules filled with paint (paintballs) at each other. The objective of the game is to eliminate ...
The first step to establishing any business is to determine the investment cost. For the paintball business, the estimated start-up cost is somewhere between $30,000 and 90,000. It depends on factors like: Type of paintball arena you intend to open ( $10,000 - $20,000) Cost of land purchased or leased ($100 - $300)
Starting a paintball business requires a deep understanding of the gear your players need. Your business plan should include costs for essential equipment and supplies. These items are vital in creating an exciting and safe experience for your customers. Kitting Out Players. The right gear makes a game of paintball enjoyable and safe.
Startup costs for a paintball field range from $30,000 to $90,000. Costs include the land purchase or lease, field design and preparation, and paintball equipment. You'll need a handful of items to successfully launch your paintball business, including: Paintball guns. Paint.
Read on to learn how to turn your passion for paintball into a profitable business venture. 1. Research the Paintball Industry. Before diving into the world of paintball business, it is crucial to conduct thorough research on the industry. This will help you understand the market demand, competition, and trends.
Download this free paintball facility business plan template, with pre-filled examples, to create your own plan. Download Now Or plan with professional support in LivePlan. Save 50% today . Available formats: What you get with this template. A complete business plan. Text and financials are already filled out and ready for you to update. ...
Start a paintball field by following these 10 steps: Plan your Paintball Field. Form your Paintball Field into a Legal Entity. Register your Paintball Field for Taxes. Open a Business Bank Account & Credit Card. Set up Accounting for your Paintball Field. Get the Necessary Permits & Licenses for your Paintball Field.
Research your target market: You'll need to identify your target market to find a suitable location and determine the type of paintball experience you'll provide. Decide if you want to target families, corporate groups, or individuals. 2. Analyze your competition: Study your competitors' strengths and weaknesses.
A business plan typically includes the following sections: Executive Summary: Provides an overview of your business concept, target market, and financial projections. Company Description: Describes your indoor paintball business, its mission, and unique selling points. Market Analysis: Analyzes the target market, customer demographics, and ...
The executive summary, the first section of your paintball's business plan, serves as an inviting snapshot of your entire plan, leaving readers eager to know more about your business. To compose an effective executive summary, start with a concise introduction of your business, covering its name, concept, location, history, and unique aspects.
3. Understand the Costs of Starting a Paintball Business. Beginning your own paintball company requires hard work, dedication, and money. A large investment goes into this business model because it requires a large piece of property, bespoke equipment, and the correct insurance.
Building Your Paintball Business Plan. 7 June, 2024 Startups; Starting a Paintball Business. ... In terms of starting a paintball game center business, the costs can range from $2,254 to $37,876, with an average cost of $19,815 in 2024 (Starter Story). It's important to note that these costs can vary depending on factors such as location ...
Comprehensive Business Plan: Develop a detailed business plan encompassing mission statement, target market, location, marketing strategy, and operational protocols. Emphasis on Safety and ...
paintball business plan. If you love paintball and want to open your own commercial field, consider some things first. Paintball is a game, but operating a commercial paintball field is a business and should be treated as such by the people running it. The paintball business involves the operation of facilities that offer paintball games and ...
Explore a real-world paintball products retail business plan example and download a free template with this information to start writing your own business plan. Don't bother with copy and paste. ... "Paintball games" is the next big thing in the sporting industry. As the #1 sport for growth, paintball is up more than 84% to 9.4 million U.S ...
Just make sure that the dynamics among your employees are also good. 8. Plan the construction phase for the location. Whether you're renting or buying land, you will still have to do a few changes to your business location unless you are already using a location where the previous user was a paintball business.
This analysis helps in identifying your paintball business's unique selling points, essential for differentiating your business in a competitive market. In addition, the competitive analysis is integral in laying a solid foundation for your business plan. By examining various operational aspects of your competitors, you gain valuable ...
To create a marketing plan for your paintball business, use the following steps: 1) Make a list of your target customers. The first step is to make a list of your target customers and potential customers. The list should include the age, sex, income level, and geographic locations of your customers.
A Paintball Business is a recreational activity center that offers the opportunity for individuals or groups to play the game of paintball. The business
5. Decide Whether to Buy a Franchise or Start from Scratch. If you are looking towards starting a paintball game center facility, you would have to start from the very scratch because you can hardly get a franchise of a paintball game center facility to buy. Besides, starting a paintball game center facility from the scratch is straightforward ...
Keywords Studios Plc agreed to an offer from an EQT AB-led group that values the video game services company at about £2.1 billion ($2.5 billion), accepting a lower price after the video game ...