Thursday, January 8, 2015

Skateparks Don't Have To Be A Stand-Alone Business

While most people reading this blog are interested in building or operating a skatepark, thinking about the opportunities that exist out there for recreation based businesses could allow for a more diverse market.  You often don't have to look very far to see that many public and some private places offer a skatepark as part of their park or complex.  Woodward Camps in PA is one example where skateboarding and extreme sports is just one of the several camps they offer.  The YMCA and their many parks around the nation is another example that comes to mind.  Both of these well respected businesses don't look to skateparks as their only source of revenue, but rather look to offer a park as part of a larger complex and a broader market.  As you look to either add a skatepark to your existing facility or start with a skatepark and build from there, consider companion areas that might make sense for your market, town, or facility.  If you have a large warehouse and a small skateboarding market, then utilizing part of the space for another business might make sense.  Whether you operate that or rent the space it could be a better to create something that fits with your market size, than something that is mostly empty due to limited numbers.  Adding a companion place like a bounce house, trampolines, go carts, basketball courts, or other entertainment type recreation facility could help bring customers in, utilize the space better, and help with cross selling.  This could be a good space where some in the family go to one side and the others go to the skatepark.  Careful design could also eliminate doubling staff as one check in area could allow for entrance to either part.  This would also be good for concessions to centralize operations so less people could serve both areas.  So as you are looking into your business plan, think about how you can monetize your space to the maximum effect.

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