Unless otherwise expressly stated, the following terms shall, for the purpose of these regulations have the meaning indicated: Words in the singular include the plural and those in the plural include the singular. The word "building" includes structure and shall be construed as if followed by the phrase "or part there of". The word "watercourse" includes channel, creek, ditch, dry run, spring, stream and river.
The purpose of this presentation is to seek start-up financing for capital investment in both equipment and location procurement.
Incorporated in Ohio, it seeks to be located in Summit County so as to be close to a major population center. Because the company is still in the preliminary phases, the availability of capital investment is a primary consideration. Markets and Products —The products used and the overall market strategy will closely follow that of other successful paintball field operations throughout the United States.
Products used will be industry standard, allowing for endorsement revenue for product placement and an incentive for paintball equipment companies to sponsor contests and events which will help draw in players from throughout the region.
All products will be viewed from a cost-benefit perspective, and will take into account factors such as safety, reliability, and price. The market targeted for development will be primarily young adults years of age, and the secondary market will be older adults years of age.
Objectives —The objective of Paintball Sport Palace is to develop an indoor and outdoor play field while generating revenue through field rental and admission.
Additionally, revenue will be developed from rental of paintball equipment, expendable supplies, and food concessions. These four revenue streams should make the initial investment profitable within its first year of operation and allow for a steadily increasing pool of income on a yearly basis, as the sport of paintball grows nationwide.
It is already a hundred million dollar business nationwide, with revenue, which continues to grow on an annual basis. Similar to bowling in some organizational aspects, a paintball service company provides rental space for players and equipment in a structured environment.
League play is not only possible, but strongly encouraged and a necessary component of building a profitable local business. Scores are kept and posted, and tournaments can be held in order to stimulate player activity and generate free publicity.
The largest fields in the country have hundreds, and even thousands, of players who participate in tournament style events and compete for prizes sponsored by savvy equipment manufacturers.
Other opportunities for revenue generation include selling constantly in-demand supplies: Concessions are another source of steady and significant revenue which, if properly managed, can lead to a sizeable profit margin. Location Considerations —For a paintball service company to be successful, it is absolutely imperative to offer both indoor and outdoor playing fields.
This is especially true in a state like Ohio, which has a variable climate.
Bookings and reservations are made far in advance. Not taking this factor into consideration will be highly detrimental to the success of the business.
Many other fields have had trouble retaining clientele without some sort of indoor facility to operate. This would normally mean that a location would be very expensive property to lease; however, this principle consideration is mitigated by the fact that a paintball playing field does not have to concern itself with aesthetics.
Playing locations are not decided on appearance, rather, the lack of aesthetics is just as appealing to most players, and a gruff atmosphere can enhance the "feel" of the game for many players.
Therefore, a large amount of capital that would ordinarily be spent improving the appearance of the facility can be saved and expended elsewhere. Fields throughout the United States are reporting record growth, and the need for fields is increasing, not decreasing.
As more seasoned players develop and move to various parts of the country, the overall number of participants continues to grow. Likewise, the longer the games are played and the longer people are exposed to the sport, the more that paintball becomes legitimized and the more that national advertising will be expended in the promotion of paintball.
Market Analysis Statewide —The market statewide is encouraging. Several fields have opened while two others have shut down. The primary reason for the shutdown of the two fields in the southern part of the state did not have to do with a lack of business, but instead had to do with local zoning requirements and the fact that these businesses were not being run in a professional manner.
The closest known competitor in the western part of the state is located in the Cincinnati area and, while it is fairly well known, it is not heavily advertised and players from this area only travel to this particular field infrequently.
Market Analysis Locally —The market locally consists of one competitor. Located in the southwest quadrant of the city, this competitor is chiefly an indoor arena. There is no room for expansion nor for any large-scale redesign of the playing field, which is an essential element of field design.Ocala Development - Ocala Land for Sale.
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This plan's lengthy exploration of the business development leaves little question about the direction of the endeavor. All aspects of the necessary tasks to get the business started are covered and the entrepreneur's absence of salary emphasizes his commitment to profitability.