Trampoline business start-ups are overwhelming to think about. There are many what-ifs, but choose those that will stay for the long term and be passionate through the process.
However, entrepreneurs usually choose food, subscriptions, services, and items needed daily. But if your dream is to start a trampoline business, it is an intelligent choice.
But before anything else, think of the safety of your target market before setting up and the steps needed to start your trampoline park business successfully.
However, you can also franchise a trampoline park or purchase trampoline equipment for sale at a bargain price to lower the cost of a trampoline park.
Essential guidelines for trampoline business
If you have an idea, this may add up, other than parks. There are places where foot traffic attracts both children and adults.
Thus, you may decide if it is an indoor or outdoor trampoline business. To establish a successful trampoline park business, start by conducting market research and crafting a solid business plan.
Secure funding and find a suitable location with ample space.Â
The International Association of Trampoline Parks (IATP) recommends a minimum of 20,000 square feet of space to open a trampoline park.
However, the specific space requirements can vary depending on factors such as the layout of the park, the number and size of attractions, and local regulations.
Some larger trampoline parks may occupy up to 40,000 square feet or more to accommodate various attractions and activities.
When determining the appropriate space for a trampoline park, factors such as ceiling height, safety clearances, and zoning regulations must be considered.
Choose the best spot to set up where families mostly visit, such as residential areas, or the best possible idea is to consult the following:
Commercial Real Estate Agent
Get help from a commercial real estate agent to set up your trampoline business in the best location, considering factors like market trends, zoning regulations, and the availability of suitable properties.
Engineer/Architect
It’s wise to partner with experts to ensure your trampoline facility is designed and built safely and efficiently, meeting building codes and safety standards while maximizing space and functionality.
General Contractor
They manage the construction process for your trampoline business, coordinating various tasks such as obtaining permits and hiring subcontractors to ensure a smooth and prompt completion of your trampoline facility.
Design the layout for safety and engagement, obtain permits, and purchase quality equipment. Hire and train competent staff, implement strict safety protocols, and market the park effectively.
Prioritize excellent customer service and adapt based on feedback to ensure ongoing success.
Partner with knowledgeable individuals
To lessen the burden of setting up your dream trampoline business, it’s better to partner with someone with experience.
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But, these are individuals who have the mindset of an entrepreneur. Choosing a business partner doesn’t give you at most a percentage of the trust.
Be mindful of the person’s guts to thrive hard and committed.
Hire reliable and impressive employees
To recruit capable employees for your trampoline park, clearly define job roles and create detailed descriptions.
Advertise openings widely and screen resumes for relevant experience. Conduct interviews to assess skills and cultural fit while verifying credentials through background checks.
To attract and retain top talent, offer competitive compensation, comprehensive training, and opportunities for advancement. These steps will help you build a skilled and impressive team for your trampoline park.
Concepts of trampoline parks
There are many styles to set up, which can be mixed with adults and children or done separately. The concept will also vary with the location.
Always be cautious for the safety of your customers. Here are some standard recreational trampolines to add to your idea and perks to set up.
Recreational trampolines
- Designed for backyard or home use.
- Available in various sizes and shapes (round, rectangular, and oval).
- Typically have a weight capacity suitable for children and adults.
- Perks for adults: Fun outdoor activity, fitness, exercise, stress relief.
- Perks for children: Active play, motor skills development, coordination improvement.
Professional trampolines
- Designed for competitive trampoline sports and gymnastics.
- Have higher bounce capabilities and superior performance.
- Usually larger with a higher weight capacity.
- Perks for adults: Trampoline training for sports and competitions.
- Perks for Children: Training for aspiring athletes, skill development, improved body control.
In-ground trampolines
- Installed at ground level for a seamless appearance in the backyard.
- Offers a safer jumping surface with reduced fall height.
- Blends well with the surrounding landscape.
- Perks for adults: Aesthetic appeal, integration with landscaping, enhanced safety.
- Perks for children: Safe play, easy accessibility, natural integration into the backyard environment
Mini-trampoline
- Smaller trampolines are designed for indoor use.
- Often used for low-impact exercise and fitness routines.
- Portable and easy to store.
- Perks for adults: Convenient exercise options and low-impact cardio workouts.
- Perks for children: Indoor play and exercise, motor skill development, energy release during inclement weather.
Water trampolines
- Designed for use on water bodies like lakes, ponds, or pools.
- Floating trampolines with inflatable frames
- Often equipped with attached slides, climbing walls, or other water features.
- Perks for adults: Water-based recreation, fun with family and friends.
- Perks for children: Water-based play, jumping and splashing, summer entertainment.
How much does it cost to open a trampoline park?
Opening a trampoline park can cost between $500,000 and $1.5 million, depending on location and size.
Expenses include facility lease or purchase, equipment, safety features, insurance, permits, staffing, marketing, and miscellaneous costs.
Conducting extensive research and careful planning contribute to any venture’s success.
Efficient management of your trampoline park business
Implementing several key venue management systems is essential to run a trampoline park efficiently.
These include a booking and reservation system for scheduling visits and party packages, a point-of-sale (POS) system to handle payments, inventory, and sales tracking, and a waiver management system to store liability waivers digitally.
A staff scheduling system also ensures efficient shifts and task assignments, while a maintenance and safety inspection system schedules maintenance tasks and manages equipment repairs.
A customer relationship management (CRM) system helps manage customer information and interactions, while a reporting and analytics system tracks key metrics for data-driven decision-making.
Integrating these systems streamlines operations and enhances overall management effectiveness.
Safety equipment
Install safety enclosures around the trampolines to prevent users from falling off and provide additional protection.
Then, they are equipped with high-quality net material to refrain accidents, moreover, safety nets are installed in certain areas to minimize the risk of accidents or collisions further.
Also, invest in high-quality safety pads to cover the trampoline’s frame and springs, reducing the risk of injuries.
Legal structuring
The most important things to operate your business legally are a permit and the ideal legal team. Moreover, you can hire an outsourcer, but you must know the risks of outsourcing.
Thus, the trampoline business will depend on various factors, goals, laws, and regulations in your jurisdiction.
Consult an attorney or business expert to understand the legal issues and choose the best legal structure. These several reasons are essential:Â
Liability protection
Opting for a legal structure that protects a limited liability company (LLC) or corporation can shield your assets from business liabilities.
Moreover, in the event of lawsuits or debts, your personal savings, property, or other assets may be protected.
Legal compliance
Different legal structures have varying compliance requirements.
By choosing a suitable organizational system, individuals and businesses can follow applicable legal requirements, regulations, and reporting responsibilities.
This includes fulfilling obligations such as submitting tax returns and maintaining accurate corporate records.
Tax considerations
Each legal structure has its tax implications.
Some structures, like sole proprietorships or partnerships, may offer more straightforward tax reporting but do not provide specific tax advantages or deductions that corporations or LLCs may offer.
Consulting with a tax professional can help you understand each structure’s tax benefits and obligations.
Business credibility
Specific legal structures, such as corporations, can enhance your trampoline business’s credibility and professional image.
This can be beneficial when dealing with investors, partners, or potential customers.
Scalability and growth
Choosing a legal structure that supports growth and expansion can be advantageous depending on your long-term goals.
Structures like corporations or LLCs offer flexibility in raising capital, issuing shares, and transferring ownership.
Succession planning
Some legal structures provide better mechanisms for transferring ownership or planning for the succession of your trampoline business.
This can ensure a smooth transition during retirement, disability, or other circumstances.
Risk ManagementÂ
When setting up a trampoline business, always prepare for uncertainty. Above all, make sure clients are away from harm first.Â
Common challenges in the trampoline park business include safety concerns, liability risks, seasonality, competition, operational costs, regulatory compliance, and customer experience.
Implement strict safety protocols, obtain liability insurance, diversify revenue streams, differentiate offerings, optimize operational efficiency, stay informed about regulations, and deliver exceptional customer service to mitigate these challenges.
Aside from protecting the business from liabilities and lawsuits, you must build a positive reputation and trust.
Comply with the regulations, provide appropriate insurance coverage, and prepare staff for emergencies.
Therefore, in the trampoline business, effectively managing risks can create a safe environment, protect its financial and legal interests, and prioritize customer satisfaction and safety.
