Sports and recreation business plan

Whether you live in a small town or major city, you likely live around people who want to participate in enjoyable, safe recreational activities. Your business can also improve the health of people in your community by encouraging outdoor and physical activity. There are several things you should consider before getting started. Gain Experience To grow a thriving recreation business, it is helpful to have industry experience or relevant education.

Sports and recreation business plan

Asset management services for sport and recreation centers. The following is a brief description of the services offered during each stage: Budgeting - sports and recreation business plan standard for realistic and detailed financial projections are essential in developing the revenue and expense stream based on established business practice and historical data that provides the insight and information necessary to make wise choices related to "build to suit", turn-key, or lease options of real estate, buildings, and equipment - estimated construction and start-up costs, program revenue and expenses, operating expenses, debt service and funding expenses, and much more.

Feasibility Study - Many groups debate the need to conduct a feasibility and market study for their indoor or outdoor sports facility or community recreation center development.

A well designed and researched feasibility study should be able to project participation rates, pricing, revenue and expenses, and a variety of other indicators to success. Using specific financial projections, space requirements, construction and start-up cost estimates, the proposed organiz- ational chart, the financing model, and competition analysis will produce a comprehensive and conservative sports facility feasibility study or recreation center market study and feasibility study.

Such a document will address the factors that drive success for these types of operations and identify the leading causes of failure so these problems can be avoided or mitigated. Economic Impact Studies for community recreation and sports complexes that seek to use public funds often require an economic impact study.

An Economic Impact study includes a process that identifies specific strategies, program and facility needs, management requirements, and other factors to create a model for your community recreation, aquatics, or multi-sport facility designed to provide the highest likelihood of positive local economic impact.

Business plans for sports complexes and recreation centers should be prepared as useful documents for funding sources and the management of the future facility.

sports and recreation business plan

A well documented business plan will include detailed development timelines, pre- and post-opening marketing plans, organizational charts, realistic cash flow projections and break-even analysis, program of activities and revenue streams, and product descriptions for sales in sports shop and food court, detailed information concerning group classes, and sales of contracted ice time to sport clubs.

Funding - There are a host of funding and capital acquisition services available to private developers and publicly funded projects. A Development Plan is a very detailed timeline which addresses all of the stages in the planning, design, vendor selection, construction, staff hiring and recruiting, operations systems set-up, pre-opening marketing, grand opening, and first year of operations.

Each of these areas must be correlated to the financial projections, providing a road map timeline for the complex and intensive opening process. Master Planning is the ultimate responsibility of the Local Operating Committee. Designers must represent the client in working with architects, engineers, construction managers, and general contractors.

Consultants should only work for the client. Request for proposals, bid review, and selection of vendors to supply turn-key equipment and installation of refrigeration equipment, multi-purpose concrete arena floor, lighting, fitness equipment, aquatics, gymnastics, artifical turf, court, score board, dasher board, spectator seating, netting, telecommunications, recreation center membership and scheduling software, food concessions, video arcade, plus outdoor parks and recreation equipment and indoor family entertainment offerings such as video arcade, laser tag, and other providers.

Program of Staff Recruitment and Development. A negative first impression translates into a very bad public relation problem that spreads rapidly through a community by word of mouth conversations. It is vital to assemble a management team that has experience in recreation and sport facility management services, include budgeting, creating operations manuals, financial performance oversight, program marketing, senior management recruitment and training, planning and carrying out revenue enhancement programs, and a clearly defined long term program of sports asset management.

The following steps are conducted and combined with the stages of new construction to authenticate and provide historical documentation to all parts of business plan: A forensic accountant needs to review the organization's books and tax records while a detailed review of management, marketing, and customer service processes occurs.

Working collaboratively with the ownership is vital for a complete review to proceed of the financ- ial records, program review, management interviews, analysis of brand and marketing systems, and whatever of other steps are necessary to achieve a full understanding of the strengths and weak- nesses of the current management's operational practices.

The information about the business being examined should be compared to the successes and challenges of other facilities in the community, county, state, and region. The resulting materials should include a comprehensive report with recommendations for immediate actions and opportuni- ties for updating current programs and adding new services which can be used to improve non-peak revenue and current operations.

New goals and Revisions to previous forecasts and projections - Financial goals and objectives must be restated based upon completion of the financial performance audits. This is done through a process of identifying new goals, update expense targets, and provide a detailed financial picture that will serve as the measuring stick for comparison of monthly and annual performance goals.

This process must address operating expenses, debt service and lease payments, staffing, cost of delivery, marketing, program offerings, and other items specific to the current business model.

Developing a Recreation and Sports Center Business Plan

A Turnaround plan for sports complexes and recreation centers provide weekly management oversight, support, and training sessions, top management oversight of daily operations, analysis of monthly budget projections and actual revenues, analysis of expansion of new programs, and marketing efforts to attract more customers, teams, tournaments, events, and non peak hour user groups.

Asset management services are programs that combine budgeting, financial, facilities maintenance, and operational oversight. Land or facility owners hire a representative to implement management and marketing systems.

sports and recreation business plan

Such a contract may consist of "budget versus actual" tracking, staff development, programming improvements, sales and marketing support, and in some case full-time on site management that tracks the effectiveness in the operation, marketing systems, customer satisfaction, and guarantees a specific minimum level of cash flow.

Product Branding and an internet marketing program includes full service support of brand name development, plus web site and marketing materials design. Customer retention programs revolve around regular electronic communication, search engine optimization, and social media campaigns twitter, and advertising in print, TV, radio, and Internet to assist the public and current customers in touch with program, activities, and special pricing opportunities.

Optimize efforts of reaching, connecting with and retaining your current customer base.Youth Sports Nonprofit Sample Business Plan.

Youth Sports Nonprofit Business Plan

Use this sample business plan to successfully start up your youth sports nonprofit organisation. Published. 9 years ago. on. Oct 24, By. To increase participation in youth sports and recreation programs in the Richmond Metro area. Indoor Sports Complex Business Plan – Executive Summary Mike Clarkson Sport Complex is a standard and well equipped sports and recreations facility that will be located in a growing community in Asheville – North Carolina.

Outdoor Recreation Business Plan Guidebook Guide to Developing the Business Plan The business plan is a tool that helps staff efficiently plan, organize, evaluate, and.

Business plans for sports complexes and recreation centers should be prepared as useful documents for funding sources and the management of the future facility. A well documented business plan will include detailed development timelines, pre- and post-opening marketing plans, organizational charts, realistic cash flow projections and break-even.

A Turnaround plan for sports complexes and recreation centers provide weekly management oversight, support, and training sessions, top management oversight of daily operations, analysis of monthly budget projections and actual revenues, analysis of expansion of new programs, and marketing efforts to attract more customers, teams, tournaments, events, and non peak hour user groups.

The Brownsburg Parks and Recreation Department (BPRD) desired to develop a Business Plan to create a business strategy on how they would like to operate their park and recreation system for the future.

How to Start a Recreation Business | timberdesignmag.com