The bouncy castle business plan won’t bring children the same joy that a bouncy castle does, but it doesn’t have to cause you enormous stress and pain either. If you plan to own and operate a single bouncy castle, your capital request is probably modest, and you can get by with little more than a market analysis and a three-year pro forma that shows bankers you can make the venture profitable and get your loan paid off on schedule. For the pro forma, determine what your expenses will be per month – not just maintenance and transportation, but also marketing, permits/fees, etc. – and then figure out how often you can have the castle rented out. These are your main inputs. The body of the plan might actually be trickier:
• Show who the most common users are likely to be
• Determine average household spending on entertainment and recreation
• Provide industry statistics regarding the same
• Profile the chief competitors to your bouncy castle business
• Identify and assess indirect threats and other risks associated with the business model
The bouncy castle business plan does need to at least mention the fact there your users will have an assumed release of liability – if you have a contract drawn up that people will have to sign in order to rent the bouncy castle, you should include that as an appendix. For the market analysis, describe the market needs as you understand them and try to show why the existing providers in this space aren’t fulfilling it. Also, what do you think will be the most common events where your castle will be rented out – block parties, corporate events, birthday parties? Knowing how often these occur and how many people get invited will help you with your pro forma. Still too hard? Not to fear – call MasterPlans. Our team of expert writers and researchers can have a fully customized business plan in your hands in just a week or two. Call 877-453-2011.
