Need an athletic field business plan? The way this document will be shaped depends hugely on whether you are trying to take control of an existing athletic field or whether you'll need to build one from the ground up. A third alternative – that you might just need a plan to show what events will occur on your existing field – is an easier document, as you simply need to model the sort of events you typically see and create a schedule that will prove to a reviewer that you can cash flow the field successfully. But if you need to build the project “from the studs,†you're in for a longer ride. You should research all of the costs involved in construction and make sure that you have selected a viable site. What is it near to? How many people live in the immediate area? What is the sports scene like? Market questions become paramount as you attempt to make a case for the new venture. Also important:
• Who are your target users for the field?
• What will the revenue sources be – rentals, concessions, etc.?
• What is an average event's attendance?
• How will you market the field?
• What sort of staffing levels will you have to maintain at the field?
These are important questions and should get to the heart of whether there is a solid market opportunity in running the sports field. If you're taking over an existing athletic field site, feel free to include pictures or accounts of successful major events there. Also note whether there are additional revenue-generating opportunities like festivals, farmers markets, or concerts that could help buoy your books. The business plan will also need a complete pro forma that equilibrates revenues and expenses to show a break-even point and, ultimately, the profit in three to five years. If you want to have someone write this plan for you, there's no better choice than MasterPlans. We have everything you need to get the document in tip-top shape. Call us today, toll-free: 877-453-2011.
