The business plan for sports complex shows what the market need is for a sports facility and tries to estimate the number of events you can host there and the revenue they can generate. If you're taking control of an existing sports complex, you'll want to show what the retrofitting or upgrade costs are likely to be and what the timeline is for start-up. What amount of capital investment do you need and when can you hit your break-even point? Have you accounted for permitting and licenses and do you have a tentative marketing plan? These are all important elements for a sports facility. Also cover:
• What is the immediate market like? How many households?
• How many sports and recreational league teams are there?
• Will you host other events (concerts, corporate functions, etc.)?
• What are the overall personnel needs for the complex?
• Is there a defined market need not currently filled?
The business plan for a sports complex should make it clear that you know what sort of sporting events will occur there. Do you intend to serve as the home location for a minor league sports team? Do you have a series of smaller contracts lined up to work with local high schools, recreational teams, etc.? Anything that can lend credence to the venture's odds of success should be mentioned in the business plan narrative and, if you're careful about how you do it, modeled into the financial pro forma you create. As an investment document, you will want to show a 5-year forecast of revenues and expenses that accounts for all ongoing OpEx and equity or loan payouts. Need help with the model or the market research? MasterPlans has worked on a wide range of sports complex documents and our team of experts can make your vision into a great business plan in as little as two weeks. Call toll-free (877) 453-2011.
