Need a rec center business plan? A recreational or community center is generally built as a sort of modified gym, a place where community members can come, often for a reduced fee, and use basic equipment or share an event space for parties and gatherings. Oftentimes, a rec center is simply a build-out of an existing space that was previously used for another purpose; this is the cheaper approach and requires less capital than building an entirely new facility, though this can be a viable approach as well. If you have a site in mind, identifying it is one of the first things you should do in your business plan. What is the site currently used for, what are the costs involved, etc.? From there, show:
• Who are your target customers?
• What will an admission cost?
• What can you expect to make on a group contract?
• What marketing elements will you put in play?
• How will you staff the rec center?
The issue of staffing, whether you'll use full-time, part-time, or volunteer employees, should be addressed using a conventional personnel plan, the introductory piece to your financial model. The pro forma should also show your revenue forecast, break-even analysis, cash flow, profit and loss projection, and a balance sheet for a minimum of three years (if you seek a bank loan) or a maximum of five years (to entice private investors). Don't forget to include a full market analysis showing your competition, the market need, and the state of your industry locally. If you want to get additional help writing the business plan, MasterPlans can deliver for you. We have a team of experts standing by to help: 877-453-2011.
