Go Kart Business Plan

Are you going to start karting?  here is an example of a complete feasibility study of a Go Kart business plan template that you can use for FREE  .

Ok, so we’ve covered all the requirements you need to start a kart racing business. We also took it a step further by analyzing and writing a sample kart marketing plan template supported by actionable guerrilla marketing ideas for kart racing companies. So let’s move on to the business planning section.

Why start a karting business?

Starting a business usually requires money (start-up capital) and if you have enough money to invest in a successful business in the United States of America, you should consider starting a Go Kart business. The truth is, starting a business that targets kids and adults is a sure-fire way to make money, especially if the business has everything it takes to make them have the most fun.

It is important to clarify that the real deal when it comes to starting a business like Go Kart is a large facility, large enough to accommodate not only race tracks for Go Karts and other fun outdoor games for them. kids, but and a restaurant, a place where parents / guardians can hang out while the kids are having fun and, of course, has ample parking.

Also in a location that can attract customers who will pay to use the Go Go Kart and the amusement park. It might take you months to get the perfect cure, and you might even have to pay out of your nose. Therefore, it is better to let the real estate agent know in advance so that they can help you with your search.

Additionally, starting a standard karting and family entertainment business is similar to opening a family entertainment center and it can get expensive, but you can be sure to make money within a few years of starting. from a company.

The fact that you are going to provide a facility large enough to accommodate the activities and services that you intend to offer and sufficient parking means that you really need to be ready for this business if your go-karting and family vacation is appropriate Upscale and located close to a residential complex with many growing families, you will attract many children, especially on weekends and holidays.

The truth is, you have to be interested in the children and families in your area if you are to truly be successful in this field. You should be able to convince parents and school officials to use your Go Kart and entertainment center regularly.

So, if you decide to start a karting and amusement park business, you need to make sure that you do some feasibility studies as well as market research. This will allow you to properly locate the business and get started. Below is an example of a Go Kart business plan template that can help you write your own copy with little to no difficulty.

Sample Go Kart Business Plan Template

• Industry overview 

Companies that operate in the family golf course entertainment industry primarily provide entertainment and entertainment services through a variety of establishments which include golf courses, mini golf centers, go-kart racetracks, cages hitters, family entertainment centers. , recreational sports leagues and many outdoor recreational activities.

It is important to note that businesses / facilities such as arcades, theme parks, game rooms, golf courses, recreation clubs, ski facilities, marinas, fitness centers and recreation and bowling alleys are not part of the family entertainment industry. on the practice.

If you were to follow the golf course and family entertainment industry, you would realize that this industry has seen revenue growth in recent times, despite the time constraints of many consumers. While the industry has struggled to cope with increased competition from alternative leisure activities such as fitness, many operators have driven convenience-based revenue growth for the industry.

For example, driving range golf courses have attracted people with limited time due to the fact that driving range golf courses are more economical than consumers playing on a 9 to 18 hole golf course. Going forward, industry revenues are expected to increase as operators of driving lessons and family entertainment centers continue to expand their range of products and services to attract families, regardless of the weather. ‘they devote to leisure and entertainment.

The Golf Driving Ranges family entertainment industry is indeed a very large industry that thrives in some parts of the world, especially in developed countries such as United States of America, Canada, United Kingdom, Germany, Australia and Italy, among others.

In the United States of America alone, there are approximately 53,308 licensed and registered family golf courses (including Go Karts) across the United States, according to statistics. The industry is responsible for directly employing some 156,658 employees, and the industry receives a whopping $ 11 billion annually. United States, with a projected annual growth rate of 4.5% between 2011 and 2016. It is important to note that no single institution has the lion’s share of the market available in this industry.

A recent study published by IBISWORLD shows that the golf and family entertainment industry has grown over the past five years, with many operators in the industry having renovated their properties to attract customers. These investments have differentiated the operators’ product portfolios from other mainstream leisure activities such as digital home entertainment.

The report also pointed out that to attract consumers on a tight budget, some industry operators have introduced coupons and discounts that have promoted family entertainment centers and golf courses as local entertainment. Additionally, industry operators have focused on specializing their product portfolios to target specific demographics such as adding bowling lanes to build a strong customer base among families with older children. .

Additionally, start a Go Kart business in the United States. Some states in the United States can be stressful because they need enough money to acquire land, large enough to accommodate funds that can comfortably attract families, as well as the money to outfit a facility to the standards expected by potential users.

Go Kart business plan summary

Jim Rowlands® Go Kart Fun Parks, LLC is a standard, well-equipped driving range and family entertainment center that will be located in a growing community in Baton Rouge, Louisiana Our primary goal in starting a business is to help ensure that children and families living in Baton Rouge and neighboring towns have the opportunity for their children to have the most fun and openness; very suitable facility for family vacations and other related training on golf courses.

We were able to secure a standard building in a central and easily accessible location in Baton Rouge – Louisiana. The activities that will take place in our facilities are karting, batting cages, training grounds, shooting range, kayaking, miniature golf courses, mountaineering, snowmobiling, as well as sports clubs, teams and leagues, recreational or youth. We are well equipped to serve the whole family, including visitors and visitors.

Jim Rowlands® Go Kart Fun Parks, LLC will be a family getaway throughout Baton Rouge, Louisiana. we will work hard to build our facility according to the needs of the average family in the community.

Before starting the business, we conducted extensive market research and feasibility studies and were able to conclude that Baton Rouge, Louisiana is the right place to open our family-friendly amusement and kart park. In fact, our main goal in launching Jim Rowlands® Go Kart Fun Parks, LLC is to encourage families in the community to develop the habit of regularly attending recreational activities.

Our golf driving range and family entertainment center are specially designed and built for child and parent care, we have active babysitting services for young children and we have discounted membership packages for families who enroll in or churches and schools who would like to use our facilities regularly.

Jim Rowlands® Go Kart Fun Parks, LLC will always demonstrate our commitment to sustainability, both individually and in business, by actively participating in our communities and incorporating sustainable business practices where possible.

We will deliver on our responsibility to the highest standards by accurately and completely meeting the needs of our customers. We will create a work environment that offers a human and sustainable approach to earning a living and living in our world for our partners, employees and customers.

Jim Rowlands® Go Kart Fun Parks, LLC is a private, registered business owned and operated by Jim Rowlands and his immediate family. Jim Rowlands has a business management degree combined with over 7 years of experience in the golf course and family entertainment industry, working for some of the biggest brands in the United States of America, and will share his experience with other team members. to help Jim Rowlands® Go Kart Fun Parks, LLC successfully compete in the United States and the global marketplace.

• Our services and equipment

Jim Rowlands® Go Kart Fun Parks, LLC operates in golf coaching and family entertainment centers to provide karting and family entertainment for a living. Baton Rouge – Louisiana and neighboring towns, so we were able to create a facility that can help us achieve our goal. We hope that everyone who uses our golf driving range and has fun with the family will definitely have fun and, of course, get their money’s worth.

We engage in this business for profit and we will do whatever is permitted by US law to achieve our corporate goals and ambitions. These are the services and amenities that will be provided to our customers at our facility;

• karting
• entertainment and leisure services
• fitness and health center services
• Registration for tournaments and sports matches
• Golf & Country Club services and memberships
• Food and drinks
• Coin games and attractions
• amateur sports teams and club services

our vision

Our vision for launching Jim Rowlands® Go Kart Fun Parks, LLC is to build a world-class golf course and family entertainment center, and to do our part to encourage families living in Baton Rouge, Louisiana and the surrounding areas. neighboring towns to actively participate in recreational activities. fun family activities.

• Our mission statement

Our mission in creating Jim Rowlands® Go Kart Fun Parks, LLC is to create a community movement that supports full family involvement in fun and entertainment. We want to do our part to make sure Baton Rouge – Louisiana is among the happiest children and families in all of the United States of America.

• Our corporate structure

Jim Rowlands® Go Kart Fun Parks, LLC is in business to become the premier private golf driving range. and a family entertainment center throughout Baton Rouge, Louisiana, and we fully understand that we will need the right facilities, management, and organizational structure to achieve our goal.

We will ensure the recruitment of qualified specialists. Honestly customer focused and willing to work to help us build a thriving business that benefits all stakeholders (owners, employees and customers). In fact, the incentive arrangement will be available to all of our senior executives and will be based on their performance for ten years or more.

Our business will not only be designed to add value to our members / customers, but we will also ensure that our working environment is very supportive for all of our employees. We will provide them with tools to help them stay motivated and fulfill their different tasks and goals, etc.

In this regard, we have offered the following positions to highly qualified and experienced employees:

• Managing Director – Managing Director
• Facility manager and administrator
• Accountant / Cashier
• Marketing and sales manager
• Safety instructor / karting assistant (5)
• Customer Service Manager / Front Desk Agent
• Cleaners

Roles and responsibilities

Managing Director Managing Director:

• Improves management efficiency by recruiting, selecting, orienting, training, mentoring, consulting and disciplining managers; transfer values, strategies and goals; distribution of responsibilities; planning, monitoring and evaluation of work results; develop incentives; climate development to provide information and opinions; Provide educational opportunities.
• Creates, communicates and implements the vision, mission and general direction of the organization, that is, leads the development and implementation of the overall strategy of the organization.
• Responsible for pricing and signing trade agreements
• Responsible for providing advice to the company
• Creates, communicates and implements the organization’s vision, mission and overall leadership, i.e. directs the development and implementation of the organization’s overall strategy,
• Responsible for signing checks and documents on behalf of the company
• Measures the success of the organization
• Provide staff input to new team members

Facility manager and administrator

• Responsible for the operation and management of the golf practice and family recreation
• Support stationery by checking inventory; place and expedite orders; evaluation of new products.
• Ensures the operation of equipment by meeting preventive maintenance requirements; call for repair.
• Updates professional knowledge by participating in training opportunities; read professional publications; maintain personal networks; participation in professional organizations.
• Identifies the jobs to be recruited and manages the interview process
• Implementation of staff input for new team members
• Responsible for training, evaluation and evaluation of employees
• Responsible for organizing trips, meetings and appointments
• Ensures the institution is always at the forefront
• Responsible for the management of food and beverage services
• Management of membership and registration services
• Management of equipment rental and sales services
• Management of other relevant facilities

Go Kart / Assistant Safety Monitors (5)

• Ensures children and adults adhere to established safety precautions when using our recreational vehicles
• Serves entertainment and recreation services
• Manage registration for tournaments and sports matches
• Responsible for handling and coaching for services such as karting, Watting, approx. ges, training grounds, shooting ranges, kayaking, miniature golf courses, mountaineering, snowmobile and sports clubs, teams and leagues, recreational or youth, etc.

Marketing and Sales Director (2)

• Identify, prioritize and reach new customers, business opportunities and more.
• Identifies development opportunities; monitors development and contacts; participates in the structuring and financing of projects; ensures the realization of projects.
• Writes winning documents, negotiates fees and rates in accordance with organizations policies
• Responsible for carrying out business studies, market studies and feasibility studies for clients
• Responsible for overseeing implementation, advocating for client needs and communicating with clients
• Develops, implements and evaluates new plans to increase sales growth
• Documents all contacts and customer information
• Represents Jim Rowlands® Go Kart Fun Parks, LLC at strategic meetings
• Help increase sales and growth of Jim Rowlands® Go Kart Fun Parks, LLC.

Accountant / Cashier:

• Responsible for the preparation of the financial statements, budgets and financial statements of the organization
• Provides management financial analysis, development budgets and accounting reports; analyzes the financial feasibility of the most complex proposed projects; conducts market research to predict business trends and conditions.
• Responsible for financial forecasts and risk analysis.
• Perform cash management, accounting and financial reporting for the organization
• Responsible for the development and management of financial systems and policies
• Payroll manager
• Ensures compliance with tax laws
• Handles all financial transactions for Jim Rowlands® Go Kart Fun Parks, LLC
• Serves as internal auditor for Jim Rowlands® Go Kart Fun Parks, LLC.

Customer Service Manager

• greets members and potential members / clients by welcoming them in person or by phone; respond to or direct requests.
• Ensures that all customer contacts (email, built-in hub, SMS or phone) provide the customer with a personalized customer service experience of the highest level
• By interacting with customers over the phone, he takes every opportunity to engage the customer in the organization’s products and services.
• Perform administrative tasks assigned by management in an efficient and timely manner
• Keep up to date with any new information on organizations’ products, advertising campaigns, etc. to ensure that accurate and useful information is provided to customers when they make requests.
• receives packages / documents for the organization
• send letters to the organization
• assume any other responsibility as directed by the supervisor

Cleaners (3):

• Responsible for cleaning in and around the property
• Cleaning after customers and cleaning of the work area.
• Wash dishes and dishes after each use.
• Maintains a clean work area by sweeping, vacuuming, dusting and cleaning glass doors. windows, etc. if necessary.
• Make sure there are no leftover toiletries and consumables in the warehouse.
• Perform any other task as directed by the head of the establishment’s center.

SWOT analysis of the Go Kart business plan

Jim Rowlands® Go Kart Fun Parks, LLC offers karting and family activities for families in Baton Rouge, Louisiana, and helps customers do fun activities for their kids and at the same time for profit.

We know that there are golf coaching and family entertainment competitions, so we took the time to do an effective SWOT analysis before investing our hard earned money in the business.

We know that if we are successful before we start our karting and family entertainment center, we won’t have to struggle to attract repeat customers and grow our member base to a level where we can easily get down in record time. …

We hired a structuring human resources and business consultant to help us do the SWOT analysis for our business and he did a good job for us. Here is a look at the result we got from a SWOT analysis conducted on behalf of Jim Rowlands® Go Kart Fun Parks, LLC;

One obvious benefit that will certainly be a plus for Jim Rowlands® Go Kart Fun Parks, LLC is the fact that our center is centrally located in the densely populated residential neighborhood of Baton Rouge. Louisiana; Our presence is in fact one of our main strengths.

We also have a team of highly trained professionals who will work with all of our clients to achieve their goals using our karting and family recreation facilities.Finally, our admission ticket / membership package is one of the best that anyone can live. in Baton Rouge – Louisiana and neighboring towns; it’s cheap and affordable.

We have critically examined our business model and were able to identify two major weaknesses, one is the fact that we are a new company and the other is that we may not have the financial resources to match. existing golf courses. as well as family entertainment and entertainment establishments and even Louisiana government entertainment and entertainment establishments when it comes to acquiring the latest Go Karts and generating the necessary hype that can drive traffic to our facilities.

We’re centrally located in one of the busiest and most populous areas of Baton Rouge, Louisiana, and we’re open to all the affordable opportunities the city has to offer.

Some of the threats that Jim Rowlands® Go Kart Fun Parks, LLC may face are adverse government policies, adverse weather conditions, demographic / social factors, a downturn in the economy, which is likely to affect consumer spending and finally New competitors in the same location as our golf course and family entertainment center.

MARKET ANALYSIS Go Kart Business Plan

• Market trends

The golf industry and family entertainment venues have indeed benefited from recent marketing campaigns aimed at encouraging people to participate in recreational activities, as well as consumer health trends.

In the future, many baby boomers are expected to join entertainment clubs or take advantage of recreational facilities in their communities as they become more concerned about their families and their health. older.

However, customers of practice centers and family entertainment centers are increasingly expected to collect memberships at cheaper family practice and entertainment centers compared to expensive all-inclusive clubs.

The general trend in golf coaching and family entertainment is that if a property is well equipped and located near a residential area or somewhere that people can easily access without too much stress, there is a chance that the property enjoys high patronage.

As with other businesses, driving range and family entertainment owners are always looking for ways to increase their market share; they go so far as to sign agreements with secondary schools, as well as with faith-based organizations and others, to regularly take advantage of their opportunities.

Finally, it is common that as golf training courses and family entertainment centers grow, it becomes necessary for them to develop new service offerings or install new facilities that will help them attract more. people. Unsurprisingly, some driving lessons and family entertainment centers have other facilities designed to appeal to adults / parents. In other words, it is very important that karting and family entertainment establishments continue to improvise if they are to grow their business and reach their target. Income.

• Our target market

The target market for karting and family entertainment is aimed at people of different backgrounds. The fact that people visit or register at golf courses and family entertainment venues for a variety of reasons makes marketing attractive to businesses.

The target market for karting and family entertainment can be divided into three different groups. The first group is made up of families who seek to create time for family families and communication. Another group of people are the schools who want to have a great place for schoolchildren / children on excursions or games etc. The final group of people are religious organizations and clubs.

Jim Rowlands® Go Kart Fun Parks, LLC will strive to provide the services, services and facilities that will help us reach our target market, this is the category of people to whom we intend to sell our kart facility and family entertainment;

• Households and families near Baton Rouge, Louisiana
• Schools
• Churches and religious centers
• Clubs
• Corporate organizations
• Travelers / tourists

Our competitive advantage

Without a reasonable doubt, the golf course and family entertainment industry is indeed a prolific and highly competitive industry. Customers will only use your institution if they know that you can successfully help them achieve their goals or provide them with an environment and opportunity for maximum enjoyment.

Jim Rowlands® Go Kart Fun Parks, LLC is centrally located near a densely populated residential area of ​​Baton Rouge, Louisiana; this will obviously give us an advantage over our competitors. We also have a team of highly trained professionals who will work with all of our clients to achieve their goals of enjoying our golf practice and family activities, and lastly our membership package will be one of the best for everyone. living around Baton Rouge, Louisiana is possible; it’s cheap and affordable.

Finally, our employees will be well taken care of and their benefits will be among the best in our category (karting and family startups in the United States) in the industry. This will allow them to be more than ready to build a business with us and help them achieve their goals and all of our business goals and objectives.

Business plan Go Kart SALES AND MARKETING STRATEGY

• Marketing strategy and sales strategy

Our marketing strategies will focus on achieving specific goals that support the strategic goals of the organization. The truth is that everything we do will be geared towards creating new market channels, increasing sales, and increasing our market share. We will improve our services and capabilities to ensure we attract new customers and retain old members.

At Jim Rowlands® Go Kart Fun Parks, LLC, our marketing strategies will be consistent across the entire marketing mix and we will consider product improvement, promotion and price. As part of our sales and marketing strategy, we will focus on promoting our karting and family entertainment to attract families and businesses to participate and become our members.

Our unique selling point is that we are well positioned and people can easily access our facilities, our prices are affordable and we have a comprehensive package for families, clubs, schools and faith organizations. Here are some of the marketing and sales strategies we will adopt;

• Open our golf driving range and family entertainment center with a big party for all
• Promote our golf driving range for family fun and recreation on daily national TV channels, local TV channels and the local radio station
• Promote our golf driving range and family activities online through our official website and all available social media platforms
• Get to know our golf practice and family activities by sending introductory letters along with our brochure to faith-based organizations, schools, businesses, households, and key stakeholders in Baton Rouge, Louisiana.
• Print flyers and business cards and leave them strategically in offices, libraries, public buildings and train stations, etc.
• Ensure continuous customer interaction for all our members; the first impression will be positive for those who use our karting and family leisure facilities for the first time.
• Use attractive invoices to raise awareness and guide our karting and family entertainment. means
• Accept direct mail coupon method
• Place our signage / flexi banners in strategic locations in and around Baton Rouge
• Create a loyalty plan that allows us to reward our loyal members, especially those who are registered as a family or in a group
• participate in roadshows in our region to promote our karting and our family entertainment center.

Source of income

Jim Rowlands® Go Kart Fun Parks, LLC was created with the goal of maximizing profits in the golf course and family entertainment industry, and we will do everything to ensure that we do our best to reach customers. individuals (families). and businesses on a regular basis.

Jim Rowlands® Go Kart Fun Parks, LLC will generate revenue by providing the following services:

• I will go kart
• Entertainment and recreation services
• Fitness center and fitness center services
• Registration for tournaments and sports matches
• Golf & Country Club services and memberships
• Food and drinks
• coin games and attractions
• amateur sports teams and club services

sales forecasts

It is important to note that our sales forecasts are based on data collected through our feasibility studies and on certain assumptions that are readily available locally. It would be difficult to make a sales forecast for a newly opened business like go-karting and family vacations.

This is simply because the statistics will be provided in the short term. Experts say that as a general rule, a business needs to be in business for at least a year before it can generate statistics that will be needed for accurate forecasts; statistics should be at least one year old to show trends and patterns of consumer spending.

We expect that in the first year of operation, we will receive at least 12,000 clients, which is 0,000 clients per month, and then next year we will increase by 25%.

Here are the sales projections for Jim Rowlands® Go Kart Fun Parks, LLC based on the location of our family karting facility and the services and products we will provide to our customers (members);

• First fiscal year -:  $ 240,000
• Second fiscal year –  $ 450,000
• Third year:  $ 750,000

Note:  . This projection is based on what is available in the industry and on the assumption that no major economic crisis or natural disaster will occur during the period specified. No major competitor will offer the same value-added services as us in one place. Please note that the above predictions may be lower and at the same time higher.

• Our pricing strategy
  

Our pricing system will be based on what is available in the industry, we will not charge more (except for premium and specialty services), and we will not charge less than our competitors in Baton Rouge – Louisiana. and neighboring towns are charged for admission tickets or membership fees.

Anyway, we have developed plans to provide discount services from time to time, as well as to reward our loyal customers. especially when they refer clients to us or when they register as a family, group or religious organization and schools. The prices for our services will be the same as in the US open market.

• payment methods

The payment policy adopted by Jim Rowlands® Go Kart Fun Parks, LLC is inclusive as we are well aware that different customers prefer different payment methods based on their preferences, but at the same time we will ensure that the rules and regulations financial resources are respected. The United States of America.

Below are the payment options that Jim Rowlands® Go Kart Fun Parks, LLC will provide to its customers;

• Payment by bank transfer
• Cash payment
• Payment by credit cards / ATMs (POS Machines)
• Internet bank transfer payment
• Payment by check
• Pay by mobile money transfer
• Payment by bank check

In view of the above, we have chosen banking platforms that will allow our client to pay for all of our services without any stress on his part. Our bank account numbers will be made available on our website and in promotional materials to customers who wish to deposit money or make an online transfer for our services.

Go Kart Business Plan Advertising and advertising strategy

We have been able to work with our branding and advertising consultants to help us define advertising and promotional strategies that will help us get to the heart of our target market, and we intend to be the choice. number one for businesses and individuals in Baton. Rouge, Louisiana, so we took steps to advertise and promote our karts and family entertainment.

Below are the platforms we intend to use to promote and market Jim Rowlands® Go Kart Fun Parks, LLC;

• Place ads in print (community newspapers and magazines) and electronic media platforms
• Sponsor of relevant community sporting events and competitions
• Use on the Internet and social networks such as; Instagram, Facebook, Twitter, YouTube, Google +, etc. To promote our brand
• Install our bulletin boards at strategic locations in Baton Rouge, Louisiana
• From time to time take part in roadshows in targeted areas
• Distribute our flyers and brochures in targeted areas
• Connect with families, businesses, religious centers and schools by calling them and letting them know about Jim Rowlands® Go Kart Fun, LLC and the services we offer
• List Jim Rowlands® Go Kart Fun Parks, LLC on the Local Directory / Yellow Pages
• Promote our karting and family entertainment center on our official website and use strategies that will help us drive traffic to the site.
• Make sure that all of our employees are wearing our branded shirts and that all of our karts and vehicles have branded logo etc.

Start – Increase spending (budget)

When starting a business, the amount or cost will depend on the approach and scale you want to take. If you intend to be successful by renting space, you will need a good amount of capital, as you need to make sure that your employees are well looked after and that your institution is conducive enough to keep employees creative and productive.

This means that the launch can be low or high depending on your goals, vision, and aspirations for your business.

The tools and equipment that will be used cost roughly the same everywhere, and any price difference will be minimal and overlooked. As for a detailed analysis of the costs of launching karting and family vacations; in other countries, it may differ due to their money’s value.

However, that would be what it would cost us to create Jim Rowlands® Go Kart Fun Parks, LLC in the United States of America;

• The total fee for business registration in the United States of America is  $ 750.
• Legal fees for obtaining licenses and permits  $ 1,500.
• Marketing promotion costs (8,000 brochures at $ 0.04 per copy) totaling   $  10,000 .
• The cost of hiring a business consultant is  $ 5,000.
• Insurance coverage (general liability, industrial accidents and loss of property) for a total premium of  $ 30,800.
• Cost of accounting software, CRM software and payroll software  $ 3000
• The cost of equipment rental for the Golf Driving Range Family Entertainment Center is  $ 250,000.
• Expenses for the reconstruction of the facility, the construction of the go-kart racetrack and the equipment of the facility  200,000 USD.
• Other start-up costs including stationery  1000 USD
• telephone and utilities  3500 USD
• running costs for the first 3 months (employee salary, bill payment, etc.)  USD 100,000
• initial inventory value  USD 15,000
• cost of purchase. furniture and gadgets (computers, printers, telephones, televisions, audio systems, video games, billiards, tables and chairs, etc.)  USD 10,000.
• Website launch costs  $ 600
• Cost. for our gala evening  $ 15,000
• Miscellaneous  $ 15,000

we need an estimate of   $  750,000 . successfully launched a small but standard and well-equipped golf club and family entertainment center in Baton Rouge, Louisiana.

It is important to state that testing and evaluation costs will be high due to the large amount of equipment needed to start karting and family entertainment, as well as the huge amount of funds required to secure a facility sufficiently big. to house a driving range and a family entertainment center.

Fundraising / Seed Capital for Jim Rowlands® Go Kart Fun Parks, LLC

Jim Rowlands® Go Kart Fun Parks, LLC is a private, registered family business that will be owned and operated by Jim Rowlands and members of his immediate family. These are the company’s only financial instruments, so they decided to limit the company’s sources of start-up capital to just three main sources.

These are the areas in which we intend to generate our seed capital;

• Generate part of the start-up capital from personal savings and sell its shares
• Generate some of the start-up capital from friends and other extended family members
• Create most of the bank’s start-up capital (line of credit).

NB  . We have been able to secure approximately  $ 250,000  (  personal savings of $ 200,000 and a soft loan from family members $ 50,000  ) and are in the final stages of securing a line of credit of $ 500,000 from our bank. and the documents have been duly signed and submitted, the loan has been approved and at any time from now on our account will be credited.

Sustainable development strategy and expansion of the Go Kart business plan

The future of a business depends on the number of repeat customers, the potential and skill of the employees, their investment strategy and the structure of the business. If all of these factors are missing from the business (business), it won’t be long after the business closes the store.

One of our primary goals – the launch of Jim Rowlands® Go Kart Fun Parks, LLC – is to build a business that will survive on its own cash flow without having to inject funds from outside sources once the business is officially established. launched.

We know that one way to get approval and attract customers is to become a member of our karting and family entertainment center – outfitting our facilities with modern entertainment equipment and making our services available.

Jim Rowlands® Go Kart Fun Parks, LLC will ensure that the foundations, structures and processes are in place to ensure the well-being of our staff. Our corporate culture aims to take our business to the next level, and the training and retraining of our employees is at the top.

In fact, the incentive plan will be available to all of our executives and will be based on their performance for ten years or more. We know that if this is done we can be successful in recruiting and keeping the best hands we can get in the industry; they will be more committed to helping us build our dream business.

Checklist / checklist

• Company name availability check:  complete
• Company registration:  complete
• Opening of corporate bank accounts:  complete
• Point of Sale (POS) Security:  Completed
• Opening of Mobile Cash accounts:  complete
• Launch of online payment platforms:  complete
• Request and receipt of tax identification number:  in progress
• Business license and permit application:  Completed
• Purchasing business insurance:  complete
• Acquisition of a large object and its reconstruction:  in progress
• Feasibility studies:  Completed
• Generate capital from family members:  done
• Bank loan applications: in  progress
• Preparation of the business plan:  completed
• Compilation of employee handbook:  complete
• Drafting of contractual documents and other relevant legal documents:  in development
• Creation of the company logo:  finished
• Graphic design and packaging printing Marketing / promotional material:  in development
• Employee recruitment:  VProgress
• Purchase of essential family entertainment equipment, fitness and fitness equipment, electronics, office equipment and suppliers: in  progress
• Creation of the company’s official website:  Completed
• Information creation for online and neighborhood businesses:  ongoing
• Health and Safety and Fire Safety Agreement (license):  protected
• Planning to open or launch a participant:  in progress
• Company creation Relations with suppliers and key industry stakeholders:  ongoing