Trampolining was introduced as a sport in the 2001 Summer Olympics. Since then, this sport has continued to grow rapidly and the indoor trampoline industry has from its popularity. In the year 2011, only a few indoor trampoline parks existed. To be specific, they were at most 45 indoor trampoline businesses in 2011. Seven years down the line, this industry has grown to at least 500 parks in the U.S. This kind of explosive growth makes this industry one of the fastest-growing sectors of out-of-home entertainment. As the market for indoor trampoline parks continues to grow, the industry is not left behind either. In the modern day, trampoline parks have a combination of fun events and activities. Trampoline based dodgeball leagues are part of these activities. Fallow trampolines constitute opportunity costs. For this reason, developing trampoline centers must come up with a plan to increase the time spent in the facilities by paying customers for maximized profits.
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Additional Information
Indoor trampoline parks generate income by charging the guests some fee for a specific amount of jump time. Other parks sell refreshments and rent equipment such as specialized jumping socks. There are numerous benefits that come from trampolining. To children, this sport facilitates weight loss and burning off excess energy. These benefits are harnessed as children have lots of fun with others and family. The best thing about trampolining is that it is highly affordable. Therefore, families with a discretionary income can comfortably take kids to these parks. These facilities are rapidly becoming the fastest-growing kind of family entertainment in the U.S. They offer a community that is fun-based means of having active entertainment. Therefore, if you are looking for a health-based, safety-oriented and high-profit venture to invest in, trampoline park franchises could be exactly what you are looking for. The single reason that there is evident rapid growth in this industry, makes the trampoline park landscape sector an attractive venture. Therefore, any entrepreneur has their eyes on the opportunities represented by this industry. The trampoline parks are highly accessible by both adults and kids. For this reason, this fact ideally pairs with the exercise and social-based aspects of this industry. These aspects perfectly match society’s shift to health consciousness. This way, customers are willing to pay for the experience as opposed to spending money on other things. These parks, therefore, are a lucrative long-term investment opportunity considering this future-oriented approach.
In spite of all the benefits that come with this activity, there is definitely a downside that all entrepreneurs should be aware of. Trampoline parks are also places where a lot of people get hurt. Inherently, this is a risky physical activity for those who get involved. For this reason, you should protect your business and also the personal assets in the park. One of the best ways of doing this is having a serious talk with your insurance company even before you start up the business. You should also be prepared for a robust liability insurance policy if you to venture into this line of business. Additionally, you should also research the understandings and laws regarding indoor trampoline parks in your county because they vary in different municipalities and counties.
Here are some important points of information to research before you decide on which Trampoline Park franchise is best for your situation.
1. Check out all the other franchise locations and other types of Trampoline Park franchise market competition in your area.
2. Research each Trampoline Park franchise and list the services they offer and specialize in to determine the best fit for you.
3. Review each Trampoline Park franchise and make a chart that includes franchise fees, startup cost, cash investment, etc.
4. Call and talk with current franchise owners and get their opinion on the pros and cons of the different franchise options.
At Franchise Clique, we are proud to present a variety of Trampoline Park franchise opportunities in our listings. Find your next investment today!