Starting a business venture is an exciting and adventurous decision! If your new business venture is focused on indoor playgrounds, you chose the perfect time to take this opportunity on! Why? Indoor playgrounds are all the rage right now, and more than ever, you will notice them popping up in areas you’d never imagined. Simply put, they are the newest trend across the globe and at SPI Plastics, we couldn’t be more thrilled to witness such growth!
So you want to start an indoor playground business; where do you start? It’s surprisingly much easier than you’d expect; let’s explore what you need to know:
Conduct Proper Market Research
Just like with any business plan, you can only be successful if you’ve carried out the necessary market research. What does this entail exactly?
- Is there a need for an indoor playground in your community?
- What is the population of children in your community?
- Will you have any competition?
- If competition is present, how can you stand out from them?
- What will service fees look like for your customers to use it?
- What’s the cost to purchase or rent the space that is required?
Answering these questions will help you understand the market and make informed decisions about your potential business. It’s important to have a clear understanding of your target audience and the demand for indoor playgrounds in your area before investing time, effort, and money into starting one.
Create a Business Plan
Once you’ve completed market research, it’s time to create a solid business plan. This will serve as your roadmap for success and should include:
- A detailed description of your business and its goals
- A comprehensive analysis of the market and competition
- Financial projections, including expenses, revenue streams, and profit margins
- Marketing strategies to attract customers
Having a well-thought-out business plan not only helps you stay organized but also shows potential investors that you are serious about your venture.
Determine Your Location
Location is key! The location you choose can make or break your overall success, so it is vital that you take your time and investigate as much as possible before deciding on a perfect location.
High-traffic areas near shopping malls or restaurants can be good places to consider, as a high volume of people will pass by. If tourism is close to you, consider choosing a location where these tourists will likely visit.
When searching for an ideal spot, remember that if your playground will be a large structure, you will need to confirm that the building can accommodate a structure at least 15 feet tall (provided you’re interested in a three-story playground).
Plan Out the Design of Your Indoor Playground
Determine where in your space you want to set up your indoor playground. Don’t forget things like party rooms, eating areas, and pots for parents to sit and relax while they watch their children play.
Be sure to have a floor plan or measurements so that you can contact SPI for a free, no-obligation quote. Let us know any custom designs you have in mind and any questions about product availability. Of course, if you aren’t sure where to start design-wise, our professional team is trained to provide design recommendations for you.
You will be updated throughout the design process; we won’t stop making adjustments and edits until the final product exceeds your satisfaction.
Start the Ordering and Production Process
Once your design is completed, production will take place immediately following a contractual agreement. We will inform you of all progress and be available the entire time if you have any concerns or questions about the production portion.
Prepare the Site
While our professionals work diligently to bring your dreams to reality, use this time to prepare your site for the installation process and, of course, for the launch of your new business!
Consider your interior decorating, employee training and recruiting, and developing any promotions you wish to offer.
Installation and Playground Reveal
Our professional playground installation team will arrive at your location in a timely and efficient manner to begin the installation process; this will commence as soon as your products have shipped and arrived.
Once you’ve opened up your playground to the public, SPI Plastics will continue to provide you with support and service you can trust. We want you to be pleased with all aspects of your playground, and that is why our relationship doesn’t end when your playground is installed.
If you’re interested in more details about our indoor and outdoor playgrounds, contact SPI Plastics today by calling 519-935-2211 or using our online contact form. Our team is happy to answer any questions you have and provide you with a free, no-obligation quote for your playground project.