You’ve dreamed of opening your own trampoline park business. Now it’s time to make it a reality! Below you will find the step-by-step process to start a trampoline park, all the way through to trampoline park installation, training, and more. But don’t worry! We will be here to guide you through the entire process.
YOUR GUIDE TO STARTING YOUR OWN TRAMPOLINE PARK BUSINESS
STEP 1: Create a business plan
Before you begin any business venture, it pays to have a clear business plan (Read Things to Include in a Business Plan Here). Thinking through how you will operate your business, the market for your trampoline park, the competition, marketing strategies and target audience, etc., will help you in the long run, and is a necessary step if you need to obtain financing to open a trampoline park. Even if you are self-financing, a business plan is a must to ensure you have done the necessary research to determine if there is enough of a market to sustain your business and ensure profitability.
STEP 2: Obtain Financing
If you plan to obtain bank financing for all or part of your trampoline park, you should start on this step early. As you will see later in this step-by-step guide, the payment intervals will require that certain percentages of the total cost be paid before the stages of manufacturing and installation can be completed. You will want to know that you have funding secured early in the process, before construction and installation begins.
This can sometimes be a lengthy process, and you’ll want to be sure you have all your required documents in order, including your business plan, mentioned above. Consult with your small-business lender to determine what documentation you need and the requirements for financing. Step 3 itemizes the additional documentation Trampoline Park Depot provides that may also be required when obtaining financing.
If bank financing is not an option, you can also explore the possibility of a partnership or seek out potential investors in your business. Investors may require a percentage of your profits that exceeds the interest on a loan, so you will want to consider your options carefully.
Trampoline Park Depot can recommend an experienced builder that will build an inviting and exciting trampoline parks to suit any budget. There are extremely successful trampoline park businesses that is up and running currently that cost less than $500K from start to finish.
However if you want more daily guidance, we recommend going the franchise route.
STEP 3: Find the Right Trampoline Park Builder
There are a few builders in the industry that Trampoline Park Depot recommend. However it is best that you do your own research, and hire the one that best meets your budget. There are independent builders, and there are franchise powered builders. It really depends on your personal objective.
an independent non-franchise builder will work with you until the project is done. Once they hand over the keys, so to speak, your business is yours to run as you see fit. They will provide you with all the information and training you need, and recommendations based on what they know works best in the industry.
However, you have complete control and final say on the budget, final designs and color-schemes, and all business-related decisions. You will not need to answer to franchise bosses or follow franchise policies.
Here is what you’ll get when you choose an Non-Franchise Builder to help you start a trampoline park:
- Conceptual budgets that help your lender understand how start-up funds will be spent
- Blueprints, design renderings and specifications necessary for obtaining financing and permits
- Estimated construction schedules (which can vary depending on availability of materials, timely payments, and other variable factors)
- A complete project plan and strategy for successful implementation
- Help securing the necessary permits, which can vary depending on your local governing bodies
- Assistance with securing an appropriate location that meets your budget and safety requirements
- Complete manufacturing and installation of all trampoline park equipment, including auxiliary areas such as snack bars, gift shops, restrooms, front desk, etc.
- Business software optimized for a trampoline park business
- Training on how to care for your equipment, run your business, and use your software and point-of-sale terminals to streamline sales and track liability waivers and permission forms
- Marketing strategy support, including suggestions for effective local marketing campaigns, coupons, social media, and print-based collateral
STEP 4: Find the Optimal Trampoline Park Location
There are several things to consider when choosing the right location. You want your location to be easy for your potential customers to find, but the building also needs to meet your needs in terms of size, ceiling height, and price.
Sometimes it’s necessary to compromise. For instance, the ideal location, with road frontage and signage, in a high traffic area such as a strip mall, will cost you more per square foot than a location in a warehouse, industrial, or business park.
Warehouses often offer the best value and have the size and ceiling height required, but you will sacrifice a bit on accessibility. This is where your business plan comes in handy, because you will do a lot of this research up front to determine prime locations based on your market and make budget decisions. Keep in mind, the more you pay for rent, the less you have to spend on other necessary business costs, like utilities, salaries, capital investments, marketing, etc.
A reasonable cost per square foot is around. $2 – $4 / sq ft. for warehouse space a bit outside prime traffic patterns. If you choose a high-traffic, strip mall location, expect to pay quite a bit more. Certain markets may also be more expensive, due to the nature of commercial real estate in the area. Major metropolitan areas are typically more expensive than suburban or rural areas.
Look for a building that is at least 15,000 sq ft. You want to have ample space for the jumping and non-jumping areas. Depending on your budget, your trampoline park equipment may use up to 50% of your total floor space. You will also want to pay attention to ceiling height. In order to comply with safety standards, you should have at least 22 ft of ceiling clearance.
STEP 5: Down Payment
While preliminary consultations can begin prior to payment, Trampoline Park Depot will be putting our team of experts to work designing and manufacturing your trampoline park equipment. There are many costs involved with this stage, including engineered drawings, customized plans and documents, etc. To cover these costs, you will need to make a 50% down payment, based on the quoted price of building your trampoline park business.
STEP 6: Engineering Renderings
After Trampoline Park Depot receives your down payment, we will use the latest technology to create high-quality engineering-stamped drawings that bring the initial concepts to life. This is a critical step to ensure that the manufacturing team has all the necessary details to create your trampoline park equipment to meeting design and safety specifications, including your chosen features and color scheme. This process may take 1 -2 weeks. You will have an opportunity to review and approve the conceptual documents, and we will continue to work with you until you are satisfied with the final design.
STEP 7: Manufacturing and Fabrication
In this phase Trampoline Park Depot will manufacture the steel framing, jump surfaces, mats, and safety pads to meet design and color specifications. Upon completion of this stage, you will need to make an additional 47% payment. Once this payment is made, the trampoline park equipment will be shipped to your location.
Our manufacturing process meets or exceeds all precautionary safety recommendations and required standards. The safety of your customers is of utmost importance to us, and we strive to ensure that all manufactured and fabricated equipment meet your needs for branded design, functionality and safety, as well as local regulations and insurance requirements.
STEP 8: Trampoline Park Installation
Once your equipment has been shipped to you, our installation crews will work quickly to assemble and install your trampoline park. Installation will meet all ASTM and IATP safety standards. The phases of construction include:
1. Framing assembly
2. Installation of custom mats and pads, springs, nets, and other accessories.
3. Building of all custom decking and non-jump surfaces, such as the snack bar, bathroom, and reception/waiting area.
STEP 9: Training and final payment
When installation is complete, you are almost ready to open to the public! To complete our services, we will provide comprehensive training on the care and upkeep of your equipment, which includes how to change mats, springs, and pads. We will also complete your training on the auxiliary equipment and software for running your business.
Once we have walked through your new facility with you, and you are satisfied with the results, you will pay the remaining 3% balance and take over the day-to-day operations of your trampoline park business. Your dream of starting your own, wholly-owned, state-of-the-art trampoline park will be realized.