Tennis is having a huge revival at the moment and is soaring in popularity. And while the sport was not too long ago still seen as elitist, the public’s vision of the sport changed, and it is also attracting more people under the age of 21 than ever. This offers a great opportunity for tennis lovers with a close understanding of the sport and a little bit of business savviness to start a tennis club. However, before you do so, you have to know what to expect and the steps you’ll have to go through. For instance, will you have to found partners or perhaps hand out business cards?
Here’s how you can start your very own tennis club.
Determine the Scope of Your Business
Determine the scope of your services and what you will and will not be offering. This will not only have an effect on your profitability but the kind of facilities and equipment you’re going to have to buy or rent. You also have to consider looking for locations. Most decide to start their clubs from a warehouse and have the surface built. This is a good option that will allow you to make money during the winter months.
However, summer might be more difficult since people are less likely to pay during that time. This is why you should consider going for classes to supplement your income. And don’t underestimate the money you can make through refreshments and equipment sales either. By utilising merchant services, you can improve payment processing efficiency and reduce the risk of fraud. Efficient merchant services ensure quick and accurate transaction processing.
Think About Overheads
If you decide to offer courses, then you’ll have to hire some trainers. You might also need someone for refreshments and an attendant for the lockers. You’ll also need to pay for security, either on-site and/or CCTV (hire experts from firebarrierexperts.com to deal with the complete security procedures).
Another major expense will be electricity. Indoor facilities will have to deal with specific needs like heating, which can be expensive, especially for a huge warehouse which may not be the best insulated. What you will need to do is look at as many suppliers as possible and find one that will work for you. You could use a service like Utility Bidder to look at energy for tennis clubs quotes and compare. You’ll then have a clearer vision of what to expect and will be able to get the best deal out there.
You’ll also have to factor in things like advertising as part of the overhead. It would be wise to also consider working with an already popular franchise and look at the fees. Becoming a part of www.accuratefranchising.com franchisee could allow you to get access to greater resources and a recognisable name.
Check the Competition
It’s also very important that you look at your competition and what they’re doing. Look at the top-rated clubs in your area and see what people like about them. Go in person and take a look at their service, staff, and installation. Look at their prices as well. You’ll then be able to improve on their weaknesses and enhance what they’re doing well.
Conclusion
Starting a tennis club can be profitable if you want to be able to live from your passion and capitalise on the trend. Whatever you do, make sure that you check tennis court repainting and tennis court construction cost and make sure that there is a demand for it where you are.
