indoor playground cost

Should you Consider Opening an Indoor Playground Franchise?

Should you Consider Opening an Indoor Playground Franchise?

If you dream of going into business for yourself but you’d rather not build your business from scratch, franchising might be the right choice for you! However, it can also have a variety of drawbacks.

Franchising (and all the legal jargon that goes with it) can be confusing for first time business-owners, so today I’m going to break down the advantages and disadvantages and how franchising differs from licensing.

How Much Does it Cost to Open an Indoor Playground Business?

How Much Does it Cost to Open an Indoor Playground Business?

Even after you’ve negotiated your lease and exposed any hidden pitfalls or money “traps,” there are still ways to accidentally underestimate your costs. For example, when we were getting ready to open our doors, we underestimated the amount we would need to train our staff. Labor costs add up quickly-- before any revenue even starts coming in. We also underestimated the amount and cost of paper products, inventory, cleaning supplies, and cleaning equipment we would need prior to making our first sale.

This miscalculation caused us to dip into our cash reserve, which was a financial cushion we were hoping to save. I recommend OVER-estimating whenever possible, as this can only have a positive outcome.

Operating costs are also easy to underestimate. For example, when signing our lease, I asked the electric company to estimate the cost to heat our 2,500 square foot space. I knew we would need to heat the cafe most of the year because of our cold climate, so I was careful to get an exact estimate.