Because the Trampoline park business has blossomed in recent decades and continues to grow, many people are thinking how opening a Trampoline park would make a very lucrative investment. One of the key questions to consider is whether you’d like to own a Trampoline park independently, or whether you’d prefer to become part of a franchise.
In fact, whoever wants to enter this line of business should prepare a thorough plan beforehand. This includes defining your way of doing business, as there are a lot of options. You can choose one or several business partners, enter a franchise or decide to strike out on your own.
Characteristics and advantages of the Trampoline park franchise
Operating as part of a franchise means you buy a franchise from the Trampoline park you choose and enter into a franchise agreement with it. In the agreement, you clearly determine mutual rights and obligations, after which you proceed to operate on your own responsibility and with your own funds.
But note that you will operate under the franchisor’s name, not one of your choice. What’s more, you have to consistently adhere to all the franchise rules and standards, and pay franchise fees.
Opening a Trampoline park franchise can be the right way if you’d like to draw on the benefits of an already established Trampoline park and prefer a slightly less risky investment. This option comes with many other advantages.
Advantages of a Trampoline park franchise:
- because you’re using a tried-and-tested way of doing business, the risk of the Trampoline park failing is lower;
- because the name of the Trampoline park is already known, you can attract new clients significantly faster;
- the Trampoline park from which you bought the franchise can help you choose, build, finance, and open the location, as well as conduct all the necessary training for it;
- you can also take advantage of all the knowledge and skills the franchisor has to run this business the right way;
- during the term of the franchise agreement, you can receive constant expert support in advertising, management, and many other tasks.
Characteristics and the advantages of Trampoline park independent ownership
We’ve established that owning a Trampoline park franchise has several advantages. This does not mean, however, that this is the only way to successfully run such a park. If what you want is complete independence and making your own rules, setting up your own Trampoline park could be the right solution for you.
To do so, you’ll need your own funds and to make sure you thoroughly analyze the market and identify your target groups before opening the park; you’ll also need to prepare all the necessary documents, create a business plan, choose a location and take care of many other things.
This option provides you with far greater operational independence, and also comes with certain advantages.
Advantages of independently owning a Trampoline park:
- you have complete freedom when it comes to choosing the range of services you provide;
- because you are your own boss, there are no franchise fees to pay, nor any restrictive franchise agreement provisions to adhere to;
- you are completely free to manage and advertise your Trampoline park;
- the operations of your Trampoline park depend solely on you and your abilities, which allows you to form your very own business model.
What’s best for you?
If you dislike pre-set rules on how to conduct business and you have the courage and funds for more experimentation, you’ll certainly do better as an independent owner.
For those who might take business failure harder and would prefer investing in a tried-and-tested brand with a successful business model, buying a franchise would be the best choice.
Do you want to open a Trampoline park and would like to know what is waiting for you? One of the main questions is, how much does a trampoline park cost, and what kind of investment does it require? Download this eBOOK now and start your trampoline park business prepared! >>
