All basketball players, whether professional or recreational, are on an incessant search for indoor basketball courts. My business plan is to one day own and run a community based indoor basketball stadium for everyone with various skill levels to play on their leisure. The business will be a family run small business with no more than 5 part time/temp employees. Net profit for the owner is expected to range from $50,000 to $100,000 annually after all expenses are paid. The stadium is not intended to generate massive revenue its owner. The Business is intended to provide a place for everyone in the community who is interested in playing basketball to enjoy the sport in high-quality basketball courts - especially during the raining season .
My initial business plan will be based on the following criteria:
Capacity:My initial Plan is to run the stadium with 5 to 10 NBA regulation sized Basketball Courts. The number of basketball courts will vary depending on the cost for maintenance, utility, property rental/mortgage, Equipment, insurance and Profit.
Hours of Operation: initially, I plan to open my Courts from 5am to 12am on weekdays, Saturdays and Sundays from 8am to 9pm. Since my primary market will be the working professionals and Middle School to College Students, this hours is made to fit their schedule after school or work. I also Plan to hold basketball tournaments/Camps during weekends and holidays.
Methods of Income: methods of Income will be based on monthly membership fee and flat fee per hour per person for Walk-In players. A huge part of income will also come from League Tournament packages and basketball Camps for different age groups.
Additional Methods of Income:Selling Basketball related goods to members. Example, Shoes, Jerseys. In the future, I may be able to get endorsements from retailers.
Marketing Targets: Nearby Business who may hold Company-wide employee basketball event. Recreational Basketball Players, Students, Professional Basketball Players.
Marketing Strategy:Hand out fliers within community. Hold Free events for grand opening to have people try out our facility. Door to door sales and cold calling for larger business.
Stadium Structure: The setup of the Courts will be loosely based on 4 levels of basketball Skill level on regular business hours:
1: Warm up Court: for People that just wants to shoot around
2: Noobie Court - for everyone with low or no experience in basketball
3: Its just a game - for recreational basketball players with beginning to intermediate skill level to run a senmi-organized game.
4: Who's got Next?: for recreational Basketball players with Advanced skill level to run a semi-organized game
Special Events:The special events are to be held on Weekends or weekdays by special demand. I have listed 3 special event catagories in mind
1: We are the Champion: Special tournament Events with hired referees
2: Training Day: Basketball Camps with hired coach
3: Tricks are for Kids: Special Events for just kids and parents
Court rules: After payment, each individual will be based on a first come first serve system. Each player will have to "sign up" on the wait list correspond to the court they desire to play on.
For "It's Just a game" and "He got Game" courts, each court will start a pick- up basketball game as soon as 10 players have been reached. A game will either be 11 points by one point per basket or 13 points by 1or 2 points per basket. After a game, the team that lost will need to sign up on the wait list again if they wish to play another game. Winner will be able to stay on the court until they lose. If there is only one person waiting for next game, he can simply pick up 4 players from the team that just lost. If friends would like to come in in group of 5 as a team, all 5 will sign in as an individual. If one player is already on the waitlist before the team, the team of 5 can either choose to break up and allow that individual to join their group or they can wait one more game and play with their original team.
For "Noobie Court", instead of a full-court with semi-organized game, each courts will be broken to 2 half courts. player can engage in their own style of playing with no rules and wait lists.
For "Warm up" Court, there will be no wait list since anyone can just go and shoot around.
Job Positions:Cashier: Collect Money/verify membership status
Manager: Resolve customer issues on the court/answer questions
Custodian: Cleaning the Stadium
Contractors: Referee and coaches for special events
Customer Service:A Comment Box will be placed in the stadium for customer feed backs. The feed back will be personally read by me, the owner!! A member will also receive E-mail upon oncoming events in the stadium.