If you have ever visited a roller skating rink, you will agree that it is a business that involves not just enormous start-up capital, but loads of planning and work.
In essence, building a roller skating rink is considered a big business because of the investment involved in getting the skating rink up and running.
As a matter of fact, acquiring the land and equipment needed for skating and other related activities is actually significant and will cost you money.
This is because a roller skating rink consists of a large open area with structures and surfaces for roller skating and skateboarding.
Building a roller skating rink is indeed a profitable business, but there are costs that are associated with starting this business. Interestingly, when it comes to building a roller skating rink, the budget is not fixed and can differ from one entrepreneur to another.
This is so because different entrepreneurs have different preferences, and these preferences are part of the factors that will influence the overall cost of building a roller skating rink. In this article, we will discuss some of the major factors that can influence the overall cost of building a roller skating rink.
7 Factors That Influence the Cost of Building Roller Skating Rink
The Size of the Land and Infrastructure
One of the major factors that can greatly influence the cost of building a roller skating rink is the size of the land and infrastructure required to build the skating rink. Come to think of it, the bigger the size of the land and infrastructure you settle for, the more you are expected to spend on lease or rent, or acquiring the land and infrastructure.
You will also be required to spend money on the construction or renovation of the facility including building or remodeling large open areas with structures and surfaces for roller-skating and skateboarding, practice areas, pro shop, restrooms, and any other amenities you plan to provide.
The Cost of Amenities and Utilities
Trust me, the amount you are expected to spend on basic utilities such as electricity, water supply, drainage systems, waste disposal, lighting, furnishing, electronics, gadgets, parking areas, and access roads can add up significantly to the overall cost of building the rink.
The Cost of Acquiring Roller Skating Rink Equipment and Supplies
If you are building a roller skating rink, you should expect to spend money to acquire the needed equipment and supplies.
You should make plans to get skatepark obstacles, skatepark surfaces, skateboards and scooters, seating and shelters, sound system, lighting, maintenance equipment, and safety equipment (helmets, knee pads, elbow pads, and wrist guards).
The Roller Skating Rink Design and Layout
As expected, there are different types of designs and layouts that a roller skating rink can take. When you contract an architect to help you design a roller skating rink, they will charge based on the complexity or simplicity of the design you choose.
In essence, the more complex the design and layout you pick, the more money you will pay, and the simpler the design and layout for your roller skating rink, the lesser you will be charged.
The Types of Permits, Licenses, and Approvals Needed
If you are looking to build a roller skating rink in any city in the United States of America, you will be expected to obtain permits, licenses, and approvals from all the appropriate authorities within your jurisdiction.
You may need a business license, zoning permit, building permit, health department permit, fire department permit, entertainment or amusement license, music license, alcohol license (if applicable), food service license (if applicable), signage permit, special events permit (if applicable),
Insurance (liability and property), employee identification number (EIN), state and local permits and noise ordinance permit (if applicable). Trust me, the amount you are expected to spend in this regard is going to be a significant part of your budget.
The Cost of Landscaping and Aesthetics
Come to think of it, people will first be drawn to how beautiful your roller skating rink looks at the outside before they even consider coming in. This is the reason why you must make sure you have a robust budget for landscaping and aesthetics.
The amount you are expected to spend in this regard will be based on your preference and the class of customers you want to attract.
Miscellaneous expenses could cover expenses such as land mortgages, construction loans, equipment financing, working capital, interest rates, insurance, taxes, professional consulting fees (such as architects, engineers, lawyers, and planning, design, legal compliance, and financial matters), and unforeseen contingencies.
Interestingly, roller skating rinks come in different sizes and have different complimentary service offerings. The one you settle for will determine how much you will spend on building your roller skating rink.