Indoor playground business are popular among parents who have toddlers and young kids. Whether it is hot or cold, nothing can stop children from having fun and socializing with other children and parents from bringing children and letting them experience the play they need, which is according to experts is an hour per day.
And if you love taking care of kids, or wanting to always make them happy, starting an indoor playground business that an assure safety, affordability, and fun, can have a bright future ahead. The business can start in two ways, either franchised or independently owned. No matter how the business starts, you should make sure to offer a variety of activities, games, toys, and playground equipment for kids who want to have fun and good memories. In order to achieve this, here are the steps on how to start a children’s indoor play area business.
Step #1: First things first
The first step in every new venture is overwhelming at first. This is the stage when you have to think of a name, incorporate it into a logo, and then handle the necessary paperwork to get registered. After creating your branding—or your identity so that people will know and remember who your indoor playground business is—and creating a logo, the next step is getting your federal tax identification number. Afterwards, approach a limited liability corporation (LLC) regarding liability protection in case someone sues your business. Lastly, contact your health department and ask them about the requirements or regulations in starting and running an indoor playground business.
Step #2: Plan your indoor play area
Before buying, building, and installing playground equipment on your indoor play area, you should know what is in it. Aside from indoor play equipment, you can also include other activities that can cater to other age groups and parents as well; examples can be a snack bar, an open play area, vending machines, video game room, rock climbing, souvenir shop, private function room for different events, such as birthdays, coffee bar, and more. Moreover, you can consider adding Wi-Fi to keep parents entertained.
Step #3: Look for the perfect spot
Well, not all areas are strategic enough to play indoor playground business. Choose a location that is accessible for families and the right size to fit your target market and proposed play area. Often times, these locations are near neighborhoods, schools, and commercial areas,like the shopping mall with big trafic.
Step #4: Buy liability insurance
Liability insurance is important because it is a policy that protects a person or business from being sued due to malpractice, injury or negligence. Some inclusions of this liability include worker’s compensation, accident and equipment liability. However, before purchasing one, make sure to dive into detail and know the complete requirements. You can ask for a lawyer’s help in this matter.
Step #5: Seek professional advice
Contacting experts in different fields can give you advice on what is the best decision to make on your next indoor playground business move. This will also help you operate your playground with less the hassle since there are experts who are willing to give advice.
You are near your end goal in starting indoor playground business since you have already consulted advice and created your identity for families and children to remember. Now, it is time to find the right indoor playground manufacturer to make your indoor playground a reality. Make sure to look for trusted manufacturers who are recognized by different international standards so that equipment is safe and durable.