In the early stages of business planning for a pickleball club or center, you will want to get your arms around financial feasibility. Pickleball Business Advisor has a service we call “Feasibility Assessment”. This is not a complete business plan, but rather a tool to help you get to a “go or no-go” for taking things to the next level. Deliverables include:
- Detailed financial operations workbook, This is a working spreadsheet that provides a detailed breakdown of monthly and annual revenue and expenses. This workbook allows you to run “what-if” scenarios by changing key variables impacting revenue and expenses. There are 15-20 variables that would impact a financial pro forma. Examples would be things like # of members, member dues, staffing costs, open play hours, and much more. This workbook would contain our ‘first-pass’ conservative projections, but will allow you to experiment with assumptions and create financial best-case, middle-case, worst case scenarios.
- Start-up costs workbook. This is a worksheet to help you determine dollars that need to be spent before the business opens. Whether you self-fund or seek a loan or investors, this provides detail around your cash needs before the business generates revenue. It organizes startup expense categories.
- Critical success factors narrative. The workbooks referenced above will include a written narrative outlining our thinking on the most important factors for maximizing revenue and minimizing expense. It is the reasoning behind the numbers. Example: Most clients we work with underestimate the importance of developing specialty programs and creating a “vibe” at the club.
We also do revenue assessments to help you understand the revenue potential of your club. Check our consulting services and fees page for more detail!