I am trying to convince my dad to buy this vacont building near where we live. I want to turn it in to an indoor range and 30 station 3-D target shoot. My dad is sitting on the fence with this one...he is trying to figure out the demand for one of these in my area and how long it would take to pay off the building and what not. The building use to be a roller skating rink so its plenty big enough. Right now I am thinking like $10 for the range to warm up and the 30 station shoot. I need to put a price on it to help figure out profits and what not. Obvioulsly if this goes well we would sell other things there...gear...food. Any ideas or comments?
Would be really awesome, but take into consideration...
Targets, your gonna wanna mix it up to keep it interesting and some are well over $500
Insurance, gonna have a lot of people there, your gonna have to have insurance
Those are two biggies that jump out at me.
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Loan payment
Insurance (not cheap by any means)
normal utilities like electric, water, sewer, garbage, phone, etc...
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Wear and tear on targets
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Yeah my dad is a numbers guy and I know he has been looking at insurance and what not. I have been poking around looking at target prices and stuff too (new and slighly used stuff). Its all being taken into consideration. This is not going to be a cheap venture at all but the closest bow shop to this place is 32miles. But however that bow shop does have a video shoot which is nice. I have also talked to a pro bow tech that is working at Gander and he said hes in but then you ahve to get quite a bit of equipment. Right now this is a dream verging on slight posibility of reality
Sounds like the makings of a good shop is there if the tech is anygood but overhead will be tough to overcome.The idea of a shop and range is a good one,especially with no shops close but you have to be good to make it go.
Reinhart offers significant discounts to clubs I believe. Not sure about Mckenzie. $10 isn't out of range either, the club/shop we shoot at for indoors has 32 targets out and it costs $10 to shoot it.
It is also a full pro shop/dealer etc... They hold leagues etc...I think they do well but like was said above, a range alone won't turn a profit if the building itself isn't paid for etc.
It is a rough road to get started. We opened the first of the year, luckily, there is not another proshop/range within an hour of us. Business is ok, to say the least. There are many things that sneak in there that you just don't see coming.
If the building is good, the way it sits you are good to go but, being a roller rink, I would think there would have to be some renovation. Not to mention the lighting. Good lighting is important, we don't even have the ones I would like yet. Heat bills are a killer.
Now, you have to get the insurance. The IBO has great liability insurance but, then there is content insurance and building insurance. If you are gonna employ people, disability and comp insurance.
Proper targets will cost you upwards of $7000 in themselves and you have to have a proper backwall. Ours cost over $4000 to build.
I am in no way, trying to scareyou away from chasing your dreams, heck, everyone tried talking me out of opening our place. Go over all the past utility bills. Get an estimate of the renovations and insurances. Figure out what your total monthly bills are going to be.
We figured all this out and then divided that by $10 to figure out how many shooters we had to have per month to cover the bills. We are about 70% covering expenses. Your first few months will be hard, but, worth it if it all works out in the end.
Good Luck in your journey and may God Bless you with dreams you are following. If I can be of any help please contact me with any questions.
I think this is a great idea. If you have any number of serious bowhunters in the area, it would be very easy to fill up 3-4 nights per week with league plus day time open shooting. As someone else said, take into account targets. My local archery shop has a 40 3D target league, which they use 120 targets for. You also have to take in account insurance and replacing vitals. You get guys sligging big X cutters and they start eating the vitals up real quick. Good luck if you decide to do this!
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