Skating Rink Business Plan Template

Written by Dave Lavinsky

Skating Rink Business Plan Template
Table of Contents
Table of Contents

If you’re looking to create a skating rink business plan, you’ve come to the right place!

Over the past 25 years, the PlanPros team has helped over 1 million entrepreneurs and business owners write business plans….and many of them have started and grown successful skating rink businesses. Our skating rink business plan example below is sure to help you!

Skating Rink Business Plan Example

Below is our skating rink business plan template and sample plan created using what we consider the best ai business plan generator:
 

I. Executive Summary

Company Overview

At Elegant Glide Skating Arena, located in the heart of Apopka, FL, we pride ourselves on providing a top-tier recreational facility tailored for individuals and families seeking fun, fitness, and entertainment. Our state-of-the-art skating rink offers a unique and enjoyable experience with a focus on safety, customer satisfaction, and community engagement. Our services cater to a wide range of customers, from those looking to spend an enjoyable afternoon with family to serious skaters seeking to hone their skills. As a cornerstone of the Apopka community, our goal is to create a welcoming environment where memories are made, and the joy of skating is shared by all.

Success Factors

Our journey to becoming a beloved recreational venue in Apopka, FL, has been fueled by key success factors and notable accomplishments. Firstly, our emphasis on customer service excellence has established a loyal customer base. The implementation of rigorous safety standards ensures a secure environment for our visitors, setting us apart in the industry. Our innovative marketing strategies have effectively broadened our reach, attracting a diverse clientele. Additionally, our strategic location in Apopka has been instrumental in our success, providing us with access to a wide demographic. These elements combined have positioned Elegant Glide Skating Arena as a premier destination for entertainment and skating in the region.

Industry Analysis

The skating arena industry is experiencing a resurgence, with a growing interest in recreational activities that promote health, wellness, and social interaction. This revival is partly due to increasing awareness of the benefits of physical activities and a shift towards family-oriented entertainment options. The industry faces competition from various leisure activities, but skating arenas offer a unique combination of fun, fitness, and social engagement, appealing to a broad audience. Technological advancements, such as improved equipment and facility management software, have also contributed to enhancing customer experiences, operational efficiency, and safety. Our entry into this market is timely, tapping into the rising demand for quality recreational activities in Apopka and beyond.

Customer Analysis

Our target customers encompass a wide demographic, including families seeking wholesome entertainment, young adults looking for social activities, and serious skaters pursuing their passion. We cater to individuals of all ages and skill levels, focusing on creating a diverse and inclusive environment. Our analysis indicates a strong demand for recreational venues that offer safe, fun, and engaging activities within the community. By understanding our customer base’s varied needs and preferences, we are able to tailor our services and marketing efforts to attract and retain a broad audience, ensuring a steady stream of visitors to Elegant Glide Skating Arena.

Competitive Analysis

  • Skate City Funplex: A family-oriented skating facility with a focus on group events and birthday parties.
  • IceTime Entertainment Center: Offers ice skating with additional amenities such as an arcade and a snack bar.
  • RollerVibe Arena: Known for its vibrant atmosphere and themed skating nights.

Our competitive advantages lie in our unparalleled focus on customer service, the state-of-the-art quality of our facilities, and our comprehensive range of services. These strengths enable us to offer an exceptional skating experience that stands out from our competitors, ensuring customer satisfaction and loyalty.

Marketing Plan

Our marketing plan is designed to attract and retain customers by highlighting our premier facilities, diverse services, and competitive pricing. We offer a variety of skating options catering to different ages and skill levels, alongside skate rentals and safety equipment. Our pricing strategy is competitive, offering value for money while ensuring accessibility to a broad audience. Promotional efforts are multifaceted, leveraging online marketing, community involvement, loyalty programs, traditional advertising, and strategic partnerships. This comprehensive approach ensures high visibility in the Apopka area, driving both new and repeat visits to Elegant Glide Skating Arena.

Operations Plan

At Elegant Glide Skating Arena, our operations plan is centered around ensuring an exceptional customer experience through meticulous attention to daily operational processes. This includes providing outstanding customer service, maintaining high safety and maintenance standards, effective staff management, diligent financial operations, proactive marketing and promotions, efficient inventory management, and seamless event coordination. Our milestones include achieving specific financial targets, expanding our customer base, and continuously improving our facilities and services. These goals are designed to solidify our position as a leading skating arena in Apopka, FL, and to ensure long-term success and growth.

Management Team

Our management team brings together a diverse group of professionals with extensive experience in entertainment management, customer service, and business operations. This expertise ensures that Elegant Glide Skating Arena operates smoothly and efficiently, maintaining the highest standards of service and safety. Our team’s commitment to excellence and passion for skating drives our success, making us a premier destination for recreation and entertainment in the community.

Financial Plan

To achieve our growth goals, we require significant investment to enhance our facilities, expand our services, and bolster our marketing efforts. This funding will enable us to reach a larger audience, improve customer satisfaction, and increase our market share in the competitive skating arena industry. Our financial plan is designed to ensure the optimal use of resources, maximizing return on investment while delivering exceptional value to our customers and stakeholders.

Summary

Below is an overview of our expected financial performance over the next five years:

FY 1 FY 2 FY 3 FY 4 FY 5
Revenues $2,374,378 $2,571,049 $2,784,009 $3,014,609 $3,264,310
Direct Expenses $978,150 $1,027,982 $1,080,353 $1,135,392 $1,193,235
Gross Profit $1,396,228 $1,543,066 $1,703,655 $1,879,216 $2,071,074
Gross Profit (%) 58.8% 60% 61.2% 62.3% 63.4%
Other Expenses $97,085 $100,030 $103,065 $106,192 $109,414
EBITDA $1,299,143 $1,443,035 $1,600,590 $1,773,024 $1,961,660
Depreciation $96,000 $96,000 $96,000 $96,000 $96,000
Amortization $0 $0 $0 $0 $0
Interest Expense $63,500 $63,500 $63,500 $63,500 $63,500
Income Tax Expense $398,875 $449,237 $504,381 $564,733 $630,756
Net Income $740,767 $834,298 $936,708 $1,048,790 $1,171,404

 

II. Company Overview

Elegant Glide Skating Arena is a new Skating Rink serving customers in Apopka, FL. We are proud to be a local skating rink, especially considering there are no high-quality local skating rinks in the area. Our mission is to provide a premier skating experience for individuals and families looking for fun, exercise, and entertainment all in one place.

At Elegant Glide Skating Arena, our offerings are designed to cater to a wide range of needs and preferences. We provide skate rentals for those who don’t own their skates but are eager to hit the ice. For beginners or those looking to improve their skills, we offer skating lessons from experienced instructors. Our public skating sessions are a great way for the community to come together and enjoy skating in a fun and safe environment. We also specialize in event hosting and party packages, perfect for birthdays, corporate events, or any special occasion. Additionally, our pro shop is stocked with the latest skating merchandise to ensure our customers have access to the best equipment and accessories.

Located in Apopka, FL, Elegant Glide Skating Arena is ideally situated to serve the local community and visitors looking for an exceptional skating experience. Our dedication to providing a high-quality, fun, and safe environment for skaters of all ages sets us apart from other entertainment options in the area.

Our success is rooted in several key factors. Firstly, our founder brings valuable experience from previously running a successful skating rink, ensuring we understand the ins and outs of the skating rink business. Secondly, we offer a broader range of products and services to enhance the skating experience for our visitors, setting us apart from the competition. This comprehensive approach to serving our customers positions us uniquely in the market and lays a solid foundation for our success.

Since our founding on January 3, 2024, Elegant Glide Skating Arena has made significant strides as a business. We are officially registered as a S Corporation, highlighting our commitment to professional and legal standards. Our accomplishments to date include the development of our unique company name, the design of our distinctive logo, and the acquisition of a prime location for our skating arena. Each of these achievements marks a step forward in our journey to becoming the premier skating destination in Apopka, FL.

 

III. Industry Analysis

The Skating Rink industry in the United States is a thriving market, with an estimated size of over $2 billion in annual revenue. This industry has shown steady growth over the past few years, with an average annual growth rate of 3.5%. With the popularity of recreational activities on the rise, the demand for skating rinks is expected to continue to grow in the coming years.

One of the key trends in the Skating Rink industry is the increasing focus on offering unique and immersive experiences for customers. Skating rinks are no longer just places to skate, but are becoming entertainment destinations with themed events, music, and interactive activities. This trend bodes well for Elegant Glide Skating Arena, as it positions itself as a new and innovative skating rink in Apopka, FL, offering a one-of-a-kind experience for customers.

Another trend in the Skating Rink industry is the growing popularity of roller skating among all age groups. Roller skating has evolved from a nostalgic pastime to a trendy and fun way to stay active and socialize. With more people looking for alternative forms of entertainment and exercise, the demand for skating rinks like Elegant Glide Skating Arena is expected to continue to rise, making it an attractive business opportunity in the thriving Skating Rink industry.

 

IV. Customer Analysis

Below is a description of our target customers and their core needs.

Target Customers

We will target local residents, including families with children who are looking for recreational activities. This demographic will likely appreciate our family-friendly environment and the opportunity for physical exercise. Additionally, we will provide special events and themed nights that cater to both children and their parents.

We will also focus on teenagers and young adults who are interested in socializing and staying active. This age group will likely be drawn to our modern facilities, music, and social events. By offering student discounts and youth programs, we will attract a steady stream of younger customers.

Another key demographic will be adults looking for alternative fitness options and social activities. We will offer adult skating classes, fitness programs, and late-night skating sessions tailored to this group. These offerings will appeal to those who want to stay fit while having fun in a social setting.

In addition to local residents, we will target schools and community organizations for group events and educational programs. Partnering with schools for field trips and physical education programs will create a steady flow of daytime business. Community organizations will find our venue ideal for hosting fundraisers and social gatherings.

Customer Needs

Customers at Elegant Glide Skating Arena expect a safe and clean environment where they can enjoy skating. They need well-maintained facilities, including high-quality rental skates and protective gear. Additionally, they seek a friendly and knowledgeable staff to assist with any questions or concerns.

Families and groups desire a range of services to enhance their experience, such as private lessons, birthday party packages, and special events. These offerings can create memorable experiences and encourage repeat visits. Convenient access to refreshments and a comfortable seating area for spectators also meet customer expectations.

Regular skaters look for a community environment where they can connect with others who share their passion. Hosting themed skating nights and competitive events can foster this sense of community. Providing loyalty programs and membership discounts can further incentivize frequent visits and build a loyal customer base.

 

V. Competitive Analysis

Direct Competitors

Elegant Glide Skating Arena’s competitors include the following companies:

Semoran Skateway

Semoran Skateway offers a variety of skating services including public skating sessions, private parties, and skating lessons. They also feature a snack bar and a skate shop. Price points typically range from $7 to $12 for admission, with additional costs for skate rentals and special events. They generate revenues primarily from admission fees, skate rentals, and concessions. Located in Casselberry, FL, they serve a broad customer segment including families, school groups, and skating enthusiasts. Their geographical reach extends across the greater Orlando area. Key strengths include a long-standing reputation and diverse service offerings. However, their facility is older and may require upgrades, which could be seen as a weakness.

RDV Sportsplex Ice Den

RDV Sportsplex Ice Den provides ice skating and hockey services, including public skating sessions, hockey leagues, figure skating lessons, and private rentals. They also have a pro shop and a café. Their price points vary from $10 to $20 for general admission, with additional fees for skate rentals and specialized classes. Revenue streams come from admission fees, league fees, rentals, and concessions. Located in Maitland, FL, they cater to families, amateur and professional hockey players, and figure skaters. They draw customers from the entire Orlando metropolitan area. Key strengths include state-of-the-art facilities and a wide range of programs. However, their focus on ice sports might limit their appeal to non-ice skating enthusiasts.

Rez Pro

Rez Pro specializes in roller skating and offers public skating sessions, private events, and skating lessons. They also feature a snack bar and arcade games. Price points generally range from $8 to $15, depending on the type of session and whether skate rentals are required. Their revenue is generated through admission fees, skate rentals, and concessions. Located in Altamonte Springs, FL, Rez Pro serves families, teenagers, and young adults. They attract customers from the northern suburbs of Orlando. Key strengths include a modern facility and a strong community presence. However, they might lack the diversified programming that can attract a broader audience.

Competitive Advantages

At Elegant Glide Skating Arena, we offer a unique and enhanced skating experience that sets us apart from our competition. Our state-of-the-art facilities include a modern sound system and dynamic lighting effects, creating an immersive environment for skaters of all ages. We have also invested in premium-quality rental skates and protective gear to ensure comfort and safety for our visitors. Our arena features a spacious and well-maintained rink, which allows for a smooth and enjoyable skating experience. Additionally, we provide specialized programs such as skating lessons, themed events, and private parties, catering to the diverse needs and preferences of our clientele.

We pride ourselves on our exceptional customer service, with a dedicated team of friendly and knowledgeable staff ready to assist our guests. Our commitment to cleanliness and hygiene ensures that our facilities are always in top condition, providing a pleasant atmosphere for all visitors. We also offer a variety of food and beverage options at our on-site café, making it convenient for families and groups to enjoy a full outing at our arena. By continuously seeking feedback and making improvements, we strive to exceed our customers’ expectations and create a memorable experience that keeps them coming back. Our strategic location in Apopka, FL, coupled with ample parking and ease of access, further enhances our appeal and convenience for local residents and visitors alike.

 

VI. Marketing Plan

Our marketing plan, included below, details our products/services, pricing and promotions plan.

Products, Services & Pricing

Elegant Glide Skating Arena offers a variety of products and services to cater to the diverse needs of skating enthusiasts. One of the primary services includes Skate Rentals, which allow customers to enjoy skating without the necessity of owning personal skates. These rentals are available at an average price of $10 per session, ensuring affordability for individuals and families alike.

For those looking to improve their skating skills, Skating Lessons are available. These lessons are conducted by experienced instructors and are tailored to different skill levels, from beginners to advanced skaters. The average price for a group lesson is $25 per person, while private lessons are available for around $50 per hour.

Public Skating Sessions provide an opportunity for the community to enjoy open skating time. These sessions are held regularly and are priced at approximately $12 per person, which includes access to the rink for a specified duration. These sessions are a popular choice for casual skaters and families looking for a fun outing.

Event Hosting and Party Packages are another significant offering. Customers can book the arena for private events such as birthday parties, corporate events, and school functions. These packages typically range from $200 to $500, depending on the number of guests and additional services required, such as catering and entertainment.

Additionally, the arena features a Pro Shop and Merchandise section. Here, customers can purchase skating gear, apparel, and souvenirs. Prices for merchandise vary, with items like skate accessories starting at $5 and high-quality skates available for up to $200. This shop provides everything a skater needs, from essential equipment to stylish clothing.

Promotions Plan

To attract customers, we at Elegant Glide Skating Arena employ a diverse range of promotional methods. One of our primary strategies is online marketing. We leverage social media platforms like Facebook, Instagram, and Twitter to engage with the local community, post updates on special events, and share customer testimonials. Our website is optimized for SEO to ensure we appear in local searches, and we run targeted online advertising campaigns to reach potential customers in the Apopka, FL area.

We also utilize email marketing to keep our customers informed about upcoming events, promotions, and special offers. By collecting email addresses through our website and in-person visits, we build a robust mailing list that allows us to maintain regular communication with our audience.

Community involvement is another key aspect of our promotional strategy. We sponsor local events and participate in community fairs to increase our visibility and connect with families and individuals interested in skating. Hosting free or discounted ‘open house’ events provides an opportunity for new customers to experience our facilities firsthand.

In addition to these methods, we offer loyalty programs and incentives to encourage repeat visits. For example, we have a membership program that provides discounts on admission and skate rentals, as well as exclusive access to special events.

Traditional advertising methods are also part of our promotional mix. We place ads in local newspapers, magazines, and on local radio stations to reach a broader audience. Flyers and posters in high-traffic areas such as shopping centers and schools help to raise awareness and attract foot traffic.

Collaborations with local businesses and schools provide additional promotional opportunities. We partner with schools to offer field trips and skating programs, and we work with local businesses to create special event packages and corporate outings.

In summary, our comprehensive promotional strategy combines online marketing, community involvement, loyalty programs, traditional advertising, and strategic partnerships to attract and retain customers at Elegant Glide Skating Arena.

 

VII. Operations Plan

Our Operations Plan details:

  1. The key day-to-day processes that our business performs to serve our customers
  2. The key business milestones that our company expects to accomplish as we grow

 

Key Operational Processes

To ensure the success of Elegant Glide Skating Arena, there are several key day-to-day operational processes that we will perform:

  • Customer Service:
    • Provide friendly and efficient service at the ticket counter and rental desk.
    • Offer assistance and information to customers regarding schedules, prices, and services.
    • Handle customer complaints and inquiries promptly and professionally.
  • Safety and Maintenance:
    • Conduct daily inspections of the skating rink and equipment to ensure everything is in good working condition.
    • Implement and enforce safety rules and guidelines to prevent accidents and injuries.
    • Schedule regular maintenance and cleaning of the rink and facilities.
  • Staff Management:
    • Schedule and manage shifts to ensure adequate staffing at all times.
    • Provide training and support for employees to maintain high service standards.
    • Conduct regular staff meetings to address any issues and improve operations.
  • Financial Operations:
    • Handle daily cash flow, including ticket sales, rentals, and concessions.
    • Prepare daily financial reports and reconcile transactions.
    • Manage expenses and monitor budget to ensure profitability.
  • Marketing and Promotions:
    • Develop and implement marketing strategies to attract new customers and retain existing ones.
    • Promote special events, offers, and discounts through various channels such as social media, local advertising, and partnerships.
    • Engage with the community through events, sponsorships, and collaborations.
  • Inventory Management:
    • Monitor and manage inventory of skating equipment and supplies.
    • Order new stock as needed to maintain adequate inventory levels.
    • Track and report on inventory usage and costs.
  • Event Coordination:
    • Plan and coordinate special events, parties, and group bookings.
    • Ensure all event details are organized and communicated to staff and customers.
    • Provide exceptional service to make events memorable and successful.

Milestones

Elegant Glide Skating Arena expects to complete the following milestones in the coming months in order to ensure its success:

  • Location Acquisition and Lease Agreement: Secure a prime location in Apopka, FL, and finalize lease agreements to ensure a stable operational base.
  • Facility Renovation and Setup: Complete the necessary renovations and setup of the skating rink, including the installation of the ice rink, safety measures, and customer amenities.
  • Permits and Licenses: Obtain all required permits and licenses from local authorities to legally operate the skating rink.
  • Staff Recruitment and Training: Hire skilled staff and provide comprehensive training to ensure excellent customer service and operational efficiency.
  • Marketing and Promotion Campaign: Launch an effective marketing campaign to create awareness and attract initial customers, including social media, local events, and partnerships with schools and community organizations.
  • Grand Opening Event: Organize a successful grand opening event to officially launch the skating rink and draw in the local community.
  • Achieve $15,000/Month in Revenue: Implement strategies to reach a monthly revenue goal of $15,000 through ticket sales, memberships, and ancillary services like skate rentals and concessions.
  • Customer Feedback and Improvement: Collect and analyze customer feedback regularly to make necessary improvements and enhance the overall customer experience.
  • Establish Safety Protocols: Develop and enforce strict safety protocols to ensure a safe environment for all patrons, minimizing the risk of accidents and liabilities.
  • Financial Management and Profitability: Monitor financial performance closely, optimize operational costs, and achieve a sustainable profit margin within the first 24 months.

 

VIII. Management Team

Our management team has the experience and expertise to successfully execute on our business plan.

Management Team Members

Elegant Glide Skating Arena management team, which includes the following members, has the experience and expertise to successfully execute on our business plan:

Delilah Ramirez, President

Delilah Ramirez has a history of success and has successfully run a skating rink in the past. With her extensive experience in the skating industry, Delilah brings a wealth of knowledge and a proven track record of operational excellence. Her previous success in managing a skating rink ensures that Elegant Glide Skating Arena will benefit from her strategic vision and leadership skills.

 

IX. Financial Plan

Summary

Below is an overview of our expected financial performance over the next five years:

FY 1 FY 2 FY 3 FY 4 FY 5
Revenues $2,374,378 $2,571,049 $2,784,009 $3,014,609 $3,264,310
Direct Expenses $978,150 $1,027,982 $1,080,353 $1,135,392 $1,193,235
Gross Profit $1,396,228 $1,543,066 $1,703,655 $1,879,216 $2,071,074
Gross Profit (%) 58.8% 60% 61.2% 62.3% 63.4%
Other Expenses $97,085 $100,030 $103,065 $106,192 $109,414
EBITDA $1,299,143 $1,443,035 $1,600,590 $1,773,024 $1,961,660
Depreciation $96,000 $96,000 $96,000 $96,000 $96,000
Amortization $0 $0 $0 $0 $0
Interest Expense $63,500 $63,500 $63,500 $63,500 $63,500
Income Tax Expense $398,875 $449,237 $504,381 $564,733 $630,756
Net Income $740,767 $834,298 $936,708 $1,048,790 $1,171,404

Funding Requirements/Use of Funds

To accomplish our growth goals, Elegant Glide Skating Arena needs $635,000 in funding. Key uses of this funding will be as follows:

Capital Investments
Buildings / Location Buildout $300,000
Furniture $20,000
Skating Equipment and Machines $150,000
Computers and POS Systems $10,000
Non Capital Investments
Working Capital $50,000
Initial Rent/Lease (3 months) $15,000
Staff Salaries (First 3 Months) $60,000
Initial Marketing and Advertising $20,000
Supplies $5,000
Insurance $5,000

Financial Projections

financial projection skating rink business plan

5 Year Annual Income Statement

FY 1 FY 2 FY 3 FY 4 FY 5
Revenues
Revenues $2,374,378 $2,571,049 $2,784,009 $3,014,609 $3,264,310
Total Revenues $2,374,378 $2,571,049 $2,784,009 $3,014,609 $3,264,310
Direct Costs
Direct Costs $978,150 $1,027,982 $1,080,353 $1,135,392 $1,193,235
Total Direct Costs $978,150 $1,027,982 $1,080,353 $1,135,392 $1,193,235
GROSS PROFIT $1,396,228 $1,543,066 $1,703,655 $1,879,216 $2,071,074
GROSS PROFIT % 58.8% 60% 61.2% 62.3% 63.4%
Other Expenses
Salaries $72,814 $75,023 $77,299 $79,644 $82,060
Marketing Expenses $6,067 $6,251 $6,441 $6,637 $6,838
Rent/Utility Expenses $6,067 $6,251 $6,441 $6,637 $6,838
Other Expenses $12,135 $12,503 $12,883 $13,274 $13,676
Total Other Expenses $97,085 $100,030 $103,065 $106,192 $109,414
EBITDA $1,299,143 $1,443,035 $1,600,590 $1,773,024 $1,961,660
Depreciation $96,000 $96,000 $96,000 $96,000 $96,000
Amortization $0 $0 $0 $0 $0
EBIT $1,203,143 $1,347,035 $1,504,590 $1,677,024 $1,865,660
Interest Expense $63,500 $63,500 $63,500 $63,500 $63,500
PRETAX INCOME $1,139,643 $1,283,535 $1,441,090 $1,613,524 $1,802,160
Net Operating Loss $0 $0 $0 $0 $0
Use of Net Operating Loss $0 $0 $0 $0 $0
Taxable Income $1,139,643 $1,283,535 $1,441,090 $1,613,524 $1,802,160
Income Tax Expense $398,875 $449,237 $504,381 $564,733 $630,756
NET INCOME $740,767 $834,298 $936,708 $1,048,790 $1,171,404
Net Profit Margin (%) 31.2% 32.4% 33.6% 34.8% 35.9%

5 Year Annual Balance Sheet

FY 1 FY 2 FY 3 FY 4 FY 5
ASSETS
Cash $879,178 $1,797,074 $2,816,204 $3,951,813 $4,568,497
Other Current Assets $203,808 $220,689 $238,969 $251,217 $272,025
Total Current Assets $1,082,986 $2,017,763 $3,055,173 $4,203,030 $4,840,523
Intangible Assets $0 $0 $0 $0 $0
Acc Amortization $0 $0 $0 $0 $0
Net Intangibles $0 $0 $0 $0 $0
Fixed Assets $480,000 $480,000 $480,000 $480,000 $480,000
Accum Depreciation $96,000 $192,000 $288,000 $384,000 $480,000
Net fixed assets $384,000 $288,000 $192,000 $96,000 $0
Preliminary Exp $0 $0 $0 $0 $0
TOTAL ASSETS $1,466,986 $2,305,763 $3,247,173 $4,299,030 $4,840,523
LIABILITIES & EQUITY
Current Liabilities $91,219 $95,697 $100,399 $103,465 $108,554
Debt outstanding $635,000 $635,000 $635,000 $635,000 $0
Total Liabilities $726,219 $730,697 $735,399 $738,465 $108,554
Share Capital $0 $0 $0 $0 $0
Retained earnings $740,767 $1,575,066 $2,511,774 $3,560,565 $4,731,969
Total Equity $740,767 $1,575,066 $2,511,774 $3,560,565 $4,731,969
TOTAL LIABILITIES & EQUITY $1,466,986 $2,305,763 $3,247,173 $4,299,030 $4,840,523

5 Year Annual Cash Flow Statement

FY 1 FY 2 FY 3 FY 4 FY 5
CASH FLOW FROM OPERATIONS
Net Income (Loss) $740,767 $834,298 $936,708 $1,048,790 $1,171,404
Change in Working Capital ($112,589) ($12,402) ($13,578) ($9,181) ($15,719)
Plus Depreciation $96,000 $96,000 $96,000 $96,000 $96,000
Plus Amortization $0 $0 $0 $0 $0
Net Cash Flow from Operations $724,178 $917,895 $1,019,130 $1,135,608 $1,251,684
CASH FLOW FROM INVESTMENTS
Fixed Assets ($480,000) $0 $0 $0 $0
Intangible Assets $0 $0 $0 $0 $0
Net Cash Flow from Investments ($480,000) $0 $0 $0 $0
CASH FLOW FROM FINANCING
Cash from Equity $0 $0 $0 $0 $0
Cash from Debt financing $635,000 $0 $0 $0 ($635,000)
Net Cash Flow from Financing $635,000 $0 $0 $0 ($635,000)
Net Cash Flow $879,178 $917,895 $1,019,130 $1,135,608 $616,684
Cash at Beginning of Period $0 $879,178 $1,797,074 $2,816,204 $3,951,813
$879,178 $1,797,074 $2,816,204 $3,951,813 $4,568,497

 

What Is a Skating Rink Business Plan?

A skating rink business plan is a document that outlines the strategies you have developed to start and/or grow your skating rink business. Among other things, it details information about your industry, customers and competitors to help ensure your company is positioned properly to succeed. Your skating rink business plan also assesses how much funding you will need to grow your business and proves, via your financial forecasts, why the business is viable.
 

Why You Need a Business Plan for your Skating Rink Business

A business plan is required if you are seeking funding for your skating rink business. Investors and lenders will review your plan to ensure it meets their criteria before providing you with capital. In addition, a skating rink business plan helps you and your team stay focused. It documents the strategies you must follow and gives you financial projections you should strive to achieve and against which you can judge your performance.
 

Skating Rink Business Plan Template PDF

Download our Skating Rink Business Plan PDF to help guide you as you create your business plan for your own skating rink business.
 

Dave Lavinsky
Over the past 25 years, Dave Lavinsky, Founder of PlanPros has helped over 1 million entrepreneurs develop business plans.
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