step 1 - market research - is there a MARKET for your idea? (Aka customers) and how many of them? At what price?
Some of that is a guess,but go look at other go cart places and get pricing, see what karts they run, paperwork, etc. No need to reinvent teh wheel on any of this.
So now you have an idea if there is a market and a guess at the revenue you might be able to generate.
Now..costs...the building, mods to it (guard rails, waiting area, bathroom, etc). Call you local town and ask - is this permitted at all? and what is necessary? HERE in my town you need X number of parking spaces based on capacity of building, they need to be 10 feeet from the road and neighboring properties, you need X number of handicapped spaces based on total parking lot size, etc, etc - and that's JUST the parking lot - you get mroe for interior space, bathrooms (sizes, handicapped accessible, etc).
Carts, parts, fuel, tires, storage for all that. Any old cart won't do - they make carts from simple to wild..
Insurance, banking, incorporation, employee's needed, etc.
You put all this together as a business plan and proposal then go see a bank. Expect to be turned away - banks MUST protect their depositors money - they DO NOT take risks, and a startup like you describe is a big risk.
It's usually easier to get a second mortgage and then use that money to start the business.
Hey guys, I've been kicking this idea around for a while and I've been getting more and more curious about it lately. Since there is nothing to do in my town after dark, i was thinking there should be something started to keep people busy that don't have hobbies or maybe just need to blow off some steam. I was thinking an indoor go-kart track would be just the thing. Being indoors, it wouldn't matter what the weather is outside, if you can get there, you can race. All I would need for building would be a sizable shop or warehouse with a fair amount of open space and a concrete floor. Bathrooms would be a good idea too. Then there's the go karts. There's usually amusement style go karts for sale in a lot with spare parts. They usually run about $1000 to $1500 per kart but these are already set up and ready to run. I think the things I'd need to round up would be: and air exchanger bigger than is necessary for the size of building I obtain, cash register and/or card machine, all the legal documentation to waive responsibility for personal injury, insurance for the property, and I'm not sure if I'd need insurance for injury if I had the necessary paperwork, and of course a business loan to cover the start up costs. I'm sure I missed something. I figured with all the people that are on this forum, there has to be somebody that has done something similar and maybe that person(s) will have advice for me as to what I'd need to do, make happen, or watch out for. Also, is this a good idea at all? I think there's enough people in town to support it but I'm not sure (15,???). Any advice or tips would be greatly appreciated. Thanks!