Given how popular Urban Air is with kids and teenagers, investing in it would seem like a good idea. IBISWorld estimates that the indoor family entertainment centers market in the US generates $10 billion in sales annually and will expand at a 3.1% average annual rate over the next five years. However, purchasing a franchise, whether it be Urban Air or another, entails a unique set of dangers and difficulties.
The initial investment cost, which can range from $1 million to $2.5 million depending on the location and size of the facility, is one of the main obstacles. Franchisees must also continue to pay the franchisor ongoing royalties and marketing expenses. This has a big impact on the investment’s profitability, especially in the beginning.
The intense competition in the indoor amusement sector is another difficulty. Other well-known brands that compete with Urban Air include Sky Zone, Get Air, Launch Trampoline Park, and Bounce Inc. Although Urban Air has a distinctive brand identity and a devoted consumer base, it is essential to stay on top of trends and innovate to beat off rivals.
Shaun and Jeremy Evans launched the first Get Air facility in Roy, Utah, in 2011. Like Urban Air, Get Air is a brand that provides indoor entertainment activities. It has more than 60 locations both domestically and abroad.
Ty Law, a former NFL player, and Robert Arnold, a business mogul, launched Launch Trampoline Park in 2012. Over 35 locations now exist in the US, with the first one having been established in Warwick, Rhode Island.
Do your homework and weigh the risks and potential rewards before making an investment in an Urban Air franchise or any other indoor amusement company. Additionally, think about things like location, market demand, rivalry, and financial viability.
Finally, there are a few things to consider before you begin trampolining if you’re interested in doing it. To prevent injuries, warm up and stretch appropriately before exercising. Second, dress appropriately and put on supportive shoes and apparel. Last but not least, abide by the facility’s safety regulations and instructions to guarantee a secure and happy session.