Financial Planning for
Sports Facilities
Extensive Experience and Proven Strategies
With over 60 years of combined experience in managing both indoor athletic facilities and outdoor sports across the United States, we hold a deep understanding of historical expense and revenue figures that allow us to predict operating and cash flow estimates accurately. A crucial aspect of this process is recognizing the finite nature of the business; optimizing space usage to manage opportunities effectively is essential.
Critical Cost Management
Understanding significant fixed costs and controlling usage-based variable costs are vital for achieving desired profitability. Our approach focuses on meticulous cost management to ensure your facility remains financially viable.
Dynamic Financial Modeling
Our financial services include revising financial models as your project evolves due to changes in substance or circumstances. We typically construct multiple variations from planning to opening to accommodate any adjustments. Our financial models are crafted using a sophisticated, proprietary, table-driven spreadsheet.
The financial model will also serve as the cornerstone for the operating budget of your sports business, encompassing:
Revenue Streams:
- Leagues by sport
- Number of games per session
- Youth vs. adult participation
- Total number of participants
- Pricing strategies for individuals and teams
- Average hourly rates for leagues, rentals, and other programs
- Food and beverage sales
- Corporate marketing partnerships
- Non-traditional facility usage (rentals, parties, camps, clinics, tournaments, events, and festivals)
Expense Tracking:
- Construction and startup costs (staffing, legal, insurance, equipment, marketing)
- Utilities and ongoing staffing needs
- Management operation systems (computers, software, licensing)
- Communications (telephone, internet services)
- Maintenance and janitorial services
- Marketing and administrative overhead
- Insurance, taxes, and food and beverage cost of goods sold
- Dues, fees, and subscriptions
Get Expert Assistance
For more information on how to partner with the nation’s leading sports facility consultants for your athletic facilities, contact us at 502-632-6799 or send an email.