Are you in the beginning phases of starting your own laser tag business? If so, one of the first things you'll need to do is secure a location for your new business venture. You could lease commercial space to house your laser tag system, or you could make things a whole lot easier on yourself and opt for a pre-engineered metal building. Here's why.
Cost Of Leasing Space Vs. Buying A Steel Building
Leasing Retail Space. The cost of leasing a retail space varies widely depending on what city you're in, where in the city the space is located, and how popular the surrounding commercial spaces are. According to the national average, you can expect to pay about $38.77 per square foot, per year to lease a spot in the mall to use for your laser tag facility. If you find a suitable space in a strip mall, the cost drops down to $16.54 per square foot, per year.
You should allot at least 166 square feet of space for each player your laser tag system is capable of supporting. For example, if you plan on buying a 16-gun (supports 2 teams of 8 players each) laser tag system, your establishment should have a minimum of 2,656 square feet of space. Based on the national average, it would cost you $102,973 a year to lease this amount of mall space or $43,930 per year to rent an equal size space in a strip mall.
Buying A Pre-Engineered Metal Building. The high-end price range for a pre-engineered commercial steel building is $20 to $40 per square foot, which would put the cost of one capable of housing a 16-gun laser tag system in the ballpark of $53,120 to $106,240.
Of course, you'll still need a plot of land to put your building on. How much does land cost? It varies widely, but according to a recent study, one acre of developed land is valued at roughly $106,000. Still, though, the cost of a high-end steel building large enough to house your new business -- plus the land to put it on -- is only slightly more expensive than leasing the average mall space for 2 years and slightly less expensive than leasing a spot in a strip mall for 5 years. Perhaps the best part, however, is that you get to keep your facility and resell it if your business venture doesn't work out.
Some Added Bonuses
What if your new laser tag business really takes off? If you're leasing a retail space, you'll need to wait for your lease to run out, look for a bigger facility, and then move all of your equipment there. You'll also have to do what you can to recover any flyers or announcements you've distributed that have your old address on them, and distribute new ones that detail the location of your new, bigger facility.
When you buy your own land and steel building, you'll worry about none of these things when it comes time to expand. Pre-engineered metal buildings are built to be assembled quickly, and since you never signed a lease agreement, you won't have to worry about waiting for it to expire before you can add on to your existing facility. All you'll have to do is call the metal building contractors who installed your initial facility and let them know you're ready to purchase an extension kit for your building model. Your laser tag arena will get bigger, but it'll keep its address so those who have visited and want to return know right where to find it.
If you're about to start a laser tag business, take the inexpensive route and purchase some land and a pre-engineered metal building from a company like Commercial Industries Company Inc. While the initial investment is slightly more expensive, you'll save plenty over the long run. Furthermore, because you'll own your facility once it's paid for, you can choose to sell it or expand it based on how well your new business performs.