Go Kart Business Plan

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You must comply with minimum age rules for drivers who are operating a kart alone and make sure drivers below the age limit have an adult accompanying them.

You should also obtain insurance on the track and buildings as well as liability insurance in case anyone gets hurt.

After you’ve got a better idea of the type of track you want to have, lease commercial property.

Look at warehouses—a popular choice for indoor tracks—which are easily accessible and offer a degree of visibility.

Will you rely mostly on selling individual tickets for rides or are you going to focus on monthly subscriptions and memberships to drive revenue?

Also, will you offer a full concession area and a shop for customers to buy gear?Expect to need about two to five employees, depending on the amount of carts you own.Develop safety training policies for your employees and youth, such as requiring children under a certain age to obtain a junior license.Shanika Chapman has been writing business-related articles since 2009.She holds a Bachelor of Science in social science from the University of Maryland University College.Other tracks focus on serious riders looking to race at top speeds using the latest industry carts.You may choose to pair your track with an arcade, party room and café, caterer or snack shop.In fact, the latest statistics show that over the past five years, the go-kart racing industry has grown by 5.7 percent with revenues of nearly 0 million in the U. It’s important to remember that your profits from a go-kart business aren’t solely based on the number of tickets or subscriptions you sell, but also on concessions, merchandise, corporate events and birthday parties.Understanding the steps to opening a go-kart business is the key to future success.Indoor go cart tracks remain a popular, year-round, recreational destination for people of all ages, as well as an outlet for serious racers.A challenging track paired with a youth-friendly track and other lucrative entertainment and refreshment options is the key to creating a fun environment and a lucrative career in the go cart industry.

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