Results 18 to 34 of 116
04-24-2010, 10:47 PM #18
04-24-2010, 11:12 PM #19
04-24-2010, 11:37 PM #20
For a community service, we wish for a 'break-even' project
For a business entity, it's the profit that is important. It's generating income from the activity.
For a community service, we wish for a 'break-even' project. Otherwise members of the community could find themselves forking out money for a service that is not appreciated.
04-25-2010, 04:45 AM #21
If they just rent it and convert they put a similar level of money in to convert, pay what is likely to be a punitive rent, which means their memberships fees would be higher & they could get evicted if landlord does not sign a new lease.
In the long term the private clubs in the UK are a lot cheaper, and gernally have better facilities (as they invest in their own club, rather than penny pinching and not investing) than commercial sports halls/leisure centres.
It also means the community can use it whenever they want, tournaments when organised will be cheaper & easier to accomadate. It makes total sense as long as you have the people willing to devote their time to get it started and money of course.
04-25-2010, 04:54 AM #22
Nice place. Mat flooring over wood. Nice.
04-25-2010, 11:21 AM #23
Also, I'd think breaking even is less ambitious than making profits, and thus easier to achieve.
04-25-2010, 11:35 AM #24
04-25-2010, 01:07 PM #25
Also I doubt the members would be willing to take on debt...........
If it is so easy, do it yourself & reduce your badminton costs!
04-25-2010, 01:50 PM #26
As of today, we've 13 privately started dedicated gyms in our neighborhood (I might have miscounted). It appears there's an exponential growth here. This is in addition to the existing multi-purpose gym in community centers, colleges, and high schools. This growth seems to make starting a badminton gym look "easy", esp. I heard some started as a non-profit (similar to your situation?), and expands in number of gyms. How do they do it? Someone has to take some risks to begin with, I suppose.
Of course, I'm also aware of some dedicated gyms down south that are built from ground up (and not rented). They cost north of a million USD. So the spectrum here is quite wide. It all depends on your ideal. Which one are you shooting for? How high a demand you anticipate?
Do I want to do it myself, and cut costs? To start with, I never really like the idea of carry truck load of debt (i.e. mortgage). Rental suits me just fine. Sometime paying an ongoing higher cost in order to free up your capital for something else might be a better alternative.
04-25-2010, 04:39 PM #27
I wish them the best of luck!
04-25-2010, 08:47 PM #28
From what I've heard about Smash City, it was very hard for them to make back the money they spent on opening that place. Training is the main cause of revenue.
04-25-2010, 09:30 PM #29
It's very hard to make back the money spent
04-27-2010, 05:01 AM #30
I don't like how the prices kept going up... before it was only 3 bucks.. then 5... then 7... then 8.50.. one point it got to 10$... now it's average 8 bucks for an open gym... I wonder what the price will be like after 10 years..
I guess this is the result of having so many gyms...
04-27-2010, 11:03 AM #31
04-27-2010, 01:21 PM #32
At some point there will be an equilibrium and the price will stabilise, or if fewer people go, the gyms may lower to the price to keep their gyms full (at the expense of someone elses gym...
04-27-2010, 06:40 PM #33
I don't think that is the case. You got to know the opening a professional badminton gym here in Bay Area is something new. I don't think it is the demand, the demand is always there, but only to a limit. By opening a new gym, the population will be diluted and therefore not enough money to gain in 1 place. I really think the price is higher because not enough people are playing at there gym. They simply cannot lower the prices because it won't be enough to even pay monthly rent.
The reason I don't think there are more gyms because of the demands because whenever a new gym open, the rest of the gym lose customers. Haven't you noticed the trend? The owners simply cannot lower the price because even if they do, the customers aren't always going to their club. Mainly because factors such as competitive and locations comes into play. I know of a club that tried to lower their prices because they have few customers, however it went out of business after a couple of months.
I don't think the theory of supply and demand apply to badminton that much. It's pretty logic to think that if you lower your price to 3 dollars an open gym, and someone could always open another badminton gym and offer the same and all the other gym would offer the same rate. Your gym would go out of business in no time. I think the high prices are just to pay back the rent and investment they put in.
04-27-2010, 09:25 PM #34
I wonder what the price will be like after 10 years
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