K1 Speed costs $7.95 annually. Includes free helmet, headsock, scoring and offers. Races start at $20. Can reach 45mph, fastest available. Founded in 2003 by racecar driver Boris Said.
Need $500,000 liquid assets and $1.8 million net worth to qualify for franchise. Indoor tracks need 230 foot straightaways with 7 foot turns. Drifting available but loses traction and slows karts.
Make $35,500 annually, $17 hourly, lower than national average $66,000. Open weekends busy so weekdays best to avoid wait. Cater events for groups and companies. Sessions last 7-10 minutes, 12 laps.
Age minimums – Juniors 48 inches, adults 58 inches. Locations near family attractions ideal, concessions and parking help draw. Prime sites see high traffic.
Adult karts fastest at 45 mph. Juniors reach 20 mph. All electricimported from Italy, zero emissions. $5-$10 to rent safety gear as limits usage time.
Business planning critical first step. Research audience costs and frequency. Invest in marketing and partnerships. Join franchise to increase reliability.
Need 2,500-5,000 square meters space. $200,000-$500,000 investment pays off in 2-3 years. Sites near populations with leisure demand do best financially.
Is a go-kart business profitable?
To start a Go-Kart Track business:
- Explain the idea via a business plan.
- Project revenues/income.
- Decide if you will offer go kart rentals.
- Set prices for go karts.
- Have someone trained in repairing go karts on staff.
You need $300,000 for startup costs like karts, gas, tools, track materials. Pay employees $8-$20 per hour. Utility costs are $200-$400 monthly. Acquire licenses and vendors.
The plan outlines strategy to start and operate a business. Define goals – size, customers, services. Draft a mission statement that identifies purpose, market and unique selling proposition.
A go-kart business can expect to pay for kart depreciation, gas, maintenance, insurance.
Steps to start:
- Facilities
- Capital
- Location
- Go karts
- Safety
- Permits
- Marketing
How much does it cost to start a go-kart track?
LLC go-kart businesses can make between $500,000 and $700,000 yearly, if they attract and retain visitors well.
Kids can start at 5. Per kart profits are $30k-$60k depending on use rates.
Basic go-kart tracks make money from races, but some may charge extra for site-provided safety equipment. Customers can be charged, on average, about $5 per ride. Safety gear should be rented for between $5 and $10 as their use limits overall track usage.
Unique experiences and pricing. Revenue depends on location, competition and pricing. Tracks must be dynamic to get repeat drivers.