An axe-throwing business is a profitable business especially if well-located and well-managed. Discover the earnings potential behind the success. Various factors influence profitability. Location plays a crucial role, as establishments in densely populated areas or near popular tourist spots attract more customers. The primary target market is millennials and young adults, ages 18 to 35, seeking novel experiences. They often visit for social gatherings, dates, and parties. Corporate groups also turn to axe throwing for team-building and events.
Business Plan Essentials
Put together a business plan covering location, activities, staff, equipment, and budget to ensure necessary costs are covered. Opening requires adhering to safety regulations but with a solid business plan, financing, and a commitment to safety, it is manageable. Costs vary based on location, size and equipment but estimating venue rental, equipment, marketing, salaries and more helps create a budget.
Different Axe Throwing Techniques and Growth
Consider the type of axe thrower and target.
- Flingers: use lighter axes suited for beginners.
- Spinners: throw heavier axes at high speeds.
- Catchers: use both hands allowing more control.
The location should be busy with a large demand for entertainment. Axe throwing continues growing internationally with clubs and federations spanning over 150 cities and 9 countries. Fun franchise opportunities combining business and entertainment are available as well.
Daily Operations
Day-to-day activities include setting up and breaking down the range, ensuring customers understand safety procedures, and managing expectations. Major venue planning and corporate decisions about managing a mobile or local range are usually involved.