Funding a Laser Tag business

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Funding a Laser Tag business

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Marauder

posts: 3

Jan 13, 2008 6:15 PM ET Quote Report Abuse

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Greetings everyone, this looks like a super place for information. I am glad I found it!

I am looking for sources of funding to start up a Laser Tag facility with an add on attraction called Cyber Sport. Large population with only 1 facility(small) in the area. I can and will do it better!

I have approx 50k to invest and will need 100-150k for building build out and working capital and I plan to lease the laser tag equipment. I have collateral (house/SEP-IRA), but want to stay away from using it. Last check FICO was 824.

What other sources besides SBA should I be researching?

Thanks in advance,
Scott

LiveWise

posts: 89

Jan 13, 2008 7:32 PM ET Quote Report Abuse

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I believe that you can do better than the one small facility. I loved laser tag the few times that I`ve been. I haven`t played in more than 15 years though.

Do you have more than Laser Tag happening? Is there an arcade? I recently visited a place that had Laser Tag, skydiving simulator, and the wave thing for indoor surfing and bodyboarding. There was also an arcade, bumper cars, miniature golf course, pizza, deli, and a gym (Parents going to the gym can bring their kids for fun.) These all seemed to be run independently and targeted the same audience of those who are trying to figure out what to do for fun. This was a new facility and the people were excited.

-------------------------

Natalie Berrett
Part of the largest and fastest growing bookstore franchises in the world!
100% Money Back Satisfaction Guarantee!
www.MyBookWise.com/LiveWise
FREE Preferred Customer Membership.
Save up to 42% on books, CDs, DVDs, and college textbooks. Video games are coming soon.
A portion of the profits goes towards helping abused kids and fighting illiteracy.

Marauder

posts: 3

Jan 13, 2008 7:38 PM ET Quote Report Abuse

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Thanks Natalie,
Yes, we are going to have video game arcade, hot food snack bar, party rooms, parent waiting room with TV and free Wi-Fi. I am also looking at adding a game called Cyber Sport. It is a game that is a mix of hockey, lacrosse and basketball, all while riding in a bumper type car.

Scott

LiveWise

posts: 89

Jan 13, 2008 7:51 PM ET Quote Report Abuse

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Sounds like you may have the idea for "The Spot" that people will want to hang out for the whole day. Good luck! I wish it was local for me. My little girl would love it.

-------------------------

Natalie Berrett
Part of the largest and fastest growing bookstore franchises in the world!
100% Money Back Satisfaction Guarantee!
www.MyBookWise.com/LiveWise
FREE Preferred Customer Membership.
Save up to 42% on books, CDs, DVDs, and college textbooks. Video games are coming soon.
A portion of the profits goes towards helping abused kids and fighting illiteracy.

DoorMat

posts: 289

Jan 13, 2008 9:52 PM ET Quote Report Abuse

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Mar,

What state do you live in?

CFOtoGo

posts: 67

Jan 14, 2008 2:11 AM ET Quote Report Abuse

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I`ve only played laser tag once, but I thought it was great fun. Especially when the teenage boys didn`t want to shoot someone who looked like their mother!

If you don`t want to use debt to finance your business you should write up a great business plan and presentation and then see if you can`t find some investors to help you out.

Marauder

posts: 3

Jan 14, 2008 6:27 AM ET Quote Report Abuse

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trey

posts: 4

Jan 16, 2008 9:50 PM ET Quote Report Abuse

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Are you looking for investors or partners?

Where is this going to be located?

Thanks

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