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What do I need to run this business? A desire to be your own
boss and earn a lucrative income!! A vehicle with a tow hitch, to
pull a trailer, or a van. An adult
to run the Racer Kart events either you
or someone you employ. Safe storage location. A phone, either land line or
mobile, to take booking enquiries. Do I need any electrical or mechanical
knowledge to maintain the karts? Racer
Karts come with a full 12 month manufacturers warranty. Racer Karts are ADIPS
certified to ensure that they are safe and suitable for use in a commercial setting. Operators will need to
carry out routine maintenance this will include: Washing Racer Karts Checking the tyre
pressure and inflating if necessary Spanner checking the
fixings. Checking the seat,
steering wheels and foot pedals are secure and operating properly. A full maintenance
manual will be supplied with each Racer Kart mobile business package. Do I need insurance? You will need to check that your vehicle insurance
covers you to tow a trailer and inform your insurance company that you are using your
vehicle for business use. You will need business use class 1 for the
policy holder only. Additional named drivers will require
business use class 2 . Whilst driving, the trailer and contents are
covered third party only and will need to be covered for theft or damage by an additional
business insurance. You will need to take out a public liability
insurance policy. This same policy can cover you for theft or damage to the karts,
trailer etc and employers liability, if required Do I need a licence to operate this
business? No. We do not operate a licence system. You will be responsible for ensuring that you operate your Racer Kart mobile business in a safe and responsible manner. One of your best adverts will be word of mouth and so happy parents and event organisers will pass on your details to others who will want to book your services.
What area can I operate
in? It is your business; we
do not try to restrict you by limiting you to a specific geographical area. We would recommend that you limit your travelling
to within one hour to keep costs down. Travel within an hour's radius of your base will usually provide more than enough business for a full time operation.
How much does the mobile business cost? The Racer Kart mobile business with 4 karts, 8
battery packs, 4 chargers, standard inflatable circuit, electric blower, generator and
trailer is extremely economical. A typical package costs £16,200.00 excluding delivery or
taxes. Prices may vary depending on build costs at time of order. Individual quotes for a Racer
Kart mobile business with optional extras can be given to suit your specifications. If you are a start up business it could pay to
become VAT registered to claim back the VAT. Please seek
the advice of an accountant or check with the VAT office. How
much can I expect to earn? Birthday
parties will be evenly spread out over the year and it would be possible to run 2 or 3
birthday parties per week @ between £150.00 and £250.00 per event. Car
boot sales and markets are an excellent income generator. These are more seasonal than
birthday parties, with most car boot sales and markets running weekly on Saturday and
Sunday mornings from Easter through to the October half term. You can expect to take
£200.00 - £400.00 over an average morning, thats a possible £800.00 over a
weekend!!. Special
events such as car dealer open days, business launches and corporate events can be
arranged with a set fee for a full days operation. Your daily rate and can be
charged between £250.00 & £1000.00 per day depending upon location. Events
at agricultural or county shows, fetes, shopping malls, fun days etc will need to be
negotiated with the organisers. You will usually negotiate a set fee for the space,
however, some organisations, especially charities, churches and schools may want to
offer you free space and negotiate a percentage of the
income. £300£1000 expected income. Secondary
spend ideas: offer birthday party bookings, a pack of Racer Kart party invitations, party
bags with sweets, a small toy etc. Pricing and profits will vary upon what you offer.
Party bags can include contact details and invitations to encourage further bookings from
party goers. At
a fixed location the income will depend on opening times, i.e. hours open and the number
of children driving Racer Karts. Income example: 4 Racer Karts. 3-Minute rides. 7
Hours per day. 200 Days per year. £1 per ride = 80 rides per hour. Income
80x7x200x£1 = £112,000 / 50% efficiency = £56,000 |