Entity Business Plan Paper
The purpose of the following paper is to be able to inform the reader(s) of the paper about the business goals of the ownership and operations of a Sports Bar Franchise. The topics of discussion will include the description of the goal of the business and subtopics of the types of goods and services that are provided by any Sports Bar Franchise, what types of customers will this business attract, and lastly, how and where the specified services are made available. The paper will also include dialogue about the strengths and weaknesses of an assorted of business organizations and which one would be most appropriate for the author’s business venture.
The next section will illustrate the way in which separate commerce businesses function in the international legal atmosphere and to recognize any of the domestic and worldwide matters, which affect the assorted industry configuration and how those concerns can be successfully handled. Lastly, the paper will contain information about Sport Bar Franchise documents that are needed to initiate the business in the state of Maryland.
The purpose of a Sports Bar Franchise is to have the ability to supply its customers with quality food, beverages, and service, while also allowing the customers of the Sports Bar to be able to watch his or her favorite sports game while during the dining occasion and enjoying the food and his or her spare time at the establishment.
A web article that is titled Business Plan for a Sports Bar (n.d.) states, “Mission- Our goal is to be a step ahead of the competition. We want our customers to have more fun during their leisure time. We provide more televisions with more sporting events than anywhere else in the region. We provide state-of-the-art table-top audio control at each table so the customer can listen to the selected program of his or her choice without interference from background noise. We combine menu selection, atmosphere, ambiance, and service to create a sense of “place” in order to reach our goal of over-all value in a dining/entertainment experience” (para 9).
The targeted customer for sports bar franchises are individuals who dine out, but also take pleasure in viewing a variety of spectator sports at the same time. There are many different sports that are able to be observed when an individual is dining at one of these types of businesses.
Sporting is one of the universal activities that brings people from different backgrounds together and is viewed as an income generating activity that creates revenue for the participants as well as the location where the activities are held. The NCAA Final Four Basketball Tournament is one of the most anticipated sporting events in the US that attracts a high number of fans in the cities where it is held. Before the Final Four is held in given location, it is imperative for the organizers to have a detailed understanding of the venue so that they can introduce marketing strategies that are in line with the demands of the fans (Snipes & Ingram, 2007). The host committee is charged with the responsibility to come introduce an exhilarating experience for the locals and visitors. Owing to the interest generated
Siegfried, J., & Zimbalist, A. (2000). The economics of sports facilities and their communities. The Journal of Economic Perspectives, , 95-114.
"SBRnet | Sport Business Research Network." SBRnet | Sport Business Research Network. N.p., n.d. Web. 3 Dec. 2013. .
Being a fan give football meaning and importance on why this game excites everyone. Within the colossus size of a stadium, holds the heart of the image of football. Traditionally, spectators sit on rows of seats, eating, drinking, or even talking to spectators as the game rages on in the stadium. But, not only spectators can watch these games personally up close, but they can also be at a sports bar, a restaurant, or even at their home. Tailgating is one of the most popular ways of celebrating football by enjoying the game while cooking and serving delicious food like flavorful hamburgers, grilled hot dogs, tender barbecue, and much more. Created by the loyal fans, tailgating became a part of the experience in the tradition of football. Popular events like these, creates festivities of football that no other sport can contest to emulate an immense and engaging
Abstract: The Stadium construction boom continues, and taxpayers are being forced to pay for new high tech stadiums they don’t want. These new stadiums create only part-time jobs. Stadiums bring money in exclusively for professional leagues and not the communities. The teams are turning public money into private profit. Professional leagues are becoming extremely wealthy at the taxpayers expense. The publicly-funded stadium obsession must be put to a stop before athletes and coaches become even greedier. New stadiums being built hurt public schools, and send a message to children that leisure activities are more important than basic education. Public money needs to be used to for more important services that would benefit the local economy. Stadiums do not help the economy or save struggling towns. There are no net benefits from single purpose stadiums, and therefore the stadium obsessions must be put to a stop.
Adams, David. “Baseball Fans Strike Out As Stadiums Widen Net For Ads”, The Times (UK). May 7, 2004.
...reated by the sport franchise includes several other elements that the game itself, though it is the core focus of the industry (Bleacher Report).
In today’s world of big time professional sports there are the two major players and they are football represented by the National Football League (NFL) and baseball represented by Major League Baseball (MLB). Now there are other sports that the American public enjoys watching, however the argument generally boils down to which sport is the true favorite of the American people: baseball or football. In this paper I will attempt to examine both sports from several different angles to include attendance, television revenue, ticket costs, venues, salaries, entertainment value, and athlete perception. The goal of this exercise will be to determine, once and for all, which sport is the American favorite and can truly be called the “American Pastime”.
viewing of virtually any game one would like to watch. The more views a game
...movie, videogames, college and amateur sports, and eating out. As the price of attending a basketball game continues to rise teams need to offer motivations to fans, for example family and season ticket packages, to make game attendance more interesting for entertainment seekers.
On Friday, May 31, 2017, I observed a sports bar on my friends, Jacob’s, twenty-first birthday party. I decided to observe a bar for my observation because I like to go play pool and hang out with friends there in my free time on the weekends; however, this particular bar I have never went to before. I went to the sport’s bar located in Meriden, Kansas. It can be found on main street, a little bar in the middle of now where. This bar was incredibly small. It had two different rooms. The room located as soon as you walked in was the smaller one of the two and this room is where the bar was located with people sitting around it on barstools. The second room was bigger and more spacious; this is where tables and chairs were located. We could order
While sports for the spectators are merely entertainment, the economics of the industry are what drives businesses to become involved. Sports have become more of a business entity rather than an entertainment industry due to the strong economic perception of the over all industry. There are several instances in which economics may contribute to the effect on the sports industry, such as: the success of a team, the price of a ticket, the amount of money an athlete will make, and the amount of profit a team will make. The success of an...
As time progresses, watching and supporting sports is becoming more and more popular as a main source of entertainment. Many people have found ways to connect their jobs with their passion of sports. “The multibillion-dollar sports industry offers employment opportunities for management, marketing, and supervisory professionals at all levels of competition” (Sports Management 1). Depending on a person’s interests, there are jobs in professional, amateur, and even school sports. Once a person decides on a sport management career, it needs to be determined which area he or she more specifically wants to go into based on his or her interests and abilities.
The first step in any business is to think of or create a business idea. Without an idea, one cannot launch their business off the ground. A right direction is needed to create a business with a unique idea. However, other options include franchising or buying an existing business (1). Franchising allows an individual to run stores such as Burger King or McDonalds under the corporate name. It involves taking training classes and a heap of money in order to start a franchise. A Franchisee will have to buy products and services from the corporate entity they are franchising from, which is often required. Buying a franchise is like taking a piece of the pie from the company that is franchising and sharing that pie with everybody else. In addition having a franchise allows one to communicate and in essence become a big part of an added business opportunity (4). Franchising is far from easy to start and maintain for that matter. Starting a franchise involves a l...
The commercialization of sports is illustrated by the amount of money that is involved in sport. Stakeholders in the sector are using lots of money to improve their performances with an objective of making profit. Sport has changed its form and dimension and longer only a source of entertainment, but a...