To Partner up or to give up

[flamewielder]

Hello Everyone,

Looking for general advice, recommendations, and possibly connections.

I started an Archery Tag/Combat Archery company to host private and public events.
It's played in a similar manner to airsoft or paintball except with bows and foam tipped arrows.

The business didn't get anywhere as I had a partner drop out and I got very busy with my tax preparation work/business.

I'm currently in So Cal with equipment for 40 people but am unsure as to whether I should find a partner to take over the operations, try to sell the equipment to another entrepreneur (I would probably get half price) or try to piecemeal everything off.

I have two potential employees and some framework but I don't have the capacity for full management.

 

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[PizzaOnTheRoof]

What is your target demographic?

 

[flamewielder]

For private events we were trying to work with local colleges. Would like to have gone for corporate events as well.
Main audience was 15-26 year olds.

 

[PizzaOnTheRoof]

For private events we were trying to work with local colleges. Would like to have gone for corporate events as well.
Main audience was 15-26 year olds.

I like it. Where do you usually set these games up at? How much expense/revenue per event?

 

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[MitchM]

How large was your initial investment and how much more would it take to get things running?

It’s possible that you could find someone as a manager that will partner with you and do most of the work if the person is passionate about it and the deal makes sense (depending on how much you’ve invested).

It definitely sounds like a fun business to me.

Edit: I would also host a few events with a rented space to see how everything clicks before moving forward. Shouldn’t be too difficult since you’ve already got the equipment.

 

[flamewielder]

I like it. Where do you usually set these games up at? How much expense/revenue per event?

I normally had to find a field or rent one. I was trying to get going so I charged $25 a head while market rate is $35-45.

 

[flamewielder]

How large was your initial investment and how much more would it take to get things running?

It’s possible that you could find someone as a manager that will partner with you and do most of the work if the person is passionate about it and the deal makes sense (depending on how much you’ve invested).

It definitely sounds like a fun business to me.

Edit: I would also host a few events with a rented space to see how everything clicks before moving forward. Shouldn’t be too difficult since you’ve already got the equipment.

Initial investment wasn't bad, under 10k.
Its whether or not I should try to get this going again or just sell or my stuff.
Tons of fun and I hosted a few events but couldn't put time aside regularly.

 

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[Tourmaline]

Tons of fun and I hosted a few events but couldn't put time aside regularly.

What's stopping you?

Seems like the business has potential.

 

[PizzaOnTheRoof]

I normally had to find a field or rent one. I was trying to get going so I charged $25 a head while market rate is $35-45.

Ok cool. Here’s what I would do...

Find local churches/schools and offer to host a give back day using their facilities. Offer them 15% of the sales back to the church/school as a donation. They can even market the event as well.

Hit up some local food truck/vendors to join in on the deal and market for you as well.

Live music, other games, etc...

I’m sure many of these places would love to make it a regular event.