Wrestling Entertainment Business Plan


Wrestling Entertainment Business Plan


The current era of professional wrestling is hotter than ever. Professional wrestling has been the focus of 7 of the Top 10 Cable TV Shows each week over the past year. Jay Leno, Tonight Show host asked Shaquille Olsen, NBA Superstar Shaquille Neal, his favorite thing on television. Shaq quickly responded, “professional wrestling.”

The NBC Television Network announced the results of a national survey last February in which it listed the “top viewer sports” in America as:

  1. National Football League
  2. Professional Wrestling
  3. Major League Baseball
  4. National Basketball Association.

Professional wrestling is true family entertainment with demographics ranging from ages 3 to 93, 40% female, and very heavy in the 21 to 49-year old male market as well. A total of 35 million people also watch professional wrestling every week on television. Millions more attend sold-out arenas to see it in real life.

The World Wrestling Federation is led by Vince McMahan Jr. as president, while Ted Turner owns World Championship Wrestling.

TV Guide has forecast that the WWF and WCW will both make $550 millions this year. Vince McMahan made the WWF public in the first quarter and raised another $250 million. McMahan has been making so much money, he recently declared that he was starting his own professional football team (The Extreme Football League), in an attempt to be competitive with the National Football League.

There is a wide gap between the top two pro-wrestling organizations and all others at this moment. The closest to being third is a small group out of New York/Philadelphia calling itself Extreme Championship Wrestling (ECW). ECW fails to have mass appeal and profit potential because of its extremely violent and “hardcore” nature. ECW’s ratings for their weekly Friday television program on The Nashville Network (TNN) have hovered below the 1.0 mark, while TNN has promised their advertisers a 2.5 rating. IWA Championship Wrestling’s (IWA) goal and mission is to create a family-oriented television program and live events that maximize its appeal for viewers, advertisers, and those who are attending &#8220:live events and paying pay-per view.

It is the goal of the IWA to become the #3 pro wrestling organization in the industry within three years, while, at the same time, making a minimum of 10% of the current monies being made by the #2 organization (WCW) or, approximately $35 million per year, with projected costs of approximately one quarter that amount, thus creating a viable, profitable scenario for all of those involved.

1.1 Objectives

IWA Championship Wrestling has set the following objectives to be achieved during over first three years of expansion and growth:

  1. Be the third most popular professional wrestler organization in the industry.
  2. Secure a national cable television contract for a weekly one-hour program.
  3. Start producing the weekly, hour-long pro wrestling program.
  4. You must recruit top talent from the past and find new talent to help you develop writers and managers.
  5. Distribute and syndicate television programming around the world.
  6. Promote live event tours in areas with television programming.

1.2 Mission

IWA Championship Wrestling plans to create a family-oriented television network for both domestic and international distribution. The television program will be supported by live events tours. These additional revenues will come from:

  • Quarterly Pay-Per-View Events
  • Advertising revenues and sponsorships
  • Merchandising souvenirs and concession items and a variety of videos available for sale via live events and mail order.
  • Creation of an IWA Professional Wrestling School .
  • Engagement fees for IWA talent: Personal appearance fees

Within three years, the IWA is expected to be the number 3 professional wrestling organisation and a major industry player. Our programming will consistently receive TV ratings in the 2.0 to 2.5 range, and we will have used major established stars to entice viewers and fans to tune in while, at the same time, developed outstanding new talent from within.

The IWA is poised to compete for the second most coveted position in the industry, currently held by WCW, within five years and generate about $35 million annually in revenues.

The IWA will focus its appeal on filling the huge void in professional wrestling. It will provide ‘#8220family-oriented&#8221 and ‘#8220family friendly&#8221 professional sports entertainment programming and live events. The IWA is committed to family values and will appeal to more people than just hardcore fans.

There is currently no pro wrestling programming. The WWF and WCW are the only options for fans, and they look identical in format and design. It is part of the weekly television programming that emphasizes extreme violence, vulgarity as well as disrespect for women and authority.

Extreme Championship Wrestling, which is currently available on the Nashville Network (TNN), is the only alternative to WWF or WCW programming. It appeals only to the extreme, hardcore fan.

IWA fans will be encouraged encourage their children and grandchildren to follow our programming. The IWA will return ‘#8220;rasslin’ to professional wrestling and place more emphasis on talent, skill and ability than the twisted, demented stories currently in fashion with other organizations.

It makes strong business sense to appeal to the majority or masses of wrestling fans who range in age from 3 to 93, are 40% female, and very strong in the 21 to 49-year old male segment of the population. Pro wrestling need not be just for kids … or just for the hardcore extreme. The IWA will be able to tap into the ‘#8220’ main stream and will generate maximum profits.

Bowling Entertainment Center Business Plan


Bowling Entertainment Center Business Plan


This plan includes detailed information about investors as well as the information needed to create and run Kiln Creek Bowling Center. The plan includes details about the business’ growth, management methods, operating procedures, and infrastructure management.

Kiln Creek Bowling Corporation (Kiln Creek Bowling Center), was established in Yorktown, Virginia as a corporation pursuant to the Laws of the Commonwealth of Virginia.

Charles H. Collins Jr. Jane W. Collins and Charles &#8220:Chip Collins III form the dynamic management team responsible in the design, construction, development and implementation of company policy. They also manage the day to day operations. The management team is supported by 50 employees who are customer-focused and team-oriented. Kiln Creek Bowling Corporation has retained the services of a CPA company to conduct professional company audits and prepare taxes and payroll. They will also serve as business consultants to help in setting achievable long-term strategic goals.

Kiln Creek Bowling Corporation trades as Kiln Creek Bowling Center offers York County, Hampton, Newport News, and the surrounding areas quality family entertainment, products and service.

Kiln Creek bowling center is expected to have excellent sales for its first year due to the current prices of the restaurant and the bowling market. With good management, a healthy annual revenue growth is expected.

Each investor’s equity is determined by his or her investment. Topic 7.7 Business Ratios gives a more detailed explanation of Ratios.

To ensure Kiln Creek Lane’s continued success, there are many ways to reduce the risk factors:

    1. Obtain sufficient capital to build and cover expenses of initial operation. All investor capital will remain in escrow till the project is fully funded.
    1. Low overhead costs will increase the bottom line profit. They will employ multi-skilled staff, and will undergo continuous training to ensure that they provide superior customer service.
    1. Establish a loyal customer base. A great location can be determined using demographics. An aggressive marketing program, executed by a full time employee, will bring about desired results.
    1. Demonstrate how the business will enhance your quality of life by engaging with the community. In order to assist civic groups in reaching their financial goals, the bowling center will host community projects. For tours of the bowling centre, schools, churches, and any other group are welcome.
  1. All payments can be made cash, check, and credit card.

1.1 Objectives

Kiln Creek Bowling Corporation is building a 43,000 square-foot facility in Kiln Creek, Newport News, Virginia. The service/products include 40 computerized lanes for bowling, a full-service family restaurant and snack bar, as well a video game room and apparel shop. A miniature golf course will soon be added. The project will cost $4.5 Million. The commercial financing will be borrowed at 9.5% for 20 years. Kiln Creek Bowling Center will open its doors in September. In the first year, gross revenues are expected to be positive. Revenues will grow at a rate higher than inflation.

1.2 Mission

Kiln Creek Bowling Center’s purpose is to offer family entertainment in a pleasant, enjoyable atmosphere for residents on the north side Hampton Roads. It will provide exceptional service and use the most technologically advanced equipment. The facility is clean and can accommodate the whole family. The restaurant will be called “The Train Station,” and its decor will depict the golden era of the railroad industry. The casual environment will feature multiple TVs. Customers have the option to choose which television station they want to hear. The design will feature both replicas and artifacts from railroad furniture. It is intended to capture the romantic time of traveling on trains and eating on board. You will enjoy a casual dining experience, great food, and great service.

The restaurant will also have a full-service Bar, featuring live entertainment on certain nights and Karaoke.

1.3 Keys to Success

Kiln Creek Bowling Center has three keys to success.

    1. Location. Strategically located, the center will maximize profits from modern-day bowlers. The center will be built on Commonwealth Drive in York County near the Regal 14 Cinema. This location is located just half a mile from I-64 exit 255, in Kiln Creek Shopping Complex. This location is ideal for a multi-purpose center. According to York County Planning Division’s statistics of the primary markets (one to five mi radius), this location is excellent.
    1. Low Overhead Cost. Kiln Creek Lane’s management is committed to keeping overhead costs low. Charles Collins Jr. will act as the project manager while construction is underway, which will help to save around 15%. His extensive experience in operating bowling centers and his education as an industrial engineer contribute to his ability streamline operations and minimize unnecessary expenses. Many of his key employees will be able to perform more than one task by employing the best of the field. The center will have the most energy-efficient equipment of any center in the area.
  1. Wide Range of Services. Kiln Creek Bowling Center provides entertainment. This includes bowling, as well as a restaurant/nightclub, darts, billiards, arcade, snackbar, apparel/pro shop and a nursery for children. This will increase the number of customers, as well as give them more opportunities to spend their income and have fun.