Industry Analysis & Industry Trends
Revenue for the Shooting Ranges industry has fallen due to poor economic conditions over the past five years. Rising competition and waning demand have also caused industry profitability to drop. Also, due to a number of recent tragedies involving firearms, the government may enforce stricter gun control laws, hurting demand.... purchase to read more
Industry Report - Starting a New Business Chapter
The Shooting Ranges industry has low barriers to entry. Although ranges may be indoor or outdoor, new establishments can set up operations relatively easily. One barrier to entry for firms is obtaining the necessary capital to purchase or rent land to set up a range. Additionally, new firms must be able to afford and acquire liability insurance.
Other barriers to entry firms must face include restrictive zoning laws, lengthy permit processes and a shortage of appropriate real estate. However, leasing operations provide a relatively lower-cost alternative for entry. Additionally, successful industry establishments must be close to other entertainment facilities, but rent can be high due to strong commercial demand... purchase to read more