Industry Analysis & Industry Trends
Over the past five years, the Shooting Ranges industry has rapidly recovered from the recession due to heightened enthusiasm for firearms fueled by fears of stricter gun control in the wake of several high-profile shootings. For example, gun and ammunition sales surged following tragedies in Aurora, CA, and Newton, CT, driving demand for shooting ranges from consumers who purchased firearms ahead of anticipated gun control measures. Such legislation never materialized at the federal level, however, and demand for industry services has begun to normalize, declining from its 2012 surge but nonetheless remaining high. Consequently, industry revenue will grow at a slower pace in the next five years.... 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 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 include restrictive zoning laws, lengthy permit processes and a shortage of appropriate real estate. However, leasing operations provides a 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