Laser Focused
Equipment Financing Laser Focused
Author: Stephanie Clarke
Date posted: 04.03.23

Brantley and Norman had run a successful laser tag arena for years in their community’s largest shopping center. They had a number of regulars and were also a popular spot for parties and events. As their city and the surrounding community grew, so did the demand for recreational facilities like theirs. When the opportunity to double the size of their facility came, the result of the store next door moving to a new location, they seized it. Believing the timing was perfect, Brantley and Norman signed the lease on the new square footage and completed much of the build out themselves, expanding the space of their laser tag arena.

Laser tag is an adrenaline pumping game featuring state of the art equipment. Teams work to capture their opponent’s base as lights flash and music pulsates. With the addition remodeled, Brantley and Norman embraced a laser focused mindset. Recognizing the opportune moment, they upgraded laser tag gear, sound systems, and smoke machines. They ensured all essentials were in place for an immersive gaming experience. With a laser focused approach, their aim is to double player capacity. Additionally, they intend to offer an exceptional event space for various occasions while consistently serving their dedicated regulars.

 

Norman took on the meticulous task of pricing the new laser tag gear, while Brantley delved into handling the other electronics, encompassing crucial elements like music, smoke machines, lights, and more. Currently, in the midst of their calculations, they are estimating the cost of equipment for the new area at $75,000. Simultaneously, they are projecting a refresh to the existing space at the same rate. Thus, the combined total investment seamlessly amounts to $150,000.

After researching loan options, Brantley and Norman believe equipment financing to be their best option. With equipment financing, they have the option to lease the equipment. Furthermore, they can choose to purchase exactly what they require outright at the end of the lease term. They feel they can repay the financing over a short period of time with the anticipated increase in customers and revenue. They provided the needed paperwork, including revenue reports and bank statements. With the assistance of a great credit score, the new equipment was then delivered and installed.

Notably, they successfully added additional player setups, leading to a steady increase in players, and an even greater surge in booking group events. In less than a year, as the lease came to its end, they efficiently purchased all the new state-of-the-art equipment, software, and electronics outright. Given their continued success, they are now strategically planning to add further equipment as needed and subsequently open a second laser tag location in a neighboring city.

About The Author | Stephanie Clarke

Stephanie has a bachelor's degree in psychology and has been a professional writer for over 15 years. Her client list includes New York Times bestselling authors, publishing houses, prominent public figures and successful business owners. She resides with her family in Florida.

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