Inqila is your one-stop shop for incredible indoor playground solutions. From an exceptional range of equipment to the highest quality materials, safety certifications, and rigorous installation training, you’ll find everything you need directly with Inqila. While indoor playground equipment comes with a high upfront cost, this blog will detail how your new playground can help you achieve long-term savings, how to calculate your ROI, and the benefits of the initial investment.
How Indoor Playground Equipment Can Save You Money
When it comes to indoor playground equipment, many business owners often focus solely on the upfront cost without considering the long-term expenses. However, understanding the true cost of this equipment is essential to make informed business decisions and maximize your return on your initial investment. For example, in addition to the initial cost of playground equipment, you need to factor in operating costs, repairs and maintenance, staffing, and other operational needs. However, by understanding these things, you can make informed choices on the most durable equipment, for example. Or a structure that has countless positive reviews praising its engaging features or the speed at which it allows families to start having fun. This blog goes into more depth on the economics of using indoor playground equipment and how to calculate ROI and cost savings.
Calculating ROI
Determining the return on investment (ROI) for your business is crucial when considering an upgrade to a more modern, attractive playground. Calculating the ROI involves comparing the cost savings and revenue benefits from the new equipment with the initial investment.
To calculate the ROI, start by determining the total cost of the new playground, including the purchase price, installation costs, and any additional expenses such as theming or accessories. Then estimate the annual savings and new revenue the equipment will generate, including reduced maintenance costs, higher ticket sales, and increased customer retention.
Next, divide the annual financial benefit by the equipment’s total cost, then multiply the result by 100 to get the ROI percentage. For example, if the total cost of the new playground is $50,000 and the annual benefit amounts to $20,000, the ROI would be calculated as follows:
($20,000 / $50,000) x 100 = 40%
This means the new playground equipment has a 40% ROI, indicating it will pay for itself in 2.5 years (100% divided by 40%). Any revenue generated beyond that period will be additional profit for your business!
Calculating ROI helps you make an informed decision about investing in high-quality playground equipment. It provides a clear understanding of the financial benefits and helps you determine whether the investment is worthwhile for your business.
Cost Savings
When it comes to indoor playground equipment, one of the biggest benefits of purchasing a commercial-grade structure is the significant cost savings it can provide for your business. Investing in a high-quality, durable playground that is built for the rigors of your business can help you save money in various ways, allowing you to maximize your profits.
As a breakdown, imagine you invest $40,000 in a top-tier playground structure. With durable materials and safety-certified designs, you can significantly reduce your repair bills compared to cheaper, lower-quality alternatives that break down frequently. Additionally, the cost of replacement parts for high-quality equipment is much lower over its lifespan than the cost of constantly replacing entire sections of a poorly made structure. Over time, these savings add up, helping you to cut costs and improve your bottom line.
Reduced Energy Consumption
One major area of cost savings is the reduction in energy consumption. Modern playground equipment can be designed with features that require little to no electricity, minimizing the impact on utility bills. For a large family entertainment center, this translates into substantial annual savings.
Over time, these savings can add up significantly, contributing to a healthier bottom line for your business. Another cost-saving factor is the reduction in maintenance and repair expenses.
Employee and Customer Satisfaction
If your indoor playground is used in a busy family entertainment center, it can save families the daily cost of finding other activities. On average, a family outing to a movie or event can be quite expensive. For families who always rely on finding fun, this could save them a significant amount of money each week and time spent searching for entertainment. This, in turn, ensures they have access to a great play space just a short drive away, saves them money, and contributes to their overall satisfaction and loyalty.
Reduced Repair Costs
High-quality playground equipment is built to last longer and require fewer repairs, which can save you money on costly maintenance fees. Additionally, with more robust materials and construction, these structures minimize downtime because you won’t have to close sections for ongoing repairs. This can lead to substantial savings in terms of both lost revenue and repair costs.
Furthermore, investing in high-quality playground equipment can increase revenue. These structures often feature more engaging and innovative designs, which can improve customer satisfaction and loyalty. Happy customers are more likely to return and recommend your business to others, potentially increasing your sales and boosting your profits.
In summary, upgrading to high-quality playground equipment can result in significant cost savings for your business. From reduced maintenance expenses and downtime to increased revenue from improved customer satisfaction, the financial benefits of investing in a commercial playground from Inqila are undeniable.
Choosing the Right Indoor Playground Equipment
If you’re on the fence about purchasing commercial playground equipment for your business, or wouldn’t know where to start with choosing the right one, turn to Inqila. The play experts at Inqila will gladly assist you in matching you to the right equipment. The structures available suit every need, from massive multi-level playgrounds to simpler toddler areas. You’ll find the perfect setup to suit your business needs, along with ongoing training and support from the Inqila team.
Additionally, all the extra bits can be sourced directly from Inqila. Fun slides, challenging climbing walls, colorful ball pits, custom themes, and beyond. Browse the website today to find the perfect commercial equipment for your needs and begin your journey toward increased customer satisfaction, reduced costs, and, most importantly, exceptional fun.
