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    7 Replies Latest reply on Jun 17, 2008 3:19 PM by Nikkosan

    Karate school looking for help

    Nikkosan Wayfarer
      My family and I moved from Syracuse, NY fice years ago to West Palm Beach Florida. We have been looking for a location to open another school, and haven't decided whether to rent or buy right now. While in Syracuse, we owned and operated two schools for fifteen years.
      Any advice or help on how to acquire any start up capital would be grealty appreciated.
        • Re: Karate school looking for help
          LUCKIEST Guide
          Karate school looking for help, Welcome

          You owned and operated two successful schools for fifteen
          years. Since moving to Florida,
          you have not been able
          to pursue your dream of opening another location here in Florida.

          How much start up capital are you looking for?? For how long?? and When and How will
          you pay me back??
          Have you developed a Business and marketing Plan that I can read??
          Do you know about SCORE?? SCORE is FREE and can help

          Good luck, LUCKIEST
          • Re: Karate school looking for help
            Nikkosan Wayfarer

            Luckiest -

             


            Thank you for the quick reply, and positive outlook on our situation. The amount of start up capital depends on whether we buy or rent a location. Financially, in the long run, it would obviously be more sound if we purchased a location rahter then rent. However, with the current market being the way it is, it is difficult to decide.

             

            Currently, my wife and I both work in the automibile industry. We both worj for Schumacher Automotive in the West Palm Beach area. She works in the accounting department, and I work in parts as a counter person. Ironically, that's how we met fifteen years ago!

             

            This may seem strange, but if you know our history a bit better, maybe you will understand better. Shorlty after I met my wife, I quit the auto business to run two full time martial art schools in Central NY. They paid most of the bills, but unfortunately in 2000, we decided to claim chapter 7 bk. While consolidating to one school instead of two. The economy in CNY was, and still is, anything but positive. We decided to move to Floirda in order to enhance our lives. For the most, everything since we have moved has been positive.
            We started working with a credit repair specialist last year, and currently our three credit scores are close to, if not above 600. We realize that this is not optimal, but we are working in the right direction.
            Regarding the karate school in NY, and why I didn't leave with any financial future is simple. I teach a traditional Japanese system of karate under a Japanese instructor. While he understands the need for a school/corporate mentality, he still leans more toward the school "Dojo' old days mentality.
            To understand my position better, please research Genbu-Kai Karate, and or Fumio Demura on the web. Hopefully, this will clear up any uncertanty.
            Nevertheless, I am looking to open a school preferably in the Palm Beach Gardens area of Florida. My thoughts are if another hurricane hits us, I don't want students deciding whether to pay their montlhy tuition to me, or the FPL (electric) bill. Also, I want ot be in an area that can still afford extra-curricular activities in consideration of our current economic staus nationwide.
            Eventually, within a year to a year and a half, I would like to be up an running full time, including offering an after school program, which is very lucrative. All I need is some help or direction.
            Thank you for your interest and time.
              • Re: Karate school looking for help
                Nikkosan Wayfarer
                Luckiest -

                 

                Thank you for the quick reply, and positive outlook on our situation. The amount of start up capital depends on whether we buy or rent a location. Financially, in the long run, it would obviously be more sound if we purchased a location rahter then rent. However, with the current market being the way it is, it is difficult to decide.

                 

                Currently, my wife and I both work in the automibile industry. We both worj for Schumacher Automotive in the West Palm Beach area. She works in the accounting department, and I work in parts as a counter person. Ironically, that's how we met fifteen years ago!

                 

                This may seem strange, but if you know our history a bit better, maybe you will understand better. Shorlty after I met my wife, I quit the auto business to run two full time martial art schools in Central NY. They paid most of the bills, but unfortunately in 2000, we decided to claim chapter 7 bk. While consolidating to one school instead of two. The economy in CNY was, and still is, anything but positive. We decided to move to Floirda in order to enhance our lives. For the most, everything since we have moved has been positive.
                We started working with a credit repair specialist last year, and currently our three credit scores are close to, if not above 600. We realize that this is not optimal, but we are working in the right direction.
                Regarding the karate school in NY, and why I didn't leave with any financial future is simple. I teach a traditional Japanese system of karate under a Japanese instructor. While he understands the need for a school/corporate mentality, he still leans more toward the school "Dojo' old days mentality.
                To understand my position better, please research Genbu-Kai Karate, and or Fumio Demura on the web. Hopefully, this will clear up any uncertanty.
                Nevertheless, I am looking to open a school preferably in the Palm Beach Gardens area of Florida. My thoughts are if another hurricane hits us, I don't want students deciding whether to pay their montlhy tuition to me, or the FPL (electric) bill. Also, I want ot be in an area that can still afford extra-curricular activities in consideration of our current economic staus nationwide.
                Eventually, within a year to a year and a half, I would like to be up an running full time, including offering an after school program, which is very lucrative. All I need is some help or direction.
                Thank you for your interest and time.
              • Re: Karate school looking for help
                Nikkosan Wayfarer
                Regaring how much capital would be needed for start up, that depends on whether we rent or buy. I am just shooting from the hip on the expense, but here's an idea. If we rent, approximately $100,000.00 for rent, expenses, advertising, equipment, etc... If we buy, most properties we have looked at in the Palm Beach area within 2000 s/f +/- has averaged around $400,000.00. Again, it all depends.

                No, we do not have a business/marketing plan togther yet, but if need be, we can put one togther and send to you.

                Please advise.

                Also, I am not looking for tomorrow, next week, or next year. I am looking at a 3-5 year plan. With the hopes that financially the US will be more on track within this time period. If you Google Martial Art schools in Palm Beach county, you will see the trend is moving north, as is everything and everyone else. I am trying to start in a virtually untapped market.
                  • Re: Karate school looking for help
                    ciordia9 Wayfarer
                    Are you tapped into the local Martial Arts community? Do you participate in meetups and know other dojo / community / training facilities? A strong local network gives you some pretty good power.

                    Have you thought about subletting from a current training facility to bootstrap your own and then use the proof to make a lateral entry into your own place?

                    Another thought would be to partner with one or more other trainers and make a community center.

                    Just thinking of ways to pool available resources of people and money to break through your local barriers. If the area isn't conducive to a large place start small and work your way up. Opportunities are made every day by just staying watchful to the market and having a network that has their eyes and ears keen to helping you.

                    -a
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                    • Re: Karate school looking for help
                      Nikkosan Wayfarer
                      Regaring how much capital would be needed for start up, that depends on whether we rent or buy. I am just shooting from the hip on the expense, but here's an idea. If we rent, approximately $100,000.00 for rent, expenses, advertising, equipment, etc... If we buy, most properties we have looked at in the Palm Beach area within 2000 s/f +/- has averaged around $400,000.00. Again, it all depends.

                      No, we do not have a business/marketing plan togther yet, but if need be, we can put one togther and send to you.

                      Please advise.

                      Also, I am not looking for tomorrow, next week, or next year. I am looking at a 3-5 year plan. With the hopes that financially the US will be more on track within this time period. If you Google Martial Art schools in Palm Beach county, you will see the trend is moving north, as is everything and everyone else. I am trying to start in a virtually untapped market.