Go Kart Racing Business

Summary: Kart racing today is associated with both young drivers as well as adults. It’s a low-cost but relatively safe way to experience the rush for speed racing, the thrill of adrenalin racing through your veins as you zoom down a track circuit.

This kart racing business guide will help you start this exhilarating and fun filled go kart venture.

Identifying your target market

Begin by determining the purpose of your go kart business. Why do you want to pursue this business? Was it a hobby for you? Do you want to create an experience for young drivers? Then identify your target market. First decide if your business will be a racing business or will it be purely recreational.

Revenue flow

Determine how your business will make money? Since you’ll be providing a form of leisure in a form of rent, how much will actually be made from each rent? When making profit calculations, factor in overhead estimations like fuel, tire wear and tear, insurances and safety equipment gear and so on. Identify your monthly expenses, from the expenses you occur during business hours, and also from debts you incurred during your go kart start up costs. One can then determine how much needs to be serviced or rented out to break even. Don’t operate or run your business short. It will cost you.

Get a business license

Consult with a lawyer who will help you protect your business with properly written contracts, terms of agreements and the like of such. A poor preparation can cause a business huge sum of money lost. With the aid of the lawyer, request assistance to help you file for go kart business license for your venture.

Find a location for your kart track

Determine the type of track you want to use. Speedway racing uses asphalt or clay oval tracks which are normally 1/6 mile and 1/4 mile long. Often the track shape parallels that of an oval. Consult a real estate agent for potential locations. Or you may choose to have a portable track for hired special events which used mainly for recreational driving for youngsters.

Purchasing your go karts

Buy only from trusted dealers.
Search the web for several trusted go kart brands. Survey and compare their prices. Choose the top 3 that peaks your interests. Then schedule a date to visit these store locations.
Check the wheels, belts and the insides.
Before you decide to purchase any kart, inspect the go kart model offered. Check the wheels and the safety belts. Do the belts lock? Also check the braking mechanisms of the unit. Check the chassis and also the engine used. Check the spark plugs and also the motor chain for damages.
Look over the frame
Are they sturdy? Check for dents and rust.
Check the oil.
Make sure the oil is clean and it doesn’t smell like gas. Check for leaks.
Test drive the steering action
Give the kart a test run and check how well it steers and brakes. This is the ultimate test to satisfy your concerns.

Persist

This is in my opinion the most important step in running a new business. Without persistence, you won’t even be able to get to base two. You have to believe in what you are and hang on to it. Get tougher when the situation calls for it. Develop worse scenario back up plans to catch you. Don’t expect your business to become an over night success. A boxer doesn’t win in the match itself, he wins by preparing to win by persisting.

61 Responses to "Go Kart Racing Business".

20. Fastline Group & ROC Timing Systems on 12/31/2009 9:11:46 AM

Fastline Group & ROC Timing are able to assist you in every aspect for starting up a karting centre. We supply everything you need and also have consultancy services available to assist you with the knowledge required. We have in house staff that have spent over 10 years managing some of the premium UK karting centres and we are happy to impart our knowledge. For a copy of our catalog that will be of great assistance to you please email us at sales@roctiming.com

We supply centers such as Michael Schumacher Kart Centre, Brands Hatch UK, Phillip Island Australia and Sepang Malaysia. We are also happy to offer ball park budget costs so that you can see if the project is feasible right from the start! feel free to visit our websites: www.roctiming.com, www.fastlinegroup.com

27. Rukshan Halpita on 2/6/2010 2:10:18 AM

Sri Lanka. Attn Ravi Totagi - hi friend i too am going to start this business with an Indian super duper Kart supplier. Please contact KNK Karts and if you mention my name i would have much regard from Mickey (The owner) for my project. He has super balanced karts and provides you the best advises for designing and providing services and how to run your business. He came and visited my land and was happy about it. Now i am acquiring the land and im sure you would get MICKEY'S support 100%. He knows what he talks and he sounds very professional and supporting. Dont forget IT IS KNK KARTS INDIA. Their website is www.knkkarts.com (They are from GOA)

41. Cedric Tecpro Barriers on 4/26/2010 4:28:10 AM

Hi everybody, I work for a go-kart safety barriers society, Tecpro Barriers (www.tecprobarriers.com), we are too a supplier of the FORMULA 1 and equipped the circuits of: MONACO, MONZA, BARCELONA, VALENCIA, PAUL RICARD, MACAU, the totality of the SINGAPORE GP and the YAS MARINA Circuit (ABU DHABI). We are present in 30 countries and equipped more than 300 circuits worldwide (go-kart, street races and F1). TECPRO Barriers are approved by the FIA, the CIK and many other race-car Federations. We have an experience of 15 years of go kart installation and for that I can responds at your question: for around 700 m of track the costs are (in Euros):
- 100 000 to 300 000 € for the ground (depending of your type of ground)
- 200 000 € for 40 karts (example for Sodi kart)
- 3 000 € per month or 60 000 € for the tinming system
- around 100 000 € for a complete safety system installed.
I hope to have help you in your research, do not hesitate to contact me if you need further information concerning go kart projects. cedric@tecpro.fr, Good luck to all,

51. sheila Sulli on 6/21/2010 9:53:53 PM

I have 90 acres of property in bloomfield new york We are about 20 miles from Rochester New York and 5 miles from Victor New York and 8 miles from Canandaigua New York. I presently rent my property to a local farmer. My thoughts are to open a family fun center which includes Go-Karts, Batting cages, driving range, small concession stand. I would like to start with the Go-Karts and get into the racing aspect being that we are in a rural area. Please give me some Idea as to cost if possible. I really believe that this would be a great location and there is no other places around that could offer all these different activities at on location.

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Identifying your target market

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Get a business license

Find a location for your kart track

Purchasing your go karts

Persist

61 Responses to "Go Kart Racing Business".

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