Interesting idea.
Let's say you rent a 90,000 square foot building in an industrial area. We could ask in the commercial property thread, but I bet $10 per square foot per year is about right for rent. Add another $2 per square foot for operating costs (heat/electricity) and you have $12*90,000= 1.08 million
Figure on being open 5 hours on weekdays and 12 on weekends is 49 hours *52 weeks = 2548 hours. You probably need at least three people on staff any time its open for cleaning/maintenance/selling tickets/checking tickets/calling an ambulance for someone who hurts themselves. Figure that costs $15 per hour with wages/cpp/etc.
2548*3*15 = 115,000.
Add those together and you're around 1.2 million per year in costs. So you need to sell about 2000 people an annual pass for $600 to break even on extremely conservative costs, and that's before you pay anything for liability insurance. Maybe you could cover the missing costs selling day passes and running birthday parties.
You still need to convince one out of every 650 people in the whole metro area (including babies and the elderly) that they need an annual pass to an indoor bike park, which seems like a stretch to me. But maybe I'm underestimating how many people would be interested in buying one because I wouldn't be interested in buying one.
It sounds like a cool thing for a city to have though, so if you think it would work why not look into it? Spitball ideas are how many really neat businesses get going, and while the operating costs would be high it probably wouldn't take much money to start, since equipment would be minimal. I would try and see if you could sublease some of the space ahead of time (snack bar, bike sales/repair shop) to help cover your costs.
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