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White Hutchinson Leisure & Learning Group, Kansas City, MO, USA

Audits of existing location-based entertainment venues

Many location-based entertainment (LBE) and family entertainment center (FEC) businesses retain our company's services to audit their existing businesses in order to determine how they can improve their financial performance and grow their business. An independent, fresh analysis from an outsider typically will identify things insiders can't or don't want to admit to. Also, our audits are the first phase of work to determine the best strategic direction for existing facilities looking to expand their facilities. 

Our audits examine many different aspects of an LBE's or FEC's business, including:

• Attendance by category
• Per capita spending
• Revenues
• Identify trade areas
• Trade area demographics and socio-economics
• Analysis of target demographic and socio-economics
• Competition analysis
• Operating expenses
• Labor cost
• Mix of attractions
• Food and beverage offerings
• Cost of goods sold 
• Birthday party and group business
• Facility layout and finishes
• Marketing

Audits include a review and analysis of historic and financial results and a visit by Randy White (www.whitehutchinson.com/ aboutus/ randy.shtml) , our CEO, to inspect and evaluate your LBE or FEC, meet with key management to discuss the business, inspect key competition and conduct other necessary market reconnaissance. Randy's visits normally vary between one and two days depending on the complexity of the work.

For poorly performing LBEs and FECs, our analysis includes a determination of the root causes of the poor performance so a turnaround plan can be developed to address those issues. 

Audit fees vary greatly depending on the size and type location-based entertainment venue and whether the audit is the first phase of work for an expansion.

Contact us (www.whitehutchinson.com/ contact/ leisure/ )  to learn more about how we can improve your FEC's or LBE's business performance and profitability.

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