What has developed is a family entertainment center, commonly also referred to as an FEC. Becoming an inductee to this lively industry calls for a need to know the dynamics of this industry.
FECs can come with arcade games, laser tag, mini-golf, bowling, and dining as to attract all families as well as attract all different age groups. This will depend on the strategy that comes with building a diversified and lively establishment that is attractive to families and other people of all ages. They are not just entertainment venues but places whereby people can socialize, and since they are memorable, it’s very good places for birthday parties among others.
You would do market research if you are building or expanding into an FEC, which would reveal the type of target market and level of local competition. The nature of your services will be determined by your customer. Quality attractions and a clean, safe environment guarantee retention of guests.
Marketing Strategy
A good FEC strategy always attracts tourists by successful marketing through social media and partnerships with the local communities. Promotions, loyalty programs, and themed areas are great engagement builders.
Being on its own part, born from those memories that last a lifetime, this business shall surely thrive and make strides in this excellent field if quality service and numerous options in entertainment are at the core of the business.
How much does it cost to have a built in entertainment center?
The first reason an Indian home-brewed family entertainment center FEC relies on other considerations impacting the total cost is that the average low-cost FEC, no matter what size, location, and other facilities, work out in between INR 10 lakhs to INR 50 lakhs.
Space and Infrastructure: The significant cost would be the space. Rent or buying a space could be a considerable cost and the renovation and setting up of small-sized space would require about INR 5-10 lakhs.
Games and Rides and other interactive Gadgetry: Game arcade and indoor play structure setup: around INR 3 lakhs up to 15 lakhs.
Manpower and Operations: Strength of staff and other costs towards operation including electricity, water, and maintenance works will roughly amount to INR 1-3 lakhs a month.
Marketing and Branding: A sum of around INR 2-5 lakhs towards the marketing campaign will bring in customers.
There is a high chance that success for a family entertainment center in India would emanate from schemes and strategic investment towards popular attractions serving its target audience.
How profitable are family entertainment centers?
Family Entertainment Centers are now growing very fast on Indian soil too. Growth is because of a burgeoning middle class, rising urbanization, and growing demand for leisure activities. Sometimes FECs can be pretty profitable, but it depends on many factors.
First and foremost, the location is very paramount. Due to the nature of the FECs, locations that are busy or near a mall attract far more visitors than those that are just anywhere. Furthermore, the diversity of activities offered would be lucrative; and several options, like gaming, bowling, and virtual reality could attract a wide diverse set of guests.
Investments for FECs can be very high and ranges between 50 lakhs and a few crores; however, the revenue generation potential is promising. Well-managed FEC can rake in between ₹2 crore and ₹10 crore in a single year solely based on its size and location.
Apart from the event collaborations with schools and corporates, additional revenue streams will be derived for the FEC. For all that, however, some competition and operational cost continues to exist, but the prospect of the FEC industry in India appears promising because diversified and varied entertainment needs for families continue to grow.
What is the future of family entertainment centers?
Family entertainment centers are rapidly changing in their efforts to be able to compete with fast-changing customers and rapidly transforming technologies. Most-evolved arcade games and mini-golf dominate the menu, and future FECs will predict offering immersive experiences in VR and AR, which would further increase interactivity and appeal.
One of the biggest glaring trends is technology integration. Come on, mobile applications for ticketing, gameplay, and rewards systems will see those integrated into the FECs to ensure an experience without any hiccups. Most elements of gamification are going to be found in most areas that make it appealing to a much wider audience and encourages repetition.
Sustainability is going to be the future of FECs. The majority of the centers that exist today focus the whole emphasis on the ‘green’ angle, such as saving energy with lighting and programs on waste reduction, and serving the green consumer.
This pandemic has shown that the new direction of people’s activities goes toward something that centers on family. This would highlight health and safety first, while hosting unique attractions in the arrangement of smaller groups. Examples would be private gaming pods and escape rooms.
Therefore, the future looks bright for family entertainment centers. It will be bright on both counts-innovation and technology and the experience that families will take home from their visit.
Who is the richest family in entertainment?
That should be the richest celebrity family in the entertainment line of the Kardashians and Jenners. Their wealth will approximate over 2 billion dollars combined. Business ventures as well as reality shows shall be the main sources of income for the family.
Her sister Kylie Jenner followed suit, launching her brand of cosmetics under the brand name of Kylie Cosmetics. Worth $900 million. Not only that, another member of the family has equally fattened the family kitty by taping “Keeping Up with the Kardashians” and her KKW Beauty brand and hundreds of endorsement deals.
Such has been the allure of these family-owned companies that they have now begun investing in a number of fashion, wellness, and lifestyle brands that generate very healthy revenues. The prospects to be kept high-profile within the entertainment industries through social media have not been diluted.
Others are the Clooneys, Smiths, and Baldwins to mention just but a few of such affluent family members who are always making front-page news because they’re rich, but of such families, the Kardashian-Jenner leads all others in terms of entertainment currently.
What is the best height for an entertainment center?
Once you decide on a suitable height for your entertainment center, then you will take many decisions that would provide perfect viewing comfortability and functionality. Standard Entertainment Center Height The standard entertainment center height is about 127 to 152 cm high from the floor to the top of the unit, which works somewhere in between 50 to 60 inches. The best height, however, may vary depending on what your seating arrangement is and according to your personal preference as well.
Ideally, if possible, a television screen that is only viewable from just the right angle should be placed at eye-level when sitting. Thus, it should ideally be hung in the middle. That normally falls within 42 to 48 inches and about 107 to 122 cm for the television itself depending on the height of seating you have.
You can consider the size of the television set, the type of look you want to have to general disposition of the room, and other add-ons such as speakers or any gaming console that you are going to play on that entertainment center. Versatile shelving is quite handy. Measuring the space and some heights with a mock setup are all primary considerations to make sure you get the right height for that amusing view of your entertainment center.
What does an entertainment center consist off?
An entertainment center is multi-purpose furniture that is especially designed with the aim of viewing amusement appliances and to view programs. Some of the key components that usually appear in an entertainment center are as follows:
Television Stand: This is the central item, which would hold a flat-screen TV. The stand usually is designed with adjustable shelves if one wants to mount different sizes of TVs.
Storage Cabinets : These cabinets should be installed in your room to store all your media devices, such as DVDs, Blu-rays, games, and remotes. They could have doors with it too.
Open Shelves : Used simply and mainly for aesthetic appeal to keep nice-looking things or books or electronic devices like gaming consoles, sound systems, and cable boxes.
Cable Management System : The design of some entertainment centers comprise and provides for cable control and concealing to avoid clutter and tangling .
Speaker or Soundbar Mounts : In some designs, there is space left for sound systems to ensure flawless audio can be accomplished .
Media Drawer: Dedicated place for small stuff, such as game controllers and cartridges and other gaming accessories.
Thus, an entertainment center is not just an empty gadget but is also a beauty look for the living space; therefore, an entertainment center is a perfect home entertainment device.
What is the meaning of family friendly entertainment?
The impression of family-friendly entertainment center is that the content is all age-friendly, more so for children and their caregivers. In this genre, they try to offer experience fun as enjoyed by the family members but not expose the smaller crowds to obscene themes or words.
Definition of Family Friendly Entertainment
Family-friendly content differs in other formats, such as movies, television, video games, and live performances. Often the content would be revolving around good values, such as kindness, teamwork, or respect for one’s surroundings; far from the hard adult themes through which violence, substance abuse, or explicitness would appear.
Family-friendly entertainment allows both parents and children to have ample time to spend together, thus allowing conversations that lead to better relationships. Some of the best examples of this kind of entertainment would include films from Pixar studios, television shows ideal for family use, and video games created to be played between children and adults.
Family-friendly entertainment is one of those markets that will always play a very major role in shaping the worldview of the child and providing wholesome fun for the whole family. And when there are engagement options of such content, it’s sure to build a safe nurturing environment that would ensure that families spend long hours with quality time together.
What is family-friendly space?
Family-friendly spaces are meant to provide friendly accommodation for families, positive interactions, and experiences that might prove useful to them. It could be a park, a community entertainment center, or portions of public facilities such as malls or libraries. Among the features defining these family-friendly spaces include safety and accessibility. Besides these is also quite a number of activities meant for people of different ages.
The rooms should be safe for family spending with one another, as most of them have good equipment, bright lights, and clear signages in order to spend spare time by families without worries. Then, disability access is important, as everyone needs to be able to participate in activities.
For example, family-friendly areas sometimes hold children’s playgrounds, quiet space, and social spaces. Therefore, for that kind of space, individuals surrounding are given different categories of options to bond with their families as they train how to interact within the society.
However, such spaces provide enjoyable lifestyles with outdoor activities, which in turn make people healthy at both physical and psychological levels. Investment in family-friendly communities creates quality life for the residents by promoting the unions of families by creating lifelong memories. In such a fast-moving world in which we live, such spaces must be created for nurturing relationships in the way of creating a sense of belonging.