Looking for Advice - Businesses Catering to Kids

[Michael Jones]

Hey group,

I was looking to develop a 2.5 acre commercial parcel that I own on a fantastic artery in town, but as I've gone through the process of architect renderings and meeting with the city, I think the property is too small for highest and best use. There's a glut of office and medical coming within a 1 mile radius of my property and it makes sense to go another direction.

Based on the demographics and needs of the area, restaurants are sorely needed, but we also have ZERO facilities for kids and their families in town. In a suburb just outside of Austin, this means most families are travelling around 30 minutes for entertainment.

I'm considering selling the tract of land that I own to use those proceeds to pick up a larger parcel not too far away. 

The big question is: what research/materials would you recommend reviewing when looking to either build and lease out a kid friendly building OR taking the jump into actually operating or co-owning a kid oriented business. With the parcel I'm considering, I could fit a trampoline park/gym, a family oriented arcade restaurant, and/or a science driven interactive facility.