Answer:
The following information summarizes the SWOT analysis for an escape room business. SWOT stands for strengths, weaknesses, opportunities, and threats. A SWOT analysis is a method for strategic planning that evaluates these four elements as they relate to the business objectives. Every escape room business should invest time into completing a SWOT to help ensure success.
Strengths
Relatively easy entry and low capital outlay.
Unique themes
Variety of difficulty levels
Game masters trained for role-playing and excellent customer service
Location is close to customers and relatively far from competitors
Regular changes to clues and puzzles
Weaknesses
Upset customers can potentially harm both business reputations or cause collateral damage by way of online reviews.
New to the area and market
Brand not well established
Limited capital
Opportunities
Reach a customer geography not yet catered for
Growing industry and popularity of mystery rooms
Unlimited number of new themes, game, and clues
Low barriers to entry
Threats
Another new entrant or current supplier expansion could potentially hurt market share.
While we do have a backup, the website could go down for technical reasons.
Sales tied to economic growth.
Game mechanism not protected under U.S. intellectual property law
Established companies expanding into the City
Explanation:
