Building a New Park

Cost of the Amusement

There is nothing more fun than spending the days screaming on an exciting trip or spending all your salary on games, yet putting your hard earned money to build an amusement park is another story. These days, the cost of building such a place is billions. However, it depends on where and the extent of the park. First, it is the land and the location that is all.

Then you need the essentials like insurance, building permits, contractors and individuals to build the park and a theme in case you have one. It will also require that representatives work there when the building is finished and can hire maintenance personnel and an attorney if someone tries to sue him for any reason. Also, you will require food; and I do not mean going to BJ to buy mass, however, having partnerships with companies, prizes for games and the most important thing is advertising.

Unless you are already a billionaire, you will need to take out loans, which have a cost to eliminating them. You’ll need to hire accountants, managers and others to make the place work easily and, if conceivable, build a park accommodation to attract more customers. Considering everything, the invoice is around $ 2 to $ 200 billion if you look at a large amusement park cash in which you win over time, it will depend on the business and your close attention to the benefit of the customer that can make or break your deal.

How to Start an Amusement Park

The amusement park industry has shown constant attendance and income development over the last twenty years. [1] But not all parks are a victory. While a highly planned amusement park can generate steady income and huge amounts of capital, a badly planned one can be cash well. For your amusement park to be safe, both for your visitors and your investors, you must plan carefully, assemble an experienced team to manage the scheme and development, and carefully train your staff to ensure a smooth opening.

Planning your park and attracting capital

1. Select the type of amusement park that will open.

You will need to do market research to decide the scope of the market and the competitors in your area. In case there is already a park established in the area, it will be easier to enter the market if your park offers a substantially unique experience, whether regarding attractions or theme. The two main types of parks are water parks and emotion-based parks, which include exciting rides and other types of attractions. There are seven main types of theme. However, many parks join several of them

Adventure: exciting rides, riddle, action.

Futurism – Discovery, exploration, science, apply autonomy, science fiction.

Nature – Animals, gardens, natural miracles.

Fantasy: cartoon characters, magic, myths and legends.

History and culture – Historical atmosphere, areas with period themes.

Movies – Rides based on movies, acrobatics shows, in the background.

2. Decide between franchising or starting a new park.

Although starting your park will allow you greater control over the attractions offered and the style of the park, it also implies a greater risk. Starting a franchise will give you more support and a proven brand that will help raise capital. For an entrepreneur for the first time, it is a safer option.

3. Have an experienced group to conduct a feasibility study.

Amusement parks require a lot of capital to start, and it makes no sense to waste time and effort if there is no market for your park. The local market and tourist market, industry patterns and local competition to estimate costs, income and number of freshmen visitors can expect. This last number is colossally important since the number of first-year visitors will decide the amount that must spend to build a park that can accommodate them. Estimate too low, and your park will be full. Estimate too high, and your park will fail because of the inability to recover

 

 

 

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