Aquarium Business Plan: Begin with the Feasibility Study
The feasibility study is the first step in starting a new aquarium, and should be prepared before the business plan. Leisure Business Advisors LLC (LBA) specializes in conducting this study, which is generally required by financing institutions. The study provides market and financial analysis and projections that will be used in the developer's business plan.
The study also provides critical physical planning recommendations for the aquarium business plan. It is critical that design plans are in line with market needs and expected cash flow. These planning guidelines need to be in place before the construction and building can start. Designers, planners, and managers can all benefit from the guidance provided in the study.
As part of the feasibility study, LBA can work closely with you in preparing the initial image package that would assist designers in the planning stage of development that follows the feasibility stage. We could provide a walk-through description and color artist conceptual images of your new aquarium seen through the eyes of a typical visitor. These would preliminarily suggest its planned "look and feel" in business financing and marketing presentations.
Gerner, our managing director, has conducted many feasibility studies
for aquariums and oceanariums over the past 20+ years. Gerner
Consulting (the previous name of LBA) evaluated the attendance and
financial impact of expanding the Maine Aquarium.
We pride ourselves on prompt service and are also sensitive to time constraints often involved in starting new development projects. If needed, our typically planned schedule can be accelerated for an extra fee. Our standard fee includes travel costs and other out of pocket expenses, so there are no unknown charges.
Click here to learn more about feasibility studies, and what is needed before the aquarium business plan is prepared.