Aquarium Investors: How to Prepare for Them
The feasibility study is the first step in starting a new aquarium. 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 business plan. It is critical that design plans are in line with market needs and expected cash flow. These planning guidelines need to be established before financing is in place. Designers and managers can also benefit from the guidance provided in the study, in addition to the project's investors.
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 images would suggest its planned "look and feel" in business financing and marketing presentations to investors.
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, the key document needed by aquarium investors.