Family Fun Center Development
Leisure Business Advisors (LBA) conducts the feasibility study, the first step in family fun center development. Industry consultants typically prepare this study for the developer, and it is generally required by financing institutions or investors.
The study forecasts targeted usage by applying market penetration rates to market segments. These rates are influenced by market size, demographics, competition, and the experience of comparable facilities elsewhere.
The feasibility study also projects potential financial performance and recommends the maximum development costs that would allow an acceptable return-on-investment to investors. These are key issues for those that may finance the project.
The study also provides initial physical planning parameters to assist the family fun center designer during the design stage of development. It is critical that the designs are in line with market needs and expected cash flow. These physical planning guidelines need to be in place before construction and building can start. Designers, builders, and managers can all benefit from the guidance provided in the study. For more details on the feasibility study process, click here.
We recently completed a feasibility study for a proposed family fun center in New England and a children's fun center in Southern California. John Gerner, our managing director, has been a consultant for more than 20 years and has also conducted studies for new FECs in Florida, Kentucky, New York, Alabama, and Bermuda. Click here for more details on his background.
He spoke at IAAPA's annual convention on "How Much is Your Attraction Worth? Identifying and Maintaining Value." Click here to download the presentation slides.We pride ourselves on prompt service and are also sensitive to time constraints. If needed, assignments 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 or set up fees. After the feasibility study is complete, we typically assist the developer in preparing the business plan at no additional charge. Click here to contact us and take the first step to create and build your new family fun center.