Family Entertainment Center Development

Leisure Business Advisors LLC (LBA) conducts the feasibility study, the first step in family entertainment 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 entertainment 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. 

LBA conducted the feasibility study for Andy Alligator's Fun Park and a business valuation of Andretti Thrill Park. John Gerner, our managing director, also evaluated the operation of the NASCAR Speedpark chain of family entertainment centers. He also conducted studies for new FECs in Florida, Kentucky, New York, Alabama, and Bermuda. Click here for more details on his background.

He wrote an article for FEC Directory on "Taking the First Steps in Developing a FEC". Click here to read the article. 

We pride ourselves on prompt service and are also sensitive to time constraints. If needed, assignments can be accelerated for an extra fee. 

To learn more about our feasibility study process, click here.  

 

 

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