Resort Business Plan: Begin with the Feasibility Study
The feasibility study is the first step in starting a new resort, 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 resort 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 resort seen through the eyes of a typical visitor. These would preliminarily suggest its planned "look and feel" in business financing and marketing presentations.
John Gerner, our managing director, has conducted many feasibility studies for resorts over the past 20+ years. 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.
Click here to learn more about feasibility studies, and what is needed before the resort business plan is prepared.