Start an Aquarium - What is The First Step?
The feasibility study is the first step in starting a new aquarium. Leisure Business Advisors LLC (LBA) specializes in conducting this study, which is typically required by financing institutions and investors.
The study provides market and financial analysis and projections. It also provides critical physical planning recommendations to assist the aquarium 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.
As part of the feasibility study, LBA can work closely with you in preparing the initial image package that would assist designers in the design 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 general "look and feel" in 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, 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.
Click here to learn more about feasibility studies, the first step one takes to start an aquarium.