eHow launches Android app: Get the best of eHow on the go.

click here
How To

How to Finance a Theme Park

Contributor
By eHow Contributing Writer
(5 Ratings)

A theme park is an entertainment venue designed around a single theme. That theme may be ride types, such as water or roller coaster, or it may be geographic or it may center around a number of other ideas. These parks are expensive to start and maintain, though they are great generators of revenue as well. To finance a theme park, an entrepreneur must be savvy and thorough.

Difficulty: Challenging
Instructions
  1. Step 1

    Invest in professionals to do market research. Because theme park start-up is measured in the millions of dollars, it is vital to find a firm of people who can look into the likelihood of an idea working and determine the potential number of visitors per year. This number is extremely important as it helps determine the potential revenue for the local economy as well as you, the developer.

  2. Step 2

    Use the results to create a design for the park. You may discover that visitors will expect something different from what you imagined. The dinner theater idea you had in mind, for instance, may not get a warm response, and you'll want to alter your theme park plans to fit what people will pay to see and do.

  3. Step 3

    Hire a good engineering design team. This team should be able to sketch out not only the layout of the theme park but the traffic situations that will affect the community. These questions will be among the most important as you seek funding because you may need to provide some compensation for additional traffic lights or additional strain on utilities.

  4. Step 4

    Get a contract with a local government entity. Regardless of funding, you must have a contract in place permitting you to open a theme park. Some government groups will want to work out a deal regarding the funding, which may be to your benefit. Others simply will have questions and concerns about the impact of the theme park on the local community.

  5. Step 5

    Create a proposal package that includes your marketing study, your local zoning contract and your personal information. This personal information should include your financial history and situation as well as your business plan. The business plan should cover how you intend the park to operate and the ways in which you will begin the process of building the theme park.

Subscribe

Post a Comment

Post a Comment

Related Ads

  • Have you done this? Click here to let us know.
I Did This
Get Free Business Newsletters

Copyright © 1999-2009 eHow, Inc. Use of this web site constitutes acceptance of the eHow Terms of Use and Privacy Policy .   en-US Portions of this page are modifications based on work created and shared by Google and used according to terms described in the Creative Commons 3.0 Attribution License. † requires javascript

eHow Business
eHow_eHow Business and Finance