This discussion is locked
Post a new topic
13 Replies Latest reply: Aug 3, 2011 12:02 PM by David Sardinha RSS

Indoor Amusement Park Developement

rpmpsu Newbie
Currently Being Moderated
I am looking to develop an indoor amusement park in Pa, I want to find 100 people who have similar interest to help me in this venture. This is going to be similar to a Bounce U only with amusement rides , miniature golf, etc added. I do have a BS degree in Recreation Park Management from Penn State and am CEO of The Bounce House a rental inflatable company in Allentown Pa which is on hold until 2010. I worked for a family amusement park, and was GM of a large 16 screen movie house for 5 years before I was downsized. The 100 members will be owners in the business. What is the best plan of attack to find the people who are truly interested?
  • Re: Indoor Amusement Park Developement
    LUCKIEST Master
    Currently Being Moderated
    Indoor Amusement Park Developement, Welcome

    It sounds like you have started your plan of attack. This posting. Your visit to SCORE.

    Next you need a Business and Marketing Plan that both investors and lenders can read.

    Good luck, LUCKIEST
  • Re: Indoor Amusement Park Developement
    phanio Master
    Currently Being Moderated

    First, go to SCORE (score.org) or find a SBDC in your area. These services are free and can help you develop and research both a business plan and marketing plan - that way you go into this business with a well defined plan.

    They can also help you create a PPM for your investors. The PPM will outline the risks and rewards for potential investors and protect you against some SEC rules.

    100 investors will be hard to manage. Not sure how much you are seeking to raise in total - but you might want to look at the SEC's Reg D. They have limits on what you can solicit from non-accredited investors. You should find what that minimum is in regards to the amount of capital you are raising and see if you can reduce the number of investors. That is just a lot of people to manage. The costs in both time and money trying to manage that number will be a detriment to your business.

    You should also seek out an attorney and CPA to help you organize your business and draft your offering. While this may increase your initial start-up expense - it will save you many times that amount in the long-run.

    Business Money Today
    www.BusinesMoneyToday.com
    • Re: Indoor Amusement Park Developement
      rpmpsu Newbie
      Currently Being Moderated
      Update: You are right 100 members seemed to be to much. I cut that number down to 12 founders. I have the founders in place and will now begin the planning process. Over the past several months I have been consulting with professionals in the amusement industry and doing mock ups of layouts for the park. I will be working with SBA and SBDC here to help with business plan etc. I am still looking for a good accountant for advise also at this point.
  • Re: Indoor Amusement Park Developement
    niroarch Newbie
    Currently Being Moderated
    visit www.archedium.net
    you will get insights how to start develop your project idea
  • Re: Indoor Amusement Park Developement
    RanksIntl Novice
    Currently Being Moderated
    Hello rpmpsu!

    You seem to have great experience and a good premise. My first question is whether or not you have created a business plan? If you are looking for small investors this may not be a the most important issue on that front but if you are looking for serious investors then this is going to be integral. The reasoning behind this is: investors are not looking so much at the plan but at the ability TO plan which is going to be a factor in their Return on Investment. Basically they want to know whether you have what it takes to run a business.

    For your primary investors you are going to want to research venture capitalists and commercial lenders. You will want to target those who specialize in businesses and industries similar to yours. This will take a good amount of time and research and unfortunately it will not always be successful but each step will be one in the right direction. Once you find potential candidates you will have to formally approach them to guage their true interest.

    If you are looking for smaller investors you are going to want to start by targeting your friends, family and business acquaintances. For all of these people you will need some sort of plan but most likely not one as in depth as with a bigger investor. Another way to find possible investors is through networking. You will want to do business networking through face to face groups as well as social networking online.

    You are likely going to need to incorporate your business because your investors are going to want to ensure that they have protection of their assets if they are to be partial owners. This will be a factor in poentially reeling investors in and closing any deals with them.

    If you need assistance in researching possible investors, creating a business plan or any other start up services I'd be happy to help!
    • Re: Indoor Amusement Park Developement
      David Sardinha Newbie
      Currently Being Moderated

      HI,

      I'm trying to do a similar thing in another state and would love to take you up on your offer to help (If you need assistance in researching possible investors, creating a business plan or any other start up services I'd be happy to help!) if your offer also applies to me.

      Thanks

  • Re: Indoor Amusement Park Developement
    rpmpsu Newbie
    Currently Being Moderated
    The Bounce House business was closed at the end of the season in 2008. I am spending my time planning the indoor amusement park.
    • Re: Indoor Amusement Park Developement
      Reality777 Newbie
      Currently Being Moderated

      Hello:

      I have been reading your posts regarding an indoor amusement park and this is exactly what I have been wanting to open, however don't have any experience in the field :) but very motivated to learn everything I possibly can and hopefully open a center as soon as possible. I was wondering how your new business is doing? Anything you could recommend for newcomers (how much of approximate initial capital needed, optimal size to open, etc.) Thank you!
    • Re: Indoor Amusement Park Developement
      bubblesb Newbie
      Currently Being Moderated

      i also have been reading your posts but i want to open a indoor bounce house, i currently have an outdoors bounce rental. Hopefully will open a center b I way Fall. Wondering how  did the indoor bounce house business  do for you? why did you guys close. Any advise you could pass on about the business. i seen a business plan online wondering are them good ones. just tring hard to  bring the kids something new to do in a small town. Any help you could give on  (how much of approximate initial capital needed,business plan, optimal size to open, etc.)  would be truly helpful.

      Thank you

    • Re: Indoor Amusement Park Developement
      rsb2011 Newbie
      Currently Being Moderated

      Why did you guys close? I have intentions on opening one before the year is out.  Would you mind mentoring me on my project?  What are & entertainment lawyer did you use, are you interested in selling your moon bounces & do you have any advice for me with this project?

More Like This

  • Retrieving data ...

Legend

  • Correct Answers - 100 points
  • Helpful Answers - 100 points