1. Potential to generate high revenue – Attracting customers from all over can lead to a steady flow of income, especially during peak times like birthdays, holidays, and summer months.
2. Opportunity for growth – The more people who come to the park, the more chances there are for expansion. A successful amusement park can create more rides and attractions in order to keep up with demand.
3. Amusement parks provide a great source of entertainment – There is something for everyone at an amusement park, from thrilling roller coasters to kid-friendly rides and carnival games.
1. High start-up costs – Building an amusement park requires a substantial investment in land, buildings, equipment and rides. In addition, you will need to hire staff and purchase permits and insurance policies.
2. Risk of lawsuits – Amusement parks are prone to negligence claims from visitors who experience injuries due to faulty equipment or hazardous conditions.
3. Difficult to maintain – Amusement parks require regular maintenance and upkeep to ensure safety for visitors. This can be particularly costly, as many of the rides and attractions require specialized parts that may not be easily accessible.
4. Competitive market – With so many amusement parks already in existence, it can be difficult to stand out in a saturated market. You will need to focus on providing unique attractions and experiences in order to draw customers away from other parks.