rtotheizzo17
Hyper Poster
Re: Bye-Bye Giraffica aka Pilgrims Plunge
I am not trying argue here, but based on the investor relations pages of a few major companies, parks operate with a margin of about 10% (after all expenses). I bet they are lower than that with no revenue for parking or drinks.
I guess what I am saying is it is feasible for the family to have the cash (or to get a loan) to put in a $20+ million dollar ride, but I don't think they are swimming in pools of money like Scrooge McDuck.
Intricks said:-If we use the given statistic of their annual gate price (which is what, 36 now?) and multiply that by their annual visitors (1.2+ million according to wikipedia), then that alone shows they make at LEAST 32mil a year alone from ticket sales (Im pulling 3mil because of random factors like Season Pass sales and their free giveaways). Take out roughly 20mil for expansion, employment costs and product fees (which I say is pretty high enough given Mayflower was their highest recent addition at 8mil), still leaves 10+ a year. Granted this is all assumptions, and would leave the park with a base of 70mil after that, I even say that is too high a number, so I will gladly drop it to maybe 35mil after all these years. That still is more than enough to cover Leviathan.
I am not trying argue here, but based on the investor relations pages of a few major companies, parks operate with a margin of about 10% (after all expenses). I bet they are lower than that with no revenue for parking or drinks.
I guess what I am saying is it is feasible for the family to have the cash (or to get a loan) to put in a $20+ million dollar ride, but I don't think they are swimming in pools of money like Scrooge McDuck.