Fairgrounds and amusement parks can be an excellent investment, but as with all attractions careful thought needs to into planning. Without a proper cost-benefit analysis of the price of purchase, placement, and a variety of other factors the fairground will quickly find itself in dire financial straits. So what are some of the most important factors that fairground management must consider in order to ensure the long-term survival of the operation?
Firstly there is the purchase of the rides themselves. Just where to source the rides can be a tricky decision to make. The operator has two main choices. domestic or international manufacturers. International manufacturers of various rides can be found in abundance in countries such as China and India. these manufacturers have an exceptional reputation and the costs of each unit can be significantly lower than those that can be sourced domestically.
However, shipping costs can be astronomical and sourcing spare parts can take a long time. It may also be difficult to get such manufacturers to honor warranties.
Sourcing fairground rides manufacturers domestically will result in higher per unit prices. However, the cost of transport will be lower and the fairground operator will have easy access to the expertise required to make any repairs, source spare parts – and warranties will be protected under domestic law.
Then there is the matter of just which rides to purchase. There are some rides that have stood the test of time and are virtually guaranteed to provide a great return on investment. Rides like Ferris wheels, carousels, pendulum-type rides for sale, and bumper cars have long been part of the fairground experience – they move long lines quickly and they make money.
Fairground owners should also take note of the number of people that each ride can seat. the higher the number of people the quicker the turnover of customers – and the greater the profit. However, there are common sense limitations to this. The ride must be able to comfortably fit into the space that is available.
Many fairgrounds also travel from place to place so portability must be taken into account – and the time it takes to erect and get the ride operating once the fairground destination is reached. The size of the ride will also affect operating costs. It will also have a material effect on maintenance costs – the larger the ride the more expensive it is going to be to maintain.
Fairground owners should also evaluate the availability of second-hand carnival rides. However, they should also be aware that used rides may require significant refurbishment before they can be put to use and start earning. They need to evaluate that against the cost of simply purchasing a grand merry go round carousel ride price.
The factors that will affect the profitability of a fairground are complex. however, if the operator does not focus on these factors (and the above are only a few) then the long-term viability of the fairground will be in jeopardy. It is vitally important that fairground operators do their research before making a buying decision. Check out here: https://www.bestonamusementequipment.com/.