We would need an estimate of $750,000 to successfully launch a small but standard water park park in Tampa-St. Petersburg-Clearwater – Florida.
Rainbow Ruby® Water Parks, Inc. is owned and managed by Reginald Sawyer. He decided to restrict the sourcing of the startup capital for the business to just three major sources. These are the areas we intend generating our startup capital;
N.B: We have been able to generate about $250,000 (Personal savings $200,000 and soft loan from family members $50,000) and we are at the final stages of obtaining a loan facility of $500,000 from our bank. All the papers and document have been duly signed and submitted, the loan has been approved and any moment from now our account will be credited.
Rainbow Ruby® Water Parks, Inc. is established with the aim of maximizing profits in the Water Parks industry and we are going to go all the way to ensure that we do all it takes to attract customers on a regular basis. Rainbow Ruby® Water Parks, Inc. will generate income by offering the following services;
It is important to state that our sales forecast is based on the data gathered during our feasibility studies and also some of the assumptions readily available on the field. It would be hard to create a sales forecast with a newly opened business like water park because the statistics that will be provided will be on a short term basis.
Experts say that usually a business should be in operation for at least one year before they can generate the statistics that will be accurate in forecasting; statistics should be at least one-year-old in order to show the trends and patterns in consumer spending.
We expect to welcome a minimum of 12,000 customers i.e. 0ne thousand customers per month within our first year of operations and then in subsequent years, we will grow by 25 percent on more. Below are the sales projection for Rainbow Ruby® Water Parks, Inc., it is based on the location of our water park facility and the services we will be offering to our members;
INCOME :
Operating water – play areas, such as waterslides, splash pads, spray – grounds (water playgrounds), lazy rivers or other recreational bathing, swimming and barefooting environments et al
For kids age 3-9 will cost $45
For guest age 10 and above will cost $55
TOTAL INCOME : $300,000
TOTAL $170,000
N.B: This projection was done based on what is obtainable in the industry and with the assumption that there won’t be any major competitor offering same services as we do within 4.5 miles’ radius.
