Notice that their 5-year projections start with 2002. This is not a "new company," but the Funtime founders trying to start anew.
Since things haven't progressed on the Mark Twain or Animal Safari parks to date, I think this may be just a relic of a business plan that didn't go to fruition. *** Edited 10/4/2004 5:59:33 PM UTC by gamndbndr***
Yeah, since the Yahoo article is from today, looks like things may be moving ahead for them.
Very interesting nonetheless, hope they might consider purchasing SFMW since the chances of SF ever actually buying the park are slim to none, and it is definitely a profitable property. Busch would be my first choice, but not very likely they'd be interested in aquiring SFMW, and I'd sure hate to see the park close after SF pulls out in 2007.
That's just what the world needs - another individul or company with way too much money thinking that money means they know how to run the boat. Haven't we already learned the lesson that owning the most parks does not the "premier" company make? (heh - now that's some quality pun-nage my friends ... )
Mer to that. Smaller companies will do better in the long run.
Is it just me, or could this be good for all parties involved? If this GAF company takes over the smaller Six Flags parks and actually runs them right, then it would improve the quality of those parks, and SF could devote their time and energies to their bigger and already more successful parks, making them already better than they are....does anyone agree, eh?
^I hear ya but remember this is the same situation Premier got itself into as soon as they became SF.
Premier specialized in buying smaller underfinanced parks starting with Wild World in 91(now SFA) & soon after got hold of Riverside,DL,EG & KK....now on their own the parks were doing well & had recieved capital investments that turned them around however once they got hold of SF they kept buying more parks including those that were recently sold & are still foing it(SFNO,La Ronde).
The SF chain ended up with far too many properties & not enough money to cover them all & were actually losing money since around 2000 & buying extra parks just made the situaion worse,personally if SF were to sell some more parks I'd like to see CF buy them because they've got the know how & the desire to make use of the parks to their full potential.
An upstart company such as great american family parks may not have the expertise yet & would find themselves in a similar situation to the one SF is currently stuck in,especially if they try to take on more parks than they can handle in too short a time.
They state in that article that they expect something like 20%+ growth in amusement parks in the next few years? Give me a break. I seriously doubt parks are going to grow that much - the "coaster wars" are slowing, if not stopped, parks are starting to have to charge so much for admission that they're getting beyond the reach of a lot of families. I think if anything, it'll be stagnant, or 5% growth at best.
Plus, exactly what parks do they have in mind? Other than buying Six Flags' smaller parks, like EG and MW and KK, there aren't many parks that fit their criteria that I think would even be willing to sell out (Holiday World, Kennywood, and Knoebels immediately came to mind when I read the article).
I was wondering about which parks they expect to snag too.
From the Yahoo article: "By building a family of parks, each with between 300,000 to 1 million annual attendees, GFAM is proposing to develop a series of compatible but distinct entertainment and amusement products including themed amusement parks..."
What parks fall into that criteria and are also available (or would be for the right price)?
I don't think we have to worry bout Kennywood selling out. Family owned parks, doing very well. and HP got the company to back it up. The only park that comes to mind is CLP. This park needs a company to invest $$$ to fix it up. Last time I was at the park(The Blue Streak Challenge), the park was a mess.