Posted
Cedar Fair CEO, chair and president Dick Kinzel talks with a Plain Dealer reporter about the acquisition, business and Maverick.
See the video from The Plain Dealer.
"As I mentioned, it is a seasonal business. We're only open 130 days and every day we miss - that's almost 1% of our revenue..."
Never really though about it that way. :)
Chuck. Who says Considering GL cut their operating days by a ton. How many percent does that add up too?
You know,soon it'll be time once again to make predictions for the 2008 season & I'm interested to hear about what future plans they have for KD.
:)
-Tambo
"Chuck. Who says Considering GL cut their operating days by a ton. How many percent does that add up too?"
You are missing the point. Keeping a park open and staffing it appropriately is expensive. Using last years same-park numbers (not including PPI) operating expenses were $434 million dollars for the 7 parks and 5 water parks. Using Kinzel's 130 scenario, that's $3.3+ million a day. At $38 per cap that means that on any given day the "original" parks need close to 90,000 guests total. Even though averaging doesn't really work here, it will for demonstration - so on a nice April weekend, 7 parks (too cool for water) need to average 13,000 people, GL's average gate is under 6000 per day using the 130 day 700k numbers. That's pretty telling to me. Any time you need to pay 2500 employees to service 3000 customers at an amusement park - you lose.
Like it or not, without money, these parks will die.
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