Tuesday, November 28, 2000 11:56 AM
I was wondering if Franchises, like Six Flags, Paromount, Cedar Fair, Disney, if the profits their park gets go directly to them or if the actual park keeps the the money and pays a portion to the Franchise.
For example does Six Flags get all of the revenues from SFA (of any other of their themeparks for that matter) or does their parks just pay a Franchise fee?
If this post is too confusing I'll edit it.
What is life without geniuses?
Tuesday, November 28, 2000 2:43 PM
Okay, this is pretty up to date, but as I work for an independent, I will try to be accurrate. Disney owns all of their parks in the US. They do lease hotels to major chains in Orlando. At Eurodisney, they collect the management contract, and they get a percentage of gate admissions and concession sales. It falls around the 15-25% area. So when you buy a $20 tshirt, about $5 is heading to corporate. The same deal goes through at the Disneyland in Japan. A group of land developers own the property and financed the construction of the attractions. This covers thier portion of 'royalties'. Even with all this revenue, the parks are still the minority in overall company revenue.
Cedar Fair outright owns all of their parks, except Camp Snoopy in the Mall of America. They too have a management contract. The Mall gets a flat rent plus a percentage of admission revenue. They have a pre-negotiated lease that the Knotts family did years ago. Whether Cedar Fair will continue on is another topic. To be profitable, Maintenence and management is merged with Valleyfair's operations. Cedar Fair is an outstanding investment. They operate with $0 debt. Cedar Fair also owns the hotels on company property. Radisson in Sandusky gets a franchise fee.
Busch Entertainment. They now own everything in the parks, but Sea World in Ohio and San Diego are on long term land leases. They (Busch) tried for years to purchase Geauga Lake, with plans to move the waterpark to a new location across the lake, but it went on deaf ears. San Diego is in no danger, they are great friends with their Mission Bay neighbors. The theme park division also operates without debt. When Sea World Inc. was on their own years ago, they operated under tremendous debt from the construction of Sea World Texas and the Boardwalk and Baseball farce.
Six Flags owns their parks now. No franchise fees. SF Georgia's land was owned by a group of developers a few years ago, but Premier Parks boug琀 琀栀攀洀 漀甀琀 眀栀攀渀 琀栀攀 挀漀洀瀀愀渀礀 眀愀猀 瀀甀爀挀栀愀猀攀搀⸀ 䄀渀礀 瀀爀攀瘀椀漀甀猀 瀀爀椀瘀愀琀攀 瀀愀爀欀猀 眀攀爀攀 瀀愀椀搀 昀漀爀 椀渀 挀愀猀栀Ⰰ 漀爀 愀 挀漀洀戀椀渀愀琀椀漀渀 漀昀 挀愀猀栀 愀渀搀 倀爀攀洀椀攀爀 猀琀漀挀欀⸀ 䘀甀琀甀爀攀 愀搀瘀椀挀攀 琀漀 愀渀礀漀渀攀 猀攀氀氀椀渀最ⴀⴀⴀ吀愀欀攀 琀栀攀 洀漀渀攀礀 愀渀搀 爀甀渀 眀椀琀栀 琀栀攀 眀愀礀 琀栀攀椀爀 猀琀漀挀欀 栀愀猀 戀攀攀渀 瀀攀爀昀漀爀洀椀渀最⸀ 匀椀砀 䘀氀愀最猀 眀椀氀氀 戀攀 洀愀欀椀渀最 椀渀琀攀爀攀猀琀 瀀愀礀洀攀渀琀猀 昀漀爀 愀戀漀甀琀 ㈀㜀㔀 礀攀愀爀猀⸀ 㰀戀爀㸀 㰀戀爀㸀倀愀爀愀洀漀甀渀琀 漀眀渀猀 琀栀攀椀爀 瀀愀爀欀猀Ⰰ 眀椀琀栀 琀栀攀 攀砀挀攀瀀琀椀漀渀 漀昀 匀琀愀爀 吀爀攀欀 椀渀 嘀攀最愀猀⸀ 吀栀攀礀 栀愀瘀攀 愀 氀漀渀最 琀攀爀洀 氀攀愀猀攀Ⰰ 戀甀琀 琀栀攀 䠀椀氀琀漀渀 挀栀愀渀最攀猀 栀愀渀搀猀 䨀愀渀⸀ 猀琀Ⰰ 戀甀琀 䤀 琀栀椀渀欀 琀栀攀 愀琀琀爀愀挀琀椀漀渀 椀猀 猀琀愀礀椀渀最Ⰰ 愀猀 琀栀攀 渀攀眀 挀愀猀椀渀漀 漀眀渀攀爀猀 愀爀攀 欀攀攀瀀椀渀最 琀栀攀 渀愀洀攀 愀猀 愀最爀攀攀搀 眀椀琀栀 䠀椀氀琀漀渀⸀ 㰀戀爀㸀 㰀戀爀㸀 㰀戀爀㸀 ⨀⨀⨀ 吀栀椀猀 瀀漀猀琀 眀愀猀 攀搀椀琀攀搀 戀礀 䄀最攀渀琀 䨀漀栀渀猀漀渀 漀渀 ⼀㈀㠀⼀㈀ ⸀ ⨀⨀⨀ഀഀഀ ⨀⨀⨀ 吀栀椀猀 瀀漀猀琀 眀愀猀 攀搀椀琀攀搀 戀礀 䄀最攀渀琀 䨀漀栀渀猀漀渀 漀渀 ⼀㈀㠀⼀㈀ ⸀ ⨀⨀⨀
Tuesday, November 28, 2000 4:59 PM
Agent, I love your info, but you gotta give my old eyes some paragraphs, puhleeez. :)
Tuesday, November 28, 2000 6:37 PM
Hey, I learned how to edit. Giddyup....
Wednesday, November 29, 2000 8:21 AM
My aging eyes thank you profusely ;). Man, you get some good info; just how long have you been in the KGB?
*** This post was edited by bukweetfl on 11/29/2000. ***
Wednesday, November 29, 2000 9:41 AM
No KGB. Just have to know how the competition operates, and who your friends are or aren't.