If your dream is to open a water park, one of the first things you’ll need to do is determine the start up costs, whether you’re independently wealthy or dependent upon investors. Even if you plan to open a water park that’s small, a water park is no small-scale project.

Clarify your vision for the park. Before you tally the start up costs for a water park, be sure you’re clear on the key elements of the park, such as whether it will be indoors or outdoors, an independent park or a franchised park and whether it will be seasonal or open year-round.

Figure out which financing options are available to you. These could include banks and investment bankers or wealthy individuals as well as government business loans and grants. Lenders will typically require collateral and capital, as well as cash flow and other financial projections.

Balance the financing options you’re eligible for with your park’s features. Unless you’re independently wealthy, the financing options open to you will likely impact your start up costs (you might reconsider that extra water slide if you’re ineligible for a certain loan)

Consider the following major costs: land purchase, operational energy bills, rides, amenities, insurance and staff wages. While the purchase of lands and various rides and amenities may be a one-time cost, energy bills, insurance and staff wages will all be ongoing.

Finished a feasibility study. Feasibility studies are a prime way to project revenues and expenses as well as industry trends. A feasibility study is also required documentation for most lenders, in addition to a solid business plan.

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