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Establishing Budgets

In addition to the above costs are such items as on-site sidewalks, landscaping, area lighting, parking lot paving, on-site drainage (and often storm detention facilities), security fences and signage.

The above represents a look at many of the individual attractions included in a large percentage of FECs being designed today. There are other options available including paint ball, climbing walls and laser shooting galleries. Larger facilities have also included dancing, full-scale bowling, roller and ice skating, children’s edutainment centers and full service restaurants. Some have included skate boarding and water park attractions. We do not have valid pricing for these elements at this time, but they all have significant costs, and anyone seeking to develop any of them, should research their costs carefully.

When establishing budgets, don’t forget the costs for salaries, consumables, insurance, marketing, utilities and related costs that all have a strong impact on your bottom line. Your budget should include some provisions for addressing lost revenues due to bad weather, economic downturns and other events that may occur.

It should be understood that the above cost projections are general in nature, but based on experience with actual projects. Specific projects may have different costs, but unless you are technically familiar with all of the elements of your project in terms of projected costs, the above should at least get you in the ballpark.

We would invite others familiar with the industry to make their comments relative to the cost information presented in this article. 

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