- Mar 16, 2016
And it would be great if it was a direct correlation like that. But you got to take out from that. Tram operations come from the parking budget. More parking means more tram runs, extra trams running, more wear and tear to account for, more lots open, so add on for all of that. Got to add in the park paying extra employee benefits, insurance, and other backside operation dollars. I would be interested in seeing BGW's formula, I know PSU's football and arena operations said it takes, with all of that factored in (and even about 50% of the 'workforce' being student volunteers) it takes about 50 cars to offset the labor hours of 3 extra employees.But I feel like this does not make sense. I know BGW pays employees squat, so basically one paying car more a hour almost covers two employees pay for that hour at the parking booth. The quicker they can get guests in the park the quicker they start buying food and other items.
This is an interesting point, because they actually are. Most business projections don't show it as needing x hours to spend x dollars.When they have people sitting in their cars for a hour waiting to park they are making nothing.
It's not that easy. Take into account ROI, labor, taxes, training costs, building costs, ect. I'll give you a great example. I know someone that owns a McDonalds. The most recent renovations were required within a certain time. At a cost of $500,000 per franchise owner. ROI on that is about 5.5 years. Unless you own multiple, then the timeline becomes shorter.It all comes back to the you have to spend money to make money.
You are a single person with that. A line of 20 people taking 15 minutes to get through with 4 employees costs about 1/3 the cost of 2 lines of 10 people taking 5 minutes with 8 employees. Show me a place with multiple lines open all the time and I'll show you a business that won't last. Costs are too high.Another area I think they are losing...at least for my case is drink and snack stands. If they had more open on slower nights I would be more likely to buy something, but when theres very few stands open and theose all have really long lines im not waoting. Now if I could walk up and wait for only one or two people I would be more likely to stop and try more things. I also think sometimes they have poor assignment of working team members.