Hit 1mn visitors in 5 mths
On target to hit 2.5mn visitors in first yr
Ticket sales revenue $75mn
Cost of flyer $240mn
Hence ticket sales can cover building cost in 3.2yrs
Factoring in running costs, probably DCF positive in 5-6yrs
This is probably the best case scenario...
However if visitor no.s drop to by 50%, revenue $38mn
Building cost payback 6.5yrs, running cost included 11-12yrs
i.e. bad investment
Maximum revenue $130mn, 4.4mn visitors, payback 1.8yrs
20 businesses at Flyer mostly losing money bcos pple just go for ride and go home
Qns to ask
What is running cost of flyer?
Rental revenue? (currently earning as landlord but not sustainable bcos most shops will close if this goes on...)
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2 comments:
May I know where did you get the details from?
Mostly from newspapers. Straits Times.
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