Missouri venue added to portfolio
Great American Family Parks (GFAM) has acquired Animal Paradise LLC, a ride-through wild animal park just a few minutes from Springfield, Missouri.
The facility is expected to add almost $2.5 million in total asset to GFAM, a Los Angeles-based company that specialises in aggregating local and regional parks.
In the first full year of GFAM’s management, Animal Paradise is expected to generate over $1 million in revenues. Annual revenues are expected to rise to over $2.5 million by 2012. Based near Springfield Missouri, the park offers visitors face-to-face interaction with exotic animals as well as food and shopping opportunities. The theme park has 250 acres of property in the Ozark mountains.
“This park is an excellent complement to Wild Animal Safari, our existing theme park near Atlanta,” says Great American Family Parks founder and CEO, Larry Eastland. “ The Missouri park will be upgraded by re-stocking the animal exhibits and bringing in professional park and animal professionals.”
The acquisition of Animal Paradise was made through equity and debt, with no external financing needed.