Feasibility Study – Commercial Events Venue
Summary
Bamboo conducted a feasibility study to assess Elvaston Castle’s potential as an events venue, providing investors with key market insights.
Challenge
Evaluate investment potential for development of Elvaston Castle to drive events revenue from the corporate and social market. Consider this approach compared to a pure ticketed leisure attraction.
Scope and Solutions
- Researched tourism trends and competitive landscape to understand the health and scale of the market
- Assessed investment requirements, pricing, and revenue potential
- Provided venue configuration recommendation and investment required to enable the product for the events market
- Evaluated operational feasibility (parking, catering, technology, etc.)
Results
- Delivered a comprehensive report with 5-year revenue projections
- Provided data-driven insights to support investor decisions
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