Many animal lovers may consider owning a zoo to be their ultimate ideal. But it’s not only about spending the entire day cuddling with adorable creatures. It’s a business that demands a sizable time and financial investment. So, the question is: Is owning a zoo financially successful?
The answer is not simple because it depends on a variety of variables, including the location, size, and volume of visitors to the zoo. A zoo often makes money via admission fees, gift shops, sales of food and drink, and special events. The expenditures of running the business, particularly those related to employee salaries, insurance, and upkeep, are likewise significant.
The Association of Zoos and Aquariums (AZA) estimates that a zoo makes an average of $4 million per year in revenue. This is only an average, and some zoos earn significantly more. As an illustration, the San Diego Zoo, one of the biggest and most well-known zoos in the world, brings in about $300 million a year. On the other hand, several smaller zoos struggle to make a profit and occasionally even lose money.
In this regard, the CEO or Director of a zoo earns the highest salary, followed by the curator, veterinarian, and exhibit designer. These positions are essential to the successful operation of the zoo and require extensive education and expertise.
The price of acquiring and caring for exotic animals is another important aspect that has an impact on a zoo’s financial success. For instance, a lion might cost about $140,000, while a giraffe can cost up to $150,000. Even the substantial expenditures associated with feeding and caring for the animals are not included in these charges.
In conclusion, running a zoo can be financially rewarding, but it takes careful management, planning, and investment. The success of the zoo is greatly influenced by its size, location, the number of people it draws, and the expense of caring for the animals. Owning a zoo may be a rewarding and successful commercial endeavor if done properly.