Monument Tourism Profits
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A proposal to build profitable tourist monuments based on data from existing landmark attractions. The concept centers on creating new monuments that can generate significant revenue through tourism, following the proven business model of existing national monuments.
Key Revenue Data from Existing Monuments:
- Statue of Liberty
- $154M annual revenue
- $70M annual net income
- 4.5M visitors
- $25 per ticket + $10 concessions
- Mount Rushmore
- $50M annual sales
- $20M net income
- Pearl Harbor
- $50M annual sales
- $23M net income
Example Project (American Colossus Foundation):
- Proposed 350-foot statue in San Francisco Bay/Alcatraz
- Seeking $170M in funding
- Projected $100M annual profit
- Target metrics:
- $94M projected annual net income
- Based on similar visitor and revenue patterns to existing monuments
Business Model Elements:
- High profit margins (roughly 50%)
- Revenue streams from tickets and concessions
- Sustainable tourist attraction
- Location-dependent success
- Requires significant upfront capital
- Long-term recurring revenue potential
Sam Parr
Host of MFM and fitness influencer
Sam Parr is a serial entrepreneur and business media pioneer.
In 2016, he founded The Hustle, a business news media company that started in his kitchen with just $12 and grew to eight figures in revenue.
Sam led the charge in making newsletters popular when few believed in their potential.
After four successful years, he sold The Hustle to HubSpot, a publicly traded company. Now operating as HubSpot Media, The Hustle reaches 3 million readers daily, employs a team of nearly 100, and has been the launchpad for dozens of its staff to found their own media companies and newsletters.
Sam remains the host of the popular business podcast, My First Million, and continues to start and sell companies. He also co-founded Hampton, a highly vetted community for entrepreneurs, founders, and CEOs, and teaches people to write better through his platform, Copy That.