Rising costs spell the end with Flame Lily to be auctioned
FLAME Lily Adventure Park will be auctioned with owners Jimmy and Cathy Swan not able to keep up with rising costs.
Mr Swan said he had invested about $4 million in infrastructure at the Burrum Heads property.
He said a weakness was his tight budget, the lack of cabin accommodation and a "very weak marketing campaign due to insufficient funds".
"To stop further hemorrhaging, the heartbreaking decision has been made to not renew the increased, excessive, unaffordable insurance costs, leaving no other choice but to sell FLA," Mr Swan said.
Mr Swan said people could still use the park if they had their own insurance.
"It is still in a position to take clients who can hire the facility under their own insurance cover," he said.
Ray White on the Gold Coast will take the property to auction at the Turf Club in Bundall at 11.00am on October 29.
"Hopefully a new owner will be in place in the near future and this business will become viable as well as rewarding," Mr Swan said.