JOINT VENTURE INVESTMENT OPPORTUNITY WITH EAGLE ENTERPRISES LTD / EAGLE LAND DEVELOPERS LTD | |||||
PRO-FORMA FOR 12 UNIT HOTEL, RESTAURANT & CHICKEE BAR | |||||
Start up costs |
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Permits |
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$2,000 |
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Legal |
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$20,000 |
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Engineering |
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$20,000 |
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Land |
1.75 ACRE BEACHFRONT |
WE OWN THE LAND FREE & CLEAR |
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$175,000 |
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Land Transfer Tax |
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$16,625 |
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Reverse Osmosis System |
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$10,000 |
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Sewer Treatment |
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$15,000 |
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Hotel |
$50,000 PER UNIT |
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$600,000 |
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Chickee Bar |
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$65,000 |
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Restaurant |
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$80,000 |
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Vehicles |
8 |
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$55,000 |
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Contingencies |
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$150,000 |
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TOTAL COST |
$1,208,625 |
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Income Potential | ||||||
Rental Quantity |
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Weeks |
Rate Per Week |
Occupancy |
Total Guests |
Totals |
Rooms |
10 |
52 |
$ 850.00 |
50% |
520 |
$ 221,000 |
Suites |
2 |
52 |
$ 1250.00 |
50% |
104 |
$ 65,000 |
Income, Vehicles, Watercraft |
8 |
52 |
$200.00 |
50% |
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$41,600 |
Restaurant |
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Based on $40.00 per person, per day including alcohol |
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$ 24,960 | |
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GROSS PROFIT |
$352,560 | |
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Cost of sales | ||
Advertising |
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$ 10,000 |
Cleaning |
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$ 10,920 |
Property Maintenance , Fixed |
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$ 15,000 |
Year round Manager & Helper |
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$ 35,000 |
Electric |
@ $1500 per month |
$ 18,000 |
Insurance, Annual |
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$ 12,500 |
Food, 65% cost food & labor |
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$ 16,624 |
Cook, Waitress & Bartender |
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$ 26,520 |
Auto Expense |
25% of Gross Sales |
$ 7,800 |
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TOTAL COST OF SALES |
$ 152,364 |
Percentage of Profit on investment |
14.7% IN TAX FREE INCOME |
TAX FREE PROFIT $ 200,196 |
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CALCULATIONS INCREASE WITH OCCUPANCY | |
