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These numbers are very rough and need
re-working.
But, it gives a rough idea of what
costs and income may look like.
Income projections were based on
guidelines I found for other hospitality
venues, assuming 30% occupancy rate.
The basic lesson is that it would take
a couple million to go ahead at full
speed and profitability would begin in year 4.
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Expenses |
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Main |
Sub |
Year 1 (start-up) |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
Notes |
Yearly at capacity |
Notes |
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Land |
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Assuming 30 acres |
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Purchase |
$400,000.00 |
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Assuming purchased up front, no mortgage |
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Landscaping |
$5,000.00 |
$5,000.00 |
$5,000.00 |
$5,000.00 |
$5,000.00 |
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Equipment |
$10,000.00 |
$5,000.00 |
$2,000.00 |
$2,000.00 |
$2,000.00 |
after year 2, maintenance |
$5,000.00 |
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| |
Garden |
$800.00 |
$800.00 |
$800.00 |
$800.00 |
$800.00 |
|
$800.00 |
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| |
Property Taxes |
$6,000.00 |
$6,000.00 |
$6,000.00 |
$6,000.00 |
$6,000.00 |
Taken from a real estate property near Asheville |
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Animals |
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(Chickens, goats, etc) |
Purchase |
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$20,000.00 |
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Feeding |
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$4,000.00 |
$4,000.00 |
$4,000.00 |
$4,000.00 |
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$6,000.00 |
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Vet Services |
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$5,000.00 |
$5,000.00 |
$5,000.00 |
$5,000.00 |
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$5,000.00 |
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Buildings |
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(per unit) |
Existing |
$20,000.00 |
$2,000.00 |
$2,000.00 |
$2,000.00 |
$2,000.00 |
Remodelling |
$20,000.00 |
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|
$150 k each |
Dwelling |
$600,000.00 |
$600,000.00 |
$600,000.00 |
$24,000.00 |
$24,000.00 |
Construction of 4 each year |
$20,000.00 |
$5,000 yr maintenance/repairs |
| |
Lodge |
$400,000.00 |
$4,000.00 |
$4,000.00 |
$4,000.00 |
$4,000.00 |
Construction of 2 |
$20,000.00 |
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| |
Art Center |
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|
$250,000.00 |
$2,000.00 |
$2,000.00 |
Construction |
$40,000.00 |
Program Development |
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Retreat Center |
|
$250,000.00 |
$2,000.00 |
$2,000.00 |
Construction |
$4,000.00 |
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| |
Gallery |
$200,000.00 |
$2,000.00 |
$2,000.00 |
$2,000.00 |
$2,000.00 |
Upgrading |
$4,000.00 |
|
| |
Café |
$100,000.00 |
$2,000.00 |
$2,000.00 |
$2,000.00 |
$2,000.00 |
Upgrading |
$15,000.00 |
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| |
Spa |
$400,000.00 |
$2,000.00 |
$2,000.00 |
$2,000.00 |
$2,000.00 |
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Cabins |
$150,000.00 |
$6,000.00 |
$6,000.00 |
$6,000.00 |
$15,000.00 |
Construction of 3 |
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Permanent Housing |
$450,000.00 |
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Construction of 3 |
$15,000.00 |
Maintenance, repairs |
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Utilities |
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Electric |
$62,400.00 |
$81,600.00 |
$110,400.00 |
$72,000.00 |
$72,000.00 |
$400 per unit |
$115,200.00 |
24 units |
| |
Gas |
$1,300.00 |
$20,400.00 |
$27,600.00 |
$27,600.00 |
$27,600.00 |
$100 per unit |
$4,800.00 |
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| |
Water |
$1,300.00 |
$20,400.00 |
$27,600.00 |
$27,600.00 |
$27,600.00 |
$100 per unit |
$4,800.00 |
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| |
Telephone |
$600.00 |
$1,000.00 |
$1,200.00 |
$1,400.00 |
$1,500.00 |
total guess |
$1,500.00 |
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| |
Internet |
$50.00 |
$240.00 |
$240.00 |
$240.00 |
$240.00 |
|
$240.00 |
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| |
Satellite |
$1,440.00 |
$1,440.00 |
$1,440.00 |
$1,440.00 |
$1,440.00 |
$120 per month |
$3,600.00 |
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| |
Security |
$1,200.00 |
$1,200.00 |
$2,000.00 |
$2,000.00 |
$2,000.00 |
100 per month |
$1,200.00 |
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Auto |
Villa Van |
$18,000.00 |
$7,200.00 |
$7,200.00 |
$7,200.00 |
$7,200.00 |
Maintenance, cost |
$7,800.00 |
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| |
Golf Car |
|
$2,000.00 |
$600.00 |
$600.00 |
$600.00 |
Purchase |
$2,000.00 |
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Food & Beverage |
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Residents |
$109,500.00 |
$197,100.00 |
$394,200.00 |
$394,200.00 |
$394,200.00 |
$15 per head |
$394,200.00 |
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| |
Guests |
|
$14,400.00 |
$21,600.00 |
$21,600.00 |
$21,600.00 |
$30 per head/dwellings |
$446,760.00 |
30% capacity |
| |
CSA Membership |
$500.00 |
$2,000.00 |
$4,000.00 |
$4,000.00 |
$4,000.00 |
$500 per membership |
$5,000.00 |
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Businesses |
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Dwelling |
|
$45,990.00 |
$55,188.00 |
$66,225.60 |
$79,470.72 |
15% of Guest fees, 7 dwellings |
$78,840.00 |
3rd year, 20% growth |
| |
Lodge |
|
$19,710.00 |
$23,652.00 |
$28,382.40 |
$34,058.88 |
15% of Guest fees |
$39,420.00 |
|
| |
Art Center |
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|
$5,000.00 |
$5,000.00 |
$5,000.00 |
supplies |
$20,000.00 |
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| |
Retreat Center |
|
$150,000.00 |
$5,000.00 |
$5,000.00 |
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Gallery |
$70,000.00 |
$5,000.00 |
$5,000.00 |
$5,000.00 |
$5,000.00 |
purchase of shares, 30% |
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Business Taxes & Fees |
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Bank Fees |
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General |
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Office |
$3,000.00 |
$6,600.00 |
$6,600.00 |
$6,600.00 |
$6,600.00 |
from sample |
$12,000.00 |
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Marketing |
$4,000.00 |
$25,000.00 |
$25,000.00 |
$25,000.00 |
$25,000.00 |
from sample |
$30,000.00 |
|
| |
Memberships |
$1,500.00 |
$3,000.00 |
$3,000.00 |
$3,000.00 |
$3,000.00 |
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|
fair trade, eco lists, etc |
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Health Plan |
$18,000.00 |
$129,600.00 |
$259,200.00 |
$259,200.00 |
$259,200.00 |
$300 month per head |
$259,200.00 |
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| |
Payroll Taxes & Workers' Comp |
$10,000.00 |
$40,000.00 |
$40,000.00 |
$40,000.00 |
$40,000.00 |
from sample |
$40,000.00 |
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| |
Subscriptions |
$500.00 |
$500.00 |
$500.00 |
$500.00 |
$500.00 |
|
$1,500.00 |
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Insurance |
$6,000.00 |
$6,000.00 |
$12,000.00 |
$12,000.00 |
$12,000.00 |
500/mo, 1000/mo w/buildings |
$14,400.00 |
1200/mo |
| |
Legal & Accounting Fees |
$4,000.00 |
$2,000.00 |
$2,000.00 |
$2,000.00 |
$2,000.00 |
|
$12,000.00 |
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| |
Owner Wages or Draw |
$75,000.00 |
$125,000.00 |
$125,000.00 |
$125,000.00 |
$125,000.00 |
5 at $25K |
$225,000.00 |
5 at $45K topped |
| |
Professional Education |
$25,000.00 |
$25,000.00 |
$25,000.00 |
$25,000.00 |
|
$25,000.00 |
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Consulting |
$25,000.00 |
$25,000.00 |
$25,000.00 |
$25,000.00 |
$25,000.00 |
|
$10,000.00 |
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Staff |
$76,000.00 |
$76,000.00 |
$120,000.00 |
$120,000.00 |
$120,000.00 |
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Total Year: |
$2,781,090.00 |
$1,997,180.00 |
$2,621,020.00 |
$1,381,588.00 |
$1,409,609.60 |
|
$1,909,260.00 |
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Total Month: |
$231,757.50 |
$166,431.67 |
$218,418.33 |
$115,132.33 |
$117,467.47 |
|
$159,105.00 |
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Income |
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Main |
Sub |
Year 1 (start-up) |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
Notes |
Yearly at capacity |
Notes |
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Land |
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Assuming 30 acres |
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Value increase |
$480,000.00 |
$576,000.00 |
$691,200.00 |
$864,000.00 |
$1,080,000.00 |
20% yearly |
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Businesses |
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$0.00 |
$0.00 |
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Dwelling |
|
$175,200.00 |
$262,800.00 |
$328,500.00 |
$410,625.00 |
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3rd year, 20% growth |
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Lodge |
|
$131,400.00 |
$157,680.00 |
$197,100.00 |
$246,375.00 |
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Cabins |
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|
$197,100.00 |
$246,375.00 |
$307,968.75 |
50% of lodge per cabin |
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Camping |
|
$49,207.50 |
$59,049.00 |
$73,811.25 |
$92,264.06 |
|
1215 |
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Art Center |
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$5,000.00 |
$6,250.00 |
$7,812.50 |
|
$20,000.00 |
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Retreat Center |
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$0.00 |
$0.00 |
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Gallery |
$4,000.00 |
$18,000.00 |
$22,500.00 |
$28,125.00 |
$35,156.25 |
Rent, $1,000 1st year (4 mos), $1,500 after (9 mos) |
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Gallery |
$12,600.00 |
$36,000.00 |
$45,000.00 |
$56,250.00 |
$70,312.50 |
Sales estimated $20,000/mo, 25% growth yearly, expenses 60% |
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Café |
|
$18,000.00 |
$18,000.00 |
$18,000.00 |
$18,000.00 |
Rent, $1,500 |
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% of sales |
|
$3,000.00 |
$3,750.00 |
$4,687.50 |
$5,859.38 |
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Spa |
|
$24,000.00 |
$24,000.00 |
$24,000.00 |
$24,000.00 |
Rent $2,000 |
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% of sales |
|
$3,000.00 |
$3,750.00 |
$4,687.50 |
$5,859.38 |
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Programming |
|
$108,000.00 |
$129,600.00 |
$162,000.00 |
$202,500.00 |
60 people, 9 monts, $200 each |
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Festivals |
$10,000.00 |
$60,000.00 |
$75,000.00 |
$93,750.00 |
$117,187.50 |
music, art fairs, entertainment |
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Product Development |
$100,000.00 |
$140,000.00 |
$175,000.00 |
$218,750.00 |
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Total Year: |
$26,600.00 |
$725,807.50 |
$1,143,229.00 |
$1,418,536.25 |
$1,762,670.31 |
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Total Month: |
$2,216.67 |
$60,483.96 |
$95,269.08 |
$118,211.35 |
$146,889.19 |
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Main |
Sub |
Year 1 (start-up) |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
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Expenses |
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Total Year: |
$2,781,090.00 |
$1,997,180.00 |
$2,621,020.00 |
$1,381,588.00 |
$1,409,609.60 |
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Total Month: |
$231,757.50 |
$166,431.67 |
$218,418.33 |
$115,132.33 |
$117,467.47 |
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Income |
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Total Year: |
$26,600.00 |
$725,807.50 |
$1,143,229.00 |
$1,418,536.25 |
$1,762,670.31 |
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|
|
Total Month: |
$2,216.67 |
$60,483.96 |
$95,269.08 |
$118,211.35 |
$146,889.19 |
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Total |
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-$2,754,490.00 |
-$1,271,372.50 |
-$1,477,791.00 |
$36,948.25 |
$353,060.71 |
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(without land value increase) |
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