The Grand Caicos Inn

JOINT VENTURE INVESTMENT OPPORTUNITY WITH EAGLE ENTERPRISES LTD / EAGLE LAND DEVELOPERS LTD

PRO-FORMA FOR 12 UNIT HOTEL, RESTAURANT & CHICKEE BAR

Start up costs

Permits

$2,000

Legal

$20,000

Engineering

$20,000

Land

1.75 ACRE BEACHFRONT

WE OWN THE LAND FREE & CLEAR

$175,000

Land Transfer Tax

$16,625

Reverse Osmosis System

$10,000

Sewer Treatment

$15,000

Hotel

$50,000 PER UNIT

$600,000

Chickee Bar

$65,000

Restaurant

$80,000

Vehicles

8

$55,000

Contingencies

$150,000

TOTAL COST

$1,208,625

8

Income Potential

Rental Quantity

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%

$41,600

Restaurant

Based on $40.00 per person, per day including alcohol

$ 24,960

GROSS PROFIT

$352,560

Cost of sales

Advertising

$ 10,000

Cleaning

$ 10,920

Property Maintenance , Fixed

$ 15,000

Year round Manager & Helper

$ 35,000

Electric

@ $1500 per month

$ 18,000

Insurance, Annual

$ 12,500

Food, 65% cost food & labor

$ 16,624

Cook, Waitress & Bartender

$ 26,520

Auto Expense

25% of Gross Sales

$ 7,800

TOTAL COST OF SALES

$ 152,364

 

Percentage of Profit on investment

 

14.7% IN TAX FREE INCOME

TAX FREE PROFIT $ 200,196

CALCULATIONS INCREASE WITH OCCUPANCY

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