Business Plan:Project Funding for Hotelcomplex/Nightclub(Ghana)
Business Plan:Project funding for hotelcomplex/nightclub(Ghana)
ProjectSummery
Theproposedplush45Bedroomluxuryguesthouse/nightclubisunderconstruction andsituatedinthecapitalcityofGhana,AccraatAplarkunearBortianor,acoastal town,andinamuchdesiredbeachresortareafrequentedbybothlocals,foreign expatriatesandtouristalike.
Theadvantagewiththelocationisthatitwillbetheonlyguesthouse/nightclub/
restaurantwithswimmingpool,andtenniscourtwithinthevicinity.
Project Location
The project is located atAplerkua suburbofAccra,thecapitalcityofGhana.
Site
The proposed project site is situatedatAplerkua suburbofAccra,thecapitalcityofGhana.Thearea consistof otherguesthouse/hotelsbutnonecanboastof theproductsandservices thatweintendtoprovidetothelocalsandforeignresidentswithinthecommunity.
Thevastmajorityoftheplush5*hotelsandguesthousesaresituatedinthecentreof thecity.OurfacilityislocatedontheWesterncoastline andwillbetheonlyproviderof swimmingpool,spaandmassagetherapy,fitnessgym,claytenniscourt, nightclub, restaurant poolsidebar,rooftopgardenbar,withinthelocality.
Thelocationoftheguesthouse/ nightclubisclosetothewesterncoastallineand witha popularbeachresortthatwilldrawit’sclienteleamongthesocialgroupA&B andbetweentheagesof25to65
TheBusiness
BusinessStructure:Thecompanyislimitedbased
BusinessLocation:Aplerkua suburbofAccra,
thecapitalcityofGhana.
Date Of Registration:11ofMay2011
RelevantExperience:The company hasextensiveexperienceinhospitalityandresidential
facility.The company hasworkedas ahostoffivestarhotelsin
London,England,namely.
TheMarket
Target Market:
Thefacilityshalldevoteitseffortsattractinginfluential Local,Expatriates,Tourist, Businesstravellers,Airlinestaff,conferencedelegates,ForeignGovernment Officials, etc.
PRICINGSTRUCTURE
Tariffsaresetalittlebelowthecompetition
SingleRooms US$80.00
DoubleRoom US$120.00
TheFinances
FUNDINGREQUIREMENTS/PROPOSAL
startupcommercialloanofUS$1,500,000dollarsneededIfortheconstructionand developmentofthefacility.
Roomswillcontribute70%ofturnoverwhileallotherservicesputtogetherwill generate30%
#Thefundrequiredforthecompletionandrunningofthishotelprojectis
approximatelyUS$1,500,000:00;onemillionandfivehundredthousandUSdollars.
Withasix(6)monthgraceperiodduringconstruction
OWNCONTRIBUTION
LandAcquisition US$100,000
Architect/Engineeringupfrontfee US$15,000. Buildingplanpermit. US5,000
Total US$120,000.00k
REQUIREDVENTURECAPITAL/COMMERCIALLOAN US$1,500,000:00
BreakdownofExpenses:
Foundationconstruction US$70,000
Groundfloorconstruction US$65,000
Firstfloorconstruction US$65,000
Secondfloor US$65,000
Thirdfloor. US$65,000
Rooftop/pentsuite US$80,000
Total. / US$351,000Furnishing/Equipment
Nightclub / 50,000
Rooms (32). / 320,000
Rooftopbar. / 40,000
Poolsidebar. / 50,000
Beautyspamassagetherapy / 60,000
Fitnessgym. / 30,000
Swimmingpool. / 35,000
Claytenniscourt. / 40,000
Laundry+drycleaners. / 35,000
Kitchen / 25,000
Meetingrooms. (2) / 40,000
Solar/Generator. / 100,000
US$825,000
(1)Tourbus(forferryingtouristondaytour) (1)Hotelvan(forhoteluse)
(1)Airportshuttlebus.
TotalUS$100,000
MiscellaneousExpense: Officeequipment
Staffuniform
Securityandsafetyequipment
Approximately US$150,000
GrandtotalUS$1,426,000:00
CASHFLOWPROJECTIONFORFIVEYEARS
DESCRIPTION YEAR1 YEAR2 YEAR3 YEAR4 YEAR5
CashreceiptallDep
TOTALCASHFLOW : 655,200 742,560 859,040 946,400.1,004,640
CashpaymentsallDept
TOTALCASHOUTFLOW: 179,000 214,800 257,760 309,312. 371,174.40
NETCASHINFLOW: 476,200 527,760 631,280. 637,088.40. 695,328
TheCollateral
Theexitstrategydependsontheprevailingmarketturnoverandwilloptforapublic
acquisitiononthestockmarketwithmanagementretaining60%
WedonothavecollateralandforthisreasonwewillnotrequestforthewholeLoanupfrontbutona
needtouse bases.