Writing Assignment (Suttmans)
amishqab10
RFPoutline.docxAimen Al Mishqab
Mr. Eric Joo
FIN 4150
10/2/2018
The Stuttman Building
The property chosen is the Stuttman Building.
1. Statement of Interest
The building is located in Downtown Miamisburg, Ohio, four miles from exit 44. Downtown is a lively city since it hosts various events like car shows, Spring Fling, and weekend music festivals that have also attracted many tourists. My interest would be to create a small restaurant and a recreational center. The restaurant will provide various local delicacies to the people. At the same time, the recreational services will include swimming, cultural shows, music festivals, and Spring Flings. The goal is to attract more tourists for better income. Since the market is relatively friendly, it would be easy to partner with successful entrepreneurs in the region to expand the business.
At the end of the third year, the property will have become a famous business center through the restaurant and recreational services. It will be one of the centers for employment in the city.
1. Development Team Overview
The personnel expected to work in the property include electrical and civil engineers, professional chefs, waiters, personal assistants, casual workers, and recreational guides. Each must have a minimum of three years’ experience in their respective fields and diploma certificates. As the project develops, the electrical engineer will take care of all electrical installations and maintenance while the civil engineer will act as site manager. Chefs, waiters, and recreational guides will ensure the daily operations of the project run as stated in their job specifications, and the casual workers will act as support staff in charge of cleanliness and deliveries among other roles.
1. Conceptual Development Plan
The proposed building will have a 75 square meter courtyard for recreational activities. The yard will have pools, gardens, sculptures, and geyser fountains. It will also have an amphitheater and a plenary hall. They will have a capacity of 200 and 1500 people respectively. The rooftop will be designed to have panoramic views of the neighboring building. The restaurant rooms will be 20 by 15 square meters each. The passenger lifts, plumbing, and toilet ducts will be located at the core of the buildings. A parking lot of up to 400 cars will be positioned in the basement. Lastly, the walls will be made of an African cultural texture that includes brown terracotta materials fitted with a small motif.
1. Financing Capacity
The anticipated financial use will be $1.5 million. Types of financing need will include stakeholder shares, personal contribution, and loans from financial bodies, grants, and leases. It is assumed that during the project, inflation rates will be minimal, and the government will impose low taxation of up to twenty percent of total income.
Preliminary Pro forma
|
Item |
Estimated Costs |
|
Construction and electrical installations |
$950,000 |
|
Salaries and benefits |
$79, 000 |
|
Land |
$80,000 |
|
Machinery |
$170,000 |
|
Certificates and licenses |
$ 1000 |
|
Others |
$130,000 |
|
Total Estimation |
$1.5 million |
