The Mission
To build a state-of-the art natural horsemanship training facility and
corporate retreat center in The Quad-City Area of scenic Prescott, Arizona in
order to provide a learning environment for both people and horses.
The Investment Opportunity
This is not
the chance of a lifetime nor is it an Internet IPO goldmine. It is
simply a good project with reasonable rates of return based on needs in
a growing community. It is also a dream and therefore something that
passion will drive. The Quad-City area of Prescott has a large horse
population and very few public facilities to utilize. This is an
opportunity to put an upscale equestrian and retreat center in the
middle of the largest horse population in Yavapai County.
In March of
2006 a study was published out of Yavapai College that demonstrates the
need for such a facility. Of the 1700 respondents, 100% said they would
pay for the use of such facilities. There is also a need for more
corporate meeting rooms as a recent personal informal survey indicates,
many of the popular Quad-City meeting facilities are booked full for at
least 6 weeks.
This is a
strong plan, well conceived, and backed by data. It is also represents
an opportunity to do something good. The Center will provide youth an
outlet for their energies, offer training excellence in horsemanship,
help corporations meet team needs, and become a partner in the
community.
The Synopsis
Description of Project
Develop 100 acres into
an equestrian and corporate retreat center along with 15 four acre ranchettes to
augment the finance process. Equestrian Center property will be used for events,
boarding, riding lessons, trail rides, hay rides, camping, RV parking, lodging,
dining, conference rooms, and other equestrian activities. The center will have
an approximately 10,000 square foot conference center that includes lodging,
kitchen, dining room, and conference rooms. Initially there will be a 3700
square foot barn, a 7500 square foot open arena, as well as a 20,000 square foot
covered arena. A gift and coffee shop round out the Center’s campus.
The four acre ranchettes
will be improved with wells, fencing, and roads to facilitate sales. Property
Owners will receive the benefits of free membership in the Equestrian Center
which will allow usage of the facilities for free or at reduced rates. CC & R’s
will dictate the quality and type of homes that can be built and the general
appearance.
Funding
Center will require
capital funding of 3.6 million dollars.
Return of Investment
Plan sets interest rate
at 20% on a 30 year amortization with a balloon payment at 36 months from center
opening (48 months from loan initiation). In lieu of periodic payments during
construction (approximately 9-12 months), plan suggests a one year payment of
interest at the close of the loan at the end of year 4. At 20% interest, the
four year rate of return is 80%.
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