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Updated almost 13 years ago,
200,000 to 600,000 sq. ft retail concept
Hi,
I am a dreamer with an retail concept and I am looking for advice. My concept requires around 200,000sq. ft. to 600,000 sq.ft of retail space. My goal is to develop this on the interstate and get master planned around 30 acres give or take 10.
I estimating that it will cost between 60-120million dollars to build it and I'm guessing that it would take about 3 million in pre planning to design a mini-model?
How can I work with a developer that can help me work wtih a carefully selected team of developers, branders, and graphic artists to develop a vegas like mini-model and support through the next three phases of selling it?
I need to be able to own and control the land, the real estate, and the entire model. Its how to figure out how to get this done using the least investor money as possible. I need to get it financed in the best possible way and spread out for as many years as possible.
In order for me to get to step number #2 and number #3.. I need to have the mini-model developed and designed with details plans and I need the ability to be backed up with proff that I am funded to build it. This way I can tell the rest of the people in step #2 and number #3 to STUFF IT.... So I have them stumped and put there back to the wall and nail them down.
This being said... my goal is to pay it off within 10 years but to optimize cash flow for the rest of the idea. It take under 8 years to pay it off. That depends on a few diffrent variables.
I have to get a master plan. Who knows how to financial plan this out with numbers for a business plan? I need to pin-point venture captial and or angle investors or just a big developer?
How would they develop and plan for a vegas hotel or a Walt Disney Theme Park? Where are the fun risky people? Who has the business financial models for stuff this size?
My goal is to pay off the real estate asap. THAT IS YOUR EXIT STRATEGY!