₦airaland Forum

survemeka:
Of course, it will be renovated to suit the investor's taste. The required renovation is decorative in nature and not structural.

Let me do you a little analysis:
This property is for N25m.
You purchase it.
You spend N3m for renovation, thats 28.
You purchase a soundproof generator set for like N2m, thats N30m total cost.

These 20 rooms can fetch you 3k each a day thats 60k per day lets not talk about your profits from food and drinks.

You deduct expenses for diesel and wages for like 7 staff (gateman, receptionist, bar man, 2 kitchen people and 2 house keepers) @ like 15k per day.

This leaves you with a net profit of 45k everyday plus extra profit from your innovative ideas in food and drinks.

At 45k per day, every year, you make N16,425,000. In a year and eight months, ok lets say 2 years, you have recouped your N30m. Your returns from food and drinks is your extra glory.

I read the story of Yahoo today, one of the lessons I learnt is to be bold and take certain investment decisions at the right time.

Hope you find my analysis reasonable Sir.