₦airaland Forum

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Thank you.

In my analysis, I said N3m for renovation, that includes servicing the Acs, re-tiling the necessary areas and repainting.

Remodelling will be at the purchaser's discretion, we are offering 'as it is'.

Yes, Asaba has lots of hotels but remember they come in different grades -stars. A hotel of this grade which is not expensive will always have at least 90% full booking given its location and easy accessiblity. The roads are newly tarred and have drainages.

If you have Acs and customers are sure of using them from 6pm till 7am the next morning and you have excellent services coupled with good advertising, my brother you will always smile to the banks.

Your request has been noted and I will let you know if I come across such a plot.

Thank you for the appreciable level of interest you have shown in this property.

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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.

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Thanks op, thats the most important thing in business..knowing how to strike at the best time.

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Okay Sir.
No, I'm just one of the sales agents.

[quote author=zamirikpo post=47949851]Am offering 15m that building needs total overhauling for it to compete with others in its class.. ..@poster confirm the structure is off Ibusa road, wanna check it out.

I'm sorry you have to step up your budget Sir. Were you able to locate it or should I assist?

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And yes it is Sir.

I think op means his stuff from a lighter metaphorical and maybe sarcastic angle.

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Please lets discuss on whatsapp Sir, 08134343680. Meanwhile that building is very good forget about how the pics look.

Cool, very cool.

Very insightful comments. Thanks op.

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