Proposal to Use Building

Transcription

1 Proposal to Use Building Please fill out this form if you propose to use either the old Lafayette library or the old doctor s office at 949 Moraga Road. This form should be viewed as a guide; feel free to amend or append this form with other or different information that better describes what you seek to accomplish. Please send your completed form to sfalk@lovelafayette.org. Completed forms must be submitted by January 1, Organization Project Name Requested By Phone / LAFAYETTE HOSPITALITY LLC LAFAYETTE BOUTIQUE INN URVESH KOTECHA urveshkotecha@aol.com Which Building Do You Want to Use (Circle One or Both): 949 Moraga Road (Old Doctors Office) Mission Statement of Your Organization [State your organization's mission statement.] LOVE LAFAYETTE BOUTIQUE STYLE HOSPITALITY We live by our commitment to know our guests as we perform at extraordinary levels and deliver highly personalized service with humility and grace. We embrace and reflect the heritage of our destinations through our emphasis on art, architecture and the environment. We take an active, responsible role in the community to become valued neighbors.

2 How Will Your Organization Use the Building? [Summarize the opportunity that your organization wants to explore] PROPOSE NEW CONSTRUCTION OF A BOUTIQUE STYLE HOTEL WITH 60 ROOMS. UNLESS BUILDING IS REQUIRED TO BE INCLUDED BY CITY, THEN SUBJECT TO ARCHITECTURAL DRAWINGS.

3 Other Details: Proposed days and hours of operation. 365 DAYS 24 HOURS Minimum and maximum number of staff members in the building during operating hours 8AM TO 4PM 10 PERSONS 4PM TO 8 AM -3 PERSONS Minimum and maximum number of patrons in the building at peak operating hour. 5PM TO 11.30AM 80 TO 100 PERSONS TO 5PM 10 TO 20 PERSONS Number of parking spaces required. 60 TO 70 PARKING SPACES Does your use require that permanent changes be made to the building? If so, describe. For how many months / years would you expect to use the facility? If perpetual, write perpetual. NEW CONSTRUCTION 60 UNIT BOUTIQUE HOTEL WITH BREAKFAST AREA, FITNESS CENTER, POOL AND SPA PERPETUAL Will any chemicals be used for your operation, including cleaning materials? If so, describe. HOUSEHOLD CLEANING, GREEN AND ORGANIC WHEN AVAILABLE Expected maximum noise level: VERY LOW

4 How Will the Community Benefit from Your Organization s Use of the Space? [Describe how the community will benefit} CURRENTLY, ONLY ONE HOTEL IN LAFAYETTE. DEMAND IS GREATER THAN SUPPLY AND WE WOULDFULFILL NEEDS OF RESIDENTS, VISITORS, AND THE BUSINESS COMMUNITY. Financial Projections: Start Up Costs Use the table below to describe the expected costs for your organization to occupy the building and begin operation, and your sources to fund the start-up. Uses Amount Fixtures and Equipment 500,000 Remodeling-NEW CONSTRUCTION-60 ROOMS 7,800,000 Special Equipment Starting inventory 100,000 Public utilities fees 200,000 Legal and other professional fees 300,000 Licenses and permits 200,000 Advertising and promotion for opening 100,000 Cash Reserves 300,000 Other SITE IMPROVEMENT 200,000 Other MISCELLANEOUS 300,000 Other Subtotal Estimated Start Up Cost 10,000,000 Sources Describe source PERSONAL 1,600,000 Describe source SBA FINANCING 8,400,000 Describe source Subtotal Estimated Start Up Resources 10,000,000 Net Startup Cost Expected Start Up Subsidy from City (if any)

5 Financial Projections: Annual Operating Expenses and Revenues Use the table below to describe the expected costs for your organization to occupy the building and begin operation. Uses Salaries Benefits Rent Paid to City Advertising Supplies Telephone Other utilities Insurance Taxes, including social security Bank Loan Payments and Interest Maintenance Legal and other professional fees Miscellaneous Other (describe) Other (describe) Subtotal Uses Amount PLEASE SEE ATTACHED PRO-FORMA Sources of Annual Revenue Subtotal Sources Net Annual Surplus or Deficit Expected Annual Subsidy from City (if any)

6 TO BE NAMED LAFAYETTE HOSPITALITY, LLC PRO-FORMA INCOME & EXPENSE - 12 MONTHS INCOME 12 MONTHS SALES 1,970, MEETING ROOM 15, MISCELLANEOUS INCOME 3, TOTAL INCOME 1,988, EXPENSES PAYROLL EXPENSE MANAGEMENT FEES 49, SALARIES & WAGES 260, TEMP. HELP / CONTRACT LABOR 9, TOTAL PAYROLL EXPENSE 318, PAYROLL BURDEN WORKERS COMPENSATION 3, FICA-EMPLOYER SHARE 51, UNEMPLOYMENT TAXES - FED 3, UNEMPLOYMENT TAXES - STATE 3, TOTAL PAYROLL BURDEN 60, HOTEL OPERATING EXPENSES AUTO & TRUCK EXPENSES 3, BAD DEBTS 1, BANK CHARGES CABLE, WIFI, TV CHARGES 14, CREDIT CARD COMMISSION PD 54, DUES / SUBSCRITIONS 2, GUEST BREAKFAST SUPPLY 57, LAUNDRY SUPPLIES 13, LICENSES / PERMITS 3, LANDSCAPING SERVICE 19, HOTEL SUPPLIES 49, OFFICE SUPPLIES & POSTAGE 3, PEST CONTROL 5, POOL SUPPLIES 2, REPAIRS & MAINTENANCE 36, TOTAL HOTEL OPERATING EXPENSE 265, MARKETING EXPENSES ADVERTISING 66, ENTERTAINMENT & MEALS 11, TRAVEL AGENT / WEB COMMISSION 63, TOTAL MARKETING EXPENSES 140,000.00

7 TO BE NAMED LAFAYETTE HOSPITALITY, LLC PRO-FORMA INCOME & EXPENSE - 12 MONTHS UTILITIES TELEPHONE 8, TRASH COLLECTION 6, ELECTRICITY 31, GAS 8, WATER 23, TOTAL UTILITIES EXPENSE 76, OPERATING EXPENSES INSURANCE - GENERAL 49, PROFESSIONAL & LEGAL FEES 8, TAXES - PROPERTY & OTHER 120, TRAVEL 2, TOTAL OPERATING EXPENSES 180, TOTAL EXPENSES 1,041, OPERATING PROFIT / (LOSS) 947, OVERHEAD EXPENSES AMORTIZATION OF ORG. EXP. 75, DEPRECIATION 185, INTEREST EXPENSE 393, TOTAL OVERHEAD EXPENSES 653, NET OPERATING PROFIT/ (LOSS) 293, CITY LAND PAYMENT 120, NET PROFIT AFTER TAXES 173,900.00

8 Floor Plan Use one or both of the floor plans below to provide a rough sense of how the spaces will be used. BUILDING FLOOR PLAN Old Lafayette < 50 > Library

9 Moraga Road