Edwin Barquet
Piney Creek, NC (USA)
Role(s):
Founder/Owner/Principal
River Country Estates & Resort
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Startup
Location:
Piney Creek
Industry:
Real Estate
Year Founded:
2005
Number Employees:
1-10 people
Business Stage:
Creation/Idea
Entity Type:
Limited Liability Company
Description:
Development of 100 single-family home residences in the beautiful Blue Ridge Mountains of North Carolina. The development will feature upscale cabin living on a scenic 330-acre property. Amenities in existence include a 15,140 square foot lodge style clubhouse, tennis courts, a basketball court, jacuzzi and an indoor/outdoor pool along with project landscaping components. Amenities to be developed include a Wedding Reception building, convenience store, and a thirty-two-acre private river front park with walking trails and site for a family restaurant /bar, and 25 cottages.
The proposed investment sets forth a preferred return to the investor with interest paid back on the initial purchase equity investment as well as an ownership position in the business. In addition to revenue generated by the sales of the homes, income will also be generated thru Clubhouse memberships, cabin rentals, restaurant and bar income, and a host of other rental such as golf carts, atv’s, & excursions etc.
The acquisition cost of the assets and improvements on the real property are less than half of the current replacement cost factoring in all the prerequisite engineering, environmental, impact, and legal expenditures. This project can be ready for sales in a short time frame due to the existing infrastructure and business planning.
This project offers an investor a rapid repayment of funds at a favorable interest rate, and purchase equity position with long term cash flow.
Competitive Advantage:
Our property is home to some of the most majestic views in the Blue Ridge Mountains. The clubhouse and facilities are unmatched by the other resorts in the area offering mountain lodging. Our development features standalone luxury cabins whereas the competition has customers staying in older, more modest units. Not only is our product superior, but we are also better poised to capture the large Hispanic market in South Florida and Latin America as proven by a strong track record of sales in that community. Key staff positions will be staffed by bilingual personnel, thus allowing us to fully meet the needs of all our guests.
Sales and Marketing Strategy:
Our affiliation with American Prime Realty and Keller Williams Realty Brokers. American Prime sold over 100 homes and 99 lots with Mr. Barquet between 2005 and 2008 here at River Country Estates and Prime Mountain Estates our sister development.