Hello experts,
My name is David and I have what I think is an excellent opportunity but, would like to use the experts as a sounding board. Here’s a snap shot of the situation.
10 years ago the state department purchased 3 of the 5 acres of my parent’s property for a highway project. We were left with 2 acres on an intersection. Recently the highway opened and the current traffic count is around 10,000 vehicles per day. Also we fall just outside the boundaries of a Master Planned Community where they are now building model homes and project 15,000 homes in 10 years. 1.7 miles south of our location the community is building a college (expected to be open end of year and initially 700 students). 2.5 miles south of our location a new high school was built (Catholic) and they have 600 students. To date there is no competition on the 10 mile stretch of highway nor in the community. Considering the traffic count, lack of competition, college, master planned construction, high school, teachers and construction workers I felt a pizzeria would be great. Recently the owners of the Master Planned Community contacted me and asked if I would be interested in a land swap and moving the operation directly across highway from college and inside the planned community (the property would still be on highway). The planned community also asked if I would be interested in building a convenience store/gas station/pizzeria combination. I have found a local gas jobber that is excited about partnering with me on the project and is willing to absorb all costs associated with pump, tank, canopy installation and split profits with me. An external party conducted a site feasibility assessment on the site and projected 200,000 gals of fuel and 100,000 inside sales for the c-store initially. I may be getting a bit close to the project because I can’t find anything wrong with short and long term viability of the operation. The pizzeria would be connected to the C-store but would basically be a separate operation (there would be an opening in the wall allowing access to the pizzeria for commuters and we would sell pizza by the slice to go. The architect mentioned running a duct from near the pizza oven to the c-store so customers would be overwhelmed by the awesome smell of pizza as they enter the store. My vision for the pizzeria is something like an Abrecrombie and Fitch coolness level cafe with great music, wifi, quality beer and a couple of big screens for game day.
As the experts I ask if my vision for the pizzeria unit of the operation is off track or if this is really a viable concept?
thanks in advance for taking time to review and comment
Warm Regards,
David
My name is David and I have what I think is an excellent opportunity but, would like to use the experts as a sounding board. Here’s a snap shot of the situation.
10 years ago the state department purchased 3 of the 5 acres of my parent’s property for a highway project. We were left with 2 acres on an intersection. Recently the highway opened and the current traffic count is around 10,000 vehicles per day. Also we fall just outside the boundaries of a Master Planned Community where they are now building model homes and project 15,000 homes in 10 years. 1.7 miles south of our location the community is building a college (expected to be open end of year and initially 700 students). 2.5 miles south of our location a new high school was built (Catholic) and they have 600 students. To date there is no competition on the 10 mile stretch of highway nor in the community. Considering the traffic count, lack of competition, college, master planned construction, high school, teachers and construction workers I felt a pizzeria would be great. Recently the owners of the Master Planned Community contacted me and asked if I would be interested in a land swap and moving the operation directly across highway from college and inside the planned community (the property would still be on highway). The planned community also asked if I would be interested in building a convenience store/gas station/pizzeria combination. I have found a local gas jobber that is excited about partnering with me on the project and is willing to absorb all costs associated with pump, tank, canopy installation and split profits with me. An external party conducted a site feasibility assessment on the site and projected 200,000 gals of fuel and 100,000 inside sales for the c-store initially. I may be getting a bit close to the project because I can’t find anything wrong with short and long term viability of the operation. The pizzeria would be connected to the C-store but would basically be a separate operation (there would be an opening in the wall allowing access to the pizzeria for commuters and we would sell pizza by the slice to go. The architect mentioned running a duct from near the pizza oven to the c-store so customers would be overwhelmed by the awesome smell of pizza as they enter the store. My vision for the pizzeria is something like an Abrecrombie and Fitch coolness level cafe with great music, wifi, quality beer and a couple of big screens for game day.
As the experts I ask if my vision for the pizzeria unit of the operation is off track or if this is really a viable concept?
thanks in advance for taking time to review and comment
Warm Regards,
David
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