Your thoughts on my future carreer change

   / Your thoughts on my future carreer change #41  
IF you do weddings, you need to theme the venue. You could have several areas on your land to cater to the taste of the bride and groom - i.e. Hawaiian, Western , Tropical, Southern bell, Elegant garden party, lake waterfall, etc. etc. You should be able to get about 5K for the use of the wedding site. Now if you have an area for the reception that's another fee for the dinner etc. You can make extra from rentals, tent, tables, linen, flowers etc. or just a usage fee.
Liability would be HUGE. If someone gets drunk and kills someone on the road, you will be brought into the suit as will the car manufacturer, booze maker, caterer, bride, groom, everyone's Uncle etc. but then again any business is open to shyster.
 
   / Your thoughts on my future carreer change #42  
Good advice above .You have to deal with these people (subcontractor) 25% mark up at least for tents,tables,flowers. They are using your land and expensive facilities to make money. Your job is to drive there price down as low as possible while upselling as high as possible to bride and groom. You will have to control it and be the gate keeper so to speak. And that puts you on the hot seat.
Nothing is as easy as some posters think. I would definitely put business in a LLC and survey out a few of your most unwanted acres to LLC. You and your Dad can sublease some land back to LLC. A million dollar umbrella on LLC would be at a minimum. Remember you are the first pig at food bin to bankrupt ( for a lawyer ).
The whole wedding thing sounds like a nightmare to me. Things will go wrong in any of these ideas. I would rather go to a Texas Courtroom ( similar to NC )
over a unpaid storage bill or messed up camping trip more than a screwed up wedding. You will get sued for weddings at least once or twice per year if you do any volume. Put it in your business plan. A wedding is just to emotional of event not to get sued.
 
   / Your thoughts on my future carreer change #43  
Both will be some work, but you sound excited more about the wedding idea... this translates to more passion about doing it right... and something to keep you going when it gets tough. We went to a wedding a number of years ago where the bride arrived at the church in a carriage pulled by a horse. The bride and groom left in it after they were married and arrived at the reception in it. Then the kids got to go on rides during the reception...
 
   / Your thoughts on my future carreer change #45  
Do you still have your pig Oscar?

That crossed my mind too, how is the big fella doing?

My wife and I have business experience, but we are thinking of retiring comepletely, we are 59 and 52. The one thing I would say, is plan your exit before you start.
 
   / Your thoughts on my future carreer change
  • Thread Starter
#46  
IF you do weddings, you need to theme the venue. You could have several areas on your land to cater to the taste of the bride and groom - i.e. Hawaiian, Western , Tropical, Southern bell, Elegant garden party, lake waterfall, etc. etc. You should be able to get about 5K for the use of the wedding site. Now if you have an area for the reception that's another fee for the dinner etc. You can make extra from rentals, tent, tables, linen, flowers etc. or just a usage fee.
Liability would be HUGE. If someone gets drunk and kills someone on the road, you will be brought into the suit as will the car manufacturer, booze maker, caterer, bride, groom, everyone's Uncle etc. but then again any business is open to shyster.

This is along the line of what we are thinking. Where the pond is and the gazebo that I'm building now, we will build a lodge designed for weddings and events that looks out over the water, but is also next to a 20 acre preserve with a few elk, fallow deer, axis deer and maybe something else that does well in my area. Then on the other side of that preserve, we will build another wedding pavilion and lodge that also takes advantage of the view into the wildlife preserve. This one will be in the pines and have a more East Texas feel to it, but very fancy. The gazebo/pavilion I have in mind is going to be amazing!!! Then near the front of the land we have already cleared a few acres for what was going to be storage units. This will become pasture and increase in size to 20 acres. We will have cattle in there and I will build a Texas themed barn overlooking the pasture. These three different venues will be what we have to offer. Each one will have a honeymoon cabin, lots of parking and include tables and chairs for a couple hundred people each. They are separate from each other so you cannot see them or hear what's going on. Bottom end pricing is $3,000 each and it goes up from there. From all the searching I'm doing on places to get married, they are all booked up for the year and from their comments on FB, they are starting to book up for next year already!!! One of them is just amazing and their price is double what everybody else is getting. It's a multi million dollar building that looks like it came from Italy. It's really nice. Everything else is fairly plain to run down looking. You either get a hall at the church a hotel or rent from one of somebody who has converted a shop or their house or a barn into a reception hall, which are not done very well without much planning to them.

My thought is to build the hall with a large room big enough for 300 people, a kitchen that is caterer friendly, a bar, his and her bathrooms, and dressing rooms for the bride and groom that include private bathrooms with showers, along with a big storage area. Open beams, nicely finished out with lots of stained wood.

One of the advantages to this piece of land is that I'm 2,700 feet from a manhole where I can get to city sewer. Cost of the lift station to do this is about a hundred grand. This would have unlimited capacity and would easily handle 200 RV sites and 60 plus cabins, several laundry mats and a store with a restaurant. Now I'm wondering if I should just spend ten grand and go septic?

Roads for the RV's where going to start out as gravel and eventually get paved. 40,000 pound RV's are going to tear up the roads pretty quickly and it's easily a six figure expense to build them. If there are no RV's, then car traffic is easily handled with just a few gravel roads and a gravel parking lot. Down the road I can pave them, but there isn't a rush for that expense.

Water and power to three locations is pretty simple compared to hundreds. I have natural gas, so going with an instant hot water system should save on heating water when the buildings stand empty. Same with heating the buildings compared to an electric furnace.

My location is ideal for an RV Park based on several considerations. Most important is access. I'm half a mile off of Interstate 20, half way between Dallas and Shreveport. Tyler State Park is a rural campground five miles away and it's booked up from spring until fall. They have a list of local RV Parks that they send their overflow to that are fairly run down and lack anything to do when you get there. The wildlife preserve was going to be 8 acres if I do the RV Park. Add fishing, a swimming pool, hiking trails, and two acre off leash dog park and restaurant with a store to it and I feel it should attract people. The expense to build all that is HUGE!!!! To maintain it and keep it nice is also going to be a big expense.

According to the National Association, bathroom's are the biggest complaint of RV'ers. They have to be cleaned constantly!!! They want big pull through sites and the first thing they do when they park is hook up the TV. WiFi is a must. The number one thing that people do on vacation is go shopping. It's so high up the list that number two doesn't even get half as many votes as what they want to do. Eco tourism is the biggest draw to people on vacation, whether it's seeing animals, photography, nature, water or anything outdoors.

If I do the wedding thing, then I feel it's going to be more about creating an amazing setting. As an armature photographer, I also think it's about creating spaces for beautiful pictures. Karen has a green thumb. People at the hospital give her dying plants all the time and she brings them back to life. She buys the almost dead plants at Lowes for a buck and I can't think of a single one she couldn't save. She plans on enrolling in the Master Gardner course and landscaping everything.

More land has to be cleared, but if we go this route, it's the fun type of clearing where we are taking advantage of what's hear and not taking out what's in the way because we need a road or RV site. Slopes and angles are now good, where flat and straight is more important for RV's.

Eddie
 
   / Your thoughts on my future carreer change #47  
This is along the line of what we are thinking. Where the pond is and the gazebo that I'm building now, we will build a lodge designed for weddings and events that looks out over the water, but is also next to a 20 acre preserve with a few elk, fallow deer, axis deer and maybe something else that does well in my area. Then on the other side of that preserve, we will build another wedding pavilion and lodge that also takes advantage of the view into the wildlife preserve. This one will be in the pines and have a more East Texas feel to it, but very fancy. The gazebo/pavilion I have in mind is going to be amazing!!! Then near the front of the land we have already cleared a few acres for what was going to be storage units. This will become pasture and increase in size to 20 acres. We will have cattle in there and I will build a Texas themed barn overlooking the pasture. These three different venues will be what we have to offer. Each one will have a honeymoon cabin, lots of parking and include tables and chairs for a couple hundred people each. They are separate from each other so you cannot see them or hear what's going on. Bottom end pricing is $3,000 each and it goes up from there. From all the searching I'm doing on places to get married, they are all booked up for the year and from their comments on FB, they are starting to book up for next year already!!! One of them is just amazing and their price is double what everybody else is getting. It's a multi million dollar building that looks like it came from Italy. It's really nice. Everything else is fairly plain to run down looking. You either get a hall at the church a hotel or rent from one of somebody who has converted a shop or their house or a barn into a reception hall, which are not done very well without much planning to them.

My thought is to build the hall with a large room big enough for 300 people, a kitchen that is caterer friendly, a bar, his and her bathrooms, and dressing rooms for the bride and groom that include private bathrooms with showers, along with a big storage area. Open beams, nicely finished out with lots of stained wood.

One of the advantages to this piece of land is that I'm 2,700 feet from a manhole where I can get to city sewer. Cost of the lift station to do this is about a hundred grand. This would have unlimited capacity and would easily handle 200 RV sites and 60 plus cabins, several laundry mats and a store with a restaurant. Now I'm wondering if I should just spend ten grand and go septic?

Roads for the RV's where going to start out as gravel and eventually get paved. 40,000 pound RV's are going to tear up the roads pretty quickly and it's easily a six figure expense to build them. If there are no RV's, then car traffic is easily handled with just a few gravel roads and a gravel parking lot. Down the road I can pave them, but there isn't a rush for that expense.

Water and power to three locations is pretty simple compared to hundreds. I have natural gas, so going with an instant hot water system should save on heating water when the buildings stand empty. Same with heating the buildings compared to an electric furnace.

My location is ideal for an RV Park based on several considerations. Most important is access. I'm half a mile off of Interstate 20, half way between Dallas and Shreveport. Tyler State Park is a rural campground five miles away and it's booked up from spring until fall. They have a list of local RV Parks that they send their overflow to that are fairly run down and lack anything to do when you get there. The wildlife preserve was going to be 8 acres if I do the RV Park. Add fishing, a swimming pool, hiking trails, and two acre off leash dog park and restaurant with a store to it and I feel it should attract people. The expense to build all that is HUGE!!!! To maintain it and keep it nice is also going to be a big expense.

According to the National Association, bathroom's are the biggest complaint of RV'ers. They have to be cleaned constantly!!! They want big pull through sites and the first thing they do when they park is hook up the TV. WiFi is a must. The number one thing that people do on vacation is go shopping. It's so high up the list that number two doesn't even get half as many votes as what they want to do. Eco tourism is the biggest draw to people on vacation, whether it's seeing animals, photography, nature, water or anything outdoors.

If I do the wedding thing, then I feel it's going to be more about creating an amazing setting. As an armature photographer, I also think it's about creating spaces for beautiful pictures. Karen has a green thumb. People at the hospital give her dying plants all the time and she brings them back to life. She buys the almost dead plants at Lowes for a buck and I can't think of a single one she couldn't save. She plans on enrolling in the Master Gardner course and landscaping everything.

More land has to be cleared, but if we go this route, it's the fun type of clearing where we are taking advantage of what's hear and not taking out what's in the way because we need a road or RV site. Slopes and angles are now good, where flat and straight is more important for RV's.

Eddie

Sounds like a $10,000.000 - $15,000.000 million dollar start-up investment with a 5 or more million follow up investment within five years of opening. The sixty cabins if you go with modular build requiring you to only provide, prepared site location consisting of electrical, fresh and grey water connections TV, telephone and internet connection, parking and furnishings would probably be $35,000 each and somewhere in the neighborhood of $2,000.000. The three hundred person hall with restroom facilities, a kitchen and dining area, special lighting for filming wedding and audio capturing with adequate parking would also be 2-3 million.

You are talking money, big money.
 
   / Your thoughts on my future carreer change #48  
I have no expertise or perspective on weddings vs. RV Park. However, my wife started a business from scratch and has been running it for the past 4 years. My observations:

--- Whatever your business plan says the start-up investment will be ... add 25% to that number. There will be things you missed. You cannot run short of cash.

--- whatever your projected cash break-even year is, add 20% to that estimate. Again, you cannot run out of working capital.

--- Plan to work many many many hours. More hours than you can ever believe. You are the "man" in this business and there is rarely downtime. Every decision, problem, issue, phone call, customer complaint, saleman is yours and yours alone.

--- If your spouse is also a key part of the business be prepared. It is stressful, hard, time consumming and all-in. Few people can work that closely and that long with anyone without issues. Add to that the same person you will be going home at night to, and it is difficult. Just be prepared. A family business puts tremendous strain on family finances and relationships. Add to that any child care responsibilities and it can be overwhelming.

Bottomline, and most important, be absolutely sure this is a task you truly love and enjoy doing. It will be the primary and all encompassing focus of your life. If you do not enjoy the work, it will be miserable.

I am not trying to discourage you ... only trying to share my experiences. If you love the work, it will be fun. If you don't, well, it will not be fun. In your case, I believe all the building and preparation work will be very enjoyable. Actually running the business after the preparation work is done, I really don't know. Is running a wedding facility really your life dream?

Good luck.

MoKelly
 
   / Your thoughts on my future carreer change #49  
I don't have an opinion on either business but there will be similar construction/development issues. Before you get to far down the road check on Zoning, Permits & Licensing costs. I assume that you are planning on doing all or most of the construction so check with a CPA concerning how you fund the project. It may be better if Walker Construction Company is hired by Walker Wedding Chapel (or RV Park) to build the project versus doing the construction just as the property owner. Also, what are you going to do for income while you spend all of your time building this project.
 
   / Your thoughts on my future carreer change #50  
I have no expertise or perspective on weddings vs. RV Park. However, my wife started a business from scratch and has been running it for the past 4 years. My observations:

--- Whatever your business plan says the start-up investment will be ... add 25% to that number. There will be things you missed. You cannot run short of cash.

--- whatever your projected cash break-even year is, add 20% to that estimate. Again, you cannot run out of working capital.

--- Plan to work many many many hours. More hours than you can ever believe. You are the "man" in this business and there is rarely downtime. Every decision, problem, issue, phone call, customer complaint, saleman is yours and yours alone.

--- If your spouse is also a key part of the business be prepared. It is stressful, hard, time consumming and all-in. Few people can work that closely and that long with anyone without issues. Add to that the same person you will be going home at night to, and it is difficult. Just be prepared. A family business puts tremendous strain on family finances and relationships. Add to that any child care responsibilities and it can be overwhelming.

Bottomline, and most important, be absolutely sure this is a task you truly love and enjoy doing. It will be the primary and all encompassing focus of your life. If you do not enjoy the work, it will be miserable.

I am not trying to discourage you ... only trying to share my experiences. If you love the work, it will be fun. If you don't, well, it will not be fun. In your case, I believe all the building and preparation work will be very enjoyable. Actually running the business after the preparation work is done, I really don't know. Is running a wedding facility really your life dream?

Good luck.

MoKelly

The fact State Campground is full and sending there overflow to run down campgrounds is a big plus. I dont have any experience with owning or running a wedding faculty but the fact they are full and booked is a big plus also.
I would pick the one of your several ideas that you can put in place quickest and cheapest. Use cash flow from that adventure to fund other projects. Slowly put less time in your construction business and build new projects as cash flow allows.

Poster above makes good points. I believe he has been there done that. I speak from experience. My first Wife ( divorced 20 years ago ) worked for me and learned how to be very good at her job. Enough that local " Rick Hendrick Dealership " paid her 100 Gs per year to go work for them running there collision repair center.
Being married and owing small business together is a 24 hour thing. You talk about it over dinner on weekends and on vacation. One of the reasons for our divorce.
Second time around I was determined wife would not be involved. It has worked out well for the last 22 years. I have simple LLC with rental property. (commercial and residental ) she helps out but not in day to day operations.

Most people who make it big in business could care less about money ( myself included ) they just want to build something great . And money seems to follow, with some luck included.

I would print MoKelly post and stick it on my mirror so I had to read it each morning. I think it is great advice.
Scott
 

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