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Jonathan Choufany's Project

Owner:
Jonathan Choufany
Title: Real Estate Investment Project
Location:
Debbiyeh
Industry:
Real Estate
Number of employees:
Current stage of business:
Concept
Help needed:
Funding
 
Legal form:
Jonathan
Past funding received:
Annual gross sales:
5000000
Amount needed:
20000000
Intersted in:
Equity
Purpose of funding:
Date last modified:
2014-07-09 18:25:55
Description of the project:

a profitable project in a prestigious area where a number of former ministers own lands (in a 5km surface!) and many other important people, for example:

Former Prime Minister Mikati own 280 000 m2, former Prime Minister Siniora own with another company 280 000 m2, another Lebanese businessman also own around 300 000 m2.This proves that this area is a great potential investment, because of its

Distance to Downtown central Beirut city (Solidere) : 30 km

Distance to Saida city: 15 km.

Distance to Beirut International Airport: 20 km.

Distance to the highway: 3 km.

2 universities in the area: The national lebanese university and the Arabian Open university(more than 10 000 students!!).

The project’s feasibility study: (worst case scenario)

1st lot:

Surface: 11170 m2, divided in 2 sections approximately 8000 and 3000 the land’s classification is 40/80 so the authorized building investment is

16 500 m2.

Sellable area: 16 500 m2.

Price: 11 170 * 400 = 4 468 000 $

Allotment: 90 000 $.

Construction: 600 $/m2 * 16 500 m2 = 9 900 000$

Unseen: 720 000$ ((9 900 000$ + 4 500 000$)* 5%).

Total Cost ≈ 15 000 000 $.

Selling price: 1400 $ * 16 500 m2 ≈ 23 000 000 $.

Net Profit: 23 000 000 – 15 000 000 = 8 000 000 $.

 

 

 

 

2nd lot:

Surface: 8 210 m2.

Price: 8 210 * 400 = 3 284 000 $

Allotment: 65 000$

Construction: 550$ * 12 500 = 6 875 000$

Unseen: 343 750 (6 875 000$ * 5%)

Total Cost: 10 700 000 $

Selling price: 1250 $ * 12 500 m2 = 15 625 000$

Net Profit: 15 625 000 – 10 700 000 = 4 925 000 $

So overall, the net profit after worst case scenario explained (highest cost and lowest selling price) will be approximately 13 000 000 $ on 26 000 000 $ (50%) that will be put on the project overall in a time frame between 3 and 5 years.

We should note here that the commercial area, its classification, its great location and view are perfect for small and medium flats as well (70-200 m2).

Our engineers have great experience and creative modern ideas that they are applying in the projects they work on and the results are astonishing!! You will see a sample in the attachments..

 

And the best way to sell fast is to have multiple choices in the same building. As the experience have proven 30% of the flats will be sold on “the map” before the building is completed and that is due to the high quality engineering, the material used, the high tech features and the location smartly chosen.. For example they put a unique system rarely used in Lebanon that allows you to control your house using your smart phone (electricity, music, cameras, ACs…).

We will have everything the buyer could need (in the same building!!):

Small size apartment, flat + pool (penthouse, it’s like a villa on the top of the building), apartment with a garden around the house, medium to big size apartments, medium to high quality material (differs from building to another)… And of course we will invest in a gym for example and a pharmacy because of course we will have 400 persons in the project!! This on its own will make the difference in selling fast and reducing the risk to its minimum!!

Beginning of the project: 5 months for the engineers, legal papers and taxes.

Expected duration (based on experience) to finish the first set of buildings: 14 months, and of course the project will nurture itself from day 1 !!

We chose lots less than 10 000 m2 so we can take full advantage of every m2 commercially seeking the highest profits possible, because if one lot is greater than that we are obliged to leave an unprofitable surface of 25% as gardens and roads…

a profitable project in a prestigious area where a number of former ministers own lands (in a 5km surface!) and many other important people, for example:

Former Prime Minister Mikati own 280 000 m2, former Prime Minister Siniora own with another company 280 000 m2, another Lebanese businessman also own around 300 000 m2.This proves that this area is a great potential investment, because of its

Distance to Downtown central Beirut city (Solidere) : 30 km

Distance to Saida city: 15 km.

Distance to Beirut International Airport: 20 km.

Distance to the highway: 3 km.

2 universities in the area: The national lebanese university and the Arabian Open university(more than 10 000 students!!).

The project’s feasibility study: (worst case scenario)

1st lot:

Surface: 11170 m2, divided in 2 sections approximately 8000 and 3000 the land’s classification is 40/80 so the authorized building investment is

16 500 m2.

Sellable area: 16 500 m2.

Price: 11 170 * 400 = 4 468 000 $

Allotment: 90 000 $.

Construction: 600 $/m2 * 16 500 m2 = 9 900 000$

Unseen: 720 000$ ((9 900 000$ + 4 500 000$)* 5%).

Total Cost ≈ 15 000 000 $.

Selling price: 1400 $ * 16 500 m2 ≈ 23 000 000 $.

Net Profit: 23 000 000 – 15 000 000 = 8 000 000 $.

 

 

 

 

2nd lot:

Surface: 8 210 m2.

Price: 8 210 * 400 = 3 284 000 $

Allotment: 65 000$

Construction: 550$ * 12 500 = 6 875 000$

Unseen: 343 750 (6 875 000$ * 5%)

Total Cost: 10 700 000 $

Selling price: 1250 $ * 12 500 m2 = 15 625 000$

Net Profit: 15 625 000 – 10 700 000 = 4 925 000 $

So overall, the net profit after worst case scenario explained (highest cost and lowest selling price) will be approximately 13 000 000 $ on 26 000 000 $ (50%) that will be put on the project overall in a time frame between 3 and 5 years.

We should note here that the commercial area, its classification, its great location and view are perfect for small and medium flats as well (70-200 m2).

Our engineers have great experience and creative modern ideas that they are applying in the projects they work on and the results are astonishing!! You will see a sample in the attachments..

 

And the best way to sell fast is to have multiple choices in the same building. As the experience have proven 30% of the flats will be sold on “the map” before the building is completed and that is due to the high quality engineering, the material used, the high tech features and the location smartly chosen.. For example they put a unique system rarely used in Lebanon that allows you to control your house using your smart phone (electricity, music, cameras, ACs…).

We will have everything the buyer could need (in the same building!!):

Small size apartment, flat + pool (penthouse, it’s like a villa on the top of the building), apartment with a garden around the house, medium to big size apartments, medium to high quality material (differs from building to another)… And of course we will invest in a gym for example and a pharmacy because of course we will have 400 persons in the project!! This on its own will make the difference in selling fast and reducing the risk to its minimum!!

Beginning of the project: 5 months for the engineers, legal papers and taxes.

Expected duration (based on experience) to finish the first set of buildings: 14 months, and of course the project will nurture itself from day 1 !!

We chose lots less than 10 000 m2 so we can take full advantage of every m2 commercially seeking the highest profits possible, because if one lot is greater than that we are obliged to leave an unprofitable surface of 25% as gardens and roads…

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