Phase II - Stay

Start Up Cost

Primary Build Costs

  • Shepherds Huts: $50,000 each

  • Cabin: $75,000

    Inclusive of site preparation, built, utility connection and interior outfitting.

Total Loan request

$200,000

Includes: insulation for market volatility impacting material costs, marketing and promotional expenses, administrative start-up costs

Booking Details

Shepherds Huts: $150/night, minimum 2 night stay

Forecast occupancy rate 60% breakdown: 80% summer, 60% spring + fall, 40% winter occupancy)

Minimum forecast annual booking fees per unit: $30,000

Cabin: $250/night, minimum 2 night stay

Forecast occupancy rate 60% breakdown: 80% summer, 60% spring + fall, 40% winter occupancy)

Minimum forecast annual booking fees: $50,000

Annual Gross Return Estimate $110,000

Phased Build Option

Phased Build Costs

  • Year 1 Initial Build: Shepherds Hut 1 (SH1), concurrent site preparation for SH2 and order placed for SH2 to access material and labor discounts

  • Year 2 Secondary Build: returns from SH1 fund final built and fitting of SH2, begin site preparation for Cabin

  • Year 4-5: Final Build: returns from SH1 + SH2 fund final site preparaton, build and outfitting for Cabin rental

Total Initial Loan request

$75,000

Includes: insulation for market volatility impacting material costs, marketing and promotional expenses, administrative start-up costs

Because of the factors of market volatility for material costs and the lower cost of concurrent build orders for rental units, this option will incur more long term costs and lower initial rental opportunity with associated lower returns.

Community Impact

Employment Opportunities

Year 1 - PT Cleaner (4x6hr/wk year round)

Year 2-3- FT Cleaner + Admin Assistant (5x8hr/wk year round)

Year 5 - FT Hospitality Manager (5x8hr/wk year round)

Tourism Impact

Average per person tourism spending estimate as of 2024: $250, which is inclusive of lodging costs. Regional spend estimates are for amount spent on businesses surrounding Working Title Farm.

Per 2 person booking (Shepherds Huts), estimated regional spend: $150-300

Per 4 person booking (Cabin), estimated daily regional spend: $200-350

estimates based on 2024 data for 2 night minimum bookings