I read in the newspaper today that the Chicken Ranch outside of Las Vegas was for sale . The asking price was $7 million or $9.5 Canadian .
You could finance the purchase if you could make $2 million a year . Now if the "house" made $100 profit off every visitor that would take 20,000 customers per year or 55 per day ( closed for Christmas .....but only 'cause I'm sentimental ) . So....55 customers a day you would need 15 or 20 ladies full time each seeing 2 or 3 customers per day on average . Gee 55 a day seems high so maybe we have to increase the house take to $200 per sucker ......er , I mean customer . After all it is Vegas and people aren't exactly careful with their money .
Ok lets see .......you could debt finance $6 million leaving $3.5 to raise in equity . We take it public on the Ventures exchange . Ok the Teachers Pension fund should be good for $2 million ( hey it's gotta be a better investment than the Raptors ) leaving us to find 10 investors @ $150,000 ( which lets us avoid having to do a prospectus ) . After interest and tax earnings would be about $950,000 or a 27% return on equity . Where else can you earn this rate of return ...lol .
Other considerations ......you would need someone like Sara to manage it otherwise all of the individual investors would want to be human resources manager . You would need to sign condom endorsement deals , maybe a lube deal as well .......slots while you wait ......bar.........mmmmmmmm. You could promote it through the Teachers by putting the Chicken Ranch logo on the Raptors and Leafs uniforms . All the NBA free agents would want to sign with the Raptors thinking they would get an employee discount The possibilities are endless .
Who's in ?
You could finance the purchase if you could make $2 million a year . Now if the "house" made $100 profit off every visitor that would take 20,000 customers per year or 55 per day ( closed for Christmas .....but only 'cause I'm sentimental ) . So....55 customers a day you would need 15 or 20 ladies full time each seeing 2 or 3 customers per day on average . Gee 55 a day seems high so maybe we have to increase the house take to $200 per sucker ......er , I mean customer . After all it is Vegas and people aren't exactly careful with their money .
Ok lets see .......you could debt finance $6 million leaving $3.5 to raise in equity . We take it public on the Ventures exchange . Ok the Teachers Pension fund should be good for $2 million ( hey it's gotta be a better investment than the Raptors ) leaving us to find 10 investors @ $150,000 ( which lets us avoid having to do a prospectus ) . After interest and tax earnings would be about $950,000 or a 27% return on equity . Where else can you earn this rate of return ...lol .
Other considerations ......you would need someone like Sara to manage it otherwise all of the individual investors would want to be human resources manager . You would need to sign condom endorsement deals , maybe a lube deal as well .......slots while you wait ......bar.........mmmmmmmm. You could promote it through the Teachers by putting the Chicken Ranch logo on the Raptors and Leafs uniforms . All the NBA free agents would want to sign with the Raptors thinking they would get an employee discount The possibilities are endless .
Who's in ?
