1) The business I have created is intended to only grow in value as things become more and more crowded in the surrounded area, yet, I do intend to sell it at the right time. This plot of land alone will draw a lot of attention and I believe that in twenty years I will be ready to sell the business entirely and with that the land.
2) The surrounding area to the plot of land I have intended is already very crowded, however, In twenty years I expect it to be much worse. It will certainly be at a point in which building any more parking lots will be completely out of the question. This would drive up the business of a parking lot not only for students but also for people trying get to the buildings I expect to be there. I believe that the land alone would be worth a lot but I would want to sell the business entirely.
3) I believe that the desire to pick a location that would thrive so well throughout the years and also gain value over time was directly influenced by my exit strategy. I saw the available lot and realized it's potential in the town's current situation but also what it could mean for me if I were to have a business revolving around it. It has led me intentions towards keeping it a thriving lot while everything around it develops and brings in more customers.
Rob,
ReplyDeleteI do agree that in the future this problem will only become a bigger one. I would also sell this plot of land and business in the future unless it was something that you really enjoyed doing and it was bringing in enough income to make you happy. If you choose to keep this business though you could go around to different Universities offering your services to those that have this problem.
Hey Rob,
ReplyDeleteI think one of the greatest investments you can make in today's economy is real estate. The price of your land alone will go up throughout the next couple years making your business even more profitable when you decide to sell. With Gainesville growing more and more each year, I believe you will see a lot of success with your strategy.
Thanks,
Michelle
Hey Rob,
ReplyDeleteNice exit strategy. I agree with what you stated in your post completely regarding the gradual evolution of this current situation into what is most likely going to be a bigger problem. If the income made from this business is able to allow you to continue living comfortably after its sold, then I do agree that it's the sensible thing to do. Gainesville is the largest city in Alachua County, so as it continues to expand, you might find that your strategy will prove to be successful. And in the event that you would not sell the plot of land, you could also strategize alternatives that would allow you to sustain the business, as I'm sure there are many given that this business would be located in a college town.
Nice work!