Proposal for the Improvement and Adaptive Reuse of the Willows Mansion

Transcription

1 The Lake House Inn And Jeffrey Miller Catering Co. Proposal for the Improvement and Adaptive Reuse of the Willows Mansion SUBMITTED BY

2 Project Summary Lake House Inn Identical experience Jeffrey Miller Largest wedding caterer Expand event space Preserve the property 100% Preserve all existing uses Partner w/ Wayne Art Center Farm to table Eliminate the operating losses

3 Current Conditions Unsuitable space Dated décor Uncompetitive for today event market Rental revenue down/costs up Financial drain / wasted potential resource

4 Our Solution Expanded atrium Refurbish mansion interior Enhance community uses Add Wayne Art Center classes Farm to table venue Reduced expenses, guaranteed revenue Venue management and marketing expertise Preservation of historic property

5 The Willows Mansion Site Improvements Mansion Improvements Code Compliance Phasing / Schedule Project Estimate

6 Willows Site Plan

7 Willows Site Plan

8 The Willows Mansion Site Improvements Mansion Improvements Code Compliance Phasing / Schedule Project Estimate

9 Mansion Improvements Existing Building Renovation Event Structure Addition Prefabricated Structure Terrace Wedding Ceremony Ruin

10 Mansion Improvements

11 The Willows Mansion

12 Arbor Room - Existing

13 Arbor Room - Proposed

14 Arbor Room - Proposed

15 Mansion Floor Plan

16 Prefabricated Event Structure

17 Prefabricated Event Structure

18 The Willows Mansion-Existing

19 The Willows Mansion with Atrium

20 Ceremony Platform - Existing

21 Ceremony Platform - Proposed

22 Courtyard - Existing

23 Ceremony Platform - Proposed

24 The Willows Mansion Site Improvements Mansion Improvements Code Compliance Phasing / Schedule Project Estimate

25 Code Compliance Accessibility Parking Use Storm Water Management Life Safety Phase I Fire Separation Phase II Suppression & Emergency Egress

26 The Willows Mansion Site Improvements Mansion Improvements Code Compliance Phasing / Schedule Project Estimate

27 Phased Renovations Phase I Site Improvements Event Structure Addition Handicap Bathrooms Accessible Routes Interior Decorating

28 Phased Renovations Phase 2 based on Achieving financial milestones 13 Additional bedrooms

29 The Willows Mansion Site Improvements Mansion Improvements Code Compliance Phasing / Schedule Project Estimate

30 Mansion Phase 1 Project Estimates Phase 1 Phase 2 Electrical $40,000 Plumbing $50,000 Fixtures $35,000 Rooms: 13 Additional bedrooms Code upgrades to exist Mansion Fire, Elect. Plumbing $150,000 Paint, Furniture, Decoration $100,000 Construction $250,000 Landscaping $35,000 Plumbing $100,000 Parking $75,000 Electrical $80,000 Code upgrades as required $150,000 Fixtures, Paint, Decoration $200,000 Roof Repair $20,000 Misc Construction $75,000 Storm Water Management $100,000 Ball room Phase 1 Structure $550,000 Plumbing $50,000 Electrical $30,000 Fixtures, Paint, Decoration $60,000 Landscaping $120,000 Total $1,490,000 Total $780,000

31 The Willows Mansion

32 Township and Community use Weekday Uses Township 10 uses per year No charge Township Residents 10 uses per year $250 Township non-profits 5 uses per year $250 Weekend Off-peak uses (January -March ) Township 3 uses per year No charge Township Residents 3 uses per year $500 Township non-profits 3 uses per year $500 Wayne Art Centre annex at the Willow s

33 Township Current Special Events Current Events on Schedule Event Date Make up Fall Harvest & Great Pumpkin Patch First Sunday in Oct Second Sunday Holiday At the Willows & Fire Works First Sunday in Dec Second Sunday Mystery Dinner Theatre Event Last Saturday in Jan Weekday following Daddy-Daughter Valentine s Dance Second Friday in Feb Willows Concert and Fire works Summer Weekday Summer Weekday Shakespeare Theatre in the Park Summer Weekday Summer Weekday

34 Farm to Table Plant fruit trees, herbs, vegetables Serve produce grown on-site Ceremonies in the arbor Expand the community garden

35 Improved Community Resource Township meetings/conferences Scouting events School formals Fishing, walking Gardening

36 The Cottage Has been removed from the proposal due to flooding concerns

37 Terms 10 year lease Two 9 year renewal options $81,000 Guaranteed payment 3.5% of Gross proceeds above $1,5 M to Township We will cover all operating expenses and necessary capital improvement. Pro rata share of grounds maintenance Proposed Improvements of $2,270,000

38 Township Revenue Mansion Current Township Projected Revenue 84,699 98, , , ,762 Projected expenses 218, , , , ,322 Net loss (133,737) (123,205) (84,530) (84,062) (83,560) The Township, in its Property Report of August 8, 2012, projects operating deficits for the Willows mansion. LHI/Jeffrey Miller Catering Guaranteed Payment 0 81,000 81,000 81,000 81, % above 1.5 million 0 12,742 28,858 34,908 40,959 Township Revenue 0 93, , , ,959

39 Marketing and management LHI/JAM assume all operational duties Facility management and maintenance- LHI Special event management -300 weddings a year Accounting Marketing Partyspace venues, 42% of brides, Willows, Appleford, Bolingbroke, Radnor Hotel

40 Our Team Lake House Inn Wayne Art Center Jeffrey Miller Catering

41 The Lake House Inn Glenn Stevens- seasoned businessman History of the Lake House Inn Scope of renovations Current Success $10M in cumulative revenues Top venue in Bucks County Averaging 60 events per year.

42 Wayne Art Center History of the Center 5000 students/ 500 classes 1200 summer camp 15,000 visitors

43 JAM Catering Brunch in Bed Current: Biggest wedding caterer in Delaware Valley Full service- unique venues $6m in sales 40 full-time staff 9 exclusive venues

44 Aldie Mansion Tyler Arboretum Community Arts Center Lake House Inn Michener Museum Racquet Club Waynesborough Wayne Arts Center Audubon Center

45 Conclusion Preserve park land 100% Preserve/enhance existing uses for residents Upgrade the building Add Arts Center services to Willows Add sustainable agriculture Most experienced operations team

46 Questions?