Proposed: Three building auction complex, with hotel on 156 acres South of Indianapolis, to serve the 5- state area of all auction needs.
Arial plan view of the car auction house, showing the special extra wide railroad cars, each having 2 rotating platforms on each rail car. These will rotate as they pass in front of the bidders.
It will be necessary to begin the car auction business with 30 special railroad cars, 40 long. Each railroad car will have 2 rotating platforms displaying cars or trucks. The platforms will rotate 1 revolution per minute in front of the bidders. It will be necessary to unload the rail cars twice at each auction; requiring extra help.
Total of 120 cars per auction will make this a profitable business. If you have 60 rail cars it will take less help to load, and unload the rail cars because the loading can cross over an empty rail car to load the rail car on the center track. There will be 20 cars going in one direction in front of the bleachers, and then they will start from the other direction, with the next 20 cars. This is caused by the rail car track switching system on each side of the car auction house as shown on the plot plan.
The elevation of the loading platforms will be raised to the height of the rail car rotating platforms so cars can be driven over all of the rail cars without an incline that could cause damage to the under carriage of the vehicle. The platform height will be determined after the railroad car is designed. There will need to be more ground area on the West side than 175’ allotted now; more like 400’, and this will be taken into consideration when property is purchased. This will allow for parking of the cars to be auctioned off the following week.
This should be the first building constructed because of the larger profit revenue from the car venue of dollars turned over per item. A $15 dollar charge to enter a car will compensate for the physical time required to accomplish moving all the cars around, and wiping them down after a rain storm in the 85’ tunnel provided at each side of the building. We have calculated that it will take 10 men to handle all of these functions.
If a client wants to put a reserve on the car, a 2% charge will be imposed along with the $15 entry fee to enter the car. If the car sells above the reserve, the 2% charge will be credited to the 3% fee charged to sell the car. Say a car is entered into the: The $15 is charged, plus the reserve on $4,000 at 2% =$80. If the car sells above the reserve, that portion will be applied to the 3% auction charge.
The total capacity of the car auction house will be 180 cars or trucks. This will be equal to auction time per car at 2.6 minutes for an 8 hour day.
Let us say the average used car; 4 years old, will bring approximately $2300 dollars, and we charge 3% of the sale = $69. Then add the $15 = $84 x 120 = $10,080 per day. Now 10 men at $20 hour x 8 hours = $1,600. You are left with $10,080 - $ 1,600 = $8,480 – the loan. The loan is $5,000,000 for the grounds and the completed building divided be 6 years to pay back the loan =$833.333 a year or divide by 300 operating days per year =$2,777 an auction. Now take $2,777 from $8,480 = $5,702. As you can see the profit is going up in smoke. Now comes the rudimentary essentials, electric, gas, water, sewer, air conditioning and electronics maintenance. The operating cost would be considered lucky if it were in the $900 per month range. Take $900 divided by 30 days = $30 a day then take $5,702 - $30 = $5,672. Still you have a profit. Consider $5,672 a day x 300 days = $1,701,600 a year. Where else could you find such a profit for your time? Now this is looking at the performance end of this scenario, but in reality the whole thing could stink. It could be bad timing if no one is looking for a car; or some other type of disaster could occur. That is just our luck, or the car companies would say buy one and get one free. Now there are a few taxes to be paid, such as county property tax which will run at 3% of assessed value of the building. The property will be assessed at $4,000,000 x 3% = $120,000 a year. $1,701,600 -$120,000 = $1, 581,60. Still ahead are corporation taxes at 2% of profits is $1,581,600 - $31,632 = $1,549,968. Still coming up with a profit.
This is the Rapture
But of that day and hour knoweth no man, no, not the angels of heaven, but my Father only.
But as the days of Noe were, so shall also the coming of the Son of man be.
For as in the days that were before the flood they were eating and drinking, marrying and giving in marriage, until the day Noe entered into the ark,
And knew not until the flood came, and took them all away; so shall also the coming of the Son of man be.
Then shall two be in the field; the one shall be taken, and the other left.
Two women shall be grinding at the mill; the one shall be taken, and the other left.
Watch therefore; for ye know not what hour your Lord doth come.
Matthew 24: 36 – 42
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