Feasibility Studies 101 | If You Are Wanting to Develop Land for Your Business This is the Show for You

Show Notes

The founder of AAB Engineering and the engineer of choice for QuikTrip, Slim Chickens, Shaw Homes, Einstein Brothers Bagels and others join to teach you everything that you need to know about developing a piece of property for your business.

DEFINITION – A feasibility study is an analysis that takes all of a project’s relevant factors into account—including economic, technical, legal, and scheduling considerations—to ascertain the likelihood of completing the project successfully

AMPLE EXAMPLES:

1. This week alone we knocked out feasibility studies for QuikTrip, Dollar General, etc.
2. FUN FACTS:
   1. QuikTrip has 805 locations
   2. QuikTrip did $9.16 billion of revenue in 2017
   3. QuikTrip is now worth over $11 billion 

NOTABLE QUOTABLE – “Very few people recognize that they need a feasibility study.” – Alan Betchan (The founder of AAB Engineering)

Feasibility Study Checklist Before Buying the Land:

1. Is the client committed to the project?
2. Conduct an American Land Title Act (Alta) survey.
3. Laying out the site plan
4. Start doing the evaluation of what you have to do to make the site plan a reality.
5. Start doing the math and determine what it is actually going to cost to build the project.

NOTABLE QUOTABLE – “Everyone then who hears these words of mine and does them will be like a wise man who built his house on the rock. And the rain fell, and the floods came, and the winds blew and beat on that house, but it did not fall, because it had been founded on the rock. And everyone who hears these words of mine and does not do them will be like a foolish man who built his house on the sand. And the rain fell, and the floods came, and the winds blew and beat against that house, and it fell, and great was the fall of it.” – Matthew 7:24-27

What States Does AAB Engineering Provide Feasibility Studies For?

1. AAB can help you in all 50 states.
2. AAB is licensed to do engineering in 10 states.

DEFINITION – An ad valorem tax is a tax based on the assessed value of an item, such as real estate or personal property. The most common ad valorem taxes are property taxes levied on real estate. However, ad valorem taxes may also extend to a number of tax applications, such as import duty taxes on goods from abroad.

What does a feasibility study cost?

1. Small residential = $1,500 approximately