that number could or could not be steep. It all depends on how much the military training contracts that come with the purchase. and how long they last. a little bit of research and a good sales pitch to a group of wealthy investors could make for a great deal.
So, your monthly loan payment for a 6% loan (impossible to get for a $30M business loan, but why not dream) would be $214,929.30 per month. I know a lot of people in real estate and getting a $300,000 loan for a new business is next to impossible. Imagine making a $30M pitch to a bank!
So at $1150 per hour, per their website, that is 6.14 booked hours per day for 20 years to just pay the mortgage at 6%... If electricity is 10% of their operating costs, then you are needing to book almost 7 hours a day. Add in insurance and property taxes, and I am starting to see VERY thin margins.
A reasonable investor paying cash for an investment would want to see 10% return. Now we are needing to book 9-10 hours a day solid.
If someone was rich and wanted a trophy, perhaps they should buy this tunnel. If they want a solid investment, I don't see it happening.
Every time I've been to paraclete, including weekdays, it has been packed. I bet they fly 12 hours a day on a slow day. When its really busy, it runs literally 24 hours a day for days on end. If you could break even at 10 hours a day then I bet you would make a ton of cash.
But then again, why is the owner selling if its making money?