Development & Operating Budget

Equus Club & Winery Proposed Development Budget

Land - 335 acres on Lake Keowee - Salem, SC ($3,558/acre) 1,192,000
Building Construction 6,085,000
Infrastructure - Roads, Parking Lots, Wells, etc. 1,055,000
Winery Equipment & 1st Year Grape/Bulk Wine Purchases 1,364,899
Maintenance Equipment & Vehicles 340,000
Vineyard Planting & Landscaping 1,838,576
Furniture & Fixtures 772,000
Professional Fees (Legal, Architectural, Civil Engineering, Accounting, Traffic Engineering, Developer’s Fee & Building Permits 1,061,000
Employee/Contract Labor - Salaries & Benefits 420,000
Budget “Overrun” Allowance & Misc. Expenses 121,525
500 Members X $28,500 Initiation Fee = $14,250,000 $14,250,000

Equus Club & Winery Proposed Annual Operating Budget

Operations - Vineyards & Winery 1,220,400
Operations - Culinary Center 244,550
Operations - Maintenance 46,250
Operations - Professional Services 12,400
Employee Payroll & Benefits 862,000
Utilities 33,850
Office Expenses 20,000
Entertainment/Event Expenses 114,000
Insurance 101,400
Taxes - Sales & Use, Payroll, Property, etc. 310,600
Cash Reserve 4,550
500 Members X $495/Month Dues = $2,970,000 $2,970,000